BMS & IB: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BMS & IB
Largest movements
- Cash +€44,793
up €44,793 (+64.2%), from €69,801 to €114,594
mainly Other debts (+€30,797) and Net result for the year (+€21,610)
- Receivables within one year +€20,427
up €20,427 (+5.5%), from €371,770 to €392,197
of which Trade receivables: +€20,755
- Tangible fixed assets -€7,871
down €7,871 (-23.2%), from €33,882 to €26,011
- Receivables after one year -€7,645
down €7,645 (-24.2%), from €31,562 to €23,917
- Other debts +€30,797
up €30,797 (+91.7%), from €33,570 to €64,367
- Profit (loss) carried forward +€21,610
up €21,610 (+28.4%), from €76,069 to €97,678
- Tax, wage and social debts +€8,218
up €8,218 (+36.0%), from €22,839 to €31,057
of which Taxes: +€13,857
- Debts after one year -€7,728
down €7,728 (-37.4%), from €20,673 to €12,945
- Taxes +€9,176
up €9,176 (+96.3%), from €9,530 to €18,706
- Other operating charges -€2,899
down €2,899 (-66.9%), from €4,330 to €1,431
- Gross operating margin -€1,974
down €1,974 (-1.9%), from €105,019 to €103,045
- Write-downs +€1,435
no longer reported in 2025 (was -€1,435)
- Staff costs +€1,205
up €1,205 (+2.5%), from €47,678 to €48,883
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €512,039 | €562,494 | +€50,455 | +9.9% |
| Fixed assets | 21/28 | €33,882 | €26,011 | -€7,871 | -23.2% |
| Tangible fixed assets | 22/27 | €33,882 | €26,011 | -€7,871 | -23.2% |
| Furniture and vehicles | 24 | €33,882 | €26,011 | -€7,871 | -23.2% |
| Current assets | 29/58 | €478,157 | €536,483 | +€58,326 | +12.2% |
| Amounts receivable after more than one year | 29 | €31,562 | €23,917 | -€7,645 | -24.2% |
| Trade receivables | 290 | €31,562 | €23,917 | -€7,645 | -24.2% |
| Amounts receivable within one year | 40/41 | €371,770 | €392,197 | +€20,427 | +5.5% |
| Trade receivables | 40 | €37,847 | €58,602 | +€20,755 | +54.8% |
| Other amounts receivable | 41 | €333,923 | €333,595 | -€328 | -0.1% |
| Cash at bank and in hand | 54/58 | €69,801 | €114,594 | +€44,793 | +64.2% |
| Deferred charges and accrued income | 490/1 | €5,024 | €5,775 | +€751 | +14.9% |
| Total equity and liabilities | 10/49 | €512,039 | €562,494 | +€50,455 | +9.9% |
| Equity | 10/15 | €409,716 | €431,325 | +€21,610 | +5.3% |
| Contributions | 10/11 | €183,647 | €183,647 | = | 0.0% |
| Reserves | 13 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,069 | €97,678 | +€21,610 | +28.4% |
| Amounts payable | 17/49 | €102,323 | €131,168 | +€28,845 | +28.2% |
| Amounts payable after more than one year | 17 | €20,673 | €12,945 | -€7,728 | -37.4% |
| Financial debts | 170/4 | €20,673 | €12,945 | -€7,728 | -37.4% |
| Amounts payable within one year | 42/48 | €81,510 | €118,098 | +€36,588 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | €19,342 | €19,532 | +€190 | +1.0% |
| Financial debts | 43 | €4 | - | -€4 | |
| Credit institutions | 430/8 | €4 | - | -€4 | |
| Trade debts | 44 | €5,756 | €3,143 | -€2,613 | -45.4% |
| Suppliers | 440/4 | €5,756 | €3,143 | -€2,613 | -45.4% |
| Taxes, remuneration and social security | 45 | €22,839 | €31,057 | +€8,218 | +36.0% |
| Taxes | 450/3 | €11,410 | €25,268 | +€13,857 | +121.4% |
| Remuneration and social security | 454/9 | €11,428 | €5,790 | -€5,639 | -49.3% |
| Other amounts payable | 47/48 | €33,570 | €64,367 | +€30,797 | +91.7% |
| Accrued charges and deferred income | 492/3 | €140 | €125 | -€15 | -10.4% |
| Remuneration, social security and pensions | 62 | €47,678 | €48,883 | +€1,205 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,406 | €10,521 | +€114 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,435 | - | +€1,435 | |
| Other operating charges | 640/8 | €4,330 | €1,431 | -€2,899 | -66.9% |
| Non-recurring operating charges | 66A | €397 | - | -€397 | |
| Gross operating margin | 9900 | €105,019 | €103,045 | -€1,974 | -1.9% |
| Operating profit (loss) | 9901 | €43,642 | €42,210 | -€1,432 | -3.3% |
| Financial income | 75/76B | €1,220 | €1,948 | +€727 | +59.6% |
| Recurring financial income | 75 | €1,220 | €1,948 | +€727 | +59.6% |
| Financial charges | 65/66B | €3,424 | €3,842 | +€418 | +12.2% |
| Recurring financial charges | 65 | €3,424 | €3,842 | +€418 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €41,439 | €40,316 | -€1,123 | -2.7% |
| Income taxes | 67/77 | €9,530 | €18,706 | +€9,176 | +96.3% |
| Profit (loss) for the period | 9904 | €31,908 | €21,610 | -€10,299 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,908 | €21,610 | -€10,299 | -32.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.