BMS SYSTEMS: 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.
What changed
BMS SYSTEMS
NACE 42.220, Construction of utility projects for electricity and telecommunications
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€235,790
2024 · €166,177+€69,613
Equity
€2.1m
2024 · €2.1m
Cash
€25,221
2024 · €133,375-€108,154
Balance sheet total
€4.4m
2024 · €4.5m-€64,259
Largest movements
Assets
- Stocks and contracts -€1.3m
down €1.3m (-80.9%), from €1.6m to €309,019
- Receivables within one year +€1.2m
up €1.2m (+48.2%), from €2.5m to €3.6m
of which Trade receivables: +€1.3m
- Tangible fixed assets +€176,391
up €176,391 (+92.5%), from €190,734 to €367,125
of which Leasing and similar rights: +€210,058
- Cash -€108,154
down €108,154 (-81.1%), from €133,375 to €25,221
mainly Receivables within one year (-€1.2m) and Investment in fixed assets (net) (-€255,502)
Equity and liabilities
- Other debts +€235,790
new in 2025: €235,790
- Trade debts -€187,988
down €187,988 (-35.6%), from €528,452 to €340,464
- Short-term financial debts -€178,374
down €178,374 (-21.6%), from €824,981 to €646,607
- Debts after one year +€159,711
up €159,711 (+222.0%), from €71,955 to €231,666
- Advances received -€139,877
down €139,877 (-22.0%), from €635,405 to €495,528
Income statement
- Gross operating margin +€74,271
up €74,271 (+4.6%), from €1.6m to €1.7m
- Taxes +€24,604
up €24,604 (+40.6%), from €60,577 to €85,181
- Depreciation +€21,815
up €21,815 (+38.1%), from €57,295 to €79,111
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.
Result 2024
€166,177
Gross operating margin
+€74,271
Staff costs
+€11,658
Depreciation
-€21,815
Provisions
+€5,764
Other operating charges
+€891
Other operating items
+€15,759
Financial income
+€3
Financial charges
+€7,686
Taxes
-€24,604
Result 2025
€235,790
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.
From operations
+€355,453
Investment
-€255,502
Financing
-€208,104
Cash 2024
€133,375
From operations (derived)
+€355,453
Net result for the year
+€235,790
Depreciation
+€79,111
Stocks and contracts
+€1.3m
Receivables within one year
-€1.2m
Deferred charges and accrued income
+€11,737
Provisions
-€31,305
Trade debts
-€187,988
Tax, wage and social debts
+€31,436
Advances received
-€139,877
Other debts
+€235,790
Investment (derived)
-€255,502
Investment in fixed assets (net)
-€255,502
Financing
-€208,104
Debts after one year
+€159,711
Current portion of long-term debt
+€46,349
Short-term financial debts
-€178,374
Contributions, distributions and other
-€235,790
Cash 2025
€25,221
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,464,183 | €4,399,924 | -€64,259 | -1.4% |
| Fixed assets | 21/28 | €191,524 | €367,915 | +€176,391 | +92.1% |
| Tangible fixed assets | 22/27 | €190,734 | €367,125 | +€176,391 | +92.5% |
| Plant, machinery and equipment | 23 | €14,098 | €0 | -€14,098 | -100.0% |
| Furniture and vehicles | 24 | €79,219 | €59,650 | -€19,569 | -24.7% |
| Leasing and similar rights | 25 | €97,417 | €307,475 | +€210,058 | +215.6% |
| Financial fixed assets | 28 | €790 | €790 | = | 0.0% |
| Current assets | 29/58 | €4,272,659 | €4,032,008 | -€240,650 | -5.6% |
| Amounts receivable after more than one year | 29 | €17,500 | €17,500 | = | 0.0% |
| Trade receivables | 290 | €17,500 | €17,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,615,000 | €309,019 | -€1.3m | -80.9% |
| Contracts in progress | 37 | €1,615,000 | €309,019 | -€1.3m | -80.9% |
| Amounts receivable within one year | 40/41 | €2,458,711 | €3,643,933 | +€1.2m | +48.2% |
| Trade receivables | 40 | €1,896,357 | €3,204,856 | +€1.3m | +69.0% |
| Other amounts receivable | 41 | €562,355 | €439,077 | -€123,277 | -21.9% |
| Current investments | 50/53 | €11,405 | €11,405 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €133,375 | €25,221 | -€108,154 | -81.1% |
| Deferred charges and accrued income | 490/1 | €36,667 | €24,930 | -€11,737 | -32.0% |
| Total equity and liabilities | 10/49 | €4,464,183 | €4,399,924 | -€64,259 | -1.4% |
| Equity | 10/15 | €2,131,619 | €2,131,619 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,113,019 | €2,113,019 | = | 0.0% |
| Distributable reserves | 133 | €2,113,019 | €2,113,019 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €188,093 | €156,788 | -€31,305 | -16.6% |
| Provisions for liabilities and charges | 160/5 | €188,093 | €156,788 | -€31,305 | -16.6% |
| Other liabilities and charges | 164/5 | €188,093 | €156,788 | -€31,305 | -16.6% |
| Amounts payable | 17/49 | €2,144,471 | €2,111,517 | -€32,954 | -1.5% |
| Amounts payable after more than one year | 17 | €71,955 | €231,666 | +€159,711 | +222.0% |
| Financial debts | 170/4 | €71,955 | €231,666 | +€159,711 | +222.0% |
| Amounts payable within one year | 42/48 | €2,072,516 | €1,879,852 | -€192,664 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €24,162 | €70,511 | +€46,349 | +191.8% |
| Financial debts | 43 | €824,981 | €646,607 | -€178,374 | -21.6% |
| Credit institutions | 430/8 | €824,981 | €646,607 | -€178,374 | -21.6% |
| Trade debts | 44 | €528,452 | €340,464 | -€187,988 | -35.6% |
| Suppliers | 440/4 | €528,452 | €340,464 | -€187,988 | -35.6% |
| Advances received on contracts in progress | 46 | €635,405 | €495,528 | -€139,877 | -22.0% |
| Taxes, remuneration and social security | 45 | €59,516 | €90,952 | +€31,436 | +52.8% |
| Taxes | 450/3 | €0 | €6,677 | +€6,677 | |
| Remuneration and social security | 454/9 | €59,516 | €84,275 | +€24,759 | +41.6% |
| Other amounts payable | 47/48 | - | €235,790 | +€235,790 | |
| Non-recurring operating income | 76A | €0 | €12,237 | +€12,237 | |
| Remuneration, social security and pensions | 62 | €1,276,364 | €1,264,706 | -€11,658 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,295 | €79,111 | +€21,815 | +38.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€25,541 | -€31,305 | -€5,764 | -22.6% |
| Other operating charges | 640/8 | €6,206 | €5,315 | -€891 | -14.4% |
| Non-recurring operating charges | 66A | €15,759 | €0 | -€15,759 | -100.0% |
| Gross operating margin | 9900 | €1,600,126 | €1,674,397 | +€74,271 | +4.6% |
| Operating profit (loss) | 9901 | €270,043 | €356,571 | +€86,528 | +32.0% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €43,289 | €35,603 | -€7,686 | -17.8% |
| Recurring financial charges | 65 | €43,289 | €35,603 | -€7,686 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €226,754 | €320,971 | +€94,217 | +41.6% |
| Income taxes | 67/77 | €60,577 | €85,181 | +€24,604 | +40.6% |
| Profit (loss) for the period | 9904 | €166,177 | €235,790 | +€69,613 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €166,177 | €235,790 | +€69,613 | +41.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.