BMT Properties: 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.
BMT Properties
Largest movements
- Current investments -€688,342
down €688,342 (-80.7%), from €853,302 to €164,960
- Receivables within one year -€277,155
down €277,155 (-63.0%), from €440,032 to €162,877
of which Other amounts receivable: -€196,951
- Financial fixed assets +€213,000
up €213,000 (+291.1%), from €73,159 to €286,159
- Stocks and contracts +€107,400
up €107,400 (+1118.8%), from €9,600 to €117,000
- Cash -€18,919
down €18,919 (-77.6%), from €24,395 to €5,476
mainly Contributions, distributions and other (-€500,000) and Investment in fixed assets (net) (-€220,275)
- Reserves -€512,056
down €512,056 (-35.1%), from €1.5m to €948,327
of which Distributable reserves: -€512,056
- Profit (loss) carried forward -€185,173
down €185,173, from €298 to -€184,875
- Other debts +€74,738
up €74,738 (+5608.8%), from €1,333 to €76,070
- Trade debts -€35,935
down €35,935 (-81.3%), from €44,180 to €8,245
- Gross operating margin -€311,841
down €311,841, from €153,261 to -€158,579
- Taxes -€42,818
down €42,818 (-89.4%), from €47,915 to €5,097
- Financial charges +€28,593
up €28,593 (+855.8%), from €3,341 to €31,935
- Financial income +€14,529
up €14,529 (+22.5%), from €64,455 to €78,984
- Staff costs -€12,204
down €12,204 (-18.0%), from €67,925 to €55,721
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 | €1,627,734 | €948,557 | -€679,177 | -41.7% |
| Fixed assets | 21/28 | €267,674 | €468,490 | +€200,816 | +75.0% |
| Tangible fixed assets | 22/27 | €194,514 | €182,330 | -€12,184 | -6.3% |
| Land and buildings | 22 | €170,856 | €159,841 | -€11,015 | -6.4% |
| Plant, machinery and equipment | 23 | €7,527 | €5,200 | -€2,327 | -30.9% |
| Furniture and vehicles | 24 | €14,731 | €15,889 | +€1,158 | +7.9% |
| Other tangible fixed assets | 26 | €1,400 | €1,400 | = | 0.0% |
| Financial fixed assets | 28 | €73,159 | €286,159 | +€213,000 | +291.1% |
| Current assets | 29/58 | €1,360,061 | €480,068 | -€879,993 | -64.7% |
| Stocks and contracts in progress | 3 | €9,600 | €117,000 | +€107,400 | +1118.8% |
| Stocks | 30/36 | €9,600 | €117,000 | +€107,400 | +1118.8% |
| Amounts receivable within one year | 40/41 | €440,032 | €162,877 | -€277,155 | -63.0% |
| Trade receivables | 40 | €90,202 | €9,998 | -€80,204 | -88.9% |
| Other amounts receivable | 41 | €349,830 | €152,879 | -€196,951 | -56.3% |
| Current investments | 50/53 | €853,302 | €164,960 | -€688,342 | -80.7% |
| Cash at bank and in hand | 54/58 | €24,395 | €5,476 | -€18,919 | -77.6% |
| Deferred charges and accrued income | 490/1 | €32,731 | €29,754 | -€2,977 | -9.1% |
| Total equity and liabilities | 10/49 | €1,627,734 | €948,557 | -€679,177 | -41.7% |
| Equity | 10/15 | €1,480,681 | €783,452 | -€697,229 | -47.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,460,383 | €948,327 | -€512,056 | -35.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,460,383 | €948,327 | -€512,056 | -35.1% |
| Profit (loss) carried forward | 14 | €298 | -€184,875 | -€185,173 | |
| Amounts payable | 17/49 | €147,053 | €165,106 | +€18,052 | +12.3% |
| Amounts payable after more than one year | 17 | €71,481 | €56,309 | -€15,172 | -21.2% |
| Financial debts | 170/4 | €71,205 | €56,033 | -€15,172 | -21.3% |
| Other amounts payable | 178/9 | €276 | €276 | = | 0.0% |
| Amounts payable within one year | 42/48 | €75,573 | €108,797 | +€33,224 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | €14,973 | €15,172 | +€199 | +1.3% |
| Trade debts | 44 | €44,180 | €8,245 | -€35,935 | -81.3% |
| Suppliers | 440/4 | €44,180 | €8,245 | -€35,935 | -81.3% |
| Taxes, remuneration and social security | 45 | €15,087 | €9,310 | -€5,778 | -38.3% |
| Taxes | 450/3 | €8,542 | €2,697 | -€5,845 | -68.4% |
| Remuneration and social security | 454/9 | €6,546 | €6,613 | +€67 | +1.0% |
| Other amounts payable | 47/48 | €1,333 | €76,070 | +€74,738 | +5608.8% |
| Remuneration, social security and pensions | 62 | €67,925 | €55,721 | -€12,204 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,123 | €19,459 | +€336 | +1.8% |
| Other operating charges | 640/8 | €4,144 | €5,422 | +€1,278 | +30.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €153,261 | -€158,579 | -€311,841 | |
| Operating profit (loss) | 9901 | €62,069 | -€239,182 | -€301,251 | |
| Financial income | 75/76B | €64,455 | €78,984 | +€14,529 | +22.5% |
| Recurring financial income | 75 | €64,455 | €78,984 | +€14,529 | +22.5% |
| Financial charges | 65/66B | €3,341 | €31,935 | +€28,593 | +855.8% |
| Recurring financial charges | 65 | €3,341 | €31,935 | +€28,593 | +855.8% |
| Profit (loss) for the period before taxes | 9903 | €123,183 | -€192,133 | -€315,315 | |
| Income taxes | 67/77 | €47,915 | €5,097 | -€42,818 | -89.4% |
| Profit (loss) for the period | 9904 | €75,268 | -€197,229 | -€272,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,268 | -€197,229 | -€272,497 |
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.