BMT Real Estate: 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 Real Estate
Largest movements
- Cash +€295,090
up €295,090 (+42.5%), from €694,607 to €989,698
mainly Net result for the year (+€1.1m) and Other debts (+€200,000)
- Receivables within one year +€124,685
up €124,685 (+104%), from €119,392 to €244,077
of which Trade receivables: +€111,066
- Tangible fixed assets -€57,767
down €57,767 (-8.8%), from €657,585 to €599,818
- Profit (loss) carried forward +€327,270
up €327,270 (+57.6%), from €568,662 to €895,932
- Other debts +€200,000
up €200,000 (+33.3%), from €600,000 to €800,000
- Tax, wage and social debts -€172,895
down €172,895 (-100%), from €172,895 to €0
- Gross operating margin +€698,758
up €698,758 (+77.6%), from €900,962 to €1.6m
- Taxes +€205,189
up €205,189 (+119%), from €172,895 to €378,085
- Depreciation -€85,649
down €85,649 (-59.7%), from €143,415 to €57,767
- Other operating charges -€29,823
down €29,823 (-45.0%), from €66,217 to €36,394
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.
Derived cash bridge
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 | €1,479,185 | €1,833,593 | +€354,408 | +24.0% |
| Fixed assets | 21/28 | €657,585 | €599,818 | -€57,767 | -8.8% |
| Tangible fixed assets | 22/27 | €657,585 | €599,818 | -€57,767 | -8.8% |
| Land and buildings | 22 | €657,585 | €599,818 | -€57,767 | -8.8% |
| Current assets | 29/58 | €821,600 | €1,233,775 | +€412,175 | +50.2% |
| Amounts receivable within one year | 40/41 | €119,392 | €244,077 | +€124,685 | +104% |
| Trade receivables | 40 | €99,158 | €210,224 | +€111,066 | +112% |
| Other amounts receivable | 41 | €20,235 | €33,853 | +€13,619 | +67.3% |
| Cash at bank and in hand | 54/58 | €694,607 | €989,698 | +€295,090 | +42.5% |
| Deferred charges and accrued income | 490/1 | €7,600 | €0 | -€7,600 | -100% |
| Total equity and liabilities | 10/49 | €1,479,185 | €1,833,593 | +€354,408 | +24.0% |
| Equity | 10/15 | €696,272 | €1,023,542 | +€327,270 | +47.0% |
| Contributions | 10/11 | €116,009 | €116,009 | = | 0.0% |
| Reserves | 13 | €11,601 | €11,601 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,601 | €11,601 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,601 | €11,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | €568,662 | €895,932 | +€327,270 | +57.6% |
| Amounts payable | 17/49 | €782,913 | €810,051 | +€27,139 | +3.5% |
| Amounts payable within one year | 42/48 | €782,913 | €810,051 | +€27,139 | +3.5% |
| Trade debts | 44 | €10,017 | €10,051 | +€34 | +0.3% |
| Suppliers | 440/4 | €10,017 | €10,051 | +€34 | +0.3% |
| Taxes, remuneration and social security | 45 | €172,895 | €0 | -€172,895 | -100% |
| Taxes | 450/3 | €172,895 | €0 | -€172,895 | -100% |
| Other amounts payable | 47/48 | €600,000 | €800,000 | +€200,000 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,415 | €57,767 | -€85,649 | -59.7% |
| Other operating charges | 640/8 | €66,217 | €36,394 | -€29,823 | -45.0% |
| Gross operating margin | 9900 | €900,962 | €1,599,720 | +€698,758 | +77.6% |
| Operating profit (loss) | 9901 | €691,329 | €1,505,559 | +€814,230 | +118% |
| Financial charges | 65/66B | €61 | €205 | +€145 | +239% |
| Recurring financial charges | 65 | €61 | €205 | +€145 | +239% |
| Profit (loss) for the period before taxes | 9903 | €691,269 | €1,505,354 | +€814,085 | +118% |
| Income taxes | 67/77 | €172,895 | €378,085 | +€205,189 | +119% |
| Profit (loss) for the period | 9904 | €518,374 | €1,127,270 | +€608,896 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €518,374 | €1,127,270 | +€608,896 | +117% |
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 28 October 2026 via checked.be.