BSM CONCEPT: 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.
BSM CONCEPT
Largest movements
- Receivables within one year -€129,484
down €129,484 (-22.3%), from €579,484 to €450,000
of which Other amounts receivable: -€129,434
- Cash -€57,954
down €57,954 (-54.1%), from €107,076 to €49,122
mainly Net result for the year (-€126,214) and Tax, wage and social debts (-€46,532)
- Profit (loss) carried forward -€126,214
down €126,214 (-54.0%), from €233,612 to €107,398
- Tax, wage and social debts -€46,532
down €46,532 (-79.1%), from €58,849 to €12,318
- Contributions -€12,000
down €12,000 (-3.1%), from €390,000 to €378,000
- Write-downs +€113,434
new in 2025: €113,434
- Financial income -€66,028
no longer reported in 2025 (was €66,028)
- Taxes -€5,611
down €5,611 (-35.2%), from €15,955 to €10,344
- Gross operating margin +€4,496
up €4,496 (+77.6%), from -€5,794 to -€1,298
- Other operating charges +€428
up €428 (+67.4%), from €634 to €1,062
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 | €686,560 | €499,122 | -€187,438 | -27.3% |
| Current assets | 29/58 | €686,560 | €499,122 | -€187,438 | -27.3% |
| Amounts receivable within one year | 40/41 | €579,484 | €450,000 | -€129,484 | -22.3% |
| Trade receivables | 40 | €50 | - | -€50 | |
| Other amounts receivable | 41 | €579,434 | €450,000 | -€129,434 | -22.3% |
| Cash at bank and in hand | 54/58 | €107,076 | €49,122 | -€57,954 | -54.1% |
| Total equity and liabilities | 10/49 | €686,560 | €499,122 | -€187,438 | -27.3% |
| Equity | 10/15 | €623,612 | €485,398 | -€138,214 | -22.2% |
| Contributions | 10/11 | €390,000 | €378,000 | -€12,000 | -3.1% |
| Profit (loss) carried forward | 14 | €233,612 | €107,398 | -€126,214 | -54.0% |
| Amounts payable | 17/49 | €62,948 | €13,724 | -€49,223 | -78.2% |
| Amounts payable within one year | 42/48 | €62,948 | €13,724 | -€49,223 | -78.2% |
| Trade debts | 44 | €388 | €696 | +€308 | +79.5% |
| Suppliers | 440/4 | €388 | €696 | +€308 | +79.5% |
| Taxes, remuneration and social security | 45 | €58,849 | €12,318 | -€46,532 | -79.1% |
| Taxes | 450/3 | €58,849 | €12,318 | -€46,532 | -79.1% |
| Other amounts payable | 47/48 | €3,711 | €711 | -€3,000 | -80.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €113,434 | +€113,434 | |
| Other operating charges | 640/8 | €634 | €1,062 | +€428 | +67.4% |
| Gross operating margin | 9900 | -€5,794 | -€1,298 | +€4,496 | +77.6% |
| Operating profit (loss) | 9901 | -€6,429 | -€115,794 | -€109,366 | -1701.2% |
| Financial income | 75/76B | €66,028 | - | -€66,028 | |
| Recurring financial income | 75 | €66,028 | - | -€66,028 | |
| Financial charges | 65/66B | €66 | €77 | +€11 | +16.8% |
| Recurring financial charges | 65 | €66 | €77 | +€11 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €59,534 | -€115,871 | -€175,405 | |
| Income taxes | 67/77 | €15,955 | €10,344 | -€5,611 | -35.2% |
| Profit (loss) for the period | 9904 | €43,579 | -€126,214 | -€169,794 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,579 | -€126,214 | -€169,794 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.