BSMAND: 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.
BSMAND
Largest movements
- Receivables within one year -€10,422
down €10,422 (-87.3%), from €11,936 to €1,513
of which Trade receivables: -€5,422
- Cash -€5,489
down €5,489 (-57.5%), from €9,538 to €4,049
mainly Net result for the year (-€16,528) and Tax, wage and social debts (-€10,602)
- Stocks and contracts -€4,190
down €4,190 (-18.2%), from €23,062 to €18,872
- Tangible fixed assets -€617
down €617 (-27.6%), from €2,235 to €1,618
- Financial fixed assets +€550
up €550 (+36.7%), from €1,500 to €2,050
- Profit (loss) carried forward -€16,528
down €16,528, from €2,115 to -€14,413
- Tax, wage and social debts -€10,602
down €10,602 (-52.6%), from €20,159 to €9,557
of which Remuneration and social security: -€13,530
- Trade debts +€6,597
up €6,597 (+96.7%), from €6,825 to €13,422
- Purchases and services +€51,458
up €51,458 (+17.4%), from €294,901 to €346,360
- Turnover +€33,029
up €33,029 (+10.6%), from €312,463 to €345,492
- Gross operating margin -€18,427
down €18,427 (-98.2%), from €18,762 to €335
- Staff costs +€4,880
up €4,880 (+62.1%), from €7,857 to €12,737
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 | €48,270 | €28,102 | -€20,168 | -41.8% |
| Fixed assets | 21/28 | €3,735 | €3,668 | -€67 | -1.8% |
| Tangible fixed assets | 22/27 | €2,235 | €1,618 | -€617 | -27.6% |
| Furniture and vehicles | 24 | €2,235 | €1,618 | -€617 | -27.6% |
| Financial fixed assets | 28 | €1,500 | €2,050 | +€550 | +36.7% |
| Current assets | 29/58 | €44,536 | €24,435 | -€20,101 | -45.1% |
| Stocks and contracts in progress | 3 | €23,062 | €18,872 | -€4,190 | -18.2% |
| Stocks | 30/36 | €23,062 | €18,872 | -€4,190 | -18.2% |
| Amounts receivable within one year | 40/41 | €11,936 | €1,513 | -€10,422 | -87.3% |
| Trade receivables | 40 | €6,487 | €1,064 | -€5,422 | -83.6% |
| Other amounts receivable | 41 | €5,449 | €449 | -€5,000 | -91.8% |
| Cash at bank and in hand | 54/58 | €9,538 | €4,049 | -€5,489 | -57.5% |
| Total equity and liabilities | 10/49 | €48,270 | €28,102 | -€20,168 | -41.8% |
| Equity | 10/15 | €21,286 | €4,758 | -€16,528 | -77.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €571 | €571 | = | 0.0% |
| Non-distributable reserves | 130/1 | €571 | €571 | = | 0.0% |
| Reserves not available under the articles | 1311 | €571 | €571 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,115 | -€14,413 | -€16,528 | |
| Amounts payable | 17/49 | €26,985 | €23,344 | -€3,640 | -13.5% |
| Amounts payable within one year | 42/48 | €26,985 | €23,344 | -€3,640 | -13.5% |
| Trade debts | 44 | €6,825 | €13,422 | +€6,597 | +96.7% |
| Suppliers | 440/4 | €6,825 | €13,422 | +€6,597 | +96.7% |
| Taxes, remuneration and social security | 45 | €20,159 | €9,557 | -€10,602 | -52.6% |
| Taxes | 450/3 | €2,372 | €5,300 | +€2,928 | +123.5% |
| Remuneration and social security | 454/9 | €17,788 | €4,258 | -€13,530 | -76.1% |
| Other amounts payable | 47/48 | - | €365 | +€365 | |
| Turnover | 70 | €312,463 | €345,492 | +€33,029 | +10.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €294,901 | €346,360 | +€51,458 | +17.4% |
| Remuneration, social security and pensions | 62 | €7,857 | €12,737 | +€4,880 | +62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233 | €617 | +€384 | +164.5% |
| Other operating charges | 640/8 | €3,463 | €1,162 | -€2,301 | -66.4% |
| Gross operating margin | 9900 | €18,762 | €335 | -€18,427 | -98.2% |
| Operating profit (loss) | 9901 | €7,208 | -€14,181 | -€21,389 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €351 | €2,347 | +€1,996 | +568.8% |
| Recurring financial charges | 65 | €351 | €2,347 | +€1,996 | +568.8% |
| Profit (loss) for the period before taxes | 9903 | €6,858 | -€16,528 | -€23,385 | |
| Profit (loss) for the period | 9904 | €6,858 | -€16,528 | -€23,385 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,858 | -€16,528 | -€23,385 |
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 9 October 2026 via checked.be.