BUM: what changed
Two fiscal 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.
BUM
Largest movements
- Tangible fixed assets +€48,527
up €48,527 (+9456.6%), from €513 to €49,040
- Current investments +€28,000
up €28,000 (+16.8%), from €166,500 to €194,500
- Receivables within one year +€17,059
up €17,059 (+72.1%), from €23,653 to €40,712
of which Trade receivables: +€15,666
- Cash +€8,671
up €8,671 (+31.6%), from €27,433 to €36,104
mainly Net result for the year (+€69,900) and Debts after one year (+€28,915)
- Reserves +€52,183
up €52,183 (+20.3%), from €257,420 to €309,602
of which Distributable reserves: +€52,183
- Debts after one year +€28,915
new in 2025: €28,915
- Tax, wage and social debts +€13,330
up €13,330 (+1230.9%), from €1,083 to €14,413
of which Taxes: +€13,330
- Current portion of long-term debt +€9,322
new in 2025: €9,322
- Gross operating margin +€29,608
up €29,608 (+42.9%), from €69,064 to €98,672
- Taxes +€6,666
up €6,666 (+27.7%), from €24,067 to €30,733
- Financial income -€1,504
down €1,504 (-26.0%), from €5,776 to €4,272
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 | €271,613 | €375,795 | +€104,182 | +38.4% |
| Fixed assets | 21/28 | €513 | €49,040 | +€48,527 | +9456.6% |
| Tangible fixed assets | 22/27 | €513 | €49,040 | +€48,527 | +9456.6% |
| Furniture and vehicles | 24 | €513 | €49,040 | +€48,527 | +9456.6% |
| Current assets | 29/58 | €271,100 | €326,756 | +€55,656 | +20.5% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,653 | €40,712 | +€17,059 | +72.1% |
| Trade receivables | 40 | €0 | €15,666 | +€15,666 | |
| Other amounts receivable | 41 | €23,653 | €25,046 | +€1,394 | +5.9% |
| Current investments | 50/53 | €166,500 | €194,500 | +€28,000 | +16.8% |
| Cash at bank and in hand | 54/58 | €27,433 | €36,104 | +€8,671 | +31.6% |
| Deferred charges and accrued income | 490/1 | €3,514 | €5,440 | +€1,926 | +54.8% |
| Total equity and liabilities | 10/49 | €271,613 | €375,795 | +€104,182 | +38.4% |
| Equity | 10/15 | €269,820 | €322,002 | +€52,183 | +19.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €257,420 | €309,602 | +€52,183 | +20.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €68 | €68 | = | 0.0% |
| Distributable reserves | 133 | €255,491 | €307,674 | +€52,183 | +20.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,793 | €53,793 | +€52,000 | +2899.9% |
| Amounts payable after more than one year | 17 | - | €28,915 | +€28,915 | |
| Financial debts | 170/4 | - | €28,915 | +€28,915 | |
| Amounts payable within one year | 42/48 | €1,793 | €24,878 | +€23,085 | +1287.4% |
| Current portion of amounts payable after more than one year | 42 | - | €9,322 | +€9,322 | |
| Financial debts | 43 | €325 | €542 | +€217 | +66.7% |
| Credit institutions | 430/8 | €325 | €542 | +€217 | +66.7% |
| Trade debts | 44 | €385 | €602 | +€217 | +56.3% |
| Suppliers | 440/4 | €385 | €602 | +€217 | +56.3% |
| Taxes, remuneration and social security | 45 | €1,083 | €14,413 | +€13,330 | +1230.9% |
| Taxes | 450/3 | €1,083 | €14,413 | +€13,330 | +1230.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €14,500 | +€14,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207 | €774 | +€567 | +273.8% |
| Other operating charges | 640/8 | €1,054 | €1,016 | -€38 | -3.6% |
| Gross operating margin | 9900 | €69,064 | €98,672 | +€29,608 | +42.9% |
| Operating profit (loss) | 9901 | €67,803 | €96,881 | +€29,078 | +42.9% |
| Financial income | 75/76B | €5,776 | €4,272 | -€1,504 | -26.0% |
| Recurring financial income | 75 | €5,776 | €4,272 | -€1,504 | -26.0% |
| Financial charges | 65/66B | €241 | €521 | +€280 | +116.4% |
| Recurring financial charges | 65 | €241 | €521 | +€280 | +116.4% |
| Profit (loss) for the period before taxes | 9903 | €73,339 | €100,633 | +€27,294 | +37.2% |
| Income taxes | 67/77 | €24,067 | €30,733 | +€6,666 | +27.7% |
| Profit (loss) for the period | 9904 | €49,271 | €69,900 | +€20,629 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,271 | €69,900 | +€20,629 | +41.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.