BUMAS: what changed
What changed
BUMAS
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€45,874
2024 · €21,120+€24,755
Equity
€166,720
2024 · €123,178+€43,541
Cash
€38,675
2024 · €29,946+€8,729
Balance sheet total
€348,921
2024 · €210,047+€138,874
Largest movements
Assets
- Financial fixed assets +€130,000
up €130,000 (+72.2%), from €180,100 to €310,100
- Cash +€8,729
up €8,729 (+29.1%), from €29,946 to €38,675
mainly Debts after one year (+€76,000) and Net result for the year (+€45,874)
Equity and liabilities
- Debts after one year +€76,000
up €76,000 (+130%), from €58,500 to €134,500
- Reserves +€43,541
up €43,541 (+39.3%), from €110,778 to €154,320
- Current portion of long-term debt +€18,000
up €18,000 (+100%), from €18,000 to €36,000
Income statement
- Gross operating margin +€16,382
up €16,382 (+64.9%), from €25,257 to €41,639
- Financial income +€9,973
up €9,973 (+200%), from €4,987 to €14,960
- Taxes +€1,710
up €1,710 (+21.0%), from €8,143 to €9,854
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€21,120
Gross operating margin
+€16,382
Depreciation
+€126
Other operating charges
-€16
Financial income
+€9,973
Taxes
-€1,710
Result 2025
€45,874
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€47,062
Investment
-€130,000
Financing
+€91,667
Cash 2024
€29,946
From operations (derived)
+€47,062
Net result for the year
+€45,874
Receivables within one year
-€145
Trade debts
+€1,902
Tax, wage and social debts
-€878
Other debts
+€1,474
Accrued charges and deferred income
-€1,166
Investment (derived)
-€130,000
Investment in fixed assets (net)
-€130,000
Financing
+€91,667
Debts after one year
+€76,000
Current portion of long-term debt
+€18,000
Contributions, distributions and other
-€2,333
Cash 2025
€38,675
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,047 | €348,921 | +€138,874 | +66.1% |
| Fixed assets | 21/28 | €180,100 | €310,100 | +€130,000 | +72.2% |
| Financial fixed assets | 28 | €180,100 | €310,100 | +€130,000 | +72.2% |
| Current assets | 29/58 | €29,948 | €38,821 | +€8,874 | +29.6% |
| Amounts receivable within one year | 40/41 | €1 | €146 | +€145 | +12,098% |
| Trade receivables | 40 | €1 | €0 | -€1 | -100% |
| Other amounts receivable | 41 | - | €146 | +€146 | |
| Cash at bank and in hand | 54/58 | €29,946 | €38,675 | +€8,729 | +29.1% |
| Total equity and liabilities | 10/49 | €210,047 | €348,921 | +€138,874 | +66.1% |
| Equity | 10/15 | €123,178 | €166,720 | +€43,541 | +35.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €110,778 | €154,320 | +€43,541 | +39.3% |
| Distributable reserves | 133 | €110,778 | €154,320 | +€43,541 | +39.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €86,869 | €182,202 | +€95,332 | +110% |
| Amounts payable after more than one year | 17 | €58,500 | €134,500 | +€76,000 | +130% |
| Financial debts | 170/4 | €58,500 | €134,500 | +€76,000 | +130% |
| Amounts payable within one year | 42/48 | €27,191 | €47,690 | +€20,499 | +75.4% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €36,000 | +€18,000 | +100% |
| Trade debts | 44 | €1,334 | €3,236 | +€1,902 | +143% |
| Suppliers | 440/4 | €1,334 | €3,236 | +€1,902 | +143% |
| Taxes, remuneration and social security | 45 | €6,998 | €6,121 | -€878 | -12.5% |
| Taxes | 450/3 | €6,998 | €6,121 | -€878 | -12.5% |
| Other amounts payable | 47/48 | €859 | €2,333 | +€1,474 | +172% |
| Accrued charges and deferred income | 492/3 | €1,178 | €12 | -€1,166 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126 | €0 | -€126 | -100% |
| Other operating charges | 640/8 | €667 | €683 | +€16 | +2.4% |
| Gross operating margin | 9900 | €25,257 | €41,639 | +€16,382 | +64.9% |
| Operating profit (loss) | 9901 | €24,464 | €40,956 | +€16,492 | +67.4% |
| Financial income | 75/76B | €4,987 | €14,960 | +€9,973 | +200% |
| Recurring financial income | 75 | €4,987 | €14,960 | +€9,973 | +200% |
| Financial charges | 65/66B | €188 | €188 | = | 0.0% |
| Recurring financial charges | 65 | €188 | €188 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €29,263 | €55,728 | +€26,465 | +90.4% |
| Income taxes | 67/77 | €8,143 | €9,854 | +€1,710 | +21.0% |
| Profit (loss) for the period | 9904 | €21,120 | €45,874 | +€24,755 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €21,120 | €45,874 | +€24,755 | +117% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.