BUMU: 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.
BUMU
Largest movements
- Current investments +€109,566
up €109,566 (+41.6%), from €263,421 to €372,988
- Cash -€92,747
down €92,747 (-80.0%), from €115,998 to €23,250
mainly Contributions, distributions and other (-€175,000) and Current investments (-€109,566)
- Accrued charges and deferred income +€9,404
up €9,404 (+67.6%), from €13,917 to €23,322
- Tax, wage and social debts +€6,080
up €6,080 (+18.9%), from €32,149 to €38,229
- Gross operating margin +€14,719
up €14,719 (+6.5%), from €226,580 to €241,299
- Taxes -€8,314
down €8,314 (-12.3%), from €67,841 to €59,526
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 | €412,983 | €431,335 | +€18,352 | +4.4% |
| Fixed assets | 21/28 | €11,341 | €8,950 | -€2,391 | -21.1% |
| Tangible fixed assets | 22/27 | €11,341 | €8,950 | -€2,391 | -21.1% |
| Plant, machinery and equipment | 23 | €7,587 | €6,555 | -€1,033 | -13.6% |
| Furniture and vehicles | 24 | €3,754 | €2,395 | -€1,359 | -36.2% |
| Current assets | 29/58 | €401,642 | €422,386 | +€20,744 | +5.2% |
| Amounts receivable within one year | 40/41 | €22,120 | €26,148 | +€4,027 | +18.2% |
| Trade receivables | 40 | €20,706 | €25,623 | +€4,917 | +23.7% |
| Other amounts receivable | 41 | €1,414 | €524 | -€890 | -62.9% |
| Current investments | 50/53 | €263,421 | €372,988 | +€109,566 | +41.6% |
| Cash at bank and in hand | 54/58 | €115,998 | €23,250 | -€92,747 | -80.0% |
| Deferred charges and accrued income | 490/1 | €103 | - | -€103 | |
| Total equity and liabilities | 10/49 | €412,983 | €431,335 | +€18,352 | +4.4% |
| Equity | 10/15 | €365,720 | €365,515 | -€205 | -0.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €363,220 | €363,220 | = | 0.0% |
| Distributable reserves | 133 | €363,220 | €363,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€205 | -€205 | |
| Amounts payable | 17/49 | €47,263 | €65,821 | +€18,558 | +39.3% |
| Amounts payable within one year | 42/48 | €33,346 | €42,499 | +€9,153 | +27.4% |
| Trade debts | 44 | €1,197 | €4,270 | +€3,073 | +256.8% |
| Suppliers | 440/4 | €1,197 | €4,270 | +€3,073 | +256.8% |
| Taxes, remuneration and social security | 45 | €32,149 | €38,229 | +€6,080 | +18.9% |
| Taxes | 450/3 | €32,149 | €38,229 | +€6,080 | +18.9% |
| Accrued charges and deferred income | 492/3 | €13,917 | €23,322 | +€9,404 | +67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,664 | €4,268 | +€603 | +16.5% |
| Other operating charges | 640/8 | - | €809 | +€809 | |
| Operating charges capitalised as restructuring costs | 649 | -€160 | - | +€160 | |
| Gross operating margin | 9900 | €226,580 | €241,299 | +€14,719 | +6.5% |
| Operating profit (loss) | 9901 | €223,076 | €236,223 | +€13,147 | +5.9% |
| Financial income | 75/76B | €1,640 | €407 | -€1,233 | -75.2% |
| Recurring financial income | 75 | €1,640 | €407 | -€1,233 | -75.2% |
| Financial charges | 65/66B | €1,954 | €2,309 | +€355 | +18.2% |
| Recurring financial charges | 65 | €1,954 | €2,309 | +€355 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €222,762 | €234,321 | +€11,559 | +5.2% |
| Income taxes | 67/77 | €67,841 | €59,526 | -€8,314 | -12.3% |
| Profit (loss) for the period | 9904 | €154,921 | €174,795 | +€19,874 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €154,921 | €174,795 | +€19,874 | +12.8% |
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 10 October 2026 via checked.be.