BZM Services: 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.
BZM Services
Largest movements
- Cash +€12,461
up €12,461 (+18.9%), from €65,979 to €78,440
mainly Net result for the year (+€23,213) and Tax, wage and social debts (+€6,211)
- Deferred charges and accrued income -€1,499
down €1,499 (-39.2%), from €3,824 to €2,325
- Tax, wage and social debts +€6,211
up €6,211 (+194.3%), from €3,196 to €9,407
- Other debts +€5,961
up €5,961 (+91.8%), from €6,496 to €12,457
- Gross operating margin +€21,527
up €21,527 (+126.9%), from €16,965 to €38,491
- Taxes +€6,974
up €6,974 (+180.6%), from €3,861 to €10,835
- Depreciation -€887
down €887 (-49.0%), from €1,812 to €924
- Financial charges -€390
down €390 (-14.8%), from €2,631 to €2,240
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 | €86,857 | €97,637 | +€10,780 | +12.4% |
| Fixed assets | 21/28 | €2,289 | €2,459 | +€170 | +7.4% |
| Tangible fixed assets | 22/27 | €2,289 | €2,459 | +€170 | +7.4% |
| Plant, machinery and equipment | 23 | €1,463 | €1,018 | -€445 | -30.4% |
| Furniture and vehicles | 24 | €826 | €366 | -€460 | -55.7% |
| Other tangible fixed assets | 26 | - | €1,075 | +€1,075 | |
| Current assets | 29/58 | €84,568 | €95,178 | +€10,610 | +12.5% |
| Stocks and contracts in progress | 3 | €1,157 | €1,126 | -€31 | -2.6% |
| Stocks | 30/36 | €1,157 | €1,126 | -€31 | -2.6% |
| Amounts receivable within one year | 40/41 | €13,608 | €13,287 | -€321 | -2.4% |
| Trade receivables | 40 | €11,974 | €12,869 | +€894 | +7.5% |
| Other amounts receivable | 41 | €1,634 | €419 | -€1,215 | -74.4% |
| Cash at bank and in hand | 54/58 | €65,979 | €78,440 | +€12,461 | +18.9% |
| Deferred charges and accrued income | 490/1 | €3,824 | €2,325 | -€1,499 | -39.2% |
| Total equity and liabilities | 10/49 | €86,857 | €97,637 | +€10,780 | +12.4% |
| Equity | 10/15 | €73,066 | €72,425 | -€641 | -0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,866 | €66,225 | -€641 | -1.0% |
| Distributable reserves | 133 | €66,866 | €66,225 | -€641 | -1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,791 | €25,212 | +€11,421 | +82.8% |
| Amounts payable within one year | 42/48 | €11,353 | €23,408 | +€12,055 | +106.2% |
| Trade debts | 44 | €1,661 | €1,544 | -€117 | -7.0% |
| Suppliers | 440/4 | €1,661 | €1,544 | -€117 | -7.0% |
| Taxes, remuneration and social security | 45 | €3,196 | €9,407 | +€6,211 | +194.3% |
| Taxes | 450/3 | €3,196 | €9,407 | +€6,211 | +194.3% |
| Other amounts payable | 47/48 | €6,496 | €12,457 | +€5,961 | +91.8% |
| Accrued charges and deferred income | 492/3 | €2,437 | €1,804 | -€634 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,812 | €924 | -€887 | -49.0% |
| Other operating charges | 640/8 | €1,227 | €1,414 | +€186 | +15.2% |
| Non-recurring operating charges | 66A | €476 | €0 | -€476 | -100.0% |
| Gross operating margin | 9900 | €16,965 | €38,491 | +€21,527 | +126.9% |
| Operating profit (loss) | 9901 | €13,450 | €36,154 | +€22,704 | +168.8% |
| Financial income | 75/76B | €174 | €135 | -€39 | -22.5% |
| Recurring financial income | 75 | €174 | €135 | -€39 | -22.5% |
| Financial charges | 65/66B | €2,631 | €2,240 | -€390 | -14.8% |
| Recurring financial charges | 65 | €2,631 | €2,240 | -€390 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €10,993 | €34,048 | +€23,055 | +209.7% |
| Income taxes | 67/77 | €3,861 | €10,835 | +€6,974 | +180.6% |
| Profit (loss) for the period | 9904 | €7,131 | €23,213 | +€16,081 | +225.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,131 | €23,213 | +€16,081 | +225.5% |
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 6 October 2026 via checked.be.