NEW BAM: 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.
NEW BAM
Largest movements
- Cash +€600,766
up €600,766 (+269%), from €223,183 to €823,948
mainly Current investments (+€350,000) and Depreciation (+€326,434)
- Current investments -€350,000
down €350,000 (-100%), from €350,000 to €0
- Receivables within one year +€96,784
up €96,784 (+69.2%), from €139,942 to €236,726
of which Other amounts receivable: +€61,107
- Tangible fixed assets +€26,573
up €26,573 (+2.5%), from €1.0m to €1.1m
of which Land and buildings: +€257,802
- Revaluation surpluses +€277,591
new in 2025: €277,591
- Reserves +€114,164
up €114,164 (+6.8%), from €1.7m to €1.8m
- Gross operating margin -€130,742
down €130,742 (-18.5%), from €707,286 to €576,544
- Staff costs -€63,164
down €63,164 (-60.3%), from €104,679 to €41,515
- Taxes -€27,347
down €27,347 (-33.8%), from €80,851 to €53,505
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.
Derived cash bridge
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 | €1,769,677 | €2,163,933 | +€394,256 | +22.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,043,808 | €1,070,381 | +€26,573 | +2.5% |
| Tangible fixed assets | 22/27 | €1,043,808 | €1,070,381 | +€26,573 | +2.5% |
| Land and buildings | 22 | €425,118 | €682,920 | +€257,802 | +60.6% |
| Plant, machinery and equipment | 23 | €2,517 | €1,215 | -€1,303 | -51.8% |
| Furniture and vehicles | 24 | €616,173 | €386,246 | -€229,927 | -37.3% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €725,869 | €1,093,552 | +€367,683 | +50.7% |
| Amounts receivable within one year | 40/41 | €139,942 | €236,726 | +€96,784 | +69.2% |
| Trade receivables | 40 | €102,349 | €138,025 | +€35,676 | +34.9% |
| Other amounts receivable | 41 | €37,593 | €98,700 | +€61,107 | +163% |
| Current investments | 50/53 | €350,000 | €0 | -€350,000 | -100% |
| Cash at bank and in hand | 54/58 | €223,183 | €823,948 | +€600,766 | +269% |
| Deferred charges and accrued income | 490/1 | €12,744 | €32,878 | +€20,134 | +158% |
| Total equity and liabilities | 10/49 | €1,769,677 | €2,163,933 | +€394,256 | +22.3% |
| Equity | 10/15 | €1,696,402 | €2,088,157 | +€391,755 | +23.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €277,591 | +€277,591 | |
| Reserves | 13 | €1,671,402 | €1,785,566 | +€114,164 | +6.8% |
| Distributable reserves | 133 | €1,671,402 | €1,785,566 | +€114,164 | +6.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €73,275 | €75,776 | +€2,501 | +3.4% |
| Amounts payable within one year | 42/48 | €72,419 | €75,776 | +€3,356 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €33,441 | €54,990 | +€21,549 | +64.4% |
| Suppliers | 440/4 | €33,441 | €54,990 | +€21,549 | +64.4% |
| Taxes, remuneration and social security | 45 | €35,050 | €16,094 | -€18,956 | -54.1% |
| Taxes | 450/3 | €18,257 | €10,163 | -€8,094 | -44.3% |
| Remuneration and social security | 454/9 | €16,793 | €5,931 | -€10,861 | -64.7% |
| Other amounts payable | 47/48 | €3,929 | €4,692 | +€763 | +19.4% |
| Accrued charges and deferred income | 492/3 | €856 | €0 | -€856 | -100% |
| Non-recurring operating income | 76A | €118,035 | €40,173 | -€77,862 | -66.0% |
| Remuneration, social security and pensions | 62 | €104,679 | €41,515 | -€63,164 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319,653 | €326,434 | +€6,781 | +2.1% |
| Other operating charges | 640/8 | €34,463 | €37,784 | +€3,321 | +9.6% |
| Non-recurring operating charges | 66A | €0 | €6,017 | +€6,017 | |
| Gross operating margin | 9900 | €707,286 | €576,544 | -€130,742 | -18.5% |
| Operating profit (loss) | 9901 | €248,491 | €164,794 | -€83,696 | -33.7% |
| Financial income | 75/76B | €8,649 | €6,127 | -€2,522 | -29.2% |
| Recurring financial income | 75 | €8,649 | €6,127 | -€2,522 | -29.2% |
| Financial charges | 65/66B | €3,790 | €3,253 | -€538 | -14.2% |
| Recurring financial charges | 65 | €3,790 | €3,253 | -€538 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €253,349 | €167,669 | -€85,680 | -33.8% |
| Income taxes | 67/77 | €80,851 | €53,505 | -€27,347 | -33.8% |
| Profit (loss) for the period | 9904 | €172,497 | €114,164 | -€58,334 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €172,497 | €114,164 | -€58,334 | -33.8% |
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 19 October 2026 via checked.be.