It's rust in your cooling system, and it's caused by not changing the coolant regularly. As it's causing you no problems, the cure is simply to flush the system and put in new coolant. If there are any weak points in the system, the flush may cause them to show up, and you may need one or two small repairs. However, that is better than waiting for the weak points to cause overheating and, in turn, bigger bills. Make sure you use BMW coolant.