BEM Experts: 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.
BEM Experts
Largest movements
- Cash -€258,225
down €258,225 (-61.8%), from €417,901 to €159,676
mainly Contributions, distributions and other (-€250,000) and Investment in fixed assets (net) (-€36,307)
- Tangible fixed assets +€17,674
up €17,674 (+24.9%), from €71,027 to €88,701
of which Land and buildings: +€12,138
- Receivables within one year +€11,043
up €11,043 (+10.2%), from €107,839 to €118,882
of which Other amounts receivable: +€18,298
- Reserves -€210,246
no longer reported in 2025 (was €210,246)
- Trade debts +€38,356
up €38,356 (+35.5%), from €108,010 to €146,366
- Profit (loss) carried forward -€27,014
down €27,014 (-16.6%), from €163,166 to €136,152
- Tax, wage and social debts -€23,931
down €23,931 (-32.7%), from €73,146 to €49,215
of which Taxes: -€16,088
- Gross operating margin -€175,482
down €175,482 (-51.6%), from €340,333 to €164,851
- Taxes -€51,282
down €51,282 (-84.5%), from €60,684 to €9,402
- Staff costs +€25,796
up €25,796 (+27.0%), from €95,500 to €121,296
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 | €598,212 | €372,393 | -€225,819 | -37.7% |
| Fixed assets | 21/28 | €71,027 | €88,701 | +€17,674 | +24.9% |
| Tangible fixed assets | 22/27 | €71,027 | €88,701 | +€17,674 | +24.9% |
| Land and buildings | 22 | €57,897 | €70,034 | +€12,138 | +21.0% |
| Plant, machinery and equipment | 23 | €3,461 | €798 | -€2,662 | -76.9% |
| Furniture and vehicles | 24 | €9,669 | €17,868 | +€8,199 | +84.8% |
| Current assets | 29/58 | €527,185 | €283,692 | -€243,493 | -46.2% |
| Amounts receivable within one year | 40/41 | €107,839 | €118,882 | +€11,043 | +10.2% |
| Trade receivables | 40 | €107,498 | €100,243 | -€7,255 | -6.7% |
| Other amounts receivable | 41 | €341 | €18,639 | +€18,298 | +5363.3% |
| Cash at bank and in hand | 54/58 | €417,901 | €159,676 | -€258,225 | -61.8% |
| Deferred charges and accrued income | 490/1 | €1,445 | €5,134 | +€3,689 | +255.2% |
| Total equity and liabilities | 10/49 | €598,212 | €372,393 | -€225,819 | -37.7% |
| Equity | 10/15 | €374,072 | €136,812 | -€237,260 | -63.4% |
| Contributions | 10/11 | €660 | €660 | = | 0.0% |
| Reserves | 13 | €210,246 | - | -€210,246 | |
| Distributable reserves | 133 | €210,246 | - | -€210,246 | |
| Profit (loss) carried forward | 14 | €163,166 | €136,152 | -€27,014 | -16.6% |
| Amounts payable | 17/49 | €224,140 | €235,581 | +€11,441 | +5.1% |
| Amounts payable within one year | 42/48 | €224,140 | €235,581 | +€11,441 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €1,254 | - | -€1,254 | |
| Trade debts | 44 | €108,010 | €146,366 | +€38,356 | +35.5% |
| Suppliers | 440/4 | €108,010 | €146,366 | +€38,356 | +35.5% |
| Advances received on contracts in progress | 46 | €40,000 | €40,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €73,146 | €49,215 | -€23,931 | -32.7% |
| Taxes | 450/3 | €56,771 | €40,684 | -€16,088 | -28.3% |
| Remuneration and social security | 454/9 | €16,374 | €8,531 | -€7,843 | -47.9% |
| Other amounts payable | 47/48 | €1,730 | - | -€1,730 | |
| Remuneration, social security and pensions | 62 | €95,500 | €121,296 | +€25,796 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,966 | €18,633 | +€667 | +3.7% |
| Other operating charges | 640/8 | €2,422 | €2,471 | +€50 | +2.0% |
| Gross operating margin | 9900 | €340,333 | €164,851 | -€175,482 | -51.6% |
| Operating profit (loss) | 9901 | €224,445 | €22,451 | -€201,994 | -90.0% |
| Financial income | 75/76B | €4 | €1 | -€4 | -84.5% |
| Recurring financial income | 75 | €4 | €1 | -€4 | -84.5% |
| Financial charges | 65/66B | €600 | €309 | -€291 | -48.5% |
| Recurring financial charges | 65 | €600 | €309 | -€291 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €223,849 | €22,142 | -€201,707 | -90.1% |
| Income taxes | 67/77 | €60,684 | €9,402 | -€51,282 | -84.5% |
| Profit (loss) for the period | 9904 | €163,166 | €12,740 | -€150,426 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €163,166 | €12,740 | -€150,426 | -92.2% |
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 29 September 2026 via checked.be.