BEMA: 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.
BEMA
Largest movements
- Deferred charges and accrued income +€4,653
up €4,653 (+1044.5%), from €446 to €5,099
- Receivables within one year -€4,205
down €4,205 (-49.6%), from €8,470 to €4,266
of which Other amounts receivable: -€3,221
- Tangible fixed assets +€3,544
up €3,544 (+68.3%), from €5,185 to €8,728
of which Plant, machinery and equipment: +€3,813
- Cash +€3,144
up €3,144 (+22.9%), from €13,728 to €16,872
mainly Net result for the year (+€14,556) and Receivables within one year (+€4,205)
- Current investments -€2,108
down €2,108 (-44.7%), from €4,715 to €2,607
- Profit (loss) carried forward +€14,556
up €14,556 (+42.6%), from -€34,157 to -€19,600
- Other debts -€14,000
down €14,000 (-36.1%), from €38,809 to €24,809
- Trade debts +€3,326
up €3,326 (+28.7%), from €11,572 to €14,898
- Tax, wage and social debts +€1,371
new in 2025: €1,371
- Debts after one year -€1,026
down €1,026 (-53.2%), from €1,930 to €904
- Gross operating margin -€25,933
down €25,933 (-58.5%), from €44,343 to €18,411
- Depreciation +€972
up €972 (+186.3%), from €522 to €1,494
- Other operating charges -€717
down €717 (-51.4%), from €1,395 to €679
- Financial charges +€499
up €499 (+53.2%), from €939 to €1,438
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 | €39,572 | €43,859 | +€4,286 | +10.8% |
| Fixed assets | 21/28 | €5,365 | €8,908 | +€3,544 | +66.1% |
| Tangible fixed assets | 22/27 | €5,185 | €8,728 | +€3,544 | +68.3% |
| Plant, machinery and equipment | 23 | €4,520 | €8,333 | +€3,813 | +84.4% |
| Furniture and vehicles | 24 | €664 | €395 | -€269 | -40.6% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €34,208 | €34,950 | +€743 | +2.2% |
| Stocks and contracts in progress | 3 | €6,848 | €6,106 | -€742 | -10.8% |
| Stocks | 30/36 | €6,848 | €6,106 | -€742 | -10.8% |
| Amounts receivable within one year | 40/41 | €8,470 | €4,266 | -€4,205 | -49.6% |
| Trade receivables | 40 | €1,436 | €452 | -€984 | -68.5% |
| Other amounts receivable | 41 | €7,035 | €3,814 | -€3,221 | -45.8% |
| Current investments | 50/53 | €4,715 | €2,607 | -€2,108 | -44.7% |
| Cash at bank and in hand | 54/58 | €13,728 | €16,872 | +€3,144 | +22.9% |
| Deferred charges and accrued income | 490/1 | €446 | €5,099 | +€4,653 | +1044.5% |
| Total equity and liabilities | 10/49 | €39,572 | €43,859 | +€4,286 | +10.8% |
| Equity | 10/15 | -€13,706 | €851 | +€14,556 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,157 | -€19,600 | +€14,556 | +42.6% |
| Amounts payable | 17/49 | €53,278 | €43,008 | -€10,270 | -19.3% |
| Amounts payable after more than one year | 17 | €1,930 | €904 | -€1,026 | -53.2% |
| Financial debts | 170/4 | €1,930 | €904 | -€1,026 | -53.2% |
| Amounts payable within one year | 42/48 | €51,348 | €42,104 | -€9,244 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €966 | €1,026 | +€60 | +6.2% |
| Trade debts | 44 | €11,572 | €14,898 | +€3,326 | +28.7% |
| Suppliers | 440/4 | €11,572 | €14,898 | +€3,326 | +28.7% |
| Taxes, remuneration and social security | 45 | - | €1,371 | +€1,371 | |
| Taxes | 450/3 | - | €1,371 | +€1,371 | |
| Other amounts payable | 47/48 | €38,809 | €24,809 | -€14,000 | -36.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €522 | €1,494 | +€972 | +186.3% |
| Other operating charges | 640/8 | €1,395 | €679 | -€717 | -51.4% |
| Gross operating margin | 9900 | €44,343 | €18,411 | -€25,933 | -58.5% |
| Operating profit (loss) | 9901 | €42,426 | €16,237 | -€26,189 | -61.7% |
| Financial income | 75/76B | €69 | €11 | -€57 | -83.7% |
| Recurring financial income | 75 | €69 | €11 | -€57 | -83.7% |
| Financial charges | 65/66B | €939 | €1,438 | +€499 | +53.2% |
| Recurring financial charges | 65 | €939 | €1,438 | +€499 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €41,556 | €14,811 | -€26,745 | -64.4% |
| Income taxes | 67/77 | €130 | €255 | +€124 | +95.5% |
| Profit (loss) for the period | 9904 | €41,426 | €14,556 | -€26,869 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,426 | €14,556 | -€26,869 | -64.9% |
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 2 October 2026 via checked.be.