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
- Cash -€34,990
down €34,990 (-56.2%), from €62,259 to €27,269
mainly Investment in fixed assets (net) (-€38,917) and Debts after one year (-€15,611)
- Tangible fixed assets +€20,051
up €20,051 (+5.4%), from €372,396 to €392,447
of which Land and buildings: +€18,919
- Debts after one year -€15,611
down €15,611 (-59.6%), from €26,190 to €10,579
- Reserves +€10,694
up €10,694 (+3.5%), from €306,443 to €317,137
- Trade debts -€10,524
down €10,524 (-96.8%), from €10,869 to €346
- Depreciation +€2,645
up €2,645 (+16.3%), from €16,222 to €18,866
- Taxes -€761
down €761 (-12.3%), from €6,182 to €5,421
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 | €494,288 | €478,927 | -€15,361 | -3.1% |
| Fixed assets | 21/28 | €372,396 | €392,447 | +€20,051 | +5.4% |
| Tangible fixed assets | 22/27 | €372,396 | €392,447 | +€20,051 | +5.4% |
| Land and buildings | 22 | €371,355 | €390,275 | +€18,919 | +5.1% |
| Furniture and vehicles | 24 | €1,041 | €2,172 | +€1,131 | +108.7% |
| Current assets | 29/58 | €121,892 | €86,480 | -€35,412 | -29.1% |
| Amounts receivable within one year | 40/41 | €7,165 | €6,956 | -€209 | -2.9% |
| Trade receivables | 40 | €4,860 | €5,217 | +€357 | +7.4% |
| Other amounts receivable | 41 | €2,305 | €1,739 | -€566 | -24.6% |
| Current investments | 50/53 | €50,460 | €50,671 | +€212 | +0.4% |
| Cash at bank and in hand | 54/58 | €62,259 | €27,269 | -€34,990 | -56.2% |
| Deferred charges and accrued income | 490/1 | €2,008 | €1,584 | -€424 | -21.1% |
| Total equity and liabilities | 10/49 | €494,288 | €478,927 | -€15,361 | -3.1% |
| Equity | 10/15 | €435,757 | €446,451 | +€10,694 | +2.5% |
| Contributions | 10/11 | €129,314 | €129,314 | = | 0.0% |
| Reserves | 13 | €306,443 | €317,137 | +€10,694 | +3.5% |
| Distributable reserves | 133 | €306,443 | €317,137 | +€10,694 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,531 | €32,476 | -€26,055 | -44.5% |
| Amounts payable after more than one year | 17 | €26,190 | €10,579 | -€15,611 | -59.6% |
| Financial debts | 170/4 | €26,190 | €10,579 | -€15,611 | -59.6% |
| Amounts payable within one year | 42/48 | €29,316 | €18,743 | -€10,573 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €15,307 | €15,611 | +€304 | +2.0% |
| Trade debts | 44 | €10,869 | €346 | -€10,524 | -96.8% |
| Suppliers | 440/4 | €10,869 | €346 | -€10,524 | -96.8% |
| Taxes, remuneration and social security | 45 | €1,245 | €1,069 | -€176 | -14.1% |
| Taxes | 450/3 | €1,245 | €1,069 | -€176 | -14.1% |
| Other amounts payable | 47/48 | €1,894 | €1,717 | -€177 | -9.4% |
| Accrued charges and deferred income | 492/3 | €3,026 | €3,154 | +€128 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,222 | €18,866 | +€2,645 | +16.3% |
| Other operating charges | 640/8 | €11,049 | €10,907 | -€141 | -1.3% |
| Gross operating margin | 9900 | €47,418 | €47,233 | -€186 | -0.4% |
| Operating profit (loss) | 9901 | €20,148 | €17,459 | -€2,689 | -13.3% |
| Financial income | 75/76B | €473 | €303 | -€171 | -36.1% |
| Recurring financial income | 75 | €473 | €303 | -€171 | -36.1% |
| Financial charges | 65/66B | €1,155 | €813 | -€342 | -29.6% |
| Recurring financial charges | 65 | €1,155 | €813 | -€342 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €19,466 | €16,948 | -€2,518 | -12.9% |
| Income taxes | 67/77 | €6,182 | €5,421 | -€761 | -12.3% |
| Profit (loss) for the period | 9904 | €13,284 | €11,527 | -€1,757 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,284 | €11,527 | -€1,757 | -13.2% |
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 3 October 2026 via checked.be.