BEMA: 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.
BEMA
Largest movements
- Receivables within one year +€228,543
up €228,543 (+577%), from €39,628 to €268,171
of which Trade receivables: +€230,097
- Current investments -€149,977
down €149,977 (-51.0%), from €293,861 to €143,884
- Cash +€61,838
up €61,838 (+203%), from €30,524 to €92,362
mainly Net result for the year (+€236,038) and Current investments (+€149,977)
- Trade debts +€81,181
up €81,181 (+2,149%), from €3,777 to €84,958
- Reserves +€73,539
up €73,539 (+7.1%), from €1.0m to €1.1m
of which Distributable reserves: +€73,539
- Debts after one year -€69,070
down €69,070 (-73.6%), from €93,838 to €24,768
- Current portion of long-term debt +€29,145
up €29,145 (+43.8%), from €66,525 to €95,670
- Tax, wage and social debts +€27,124
up €27,124 (+27.5%), from €98,570 to €125,694
of which Remuneration and social security: +€29,691
- Gross operating margin +€151,491
up €151,491 (+37.5%), from €403,493 to €554,984
- Financial income -€123,811
down €123,811 (-96.1%), from €128,806 to €4,995
of which Non-recurring financial income: -€99,125
- Staff costs +€87,704
new in 2025: €87,704
- Taxes -€10,734
down €10,734 (-9.7%), from €111,228 to €100,494
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 | €1,307,658 | €1,451,739 | +€144,081 | +11.0% |
| Fixed assets | 21/28 | €943,645 | €942,019 | -€1,626 | -0.2% |
| Tangible fixed assets | 22/27 | €943,500 | €941,755 | -€1,745 | -0.2% |
| Land and buildings | 22 | €714,754 | €671,580 | -€43,174 | -6.0% |
| Plant, machinery and equipment | 23 | €138,574 | €198,120 | +€59,546 | +43.0% |
| Furniture and vehicles | 24 | €90,172 | €66,705 | -€23,467 | -26.0% |
| Other tangible fixed assets | 26 | - | €5,350 | +€5,350 | |
| Financial fixed assets | 28 | €145 | €264 | +€119 | +82.1% |
| Current assets | 29/58 | €364,013 | €509,720 | +€145,707 | +40.0% |
| Amounts receivable within one year | 40/41 | €39,628 | €268,171 | +€228,543 | +577% |
| Trade receivables | 40 | €38,074 | €268,171 | +€230,097 | +604% |
| Other amounts receivable | 41 | €1,554 | - | -€1,554 | |
| Current investments | 50/53 | €293,861 | €143,884 | -€149,977 | -51.0% |
| Cash at bank and in hand | 54/58 | €30,524 | €92,362 | +€61,838 | +203% |
| Deferred charges and accrued income | 490/1 | - | €5,303 | +€5,303 | |
| Total equity and liabilities | 10/49 | €1,307,658 | €1,451,739 | +€144,081 | +11.0% |
| Equity | 10/15 | €1,037,548 | €1,111,087 | +€73,539 | +7.1% |
| Reserves | 13 | €1,037,548 | €1,111,087 | +€73,539 | +7.1% |
| Non-distributable reserves | 130/1 | €46,191 | €46,191 | = | 0.0% |
| Reserves not available under the articles | 1311 | €46,191 | €46,191 | = | 0.0% |
| Distributable reserves | 133 | €991,357 | €1,064,896 | +€73,539 | +7.4% |
| Amounts payable | 17/49 | €270,110 | €340,652 | +€70,542 | +26.1% |
| Amounts payable after more than one year | 17 | €93,838 | €24,768 | -€69,070 | -73.6% |
| Financial debts | 170/4 | €93,838 | €24,768 | -€69,070 | -73.6% |
| Amounts payable within one year | 42/48 | €168,872 | €308,776 | +€139,904 | +82.8% |
| Current portion of amounts payable after more than one year | 42 | €66,525 | €95,670 | +€29,145 | +43.8% |
| Trade debts | 44 | €3,777 | €84,958 | +€81,181 | +2,149% |
| Suppliers | 440/4 | €3,777 | €84,958 | +€81,181 | +2,149% |
| Taxes, remuneration and social security | 45 | €98,570 | €125,694 | +€27,124 | +27.5% |
| Taxes | 450/3 | €98,570 | €96,003 | -€2,567 | -2.6% |
| Remuneration and social security | 454/9 | - | €29,691 | +€29,691 | |
| Other amounts payable | 47/48 | - | €2,454 | +€2,454 | |
| Accrued charges and deferred income | 492/3 | €7,400 | €7,108 | -€292 | -3.9% |
| Remuneration, social security and pensions | 62 | - | €87,704 | +€87,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,522 | €122,303 | -€4,219 | -3.3% |
| Other operating charges | 640/8 | €8,360 | €7,049 | -€1,311 | -15.7% |
| Gross operating margin | 9900 | €403,493 | €554,984 | +€151,491 | +37.5% |
| Operating profit (loss) | 9901 | €268,611 | €337,928 | +€69,317 | +25.8% |
| Financial income | 75/76B | €128,806 | €4,995 | -€123,811 | -96.1% |
| Recurring financial income | 75 | €29,681 | €4,995 | -€24,686 | -83.2% |
| Non-recurring financial income | 76B | €99,125 | - | -€99,125 | |
| Financial charges | 65/66B | €8,611 | €6,391 | -€2,220 | -25.8% |
| Recurring financial charges | 65 | €8,611 | €6,391 | -€2,220 | -25.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €388,806 | €336,532 | -€52,274 | -13.4% |
| Income taxes | 67/77 | €111,228 | €100,494 | -€10,734 | -9.7% |
| Profit (loss) for the period | 9904 | €277,578 | €236,038 | -€41,540 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €277,578 | €236,038 | -€41,540 | -15.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.