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
- Cash +€34,110
up €34,110 (+18.7%), from €181,923 to €216,033
mainly Net result for the year (+€76,586) and Depreciation (+€17,244)
- Receivables within one year -€14,691
down €14,691 (-8.7%), from €169,309 to €154,619
of which Other amounts receivable: -€7,973
- Tangible fixed assets -€8,244
down €8,244 (-7.2%), from €115,260 to €107,015
of which Land and buildings: -€6,165
- Deferred charges and accrued income -€8,040
down €8,040 (-33.7%), from €23,840 to €15,800
- Contributions -€85,124
down €85,124 (-64.0%), from €133,000 to €47,876
- Reserves +€76,586
up €76,586 (+20.6%), from €370,981 to €447,567
of which Distributable reserves: +€76,586
- Trade debts +€13,771
up €13,771 (+33.1%), from €41,661 to €55,432
- Gross operating margin +€59,299
up €59,299 (+38.6%), from €153,526 to €212,825
- Taxes +€19,979
up €19,979 (+167%), from €11,948 to €31,927
- Staff costs -€11,132
down €11,132 (-12.9%), from €86,048 to €74,916
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 | €558,841 | €562,308 | +€3,467 | +0.6% |
| Fixed assets | 21/28 | €118,295 | €111,050 | -€7,244 | -6.1% |
| Tangible fixed assets | 22/27 | €115,260 | €107,015 | -€8,244 | -7.2% |
| Land and buildings | 22 | €85,112 | €78,947 | -€6,165 | -7.2% |
| Plant, machinery and equipment | 23 | €19,427 | €21,480 | +€2,053 | +10.6% |
| Furniture and vehicles | 24 | €10,721 | €6,588 | -€4,133 | -38.5% |
| Financial fixed assets | 28 | €3,035 | €4,035 | +€1,000 | +32.9% |
| Current assets | 29/58 | €440,547 | €451,258 | +€10,711 | +2.4% |
| Stocks and contracts in progress | 3 | €65,475 | €64,807 | -€668 | -1.0% |
| Stocks | 30/36 | €65,475 | €64,807 | -€668 | -1.0% |
| Amounts receivable within one year | 40/41 | €169,309 | €154,619 | -€14,691 | -8.7% |
| Trade receivables | 40 | €149,645 | €142,927 | -€6,718 | -4.5% |
| Other amounts receivable | 41 | €19,665 | €11,692 | -€7,973 | -40.5% |
| Cash at bank and in hand | 54/58 | €181,923 | €216,033 | +€34,110 | +18.7% |
| Deferred charges and accrued income | 490/1 | €23,840 | €15,800 | -€8,040 | -33.7% |
| Total equity and liabilities | 10/49 | €558,841 | €562,308 | +€3,467 | +0.6% |
| Equity | 10/15 | €503,981 | €495,443 | -€8,538 | -1.7% |
| Contributions | 10/11 | €133,000 | €47,876 | -€85,124 | -64.0% |
| Reserves | 13 | €370,981 | €447,567 | +€76,586 | +20.6% |
| Tax-exempt reserves | 132 | €95,500 | €95,500 | = | 0.0% |
| Distributable reserves | 133 | €275,481 | €352,067 | +€76,586 | +27.8% |
| Amounts payable | 17/49 | €54,860 | €66,865 | +€12,005 | +21.9% |
| Amounts payable within one year | 42/48 | €51,170 | €66,865 | +€15,696 | +30.7% |
| Trade debts | 44 | €41,661 | €55,432 | +€13,771 | +33.1% |
| Suppliers | 440/4 | €41,661 | €55,432 | +€13,771 | +33.1% |
| Taxes, remuneration and social security | 45 | €9,257 | €11,269 | +€2,012 | +21.7% |
| Taxes | 450/3 | €448 | €2,808 | +€2,361 | +527% |
| Remuneration and social security | 454/9 | €8,809 | €8,461 | -€348 | -4.0% |
| Other amounts payable | 47/48 | €251 | €163 | -€88 | -35.0% |
| Accrued charges and deferred income | 492/3 | €3,690 | - | -€3,690 | |
| Non-recurring operating income | 76A | - | €16,000 | +€16,000 | |
| Remuneration, social security and pensions | 62 | €86,048 | €74,916 | -€11,132 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,132 | €17,244 | -€888 | -4.9% |
| Other operating charges | 640/8 | €9,458 | €10,255 | +€796 | +8.4% |
| Gross operating margin | 9900 | €153,526 | €212,825 | +€59,299 | +38.6% |
| Operating profit (loss) | 9901 | €39,888 | €110,410 | +€70,522 | +177% |
| Financial income | 75/76B | €837 | €215 | -€622 | -74.3% |
| Recurring financial income | 75 | €837 | €215 | -€622 | -74.3% |
| Financial charges | 65/66B | €1,065 | €2,113 | +€1,048 | +98.4% |
| Recurring financial charges | 65 | €1,065 | €2,113 | +€1,048 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €39,659 | €108,512 | +€68,853 | +174% |
| Income taxes | 67/77 | €11,948 | €31,927 | +€19,979 | +167% |
| Profit (loss) for the period | 9904 | €27,712 | €76,586 | +€48,874 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €27,712 | €76,586 | +€48,874 | +176% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.