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 +€33,076
up €33,076 (+52.3%), from €63,249 to €96,325
of which Other amounts receivable: +€37,839
- Cash +€7,109
up €7,109 (+2.7%), from €262,306 to €269,415
mainly Net result for the year (+€43,630) and Other debts (+€5,401)
- Reserves +€43,630
up €43,630 (+14.7%), from €296,051 to €339,681
of which Distributable reserves: +€43,630
- Trade debts -€5,964
down €5,964 (-86.4%), from €6,906 to €942
- Other debts +€5,401
up €5,401 (+52.7%), from €10,243 to €15,645
- Gross operating margin -€12,493
down €12,493 (-16.3%), from €76,511 to €64,018
- Taxes -€3,850
down €3,850 (-15.6%), from €24,637 to €20,788
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 | €325,555 | €367,478 | +€41,923 | +12.9% |
| Fixed assets | 21/28 | - | €1,737 | +€1,737 | |
| Tangible fixed assets | 22/27 | - | €1,737 | +€1,737 | |
| Furniture and vehicles | 24 | - | €1,737 | +€1,737 | |
| Current assets | 29/58 | €325,555 | €365,740 | +€40,185 | +12.3% |
| Amounts receivable within one year | 40/41 | €63,249 | €96,325 | +€33,076 | +52.3% |
| Trade receivables | 40 | €15,355 | €10,591 | -€4,763 | -31.0% |
| Other amounts receivable | 41 | €47,894 | €85,734 | +€37,839 | +79.0% |
| Cash at bank and in hand | 54/58 | €262,306 | €269,415 | +€7,109 | +2.7% |
| Total equity and liabilities | 10/49 | €325,555 | €367,478 | +€41,923 | +12.9% |
| Equity | 10/15 | €302,251 | €345,881 | +€43,630 | +14.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €296,051 | €339,681 | +€43,630 | +14.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €294,191 | €337,821 | +€43,630 | +14.8% |
| Amounts payable | 17/49 | €23,303 | €21,596 | -€1,707 | -7.3% |
| Amounts payable within one year | 42/48 | €23,303 | €21,596 | -€1,707 | -7.3% |
| Trade debts | 44 | €6,906 | €942 | -€5,964 | -86.4% |
| Suppliers | 440/4 | €6,906 | €942 | -€5,964 | -86.4% |
| Taxes, remuneration and social security | 45 | €6,155 | €5,010 | -€1,145 | -18.6% |
| Taxes | 450/3 | €6,155 | €5,010 | -€1,145 | -18.6% |
| Other amounts payable | 47/48 | €10,243 | €15,645 | +€5,401 | +52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €334 | +€334 | |
| Other operating charges | 640/8 | €188 | €608 | +€419 | +223% |
| Gross operating margin | 9900 | €76,511 | €64,018 | -€12,493 | -16.3% |
| Operating profit (loss) | 9901 | €76,323 | €63,076 | -€13,246 | -17.4% |
| Financial income | 75/76B | €1,106 | €1,501 | +€394 | +35.6% |
| Recurring financial income | 75 | €1,106 | €1,501 | +€394 | +35.6% |
| Financial charges | 65/66B | €141 | €160 | +€19 | +13.6% |
| Recurring financial charges | 65 | €141 | €160 | +€19 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €77,288 | €64,417 | -€12,871 | -16.7% |
| Income taxes | 67/77 | €24,637 | €20,788 | -€3,850 | -15.6% |
| Profit (loss) for the period | 9904 | €52,651 | €43,630 | -€9,021 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,651 | €43,630 | -€9,021 | -17.1% |
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 16 October 2026 via checked.be.