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 +€191,211
up €191,211 (+28.6%), from €667,585 to €858,796
of which Other amounts receivable: +€116,194
- Cash -€19,245
down €19,245 (-98.7%), from €19,490 to €245
mainly Receivables within one year (-€191,211) and Contributions, distributions and other (-€100,000)
- Stocks and contracts -€13,061
down €13,061 (-23.8%), from €54,856 to €41,795
- Reserves -€89,959
down €89,959 (-28.8%), from €311,903 to €221,944
- Trade debts +€86,051
up €86,051 (+79.6%), from €108,061 to €194,112
- Advances received +€72,895
up €72,895 (+86.1%), from €84,645 to €157,540
- Other debts +€52,140
up €52,140 (+74.7%), from €69,832 to €121,972
- Short-term financial debts +€50,000
up €50,000 (+208%), from €24,000 to €74,000
- Gross operating margin -€69,859
down €69,859 (-60.3%), from €115,867 to €46,008
- Taxes -€17,886
down €17,886 (-64.5%), from €27,748 to €9,862
- Financial charges -€3,704
down €3,704 (-19.6%), from €18,905 to €15,200
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 | €756,181 | €910,444 | +€154,263 | +20.4% |
| Fixed assets | 21/28 | €11,182 | €6,921 | -€4,261 | -38.1% |
| Tangible fixed assets | 22/27 | €11,182 | €6,921 | -€4,261 | -38.1% |
| Plant, machinery and equipment | 23 | €5,118 | €2,430 | -€2,688 | -52.5% |
| Furniture and vehicles | 24 | €6,064 | €4,491 | -€1,573 | -25.9% |
| Current assets | 29/58 | €744,999 | €903,523 | +€158,524 | +21.3% |
| Stocks and contracts in progress | 3 | €54,856 | €41,795 | -€13,061 | -23.8% |
| Stocks | 30/36 | €54,856 | €41,795 | -€13,061 | -23.8% |
| Amounts receivable within one year | 40/41 | €667,585 | €858,796 | +€191,211 | +28.6% |
| Trade receivables | 40 | €28,021 | €103,039 | +€75,018 | +268% |
| Other amounts receivable | 41 | €639,564 | €755,758 | +€116,194 | +18.2% |
| Cash at bank and in hand | 54/58 | €19,490 | €245 | -€19,245 | -98.7% |
| Deferred charges and accrued income | 490/1 | €3,068 | €2,687 | -€381 | -12.4% |
| Total equity and liabilities | 10/49 | €756,181 | €910,444 | +€154,263 | +20.4% |
| Equity | 10/15 | €318,103 | €228,144 | -€89,959 | -28.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €311,903 | €221,944 | -€89,959 | -28.8% |
| Distributable reserves | 133 | €311,903 | €221,944 | -€89,959 | -28.8% |
| Amounts payable | 17/49 | €438,078 | €682,300 | +€244,222 | +55.7% |
| Amounts payable after more than one year | 17 | €47,495 | €22,126 | -€25,369 | -53.4% |
| Financial debts | 170/4 | €47,495 | €22,126 | -€25,369 | -53.4% |
| Amounts payable within one year | 42/48 | €390,089 | €660,174 | +€270,085 | +69.2% |
| Current portion of amounts payable after more than one year | 42 | €24,140 | €25,369 | +€1,230 | +5.1% |
| Financial debts | 43 | €24,000 | €74,000 | +€50,000 | +208% |
| Credit institutions | 430/8 | €24,000 | €74,000 | +€50,000 | +208% |
| Trade debts | 44 | €108,061 | €194,112 | +€86,051 | +79.6% |
| Suppliers | 440/4 | €108,061 | €194,112 | +€86,051 | +79.6% |
| Advances received on contracts in progress | 46 | €84,645 | €157,540 | +€72,895 | +86.1% |
| Taxes, remuneration and social security | 45 | €79,412 | €87,181 | +€7,770 | +9.8% |
| Taxes | 450/3 | €79,412 | €87,181 | +€7,770 | +9.8% |
| Other amounts payable | 47/48 | €69,832 | €121,972 | +€52,140 | +74.7% |
| Accrued charges and deferred income | 492/3 | €494 | - | -€494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,926 | €4,261 | -€665 | -13.5% |
| Other operating charges | 640/8 | €6,072 | €6,705 | +€633 | +10.4% |
| Gross operating margin | 9900 | €115,867 | €46,008 | -€69,859 | -60.3% |
| Operating profit (loss) | 9901 | €104,869 | €35,042 | -€69,828 | -66.6% |
| Financial income | 75/76B | €5 | €61 | +€57 | +1,246% |
| Recurring financial income | 75 | €5 | €61 | +€57 | +1,246% |
| Financial charges | 65/66B | €18,905 | €15,200 | -€3,704 | -19.6% |
| Recurring financial charges | 65 | €18,905 | €15,200 | -€3,704 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €85,969 | €19,903 | -€66,067 | -76.8% |
| Income taxes | 67/77 | €27,748 | €9,862 | -€17,886 | -64.5% |
| Profit (loss) for the period | 9904 | €58,221 | €10,041 | -€48,180 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,221 | €10,041 | -€48,180 | -82.8% |
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 13 October 2026 via checked.be.