BEMA VASTGOED: 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 VASTGOED
Largest movements
- Stocks and contracts +€276,977
up €276,977 (+12.9%), from €2.1m to €2.4m
- Cash -€156,627
down €156,627 (-73.9%), from €212,048 to €55,420
mainly Short-term financial debts (-€917,000) and Stocks and contracts (-€276,977)
- Receivables within one year +€109,815
up €109,815 (+1,954%), from €5,620 to €115,435
of which Other amounts receivable: +€112,194
- Debts after one year +€1.1m
up €1.1m, from €0 to €1.1m
- Short-term financial debts -€917,000
down €917,000 (-40.4%), from €2.3m to €1.4m
- Reserves +€57,181
up €57,181 (+314%), from €18,206 to €75,387
of which Distributable reserves: +€57,181
- Gross operating margin +€220,552
up €220,552, from -€86,742 to €133,810
- Financial charges +€5,516
up €5,516 (+9.9%), from €55,783 to €61,299
- Other operating charges +€3,629
up €3,629 (+64.5%), from €5,630 to €9,259
- Financial income -€1,799
down €1,799 (-95.9%), from €1,875 to €76
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 | €2,365,045 | €2,589,062 | +€224,017 | +9.5% |
| Fixed assets | 21/28 | €8,362 | €2,215 | -€6,147 | -73.5% |
| Tangible fixed assets | 22/27 | €8,362 | €2,215 | -€6,147 | -73.5% |
| Plant, machinery and equipment | 23 | €2,563 | €1,836 | -€727 | -28.4% |
| Furniture and vehicles | 24 | €5,799 | €379 | -€5,420 | -93.5% |
| Current assets | 29/58 | €2,356,683 | €2,586,847 | +€230,164 | +9.8% |
| Stocks and contracts in progress | 3 | €2,139,015 | €2,415,992 | +€276,977 | +12.9% |
| Stocks | 30/36 | €2,139,015 | €2,415,992 | +€276,977 | +12.9% |
| Amounts receivable within one year | 40/41 | €5,620 | €115,435 | +€109,815 | +1,954% |
| Trade receivables | 40 | €3,539 | €1,160 | -€2,379 | -67.2% |
| Other amounts receivable | 41 | €2,082 | €114,275 | +€112,194 | +5,390% |
| Cash at bank and in hand | 54/58 | €212,048 | €55,420 | -€156,627 | -73.9% |
| Total equity and liabilities | 10/49 | €2,365,045 | €2,589,062 | +€224,017 | +9.5% |
| Equity | 10/15 | €68,206 | €125,387 | +€57,181 | +83.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €18,206 | €75,387 | +€57,181 | +314% |
| Non-distributable reserves | 130/1 | €1,432 | €1,432 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,432 | €1,432 | = | 0.0% |
| Distributable reserves | 133 | €16,774 | €73,955 | +€57,181 | +341% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,296,839 | €2,463,675 | +€166,836 | +7.3% |
| Amounts payable after more than one year | 17 | €0 | €1,090,000 | +€1.1m | |
| Financial debts | 170/4 | €0 | €1,090,000 | +€1.1m | |
| Amounts payable within one year | 42/48 | €2,296,839 | €1,372,676 | -€924,162 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €951 | €0 | -€951 | -100% |
| Financial debts | 43 | €2,270,000 | €1,353,000 | -€917,000 | -40.4% |
| Credit institutions | 430/8 | €2,270,000 | €1,353,000 | -€917,000 | -40.4% |
| Trade debts | 44 | €14,778 | €296 | -€14,482 | -98.0% |
| Suppliers | 440/4 | €14,778 | €296 | -€14,482 | -98.0% |
| Taxes, remuneration and social security | 45 | €500 | €2,300 | +€1,800 | +360% |
| Taxes | 450/3 | €500 | €500 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €10,611 | €17,081 | +€6,470 | +61.0% |
| Accrued charges and deferred income | 492/3 | €0 | €998 | +€998 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,147 | €6,147 | -€0 | 0.0% |
| Other operating charges | 640/8 | €5,630 | €9,259 | +€3,629 | +64.5% |
| Gross operating margin | 9900 | -€86,742 | €133,810 | +€220,552 | |
| Operating profit (loss) | 9901 | -€98,518 | €118,405 | +€216,923 | |
| Financial income | 75/76B | €1,875 | €76 | -€1,799 | -95.9% |
| Recurring financial income | 75 | €1,875 | €76 | -€1,799 | -95.9% |
| Financial charges | 65/66B | €55,783 | €61,299 | +€5,516 | +9.9% |
| Recurring financial charges | 65 | €55,783 | €61,299 | +€5,516 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | -€152,426 | €57,181 | +€209,607 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€152,426 | €57,181 | +€209,607 | |
| Profit (loss) for the period to be appropriated | 9905 | -€152,426 | €57,181 | +€209,607 |
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 24 October 2026 via checked.be.