Bemabo: 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.
Bemabo
Largest movements
- Cash +€206,746
up €206,746 (+126%), from €164,204 to €370,949
mainly Other debts (+€340,855) and Net result for the year (+€129,384)
- Deferred charges and accrued income -€41,181
down €41,181 (-88.6%), from €46,457 to €5,276
- Receivables within one year -€25,998
down €25,998 (-29.2%), from €88,882 to €62,884
- Other debts +€340,855
up €340,855 (+102%), from €335,748 to €676,603
- Profit (loss) carried forward -€210,452
down €210,452 (-25.5%), from €825,047 to €614,594
- Tax, wage and social debts +€30,134
up €30,134 (+262%), from €11,508 to €41,643
- Gross operating margin +€45,091
up €45,091 (+18.6%), from €242,436 to €287,526
- Taxes +€33,876
up €33,876 (+127%), from €26,713 to €60,589
- Financial income +€18,156
up €18,156 (+111%), from €16,424 to €34,580
- Depreciation -€6,206
down €6,206 (-6.4%), from €96,902 to €90,696
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 | €2,327,202 | €2,462,072 | +€134,870 | +5.8% |
| Fixed assets | 21/28 | €1,596,018 | €1,584,553 | -€11,465 | -0.7% |
| Tangible fixed assets | 22/27 | €1,596,018 | €1,584,553 | -€11,465 | -0.7% |
| Land and buildings | 22 | €1,594,399 | €1,583,655 | -€10,743 | -0.7% |
| Furniture and vehicles | 24 | €1,619 | €898 | -€722 | -44.6% |
| Current assets | 29/58 | €731,184 | €877,519 | +€146,335 | +20.0% |
| Amounts receivable within one year | 40/41 | €88,882 | €62,884 | -€25,998 | -29.2% |
| Other amounts receivable | 41 | €88,882 | €62,884 | -€25,998 | -29.2% |
| Current investments | 50/53 | €431,642 | €438,410 | +€6,768 | +1.6% |
| Cash at bank and in hand | 54/58 | €164,204 | €370,949 | +€206,746 | +126% |
| Deferred charges and accrued income | 490/1 | €46,457 | €5,276 | -€41,181 | -88.6% |
| Total equity and liabilities | 10/49 | €2,327,202 | €2,462,072 | +€134,870 | +5.8% |
| Equity | 10/15 | €1,858,283 | €1,631,669 | -€226,614 | -12.2% |
| Contributions | 10/11 | €401,588 | €401,588 | = | 0.0% |
| Capital | 10 | €401,588 | €401,588 | = | 0.0% |
| Issued capital | 100 | €401,588 | €401,588 | = | 0.0% |
| Reserves | 13 | €631,649 | €615,487 | -€16,161 | -2.6% |
| Non-distributable reserves | 130/1 | €47,416 | €47,416 | = | 0.0% |
| Legal reserve | 130 | €47,416 | €47,416 | = | 0.0% |
| Tax-exempt reserves | 132 | €526,034 | €509,872 | -€16,161 | -3.1% |
| Distributable reserves | 133 | €58,199 | €58,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | €825,047 | €614,594 | -€210,452 | -25.5% |
| Provisions and deferred taxes | 16 | €88,855 | €84,815 | -€4,040 | -4.5% |
| Deferred taxes | 168 | €88,855 | €84,815 | -€4,040 | -4.5% |
| Amounts payable | 17/49 | €380,064 | €745,588 | +€365,524 | +96.2% |
| Amounts payable after more than one year | 17 | €14,329 | €0 | -€14,329 | -100% |
| Other amounts payable | 178/9 | €14,329 | €0 | -€14,329 | -100% |
| Amounts payable within one year | 42/48 | €362,901 | €744,548 | +€381,647 | +105% |
| Trade debts | 44 | €15,645 | €26,302 | +€10,658 | +68.1% |
| Suppliers | 440/4 | €15,645 | €26,302 | +€10,658 | +68.1% |
| Taxes, remuneration and social security | 45 | €11,508 | €41,643 | +€30,134 | +262% |
| Taxes | 450/3 | €11,508 | €41,643 | +€30,134 | +262% |
| Other amounts payable | 47/48 | €335,748 | €676,603 | +€340,855 | +102% |
| Accrued charges and deferred income | 492/3 | €2,835 | €1,040 | -€1,795 | -63.3% |
| Non-recurring operating income | 76A | - | €271 | +€271 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,902 | €90,696 | -€6,206 | -6.4% |
| Other operating charges | 640/8 | €39,429 | €40,788 | +€1,360 | +3.4% |
| Gross operating margin | 9900 | €242,436 | €287,526 | +€45,091 | +18.6% |
| Operating profit (loss) | 9901 | €106,105 | €156,042 | +€49,937 | +47.1% |
| Financial income | 75/76B | €16,424 | €34,580 | +€18,156 | +111% |
| Recurring financial income | 75 | €16,424 | €34,580 | +€18,156 | +111% |
| Financial charges | 65/66B | €6,252 | €4,688 | -€1,564 | -25.0% |
| Recurring financial charges | 65 | €6,252 | €4,688 | -€1,564 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €116,276 | €185,933 | +€69,657 | +59.9% |
| Transfer from deferred taxes | 780 | €4,040 | €4,040 | = | 0.0% |
| Income taxes | 67/77 | €26,713 | €60,589 | +€33,876 | +127% |
| Profit (loss) for the period | 9904 | €93,603 | €129,384 | +€35,781 | +38.2% |
| Transfer from tax-exempt reserves | 789 | €16,161 | €16,161 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €109,764 | €145,546 | +€35,781 | +32.6% |
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.