Bemac: what changed
Two fiscal 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.
What changed
Bemac
NACE 43.211, General electrical installation work
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€460,506
2023 · €1.2m-€701,537
Equity
€6.2m
2023 · €5.8m+€447,090
Cash
€738,134
2023 · €939,085-€200,951
Balance sheet total
€11.6m
2023 · €10.3m+€1.3m
Largest movements
Assets
- Receivables within one year +€867,581
up €867,581 (+20.7%), from €4.2m to €5.1m
of which Trade receivables: +€534,180
- Stocks and contracts +€400,249
up €400,249 (+25.4%), from €1.6m to €2.0m
- Intangible fixed assets +€340,607
up €340,607 (+89.2%), from €381,812 to €722,419
- Cash -€200,951
down €200,951 (-21.4%), from €939,085 to €738,134
mainly Receivables within one year (-€867,581) and Investment in fixed assets (net) (-€746,853)
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
Equity and liabilities
- Trade debts +€930,569
up €930,569 (+76.5%), from €1.2m to €2.1m
- Profit (loss) carried forward +€628,906
up €628,906 (+13.6%), from €4.6m to €5.3m
- Short-term financial debts +€247,800
new in 2024: €247,800
- Debts after one year -€228,084
down €228,084 (-20.9%), from €1.1m to €861,587
- Other debts -€193,481
down €193,481 (-34.7%), from €557,198 to €363,716
Income statement
- Goods and materials -€904,028
down €904,028 (-19.7%), from €4.6m to €3.7m
of which Purchases: -€478,069
- Staff costs +€812,320
up €812,320 (+12.3%), from €6.6m to €7.4m
- Services and other goods +€692,511
up €692,511 (+25.3%), from €2.7m to €3.4m
- Taxes -€205,116
down €205,116 (-40.9%), from €502,108 to €296,993
- Turnover -€196,585
down €196,585 (-1.3%), from €15.5m to €15.3m
From the 2023 result to the 2024 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.
Result 2023
€1.2m
Turnover
-€196,585
Other operating income
+€78,572
Goods and materials
+€904,028
Services and other goods
-€692,511
Staff costs
-€812,320
Depreciation
-€128,153
Write-downs
-€44,164
Other operating charges
-€2,749
Other operating items
+€34,922
Financial income
-€3,860
Financial charges
-€43,833
Taxes
+€205,116
Result 2024
€460,506
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€363,856
Investment
-€546,853
Financing
-€17,954
Cash 2023
€939,085
From operations (derived)
+€363,856
Net result for the year
+€460,506
Depreciation
+€419,302
Stocks and contracts
-€400,249
Receivables within one year
-€867,581
Deferred charges and accrued income
-€100,087
Trade debts
+€930,569
Tax, wage and social debts
+€113,785
Advances received
+€1,093
Other debts
-€193,481
Investment (derived)
-€546,853
Investment in fixed assets (net)
-€746,853
Current investments
+€200,000
Financing
-€17,954
Debts after one year
-€228,084
Current portion of long-term debt
-€24,253
Short-term financial debts
+€247,800
Contributions, distributions and other
-€13,417
Cash 2024
€738,134
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,299,514 | €11,594,032 | +€1.3m | +12.6% |
| Fixed assets | 21/28 | €3,366,842 | €3,694,393 | +€327,551 | +9.7% |
| Intangible fixed assets | 21 | €381,812 | €722,419 | +€340,607 | +89.2% |
| Tangible fixed assets | 22/27 | €2,981,264 | €2,948,197 | -€33,066 | -1.1% |
| Land and buildings | 22 | €2,745,460 | €2,640,909 | -€104,551 | -3.8% |
| Plant, machinery and equipment | 23 | €42,019 | €58,740 | +€16,721 | +39.8% |
| Furniture and vehicles | 24 | €193,785 | €248,548 | +€54,763 | +28.3% |
| Financial fixed assets | 28 | €3,767 | €23,777 | +€20,010 | +531.2% |
| Other financial fixed assets | 284/8 | €3,767 | €23,777 | +€20,010 | +531.2% |
| Shares | 284 | - | €20,000 | +€20,000 | |
| Amounts receivable and cash guarantees | 285/8 | €3,767 | €3,777 | +€10 | +0.3% |
| Current assets | 29/58 | €6,932,672 | €7,899,639 | +€966,967 | +13.9% |
| Stocks and contracts in progress | 3 | €1,575,056 | €1,975,305 | +€400,249 | +25.4% |
| Stocks | 30/36 | €1,575,056 | €1,975,305 | +€400,249 | +25.4% |
| Raw materials and consumables | 30/31 | €1,575,056 | €1,975,305 | +€400,249 | +25.4% |
| Amounts receivable within one year | 40/41 | €4,195,586 | €5,063,167 | +€867,581 | +20.7% |
| Trade receivables | 40 | €3,780,591 | €4,314,772 | +€534,180 | +14.1% |
| Other amounts receivable | 41 | €414,994 | €748,395 | +€333,401 | +80.3% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Other investments | 51/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €939,085 | €738,134 | -€200,951 | -21.4% |
| Deferred charges and accrued income | 490/1 | €22,946 | €123,033 | +€100,087 | +436.2% |
| Total equity and liabilities | 10/49 | €10,299,514 | €11,594,032 | +€1.3m | +12.6% |
| Equity | 10/15 | €5,775,486 | €6,222,575 | +€447,090 | +7.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €895,491 | €727,091 | -€168,400 | -18.8% |
| Non-distributable reserves | 130/1 | €9,175 | €9,175 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €2,975 | €2,975 | = | 0.0% |
| Tax-exempt reserves | 132 | €169,205 | €805 | -€168,400 | -99.5% |
| Distributable reserves | 133 | €717,111 | €717,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,627,483 | €5,256,390 | +€628,906 | +13.6% |
| Investment grants | 15 | €190,511 | €177,095 | -€13,417 | -7.0% |
| Provisions and deferred taxes | 16 | €55,000 | €55,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €55,000 | €55,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable | 17/49 | €4,469,029 | €5,316,457 | +€847,428 | +19.0% |
| Amounts payable after more than one year | 17 | €1,089,671 | €861,587 | -€228,084 | -20.9% |
| Financial debts | 170/4 | €1,089,671 | €861,587 | -€228,084 | -20.9% |
| Credit institutions | 173 | €1,089,671 | €861,587 | -€228,084 | -20.9% |
| Amounts payable within one year | 42/48 | €3,374,357 | €4,449,870 | +€1.1m | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €252,337 | €228,084 | -€24,253 | -9.6% |
| Financial debts | 43 | - | €247,800 | +€247,800 | |
| Credit institutions | 430/8 | - | €247,800 | +€247,800 | |
| Trade debts | 44 | €1,216,442 | €2,147,011 | +€930,569 | +76.5% |
| Suppliers | 440/4 | €1,216,442 | €2,147,011 | +€930,569 | +76.5% |
| Advances received on contracts in progress | 46 | €104,389 | €105,481 | +€1,093 | +1.0% |
| Taxes, remuneration and social security | 45 | €1,243,991 | €1,357,776 | +€113,785 | +9.1% |
| Taxes | 450/3 | €207,830 | €227,993 | +€20,163 | +9.7% |
| Remuneration and social security | 454/9 | €1,036,161 | €1,129,783 | +€93,622 | +9.0% |
| Other amounts payable | 47/48 | €557,198 | €363,716 | -€193,481 | -34.7% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,000 | = | 0.0% |
| Operating income | 70/76A | €15,936,883 | €15,853,792 | -€83,091 | -0.5% |
| Turnover | 70 | €15,511,475 | €15,314,890 | -€196,585 | -1.3% |
| Other operating income | 74 | €340,256 | €418,828 | +€78,572 | +23.1% |
| Non-recurring operating income | 76A | €85,152 | €120,074 | +€34,922 | +41.0% |
| Operating charges | 60/66A | €14,244,947 | €15,020,816 | +€775,869 | +5.4% |
| Goods for resale, raw materials and consumables | 60 | €4,591,053 | €3,687,025 | -€904,028 | -19.7% |
| Purchases | 600/8 | €4,565,432 | €4,087,363 | -€478,069 | -10.5% |
| Change in stocks: decrease (increase) | 609 | €25,621 | -€400,338 | -€425,959 | |
| Services and other goods | 61 | €2,736,433 | €3,428,943 | +€692,511 | +25.3% |
| Remuneration, social security and pensions | 62 | €6,584,127 | €7,396,447 | +€812,320 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291,149 | €419,302 | +€128,153 | +44.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€31,028 | €13,135 | +€44,164 | |
| Other operating charges | 640/8 | €73,213 | €75,963 | +€2,749 | +3.8% |
| Operating profit (loss) | 9901 | €1,691,936 | €832,976 | -€858,960 | -50.8% |
| Financial income | 75/76B | €38,879 | €35,020 | -€3,860 | -9.9% |
| Recurring financial income | 75 | €38,879 | €35,020 | -€3,860 | -9.9% |
| Income from current assets | 751 | €2,126 | €7,238 | +€5,113 | +240.5% |
| Other financial income | 752/9 | €36,754 | €27,781 | -€8,972 | -24.4% |
| Financial charges | 65/66B | €66,664 | €110,497 | +€43,833 | +65.8% |
| Recurring financial charges | 65 | €66,664 | €110,497 | +€43,833 | +65.8% |
| Debt charges | 650 | €51,957 | €92,882 | +€40,926 | +78.8% |
| Other financial charges | 652/9 | €14,707 | €17,615 | +€2,908 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €1,664,151 | €757,499 | -€906,652 | -54.5% |
| Income taxes | 67/77 | €502,108 | €296,993 | -€205,116 | -40.9% |
| Taxes | 670/3 | €502,108 | €296,993 | -€205,116 | -40.9% |
| Profit (loss) for the period | 9904 | €1,162,043 | €460,506 | -€701,537 | -60.4% |
| Transfer from tax-exempt reserves | 789 | - | €168,400 | +€168,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,162,043 | €628,906 | -€533,137 | -45.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.