BEMACO: 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.
BEMACO
Largest movements
- Tangible fixed assets -€42,787
down €42,787 (-12.0%), from €355,373 to €312,585
of which Land and buildings: -€34,524
- Receivables within one year +€6,363
up €6,363 (+51.7%), from €12,308 to €18,671
of which Trade receivables: +€6,317
- Cash +€4,132
up €4,132 (+358.9%), from €1,151 to €5,283
mainly Depreciation (+€42,787) and Tax, wage and social debts (+€1,148)
- Profit (loss) carried forward -€29,368
down €29,368 (-9.9%), from -€296,553 to -€325,922
- Other debts -€3,946
down €3,946 (-0.7%), from €528,095 to €524,149
- Gross operating margin +€19,698
up €19,698 (+867.2%), from €2,271 to €21,969
- Depreciation -€7,630
down €7,630 (-15.1%), from €50,417 to €42,787
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.
Cash bridge derived
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 | €371,694 | €339,401 | -€32,292 | -8.7% |
| Fixed assets | 21/28 | €355,508 | €312,720 | -€42,787 | -12.0% |
| Tangible fixed assets | 22/27 | €355,373 | €312,585 | -€42,787 | -12.0% |
| Land and buildings | 22 | €329,761 | €295,237 | -€34,524 | -10.5% |
| Plant, machinery and equipment | 23 | €23,272 | €15,627 | -€7,644 | -32.8% |
| Furniture and vehicles | 24 | €2,340 | €1,721 | -€619 | -26.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €16,186 | €26,681 | +€10,495 | +64.8% |
| Stocks and contracts in progress | 3 | €2,479 | €2,479 | = | 0.0% |
| Stocks | 30/36 | €2,479 | €2,479 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,308 | €18,671 | +€6,363 | +51.7% |
| Trade receivables | 40 | €12,091 | €18,409 | +€6,317 | +52.2% |
| Other amounts receivable | 41 | €217 | €262 | +€46 | +21.1% |
| Cash at bank and in hand | 54/58 | €1,151 | €5,283 | +€4,132 | +358.9% |
| Deferred charges and accrued income | 490/1 | €248 | €248 | = | 0.0% |
| Total equity and liabilities | 10/49 | €371,694 | €339,401 | -€32,292 | -8.7% |
| Equity | 10/15 | -€162,195 | -€191,563 | -€29,368 | -18.1% |
| Contributions | 10/11 | €134,358 | €134,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€296,553 | -€325,922 | -€29,368 | -9.9% |
| Amounts payable | 17/49 | €533,888 | €530,964 | -€2,924 | -0.5% |
| Amounts payable within one year | 42/48 | €533,888 | €530,964 | -€2,924 | -0.5% |
| Trade debts | 44 | €2,340 | €2,214 | -€126 | -5.4% |
| Suppliers | 440/4 | €2,340 | €2,214 | -€126 | -5.4% |
| Taxes, remuneration and social security | 45 | €3,454 | €4,602 | +€1,148 | +33.2% |
| Taxes | 450/3 | €3,454 | €4,602 | +€1,148 | +33.2% |
| Other amounts payable | 47/48 | €528,095 | €524,149 | -€3,946 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,417 | €42,787 | -€7,630 | -15.1% |
| Other operating charges | 640/8 | €8,160 | €7,972 | -€188 | -2.3% |
| Gross operating margin | 9900 | €2,271 | €21,969 | +€19,698 | +867.2% |
| Operating profit (loss) | 9901 | -€56,305 | -€28,790 | +€27,515 | +48.9% |
| Financial income | 75/76B | €16 | €20 | +€4 | +24.8% |
| Recurring financial income | 75 | €16 | €20 | +€4 | +24.8% |
| Financial charges | 65/66B | €107 | €81 | -€26 | -24.2% |
| Recurring financial charges | 65 | €107 | €81 | -€26 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€56,396 | -€28,851 | +€27,545 | +48.8% |
| Income taxes | 67/77 | €546 | €518 | -€28 | -5.1% |
| Profit (loss) for the period | 9904 | -€56,942 | -€29,368 | +€27,573 | +48.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,942 | -€29,368 | +€27,573 | +48.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.