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 -€18,069
down €18,069 (-37.5%), from €48,195 to €30,127
of which Furniture and vehicles: -€10,067
- Cash +€3,606
up €3,606 (+10.8%), from €33,404 to €37,010
mainly Depreciation (+€20,490) and Net result for the year (+€5,429)
- Intangible fixed assets +€2,011
new in 2025: €2,011
- Receivables within one year -€1,431
down €1,431 (-96.2%), from €1,487 to €57
of which Other amounts receivable: -€865
- Debts after one year -€19,492
down €19,492 (-94.8%), from €20,565 to €1,072
- Profit (loss) carried forward +€5,429
up €5,429 (+72.8%), from -€7,456 to -€2,027
- Depreciation -€3,961
down €3,961 (-16.2%), from €24,450 to €20,490
- Gross operating margin +€961
up €961 (+3.5%), from €27,218 to €28,180
- Financial income -€362
down €362 (-65.3%), from €555 to €193
- Taxes -€333
down €333, from €167 to -€167
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 | €85,488 | €71,996 | -€13,493 | -15.8% |
| Fixed assets | 21/28 | €48,195 | €32,138 | -€16,058 | -33.3% |
| Intangible fixed assets | 21 | - | €2,011 | +€2,011 | |
| Tangible fixed assets | 22/27 | €48,195 | €30,127 | -€18,069 | -37.5% |
| Land and buildings | 22 | €18,489 | €12,623 | -€5,866 | -31.7% |
| Plant, machinery and equipment | 23 | €7,410 | €5,274 | -€2,136 | -28.8% |
| Furniture and vehicles | 24 | €22,296 | €12,229 | -€10,067 | -45.1% |
| Current assets | 29/58 | €37,293 | €39,858 | +€2,565 | +6.9% |
| Amounts receivable within one year | 40/41 | €1,487 | €57 | -€1,431 | -96.2% |
| Trade receivables | 40 | €566 | €0 | -€566 | -100.0% |
| Other amounts receivable | 41 | €921 | €57 | -€865 | -93.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €33,404 | €37,010 | +€3,606 | +10.8% |
| Deferred charges and accrued income | 490/1 | €2,402 | €2,791 | +€390 | +16.2% |
| Total equity and liabilities | 10/49 | €85,488 | €71,996 | -€13,493 | -15.8% |
| Equity | 10/15 | €63,064 | €68,493 | +€5,429 | +8.6% |
| Contributions | 10/11 | €68,000 | €68,000 | = | 0.0% |
| Reserves | 13 | €2,520 | €2,520 | = | 0.0% |
| Distributable reserves | 133 | €2,520 | €2,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,456 | -€2,027 | +€5,429 | +72.8% |
| Amounts payable | 17/49 | €22,424 | €3,502 | -€18,922 | -84.4% |
| Amounts payable after more than one year | 17 | €20,565 | €1,072 | -€19,492 | -94.8% |
| Other amounts payable | 178/9 | €20,565 | €1,072 | -€19,492 | -94.8% |
| Amounts payable within one year | 42/48 | €1,549 | €1,765 | +€216 | +13.9% |
| Trade debts | 44 | €1,549 | €1,212 | -€337 | -21.8% |
| Suppliers | 440/4 | €1,549 | €1,212 | -€337 | -21.8% |
| Taxes, remuneration and social security | 45 | €0 | €553 | +€553 | |
| Taxes | 450/3 | €0 | €553 | +€553 | |
| Accrued charges and deferred income | 492/3 | €310 | €665 | +€355 | +114.6% |
| Non-recurring operating income | 76A | €566 | €0 | -€566 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,450 | €20,490 | -€3,961 | -16.2% |
| Other operating charges | 640/8 | €2,345 | €2,479 | +€134 | +5.7% |
| Non-recurring operating charges | 66A | - | €66 | +€66 | |
| Gross operating margin | 9900 | €27,218 | €28,180 | +€961 | +3.5% |
| Operating profit (loss) | 9901 | €423 | €5,145 | +€4,722 | +1116.5% |
| Financial income | 75/76B | €555 | €193 | -€362 | -65.3% |
| Recurring financial income | 75 | €555 | €193 | -€362 | -65.3% |
| Financial charges | 65/66B | €74 | €75 | +€1 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €905 | €5,263 | +€4,358 | +481.8% |
| Income taxes | 67/77 | €167 | -€167 | -€333 | |
| Profit (loss) for the period | 9904 | €738 | €5,429 | +€4,691 | +635.7% |
| Profit (loss) for the period to be appropriated | 9905 | €738 | €5,429 | +€4,691 | +635.7% |
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 4 October 2026 via checked.be.