BEMACOGE: 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.
BEMACOGE
Largest movements
- Tangible fixed assets -€29,426
down €29,426 (-94.4%), from €31,182 to €1,756
of which Furniture and vehicles: -€28,986
- Cash -€20,172
down €20,172 (-55.5%), from €36,360 to €16,188
mainly Receivables within one year (-€16,685) and Debts after one year (-€12,733)
- Receivables within one year +€16,685
up €16,685 (+90.6%), from €18,415 to €35,100
of which Trade receivables: +€15,477
- Deferred charges and accrued income +€2,858
up €2,858 (+235.9%), from €1,211 to €4,070
- Debts after one year -€12,733
down €12,733 (-100.0%), from €12,733 to €0
- Current portion of long-term debt -€12,106
down €12,106 (-100.0%), from €12,106 to €0
- Profit (loss) carried forward -€3,233
down €3,233 (-46.1%), from -€7,017 to -€10,251
- Tax, wage and social debts -€2,168
down €2,168 (-40.9%), from €5,298 to €3,130
- Gross operating margin +€10,714
up €10,714 (+334.5%), from €3,203 to €13,917
- Depreciation -€6,979
down €6,979 (-91.8%), from €7,604 to €625
- Taxes +€2,652
up €2,652 (+309.6%), from €857 to €3,509
- Other operating charges -€639
down €639 (-38.7%), from €1,654 to €1,014
- Financial charges -€285
down €285 (-14.6%), from €1,947 to €1,663
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 | €87,169 | €57,113 | -€30,055 | -34.5% |
| Fixed assets | 21/28 | €31,182 | €1,756 | -€29,426 | -94.4% |
| Tangible fixed assets | 22/27 | €31,182 | €1,756 | -€29,426 | -94.4% |
| Plant, machinery and equipment | 23 | €2,053 | €1,613 | -€440 | -21.5% |
| Furniture and vehicles | 24 | €29,129 | €143 | -€28,986 | -99.5% |
| Current assets | 29/58 | €55,986 | €55,357 | -€629 | -1.1% |
| Amounts receivable within one year | 40/41 | €18,415 | €35,100 | +€16,685 | +90.6% |
| Trade receivables | 40 | €8,392 | €23,869 | +€15,477 | +184.4% |
| Other amounts receivable | 41 | €10,023 | €11,230 | +€1,207 | +12.0% |
| Cash at bank and in hand | 54/58 | €36,360 | €16,188 | -€20,172 | -55.5% |
| Deferred charges and accrued income | 490/1 | €1,211 | €4,070 | +€2,858 | +235.9% |
| Total equity and liabilities | 10/49 | €87,169 | €57,113 | -€30,055 | -34.5% |
| Equity | 10/15 | €56,713 | €53,480 | -€3,233 | -5.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,731 | €58,731 | = | 0.0% |
| Distributable reserves | 133 | €58,731 | €58,731 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,017 | -€10,251 | -€3,233 | -46.1% |
| Amounts payable | 17/49 | €30,455 | €3,633 | -€26,822 | -88.1% |
| Amounts payable after more than one year | 17 | €12,733 | €0 | -€12,733 | -100.0% |
| Financial debts | 170/4 | €12,733 | €0 | -€12,733 | -100.0% |
| Amounts payable within one year | 42/48 | €17,637 | €3,633 | -€14,004 | -79.4% |
| Current portion of amounts payable after more than one year | 42 | €12,106 | €0 | -€12,106 | -100.0% |
| Trade debts | 44 | €233 | €343 | +€110 | +47.2% |
| Suppliers | 440/4 | €233 | €343 | +€110 | +47.2% |
| Taxes, remuneration and social security | 45 | €5,298 | €3,130 | -€2,168 | -40.9% |
| Taxes | 450/3 | €5,298 | €3,130 | -€2,168 | -40.9% |
| Other amounts payable | 47/48 | €0 | €160 | +€160 | |
| Accrued charges and deferred income | 492/3 | €84 | €0 | -€84 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,604 | €625 | -€6,979 | -91.8% |
| Other operating charges | 640/8 | €1,654 | €1,014 | -€639 | -38.7% |
| Non-recurring operating charges | 66A | - | €10,420 | +€10,420 | |
| Gross operating margin | 9900 | €3,203 | €13,917 | +€10,714 | +334.5% |
| Operating profit (loss) | 9901 | -€6,055 | €1,857 | +€7,912 | |
| Financial income | 75/76B | €27 | €81 | +€54 | +199.4% |
| Recurring financial income | 75 | €27 | €81 | +€54 | +199.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,947 | €1,663 | -€285 | -14.6% |
| Recurring financial charges | 65 | €1,947 | €1,663 | -€285 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,975 | €275 | +€8,251 | |
| Income taxes | 67/77 | €857 | €3,509 | +€2,652 | +309.6% |
| Profit (loss) for the period | 9904 | -€8,832 | -€3,233 | +€5,598 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,832 | -€3,233 | +€5,598 | +63.4% |
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 10 October 2026 via checked.be.