BEMACX: 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.
BEMACX
Largest movements
- Financial fixed assets -€242,868
down €242,868 (-7.6%), from €3.2m to €3.0m
- Cash +€87,801
up €87,801 (+970.7%), from €9,045 to €96,846
mainly Investment in fixed assets (net) (+€238,955) and Net result for the year (+€234,436)
- Reserves +€234,436
up €234,436 (+11.2%), from €2.1m to €2.3m
- Other debts -€226,618
down €226,618 (-97.6%), from €232,249 to €5,631
- Debts after one year -€83,200
down €83,200 (-11.5%), from €724,741 to €641,541
- Financial charges -€24,536
down €24,536 (-66.8%), from €36,727 to €12,191
- Gross operating margin +€21,990
up €21,990 (+8.8%), from €251,138 to €273,128
- Taxes -€15,951
down €15,951 (-20.9%), from €76,172 to €60,221
- Financial income +€11,048
up €11,048 (+30.5%), from €36,201 to €47,249
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 | €3,461,563 | €3,355,912 | -€105,651 | -3.1% |
| Fixed assets | 21/28 | €3,377,835 | €3,129,402 | -€248,433 | -7.4% |
| Tangible fixed assets | 22/27 | €169,147 | €163,582 | -€5,565 | -3.3% |
| Land and buildings | 22 | €154,160 | €147,461 | -€6,699 | -4.3% |
| Plant, machinery and equipment | 23 | €4,957 | €3,744 | -€1,213 | -24.5% |
| Furniture and vehicles | 24 | €3,530 | €5,877 | +€2,347 | +66.5% |
| Other tangible fixed assets | 26 | €6,500 | €6,500 | = | 0.0% |
| Financial fixed assets | 28 | €3,208,688 | €2,965,820 | -€242,868 | -7.6% |
| Current assets | 29/58 | €83,728 | €226,510 | +€142,782 | +170.5% |
| Amounts receivable within one year | 40/41 | €22,259 | €51,213 | +€28,954 | +130.1% |
| Trade receivables | 40 | €8,425 | €4,008 | -€4,417 | -52.4% |
| Other amounts receivable | 41 | €13,834 | €47,205 | +€33,371 | +241.2% |
| Cash at bank and in hand | 54/58 | €9,045 | €96,846 | +€87,801 | +970.7% |
| Deferred charges and accrued income | 490/1 | €52,424 | €78,451 | +€26,027 | +49.6% |
| Total equity and liabilities | 10/49 | €3,461,563 | €3,355,912 | -€105,651 | -3.1% |
| Equity | 10/15 | €2,371,551 | €2,605,987 | +€234,436 | +9.9% |
| Contributions | 10/11 | €306,200 | €306,200 | = | 0.0% |
| Reserves | 13 | €2,093,437 | €2,327,873 | +€234,436 | +11.2% |
| Distributable reserves | 133 | €2,093,437 | €2,327,873 | +€234,436 | +11.2% |
| Profit (loss) carried forward | 14 | -€28,086 | -€28,086 | = | 0.0% |
| Amounts payable | 17/49 | €1,090,012 | €749,925 | -€340,087 | -31.2% |
| Amounts payable after more than one year | 17 | €724,741 | €641,541 | -€83,200 | -11.5% |
| Financial debts | 170/4 | €724,741 | €641,541 | -€83,200 | -11.5% |
| Amounts payable within one year | 42/48 | €365,271 | €108,384 | -€256,887 | -70.3% |
| Current portion of amounts payable after more than one year | 42 | €94,212 | €83,200 | -€11,012 | -11.7% |
| Trade debts | 44 | €9,332 | €4,053 | -€5,279 | -56.6% |
| Suppliers | 440/4 | €9,332 | €4,053 | -€5,279 | -56.6% |
| Taxes, remuneration and social security | 45 | €29,478 | €15,500 | -€13,978 | -47.4% |
| Taxes | 450/3 | €29,478 | €15,500 | -€13,978 | -47.4% |
| Other amounts payable | 47/48 | €232,249 | €5,631 | -€226,618 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,537 | €9,478 | -€2,059 | -17.8% |
| Other operating charges | 640/8 | €3,794 | €4,051 | +€257 | +6.8% |
| Gross operating margin | 9900 | €251,138 | €273,128 | +€21,990 | +8.8% |
| Operating profit (loss) | 9901 | €235,807 | €259,599 | +€23,792 | +10.1% |
| Financial income | 75/76B | €36,201 | €47,249 | +€11,048 | +30.5% |
| Recurring financial income | 75 | €36,201 | €47,249 | +€11,048 | +30.5% |
| Financial charges | 65/66B | €36,727 | €12,191 | -€24,536 | -66.8% |
| Recurring financial charges | 65 | €36,727 | €12,191 | -€24,536 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | €235,281 | €294,657 | +€59,376 | +25.2% |
| Income taxes | 67/77 | €76,172 | €60,221 | -€15,951 | -20.9% |
| Profit (loss) for the period | 9904 | €159,109 | €234,436 | +€75,327 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €159,109 | €234,436 | +€75,327 | +47.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.