BEMAFIN: what changed
What changed
BEMAFIN
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
filed annual accounts (NBB)
Net result for the year
€88,083
2024 · €71,414+€16,668
Equity
€3,268
2024 · €145,185-€141,917
Cash
€59,541
2024 · €15,173+€44,367
Balance sheet total
€171,366
2024 · €202,411-€31,045
Largest movements
Assets
- Current investments -€70,000
down €70,000 (-56.0%), from €125,000 to €55,000
- Cash +€44,367
up €44,367 (+292%), from €15,173 to €59,541
mainly Other debts (+€110,141) and Net result for the year (+€88,083)
- Tangible fixed assets -€12,083
down €12,083 (-35.0%), from €34,475 to €22,392
of which Furniture and vehicles: -€10,933
- Receivables within one year +€7,326
up €7,326 (+27.3%), from €26,824 to €34,150
Equity and liabilities
- Profit (loss) carried forward -€141,917
down €141,917 (-99.1%), from €143,185 to €1,268
- Other debts +€110,141
up €110,141 (+762%), from €14,463 to €124,604
- Debts after one year -€6,595
down €6,595 (-100%), from €6,595 to €0
- Tax, wage and social debts +€5,274
up €5,274 (+20.2%), from €26,091 to €31,366
- Short-term financial debts +€5,055
new in 2025: €5,055
Income statement
- Gross operating margin +€24,279
up €24,279 (+24.1%), from €100,813 to €125,092
- Taxes +€5,048
up €5,048 (+27.2%), from €18,531 to €23,579
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€71,414
Gross operating margin
+€24,279
Depreciation
-€988
Other operating charges
-€223
Financial income
-€871
Financial charges
-€481
Taxes
-€5,048
Result 2025
€88,083
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€209,107
Investment
+€70,000
Financing
-€234,740
Cash 2024
€15,173
From operations (derived)
+€209,107
Net result for the year
+€88,083
Depreciation
+€12,083
Receivables within one year
-€7,326
Deferred charges and accrued income
+€656
Smaller working-capital items
+€197
Tax, wage and social debts
+€5,274
Other debts
+€110,141
Investment (derived)
+€70,000
Current investments
+€70,000
Financing
-€234,740
Debts after one year
-€6,595
Current portion of long-term debt
-€3,201
Short-term financial debts
+€5,055
Contributions, distributions and other
-€230,000
Cash 2025
€59,541
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,411 | €171,366 | -€31,045 | -15.3% |
| Fixed assets | 21/28 | €34,475 | €22,392 | -€12,083 | -35.0% |
| Tangible fixed assets | 22/27 | €34,475 | €22,392 | -€12,083 | -35.0% |
| Plant, machinery and equipment | 23 | €3,152 | €2,002 | -€1,150 | -36.5% |
| Furniture and vehicles | 24 | €31,324 | €20,391 | -€10,933 | -34.9% |
| Current assets | 29/58 | €167,936 | €148,974 | -€18,962 | -11.3% |
| Amounts receivable within one year | 40/41 | €26,824 | €34,150 | +€7,326 | +27.3% |
| Trade receivables | 40 | €26,824 | €34,150 | +€7,326 | +27.3% |
| Current investments | 50/53 | €125,000 | €55,000 | -€70,000 | -56.0% |
| Cash at bank and in hand | 54/58 | €15,173 | €59,541 | +€44,367 | +292% |
| Deferred charges and accrued income | 490/1 | €939 | €283 | -€656 | -69.8% |
| Total equity and liabilities | 10/49 | €202,411 | €171,366 | -€31,045 | -15.3% |
| Equity | 10/15 | €145,185 | €3,268 | -€141,917 | -97.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,185 | €1,268 | -€141,917 | -99.1% |
| Amounts payable | 17/49 | €57,226 | €168,098 | +€110,872 | +194% |
| Amounts payable after more than one year | 17 | €6,595 | €0 | -€6,595 | -100% |
| Financial debts | 170/4 | €6,595 | €0 | -€6,595 | -100% |
| Amounts payable within one year | 42/48 | €50,350 | €168,013 | +€117,664 | +234% |
| Current portion of amounts payable after more than one year | 42 | €9,795 | €6,595 | -€3,201 | -32.7% |
| Financial debts | 43 | - | €5,055 | +€5,055 | |
| Credit institutions | 430/8 | - | €5,055 | +€5,055 | |
| Trade debts | 44 | - | €394 | +€394 | |
| Suppliers | 440/4 | - | €394 | +€394 | |
| Taxes, remuneration and social security | 45 | €26,091 | €31,366 | +€5,274 | +20.2% |
| Taxes | 450/3 | €26,091 | €31,366 | +€5,274 | +20.2% |
| Other amounts payable | 47/48 | €14,463 | €124,604 | +€110,141 | +762% |
| Accrued charges and deferred income | 492/3 | €282 | €85 | -€197 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,095 | €12,083 | +€988 | +8.9% |
| Other operating charges | 640/8 | €545 | €767 | +€223 | +40.9% |
| Gross operating margin | 9900 | €100,813 | €125,092 | +€24,279 | +24.1% |
| Operating profit (loss) | 9901 | €89,174 | €112,241 | +€23,068 | +25.9% |
| Financial income | 75/76B | €2,067 | €1,196 | -€871 | -42.1% |
| Recurring financial income | 75 | €2,067 | €1,196 | -€871 | -42.1% |
| Financial charges | 65/66B | €1,295 | €1,776 | +€481 | +37.1% |
| Recurring financial charges | 65 | €1,295 | €1,776 | +€481 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €89,945 | €111,661 | +€21,716 | +24.1% |
| Income taxes | 67/77 | €18,531 | €23,579 | +€5,048 | +27.2% |
| Profit (loss) for the period | 9904 | €71,414 | €88,083 | +€16,668 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,414 | €88,083 | +€16,668 | +23.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.