BEMAK: 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.
BEMAK
Largest movements
- Receivables within one year +€14,446
up €14,446 (+83.4%), from €17,319 to €31,766
of which Trade receivables: +€16,180
- Cash -€6,839
down €6,839 (-95.6%), from €7,153 to €314
mainly Receivables within one year (-€14,446) and Net result for the year (-€5,714)
- Tangible fixed assets -€2,076
down €2,076 (-40.8%), from €5,092 to €3,016
of which Furniture and vehicles: -€1,766
- Deferred charges and accrued income +€503
up €503 (+38.3%), from €1,315 to €1,818
- Trade debts +€8,101
up €8,101 (+129%), from €6,277 to €14,378
- Short-term financial debts +€5,847
new in 2025: €5,847
- Profit (loss) carried forward -€5,714
down €5,714 (-21.8%), from -€26,249 to -€31,963
- Accrued charges and deferred income -€2,581
no longer reported in 2025 (was €2,581)
- Tax, wage and social debts +€1,595
up €1,595 (+9.5%), from €16,878 to €18,473
- Gross operating margin +€14,695
up €14,695 (+91.7%), from -€16,027 to -€1,332
- Depreciation -€383
down €383 (-15.6%), from €2,458 to €2,076
- Financial charges +€164
up €164 (+10.9%), from €1,503 to €1,667
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.
Derived cash bridge
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 | €30,879 | €36,914 | +€6,034 | +19.5% |
| Fixed assets | 21/28 | €5,092 | €3,016 | -€2,076 | -40.8% |
| Tangible fixed assets | 22/27 | €5,092 | €3,016 | -€2,076 | -40.8% |
| Furniture and vehicles | 24 | €4,346 | €2,580 | -€1,766 | -40.6% |
| Other tangible fixed assets | 26 | €745 | €436 | -€309 | -41.5% |
| Current assets | 29/58 | €25,787 | €33,897 | +€8,110 | +31.4% |
| Amounts receivable within one year | 40/41 | €17,319 | €31,766 | +€14,446 | +83.4% |
| Trade receivables | 40 | €13,793 | €29,974 | +€16,180 | +117% |
| Other amounts receivable | 41 | €3,526 | €1,792 | -€1,734 | -49.2% |
| Cash at bank and in hand | 54/58 | €7,153 | €314 | -€6,839 | -95.6% |
| Deferred charges and accrued income | 490/1 | €1,315 | €1,818 | +€503 | +38.3% |
| Total equity and liabilities | 10/49 | €30,879 | €36,914 | +€6,034 | +19.5% |
| Equity | 10/15 | -€19,596 | -€25,310 | -€5,714 | -29.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €453 | €453 | = | 0.0% |
| Distributable reserves | 133 | €453 | €453 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,249 | -€31,963 | -€5,714 | -21.8% |
| Amounts payable | 17/49 | €50,475 | €62,224 | +€11,748 | +23.3% |
| Amounts payable within one year | 42/48 | €47,894 | €62,224 | +€14,329 | +29.9% |
| Financial debts | 43 | - | €5,847 | +€5,847 | |
| Credit institutions | 430/8 | - | €5,847 | +€5,847 | |
| Trade debts | 44 | €6,277 | €14,378 | +€8,101 | +129% |
| Suppliers | 440/4 | €6,277 | €14,378 | +€8,101 | +129% |
| Taxes, remuneration and social security | 45 | €16,878 | €18,473 | +€1,595 | +9.5% |
| Taxes | 450/3 | €16,878 | €18,473 | +€1,595 | +9.5% |
| Other amounts payable | 47/48 | €24,740 | €23,526 | -€1,214 | -4.9% |
| Accrued charges and deferred income | 492/3 | €2,581 | - | -€2,581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,458 | €2,076 | -€383 | -15.6% |
| Other operating charges | 640/8 | €336 | €358 | +€22 | +6.6% |
| Gross operating margin | 9900 | -€16,027 | -€1,332 | +€14,695 | +91.7% |
| Operating profit (loss) | 9901 | -€18,822 | -€3,766 | +€15,056 | +80.0% |
| Financial income | 75/76B | €19 | €1 | -€18 | -95.6% |
| Recurring financial income | 75 | €19 | €1 | -€18 | -95.6% |
| Financial charges | 65/66B | €1,503 | €1,667 | +€164 | +10.9% |
| Recurring financial charges | 65 | €1,503 | €1,667 | +€164 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,305 | -€5,432 | +€14,874 | +73.2% |
| Income taxes | 67/77 | €215 | €282 | +€67 | +31.0% |
| Profit (loss) for the period | 9904 | -€20,521 | -€5,714 | +€14,807 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,521 | -€5,714 | +€14,807 | +72.2% |
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 31 October 2026 via checked.be.