BEMAKO HOLDING: 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.
What changed
BEMAKO HOLDING
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€50,578
2024 · €39,377+€11,201
Equity
€1.2m
2024 · €1.1m+€50,578
Cash
€5,971
2024 · €0+€5,971
Balance sheet total
€1.6m
2024 · €1.6m+€40,257
Largest movements
Assets
- Receivables within one year +€42,383
up €42,383 (+17.9%), from €236,390 to €278,773
of which Trade receivables: +€35,078
Equity and liabilities
- Debts after one year -€40,635
down €40,635 (-41.2%), from €98,652 to €58,017
- Profit (loss) carried forward +€25,578
up €25,578 (+15.5%), from €164,512 to €190,090
- Reserves +€25,000
up €25,000 (+14.6%), from €171,777 to €196,777
of which Non-distributable reserves: +€25,000
- Other debts +€17,284
up €17,284 (+6.2%), from €277,828 to €295,112
Income statement
- Gross operating margin +€13,569
up €13,569 (+10.2%), from €132,763 to €146,332
- Taxes +€3,046
up €3,046 (+19.4%), from €15,677 to €18,724
- Staff costs -€2,593
down €2,593 (-3.5%), from €74,341 to €71,748
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.
Result 2024
€39,377
Gross operating margin
+€13,569
Staff costs
+€2,593
Depreciation
-€975
Other operating charges
-€998
Financial income
-€70
Financial charges
+€129
Taxes
-€3,046
Result 2025
€50,578
raises the resultlowers the result
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.
From operations
+€47,548
Investment
+€3,472
Financing
-€45,049
Cash 2024
€0
From operations (derived)
+€47,548
Net result for the year
+€50,578
Depreciation
+€2,709
Receivables within one year
-€42,383
Deferred charges and accrued income
+€1,915
Trade debts
+€1,692
Tax, wage and social debts
+€15,752
Other debts
+€17,284
Investment (derived)
+€3,472
Investment in fixed assets (net)
+€3,472
Financing
-€45,049
Debts after one year
-€40,635
Current portion of long-term debt
+€8,119
Short-term financial debts
-€12,533
Cash 2025
€5,971
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,605,157 | €1,645,414 | +€40,257 | +2.5% |
| Fixed assets | 21/28 | €1,366,851 | €1,360,670 | -€6,181 | -0.5% |
| Tangible fixed assets | 22/27 | €18,330 | €12,150 | -€6,181 | -33.7% |
| Plant, machinery and equipment | 23 | €16,502 | €10,531 | -€5,971 | -36.2% |
| Furniture and vehicles | 24 | €1,828 | €1,618 | -€210 | -11.5% |
| Financial fixed assets | 28 | €1,348,521 | €1,348,521 | = | 0.0% |
| Current assets | 29/58 | €238,306 | €284,744 | +€46,438 | +19.5% |
| Amounts receivable within one year | 40/41 | €236,390 | €278,773 | +€42,383 | +17.9% |
| Trade receivables | 40 | €12,117 | €47,195 | +€35,078 | +289% |
| Other amounts receivable | 41 | €224,273 | €231,578 | +€7,305 | +3.3% |
| Cash at bank and in hand | 54/58 | €0 | €5,971 | +€5,971 | |
| Deferred charges and accrued income | 490/1 | €1,915 | €0 | -€1,915 | -100% |
| Total equity and liabilities | 10/49 | €1,605,157 | €1,645,414 | +€40,257 | +2.5% |
| Equity | 10/15 | €1,136,289 | €1,186,867 | +€50,578 | +4.5% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €171,777 | €196,777 | +€25,000 | +14.6% |
| Non-distributable reserves | 130/1 | €56,048 | €81,048 | +€25,000 | +44.6% |
| Legal reserve | 130 | €55,000 | €80,000 | +€25,000 | +45.5% |
| Reserves not available under the articles | 1311 | €1,048 | €1,048 | = | 0.0% |
| Distributable reserves | 133 | €115,729 | €115,729 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,512 | €190,090 | +€25,578 | +15.5% |
| Amounts payable | 17/49 | €468,868 | €458,547 | -€10,321 | -2.2% |
| Amounts payable after more than one year | 17 | €98,652 | €58,017 | -€40,635 | -41.2% |
| Financial debts | 170/4 | €98,652 | €58,017 | -€40,635 | -41.2% |
| Amounts payable within one year | 42/48 | €370,216 | €400,530 | +€30,314 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €46,860 | €54,979 | +€8,119 | +17.3% |
| Financial debts | 43 | €12,533 | €0 | -€12,533 | -100% |
| Credit institutions | 430/8 | €12,533 | €0 | -€12,533 | -100% |
| Trade debts | 44 | €24,956 | €26,649 | +€1,692 | +6.8% |
| Suppliers | 440/4 | €24,956 | €26,649 | +€1,692 | +6.8% |
| Taxes, remuneration and social security | 45 | €8,038 | €23,790 | +€15,752 | +196% |
| Taxes | 450/3 | €0 | €15,721 | +€15,721 | |
| Remuneration and social security | 454/9 | €8,038 | €8,069 | +€32 | +0.4% |
| Other amounts payable | 47/48 | €277,828 | €295,112 | +€17,284 | +6.2% |
| Remuneration, social security and pensions | 62 | €74,341 | €71,748 | -€2,593 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,734 | €2,709 | +€975 | +56.2% |
| Other operating charges | 640/8 | €0 | €998 | +€998 | |
| Gross operating margin | 9900 | €132,763 | €146,332 | +€13,569 | +10.2% |
| Operating profit (loss) | 9901 | €56,689 | €70,877 | +€14,188 | +25.0% |
| Financial income | 75/76B | €11,887 | €11,817 | -€70 | -0.6% |
| Recurring financial income | 75 | €11,887 | €11,817 | -€70 | -0.6% |
| Financial charges | 65/66B | €13,522 | €13,393 | -€129 | -1.0% |
| Recurring financial charges | 65 | €13,522 | €13,393 | -€129 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €55,054 | €69,301 | +€14,247 | +25.9% |
| Income taxes | 67/77 | €15,677 | €18,724 | +€3,046 | +19.4% |
| Profit (loss) for the period | 9904 | €39,377 | €50,578 | +€11,201 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,377 | €50,578 | +€11,201 | +28.4% |
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 20 October 2026 via checked.be.