BEMAKON: 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.
BEMAKON
Largest movements
- Current investments +€621,260
up €621,260 (+80.6%), from €771,121 to €1.4m
- Cash -€354,772
down €354,772 (-67.8%), from €523,003 to €168,232
mainly Current investments (-€621,260) and Stocks and contracts (-€88,623)
- Stocks and contracts +€88,623
new in 2025: €88,623
- Reserves +€345,842
up €345,842 (+13.1%), from €2.6m to €3.0m
- Financial income +€137,869
up €137,869 (+57.5%), from €239,658 to €377,527
- Taxes +€13,136
up €13,136 (+47.3%), from €27,755 to €40,891
- Gross operating margin -€2,689
down €2,689 (-4.8%), from €55,535 to €52,846
- Depreciation +€914
up €914 (+9.0%), from €10,208 to €11,122
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 | €3,507,885 | €3,853,894 | +€346,009 | +9.9% |
| Fixed assets | 21/28 | €2,180,859 | €2,170,998 | -€9,861 | -0.5% |
| Tangible fixed assets | 22/27 | €20,648 | €10,787 | -€9,861 | -47.8% |
| Furniture and vehicles | 24 | €20,648 | €10,787 | -€9,861 | -47.8% |
| Financial fixed assets | 28 | €2,160,211 | €2,160,211 | = | 0.0% |
| Current assets | 29/58 | €1,327,026 | €1,682,895 | +€355,869 | +26.8% |
| Stocks and contracts in progress | 3 | - | €88,623 | +€88,623 | |
| Stocks | 30/36 | - | €88,623 | +€88,623 | |
| Amounts receivable within one year | 40/41 | €29,684 | €30,077 | +€393 | +1.3% |
| Trade receivables | 40 | €26,681 | €26,681 | = | 0.0% |
| Other amounts receivable | 41 | €3,003 | €3,396 | +€393 | +13.1% |
| Current investments | 50/53 | €771,121 | €1,392,382 | +€621,260 | +80.6% |
| Cash at bank and in hand | 54/58 | €523,003 | €168,232 | -€354,772 | -67.8% |
| Deferred charges and accrued income | 490/1 | €3,218 | €3,583 | +€365 | +11.3% |
| Total equity and liabilities | 10/49 | €3,507,885 | €3,853,894 | +€346,009 | +9.9% |
| Equity | 10/15 | €2,713,008 | €3,058,849 | +€345,842 | +12.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €2,643,008 | €2,988,849 | +€345,842 | +13.1% |
| Distributable reserves | 133 | €2,643,008 | €2,988,849 | +€345,842 | +13.1% |
| Amounts payable | 17/49 | €794,877 | €795,044 | +€167 | 0.0% |
| Amounts payable within one year | 42/48 | €793,077 | €793,244 | +€167 | 0.0% |
| Trade debts | 44 | €907 | €905 | -€3 | -0.3% |
| Suppliers | 440/4 | €907 | €905 | -€3 | -0.3% |
| Taxes, remuneration and social security | 45 | €11,871 | €12,127 | +€257 | +2.2% |
| Taxes | 450/3 | €10,615 | €10,859 | +€244 | +2.3% |
| Remuneration and social security | 454/9 | €1,256 | €1,269 | +€13 | +1.0% |
| Other amounts payable | 47/48 | €780,299 | €780,212 | -€87 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,208 | €11,122 | +€914 | +9.0% |
| Other operating charges | 640/8 | €1,602 | €1,594 | -€9 | -0.5% |
| Gross operating margin | 9900 | €55,535 | €52,846 | -€2,689 | -4.8% |
| Operating profit (loss) | 9901 | €43,724 | €40,130 | -€3,594 | -8.2% |
| Financial income | 75/76B | €239,658 | €377,527 | +€137,869 | +57.5% |
| Recurring financial income | 75 | €239,658 | €377,527 | +€137,869 | +57.5% |
| Financial charges | 65/66B | €30,931 | €30,925 | -€6 | 0.0% |
| Recurring financial charges | 65 | €30,931 | €30,925 | -€6 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €252,451 | €386,732 | +€134,281 | +53.2% |
| Income taxes | 67/77 | €27,755 | €40,891 | +€13,136 | +47.3% |
| Profit (loss) for the period | 9904 | €224,696 | €345,842 | +€121,145 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €224,696 | €345,842 | +€121,145 | +53.9% |
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 24 October 2026 via checked.be.