BEMALU: 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.
BEMALU
Largest movements
- Current investments +€35,000
up €35,000 (+70.0%), from €50,000 to €85,000
- Cash -€21,406
down €21,406 (-57.9%), from €36,971 to €15,565
mainly Current investments (-€35,000) and Contributions, distributions and other (-€10,539)
- Receivables within one year +€1,845
up €1,845 (+101.7%), from €1,815 to €3,660
of which Trade receivables: +€1,815
- Other debts +€16,997
up €16,997 (+49.4%), from €34,381 to €51,378
- Accrued charges and deferred income -€1,715
down €1,715 (-40.7%), from €4,216 to €2,501
- Gross operating margin +€2,123
up €2,123 (+14.9%), from €14,200 to €16,323
- Financial income +€1,805
up €1,805 (+18049300.0%), from €0 to €1,805
- Depreciation +€402
up €402 (+220.2%), from €182 to €584
- Taxes +€169
up €169 (+5.0%), from €3,371 to €3,540
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 | €92,030 | €106,904 | +€14,875 | +16.2% |
| Fixed assets | 21/28 | €2,739 | €2,155 | -€584 | -21.3% |
| Tangible fixed assets | 22/27 | €2,739 | €2,155 | -€584 | -21.3% |
| Plant, machinery and equipment | 23 | €2,739 | €2,155 | -€584 | -21.3% |
| Current assets | 29/58 | €89,291 | €104,750 | +€15,459 | +17.3% |
| Amounts receivable within one year | 40/41 | €1,815 | €3,660 | +€1,845 | +101.7% |
| Trade receivables | 40 | €1,815 | €3,630 | +€1,815 | +100.0% |
| Other amounts receivable | 41 | €0 | €30 | +€30 | |
| Current investments | 50/53 | €50,000 | €85,000 | +€35,000 | +70.0% |
| Cash at bank and in hand | 54/58 | €36,971 | €15,565 | -€21,406 | -57.9% |
| Deferred charges and accrued income | 490/1 | €505 | €525 | +€20 | +3.9% |
| Total equity and liabilities | 10/49 | €92,030 | €106,904 | +€14,875 | +16.2% |
| Equity | 10/15 | €50,618 | €50,618 | = | 0.0% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €26,618 | €26,618 | = | 0.0% |
| Distributable reserves | 133 | €26,618 | €26,618 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €41,412 | €56,286 | +€14,875 | +35.9% |
| Amounts payable within one year | 42/48 | €37,196 | €53,786 | +€16,590 | +44.6% |
| Trade debts | 44 | €509 | €84 | -€426 | -83.6% |
| Suppliers | 440/4 | €509 | €84 | -€426 | -83.6% |
| Taxes, remuneration and social security | 45 | €2,305 | €2,324 | +€18 | +0.8% |
| Taxes | 450/3 | €2,305 | €2,324 | +€18 | +0.8% |
| Other amounts payable | 47/48 | €34,381 | €51,378 | +€16,997 | +49.4% |
| Accrued charges and deferred income | 492/3 | €4,216 | €2,501 | -€1,715 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182 | €584 | +€402 | +220.2% |
| Other operating charges | 640/8 | €762 | €781 | +€18 | +2.4% |
| Gross operating margin | 9900 | €14,200 | €16,323 | +€2,123 | +14.9% |
| Operating profit (loss) | 9901 | €13,256 | €14,958 | +€1,703 | +12.8% |
| Financial income | 75/76B | €0 | €1,805 | +€1,805 | +18049300.0% |
| Recurring financial income | 75 | €0 | €1,805 | +€1,805 | +18049300.0% |
| Financial charges | 65/66B | €2,726 | €2,684 | -€42 | -1.5% |
| Recurring financial charges | 65 | €2,726 | €2,684 | -€42 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €10,530 | €14,079 | +€3,549 | +33.7% |
| Income taxes | 67/77 | €3,371 | €3,540 | +€169 | +5.0% |
| Profit (loss) for the period | 9904 | €7,158 | €10,539 | +€3,381 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,158 | €10,539 | +€3,381 | +47.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.