BEMAPACK: 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.
BEMAPACK
Largest movements
- Receivables within one year +€141,087
up €141,087 (+84.3%), from €167,314 to €308,401
of which Trade receivables: +€141,071
- Stocks and contracts -€113,879
down €113,879 (-24.2%), from €471,056 to €357,176
- Tangible fixed assets -€70,081
down €70,081 (-3.7%), from €1.9m to €1.8m
of which Leasing and similar rights: -€55,244
- Formation expenses +€35,905
up €35,905 (+707.4%), from €5,076 to €40,981
- Intangible fixed assets +€34,222
up €34,222 (+55.1%), from €62,089 to €96,311
- Debts after one year -€107,505
down €107,505 (-7.0%), from €1.5m to €1.4m
- Short-term financial debts +€75,131
up €75,131 (+47.5%), from €158,176 to €233,307
- Trade debts +€59,466
up €59,466 (+17.0%), from €350,742 to €410,208
- Tax, wage and social debts +€33,033
up €33,033 (+41.3%), from €80,026 to €113,059
of which Remuneration and social security: +€27,446
- Staff costs +€37,700
up €37,700 (+13.3%), from €282,890 to €320,589
- Gross operating margin +€24,295
up €24,295 (+4.3%), from €568,248 to €592,543
- Other operating charges +€19,420
up €19,420 (+1128.5%), from €1,721 to €21,140
- Financial charges -€9,985
down €9,985 (-9.1%), from €109,452 to €99,468
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 | €2,656,708 | €2,700,894 | +€44,186 | +1.7% |
| Formation expenses | 20 | €5,076 | €40,981 | +€35,905 | +707.4% |
| Fixed assets | 21/28 | €1,977,138 | €1,941,278 | -€35,859 | -1.8% |
| Intangible fixed assets | 21 | €62,089 | €96,311 | +€34,222 | +55.1% |
| Tangible fixed assets | 22/27 | €1,914,925 | €1,844,843 | -€70,081 | -3.7% |
| Land and buildings | 22 | €64,293 | €54,744 | -€9,549 | -14.9% |
| Plant, machinery and equipment | 23 | €229,519 | €218,340 | -€11,179 | -4.9% |
| Furniture and vehicles | 24 | €1,854 | €8,739 | +€6,886 | +371.5% |
| Leasing and similar rights | 25 | €1,569,072 | €1,513,828 | -€55,244 | -3.5% |
| Other tangible fixed assets | 26 | €50,187 | €49,191 | -€995 | -2.0% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €674,495 | €718,635 | +€44,140 | +6.5% |
| Amounts receivable after more than one year | 29 | €14,668 | €9,868 | -€4,800 | -32.7% |
| Other amounts receivable | 291 | €14,668 | €9,868 | -€4,800 | -32.7% |
| Stocks and contracts in progress | 3 | €471,056 | €357,176 | -€113,879 | -24.2% |
| Stocks | 30/36 | €471,056 | €357,176 | -€113,879 | -24.2% |
| Amounts receivable within one year | 40/41 | €167,314 | €308,401 | +€141,087 | +84.3% |
| Trade receivables | 40 | €162,508 | €303,579 | +€141,071 | +86.8% |
| Other amounts receivable | 41 | €4,806 | €4,823 | +€16 | +0.3% |
| Cash at bank and in hand | 54/58 | €2,230 | €8,135 | +€5,905 | +264.7% |
| Deferred charges and accrued income | 490/1 | €19,226 | €35,054 | +€15,828 | +82.3% |
| Total equity and liabilities | 10/49 | €2,656,708 | €2,700,894 | +€44,186 | +1.7% |
| Equity | 10/15 | €320,037 | €328,992 | +€8,955 | +2.8% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Capital | 10 | €225,000 | €225,000 | = | 0.0% |
| Issued capital | 100 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €5,086 | €5,086 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,086 | €5,086 | = | 0.0% |
| Legal reserve | 130 | €5,086 | €5,086 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,952 | €98,907 | +€8,955 | +10.0% |
| Amounts payable | 17/49 | €2,336,671 | €2,371,902 | +€35,231 | +1.5% |
| Amounts payable after more than one year | 17 | €1,542,826 | €1,435,321 | -€107,505 | -7.0% |
| Financial debts | 170/4 | €1,542,826 | €1,435,321 | -€107,505 | -7.0% |
| Amounts payable within one year | 42/48 | €791,658 | €934,758 | +€143,100 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €181,387 | €157,047 | -€24,340 | -13.4% |
| Financial debts | 43 | €158,176 | €233,307 | +€75,131 | +47.5% |
| Credit institutions | 430/8 | €158,176 | €233,307 | +€75,131 | +47.5% |
| Trade debts | 44 | €350,742 | €410,208 | +€59,466 | +17.0% |
| Suppliers | 440/4 | €350,742 | €410,208 | +€59,466 | +17.0% |
| Taxes, remuneration and social security | 45 | €80,026 | €113,059 | +€33,033 | +41.3% |
| Taxes | 450/3 | €36,573 | €42,159 | +€5,586 | +15.3% |
| Remuneration and social security | 454/9 | €43,454 | €70,900 | +€27,446 | +63.2% |
| Other amounts payable | 47/48 | €21,328 | €21,137 | -€191 | -0.9% |
| Accrued charges and deferred income | 492/3 | €2,187 | €1,823 | -€364 | -16.6% |
| Non-recurring operating income | 76A | €0 | €5,339 | +€5,339 | |
| Remuneration, social security and pensions | 62 | €282,890 | €320,589 | +€37,700 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,776 | €141,059 | -€5,718 | -3.9% |
| Other operating charges | 640/8 | €1,721 | €21,140 | +€19,420 | +1128.5% |
| Non-recurring operating charges | 66A | €1,000 | €0 | -€1,000 | -100.0% |
| Gross operating margin | 9900 | €568,248 | €592,543 | +€24,295 | +4.3% |
| Operating profit (loss) | 9901 | €135,862 | €109,755 | -€26,107 | -19.2% |
| Financial income | 75/76B | €79 | €215 | +€136 | +172.3% |
| Recurring financial income | 75 | €79 | €215 | +€136 | +172.3% |
| Financial charges | 65/66B | €109,452 | €99,468 | -€9,985 | -9.1% |
| Recurring financial charges | 65 | €109,452 | €99,468 | -€9,985 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €26,489 | €10,502 | -€15,987 | -60.4% |
| Income taxes | 67/77 | €6,773 | €1,547 | -€5,226 | -77.2% |
| Profit (loss) for the period | 9904 | €19,715 | €8,955 | -€10,760 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,715 | €8,955 | -€10,760 | -54.6% |
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 5 October 2026 via checked.be.