BEMAPRO: 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.
BEMAPRO
Largest movements
- Stocks and contracts -€300,499
down €300,499 (-65.3%), from €460,499 to €160,000
- Cash +€60,744
up €60,744 (+73.3%), from €82,921 to €143,665
mainly Stocks and contracts (+€300,499) and Depreciation (+€175,972)
- Tangible fixed assets +€52,821
up €52,821 (+4.4%), from €1.2m to €1.2m
of which Plant, machinery and equipment: +€77,952
- Other debts +€171,344
up €171,344 (+40.8%), from €419,636 to €590,979
- Debts after one year -€121,603
down €121,603 (-32.3%), from €376,984 to €255,381
of which Financial debts: -€121,603
- Tax, wage and social debts -€103,058
down €103,058 (-93.9%), from €109,779 to €6,721
- Short-term financial debts -€75,000
no longer reported in 2025 (was €75,000)
- Trade debts -€25,743
down €25,743 (-47.1%), from €54,641 to €28,899
- Gross operating margin -€224,508
down €224,508 (-36.7%), from €611,574 to €387,066
- Taxes -€67,190
down €67,190 (-55.8%), from €120,479 to €53,289
- Financial charges -€56,223
down €56,223 (-79.5%), from €70,726 to €14,503
- Depreciation +€24,796
up €24,796 (+16.4%), from €151,177 to €175,972
- Financial income -€8,003
down €8,003 (-98.8%), from €8,099 to €96
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 | €1,830,377 | €1,653,280 | -€177,097 | -9.7% |
| Fixed assets | 21/28 | €1,191,412 | €1,244,405 | +€52,993 | +4.4% |
| Tangible fixed assets | 22/27 | €1,189,295 | €1,242,116 | +€52,821 | +4.4% |
| Land and buildings | 22 | €964,700 | €928,465 | -€36,236 | -3.8% |
| Plant, machinery and equipment | 23 | €152,397 | €230,348 | +€77,952 | +51.2% |
| Furniture and vehicles | 24 | - | €28,432 | +€28,432 | |
| Leasing and similar rights | 25 | €72,198 | €54,871 | -€17,328 | -24.0% |
| Financial fixed assets | 28 | €2,117 | €2,289 | +€173 | +8.1% |
| Current assets | 29/58 | €638,965 | €408,875 | -€230,091 | -36.0% |
| Stocks and contracts in progress | 3 | €460,499 | €160,000 | -€300,499 | -65.3% |
| Stocks | 30/36 | €460,499 | €160,000 | -€300,499 | -65.3% |
| Amounts receivable within one year | 40/41 | €87,341 | €97,390 | +€10,049 | +11.5% |
| Trade receivables | 40 | €87,194 | €60,678 | -€26,515 | -30.4% |
| Other amounts receivable | 41 | €148 | €36,712 | +€36,564 | +24740.7% |
| Cash at bank and in hand | 54/58 | €82,921 | €143,665 | +€60,744 | +73.3% |
| Deferred charges and accrued income | 490/1 | €8,204 | €7,819 | -€385 | -4.7% |
| Total equity and liabilities | 10/49 | €1,830,377 | €1,653,280 | -€177,097 | -9.7% |
| Equity | 10/15 | €673,442 | €649,697 | -€23,745 | -3.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €610,550 | €586,800 | -€23,750 | -3.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €604,350 | €580,600 | -€23,750 | -3.9% |
| Profit (loss) carried forward | 14 | €892 | €897 | +€5 | +0.6% |
| Amounts payable | 17/49 | €1,156,936 | €1,003,583 | -€153,353 | -13.3% |
| Amounts payable after more than one year | 17 | €376,984 | €255,381 | -€121,603 | -32.3% |
| Financial debts | 170/4 | €309,274 | €187,671 | -€121,603 | -39.3% |
| Other amounts payable | 178/9 | €67,710 | €67,710 | = | 0.0% |
| Amounts payable within one year | 42/48 | €779,952 | €748,202 | -€31,750 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €120,896 | €121,603 | +€707 | +0.6% |
| Financial debts | 43 | €75,000 | - | -€75,000 | |
| Credit institutions | 430/8 | €75,000 | - | -€75,000 | |
| Trade debts | 44 | €54,641 | €28,899 | -€25,743 | -47.1% |
| Suppliers | 440/4 | €54,641 | €28,899 | -€25,743 | -47.1% |
| Taxes, remuneration and social security | 45 | €109,779 | €6,721 | -€103,058 | -93.9% |
| Taxes | 450/3 | €109,779 | €6,721 | -€103,058 | -93.9% |
| Other amounts payable | 47/48 | €419,636 | €590,979 | +€171,344 | +40.8% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,177 | €175,972 | +€24,796 | +16.4% |
| Other operating charges | 640/8 | €10,680 | €17,143 | +€6,463 | +60.5% |
| Gross operating margin | 9900 | €611,574 | €387,066 | -€224,508 | -36.7% |
| Operating profit (loss) | 9901 | €449,717 | €193,950 | -€255,767 | -56.9% |
| Financial income | 75/76B | €8,099 | €96 | -€8,003 | -98.8% |
| Recurring financial income | 75 | €8,099 | €96 | -€8,003 | -98.8% |
| Financial charges | 65/66B | €70,726 | €14,503 | -€56,223 | -79.5% |
| Recurring financial charges | 65 | €70,726 | €14,503 | -€56,223 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €387,091 | €179,544 | -€207,547 | -53.6% |
| Income taxes | 67/77 | €120,479 | €53,289 | -€67,190 | -55.8% |
| Profit (loss) for the period | 9904 | €266,612 | €126,255 | -€140,356 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €266,612 | €126,255 | -€140,356 | -52.6% |
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 4 October 2026 via checked.be.