BEMAR: 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.
BEMAR
Largest movements
- Financial fixed assets +€1.9m
up €1.9m (+21.8%), from €8.8m to €10.7m
- Receivables within one year -€1.5m
down €1.5m (-23.6%), from €6.4m to €4.9m
of which Other amounts receivable: -€1.0m
- Tangible fixed assets +€605,359
new in 2025: €605,359
- Cash -€414,664
down €414,664 (-74.3%), from €558,159 to €143,495
mainly Investment in fixed assets (net) (-€2.5m) and Tax, wage and social debts (-€102,622)
- Debts after one year +€353,332
new in 2025: €353,332
- Profit (loss) carried forward +€291,830
up €291,830 (+2.0%), from €14.3m to €14.6m
- Gross operating margin -€55,084
down €55,084, from €16,882 to -€38,202
- Depreciation +€24,641
new in 2025: €24,641
- Staff costs +€16,585
up €16,585 (+29.3%), from €56,642 to €73,227
- Financial charges +€4,308
up €4,308 (+31.6%), from €13,635 to €17,943
of which Financial charges: +€4,308
- Taxes +€3,072
up €3,072 (+1,112%), from €276 to €3,348
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 | €15,777,373 | €16,353,369 | +€575,996 | +3.7% |
| Fixed assets | 21/28 | €8,799,822 | €11,323,501 | +€2.5m | +28.7% |
| Tangible fixed assets | 22/27 | - | €605,359 | +€605,359 | |
| Land and buildings | 22 | - | €605,359 | +€605,359 | |
| Financial fixed assets | 28 | €8,799,822 | €10,718,142 | +€1.9m | +21.8% |
| Current assets | 29/58 | €6,977,552 | €5,029,868 | -€1.9m | -27.9% |
| Amounts receivable within one year | 40/41 | €6,398,254 | €4,885,332 | -€1.5m | -23.6% |
| Trade receivables | 40 | €500,000 | - | -€500,000 | |
| Other amounts receivable | 41 | €5,898,254 | €4,885,332 | -€1.0m | -17.2% |
| Cash at bank and in hand | 54/58 | €558,159 | €143,495 | -€414,664 | -74.3% |
| Deferred charges and accrued income | 490/1 | €21,139 | €1,041 | -€20,097 | -95.1% |
| Total equity and liabilities | 10/49 | €15,777,373 | €16,353,369 | +€575,996 | +3.7% |
| Equity | 10/15 | €15,658,399 | €15,950,229 | +€291,830 | +1.9% |
| Contributions | 10/11 | €1,230,000 | €1,230,000 | = | 0.0% |
| Capital | 10 | €1,230,000 | €1,230,000 | = | 0.0% |
| Issued capital | 100 | €1,230,000 | €1,230,000 | = | 0.0% |
| Reserves | 13 | €125,392 | €125,392 | = | 0.0% |
| Non-distributable reserves | 130/1 | €124,700 | €124,700 | = | 0.0% |
| Legal reserve | 130 | €124,700 | €124,700 | = | 0.0% |
| Distributable reserves | 133 | €692 | €692 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,303,007 | €14,594,837 | +€291,830 | +2.0% |
| Amounts payable | 17/49 | €118,974 | €403,140 | +€284,166 | +239% |
| Amounts payable after more than one year | 17 | - | €353,332 | +€353,332 | |
| Financial debts | 170/4 | - | €353,332 | +€353,332 | |
| Amounts payable within one year | 42/48 | €118,911 | €49,808 | -€69,104 | -58.1% |
| Financial debts | 43 | - | €26,667 | +€26,667 | |
| Credit institutions | 430/8 | - | €26,667 | +€26,667 | |
| Trade debts | 44 | €467 | €7,318 | +€6,851 | +1,467% |
| Suppliers | 440/4 | €467 | €7,318 | +€6,851 | +1,467% |
| Taxes, remuneration and social security | 45 | €118,445 | €15,823 | -€102,622 | -86.6% |
| Taxes | 450/3 | €106,980 | €5,465 | -€101,515 | -94.9% |
| Remuneration and social security | 454/9 | €11,464 | €10,358 | -€1,106 | -9.7% |
| Accrued charges and deferred income | 492/3 | €62 | - | -€62 | |
| Non-recurring operating income | 76A | - | €57 | +€57 | |
| Remuneration, social security and pensions | 62 | €56,642 | €73,227 | +€16,585 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €24,641 | +€24,641 | |
| Other operating charges | 640/8 | €1,183 | €3,765 | +€2,582 | +218% |
| Gross operating margin | 9900 | €16,882 | -€38,202 | -€55,084 | |
| Operating profit (loss) | 9901 | -€40,943 | -€139,836 | -€98,893 | -242% |
| Financial income | 75/76B | €453,254 | €452,957 | -€297 | -0.1% |
| Recurring financial income | 75 | €323,062 | €452,957 | +€129,896 | +40.2% |
| Non-recurring financial income | 76B | €130,192 | - | -€130,192 | |
| Financial charges | 65/66B | €13,635 | €17,943 | +€4,308 | +31.6% |
| Recurring financial charges | 65 | €13,635 | €17,943 | +€4,308 | +31.6% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €398,676 | €295,178 | -€103,497 | -26.0% |
| Income taxes | 67/77 | €276 | €3,348 | +€3,072 | +1,112% |
| Profit (loss) for the period | 9904 | €398,399 | €291,830 | -€106,570 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €398,399 | €291,830 | -€106,570 | -26.7% |
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 23 October 2026 via checked.be.