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
- Receivables within one year +€930,864
up €930,864 (+233%), from €399,971 to €1.3m
of which Other amounts receivable: +€986,324
- Cash -€495,686
down €495,686 (-98.4%), from €503,787 to €8,102
mainly Debts after one year (-€1.1m) and Receivables within one year (-€930,864)
- Tangible fixed assets -€369,488
down €369,488 (-5.1%), from €7.2m to €6.9m
of which Land and buildings: -€465,401
- Debts after one year -€1.1m
down €1.1m (-32.1%), from €3.5m to €2.4m
- Current portion of long-term debt +€853,623
up €853,623 (+245%), from €348,753 to €1.2m
- Profit (loss) carried forward +€200,647
up €200,647 (+57.2%), from €350,759 to €551,407
- Accrued charges and deferred income +€86,782
up €86,782 (+1,010%), from €8,596 to €95,378
- Depreciation -€66,924
down €66,924 (-12.1%), from €552,267 to €485,343
- Write-downs +€55,802
new in 2025: €55,802
- Gross operating margin -€47,762
down €47,762 (-4.5%), from €1.1m to €1.0m
- Financial income +€23,865
up €23,865 (+365%), from €6,535 to €30,400
- Financial charges -€19,441
down €19,441 (-14.4%), from €134,900 to €115,459
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 | €8,176,753 | €8,214,210 | +€37,457 | +0.5% |
| Fixed assets | 21/28 | €7,240,611 | €6,871,123 | -€369,488 | -5.1% |
| Tangible fixed assets | 22/27 | €7,240,574 | €6,871,086 | -€369,488 | -5.1% |
| Land and buildings | 22 | €7,193,360 | €6,727,959 | -€465,401 | -6.5% |
| Plant, machinery and equipment | 23 | €45,202 | €37,621 | -€7,581 | -16.8% |
| Furniture and vehicles | 24 | €2,011 | €1,724 | -€287 | -14.3% |
| Assets under construction and advance payments | 27 | - | €103,782 | +€103,782 | |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €936,142 | €1,343,087 | +€406,945 | +43.5% |
| Amounts receivable within one year | 40/41 | €399,971 | €1,330,835 | +€930,864 | +233% |
| Trade receivables | 40 | €279,504 | €224,044 | -€55,460 | -19.8% |
| Other amounts receivable | 41 | €120,467 | €1,106,792 | +€986,324 | +819% |
| Cash at bank and in hand | 54/58 | €503,787 | €8,102 | -€495,686 | -98.4% |
| Deferred charges and accrued income | 490/1 | €32,383 | €4,150 | -€28,233 | -87.2% |
| Total equity and liabilities | 10/49 | €8,176,753 | €8,214,210 | +€37,457 | +0.5% |
| Equity | 10/15 | €3,199,260 | €3,401,943 | +€202,683 | +6.3% |
| Contributions | 10/11 | €1,182,850 | €1,182,850 | = | 0.0% |
| Capital | 10 | €1,182,850 | €1,182,850 | = | 0.0% |
| Issued capital | 100 | €1,182,850 | €1,182,850 | = | 0.0% |
| Reserves | 13 | €1,665,651 | €1,667,686 | +€2,036 | +0.1% |
| Non-distributable reserves | 130/1 | €116,249 | €118,285 | +€2,036 | +1.8% |
| Legal reserve | 130 | €116,249 | €118,285 | +€2,036 | +1.8% |
| Tax-exempt reserves | 132 | €1,193,966 | €1,193,966 | = | 0.0% |
| Distributable reserves | 133 | €355,435 | €355,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | €350,759 | €551,407 | +€200,647 | +57.2% |
| Provisions and deferred taxes | 16 | €397,989 | €397,989 | = | 0.0% |
| Deferred taxes | 168 | €397,989 | €397,989 | = | 0.0% |
| Amounts payable | 17/49 | €4,579,504 | €4,414,278 | -€165,226 | -3.6% |
| Amounts payable after more than one year | 17 | €3,467,612 | €2,352,801 | -€1.1m | -32.1% |
| Financial debts | 170/4 | €3,467,612 | €2,352,801 | -€1.1m | -32.1% |
| Amounts payable within one year | 42/48 | €1,103,296 | €1,966,099 | +€862,804 | +78.2% |
| Current portion of amounts payable after more than one year | 42 | €348,753 | €1,202,375 | +€853,623 | +245% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €175,210 | €221,275 | +€46,066 | +26.3% |
| Suppliers | 440/4 | €175,210 | €221,275 | +€46,066 | +26.3% |
| Taxes, remuneration and social security | 45 | €77,885 | €41,001 | -€36,884 | -47.4% |
| Taxes | 450/3 | €77,885 | €41,001 | -€36,884 | -47.4% |
| Other amounts payable | 47/48 | €1,448 | €1,448 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,596 | €95,378 | +€86,782 | +1,010% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €552,267 | €485,343 | -€66,924 | -12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €55,802 | +€55,802 | |
| Other operating charges | 640/8 | €104,867 | €103,059 | -€1,808 | -1.7% |
| Gross operating margin | 9900 | €1,053,089 | €1,005,327 | -€47,762 | -4.5% |
| Operating profit (loss) | 9901 | €395,955 | €361,123 | -€34,832 | -8.8% |
| Financial income | 75/76B | €6,535 | €30,400 | +€23,865 | +365% |
| Recurring financial income | 75 | €6,535 | €30,400 | +€23,865 | +365% |
| Financial charges | 65/66B | €134,900 | €115,459 | -€19,441 | -14.4% |
| Recurring financial charges | 65 | €134,900 | €115,459 | -€19,441 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €267,590 | €276,064 | +€8,474 | +3.2% |
| Transfer from deferred taxes | 780 | €9,286 | - | -€9,286 | |
| Income taxes | 67/77 | €81,185 | €73,381 | -€7,804 | -9.6% |
| Profit (loss) for the period | 9904 | €195,692 | €202,683 | +€6,992 | +3.6% |
| Transfer from tax-exempt reserves | 789 | €38,902 | - | -€38,902 | |
| Profit (loss) for the period to be appropriated | 9905 | €234,594 | €202,683 | -€31,911 | -13.6% |
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 29 October 2026 via checked.be.