BEMARE: 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.
BEMARE
Largest movements
- Receivables within one year -€54,310
down €54,310 (-21.3%), from €255,144 to €200,834
of which Trade receivables: -€53,147
- Cash -€10,984
down €10,984 (-83.8%), from €13,100 to €2,116
mainly Other debts (-€54,258) and Tax, wage and social debts (-€26,795)
- Other debts -€54,258
no longer reported in 2025 (was €54,258)
- Tax, wage and social debts -€26,795
down €26,795 (-84.9%), from €31,573 to €4,777
- Profit (loss) carried forward +€15,795
up €15,795 (+16.6%), from €95,329 to €111,124
- Gross operating margin -€183,092
down €183,092 (-89.1%), from €205,489 to €22,397
- Taxes -€26,993
down €26,993 (-85.5%), from €31,573 to €4,579
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 | €269,885 | €202,950 | -€66,934 | -24.8% |
| Fixed assets | 21/28 | €1,641 | - | -€1,641 | |
| Tangible fixed assets | 22/27 | €1,641 | - | -€1,641 | |
| Furniture and vehicles | 24 | €1,641 | - | -€1,641 | |
| Current assets | 29/58 | €268,244 | €202,950 | -€65,294 | -24.3% |
| Amounts receivable within one year | 40/41 | €255,144 | €200,834 | -€54,310 | -21.3% |
| Trade receivables | 40 | €253,656 | €200,509 | -€53,147 | -21.0% |
| Other amounts receivable | 41 | €1,488 | €325 | -€1,163 | -78.1% |
| Cash at bank and in hand | 54/58 | €13,100 | €2,116 | -€10,984 | -83.8% |
| Total equity and liabilities | 10/49 | €269,885 | €202,950 | -€66,934 | -24.8% |
| Equity | 10/15 | €98,329 | €114,124 | +€15,795 | +16.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,329 | €111,124 | +€15,795 | +16.6% |
| Amounts payable | 17/49 | €171,556 | €88,826 | -€82,729 | -48.2% |
| Amounts payable after more than one year | 17 | €80,639 | €81,308 | +€668 | +0.8% |
| Financial debts | 170/4 | €80,639 | €81,308 | +€668 | +0.8% |
| Amounts payable within one year | 42/48 | €90,916 | €7,518 | -€83,398 | -91.7% |
| Trade debts | 44 | €5,085 | €2,741 | -€2,344 | -46.1% |
| Suppliers | 440/4 | €5,085 | €2,741 | -€2,344 | -46.1% |
| Taxes, remuneration and social security | 45 | €31,573 | €4,777 | -€26,795 | -84.9% |
| Taxes | 450/3 | €31,573 | €4,777 | -€26,795 | -84.9% |
| Other amounts payable | 47/48 | €54,258 | - | -€54,258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,438 | €1,641 | -€797 | -32.7% |
| Other operating charges | 640/8 | - | €248 | +€248 | |
| Gross operating margin | 9900 | €205,489 | €22,397 | -€183,092 | -89.1% |
| Operating profit (loss) | 9901 | €203,051 | €20,509 | -€182,543 | -89.9% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €276 | €135 | -€141 | -51.2% |
| Recurring financial charges | 65 | €276 | €135 | -€141 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €202,780 | €20,374 | -€182,405 | -90.0% |
| Income taxes | 67/77 | €31,573 | €4,579 | -€26,993 | -85.5% |
| Profit (loss) for the period | 9904 | €171,207 | €15,795 | -€155,412 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €171,207 | €15,795 | -€155,412 | -90.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.