BEMAWA: 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.
BEMAWA
Largest movements
- Financial fixed assets -€104,743
down €104,743 (-44.7%), from €234,226 to €129,483
- Receivables after one year +€33,383
up €33,383 (+483%), from €6,912 to €40,295
- Receivables within one year -€11,078
down €11,078 (-72.9%), from €15,195 to €4,117
of which Trade receivables: -€10,285
- Cash -€4,557
down €4,557 (-6.4%), from €71,305 to €66,748
mainly Contributions, distributions and other (-€45,530) and Net result for the year (-€36,318)
- Reserves -€81,857
down €81,857 (-29.4%), from €278,661 to €196,805
of which Distributable reserves: -€81,857
- Debts after one year -€4,844
no longer reported in 2025 (was €4,844)
- Financial income +€1,793
up €1,793 (+174%), from €1,031 to €2,824
- Gross operating margin +€1,787
up €1,787 (+7.6%), from €23,531 to €25,317
- Taxes -€476
down €476 (-6.2%), from €7,638 to €7,162
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 | €329,761 | €242,249 | -€87,512 | -26.5% |
| Fixed assets | 21/28 | €236,162 | €130,130 | -€106,033 | -44.9% |
| Tangible fixed assets | 22/27 | €1,936 | €646 | -€1,290 | -66.6% |
| Furniture and vehicles | 24 | €1,936 | €646 | -€1,290 | -66.6% |
| Financial fixed assets | 28 | €234,226 | €129,483 | -€104,743 | -44.7% |
| Current assets | 29/58 | €93,598 | €112,120 | +€18,521 | +19.8% |
| Amounts receivable after more than one year | 29 | €6,912 | €40,295 | +€33,383 | +483% |
| Other amounts receivable | 291 | €6,912 | €40,295 | +€33,383 | +483% |
| Amounts receivable within one year | 40/41 | €15,195 | €4,117 | -€11,078 | -72.9% |
| Trade receivables | 40 | €10,285 | - | -€10,285 | |
| Other amounts receivable | 41 | €4,910 | €4,117 | -€793 | -16.1% |
| Cash at bank and in hand | 54/58 | €71,305 | €66,748 | -€4,557 | -6.4% |
| Deferred charges and accrued income | 490/1 | €187 | €959 | +€772 | +414% |
| Total equity and liabilities | 10/49 | €329,761 | €242,249 | -€87,512 | -26.5% |
| Equity | 10/15 | €303,661 | €221,814 | -€81,847 | -27.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €278,661 | €196,805 | -€81,857 | -29.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €278,661 | €196,805 | -€81,857 | -29.4% |
| Profit (loss) carried forward | 14 | - | €10 | +€10 | |
| Amounts payable | 17/49 | €26,099 | €20,435 | -€5,664 | -21.7% |
| Amounts payable after more than one year | 17 | €4,844 | - | -€4,844 | |
| Financial debts | 170/4 | €4,844 | - | -€4,844 | |
| Amounts payable within one year | 42/48 | €20,920 | €20,100 | -€821 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €6,377 | €4,844 | -€1,533 | -24.0% |
| Trade debts | 44 | €3,018 | €1,913 | -€1,104 | -36.6% |
| Suppliers | 440/4 | €3,018 | €1,913 | -€1,104 | -36.6% |
| Taxes, remuneration and social security | 45 | €11,526 | €10,525 | -€1,001 | -8.7% |
| Taxes | 450/3 | €9,361 | €10,525 | +€1,164 | +12.4% |
| Remuneration and social security | 454/9 | €2,165 | - | -€2,165 | |
| Other amounts payable | 47/48 | - | €2,818 | +€2,818 | |
| Accrued charges and deferred income | 492/3 | €335 | €335 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,290 | €1,290 | -€0 | 0.0% |
| Other operating charges | 640/8 | €905 | €999 | +€94 | +10.3% |
| Non-recurring operating charges | 66A | - | €54,743 | +€54,743 | |
| Gross operating margin | 9900 | €23,531 | €25,317 | +€1,787 | +7.6% |
| Operating profit (loss) | 9901 | €21,336 | -€31,714 | -€53,050 | |
| Financial income | 75/76B | €1,031 | €2,824 | +€1,793 | +174% |
| Recurring financial income | 75 | €1,031 | €2,824 | +€1,793 | +174% |
| Financial charges | 65/66B | €347 | €266 | -€81 | -23.5% |
| Recurring financial charges | 65 | €347 | €266 | -€81 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €22,019 | -€29,156 | -€51,175 | |
| Income taxes | 67/77 | €7,638 | €7,162 | -€476 | -6.2% |
| Profit (loss) for the period | 9904 | €14,382 | -€36,318 | -€50,699 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,382 | -€36,318 | -€50,699 |
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 27 October 2026 via checked.be.