BEMAX IMMO: 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.
BEMAX IMMO
Largest movements
- Tangible fixed assets -€48,545
down €48,545 (-2.3%), from €2.1m to €2.1m
of which Land and buildings: -€46,658
- Debts after one year -€60,482
down €60,482 (-6.5%), from €935,630 to €875,148
- Taxes +€9,801
up €9,801 (+192.2%), from €5,099 to €14,899
- Financial charges +€6,206
up €6,206 (+54.6%), from €11,375 to €17,581
- Depreciation +€4,284
up €4,284 (+9.7%), from €44,261 to €48,545
- Gross operating margin +€3,172
up €3,172 (+4.4%), from €72,309 to €75,481
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 | €2,162,334 | €2,109,739 | -€52,595 | -2.4% |
| Fixed assets | 21/28 | €2,127,441 | €2,078,897 | -€48,545 | -2.3% |
| Tangible fixed assets | 22/27 | €2,127,441 | €2,078,897 | -€48,545 | -2.3% |
| Land and buildings | 22 | €2,122,582 | €2,075,924 | -€46,658 | -2.2% |
| Plant, machinery and equipment | 23 | €552 | €230 | -€322 | -58.3% |
| Furniture and vehicles | 24 | €696 | €212 | -€484 | -69.5% |
| Other tangible fixed assets | 26 | €3,611 | €2,530 | -€1,081 | -29.9% |
| Current assets | 29/58 | €34,893 | €30,843 | -€4,050 | -11.6% |
| Cash at bank and in hand | 54/58 | €34,893 | €28,323 | -€6,569 | -18.8% |
| Deferred charges and accrued income | 490/1 | - | €2,519 | +€2,519 | |
| Total equity and liabilities | 10/49 | €2,162,334 | €2,109,739 | -€52,595 | -2.4% |
| Equity | 10/15 | €810,823 | €811,154 | +€331 | 0.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €779,616 | €779,624 | +€8 | 0.0% |
| Tax-exempt reserves | 132 | €722,616 | €694,624 | -€27,992 | -3.9% |
| Distributable reserves | 133 | €57,000 | €85,000 | +€28,000 | +49.1% |
| Profit (loss) carried forward | 14 | €10,747 | €11,070 | +€323 | +3.0% |
| Provisions and deferred taxes | 16 | €240,872 | €231,541 | -€9,331 | -3.9% |
| Deferred taxes | 168 | €240,872 | €231,541 | -€9,331 | -3.9% |
| Amounts payable | 17/49 | €1,110,639 | €1,067,044 | -€43,595 | -3.9% |
| Amounts payable after more than one year | 17 | €935,630 | €875,148 | -€60,482 | -6.5% |
| Financial debts | 170/4 | €935,630 | €875,148 | -€60,482 | -6.5% |
| Amounts payable within one year | 42/48 | €175,009 | €191,896 | +€16,886 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €59,457 | €60,482 | +€1,025 | +1.7% |
| Trade debts | 44 | €3,894 | €2,541 | -€1,353 | -34.7% |
| Suppliers | 440/4 | €3,894 | €2,541 | -€1,353 | -34.7% |
| Taxes, remuneration and social security | 45 | €5,099 | €14,899 | +€9,801 | +192.2% |
| Taxes | 450/3 | €5,099 | €14,899 | +€9,801 | +192.2% |
| Other amounts payable | 47/48 | €106,560 | €113,974 | +€7,414 | +7.0% |
| Non-recurring operating income | 76A | €7,500 | - | -€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,261 | €48,545 | +€4,284 | +9.7% |
| Other operating charges | 640/8 | €3,840 | €3,456 | -€383 | -10.0% |
| Gross operating margin | 9900 | €72,309 | €75,481 | +€3,172 | +4.4% |
| Operating profit (loss) | 9901 | €24,209 | €23,480 | -€729 | -3.0% |
| Financial charges | 65/66B | €11,375 | €17,581 | +€6,206 | +54.6% |
| Recurring financial charges | 65 | €11,375 | €17,581 | +€6,206 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €12,834 | €5,900 | -€6,935 | -54.0% |
| Transfer from deferred taxes | 780 | €8,853 | €9,331 | +€478 | +5.4% |
| Income taxes | 67/77 | €5,099 | €14,899 | +€9,801 | +192.2% |
| Profit (loss) for the period | 9904 | €16,589 | €331 | -€16,258 | -98.0% |
| Transfer from tax-exempt reserves | 789 | €26,559 | €27,992 | +€1,433 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,148 | €28,323 | -€14,825 | -34.4% |
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 30 September 2026 via checked.be.