BEMCO: 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.
BEMCO
Largest movements
- Cash +€24,999
up €24,999 (+32.1%), from €77,871 to €102,870
mainly Receivables within one year (+€13,234) and Depreciation (+€10,538)
- Receivables within one year -€13,234
down €13,234 (-55.2%), from €23,957 to €10,724
of which Trade receivables: -€21,554
- Tangible fixed assets -€8,630
down €8,630 (-48.7%), from €17,723 to €9,093
- Tax, wage and social debts -€5,915
down €5,915 (-100%), from €5,915 to €0
- Reserves +€5,771
up €5,771 (+6.5%), from €88,571 to €94,342
- Other debts +€3,183
up €3,183 (+18.3%), from €17,389 to €20,572
- Gross operating margin -€102,051
down €102,051 (-83.4%), from €122,330 to €20,279
- Taxes -€21,448
down €21,448 (-92.7%), from €23,143 to €1,695
- Depreciation +€1,542
up €1,542 (+17.1%), from €8,997 to €10,538
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 | €119,586 | €122,725 | +€3,139 | +2.6% |
| Fixed assets | 21/28 | €17,723 | €9,093 | -€8,630 | -48.7% |
| Tangible fixed assets | 22/27 | €17,723 | €9,093 | -€8,630 | -48.7% |
| Furniture and vehicles | 24 | €17,723 | €9,093 | -€8,630 | -48.7% |
| Current assets | 29/58 | €101,863 | €113,632 | +€11,769 | +11.6% |
| Amounts receivable within one year | 40/41 | €23,957 | €10,724 | -€13,234 | -55.2% |
| Trade receivables | 40 | €22,100 | €546 | -€21,554 | -97.5% |
| Other amounts receivable | 41 | €1,857 | €10,178 | +€8,321 | +448% |
| Cash at bank and in hand | 54/58 | €77,871 | €102,870 | +€24,999 | +32.1% |
| Deferred charges and accrued income | 490/1 | €34 | €39 | +€4 | +12.3% |
| Total equity and liabilities | 10/49 | €119,586 | €122,725 | +€3,139 | +2.6% |
| Equity | 10/15 | €93,571 | €99,342 | +€5,771 | +6.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €88,571 | €94,342 | +€5,771 | +6.5% |
| Distributable reserves | 133 | €88,571 | €94,342 | +€5,771 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,015 | €23,383 | -€2,632 | -10.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €25,537 | €22,148 | -€3,389 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €821 | €0 | -€821 | -100% |
| Trade debts | 44 | €1,410 | €1,576 | +€165 | +11.7% |
| Suppliers | 440/4 | €1,410 | €1,576 | +€165 | +11.7% |
| Taxes, remuneration and social security | 45 | €5,915 | €0 | -€5,915 | -100% |
| Taxes | 450/3 | €5,915 | €0 | -€5,915 | -100% |
| Other amounts payable | 47/48 | €17,389 | €20,572 | +€3,183 | +18.3% |
| Accrued charges and deferred income | 492/3 | €478 | €1,235 | +€756 | +158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,997 | €10,538 | +€1,542 | +17.1% |
| Other operating charges | 640/8 | €754 | €776 | +€22 | +2.9% |
| Gross operating margin | 9900 | €122,330 | €20,279 | -€102,051 | -83.4% |
| Operating profit (loss) | 9901 | €112,580 | €8,965 | -€103,614 | -92.0% |
| Financial charges | 65/66B | €866 | €1,499 | +€634 | +73.2% |
| Recurring financial charges | 65 | €866 | €1,499 | +€634 | +73.2% |
| Profit (loss) for the period before taxes | 9903 | €111,714 | €7,466 | -€104,248 | -93.3% |
| Income taxes | 67/77 | €23,143 | €1,695 | -€21,448 | -92.7% |
| Profit (loss) for the period | 9904 | €88,571 | €5,771 | -€82,800 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €88,571 | €5,771 | -€82,800 | -93.5% |
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 20 October 2026 via checked.be.