BEMCO-ECO: 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-ECO
Largest movements
- Stocks and contracts +€1.2m
up €1.2m (+115.8%), from €1.1m to €2.3m
- Receivables within one year +€868,463
up €868,463 (+460.9%), from €188,425 to €1.1m
of which Trade receivables: +€605,990
- Tangible fixed assets +€55,588
up €55,588 (+148.4%), from €37,455 to €93,044
of which Furniture and vehicles: +€37,751
- Other debts +€1.6m
up €1.6m (+118.6%), from €1.3m to €2.9m
- Trade debts +€556,438
up €556,438 (+540.4%), from €102,975 to €659,413
- Profit (loss) carried forward +€85,096
up €85,096 (+63.0%), from -€135,018 to -€49,922
- Tax, wage and social debts +€56,577
up €56,577 (+217.6%), from €26,000 to €82,577
of which Taxes: +€49,834
- Gross operating margin +€311,906
up €311,906, from -€131,924 to €179,982
- Staff costs +€62,385
new in 2025: €62,385
- Depreciation +€14,844
up €14,844 (+774.5%), from €1,917 to €16,761
- Other operating charges +€8,095
up €8,095 (+1011.7%), from €800 to €8,895
- Financial charges +€5,096
up €5,096 (+1351.1%), from €377 to €5,473
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 | €1,353,719 | €3,591,509 | +€2.2m | +165.3% |
| Fixed assets | 21/28 | €38,943 | €131,219 | +€92,276 | +236.9% |
| Intangible fixed assets | 21 | €1,488 | €8,175 | +€6,687 | +449.4% |
| Tangible fixed assets | 22/27 | €37,455 | €93,044 | +€55,588 | +148.4% |
| Plant, machinery and equipment | 23 | €6,560 | €24,397 | +€17,837 | +271.9% |
| Furniture and vehicles | 24 | €30,895 | €68,646 | +€37,751 | +122.2% |
| Financial fixed assets | 28 | - | €30,000 | +€30,000 | |
| Current assets | 29/58 | €1,314,776 | €3,460,290 | +€2.1m | +163.2% |
| Stocks and contracts in progress | 3 | €1,076,366 | €2,322,564 | +€1.2m | +115.8% |
| Stocks | 30/36 | €1,076,366 | €2,322,564 | +€1.2m | +115.8% |
| Amounts receivable within one year | 40/41 | €188,425 | €1,056,887 | +€868,463 | +460.9% |
| Trade receivables | 40 | - | €605,990 | +€605,990 | |
| Other amounts receivable | 41 | €188,425 | €450,898 | +€262,473 | +139.3% |
| Cash at bank and in hand | 54/58 | €46,458 | €77,500 | +€31,042 | +66.8% |
| Deferred charges and accrued income | 490/1 | €3,527 | €3,338 | -€189 | -5.4% |
| Total equity and liabilities | 10/49 | €1,353,719 | €3,591,509 | +€2.2m | +165.3% |
| Equity | 10/15 | -€129,018 | -€43,922 | +€85,096 | +66.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,018 | -€49,922 | +€85,096 | +63.0% |
| Amounts payable | 17/49 | €1,482,737 | €3,635,431 | +€2.2m | +145.2% |
| Amounts payable within one year | 42/48 | €1,452,737 | €3,635,431 | +€2.2m | +150.2% |
| Trade debts | 44 | €102,975 | €659,413 | +€556,438 | +540.4% |
| Suppliers | 440/4 | €102,975 | €659,413 | +€556,438 | +540.4% |
| Taxes, remuneration and social security | 45 | €26,000 | €82,577 | +€56,577 | +217.6% |
| Taxes | 450/3 | €26,000 | €75,834 | +€49,834 | +191.7% |
| Remuneration and social security | 454/9 | - | €6,743 | +€6,743 | |
| Other amounts payable | 47/48 | €1,323,762 | €2,893,441 | +€1.6m | +118.6% |
| Accrued charges and deferred income | 492/3 | €30,000 | - | -€30,000 | |
| Remuneration, social security and pensions | 62 | - | €62,385 | +€62,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,917 | €16,761 | +€14,844 | +774.5% |
| Other operating charges | 640/8 | €800 | €8,895 | +€8,095 | +1011.7% |
| Non-recurring operating charges | 66A | - | €6,102 | +€6,102 | |
| Gross operating margin | 9900 | -€131,924 | €179,982 | +€311,906 | |
| Operating profit (loss) | 9901 | -€134,640 | €85,839 | +€220,480 | |
| Financial income | 75/76B | €0 | €4,730 | +€4,730 | +15765733.3% |
| Recurring financial income | 75 | €0 | €4,730 | +€4,730 | +15765733.3% |
| Financial charges | 65/66B | €377 | €5,473 | +€5,096 | +1351.1% |
| Recurring financial charges | 65 | €377 | €5,473 | +€5,096 | +1351.1% |
| Profit (loss) for the period before taxes | 9903 | -€135,018 | €85,096 | +€220,114 | |
| Profit (loss) for the period | 9904 | -€135,018 | €85,096 | +€220,114 | |
| Profit (loss) for the period to be appropriated | 9905 | -€135,018 | €85,096 | +€220,114 |
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 12 October 2026 via checked.be.