BEMDER: what changed
BEMDER
Largest movements
- Tangible fixed assets +€86,905
new in 2025: €86,905
of which Land and buildings: +€82,800
- Current investments -€66,405
down €66,405 (-35.0%), from €189,579 to €123,174
- Stocks and contracts +€20,096
up €20,096 (+70.6%), from €28,464 to €48,560
- Cash -€8,898
down €8,898 (-26.5%), from €33,551 to €24,653
mainly Investment in fixed assets (net) (-€87,368) and Stocks and contracts (-€20,096)
- Deferred charges and accrued income +€3,825
up €3,825 (+871%), from €439 to €4,264
- Profit (loss) carried forward +€56,707
up €56,707 (+24.2%), from €234,618 to €291,325
- Trade debts -€18,541
down €18,541 (-92.9%), from €19,966 to €1,425
- Financial income +€22,709
new in 2025: €22,709
- Other operating charges +€20,511
new in 2025: €20,511
- Gross operating margin +€3,203
up €3,203 (+4.5%), from €70,844 to €74,047
- Taxes +€1,270
up €1,270 (+7.1%), from €17,805 to €19,074
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,526 | €301,263 | +€37,737 | +14.3% |
| Fixed assets | 21/28 | - | €86,905 | +€86,905 | |
| Tangible fixed assets | 22/27 | - | €86,905 | +€86,905 | |
| Land and buildings | 22 | - | €82,800 | +€82,800 | |
| Plant, machinery and equipment | 23 | - | €2,184 | +€2,184 | |
| Furniture and vehicles | 24 | - | €1,921 | +€1,921 | |
| Current assets | 29/58 | €263,526 | €214,358 | -€49,168 | -18.7% |
| Stocks and contracts in progress | 3 | €28,464 | €48,560 | +€20,096 | +70.6% |
| Stocks | 30/36 | €28,464 | €48,560 | +€20,096 | +70.6% |
| Amounts receivable within one year | 40/41 | €11,493 | €13,707 | +€2,214 | +19.3% |
| Trade receivables | 40 | €11,448 | €11,032 | -€416 | -3.6% |
| Other amounts receivable | 41 | €45 | €2,676 | +€2,630 | +5,808% |
| Current investments | 50/53 | €189,579 | €123,174 | -€66,405 | -35.0% |
| Cash at bank and in hand | 54/58 | €33,551 | €24,653 | -€8,898 | -26.5% |
| Deferred charges and accrued income | 490/1 | €439 | €4,264 | +€3,825 | +871% |
| Total equity and liabilities | 10/49 | €263,526 | €301,263 | +€37,737 | +14.3% |
| Equity | 10/15 | €239,618 | €296,325 | +€56,707 | +23.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €234,618 | €291,325 | +€56,707 | +24.2% |
| Amounts payable | 17/49 | €23,908 | €4,938 | -€18,970 | -79.3% |
| Amounts payable within one year | 42/48 | €22,608 | €4,428 | -€18,180 | -80.4% |
| Trade debts | 44 | €19,966 | €1,425 | -€18,541 | -92.9% |
| Suppliers | 440/4 | €19,966 | €1,425 | -€18,541 | -92.9% |
| Taxes, remuneration and social security | 45 | €2,642 | €3,003 | +€361 | +13.7% |
| Taxes | 450/3 | €2,642 | €3,003 | +€361 | +13.7% |
| Accrued charges and deferred income | 492/3 | €1,300 | €510 | -€790 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €463 | +€463 | |
| Other operating charges | 640/8 | - | €20,511 | +€20,511 | |
| Gross operating margin | 9900 | €70,844 | €74,047 | +€3,203 | +4.5% |
| Operating profit (loss) | 9901 | €70,844 | €53,072 | -€17,772 | -25.1% |
| Financial income | 75/76B | - | €22,709 | +€22,709 | |
| Recurring financial income | 75 | - | €22,709 | +€22,709 | |
| Financial charges | 65/66B | €0 | - | -€0 | |
| Recurring financial charges | 65 | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €70,843 | €75,781 | +€4,938 | +7.0% |
| Income taxes | 67/77 | €17,805 | €19,074 | +€1,270 | +7.1% |
| Profit (loss) for the period | 9904 | €53,039 | €56,707 | +€3,668 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,039 | €56,707 | +€3,668 | +6.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.