BEMECO: 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.
BEMECO
Largest movements
- Cash +€196,360
up €196,360 (+29.4%), from €667,517 to €863,877
mainly Net result for the year (+€481,435) and Other debts (+€285,714)
- Stocks and contracts +€55,000
up €55,000 (+23.0%), from €239,000 to €294,000
of which Contracts in progress: +€118,620
- Tangible fixed assets -€36,584
down €36,584 (-5.8%), from €632,361 to €595,777
of which Furniture and vehicles: -€42,154
- Other debts +€285,714
new in 2025: €285,714
- Profit (loss) carried forward +€195,721
up €195,721 (+11.6%), from €1.7m to €1.9m
- Debts after one year -€189,435
no longer reported in 2025 (was €189,435)
- Current portion of long-term debt -€38,443
down €38,443 (-60.1%), from €63,989 to €25,547
- Trade debts -€28,460
down €28,460 (-22.6%), from €125,706 to €97,246
- Gross operating margin +€138,532
up €138,532 (+14.9%), from €930,591 to €1.1m
- Staff costs +€63,138
up €63,138 (+29.1%), from €216,785 to €279,924
- Depreciation -€20,558
down €20,558 (-12.2%), from €168,009 to €147,451
- Taxes +€16,245
up €16,245 (+12.5%), from €130,408 to €146,653
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 | €2,207,503 | €2,424,394 | +€216,890 | +9.8% |
| Formation expenses | 20 | €1,044 | €783 | -€261 | -25.0% |
| Fixed assets | 21/28 | €639,960 | €609,125 | -€30,835 | -4.8% |
| Intangible fixed assets | 21 | €6,898 | €12,648 | +€5,749 | +83.3% |
| Tangible fixed assets | 22/27 | €632,361 | €595,777 | -€36,584 | -5.8% |
| Land and buildings | 22 | €459,227 | €431,244 | -€27,983 | -6.1% |
| Plant, machinery and equipment | 23 | €58,499 | €92,052 | +€33,553 | +57.4% |
| Furniture and vehicles | 24 | €114,635 | €72,481 | -€42,154 | -36.8% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €1,566,499 | €1,814,486 | +€247,986 | +15.8% |
| Stocks and contracts in progress | 3 | €239,000 | €294,000 | +€55,000 | +23.0% |
| Stocks | 30/36 | €239,000 | €175,380 | -€63,620 | -26.6% |
| Contracts in progress | 37 | - | €118,620 | +€118,620 | |
| Amounts receivable within one year | 40/41 | €645,066 | €640,958 | -€4,109 | -0.6% |
| Trade receivables | 40 | €634,609 | €617,963 | -€16,646 | -2.6% |
| Other amounts receivable | 41 | €10,457 | €22,994 | +€12,537 | +120% |
| Cash at bank and in hand | 54/58 | €667,517 | €863,877 | +€196,360 | +29.4% |
| Deferred charges and accrued income | 490/1 | €14,916 | €15,651 | +€734 | +4.9% |
| Total equity and liabilities | 10/49 | €2,207,503 | €2,424,394 | +€216,890 | +9.8% |
| Equity | 10/15 | €1,705,945 | €1,901,666 | +€195,721 | +11.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €341 | €341 | = | 0.0% |
| Tax-exempt reserves | 132 | €341 | €341 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,685,144 | €1,880,865 | +€195,721 | +11.6% |
| Amounts payable | 17/49 | €501,558 | €522,728 | +€21,170 | +4.2% |
| Amounts payable after more than one year | 17 | €189,435 | - | -€189,435 | |
| Financial debts | 170/4 | €189,435 | - | -€189,435 | |
| Amounts payable within one year | 42/48 | €312,123 | €522,728 | +€210,605 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | €63,989 | €25,547 | -€38,443 | -60.1% |
| Financial debts | 43 | €42,674 | €42,619 | -€54 | -0.1% |
| Credit institutions | 430/8 | €42,674 | €42,619 | -€54 | -0.1% |
| Trade debts | 44 | €125,706 | €97,246 | -€28,460 | -22.6% |
| Suppliers | 440/4 | €125,706 | €97,246 | -€28,460 | -22.6% |
| Taxes, remuneration and social security | 45 | €79,754 | €71,602 | -€8,152 | -10.2% |
| Taxes | 450/3 | €60,376 | €46,945 | -€13,431 | -22.2% |
| Remuneration and social security | 454/9 | €19,378 | €24,657 | +€5,279 | +27.2% |
| Other amounts payable | 47/48 | - | €285,714 | +€285,714 | |
| Non-recurring operating income | 76A | €14,000 | €5,000 | -€9,000 | -64.3% |
| Remuneration, social security and pensions | 62 | €216,785 | €279,924 | +€63,138 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,009 | €147,451 | -€20,558 | -12.2% |
| Other operating charges | 640/8 | €7,622 | €8,002 | +€380 | +5.0% |
| Non-recurring operating charges | 66A | - | €1,721 | +€1,721 | |
| Gross operating margin | 9900 | €930,591 | €1,069,123 | +€138,532 | +14.9% |
| Operating profit (loss) | 9901 | €538,175 | €632,026 | +€93,851 | +17.4% |
| Financial income | 75/76B | €1,602 | €3,192 | +€1,590 | +99.3% |
| Recurring financial income | 75 | €1,602 | €3,192 | +€1,590 | +99.3% |
| Financial charges | 65/66B | €8,250 | €7,129 | -€1,121 | -13.6% |
| Recurring financial charges | 65 | €8,250 | €7,129 | -€1,121 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €531,526 | €628,088 | +€96,562 | +18.2% |
| Income taxes | 67/77 | €130,408 | €146,653 | +€16,245 | +12.5% |
| Profit (loss) for the period | 9904 | €401,118 | €481,435 | +€80,317 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €401,118 | €481,435 | +€80,317 | +20.0% |
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 18 October 2026 via checked.be.