BEMELMANS Michaël: 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.
BEMELMANS Michaël
Largest movements
- Cash +€9,480
up €9,480 (+238%), from €3,992 to €13,472
mainly Net result for the year (+€9,678) and Depreciation (+€4,767)
- Receivables within one year +€4,795
up €4,795 (+77.1%), from €6,220 to €11,015
of which Other amounts receivable: +€3,848
- Stocks and contracts -€3,741
down €3,741 (-11.3%), from €33,013 to €29,272
- Tangible fixed assets -€2,768
down €2,768 (-23.1%), from €11,980 to €9,212
of which Furniture and vehicles: -€2,300
- Deferred charges and accrued income -€833
down €833 (-49.1%), from €1,697 to €864
- Reserves +€9,000
up €9,000 (+66.2%), from €13,600 to €22,600
- Current portion of long-term debt -€3,685
down €3,685 (-52.7%), from €6,987 to €3,302
- Tax, wage and social debts +€2,478
up €2,478 (+47.7%), from €5,192 to €7,670
of which Taxes: +€2,304
- Debts after one year -€1,197
no longer reported in 2025 (was €1,197)
- Profit (loss) carried forward +€678
up €678 (+28.5%), from €2,381 to €3,059
- Staff costs +€6,522
up €6,522 (+785%), from €831 to €7,352
- Gross operating margin +€2,835
up €2,835 (+12.2%), from €23,253 to €26,088
- Depreciation +€2,425
up €2,425 (+104%), from €2,343 to €4,767
- Financial charges -€583
down €583 (-46.5%), from €1,254 to €671
- Other operating charges -€544
down €544 (-61.3%), from €888 to €343
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 | €56,952 | €63,885 | +€6,933 | +12.2% |
| Fixed assets | 21/28 | €12,030 | €9,262 | -€2,768 | -23.0% |
| Tangible fixed assets | 22/27 | €11,980 | €9,212 | -€2,768 | -23.1% |
| Plant, machinery and equipment | 23 | €5,735 | €5,550 | -€184 | -3.2% |
| Furniture and vehicles | 24 | €5,855 | €3,556 | -€2,300 | -39.3% |
| Other tangible fixed assets | 26 | €390 | €106 | -€284 | -72.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €44,921 | €54,623 | +€9,702 | +21.6% |
| Stocks and contracts in progress | 3 | €33,013 | €29,272 | -€3,741 | -11.3% |
| Stocks | 30/36 | €33,013 | €29,272 | -€3,741 | -11.3% |
| Amounts receivable within one year | 40/41 | €6,220 | €11,015 | +€4,795 | +77.1% |
| Trade receivables | 40 | €2,185 | €3,132 | +€947 | +43.3% |
| Other amounts receivable | 41 | €4,034 | €7,883 | +€3,848 | +95.4% |
| Cash at bank and in hand | 54/58 | €3,992 | €13,472 | +€9,480 | +238% |
| Deferred charges and accrued income | 490/1 | €1,697 | €864 | -€833 | -49.1% |
| Total equity and liabilities | 10/49 | €56,952 | €63,885 | +€6,933 | +12.2% |
| Equity | 10/15 | €30,241 | €39,919 | +€9,678 | +32.0% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €13,600 | €22,600 | +€9,000 | +66.2% |
| Distributable reserves | 133 | €13,600 | €22,600 | +€9,000 | +66.2% |
| Profit (loss) carried forward | 14 | €2,381 | €3,059 | +€678 | +28.5% |
| Amounts payable | 17/49 | €26,710 | €23,966 | -€2,745 | -10.3% |
| Amounts payable after more than one year | 17 | €1,197 | - | -€1,197 | |
| Financial debts | 170/4 | €1,197 | - | -€1,197 | |
| Amounts payable within one year | 42/48 | €25,513 | €23,966 | -€1,548 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €6,987 | €3,302 | -€3,685 | -52.7% |
| Trade debts | 44 | €9,006 | €9,240 | +€235 | +2.6% |
| Suppliers | 440/4 | €9,006 | €9,240 | +€235 | +2.6% |
| Taxes, remuneration and social security | 45 | €5,192 | €7,670 | +€2,478 | +47.7% |
| Taxes | 450/3 | €4,813 | €7,116 | +€2,304 | +47.9% |
| Remuneration and social security | 454/9 | €379 | €554 | +€175 | +46.1% |
| Other amounts payable | 47/48 | €4,329 | €3,753 | -€575 | -13.3% |
| Remuneration, social security and pensions | 62 | €831 | €7,352 | +€6,522 | +785% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,343 | €4,767 | +€2,425 | +104% |
| Other operating charges | 640/8 | €888 | €343 | -€544 | -61.3% |
| Gross operating margin | 9900 | €23,253 | €26,088 | +€2,835 | +12.2% |
| Operating profit (loss) | 9901 | €19,192 | €13,625 | -€5,567 | -29.0% |
| Financial income | 75/76B | €25 | €82 | +€58 | +232% |
| Recurring financial income | 75 | €25 | €82 | +€58 | +232% |
| Financial charges | 65/66B | €1,254 | €671 | -€583 | -46.5% |
| Recurring financial charges | 65 | €1,254 | €671 | -€583 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €17,963 | €13,036 | -€4,927 | -27.4% |
| Income taxes | 67/77 | €3,754 | €3,358 | -€396 | -10.5% |
| Profit (loss) for the period | 9904 | €14,210 | €9,678 | -€4,532 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,210 | €9,678 | -€4,532 | -31.9% |
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 26 October 2026 via checked.be.