BEMELMANS Nicolas: 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 Nicolas
Largest movements
- Cash +€22,203
up €22,203 (+104.8%), from €21,192 to €43,395
mainly Net result for the year (+€31,790) and Depreciation (+€27,435)
- Tangible fixed assets +€15,961
up €15,961 (+23.3%), from €68,578 to €84,539
of which Leasing and similar rights: +€25,150
- Receivables within one year +€13,213
up €13,213 (+43.1%), from €30,668 to €43,880
of which Trade receivables: +€18,504
- Stocks and contracts -€1,934
down €1,934 (-18.3%), from €10,570 to €8,635
- Other debts +€19,188
up €19,188 (+107.2%), from €17,897 to €37,085
- Debts after one year +€16,004
up €16,004 (+63.0%), from €25,404 to €41,409
- Reserves +€13,890
up €13,890 (+27.7%), from €50,198 to €64,088
- Trade debts -€3,670
down €3,670 (-40.9%), from €8,964 to €5,294
- Tax, wage and social debts +€2,844
up €2,844 (+52.6%), from €5,411 to €8,255
of which Taxes: +€2,844
- Gross operating margin +€23,382
up €23,382 (+45.7%), from €51,117 to €74,498
- Depreciation +€7,746
up €7,746 (+39.3%), from €19,688 to €27,435
- Taxes +€3,363
up €3,363 (+44.8%), from €7,511 to €10,874
- Financial charges +€870
up €870 (+26.6%), from €3,275 to €4,145
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 | €132,300 | €181,147 | +€48,847 | +36.9% |
| Fixed assets | 21/28 | €68,578 | €84,539 | +€15,961 | +23.3% |
| Tangible fixed assets | 22/27 | €68,578 | €84,539 | +€15,961 | +23.3% |
| Land and buildings | 22 | €6,617 | €5,999 | -€617 | -9.3% |
| Plant, machinery and equipment | 23 | €10,572 | €7,769 | -€2,803 | -26.5% |
| Furniture and vehicles | 24 | €17,070 | €11,301 | -€5,769 | -33.8% |
| Leasing and similar rights | 25 | €34,320 | €59,469 | +€25,150 | +73.3% |
| Current assets | 29/58 | €63,722 | €96,607 | +€32,885 | +51.6% |
| Stocks and contracts in progress | 3 | €10,570 | €8,635 | -€1,934 | -18.3% |
| Stocks | 30/36 | €10,570 | €8,635 | -€1,934 | -18.3% |
| Amounts receivable within one year | 40/41 | €30,668 | €43,880 | +€13,213 | +43.1% |
| Trade receivables | 40 | €22,280 | €40,784 | +€18,504 | +83.1% |
| Other amounts receivable | 41 | €8,388 | €3,097 | -€5,291 | -63.1% |
| Cash at bank and in hand | 54/58 | €21,192 | €43,395 | +€22,203 | +104.8% |
| Deferred charges and accrued income | 490/1 | €1,293 | €697 | -€596 | -46.1% |
| Total equity and liabilities | 10/49 | €132,300 | €181,147 | +€48,847 | +36.9% |
| Equity | 10/15 | €53,198 | €67,088 | +€13,890 | +26.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,198 | €64,088 | +€13,890 | +27.7% |
| Distributable reserves | 133 | €50,198 | €64,088 | +€13,890 | +27.7% |
| Amounts payable | 17/49 | €79,102 | €114,059 | +€34,957 | +44.2% |
| Amounts payable after more than one year | 17 | €25,404 | €41,409 | +€16,004 | +63.0% |
| Financial debts | 170/4 | €25,404 | €41,409 | +€16,004 | +63.0% |
| Amounts payable within one year | 42/48 | €51,573 | €70,400 | +€18,828 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €19,300 | €19,766 | +€466 | +2.4% |
| Trade debts | 44 | €8,964 | €5,294 | -€3,670 | -40.9% |
| Suppliers | 440/4 | €8,964 | €5,294 | -€3,670 | -40.9% |
| Taxes, remuneration and social security | 45 | €5,411 | €8,255 | +€2,844 | +52.6% |
| Taxes | 450/3 | €3,411 | €6,255 | +€2,844 | +83.4% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €17,897 | €37,085 | +€19,188 | +107.2% |
| Accrued charges and deferred income | 492/3 | €2,125 | €2,250 | +€125 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,688 | €27,435 | +€7,746 | +39.3% |
| Other operating charges | 640/8 | €264 | €276 | +€12 | +4.7% |
| Gross operating margin | 9900 | €51,117 | €74,498 | +€23,382 | +45.7% |
| Operating profit (loss) | 9901 | €31,165 | €46,788 | +€15,623 | +50.1% |
| Financial income | 75/76B | €58 | €22 | -€36 | -62.6% |
| Recurring financial income | 75 | €58 | €22 | -€36 | -62.6% |
| Financial charges | 65/66B | €3,275 | €4,145 | +€870 | +26.6% |
| Recurring financial charges | 65 | €3,275 | €4,145 | +€870 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €27,948 | €42,664 | +€14,717 | +52.7% |
| Income taxes | 67/77 | €7,511 | €10,874 | +€3,363 | +44.8% |
| Profit (loss) for the period | 9904 | €20,437 | €31,790 | +€11,354 | +55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,437 | €31,790 | +€11,354 | +55.6% |
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 12 October 2026 via checked.be.