BEMICOLOR: 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.
BEMICOLOR
Largest movements
- Stocks and contracts -€20,006
down €20,006 (-7.5%), from €267,931 to €247,925
- Receivables within one year +€11,145
up €11,145 (+32.3%), from €34,480 to €45,625
of which Trade receivables: +€11,971
- Cash -€9,905
down €9,905 (-11.1%), from €89,044 to €79,139
mainly Other debts (-€33,151) and Investment in fixed assets (net) (-€24,782)
- Profit (loss) carried forward +€33,210
up €33,210 (+38.8%), from €85,585 to €118,795
- Other debts -€33,151
down €33,151 (-13.7%), from €241,478 to €208,327
- Trade debts -€8,272
down €8,272 (-15.3%), from €54,139 to €45,866
- Debts after one year -€6,262
down €6,262 (-100.0%), from €6,262 to €0
- Depreciation -€10,330
down €10,330 (-31.1%), from €33,207 to €22,877
- Gross operating margin -€8,119
down €8,119 (-4.8%), from €168,519 to €160,400
- Financial income -€3,333
down €3,333 (-99.6%), from €3,347 to €13
- Write-downs +€2,762
no longer reported in 2025 (was -€2,762)
- Staff costs +€1,743
up €1,743 (+1.9%), from €89,457 to €91,200
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 | €484,472 | €467,017 | -€17,454 | -3.6% |
| Fixed assets | 21/28 | €85,487 | €87,392 | +€1,905 | +2.2% |
| Tangible fixed assets | 22/27 | €83,886 | €85,791 | +€1,905 | +2.3% |
| Land and buildings | 22 | €11,658 | €9,830 | -€1,828 | -15.7% |
| Plant, machinery and equipment | 23 | €35,639 | €20,528 | -€15,112 | -42.4% |
| Furniture and vehicles | 24 | €20,318 | €41,522 | +€21,204 | +104.4% |
| Other tangible fixed assets | 26 | €16,271 | €13,911 | -€2,360 | -14.5% |
| Financial fixed assets | 28 | €1,601 | €1,601 | = | 0.0% |
| Current assets | 29/58 | €398,985 | €379,626 | -€19,360 | -4.9% |
| Stocks and contracts in progress | 3 | €267,931 | €247,925 | -€20,006 | -7.5% |
| Stocks | 30/36 | €267,931 | €247,925 | -€20,006 | -7.5% |
| Amounts receivable within one year | 40/41 | €34,480 | €45,625 | +€11,145 | +32.3% |
| Trade receivables | 40 | €17,904 | €29,875 | +€11,971 | +66.9% |
| Other amounts receivable | 41 | €16,576 | €15,750 | -€826 | -5.0% |
| Cash at bank and in hand | 54/58 | €89,044 | €79,139 | -€9,905 | -11.1% |
| Deferred charges and accrued income | 490/1 | €7,530 | €6,937 | -€593 | -7.9% |
| Total equity and liabilities | 10/49 | €484,472 | €467,017 | -€17,454 | -3.6% |
| Equity | 10/15 | €153,756 | €186,966 | +€33,210 | +21.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,585 | €118,795 | +€33,210 | +38.8% |
| Amounts payable | 17/49 | €330,716 | €280,051 | -€50,665 | -15.3% |
| Amounts payable after more than one year | 17 | €6,262 | €0 | -€6,262 | -100.0% |
| Financial debts | 170/4 | €6,262 | €0 | -€6,262 | -100.0% |
| Amounts payable within one year | 42/48 | €324,454 | €280,051 | -€44,403 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €9,627 | €5,360 | -€4,267 | -44.3% |
| Trade debts | 44 | €54,139 | €45,866 | -€8,272 | -15.3% |
| Suppliers | 440/4 | €54,139 | €45,866 | -€8,272 | -15.3% |
| Taxes, remuneration and social security | 45 | €19,210 | €20,498 | +€1,288 | +6.7% |
| Taxes | 450/3 | €11,965 | €9,999 | -€1,966 | -16.4% |
| Remuneration and social security | 454/9 | €7,245 | €10,499 | +€3,254 | +44.9% |
| Other amounts payable | 47/48 | €241,478 | €208,327 | -€33,151 | -13.7% |
| Remuneration, social security and pensions | 62 | €89,457 | €91,200 | +€1,743 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,207 | €22,877 | -€10,330 | -31.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,762 | - | +€2,762 | |
| Other operating charges | 640/8 | €11,790 | €11,372 | -€417 | -3.5% |
| Non-recurring operating charges | 66A | €2,237 | - | -€2,237 | |
| Gross operating margin | 9900 | €168,519 | €160,400 | -€8,119 | -4.8% |
| Operating profit (loss) | 9901 | €34,590 | €34,950 | +€360 | +1.0% |
| Financial income | 75/76B | €3,347 | €13 | -€3,333 | -99.6% |
| Recurring financial income | 75 | €3,347 | €13 | -€3,333 | -99.6% |
| Financial charges | 65/66B | €2,523 | €1,753 | -€770 | -30.5% |
| Recurring financial charges | 65 | €2,523 | €1,753 | -€770 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €35,414 | €33,210 | -€2,204 | -6.2% |
| Income taxes | 67/77 | €712 | - | -€712 | |
| Profit (loss) for the period | 9904 | €34,702 | €33,210 | -€1,492 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,702 | €33,210 | -€1,492 | -4.3% |
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 9 October 2026 via checked.be.