BEMODA: 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.
BEMODA
Largest movements
- Cash +€30,708
up €30,708 (+42.9%), from €71,647 to €102,356
mainly Other debts (+€35,603) and Trade debts (+€12,379)
- Receivables within one year +€12,420
up €12,420 (+50.2%), from €24,730 to €37,149
of which Trade receivables: +€10,158
- Tangible fixed assets -€1,951
down €1,951 (-7.8%), from €24,974 to €23,023
of which Plant, machinery and equipment: -€5,582
- Other debts +€35,603
up €35,603 (+80.3%), from €44,331 to €79,934
- Trade debts +€12,379
up €12,379 (+69.1%), from €17,918 to €30,296
- Profit (loss) carried forward -€9,849
down €9,849 (-5.3%), from -€184,315 to -€194,165
- Tax, wage and social debts +€8,006
up €8,006 (+13.5%), from €59,204 to €67,210
of which Remuneration and social security: +€6,141
- Accrued charges and deferred income -€2,118
no longer reported in 2025 (was €2,118)
- Gross operating margin -€35,014
down €35,014 (-8.1%), from €431,932 to €396,919
- Staff costs -€21,532
down €21,532 (-5.2%), from €412,358 to €390,825
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 | €138,131 | €181,399 | +€43,268 | +31.3% |
| Fixed assets | 21/28 | €25,024 | €23,073 | -€1,951 | -7.8% |
| Tangible fixed assets | 22/27 | €24,974 | €23,023 | -€1,951 | -7.8% |
| Plant, machinery and equipment | 23 | €16,082 | €10,499 | -€5,582 | -34.7% |
| Furniture and vehicles | 24 | €3,089 | €5,759 | +€2,670 | +86.5% |
| Other tangible fixed assets | 26 | €5,803 | €6,764 | +€961 | +16.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €113,107 | €158,326 | +€45,219 | +40.0% |
| Stocks and contracts in progress | 3 | €2,295 | €3,925 | +€1,631 | +71.1% |
| Stocks | 30/36 | €2,295 | €3,925 | +€1,631 | +71.1% |
| Amounts receivable within one year | 40/41 | €24,730 | €37,149 | +€12,420 | +50.2% |
| Trade receivables | 40 | - | €10,158 | +€10,158 | |
| Other amounts receivable | 41 | €24,730 | €26,991 | +€2,262 | +9.1% |
| Cash at bank and in hand | 54/58 | €71,647 | €102,356 | +€30,708 | +42.9% |
| Deferred charges and accrued income | 490/1 | €14,435 | €14,896 | +€461 | +3.2% |
| Total equity and liabilities | 10/49 | €138,131 | €181,399 | +€43,268 | +31.3% |
| Equity | 10/15 | €10,097 | €247 | -€9,849 | -97.6% |
| Contributions | 10/11 | €194,412 | €194,412 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€184,315 | -€194,165 | -€9,849 | -5.3% |
| Amounts payable | 17/49 | €128,034 | €181,152 | +€53,118 | +41.5% |
| Amounts payable within one year | 42/48 | €125,916 | €181,152 | +€55,236 | +43.9% |
| Financial debts | 43 | €4,464 | €3,711 | -€753 | -16.9% |
| Credit institutions | 430/8 | €4,464 | €3,711 | -€753 | -16.9% |
| Trade debts | 44 | €17,918 | €30,296 | +€12,379 | +69.1% |
| Suppliers | 440/4 | €17,918 | €30,296 | +€12,379 | +69.1% |
| Taxes, remuneration and social security | 45 | €59,204 | €67,210 | +€8,006 | +13.5% |
| Taxes | 450/3 | €18,353 | €20,218 | +€1,865 | +10.2% |
| Remuneration and social security | 454/9 | €40,851 | €46,992 | +€6,141 | +15.0% |
| Other amounts payable | 47/48 | €44,331 | €79,934 | +€35,603 | +80.3% |
| Accrued charges and deferred income | 492/3 | €2,118 | - | -€2,118 | |
| Remuneration, social security and pensions | 62 | €412,358 | €390,825 | -€21,532 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,451 | €8,767 | +€1,316 | +17.7% |
| Other operating charges | 640/8 | €6,000 | €5,627 | -€373 | -6.2% |
| Gross operating margin | 9900 | €431,932 | €396,919 | -€35,014 | -8.1% |
| Operating profit (loss) | 9901 | €6,124 | -€8,301 | -€14,425 | |
| Financial income | 75/76B | €1,547 | €1,422 | -€125 | -8.1% |
| Recurring financial income | 75 | €1,547 | €1,422 | -€125 | -8.1% |
| Financial charges | 65/66B | €5,707 | €2,692 | -€3,015 | -52.8% |
| Recurring financial charges | 65 | €5,707 | €2,692 | -€3,015 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €1,963 | -€9,572 | -€11,535 | |
| Income taxes | 67/77 | €231 | €278 | +€47 | +20.4% |
| Profit (loss) for the period | 9904 | €1,732 | -€9,849 | -€11,582 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,732 | -€9,849 | -€11,582 |
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.