BEMUZ: 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.
BEMUZ
Largest movements
- Cash +€71,256
up €71,256 (+49.2%), from €144,765 to €216,022
mainly Net result for the year (+€65,878) and Other debts (+€55,788)
- Tangible fixed assets -€9,757
down €9,757 (-30.9%), from €31,529 to €21,772
- Receivables within one year -€3,644
down €3,644 (-21.9%), from €16,644 to €13,000
of which Other amounts receivable: -€3,644
- Other debts +€55,788
up €55,788 (+66.0%), from €84,496 to €140,284
- Debts after one year -€8,145
down €8,145 (-56.8%), from €14,333 to €6,188
- Reserves +€5,878
up €5,878 (+8.3%), from €71,246 to €77,124
- Trade debts +€2,925
up €2,925 (+5,179%), from €56 to €2,981
- Gross operating margin -€10,930
down €10,930 (-9.3%), from €117,286 to €106,356
- Financial charges +€4,467
up €4,467 (+235%), from €1,898 to €6,365
- Financial income -€3,168
down €3,168 (-66.5%), from €4,761 to €1,593
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 | €211,420 | €267,832 | +€56,412 | +26.7% |
| Fixed assets | 21/28 | €32,408 | €22,651 | -€9,757 | -30.1% |
| Tangible fixed assets | 22/27 | €31,529 | €21,772 | -€9,757 | -30.9% |
| Furniture and vehicles | 24 | €31,529 | €21,772 | -€9,757 | -30.9% |
| Financial fixed assets | 28 | €879 | €879 | = | 0.0% |
| Current assets | 29/58 | €179,012 | €245,181 | +€66,169 | +37.0% |
| Amounts receivable within one year | 40/41 | €16,644 | €13,000 | -€3,644 | -21.9% |
| Trade receivables | 40 | €13,000 | €13,000 | = | 0.0% |
| Other amounts receivable | 41 | €3,644 | €0 | -€3,644 | -100% |
| Current investments | 50/53 | €14,850 | €14,850 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €144,765 | €216,022 | +€71,256 | +49.2% |
| Deferred charges and accrued income | 490/1 | €2,753 | €1,310 | -€1,443 | -52.4% |
| Total equity and liabilities | 10/49 | €211,420 | €267,832 | +€56,412 | +26.7% |
| Equity | 10/15 | €89,846 | €95,724 | +€5,878 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,246 | €77,124 | +€5,878 | +8.3% |
| Distributable reserves | 133 | €71,246 | €77,124 | +€5,878 | +8.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €121,574 | €172,108 | +€50,534 | +41.6% |
| Amounts payable after more than one year | 17 | €14,333 | €6,188 | -€8,145 | -56.8% |
| Financial debts | 170/4 | €14,333 | €6,188 | -€8,145 | -56.8% |
| Amounts payable within one year | 42/48 | €107,241 | €163,433 | +€56,193 | +52.4% |
| Current portion of amounts payable after more than one year | 42 | €8,027 | €8,145 | +€118 | +1.5% |
| Trade debts | 44 | €56 | €2,981 | +€2,925 | +5,179% |
| Suppliers | 440/4 | €56 | €2,981 | +€2,925 | +5,179% |
| Taxes, remuneration and social security | 45 | €14,660 | €12,023 | -€2,637 | -18.0% |
| Taxes | 450/3 | €14,660 | €12,023 | -€2,637 | -18.0% |
| Other amounts payable | 47/48 | €84,496 | €140,284 | +€55,788 | +66.0% |
| Accrued charges and deferred income | 492/3 | - | €2,486 | +€2,486 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,454 | €12,106 | +€652 | +5.7% |
| Other operating charges | 640/8 | €271 | €149 | -€122 | -45.0% |
| Gross operating margin | 9900 | €117,286 | €106,356 | -€10,930 | -9.3% |
| Operating profit (loss) | 9901 | €105,562 | €94,101 | -€11,461 | -10.9% |
| Financial income | 75/76B | €4,761 | €1,593 | -€3,168 | -66.5% |
| Recurring financial income | 75 | €4,761 | €1,593 | -€3,168 | -66.5% |
| Financial charges | 65/66B | €1,898 | €6,365 | +€4,467 | +235% |
| Recurring financial charges | 65 | €1,898 | €6,365 | +€4,467 | +235% |
| Profit (loss) for the period before taxes | 9903 | €108,425 | €89,329 | -€19,096 | -17.6% |
| Income taxes | 67/77 | €23,356 | €23,451 | +€94 | +0.4% |
| Profit (loss) for the period | 9904 | €85,069 | €65,878 | -€19,190 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,069 | €65,878 | -€19,190 | -22.6% |
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 24 October 2026 via checked.be.