BESEMA: 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.
BESEMA
Largest movements
- Receivables within one year +€34,538
up €34,538 (+10.0%), from €343,801 to €378,339
of which Other amounts receivable: +€21,349
- Cash +€20,150
up €20,150 (+64.6%), from €31,192 to €51,342
mainly Net result for the year (+€60,820) and Tax, wage and social debts (+€1,953)
- Reserves +€60,800
up €60,800 (+10.4%), from €586,800 to €647,600
- Financial income -€366,069
down €366,069 (-98.1%), from €373,284 to €7,214
- Taxes -€30,572
down €30,572 (-57.2%), from €53,415 to €22,844
- Gross operating margin +€8,474
up €8,474 (+12.3%), from €69,171 to €77,645
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 | €607,938 | €667,945 | +€60,007 | +9.9% |
| Fixed assets | 21/28 | €232,945 | €232,521 | -€424 | -0.2% |
| Tangible fixed assets | 22/27 | €445 | €21 | -€424 | -95.3% |
| Plant, machinery and equipment | 23 | €445 | €21 | -€424 | -95.3% |
| Financial fixed assets | 28 | €232,500 | €232,500 | = | 0.0% |
| Current assets | 29/58 | €374,993 | €435,424 | +€60,431 | +16.1% |
| Amounts receivable after more than one year | 29 | - | €5,743 | +€5,743 | |
| Trade receivables | 290 | - | €5,743 | +€5,743 | |
| Amounts receivable within one year | 40/41 | €343,801 | €378,339 | +€34,538 | +10.0% |
| Trade receivables | 40 | €2,555 | €15,744 | +€13,189 | +516% |
| Other amounts receivable | 41 | €341,246 | €362,595 | +€21,349 | +6.3% |
| Cash at bank and in hand | 54/58 | €31,192 | €51,342 | +€20,150 | +64.6% |
| Total equity and liabilities | 10/49 | €607,938 | €667,945 | +€60,007 | +9.9% |
| Equity | 10/15 | €603,026 | €663,846 | +€60,820 | +10.1% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €586,800 | €647,600 | +€60,800 | +10.4% |
| Distributable reserves | 133 | €586,800 | €647,600 | +€60,800 | +10.4% |
| Profit (loss) carried forward | 14 | €1,966 | €1,986 | +€20 | +1.0% |
| Amounts payable | 17/49 | €4,911 | €4,099 | -€812 | -16.5% |
| Amounts payable within one year | 42/48 | €4,911 | €4,099 | -€812 | -16.5% |
| Trade debts | 44 | €2,766 | €0 | -€2,766 | -100% |
| Suppliers | 440/4 | €2,766 | €0 | -€2,766 | -100% |
| Taxes, remuneration and social security | 45 | €2,146 | €4,099 | +€1,953 | +91.0% |
| Taxes | 450/3 | €2,146 | €4,099 | +€1,953 | +91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €424 | €424 | = | 0.0% |
| Other operating charges | 640/8 | €534 | €549 | +€15 | +2.8% |
| Gross operating margin | 9900 | €69,171 | €77,645 | +€8,474 | +12.3% |
| Operating profit (loss) | 9901 | €68,213 | €76,671 | +€8,459 | +12.4% |
| Financial income | 75/76B | €373,284 | €7,214 | -€366,069 | -98.1% |
| Recurring financial income | 75 | €373,284 | €7,214 | -€366,069 | -98.1% |
| Financial charges | 65/66B | €178 | €222 | +€44 | +24.9% |
| Recurring financial charges | 65 | €178 | €222 | +€44 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €441,318 | €83,663 | -€357,655 | -81.0% |
| Income taxes | 67/77 | €53,415 | €22,844 | -€30,572 | -57.2% |
| Profit (loss) for the period | 9904 | €387,903 | €60,820 | -€327,084 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €387,903 | €60,820 | -€327,084 | -84.3% |
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 14 October 2026 via checked.be.