DANIEL BEMELMANS: 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.
DANIEL BEMELMANS
Largest movements
- Receivables within one year -€192,713
down €192,713 (-59.7%), from €322,701 to €129,988
of which Trade receivables: -€196,389
- Cash +€77,152
up €77,152 (+71.9%), from €107,233 to €184,385
mainly Receivables within one year (+€192,713) and Other debts (+€12,000)
- Trade debts -€118,539
down €118,539 (-81.2%), from €145,932 to €27,393
- Tax, wage and social debts -€15,855
down €15,855 (-40.9%), from €38,751 to €22,896
of which Remuneration and social security: -€10,245
- Other debts +€12,000
up €12,000 (+57.1%), from €21,000 to €33,000
- Reserves +€6,776
up €6,776 (+15.4%), from €43,940 to €50,716
- Gross operating margin +€9,729
up €9,729 (+5.8%), from €168,380 to €178,109
- Staff costs +€5,207
up €5,207 (+3.2%), from €163,255 to €168,462
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 | €439,205 | €323,588 | -€115,617 | -26.3% |
| Fixed assets | 21/28 | €5,442 | €5,179 | -€263 | -4.8% |
| Tangible fixed assets | 22/27 | €5,210 | €4,947 | -€263 | -5.0% |
| Plant, machinery and equipment | 23 | €5,210 | €3,546 | -€1,664 | -31.9% |
| Furniture and vehicles | 24 | - | €1,401 | +€1,401 | |
| Financial fixed assets | 28 | €232 | €232 | = | 0.0% |
| Current assets | 29/58 | €433,763 | €318,409 | -€115,354 | -26.6% |
| Amounts receivable within one year | 40/41 | €322,701 | €129,988 | -€192,713 | -59.7% |
| Trade receivables | 40 | €318,274 | €121,885 | -€196,389 | -61.7% |
| Other amounts receivable | 41 | €4,427 | €8,103 | +€3,676 | +83.0% |
| Cash at bank and in hand | 54/58 | €107,233 | €184,385 | +€77,152 | +71.9% |
| Deferred charges and accrued income | 490/1 | €3,829 | €4,036 | +€207 | +5.4% |
| Total equity and liabilities | 10/49 | €439,205 | €323,588 | -€115,617 | -26.3% |
| Equity | 10/15 | €233,522 | €240,299 | +€6,777 | +2.9% |
| Contributions | 10/11 | €12,408 | €12,408 | = | 0.0% |
| Reserves | 13 | €43,940 | €50,716 | +€6,776 | +15.4% |
| Distributable reserves | 133 | €43,940 | €50,716 | +€6,776 | +15.4% |
| Profit (loss) carried forward | 14 | €177,174 | €177,175 | +€1 | 0.0% |
| Amounts payable | 17/49 | €205,683 | €83,289 | -€122,394 | -59.5% |
| Amounts payable within one year | 42/48 | €205,683 | €83,289 | -€122,394 | -59.5% |
| Trade debts | 44 | €145,932 | €27,393 | -€118,539 | -81.2% |
| Suppliers | 440/4 | €145,932 | €27,393 | -€118,539 | -81.2% |
| Taxes, remuneration and social security | 45 | €38,751 | €22,896 | -€15,855 | -40.9% |
| Taxes | 450/3 | €5,872 | €262 | -€5,610 | -95.5% |
| Remuneration and social security | 454/9 | €32,879 | €22,634 | -€10,245 | -31.2% |
| Other amounts payable | 47/48 | €21,000 | €33,000 | +€12,000 | +57.1% |
| Remuneration, social security and pensions | 62 | €163,255 | €168,462 | +€5,207 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,331 | €2,189 | +€858 | +64.5% |
| Other operating charges | 640/8 | €508 | €243 | -€265 | -52.2% |
| Gross operating margin | 9900 | €168,380 | €178,109 | +€9,729 | +5.8% |
| Operating profit (loss) | 9901 | €3,286 | €7,215 | +€3,929 | +120% |
| Financial income | 75/76B | €5,534 | €3,969 | -€1,565 | -28.3% |
| Recurring financial income | 75 | €5,534 | €3,969 | -€1,565 | -28.3% |
| Non-recurring financial income | 76B | €5,534 | €3,969 | -€1,565 | -28.3% |
| Financial charges | 65/66B | €319 | €290 | -€29 | -9.1% |
| Recurring financial charges | 65 | €319 | €290 | -€29 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €8,501 | €10,894 | +€2,393 | +28.1% |
| Income taxes | 67/77 | €4,863 | €4,118 | -€745 | -15.3% |
| Profit (loss) for the period | 9904 | €3,638 | €6,776 | +€3,138 | +86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,638 | €6,776 | +€3,138 | +86.3% |
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 24 October 2026 via checked.be.