Bemac: 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.
What changed
Bemac
NACE 43.211, General electrical installation work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€621,536
2024 · €460,506+€161,030
Equity
€6.8m
2024 · €6.2m+€608,120
Cash
€1.7m
2024 · €738,134+€997,327
Balance sheet total
€12.2m
2024 · €11.6m+€621,695
Largest movements
Assets
- Cash +€997,327
up €997,327 (+135%), from €738,134 to €1.7m
mainly Net result for the year (+€621,536) and Depreciation (+€466,826)
- Receivables within one year -€378,482
down €378,482 (-7.5%), from €5.1m to €4.7m
of which Trade receivables: -€211,845
- Stocks and contracts +€243,591
up €243,591 (+12.3%), from €2.0m to €2.2m
of which Contracts in progress: +€280,024
Equity and liabilities
- Profit (loss) carried forward +€621,536
up €621,536 (+11.8%), from €5.3m to €5.9m
- Tax, wage and social debts +€363,647
up €363,647 (+26.8%), from €1.4m to €1.7m
of which Remuneration and social security: +€317,524
- Trade debts -€152,554
down €152,554 (-7.1%), from €2.1m to €2.0m
- Debts after one year -€146,732
down €146,732 (-17.0%), from €861,587 to €714,855
Income statement
- Turnover +€3.6m
up €3.6m (+23.2%), from €15.3m to €18.9m
- Staff costs +€1.7m
up €1.7m (+23.5%), from €7.4m to €9.1m
- Goods and materials +€1.6m
up €1.6m (+44.2%), from €3.7m to €5.3m
of which Purchases: +€1.2m
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.
Result 2024
€460,506
Turnover
+€3.6m
Other operating income
+€19,750
Goods and materials
-€1.6m
Services and other goods
-€88,943
Staff costs
-€1.7m
Depreciation
-€47,523
Write-downs
-€36,577
Other operating charges
+€11,541
Other operating items
+€237,503
Financial income
-€20,354
Financial charges
-€41,651
Taxes
-€57,842
Result 2025
€621,536
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.5m
Investment
-€239,015
Financing
-€241,501
Cash 2024
€738,134
From operations (derived)
+€1.5m
Net result for the year
+€621,536
Depreciation
+€466,826
Stocks and contracts
-€243,591
Receivables within one year
+€378,482
Deferred charges and accrued income
+€12,930
Trade debts
-€152,554
Tax, wage and social debts
+€363,647
Advances received
+€85,268
Other debts
-€49,709
Accrued charges and deferred income
-€4,992
Investment (derived)
-€239,015
Investment in fixed assets (net)
-€239,015
Financing
-€241,501
Debts after one year
-€146,732
Current portion of long-term debt
-€81,352
Contributions, distributions and other
-€13,417
Cash 2025
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,594,032 | €12,215,727 | +€621,695 | +5.4% |
| Fixed assets | 21/28 | €3,694,393 | €3,466,582 | -€227,811 | -6.2% |
| Intangible fixed assets | 21 | €722,419 | €600,450 | -€121,969 | -16.9% |
| Tangible fixed assets | 22/27 | €2,948,197 | €2,839,941 | -€108,256 | -3.7% |
| Land and buildings | 22 | €2,640,909 | €2,467,426 | -€173,484 | -6.6% |
| Plant, machinery and equipment | 23 | €58,740 | €79,379 | +€20,639 | +35.1% |
| Furniture and vehicles | 24 | €248,548 | €293,137 | +€44,588 | +17.9% |
| Financial fixed assets | 28 | €23,777 | €26,191 | +€2,415 | +10.2% |
| Other financial fixed assets | 284/8 | €23,777 | €26,191 | +€2,415 | +10.2% |
| Shares | 284 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,777 | €6,191 | +€2,415 | +63.9% |
| Current assets | 29/58 | €7,899,639 | €8,749,145 | +€849,506 | +10.8% |
| Stocks and contracts in progress | 3 | €1,975,305 | €2,218,896 | +€243,591 | +12.3% |
| Stocks | 30/36 | €1,975,305 | €1,938,871 | -€36,434 | -1.8% |
| Raw materials and consumables | 30/31 | €1,975,305 | €1,938,871 | -€36,434 | -1.8% |
| Contracts in progress | 37 | - | €280,024 | +€280,024 | |
| Amounts receivable within one year | 40/41 | €5,063,167 | €4,684,684 | -€378,482 | -7.5% |
| Trade receivables | 40 | €4,314,772 | €4,102,927 | -€211,845 | -4.9% |
| Other amounts receivable | 41 | €748,395 | €581,757 | -€166,638 | -22.3% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €738,134 | €1,735,461 | +€997,327 | +135% |
| Deferred charges and accrued income | 490/1 | €123,033 | €110,103 | -€12,930 | -10.5% |
| Total equity and liabilities | 10/49 | €11,594,032 | €12,215,727 | +€621,695 | +5.4% |
| Equity | 10/15 | €6,222,575 | €6,830,695 | +€608,120 | +9.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €727,091 | €727,091 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,175 | €9,175 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €2,975 | €2,975 | = | 0.0% |
| Tax-exempt reserves | 132 | €805 | €805 | = | 0.0% |
| Distributable reserves | 133 | €717,111 | €717,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,256,390 | €5,877,926 | +€621,536 | +11.8% |
| Investment grants | 15 | €177,095 | €163,678 | -€13,417 | -7.6% |
| Provisions and deferred taxes | 16 | €55,000 | €55,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €55,000 | €55,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable | 17/49 | €5,316,457 | €5,330,033 | +€13,576 | +0.3% |
| Amounts payable after more than one year | 17 | €861,587 | €714,855 | -€146,732 | -17.0% |
| Financial debts | 170/4 | €861,587 | €714,855 | -€146,732 | -17.0% |
| Credit institutions | 173 | €861,587 | €714,855 | -€146,732 | -17.0% |
| Amounts payable within one year | 42/48 | €4,449,870 | €4,615,170 | +€165,300 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €228,084 | €146,732 | -€81,352 | -35.7% |
| Financial debts | 43 | €247,800 | €247,800 | = | 0.0% |
| Credit institutions | 430/8 | €247,800 | €247,800 | = | 0.0% |
| Trade debts | 44 | €2,147,011 | €1,994,458 | -€152,554 | -7.1% |
| Suppliers | 440/4 | €2,147,011 | €1,994,458 | -€152,554 | -7.1% |
| Advances received on contracts in progress | 46 | €105,481 | €190,749 | +€85,268 | +80.8% |
| Taxes, remuneration and social security | 45 | €1,357,776 | €1,721,423 | +€363,647 | +26.8% |
| Taxes | 450/3 | €227,993 | €274,116 | +€46,123 | +20.2% |
| Remuneration and social security | 454/9 | €1,129,783 | €1,447,307 | +€317,524 | +28.1% |
| Other amounts payable | 47/48 | €363,716 | €314,007 | -€49,709 | -13.7% |
| Accrued charges and deferred income | 492/3 | €5,000 | €8 | -€4,992 | -99.8% |
| Operating income | 70/76A | €15,853,792 | €19,678,581 | +€3.8m | +24.1% |
| Turnover | 70 | €15,314,890 | €18,865,779 | +€3.6m | +23.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €280,024 | +€280,024 | |
| Other operating income | 74 | €418,828 | €438,578 | +€19,750 | +4.7% |
| Non-recurring operating income | 76A | €120,074 | €94,199 | -€25,874 | -21.5% |
| Operating charges | 60/66A | €15,020,816 | €18,564,728 | +€3.5m | +23.6% |
| Goods for resale, raw materials and consumables | 60 | €3,687,025 | €5,314,871 | +€1.6m | +44.2% |
| Purchases | 600/8 | €4,087,363 | €5,284,265 | +€1.2m | +29.3% |
| Change in stocks: decrease (increase) | 609 | -€400,338 | €30,606 | +€430,945 | |
| Services and other goods | 61 | €3,428,943 | €3,517,887 | +€88,943 | +2.6% |
| Remuneration, social security and pensions | 62 | €7,396,447 | €9,134,363 | +€1.7m | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419,302 | €466,826 | +€47,523 | +11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,135 | €49,713 | +€36,577 | +278% |
| Other operating charges | 640/8 | €75,963 | €64,422 | -€11,541 | -15.2% |
| Non-recurring operating charges | 66A | - | €16,647 | +€16,647 | |
| Operating profit (loss) | 9901 | €832,976 | €1,113,853 | +€280,877 | +33.7% |
| Financial income | 75/76B | €35,020 | €14,666 | -€20,354 | -58.1% |
| Recurring financial income | 75 | €35,020 | €14,666 | -€20,354 | -58.1% |
| Income from current assets | 751 | €7,238 | €1,237 | -€6,001 | -82.9% |
| Other financial income | 752/9 | €27,781 | €13,428 | -€14,353 | -51.7% |
| Financial charges | 65/66B | €110,497 | €152,148 | +€41,651 | +37.7% |
| Recurring financial charges | 65 | €110,497 | €152,148 | +€41,651 | +37.7% |
| Debt charges | 650 | €92,882 | €133,322 | +€40,440 | +43.5% |
| Other financial charges | 652/9 | €17,615 | €18,825 | +€1,211 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €757,499 | €976,371 | +€218,872 | +28.9% |
| Income taxes | 67/77 | €296,993 | €354,835 | +€57,842 | +19.5% |
| Taxes | 670/3 | €296,993 | €354,835 | +€57,842 | +19.5% |
| Profit (loss) for the period | 9904 | €460,506 | €621,536 | +€161,030 | +35.0% |
| Transfer from tax-exempt reserves | 789 | €168,400 | €0 | -€168,400 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €628,906 | €621,536 | -€7,370 | -1.2% |
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 28 October 2026 via checked.be.