BEMA: what changed
BEMA
Largest movements
- Deferred charges and accrued income +€4,653
up €4,653 (+1,044%), from €446 to €5,099
- Receivables within one year -€4,205
down €4,205 (-49.6%), from €8,470 to €4,266
of which Other amounts receivable: -€3,221
- Tangible fixed assets +€3,544
up €3,544 (+68.3%), from €5,185 to €8,728
of which Plant, machinery and equipment: +€3,813
- Cash +€3,144
up €3,144 (+22.9%), from €13,728 to €16,872
mainly Net result for the year (+€14,556) and Receivables within one year (+€4,205)
- Current investments -€2,108
down €2,108 (-44.7%), from €4,715 to €2,607
- Profit (loss) carried forward +€14,556
up €14,556 (+42.6%), from -€34,157 to -€19,600
- Other debts -€14,000
down €14,000 (-36.1%), from €38,809 to €24,809
- Trade debts +€3,326
up €3,326 (+28.7%), from €11,572 to €14,898
- Tax, wage and social debts +€1,371
new in 2025: €1,371
- Debts after one year -€1,026
down €1,026 (-53.2%), from €1,930 to €904
- Gross operating margin -€25,933
down €25,933 (-58.5%), from €44,343 to €18,411
- Depreciation +€972
up €972 (+186%), from €522 to €1,494
- Other operating charges -€717
down €717 (-51.4%), from €1,395 to €679
- Financial charges +€499
up €499 (+53.2%), from €939 to €1,438
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,572 | €43,859 | +€4,286 | +10.8% |
| Fixed assets | 21/28 | €5,365 | €8,908 | +€3,544 | +66.1% |
| Tangible fixed assets | 22/27 | €5,185 | €8,728 | +€3,544 | +68.3% |
| Plant, machinery and equipment | 23 | €4,520 | €8,333 | +€3,813 | +84.4% |
| Furniture and vehicles | 24 | €664 | €395 | -€269 | -40.6% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €34,208 | €34,950 | +€743 | +2.2% |
| Stocks and contracts in progress | 3 | €6,848 | €6,106 | -€742 | -10.8% |
| Stocks | 30/36 | €6,848 | €6,106 | -€742 | -10.8% |
| Amounts receivable within one year | 40/41 | €8,470 | €4,266 | -€4,205 | -49.6% |
| Trade receivables | 40 | €1,436 | €452 | -€984 | -68.5% |
| Other amounts receivable | 41 | €7,035 | €3,814 | -€3,221 | -45.8% |
| Current investments | 50/53 | €4,715 | €2,607 | -€2,108 | -44.7% |
| Cash at bank and in hand | 54/58 | €13,728 | €16,872 | +€3,144 | +22.9% |
| Deferred charges and accrued income | 490/1 | €446 | €5,099 | +€4,653 | +1,044% |
| Total equity and liabilities | 10/49 | €39,572 | €43,859 | +€4,286 | +10.8% |
| Equity | 10/15 | -€13,706 | €851 | +€14,556 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,157 | -€19,600 | +€14,556 | +42.6% |
| Amounts payable | 17/49 | €53,278 | €43,008 | -€10,270 | -19.3% |
| Amounts payable after more than one year | 17 | €1,930 | €904 | -€1,026 | -53.2% |
| Financial debts | 170/4 | €1,930 | €904 | -€1,026 | -53.2% |
| Amounts payable within one year | 42/48 | €51,348 | €42,104 | -€9,244 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €966 | €1,026 | +€60 | +6.2% |
| Trade debts | 44 | €11,572 | €14,898 | +€3,326 | +28.7% |
| Suppliers | 440/4 | €11,572 | €14,898 | +€3,326 | +28.7% |
| Taxes, remuneration and social security | 45 | - | €1,371 | +€1,371 | |
| Taxes | 450/3 | - | €1,371 | +€1,371 | |
| Other amounts payable | 47/48 | €38,809 | €24,809 | -€14,000 | -36.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €522 | €1,494 | +€972 | +186% |
| Other operating charges | 640/8 | €1,395 | €679 | -€717 | -51.4% |
| Gross operating margin | 9900 | €44,343 | €18,411 | -€25,933 | -58.5% |
| Operating profit (loss) | 9901 | €42,426 | €16,237 | -€26,189 | -61.7% |
| Financial income | 75/76B | €69 | €11 | -€57 | -83.7% |
| Recurring financial income | 75 | €69 | €11 | -€57 | -83.7% |
| Financial charges | 65/66B | €939 | €1,438 | +€499 | +53.2% |
| Recurring financial charges | 65 | €939 | €1,438 | +€499 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €41,556 | €14,811 | -€26,745 | -64.4% |
| Income taxes | 67/77 | €130 | €255 | +€124 | +95.5% |
| Profit (loss) for the period | 9904 | €41,426 | €14,556 | -€26,869 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,426 | €14,556 | -€26,869 | -64.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.