BEMACON: what changed
BEMACON
Largest movements
- Receivables within one year +€205,386
up €205,386 (+203%), from €101,076 to €306,462
of which Other amounts receivable: +€235,233
- Cash -€53,119
down €53,119 (-27.9%), from €190,411 to €137,293
mainly Receivables within one year (-€205,386) and Accrued charges and deferred income (-€27,911)
- Tangible fixed assets -€36,361
down €36,361 (-8.5%), from €427,494 to €391,133
of which Land and buildings: -€22,830
- Receivables after one year +€25,272
up €25,272 (+3.6%), from €700,000 to €725,272
- Other debts +€157,010
up €157,010 (+29.6%), from €531,105 to €688,115
- Accrued charges and deferred income -€27,911
down €27,911 (-63.1%), from €44,244 to €16,333
- Reserves +€18,507
up €18,507 (+2.2%), from €824,816 to €843,323
- Financial income -€73,640
down €73,640 (-74.9%), from €98,261 to €24,622
- Financial charges -€30,158
down €30,158 (-63.7%), from €47,372 to €17,214
- Gross operating margin -€11,183
down €11,183 (-14.2%), from €78,567 to €67,384
- Taxes -€9,402
down €9,402 (-39.8%), from €23,651 to €14,249
- Depreciation -€3,268
down €3,268 (-8.2%), from €39,629 to €36,361
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 | €1,420,221 | €1,561,424 | +€141,203 | +9.9% |
| Fixed assets | 21/28 | €427,494 | €391,133 | -€36,361 | -8.5% |
| Tangible fixed assets | 22/27 | €427,494 | €391,133 | -€36,361 | -8.5% |
| Land and buildings | 22 | €412,998 | €390,168 | -€22,830 | -5.5% |
| Plant, machinery and equipment | 23 | €2,844 | €965 | -€1,879 | -66.1% |
| Furniture and vehicles | 24 | €11,651 | €0 | -€11,651 | -100% |
| Current assets | 29/58 | €992,728 | €1,170,292 | +€177,564 | +17.9% |
| Amounts receivable after more than one year | 29 | €700,000 | €725,272 | +€25,272 | +3.6% |
| Other amounts receivable | 291 | €700,000 | €725,272 | +€25,272 | +3.6% |
| Amounts receivable within one year | 40/41 | €101,076 | €306,462 | +€205,386 | +203% |
| Trade receivables | 40 | €43,236 | €13,389 | -€29,847 | -69.0% |
| Other amounts receivable | 41 | €57,840 | €293,073 | +€235,233 | +407% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €190,411 | €137,293 | -€53,119 | -27.9% |
| Deferred charges and accrued income | 490/1 | €1,241 | €1,266 | +€25 | +2.0% |
| Total equity and liabilities | 10/49 | €1,420,221 | €1,561,424 | +€141,203 | +9.9% |
| Equity | 10/15 | €831,016 | €849,523 | +€18,507 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €824,816 | €843,323 | +€18,507 | +2.2% |
| Distributable reserves | 133 | €824,816 | €843,323 | +€18,507 | +2.2% |
| Amounts payable | 17/49 | €589,206 | €711,902 | +€122,696 | +20.8% |
| Amounts payable within one year | 42/48 | €544,962 | €695,569 | +€150,607 | +27.6% |
| Trade debts | 44 | €1,705 | €1,476 | -€229 | -13.4% |
| Suppliers | 440/4 | €1,705 | €1,476 | -€229 | -13.4% |
| Taxes, remuneration and social security | 45 | €12,152 | €5,978 | -€6,174 | -50.8% |
| Taxes | 450/3 | €12,152 | €5,978 | -€6,174 | -50.8% |
| Other amounts payable | 47/48 | €531,105 | €688,115 | +€157,010 | +29.6% |
| Accrued charges and deferred income | 492/3 | €44,244 | €16,333 | -€27,911 | -63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,629 | €36,361 | -€3,268 | -8.2% |
| Other operating charges | 640/8 | €5,548 | €5,675 | +€127 | +2.3% |
| Gross operating margin | 9900 | €78,567 | €67,384 | -€11,183 | -14.2% |
| Operating profit (loss) | 9901 | €33,391 | €25,349 | -€8,042 | -24.1% |
| Financial income | 75/76B | €98,261 | €24,622 | -€73,640 | -74.9% |
| Recurring financial income | 75 | €98,261 | €24,622 | -€73,640 | -74.9% |
| Financial charges | 65/66B | €47,372 | €17,214 | -€30,158 | -63.7% |
| Recurring financial charges | 65 | €47,372 | €17,214 | -€30,158 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | €84,280 | €32,756 | -€51,523 | -61.1% |
| Income taxes | 67/77 | €23,651 | €14,249 | -€9,402 | -39.8% |
| Profit (loss) for the period | 9904 | €60,629 | €18,507 | -€42,122 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,629 | €18,507 | -€42,122 | -69.5% |
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 2 November 2026 via checked.be.