Step 1: Find \( A - B \).
The set \( A - B \) represents the elements that are in \( A \) but not in \( B \). So:
\[
A = \{1, 2, 4\}, \quad B = \{2, 4, 5\}
\]
Thus,
\[
A - B = \{1\}
\]
Step 2: Find \( B - C \).
The set \( B - C \) represents the elements that are in \( B \) but not in \( C \). So:
\[
B = \{2, 4, 5\}, \quad C = \{2, 5\}
\]
Thus,
\[
B - C = \{4\}
\]
Step 3: Find the intersection \( (A - B) \cap (B - C) \).
Now, we find the intersection of \( A - B \) and \( B - C \):
\[
A - B = \{1\}, \quad B - C = \{4\}
\]
Thus, the intersection of these two sets is:
\[
(A - B) \cap (B - C) = \{1\} \cap \{4\} = \emptyset
\]
Step 4: Conclusion.
Therefore, the value of \( (A - B) \cap (B - C) \) is \( \emptyset \), which corresponds to option (C).