B. Bekaert Consultancy: 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.
B. Bekaert Consultancy
Largest movements
- Cash +€177,756
up €177,756 (+21.9%), from €813,283 to €991,039
mainly Net result for the year (+€90,228) and Receivables within one year (+€88,795)
- Receivables within one year -€88,795
down €88,795 (-7.3%), from €1.2m to €1.1m
of which Trade receivables: -€83,548
- Reserves +€90,228
up €90,228 (+3.8%), from €2.4m to €2.5m
- Gross operating margin -€94,887
down €94,887 (-36.8%), from €257,890 to €163,003
- Write-downs -€64,637
no longer reported in 2025 (was €64,637)
- Financial income +€14,323
up €14,323 (+134%), from €10,650 to €24,972
- Financial charges +€9,937
up €9,937 (+178%), from €5,583 to €15,520
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 | €2,792,621 | €2,881,072 | +€88,451 | +3.2% |
| Fixed assets | 21/28 | €513,009 | €487,473 | -€25,536 | -5.0% |
| Tangible fixed assets | 22/27 | €513,009 | €487,473 | -€25,536 | -5.0% |
| Land and buildings | 22 | €512,340 | €487,473 | -€24,867 | -4.9% |
| Furniture and vehicles | 24 | €669 | - | -€669 | |
| Current assets | 29/58 | €2,279,612 | €2,393,599 | +€113,987 | +5.0% |
| Amounts receivable within one year | 40/41 | €1,215,752 | €1,126,957 | -€88,795 | -7.3% |
| Trade receivables | 40 | €176,242 | €92,695 | -€83,548 | -47.4% |
| Other amounts receivable | 41 | €1,039,509 | €1,034,262 | -€5,247 | -0.5% |
| Current investments | 50/53 | €250,000 | €274,999 | +€24,999 | +10.0% |
| Cash at bank and in hand | 54/58 | €813,283 | €991,039 | +€177,756 | +21.9% |
| Deferred charges and accrued income | 490/1 | €577 | €604 | +€27 | +4.7% |
| Total equity and liabilities | 10/49 | €2,792,621 | €2,881,072 | +€88,451 | +3.2% |
| Equity | 10/15 | €2,383,732 | €2,473,961 | +€90,228 | +3.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,365,182 | €2,455,411 | +€90,228 | +3.8% |
| Distributable reserves | 133 | €2,365,182 | €2,455,411 | +€90,228 | +3.8% |
| Amounts payable | 17/49 | €408,889 | €407,111 | -€1,778 | -0.4% |
| Amounts payable within one year | 42/48 | €403,930 | €392,679 | -€11,251 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €7,647 | - | -€7,647 | |
| Financial debts | 43 | - | €23,465 | +€23,465 | |
| Credit institutions | 430/8 | - | €23,465 | +€23,465 | |
| Trade debts | 44 | €14,520 | €1,013 | -€13,507 | -93.0% |
| Suppliers | 440/4 | €14,520 | €1,013 | -€13,507 | -93.0% |
| Taxes, remuneration and social security | 45 | €26,301 | €2,028 | -€24,272 | -92.3% |
| Taxes | 450/3 | €26,301 | €2,028 | -€24,272 | -92.3% |
| Other amounts payable | 47/48 | €355,462 | €366,172 | +€10,710 | +3.0% |
| Accrued charges and deferred income | 492/3 | €4,959 | €14,433 | +€9,474 | +191% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,333 | €34,865 | +€1,532 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €64,637 | - | -€64,637 | |
| Other operating charges | 640/8 | €4,937 | €4,599 | -€337 | -6.8% |
| Gross operating margin | 9900 | €257,890 | €163,003 | -€94,887 | -36.8% |
| Operating profit (loss) | 9901 | €154,983 | €123,539 | -€31,445 | -20.3% |
| Financial income | 75/76B | €10,650 | €24,972 | +€14,323 | +134% |
| Recurring financial income | 75 | €10,650 | €24,972 | +€14,323 | +134% |
| Financial charges | 65/66B | €5,583 | €15,520 | +€9,937 | +178% |
| Recurring financial charges | 65 | €5,583 | €15,520 | +€9,937 | +178% |
| Profit (loss) for the period before taxes | 9903 | €160,050 | €132,991 | -€27,059 | -16.9% |
| Income taxes | 67/77 | €42,273 | €42,762 | +€490 | +1.2% |
| Profit (loss) for the period | 9904 | €117,777 | €90,228 | -€27,549 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,777 | €90,228 | -€27,549 | -23.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.