BECQUART-WILLAERT: 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.
BECQUART-WILLAERT
Largest movements
- Cash -€34,737
down €34,737 (-44.8%), from €77,618 to €42,881
mainly Contributions, distributions and other (-€180,000) and Other debts (-€72,237)
- Tangible fixed assets -€24,383
down €24,383 (-4.0%), from €611,769 to €587,385
of which Land and buildings: -€40,417
- Profit (loss) carried forward -€238,470
down €238,470 (-100%), from €238,470 to €0
- Reserves +€102,331
new in 2025: €102,331
- Debts after one year +€96,845
up €96,845 (+36.9%), from €262,175 to €359,020
- Other debts -€72,237
down €72,237 (-58.8%), from €122,818 to €50,581
- Current portion of long-term debt +€39,116
up €39,116 (+87.7%), from €44,587 to €83,703
- Gross operating margin +€42,025
up €42,025 (+22.8%), from €184,687 to €226,712
- Taxes +€10,109
up €10,109 (+176%), from €5,754 to €15,863
- Staff costs +€5,680
up €5,680 (+11.6%), from €48,777 to €54,457
- Depreciation +€2,688
up €2,688 (+3.1%), from €87,852 to €90,541
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 | €719,379 | €659,804 | -€59,574 | -8.3% |
| Fixed assets | 21/28 | €611,769 | €587,385 | -€24,383 | -4.0% |
| Tangible fixed assets | 22/27 | €611,769 | €587,385 | -€24,383 | -4.0% |
| Land and buildings | 22 | €455,717 | €415,300 | -€40,417 | -8.9% |
| Plant, machinery and equipment | 23 | €44,827 | €25,319 | -€19,508 | -43.5% |
| Furniture and vehicles | 24 | €44,463 | €83,828 | +€39,365 | +88.5% |
| Other tangible fixed assets | 26 | €66,763 | €62,939 | -€3,824 | -5.7% |
| Current assets | 29/58 | €107,610 | €72,419 | -€35,191 | -32.7% |
| Stocks and contracts in progress | 3 | €21,036 | €17,834 | -€3,202 | -15.2% |
| Stocks | 30/36 | €21,036 | €17,834 | -€3,202 | -15.2% |
| Amounts receivable within one year | 40/41 | €8,470 | €10,610 | +€2,140 | +25.3% |
| Trade receivables | 40 | €8,169 | €10,453 | +€2,285 | +28.0% |
| Other amounts receivable | 41 | €301 | €157 | -€145 | -48.0% |
| Cash at bank and in hand | 54/58 | €77,618 | €42,881 | -€34,737 | -44.8% |
| Deferred charges and accrued income | 490/1 | €486 | €1,094 | +€608 | +125% |
| Total equity and liabilities | 10/49 | €719,379 | €659,804 | -€59,574 | -8.3% |
| Equity | 10/15 | €262,470 | €126,331 | -€136,139 | -51.9% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | - | €102,331 | +€102,331 | |
| Distributable reserves | 133 | - | €102,331 | +€102,331 | |
| Profit (loss) carried forward | 14 | €238,470 | €0 | -€238,470 | -100% |
| Amounts payable | 17/49 | €456,908 | €533,473 | +€76,565 | +16.8% |
| Amounts payable after more than one year | 17 | €262,175 | €359,020 | +€96,845 | +36.9% |
| Financial debts | 170/4 | €262,175 | €359,020 | +€96,845 | +36.9% |
| Amounts payable within one year | 42/48 | €192,153 | €169,713 | -€22,440 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €44,587 | €83,703 | +€39,116 | +87.7% |
| Trade debts | 44 | €14,979 | €22,926 | +€7,947 | +53.1% |
| Suppliers | 440/4 | €14,979 | €22,926 | +€7,947 | +53.1% |
| Taxes, remuneration and social security | 45 | €9,770 | €12,504 | +€2,734 | +28.0% |
| Taxes | 450/3 | €6,683 | €6,792 | +€109 | +1.6% |
| Remuneration and social security | 454/9 | €3,087 | €5,712 | +€2,625 | +85.0% |
| Other amounts payable | 47/48 | €122,818 | €50,581 | -€72,237 | -58.8% |
| Accrued charges and deferred income | 492/3 | €2,580 | €4,740 | +€2,160 | +83.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €48,777 | €54,457 | +€5,680 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,852 | €90,541 | +€2,688 | +3.1% |
| Other operating charges | 640/8 | €3,740 | €4,674 | +€933 | +25.0% |
| Gross operating margin | 9900 | €184,687 | €226,712 | +€42,025 | +22.8% |
| Operating profit (loss) | 9901 | €44,317 | €77,040 | +€32,723 | +73.8% |
| Financial income | 75/76B | €56 | €173 | +€116 | +207% |
| Recurring financial income | 75 | €56 | €173 | +€116 | +207% |
| Financial charges | 65/66B | €17,940 | €17,489 | -€451 | -2.5% |
| Recurring financial charges | 65 | €17,940 | €17,489 | -€451 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €26,434 | €59,724 | +€33,290 | +126% |
| Income taxes | 67/77 | €5,754 | €15,863 | +€10,109 | +176% |
| Profit (loss) for the period | 9904 | €20,680 | €43,861 | +€23,181 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €20,680 | €43,861 | +€23,181 | +112% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.