Bekaert Algemene werken: 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.
Bekaert Algemene werken
Largest movements
- Cash -€18,791
down €18,791 (-60.0%), from €31,329 to €12,538
mainly Net result for the year (-€29,090) and Tax, wage and social debts (-€16,432)
- Receivables within one year -€6,400
down €6,400 (-25.3%), from €25,344 to €18,944
of which Trade receivables: -€5,099
- Profit (loss) carried forward -€29,090
down €29,090, from €4,229 to -€24,861
- Debts after one year +€21,716
new in 2025: €21,716
- Tax, wage and social debts -€16,432
down €16,432 (-66.6%), from €24,666 to €8,234
of which Taxes: -€15,382
- Other debts -€16,065
down €16,065 (-60.5%), from €26,565 to €10,500
- Trade debts +€7,384
up €7,384 (+637.1%), from €1,159 to €8,543
- Gross operating margin -€24,903
down €24,903, from €19,327 to -€5,575
- Financial charges +€3,129
up €3,129 (+179.0%), from €1,748 to €4,877
- Taxes -€2,934
no longer reported in 2025 (was €2,934)
- Depreciation +€2,112
up €2,112 (+20.8%), from €10,164 to €12,277
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.
Cash bridge derived
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 | €97,277 | €71,260 | -€26,018 | -26.7% |
| Fixed assets | 21/28 | €40,604 | €39,777 | -€827 | -2.0% |
| Intangible fixed assets | 21 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €40,604 | €39,777 | -€827 | -2.0% |
| Plant, machinery and equipment | 23 | €3,487 | €4,018 | +€531 | +15.2% |
| Furniture and vehicles | 24 | €37,117 | €35,759 | -€1,357 | -3.7% |
| Current assets | 29/58 | €56,673 | €31,482 | -€25,191 | -44.4% |
| Amounts receivable within one year | 40/41 | €25,344 | €18,944 | -€6,400 | -25.3% |
| Trade receivables | 40 | €18,674 | €13,576 | -€5,099 | -27.3% |
| Other amounts receivable | 41 | €6,670 | €5,369 | -€1,301 | -19.5% |
| Cash at bank and in hand | 54/58 | €31,329 | €12,538 | -€18,791 | -60.0% |
| Total equity and liabilities | 10/49 | €97,277 | €71,260 | -€26,018 | -26.7% |
| Equity | 10/15 | €44,888 | €15,798 | -€29,090 | -64.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €38,658 | €38,658 | = | 0.0% |
| Distributable reserves | 133 | €38,658 | €38,658 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,229 | -€24,861 | -€29,090 | |
| Amounts payable | 17/49 | €52,390 | €55,462 | +€3,072 | +5.9% |
| Amounts payable after more than one year | 17 | - | €21,716 | +€21,716 | |
| Financial debts | 170/4 | - | €21,716 | +€21,716 | |
| Amounts payable within one year | 42/48 | €52,390 | €33,746 | -€18,644 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | - | €6,469 | +€6,469 | |
| Trade debts | 44 | €1,159 | €8,543 | +€7,384 | +637.1% |
| Suppliers | 440/4 | €1,159 | €8,543 | +€7,384 | +637.1% |
| Taxes, remuneration and social security | 45 | €24,666 | €8,234 | -€16,432 | -66.6% |
| Taxes | 450/3 | €18,316 | €2,934 | -€15,382 | -84.0% |
| Remuneration and social security | 454/9 | €6,350 | €5,300 | -€1,050 | -16.5% |
| Other amounts payable | 47/48 | €26,565 | €10,500 | -€16,065 | -60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,164 | €12,277 | +€2,112 | +20.8% |
| Other operating charges | 640/8 | €442 | €612 | +€170 | +38.4% |
| Non-recurring operating charges | 66A | - | €5,749 | +€5,749 | |
| Gross operating margin | 9900 | €19,327 | -€5,575 | -€24,903 | |
| Operating profit (loss) | 9901 | €8,720 | -€24,213 | -€32,934 | |
| Financial income | 75/76B | €191 | €0 | -€191 | -99.7% |
| Recurring financial income | 75 | €191 | €0 | -€191 | -99.7% |
| Financial charges | 65/66B | €1,748 | €4,877 | +€3,129 | +179.0% |
| Recurring financial charges | 65 | €1,748 | €4,877 | +€3,129 | +179.0% |
| Profit (loss) for the period before taxes | 9903 | €7,163 | -€29,090 | -€36,253 | |
| Income taxes | 67/77 | €2,934 | - | -€2,934 | |
| Profit (loss) for the period | 9904 | €4,229 | -€29,090 | -€33,319 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,229 | -€29,090 | -€33,319 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.