BEKAERT B. GREEN: 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 B. GREEN
Largest movements
- Cash -€33,370
down €33,370 (-68.6%), from €48,660 to €15,289
mainly Contributions, distributions and other (-€88,490) and Receivables within one year (-€26,062)
- Receivables within one year +€26,062
up €26,062 (+42.4%), from €61,466 to €87,528
of which Trade receivables: +€31,688
- Stocks and contracts +€16,159
up €16,159 (+65.6%), from €24,645 to €40,804
- Debts after one year +€88,615
up €88,615 (+43.8%), from €202,111 to €290,726
- Reserves -€82,298
down €82,298 (-24.3%), from €339,097 to €256,799
of which Distributable reserves: -€50,723
- Tax, wage and social debts +€6,953
up €6,953 (+205%), from €3,397 to €10,350
- Taxes +€5,336
up €5,336 (+69.7%), from €7,655 to €12,991
- Gross operating margin +€3,516
up €3,516 (+17.5%), from €20,145 to €23,661
- Financial charges +€3,496
up €3,496 (+1,600%), from €218 to €3,714
- Financial income -€903
down €903 (-100.0%), from €903 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €657,987 | €669,940 | +€11,953 | +1.8% |
| Fixed assets | 21/28 | €522,000 | €525,066 | +€3,066 | +0.6% |
| Tangible fixed assets | 22/27 | - | €3,066 | +€3,066 | |
| Furniture and vehicles | 24 | - | €3,066 | +€3,066 | |
| Financial fixed assets | 28 | €522,000 | €522,000 | = | 0.0% |
| Current assets | 29/58 | €135,987 | €144,874 | +€8,888 | +6.5% |
| Stocks and contracts in progress | 3 | €24,645 | €40,804 | +€16,159 | +65.6% |
| Stocks | 30/36 | €24,645 | €40,804 | +€16,159 | +65.6% |
| Amounts receivable within one year | 40/41 | €61,466 | €87,528 | +€26,062 | +42.4% |
| Trade receivables | 40 | €55,055 | €86,742 | +€31,688 | +57.6% |
| Other amounts receivable | 41 | €6,411 | €786 | -€5,625 | -87.7% |
| Cash at bank and in hand | 54/58 | €48,660 | €15,289 | -€33,370 | -68.6% |
| Deferred charges and accrued income | 490/1 | €1,216 | €1,254 | +€37 | +3.1% |
| Total equity and liabilities | 10/49 | €657,987 | €669,940 | +€11,953 | +1.8% |
| Equity | 10/15 | €439,336 | €357,038 | -€82,298 | -18.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €339,097 | €256,799 | -€82,298 | -24.3% |
| Tax-exempt reserves | 132 | €113,119 | €81,544 | -€31,575 | -27.9% |
| Distributable reserves | 133 | €225,977 | €175,254 | -€50,723 | -22.4% |
| Profit (loss) carried forward | 14 | €239 | €239 | = | 0.0% |
| Amounts payable | 17/49 | €218,651 | €312,902 | +€94,251 | +43.1% |
| Amounts payable after more than one year | 17 | €202,111 | €290,726 | +€88,615 | +43.8% |
| Other amounts payable | 178/9 | €202,111 | €290,726 | +€88,615 | +43.8% |
| Amounts payable within one year | 42/48 | €16,540 | €22,176 | +€5,637 | +34.1% |
| Trade debts | 44 | €13,142 | €11,826 | -€1,316 | -10.0% |
| Suppliers | 440/4 | €13,142 | €11,826 | -€1,316 | -10.0% |
| Taxes, remuneration and social security | 45 | €3,397 | €10,350 | +€6,953 | +205% |
| Taxes | 450/3 | €3,397 | €10,350 | +€6,953 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €52 | +€52 | |
| Other operating charges | 640/8 | €746 | €713 | -€33 | -4.4% |
| Gross operating margin | 9900 | €20,145 | €23,661 | +€3,516 | +17.5% |
| Operating profit (loss) | 9901 | €19,399 | €22,897 | +€3,497 | +18.0% |
| Financial income | 75/76B | €903 | €0 | -€903 | -100.0% |
| Recurring financial income | 75 | €903 | €0 | -€903 | -100.0% |
| Financial charges | 65/66B | €218 | €3,714 | +€3,496 | +1,600% |
| Recurring financial charges | 65 | €218 | €3,714 | +€3,496 | +1,600% |
| Profit (loss) for the period before taxes | 9903 | €20,085 | €19,183 | -€902 | -4.5% |
| Income taxes | 67/77 | €7,655 | €12,991 | +€5,336 | +69.7% |
| Profit (loss) for the period | 9904 | €12,429 | €6,192 | -€6,238 | -50.2% |
| Transfer from tax-exempt reserves | 789 | €21,050 | €31,575 | +€10,525 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,479 | €37,767 | +€4,287 | +12.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.