Bekaert-Bouckaert: 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-Bouckaert
Largest movements
- Cash -€53,538
down €53,538 (-11.5%), from €463,726 to €410,187
mainly Contributions, distributions and other (-€246,000) and Other debts (-€62,000)
- Intangible fixed assets -€24,760
down €24,760 (-19.7%), from €125,865 to €101,105
- Receivables within one year +€8,957
up €8,957 (+115.4%), from €7,759 to €16,716
of which Trade receivables: +€9,149
- Other debts -€62,000
down €62,000 (-20.1%), from €308,000 to €246,000
- Gross operating margin -€55,295
down €55,295 (-13.7%), from €404,180 to €348,885
- Staff costs +€4,825
up €4,825 (+6.9%), from €69,722 to €74,548
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 | €606,587 | €541,225 | -€65,362 | -10.8% |
| Fixed assets | 21/28 | €125,865 | €101,105 | -€24,760 | -19.7% |
| Intangible fixed assets | 21 | €125,865 | €101,105 | -€24,760 | -19.7% |
| Current assets | 29/58 | €480,722 | €440,121 | -€40,601 | -8.4% |
| Amounts receivable within one year | 40/41 | €7,759 | €16,716 | +€8,957 | +115.4% |
| Trade receivables | 40 | €7,549 | €16,698 | +€9,149 | +121.2% |
| Other amounts receivable | 41 | €209 | €17 | -€192 | -91.6% |
| Cash at bank and in hand | 54/58 | €463,726 | €410,187 | -€53,538 | -11.5% |
| Deferred charges and accrued income | 490/1 | €9,238 | €13,218 | +€3,980 | +43.1% |
| Total equity and liabilities | 10/49 | €606,587 | €541,225 | -€65,362 | -10.8% |
| Equity | 10/15 | €273,140 | €274,703 | +€1,563 | +0.6% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Reserves | 13 | €3,140 | €4,703 | +€1,563 | +49.8% |
| Distributable reserves | 133 | €3,140 | €4,703 | +€1,563 | +49.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €333,447 | €266,522 | -€66,925 | -20.1% |
| Amounts payable within one year | 42/48 | €333,385 | €266,522 | -€66,863 | -20.1% |
| Trade debts | 44 | €9,584 | €4,120 | -€5,463 | -57.0% |
| Suppliers | 440/4 | €9,584 | €4,120 | -€5,463 | -57.0% |
| Taxes, remuneration and social security | 45 | €15,801 | €16,402 | +€601 | +3.8% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €15,801 | €16,402 | +€601 | +3.8% |
| Other amounts payable | 47/48 | €308,000 | €246,000 | -€62,000 | -20.1% |
| Accrued charges and deferred income | 492/3 | €62 | €0 | -€62 | -100.0% |
| Remuneration, social security and pensions | 62 | €69,722 | €74,548 | +€4,825 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,760 | €24,760 | = | 0.0% |
| Other operating charges | 640/8 | €748 | €777 | +€30 | +4.0% |
| Gross operating margin | 9900 | €404,180 | €348,885 | -€55,295 | -13.7% |
| Operating profit (loss) | 9901 | €308,950 | €248,800 | -€60,150 | -19.5% |
| Financial charges | 65/66B | €0 | €54 | +€54 | |
| Recurring financial charges | 65 | €0 | €54 | +€54 | |
| Profit (loss) for the period before taxes | 9903 | €308,950 | €248,746 | -€60,204 | -19.5% |
| Income taxes | 67/77 | €391 | €1,183 | +€792 | +202.7% |
| Profit (loss) for the period | 9904 | €308,559 | €247,563 | -€60,996 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €308,559 | €247,563 | -€60,996 | -19.8% |
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 11 October 2026 via checked.be.