Bekaert Bouw: 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 Bouw
Largest movements
- Tangible fixed assets +€25,644
up €25,644 (+37.0%), from €69,285 to €94,930
of which Assets under construction and advance payments: +€33,504
- Cash +€19,511
up €19,511 (+75.2%), from €25,948 to €45,459
mainly Net result for the year (+€40,985) and Depreciation (+€17,197)
- Receivables within one year -€2,402
down €2,402 (-5.2%), from €46,146 to €43,744
of which Trade receivables: -€1,967
- Profit (loss) carried forward +€40,985
up €40,985 (+49.1%), from €83,394 to €124,379
- Trade debts +€12,463
up €12,463 (+359%), from €3,474 to €15,937
- Other debts -€10,812
down €10,812 (-22.4%), from €48,351 to €37,540
- Gross operating margin +€12,132
up €12,132 (+19.9%), from €60,846 to €72,978
- Taxes +€2,887
up €2,887 (+26.7%), from €10,795 to €13,681
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 | €142,883 | €185,640 | +€42,757 | +29.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €69,285 | €95,010 | +€25,724 | +37.1% |
| Tangible fixed assets | 22/27 | €69,285 | €94,930 | +€25,644 | +37.0% |
| Land and buildings | 22 | €2,370 | €2,127 | -€243 | -10.3% |
| Plant, machinery and equipment | 23 | €46,328 | €42,965 | -€3,363 | -7.3% |
| Furniture and vehicles | 24 | €5,317 | €1,063 | -€4,253 | -80.0% |
| Assets under construction and advance payments | 27 | €15,271 | €48,775 | +€33,504 | +219% |
| Financial fixed assets | 28 | - | €80 | +€80 | |
| Current assets | 29/58 | €73,598 | €90,630 | +€17,033 | +23.1% |
| Amounts receivable within one year | 40/41 | €46,146 | €43,744 | -€2,402 | -5.2% |
| Trade receivables | 40 | €38,142 | €36,175 | -€1,967 | -5.2% |
| Other amounts receivable | 41 | €8,003 | €7,569 | -€435 | -5.4% |
| Cash at bank and in hand | 54/58 | €25,948 | €45,459 | +€19,511 | +75.2% |
| Deferred charges and accrued income | 490/1 | €1,504 | €1,428 | -€76 | -5.1% |
| Total equity and liabilities | 10/49 | €142,883 | €185,640 | +€42,757 | +29.9% |
| Equity | 10/15 | €88,394 | €129,379 | +€40,985 | +46.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,394 | €124,379 | +€40,985 | +49.1% |
| Amounts payable | 17/49 | €54,489 | €56,261 | +€1,772 | +3.3% |
| Amounts payable within one year | 42/48 | €53,997 | €55,877 | +€1,880 | +3.5% |
| Trade debts | 44 | €3,474 | €15,937 | +€12,463 | +359% |
| Suppliers | 440/4 | €3,474 | €15,937 | +€12,463 | +359% |
| Taxes, remuneration and social security | 45 | €2,172 | €2,400 | +€228 | +10.5% |
| Taxes | 450/3 | €672 | €900 | +€228 | +33.9% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €48,351 | €37,540 | -€10,812 | -22.4% |
| Accrued charges and deferred income | 492/3 | €492 | €384 | -€108 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,160 | €17,197 | +€37 | +0.2% |
| Other operating charges | 640/8 | €1,103 | €782 | -€322 | -29.2% |
| Gross operating margin | 9900 | €60,846 | €72,978 | +€12,132 | +19.9% |
| Operating profit (loss) | 9901 | €42,583 | €54,999 | +€12,417 | +29.2% |
| Financial income | 75/76B | €34 | €0 | -€34 | -99.8% |
| Recurring financial income | 75 | €34 | €0 | -€34 | -99.8% |
| Financial charges | 65/66B | €443 | €333 | -€110 | -24.8% |
| Recurring financial charges | 65 | €443 | €333 | -€110 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €42,174 | €54,666 | +€12,493 | +29.6% |
| Income taxes | 67/77 | €10,795 | €13,681 | +€2,887 | +26.7% |
| Profit (loss) for the period | 9904 | €31,379 | €40,985 | +€9,606 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,379 | €40,985 | +€9,606 | +30.6% |
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 23 October 2026 via checked.be.