BEKAERT BUILDING GROUP: 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.
What changed
BEKAERT BUILDING GROUP
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €436,757+€1.2m
Equity
€33.8m
2024 · €32.3m+€1.5m
Cash
€326,804
2024 · €259,800+€67,004
Balance sheet total
€34.2m
2024 · €33.1m+€1.1m
Largest movements
Assets
- Financial fixed assets +€1.2m
up €1.2m (+4.6%), from €25.1m to €26.3m
Equity and liabilities
- Profit (loss) carried forward +€1.4m
up €1.4m (+7.0%), from €20.5m to €21.9m
- Other debts -€454,809
down €454,809 (-75.8%), from €600,009 to €145,200
Income statement
- Financial income +€946,950
up €946,950 (+408%), from €232,059 to €1.2m
- Turnover +€521,797
up €521,797 (+23.3%), from €2.2m to €2.8m
- Staff costs +€208,184
up €208,184 (+41.2%), from €504,913 to €713,096
- Services and other goods -€134,070
down €134,070 (-9.5%), from €1.4m to €1.3m
- Financial charges +€81,210
up €81,210, from -€17,255 to €63,955
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.
Result 2024
€436,757
Turnover
+€521,797
Other operating income
+€2,349
Services and other goods
+€134,070
Staff costs
-€208,184
Depreciation
-€7,711
Other operating charges
+€35
Other operating items
-€2,067
Financial income
+€946,950
Financial charges
-€81,210
Taxes
-€70,053
Result 2025
€1.7m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
-€1.2m
Financing
-€145,200
Cash 2024
€259,800
From operations (derived)
+€1.4m
Net result for the year
+€1.7m
Depreciation
+€32,720
Receivables within one year
+€131,227
Deferred charges and accrued income
-€9,293
Trade debts
+€17,475
Tax, wage and social debts
+€25,975
Other debts
-€454,809
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Current investments
+€6,050
Financing
-€145,200
Contributions, distributions and other
-€145,200
Cash 2025
€326,804
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,106,814 | €34,222,989 | +€1.1m | +3.4% |
| Fixed assets | 21/28 | €25,193,377 | €26,370,532 | +€1.2m | +4.7% |
| Tangible fixed assets | 22/27 | €91,491 | €104,984 | +€13,492 | +14.7% |
| Furniture and vehicles | 24 | €91,491 | €104,984 | +€13,492 | +14.7% |
| Financial fixed assets | 28 | €25,101,886 | €26,265,548 | +€1.2m | +4.6% |
| Affiliated companies | 280/1 | €25,101,886 | €26,265,548 | +€1.2m | +4.6% |
| Participating interests | 280 | €25,101,886 | €25,101,886 | = | 0.0% |
| Amounts receivable | 281 | - | €1,163,662 | +€1.2m | |
| Current assets | 29/58 | €7,913,437 | €7,852,457 | -€60,980 | -0.8% |
| Amounts receivable within one year | 40/41 | €413,247 | €282,020 | -€131,227 | -31.8% |
| Trade receivables | 40 | €281,030 | €243,444 | -€37,586 | -13.4% |
| Other amounts receivable | 41 | €132,217 | €38,576 | -€93,641 | -70.8% |
| Current investments | 50/53 | €7,226,525 | €7,220,475 | -€6,050 | -0.1% |
| Other investments | 51/53 | €7,226,525 | €7,220,475 | -€6,050 | -0.1% |
| Cash at bank and in hand | 54/58 | €259,800 | €326,804 | +€67,004 | +25.8% |
| Deferred charges and accrued income | 490/1 | €13,866 | €23,158 | +€9,293 | +67.0% |
| Total equity and liabilities | 10/49 | €33,106,814 | €34,222,989 | +€1.1m | +3.4% |
| Equity | 10/15 | €32,254,634 | €33,782,167 | +€1.5m | +4.7% |
| Contributions | 10/11 | €11,592,675 | €11,592,675 | = | 0.0% |
| Capital | 10 | €11,592,675 | €11,592,675 | = | 0.0% |
| Issued capital | 100 | €11,592,675 | €11,592,675 | = | 0.0% |
| Reserves | 13 | €179,176 | €262,813 | +€83,637 | +46.7% |
| Non-distributable reserves | 130/1 | €179,176 | €262,813 | +€83,637 | +46.7% |
| Legal reserve | 130 | €179,176 | €262,813 | +€83,637 | +46.7% |
| Profit (loss) carried forward | 14 | €20,482,783 | €21,926,679 | +€1.4m | +7.0% |
| Amounts payable | 17/49 | €852,180 | €440,822 | -€411,358 | -48.3% |
| Amounts payable within one year | 42/48 | €852,180 | €440,822 | -€411,358 | -48.3% |
| Trade debts | 44 | €134,516 | €151,991 | +€17,475 | +13.0% |
| Suppliers | 440/4 | €134,516 | €151,991 | +€17,475 | +13.0% |
| Taxes, remuneration and social security | 45 | €117,656 | €143,631 | +€25,975 | +22.1% |
| Taxes | 450/3 | €55,481 | €52,061 | -€3,420 | -6.2% |
| Remuneration and social security | 454/9 | €62,174 | €91,570 | +€29,396 | +47.3% |
| Other amounts payable | 47/48 | €600,009 | €145,200 | -€454,809 | -75.8% |
| Operating income | 70/76A | €2,262,354 | €2,786,500 | +€524,146 | +23.2% |
| Turnover | 70 | €2,243,590 | €2,765,387 | +€521,797 | +23.3% |
| Other operating income | 74 | €18,765 | €21,114 | +€2,349 | +12.5% |
| Operating charges | 60/66A | €1,949,251 | €2,033,109 | +€83,857 | +4.3% |
| Services and other goods | 61 | €1,405,468 | €1,271,398 | -€134,070 | -9.5% |
| Remuneration, social security and pensions | 62 | €504,913 | €713,096 | +€208,184 | +41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,008 | €32,720 | +€7,711 | +30.8% |
| Other operating charges | 640/8 | €13,862 | €13,828 | -€35 | -0.3% |
| Non-recurring operating charges | 66A | - | €2,067 | +€2,067 | |
| Operating profit (loss) | 9901 | €313,103 | €753,391 | +€440,288 | +141% |
| Financial income | 75/76B | €232,059 | €1,179,009 | +€946,950 | +408% |
| Recurring financial income | 75 | €232,059 | €1,179,009 | +€946,950 | +408% |
| Income from financial fixed assets | 750 | - | €823,364 | +€823,364 | |
| Income from current assets | 751 | €162,786 | €172,749 | +€9,963 | +6.1% |
| Other financial income | 752/9 | €69,273 | €182,896 | +€113,623 | +164% |
| Financial charges | 65/66B | -€17,255 | €63,955 | +€81,210 | |
| Recurring financial charges | 65 | -€17,255 | €63,955 | +€81,210 | |
| Debt charges | 650 | €11,243 | €13,033 | +€1,790 | +15.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€28,949 | €22,222 | +€51,171 | |
| Other financial charges | 652/9 | €452 | €28,700 | +€28,248 | +6,256% |
| Profit (loss) for the period before taxes | 9903 | €562,417 | €1,868,446 | +€1.3m | +232% |
| Income taxes | 67/77 | €125,660 | €195,713 | +€70,053 | +55.7% |
| Taxes | 670/3 | €125,660 | €195,713 | +€70,053 | +55.7% |
| Profit (loss) for the period | 9904 | €436,757 | €1,672,733 | +€1.2m | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €436,757 | €1,672,733 | +€1.2m | +283% |
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 31 October 2026 via checked.be.