Bekaert Building Logistics: 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 Building Logistics
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+39.1%), from €2.7m to €3.7m
of which Plant, machinery and equipment: +€1.0m
- Current investments +€325,000
up €325,000, from €0 to €325,000
- Cash -€180,120
down €180,120 (-67.5%), from €266,980 to €86,860
mainly Investment in fixed assets (net) (-€1.8m) and Current investments (-€325,000)
- Receivables within one year +€137,691
up €137,691 (+37.1%), from €371,546 to €509,237
of which Trade receivables: +€75,401
- Debts after one year +€1.2m
new in 2025: €1.2m
- Reserves +€183,005
up €183,005 (+6.3%), from €2.9m to €3.1m
of which Distributable reserves: +€183,005
- Gross operating margin +€279,029
up €279,029 (+27.4%), from €1.0m to €1.3m
- Depreciation +€176,542
up €176,542 (+31.4%), from €562,624 to €739,165
- Staff costs +€33,059
up €33,059 (+12.8%), from €258,472 to €291,531
- Financial charges +€18,754
up €18,754 (+4,561%), from €411 to €19,165
- Financial income -€17,274
down €17,274 (-74.6%), from €23,148 to €5,874
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 | €3,333,288 | €4,663,089 | +€1.3m | +39.9% |
| Fixed assets | 21/28 | €2,662,233 | €3,702,226 | +€1.0m | +39.1% |
| Tangible fixed assets | 22/27 | €2,662,233 | €3,702,226 | +€1.0m | +39.1% |
| Plant, machinery and equipment | 23 | €2,660,593 | €3,700,912 | +€1.0m | +39.1% |
| Furniture and vehicles | 24 | €1,640 | €1,314 | -€326 | -19.9% |
| Current assets | 29/58 | €671,056 | €960,863 | +€289,808 | +43.2% |
| Amounts receivable within one year | 40/41 | €371,546 | €509,237 | +€137,691 | +37.1% |
| Trade receivables | 40 | €272,906 | €348,308 | +€75,401 | +27.6% |
| Other amounts receivable | 41 | €98,639 | €160,929 | +€62,290 | +63.1% |
| Current investments | 50/53 | €0 | €325,000 | +€325,000 | |
| Cash at bank and in hand | 54/58 | €266,980 | €86,860 | -€180,120 | -67.5% |
| Deferred charges and accrued income | 490/1 | €32,529 | €39,766 | +€7,236 | +22.2% |
| Total equity and liabilities | 10/49 | €3,333,288 | €4,663,089 | +€1.3m | +39.9% |
| Equity | 10/15 | €3,202,052 | €3,385,056 | +€183,005 | +5.7% |
| Contributions | 10/11 | €300,830 | €300,830 | = | 0.0% |
| Capital | 10 | €300,830 | €300,830 | = | 0.0% |
| Issued capital | 100 | €300,830 | €300,830 | = | 0.0% |
| Reserves | 13 | €2,901,222 | €3,084,227 | +€183,005 | +6.3% |
| Non-distributable reserves | 130/1 | €30,083 | €30,083 | = | 0.0% |
| Legal reserve | 130 | €30,083 | €30,083 | = | 0.0% |
| Tax-exempt reserves | 132 | €176,707 | €176,707 | = | 0.0% |
| Distributable reserves | 133 | €2,694,432 | €2,877,437 | +€183,005 | +6.8% |
| Amounts payable | 17/49 | €131,236 | €1,278,033 | +€1.1m | +874% |
| Amounts payable after more than one year | 17 | - | €1,163,662 | +€1.2m | |
| Financial debts | 170/4 | - | €1,163,662 | +€1.2m | |
| Amounts payable within one year | 42/48 | €125,926 | €91,766 | -€34,160 | -27.1% |
| Trade debts | 44 | €59,637 | €64,711 | +€5,074 | +8.5% |
| Suppliers | 440/4 | €59,637 | €64,711 | +€5,074 | +8.5% |
| Taxes, remuneration and social security | 45 | €66,290 | €27,055 | -€39,235 | -59.2% |
| Taxes | 450/3 | €43,904 | €371 | -€43,533 | -99.2% |
| Remuneration and social security | 454/9 | €22,386 | €26,684 | +€4,298 | +19.2% |
| Accrued charges and deferred income | 492/3 | €5,310 | €22,605 | +€17,295 | +326% |
| Remuneration, social security and pensions | 62 | €258,472 | €291,531 | +€33,059 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €562,624 | €739,165 | +€176,542 | +31.4% |
| Other operating charges | 640/8 | €12,014 | €8,922 | -€3,092 | -25.7% |
| Gross operating margin | 9900 | €1,019,424 | €1,298,453 | +€279,029 | +27.4% |
| Operating profit (loss) | 9901 | €186,314 | €258,835 | +€72,521 | +38.9% |
| Financial income | 75/76B | €23,148 | €5,874 | -€17,274 | -74.6% |
| Recurring financial income | 75 | €23,148 | €5,874 | -€17,274 | -74.6% |
| Financial charges | 65/66B | €411 | €19,165 | +€18,754 | +4,561% |
| Recurring financial charges | 65 | €411 | €19,165 | +€18,754 | +4,561% |
| Profit (loss) for the period before taxes | 9903 | €209,051 | €245,544 | +€36,493 | +17.5% |
| Income taxes | 67/77 | €53,982 | €62,539 | +€8,557 | +15.9% |
| Profit (loss) for the period | 9904 | €155,069 | €183,005 | +€27,935 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €155,069 | €183,005 | +€27,935 | +18.0% |
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.