Bekaert Carl: 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 Carl
Largest movements
- Cash +€13,846
up €13,846 (+84.4%), from €16,397 to €30,242
mainly Depreciation (+€26,151) and Receivables within one year (+€8,620)
- Tangible fixed assets -€13,126
down €13,126 (-13.2%), from €99,348 to €86,221
of which Plant, machinery and equipment: -€10,354
- Receivables within one year -€8,620
down €8,620 (-5.5%), from €156,037 to €147,417
of which Other amounts receivable: -€49,159
- Trade debts -€11,209
down €11,209 (-50.6%), from €22,153 to €10,944
- Gross operating margin -€21,147
down €21,147 (-45.0%), from €46,970 to €25,823
- Taxes -€4,480
down €4,480 (-83.6%), from €5,357 to €876
- Depreciation -€3,794
down €3,794 (-12.7%), from €29,945 to €26,151
- Financial charges -€2,123
down €2,123 (-95.7%), from €2,219 to €96
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 | €350,793 | €340,536 | -€10,257 | -2.9% |
| Fixed assets | 21/28 | €99,348 | €86,221 | -€13,126 | -13.2% |
| Tangible fixed assets | 22/27 | €99,348 | €86,221 | -€13,126 | -13.2% |
| Plant, machinery and equipment | 23 | €44,106 | €33,752 | -€10,354 | -23.5% |
| Furniture and vehicles | 24 | €33,776 | €34,024 | +€247 | +0.7% |
| Other tangible fixed assets | 26 | €21,465 | €18,445 | -€3,020 | -14.1% |
| Current assets | 29/58 | €251,446 | €254,315 | +€2,869 | +1.1% |
| Stocks and contracts in progress | 3 | €79,012 | €76,655 | -€2,357 | -3.0% |
| Stocks | 30/36 | €79,012 | €76,655 | -€2,357 | -3.0% |
| Amounts receivable within one year | 40/41 | €156,037 | €147,417 | -€8,620 | -5.5% |
| Trade receivables | 40 | €16,541 | €57,080 | +€40,539 | +245% |
| Other amounts receivable | 41 | €139,496 | €90,337 | -€49,159 | -35.2% |
| Cash at bank and in hand | 54/58 | €16,397 | €30,242 | +€13,846 | +84.4% |
| Total equity and liabilities | 10/49 | €350,793 | €340,536 | -€10,257 | -2.9% |
| Equity | 10/15 | €327,796 | €328,606 | +€810 | +0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €307,796 | €308,606 | +€810 | +0.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €305,796 | €306,606 | +€810 | +0.3% |
| Amounts payable | 17/49 | €22,997 | €11,930 | -€11,067 | -48.1% |
| Amounts payable within one year | 42/48 | €22,997 | €11,930 | -€11,067 | -48.1% |
| Trade debts | 44 | €22,153 | €10,944 | -€11,209 | -50.6% |
| Suppliers | 440/4 | €22,153 | €10,944 | -€11,209 | -50.6% |
| Taxes, remuneration and social security | 45 | €845 | €986 | +€142 | +16.8% |
| Taxes | 450/3 | €845 | €986 | +€142 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,945 | €26,151 | -€3,794 | -12.7% |
| Other operating charges | 640/8 | €1,622 | €1,779 | +€157 | +9.7% |
| Gross operating margin | 9900 | €46,970 | €25,823 | -€21,147 | -45.0% |
| Operating profit (loss) | 9901 | €15,403 | -€2,107 | -€17,511 | |
| Financial income | 75/76B | €3,835 | €3,889 | +€55 | +1.4% |
| Recurring financial income | 75 | €3,835 | €3,889 | +€55 | +1.4% |
| Financial charges | 65/66B | €2,219 | €96 | -€2,123 | -95.7% |
| Recurring financial charges | 65 | €2,219 | €96 | -€2,123 | -95.7% |
| Profit (loss) for the period before taxes | 9903 | €17,019 | €1,686 | -€15,333 | -90.1% |
| Income taxes | 67/77 | €5,357 | €876 | -€4,480 | -83.6% |
| Profit (loss) for the period | 9904 | €11,662 | €810 | -€10,852 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,662 | €810 | -€10,852 | -93.1% |
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 20 October 2026 via checked.be.