BEKAERT HEINRICH: what changed
BEKAERT HEINRICH
Largest movements
- Tangible fixed assets +€5,913
up €5,913 (+947%), from €624 to €6,537
of which Furniture and vehicles: +€6,225
- Cash -€5,144
down €5,144 (-52.5%), from €9,789 to €4,645
mainly Investment in fixed assets (net) (-€7,457) and Tax, wage and social debts (-€3,371)
- Deferred charges and accrued income +€2,044
up €2,044 (+516%), from €396 to €2,440
- Receivables within one year -€2,013
down €2,013 (-9.1%), from €22,154 to €20,141
of which Trade receivables: -€2,445
- Trade debts +€6,858
up €6,858 (+132%), from €5,202 to €12,060
- Tax, wage and social debts -€3,371
down €3,371 (-17.7%), from €19,042 to €15,671
- Current portion of long-term debt -€1,412
down €1,412 (-100%), from €1,412 to €0
- Profit (loss) carried forward -€1,275
down €1,275 (-1.5%), from €83,308 to €82,033
- Gross operating margin -€39,718
down €39,718 (-91.4%), from €43,451 to €3,733
- Taxes -€9,774
down €9,774 (-85.0%), from €11,504 to €1,729
- Depreciation +€1,160
up €1,160 (+303%), from €383 to €1,544
- Financial charges -€1,142
down €1,142 (-83.3%), from €1,372 to €230
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,965 | €113,765 | +€800 | +0.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €625 | €6,538 | +€5,913 | +946% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €624 | €6,537 | +€5,913 | +947% |
| Plant, machinery and equipment | 23 | €624 | €312 | -€312 | -50.1% |
| Furniture and vehicles | 24 | - | €6,225 | +€6,225 | |
| Current assets | 29/58 | €112,340 | €107,226 | -€5,113 | -4.6% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,154 | €20,141 | -€2,013 | -9.1% |
| Trade receivables | 40 | €16,542 | €14,097 | -€2,445 | -14.8% |
| Other amounts receivable | 41 | €5,612 | €6,044 | +€432 | +7.7% |
| Cash at bank and in hand | 54/58 | €9,789 | €4,645 | -€5,144 | -52.5% |
| Deferred charges and accrued income | 490/1 | €396 | €2,440 | +€2,044 | +516% |
| Total equity and liabilities | 10/49 | €112,965 | €113,765 | +€800 | +0.7% |
| Equity | 10/15 | €87,308 | €86,033 | -€1,275 | -1.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,308 | €82,033 | -€1,275 | -1.5% |
| Amounts payable | 17/49 | €25,657 | €27,732 | +€2,075 | +8.1% |
| Amounts payable within one year | 42/48 | €25,657 | €27,732 | +€2,075 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €1,412 | €0 | -€1,412 | -100% |
| Trade debts | 44 | €5,202 | €12,060 | +€6,858 | +132% |
| Suppliers | 440/4 | €5,202 | €12,060 | +€6,858 | +132% |
| Taxes, remuneration and social security | 45 | €19,042 | €15,671 | -€3,371 | -17.7% |
| Taxes | 450/3 | €19,042 | €15,671 | -€3,371 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383 | €1,544 | +€1,160 | +303% |
| Other operating charges | 640/8 | €1,877 | €1,541 | -€337 | -17.9% |
| Gross operating margin | 9900 | €43,451 | €3,733 | -€39,718 | -91.4% |
| Operating profit (loss) | 9901 | €41,191 | €649 | -€40,542 | -98.4% |
| Financial income | 75/76B | €49 | €35 | -€14 | -28.5% |
| Recurring financial income | 75 | €49 | €35 | -€14 | -28.5% |
| Financial charges | 65/66B | €1,372 | €230 | -€1,142 | -83.3% |
| Recurring financial charges | 65 | €1,372 | €230 | -€1,142 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | €39,868 | €454 | -€39,414 | -98.9% |
| Income taxes | 67/77 | €11,504 | €1,729 | -€9,774 | -85.0% |
| Profit (loss) for the period | 9904 | €28,364 | -€1,275 | -€29,639 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,364 | -€1,275 | -€29,639 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.