Bekaert II: 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 II
Largest movements
- Cash -€15,663
down €15,663 (-93.0%), from €16,841 to €1,179
mainly Net result for the year (-€15,762) and Tax, wage and social debts (-€1,371)
- Stocks and contracts -€1,678
down €1,678 (-100%), from €1,678 to €0
- Receivables within one year +€798
up €798 (+4.9%), from €16,203 to €17,001
- Tangible fixed assets -€710
down €710 (-13.8%), from €5,144 to €4,434
- Profit (loss) carried forward -€15,762
new in 2025: -€15,762
- Tax, wage and social debts -€1,371
down €1,371 (-49.5%), from €2,770 to €1,399
- Gross operating margin -€27,164
down €27,164, from €13,092 to -€14,072
- Other operating charges -€1,478
down €1,478 (-58.1%), from €2,545 to €1,067
- Taxes -€1,047
down €1,047 (-85.6%), from €1,223 to €176
- Staff costs -€419
down €419 (-73.8%), from €568 to €149
- Financial charges +€268
up €268 (+144%), from €186 to €454
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 | €39,993 | €22,741 | -€17,253 | -43.1% |
| Fixed assets | 21/28 | €5,270 | €4,561 | -€710 | -13.5% |
| Tangible fixed assets | 22/27 | €5,144 | €4,434 | -€710 | -13.8% |
| Plant, machinery and equipment | 23 | €5,144 | €4,434 | -€710 | -13.8% |
| Financial fixed assets | 28 | €126 | €126 | = | 0.0% |
| Current assets | 29/58 | €34,723 | €18,180 | -€16,543 | -47.6% |
| Stocks and contracts in progress | 3 | €1,678 | €0 | -€1,678 | -100% |
| Stocks | 30/36 | €1,678 | €0 | -€1,678 | -100% |
| Amounts receivable within one year | 40/41 | €16,203 | €17,001 | +€798 | +4.9% |
| Other amounts receivable | 41 | €16,203 | €17,001 | +€798 | +4.9% |
| Cash at bank and in hand | 54/58 | €16,841 | €1,179 | -€15,663 | -93.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €39,993 | €22,741 | -€17,253 | -43.1% |
| Equity | 10/15 | €36,221 | €20,458 | -€15,762 | -43.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €23,821 | €23,821 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €21,961 | €21,961 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€15,762 | -€15,762 | |
| Amounts payable | 17/49 | €3,773 | €2,282 | -€1,490 | -39.5% |
| Amounts payable within one year | 42/48 | €3,773 | €2,282 | -€1,490 | -39.5% |
| Trade debts | 44 | €1,002 | €883 | -€119 | -11.9% |
| Suppliers | 440/4 | €1,002 | €883 | -€119 | -11.9% |
| Taxes, remuneration and social security | 45 | €2,770 | €1,399 | -€1,371 | -49.5% |
| Taxes | 450/3 | €2,770 | €1,399 | -€1,371 | -49.5% |
| Remuneration, social security and pensions | 62 | €568 | €149 | -€419 | -73.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €710 | €710 | = | 0.0% |
| Other operating charges | 640/8 | €2,545 | €1,067 | -€1,478 | -58.1% |
| Gross operating margin | 9900 | €13,092 | -€14,072 | -€27,164 | |
| Operating profit (loss) | 9901 | €9,269 | -€15,997 | -€25,266 | |
| Financial income | 75/76B | €741 | €865 | +€123 | +16.6% |
| Recurring financial income | 75 | €741 | €865 | +€123 | +16.6% |
| Financial charges | 65/66B | €186 | €454 | +€268 | +144% |
| Recurring financial charges | 65 | €186 | €454 | +€268 | +144% |
| Profit (loss) for the period before taxes | 9903 | €9,825 | -€15,586 | -€25,411 | |
| Income taxes | 67/77 | €1,223 | €176 | -€1,047 | -85.6% |
| Profit (loss) for the period | 9904 | €8,602 | -€15,762 | -€24,364 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,602 | -€15,762 | -€24,364 |
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.