BEKAERT IMMO: 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 IMMO
Largest movements
- Tangible fixed assets +€798,578
up €798,578 (+54.7%), from €1.5m to €2.3m
- Revaluation surpluses +€839,738
new in 2025: €839,738
- Debts after one year -€92,232
down €92,232 (-25.3%), from €364,293 to €272,061
- Profit (loss) carried forward +€58,288
up €58,288 (+7.8%), from €749,905 to €808,192
- Other debts -€25,000
down €25,000 (-20.0%), from €125,000 to €100,000
- Gross operating margin -€7,964
down €7,964 (-5.2%), from €152,537 to €144,573
- Depreciation -€5,098
down €5,098 (-11.0%), from €46,258 to €41,160
- Financial charges -€2,406
down €2,406 (-16.8%), from €14,345 to €11,938
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.
Cash bridge derived
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 | €1,530,003 | €2,313,250 | +€783,248 | +51.2% |
| Fixed assets | 21/28 | €1,460,107 | €2,258,685 | +€798,578 | +54.7% |
| Tangible fixed assets | 22/27 | €1,460,107 | €2,258,685 | +€798,578 | +54.7% |
| Land and buildings | 22 | €1,460,107 | €2,258,685 | +€798,578 | +54.7% |
| Current assets | 29/58 | €69,895 | €54,565 | -€15,330 | -21.9% |
| Amounts receivable within one year | 40/41 | €4,377 | €8,927 | +€4,550 | +103.9% |
| Other amounts receivable | 41 | €4,377 | €8,927 | +€4,550 | +103.9% |
| Cash at bank and in hand | 54/58 | €65,518 | €45,638 | -€19,880 | -30.3% |
| Total equity and liabilities | 10/49 | €1,530,003 | €2,313,250 | +€783,248 | +51.2% |
| Equity | 10/15 | €950,932 | €1,848,957 | +€898,025 | +94.4% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €839,738 | +€839,738 | |
| Reserves | 13 | €21,027 | €21,027 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Legal reserve | 130 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €3,027 | €3,027 | = | 0.0% |
| Profit (loss) carried forward | 14 | €749,905 | €808,192 | +€58,288 | +7.8% |
| Amounts payable | 17/49 | €579,071 | €464,293 | -€114,778 | -19.8% |
| Amounts payable after more than one year | 17 | €364,293 | €272,061 | -€92,232 | -25.3% |
| Financial debts | 170/4 | €364,293 | €272,061 | -€92,232 | -25.3% |
| Amounts payable within one year | 42/48 | €214,778 | €192,232 | -€22,545 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €89,778 | €92,232 | +€2,455 | +2.7% |
| Other amounts payable | 47/48 | €125,000 | €100,000 | -€25,000 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,258 | €41,160 | -€5,098 | -11.0% |
| Other operating charges | 640/8 | €13,095 | €13,758 | +€663 | +5.1% |
| Gross operating margin | 9900 | €152,537 | €144,573 | -€7,964 | -5.2% |
| Operating profit (loss) | 9901 | €93,184 | €89,655 | -€3,529 | -3.8% |
| Financial charges | 65/66B | €14,345 | €11,938 | -€2,406 | -16.8% |
| Recurring financial charges | 65 | €14,345 | €11,938 | -€2,406 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €78,839 | €77,717 | -€1,122 | -1.4% |
| Income taxes | 67/77 | €19,710 | €19,429 | -€281 | -1.4% |
| Profit (loss) for the period | 9904 | €59,129 | €58,288 | -€842 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,129 | €58,288 | -€842 | -1.4% |
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 11 October 2026 via checked.be.