BEKAERT ROBBY: 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 ROBBY
Largest movements
- Receivables within one year -€94,248
down €94,248 (-87.1%), from €108,189 to €13,941
of which Trade receivables: -€98,952
- Cash +€44,806
up €44,806 (+1,600%), from €2,801 to €47,607
mainly Receivables within one year (+€94,248) and Other debts (+€13,591)
- Deferred charges and accrued income -€8,467
down €8,467 (-97.5%), from €8,681 to €214
- Stocks and contracts +€6,750
up €6,750 (+32.1%), from €20,998 to €27,748
of which Stocks: +€10,000
- Current portion of long-term debt -€45,243
no longer reported in 2025 (was €45,243)
- Accrued charges and deferred income -€14,353
no longer reported in 2025 (was €14,353)
- Other debts +€13,591
new in 2025: €13,591
- Profit (loss) carried forward -€7,664
new in 2025: -€7,664
- Trade debts +€1,732
new in 2025: €1,732
- Gross operating margin -€21,525
down €21,525 (-91.5%), from €23,520 to €1,995
- Depreciation -€10,124
down €10,124 (-70.6%), from €14,349 to €4,225
- Financial charges +€2,739
up €2,739 (+190%), from €1,443 to €4,182
- Taxes -€1,918
down €1,918 (-98.8%), from €1,941 to €23
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 | €144,313 | €92,376 | -€51,937 | -36.0% |
| Fixed assets | 21/28 | €3,644 | €2,866 | -€778 | -21.4% |
| Tangible fixed assets | 22/27 | €3,644 | €2,866 | -€778 | -21.4% |
| Plant, machinery and equipment | 23 | - | €2,866 | +€2,866 | |
| Furniture and vehicles | 24 | €3,644 | - | -€3,644 | |
| Current assets | 29/58 | €140,669 | €89,510 | -€51,159 | -36.4% |
| Stocks and contracts in progress | 3 | €20,998 | €27,748 | +€6,750 | +32.1% |
| Stocks | 30/36 | €4,248 | €14,248 | +€10,000 | +235% |
| Contracts in progress | 37 | €16,750 | €13,500 | -€3,250 | -19.4% |
| Amounts receivable within one year | 40/41 | €108,189 | €13,941 | -€94,248 | -87.1% |
| Trade receivables | 40 | €103,398 | €4,446 | -€98,952 | -95.7% |
| Other amounts receivable | 41 | €4,791 | €9,495 | +€4,704 | +98.2% |
| Cash at bank and in hand | 54/58 | €2,801 | €47,607 | +€44,806 | +1,600% |
| Deferred charges and accrued income | 490/1 | €8,681 | €214 | -€8,467 | -97.5% |
| Total equity and liabilities | 10/49 | €144,313 | €92,376 | -€51,937 | -36.0% |
| Equity | 10/15 | €84,717 | €77,053 | -€7,664 | -9.0% |
| Reserves | 13 | €84,717 | €84,717 | = | 0.0% |
| Distributable reserves | 133 | €84,717 | €84,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,664 | -€7,664 | |
| Amounts payable | 17/49 | €59,596 | €15,323 | -€44,273 | -74.3% |
| Amounts payable within one year | 42/48 | €45,243 | €15,323 | -€29,920 | -66.1% |
| Current portion of amounts payable after more than one year | 42 | €45,243 | - | -€45,243 | |
| Trade debts | 44 | - | €1,732 | +€1,732 | |
| Suppliers | 440/4 | - | €1,732 | +€1,732 | |
| Other amounts payable | 47/48 | - | €13,591 | +€13,591 | |
| Accrued charges and deferred income | 492/3 | €14,353 | - | -€14,353 | |
| Remuneration, social security and pensions | 62 | €23 | - | -€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,349 | €4,225 | -€10,124 | -70.6% |
| Other operating charges | 640/8 | €1,465 | €1,392 | -€73 | -5.0% |
| Gross operating margin | 9900 | €23,520 | €1,995 | -€21,525 | -91.5% |
| Operating profit (loss) | 9901 | €7,683 | -€3,622 | -€11,305 | |
| Financial income | 75/76B | - | €163 | +€163 | |
| Recurring financial income | 75 | - | €163 | +€163 | |
| Financial charges | 65/66B | €1,443 | €4,182 | +€2,739 | +190% |
| Recurring financial charges | 65 | €1,443 | €4,182 | +€2,739 | +190% |
| Profit (loss) for the period before taxes | 9903 | €6,240 | -€7,641 | -€13,881 | |
| Income taxes | 67/77 | €1,941 | €23 | -€1,918 | -98.8% |
| Profit (loss) for the period | 9904 | €4,299 | -€7,664 | -€11,963 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,299 | -€7,664 | -€11,963 |
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 15 October 2026 via checked.be.