BEKAERT SEALS: 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 SEALS
Largest movements
- Receivables within one year -€56,904
down €56,904 (-36.9%), from €154,234 to €97,330
of which Other amounts receivable: -€41,026
- Tangible fixed assets -€32,281
down €32,281 (-5.6%), from €571,678 to €539,397
of which Land and buildings: -€19,456
- Cash +€12,461
up €12,461 (+167%), from €7,446 to €19,907
mainly Net result for the year (+€80,703) and Receivables within one year (+€56,904)
- Trade debts -€50,063
down €50,063 (-72.5%), from €69,034 to €18,971
- Other debts -€30,806
down €30,806 (-62.2%), from €49,516 to €18,710
- Profit (loss) carried forward +€30,703
up €30,703 (+15.5%), from €198,683 to €229,386
- Current portion of long-term debt +€25,131
up €25,131 (+57.3%), from €43,867 to €68,998
- Accrued charges and deferred income -€21,304
down €21,304 (-89.2%), from €23,877 to €2,572
- Gross operating margin -€15,087
down €15,087 (-8.1%), from €187,040 to €171,952
- Financial charges +€2,859
up €2,859 (+24.8%), from €11,541 to €14,400
- Taxes +€2,150
up €2,150 (+6.1%), from €35,176 to €37,327
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 | €819,200 | €745,572 | -€73,628 | -9.0% |
| Fixed assets | 21/28 | €577,213 | €540,177 | -€37,036 | -6.4% |
| Intangible fixed assets | 21 | €5,535 | €780 | -€4,755 | -85.9% |
| Tangible fixed assets | 22/27 | €571,678 | €539,397 | -€32,281 | -5.6% |
| Land and buildings | 22 | €521,155 | €501,698 | -€19,456 | -3.7% |
| Plant, machinery and equipment | 23 | €22,041 | €16,954 | -€5,087 | -23.1% |
| Furniture and vehicles | 24 | €14,176 | €10,573 | -€3,603 | -25.4% |
| Leasing and similar rights | 25 | €14,306 | €10,172 | -€4,134 | -28.9% |
| Current assets | 29/58 | €241,987 | €205,394 | -€36,593 | -15.1% |
| Stocks and contracts in progress | 3 | €80,308 | €87,158 | +€6,850 | +8.5% |
| Stocks | 30/36 | €80,308 | €87,158 | +€6,850 | +8.5% |
| Amounts receivable within one year | 40/41 | €154,234 | €97,330 | -€56,904 | -36.9% |
| Trade receivables | 40 | €107,906 | €92,028 | -€15,878 | -14.7% |
| Other amounts receivable | 41 | €46,327 | €5,302 | -€41,026 | -88.6% |
| Current investments | 50/53 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €7,446 | €19,907 | +€12,461 | +167% |
| Total equity and liabilities | 10/49 | €819,200 | €745,572 | -€73,628 | -9.0% |
| Equity | 10/15 | €274,181 | €304,884 | +€30,703 | +11.2% |
| Contributions | 10/11 | €75,497 | €75,497 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,683 | €229,386 | +€30,703 | +15.5% |
| Amounts payable | 17/49 | €545,019 | €440,688 | -€104,331 | -19.1% |
| Amounts payable after more than one year | 17 | €328,053 | €320,710 | -€7,342 | -2.2% |
| Financial debts | 170/4 | €328,053 | €320,710 | -€7,342 | -2.2% |
| Amounts payable within one year | 42/48 | €193,090 | €117,406 | -€75,685 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €43,867 | €68,998 | +€25,131 | +57.3% |
| Financial debts | 43 | €20,371 | - | -€20,371 | |
| Credit institutions | 430/8 | €20,371 | - | -€20,371 | |
| Trade debts | 44 | €69,034 | €18,971 | -€50,063 | -72.5% |
| Suppliers | 440/4 | €69,034 | €18,971 | -€50,063 | -72.5% |
| Taxes, remuneration and social security | 45 | €10,302 | €10,726 | +€424 | +4.1% |
| Taxes | 450/3 | €10,302 | €10,726 | +€424 | +4.1% |
| Other amounts payable | 47/48 | €49,516 | €18,710 | -€30,806 | -62.2% |
| Accrued charges and deferred income | 492/3 | €23,877 | €2,572 | -€21,304 | -89.2% |
| Non-recurring operating income | 76A | €634 | - | -€634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,241 | €37,036 | +€795 | +2.2% |
| Other operating charges | 640/8 | €4,627 | €3,422 | -€1,205 | -26.0% |
| Gross operating margin | 9900 | €187,040 | €171,952 | -€15,087 | -8.1% |
| Operating profit (loss) | 9901 | €146,171 | €131,494 | -€14,677 | -10.0% |
| Financial income | 75/76B | €1,791 | €935 | -€856 | -47.8% |
| Recurring financial income | 75 | €1,791 | €935 | -€856 | -47.8% |
| Financial charges | 65/66B | €11,541 | €14,400 | +€2,859 | +24.8% |
| Recurring financial charges | 65 | €11,541 | €14,400 | +€2,859 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €136,421 | €118,030 | -€18,392 | -13.5% |
| Income taxes | 67/77 | €35,176 | €37,327 | +€2,150 | +6.1% |
| Profit (loss) for the period | 9904 | €101,245 | €80,703 | -€20,542 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,245 | €80,703 | -€20,542 | -20.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.