BEKAERT SIMON: 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 SIMON
Largest movements
- Receivables within one year +€38,343
up €38,343 (+81.2%), from €47,249 to €85,591
of which Trade receivables: +€36,832
- Tangible fixed assets -€20,242
down €20,242 (-26.1%), from €77,527 to €57,286
of which Furniture and vehicles: -€19,565
- Stocks and contracts -€10,500
down €10,500 (-18.4%), from €57,000 to €46,500
of which Stocks: -€8,500
- Cash -€8,035
down €8,035 (-11.4%), from €70,740 to €62,705
mainly Contributions, distributions and other (-€52,500) and Receivables within one year (-€38,343)
- Other debts +€27,500
up €27,500 (+110.0%), from €25,000 to €52,500
- Debts after one year -€15,970
down €15,970 (-55.5%), from €28,793 to €12,823
- Reserves -€9,000
down €9,000 (-8.0%), from €112,105 to €103,105
of which Distributable reserves: -€9,000
- Gross operating margin +€30,206
up €30,206 (+35.5%), from €84,982 to €115,188
- Taxes +€9,906
up €9,906 (+101.2%), from €9,790 to €19,696
- Other operating charges -€8,894
down €8,894 (-85.8%), from €10,363 to €1,469
- Write-downs +€7,683
no longer reported in 2025 (was -€7,683)
- Depreciation +€3,349
up €3,349 (+13.5%), from €24,867 to €28,216
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 | €259,900 | €260,975 | +€1,076 | +0.4% |
| Fixed assets | 21/28 | €77,527 | €57,286 | -€20,242 | -26.1% |
| Tangible fixed assets | 22/27 | €77,527 | €57,286 | -€20,242 | -26.1% |
| Plant, machinery and equipment | 23 | €2,657 | €1,981 | -€676 | -25.4% |
| Furniture and vehicles | 24 | €74,870 | €55,304 | -€19,565 | -26.1% |
| Current assets | 29/58 | €182,372 | €203,689 | +€21,317 | +11.7% |
| Stocks and contracts in progress | 3 | €57,000 | €46,500 | -€10,500 | -18.4% |
| Stocks | 30/36 | €25,000 | €16,500 | -€8,500 | -34.0% |
| Contracts in progress | 37 | €32,000 | €30,000 | -€2,000 | -6.3% |
| Amounts receivable within one year | 40/41 | €47,249 | €85,591 | +€38,343 | +81.2% |
| Trade receivables | 40 | €16,791 | €53,623 | +€36,832 | +219.3% |
| Other amounts receivable | 41 | €30,457 | €31,968 | +€1,511 | +5.0% |
| Cash at bank and in hand | 54/58 | €70,740 | €62,705 | -€8,035 | -11.4% |
| Deferred charges and accrued income | 490/1 | €7,384 | €8,893 | +€1,509 | +20.4% |
| Total equity and liabilities | 10/49 | €259,900 | €260,975 | +€1,076 | +0.4% |
| Equity | 10/15 | €172,771 | €164,149 | -€8,622 | -5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €112,105 | €103,105 | -€9,000 | -8.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,250 | €5,250 | = | 0.0% |
| Distributable reserves | 133 | €105,000 | €96,000 | -€9,000 | -8.6% |
| Profit (loss) carried forward | 14 | €48,266 | €48,644 | +€378 | +0.8% |
| Amounts payable | 17/49 | €87,129 | €96,826 | +€9,697 | +11.1% |
| Amounts payable after more than one year | 17 | €28,793 | €12,823 | -€15,970 | -55.5% |
| Financial debts | 170/4 | €28,793 | €12,823 | -€15,970 | -55.5% |
| Amounts payable within one year | 42/48 | €58,336 | €84,003 | +€25,667 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | €17,860 | €16,882 | -€979 | -5.5% |
| Trade debts | 44 | €11,952 | €11,603 | -€349 | -2.9% |
| Suppliers | 440/4 | €11,952 | €11,603 | -€349 | -2.9% |
| Taxes, remuneration and social security | 45 | €3,524 | €3,019 | -€505 | -14.3% |
| Remuneration and social security | 454/9 | €3,524 | €3,019 | -€505 | -14.3% |
| Other amounts payable | 47/48 | €25,000 | €52,500 | +€27,500 | +110.0% |
| Remuneration, social security and pensions | 62 | €21,823 | €20,062 | -€1,761 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,867 | €28,216 | +€3,349 | +13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,683 | - | +€7,683 | |
| Other operating charges | 640/8 | €10,363 | €1,469 | -€8,894 | -85.8% |
| Gross operating margin | 9900 | €84,982 | €115,188 | +€30,206 | +35.5% |
| Operating profit (loss) | 9901 | €35,612 | €65,442 | +€29,830 | +83.8% |
| Financial income | 75/76B | €1 | €1,029 | +€1,029 | +121008.2% |
| Recurring financial income | 75 | €1 | €1,029 | +€1,029 | +121008.2% |
| Financial charges | 65/66B | €2,965 | €2,897 | -€68 | -2.3% |
| Recurring financial charges | 65 | €2,965 | €2,897 | -€68 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €32,648 | €63,575 | +€30,926 | +94.7% |
| Income taxes | 67/77 | €9,790 | €19,696 | +€9,906 | +101.2% |
| Profit (loss) for the period | 9904 | €22,858 | €43,878 | +€21,020 | +92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,858 | €43,878 | +€21,020 | +92.0% |
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 9 October 2026 via checked.be.