BEKAERT STITCHING: what changed
Two fiscal 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 STITCHING
Largest movements
- Cash -€47,472
down €47,472 (-69.6%), from €68,243 to €20,770
mainly Net result for the year (-€36,114) and Trade debts (-€30,455)
- Receivables within one year -€21,727
down €21,727 (-32.4%), from €66,958 to €45,230
of which Trade receivables: -€14,140
- Stocks and contracts -€9,181
down €9,181 (-8.8%), from €104,548 to €95,367
- Profit (loss) carried forward -€36,114
down €36,114 (-6.6%), from -€551,245 to -€587,359
- Trade debts -€30,455
down €30,455 (-48.8%), from €62,349 to €31,894
- Debts after one year -€13,697
down €13,697 (-100.0%), from €13,697 to €0
- Current portion of long-term debt -€6,636
down €6,636 (-32.6%), from €20,333 to €13,697
- Other debts +€4,504
up €4,504 (+14.9%), from €30,269 to €34,773
- Financial charges +€4,843
up €4,843 (+75.8%), from €6,387 to €11,230
- Financial income -€1,954
down €1,954 (-78.6%), from €2,487 to €533
- Gross operating margin +€916
up €916 (+15.1%), from -€6,062 to -€5,147
- Other operating charges +€756
up €756 (+4.1%), from €18,429 to €19,185
- Depreciation -€157
down €157 (-12.7%), from €1,243 to €1,085
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,373 | €167,907 | -€79,466 | -32.1% |
| Fixed assets | 21/28 | €7,625 | €6,540 | -€1,085 | -14.2% |
| Tangible fixed assets | 22/27 | €1,085 | €0 | -€1,085 | -100.0% |
| Plant, machinery and equipment | 23 | €1,085 | €0 | -€1,085 | -100.0% |
| Financial fixed assets | 28 | €6,540 | €6,540 | = | 0.0% |
| Current assets | 29/58 | €239,748 | €161,367 | -€78,381 | -32.7% |
| Stocks and contracts in progress | 3 | €104,548 | €95,367 | -€9,181 | -8.8% |
| Stocks | 30/36 | €104,548 | €95,367 | -€9,181 | -8.8% |
| Amounts receivable within one year | 40/41 | €66,958 | €45,230 | -€21,727 | -32.4% |
| Trade receivables | 40 | €59,370 | €45,230 | -€14,140 | -23.8% |
| Other amounts receivable | 41 | €7,588 | €0 | -€7,588 | -100.0% |
| Cash at bank and in hand | 54/58 | €68,243 | €20,770 | -€47,472 | -69.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €247,373 | €167,907 | -€79,466 | -32.1% |
| Equity | 10/15 | -€81,355 | -€117,469 | -€36,114 | -44.4% |
| Contributions | 10/11 | €91,860 | €91,860 | = | 0.0% |
| Reserves | 13 | €378,029 | €378,029 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €3,016 | €3,016 | = | 0.0% |
| Distributable reserves | 133 | €375,013 | €375,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€551,245 | -€587,359 | -€36,114 | -6.6% |
| Amounts payable | 17/49 | €328,729 | €285,376 | -€43,352 | -13.2% |
| Amounts payable after more than one year | 17 | €13,697 | €0 | -€13,697 | -100.0% |
| Financial debts | 170/4 | €13,697 | €0 | -€13,697 | -100.0% |
| Amounts payable within one year | 42/48 | €313,835 | €280,958 | -€32,876 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €20,333 | €13,697 | -€6,636 | -32.6% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €62,349 | €31,894 | -€30,455 | -48.8% |
| Suppliers | 440/4 | €62,349 | €31,894 | -€30,455 | -48.8% |
| Taxes, remuneration and social security | 45 | €885 | €595 | -€290 | -32.8% |
| Taxes | 450/3 | €885 | €595 | -€290 | -32.8% |
| Other amounts payable | 47/48 | €30,269 | €34,773 | +€4,504 | +14.9% |
| Accrued charges and deferred income | 492/3 | €1,197 | €4,418 | +€3,221 | +269.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,243 | €1,085 | -€157 | -12.7% |
| Other operating charges | 640/8 | €18,429 | €19,185 | +€756 | +4.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€6,062 | -€5,147 | +€916 | +15.1% |
| Operating profit (loss) | 9901 | -€25,734 | -€25,417 | +€317 | +1.2% |
| Financial income | 75/76B | €2,487 | €533 | -€1,954 | -78.6% |
| Recurring financial income | 75 | €2,487 | €533 | -€1,954 | -78.6% |
| Financial charges | 65/66B | €6,387 | €11,230 | +€4,843 | +75.8% |
| Recurring financial charges | 65 | €6,387 | €11,230 | +€4,843 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,634 | -€36,114 | -€6,480 | -21.9% |
| Profit (loss) for the period | 9904 | -€29,634 | -€36,114 | -€6,480 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,634 | -€36,114 | -€6,480 | -21.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.