BeKZ: 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.
BeKZ
Largest movements
- Stocks and contracts +€134,626
up €134,626 (+29.0%), from €464,857 to €599,484
- Receivables within one year +€59,438
up €59,438 (+14.1%), from €421,608 to €481,046
of which Other amounts receivable: +€51,052
- Other debts +€273,570
up €273,570 (+20.3%), from €1.3m to €1.6m
- Profit (loss) carried forward -€64,082
down €64,082 (-28.9%), from -€221,633 to -€285,715
- Short-term financial debts -€29,333
down €29,333 (-8.3%), from €352,000 to €322,667
- Depreciation +€3,922
up €3,922 (+246%), from €1,597 to €5,519
- Gross operating margin -€3,647
down €3,647 (-11.1%), from -€32,847 to -€36,494
- Financial charges +€3,589
up €3,589 (+21.6%), from €16,598 to €20,187
- Other operating charges +€398
up €398 (+32.5%), from €1,222 to €1,620
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 | €1,583,521 | €1,770,786 | +€187,266 | +11.8% |
| Fixed assets | 21/28 | €692,985 | €685,008 | -€7,977 | -1.2% |
| Tangible fixed assets | 22/27 | €692,985 | €685,008 | -€7,977 | -1.2% |
| Land and buildings | 22 | €656,820 | €656,820 | = | 0.0% |
| Plant, machinery and equipment | 23 | €9,148 | €6,507 | -€2,641 | -28.9% |
| Furniture and vehicles | 24 | €27,017 | €21,681 | -€5,336 | -19.8% |
| Current assets | 29/58 | €890,536 | €1,085,779 | +€195,243 | +21.9% |
| Stocks and contracts in progress | 3 | €464,857 | €599,484 | +€134,626 | +29.0% |
| Stocks | 30/36 | €464,857 | €599,484 | +€134,626 | +29.0% |
| Amounts receivable within one year | 40/41 | €421,608 | €481,046 | +€59,438 | +14.1% |
| Trade receivables | 40 | €225 | €8,611 | +€8,386 | +3,725% |
| Other amounts receivable | 41 | €421,383 | €472,435 | +€51,052 | +12.1% |
| Cash at bank and in hand | 54/58 | €1,055 | €1,021 | -€34 | -3.2% |
| Deferred charges and accrued income | 490/1 | €3,016 | €4,228 | +€1,212 | +40.2% |
| Total equity and liabilities | 10/49 | €1,583,521 | €1,770,786 | +€187,266 | +11.8% |
| Equity | 10/15 | -€131,753 | -€195,835 | -€64,082 | -48.6% |
| Contributions | 10/11 | €13,020 | €13,020 | = | 0.0% |
| Reserves | 13 | €76,860 | €76,860 | = | 0.0% |
| Distributable reserves | 133 | €76,860 | €76,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€221,633 | -€285,715 | -€64,082 | -28.9% |
| Amounts payable | 17/49 | €1,715,274 | €1,966,621 | +€251,347 | +14.7% |
| Amounts payable within one year | 42/48 | €1,699,265 | €1,946,423 | +€247,157 | +14.5% |
| Financial debts | 43 | €352,000 | €322,667 | -€29,333 | -8.3% |
| Credit institutions | 430/8 | €352,000 | €322,667 | -€29,333 | -8.3% |
| Trade debts | 44 | €739 | €3,295 | +€2,557 | +346% |
| Suppliers | 440/4 | €739 | €3,295 | +€2,557 | +346% |
| Taxes, remuneration and social security | 45 | €424 | €788 | +€364 | +85.9% |
| Taxes | 450/3 | €424 | €788 | +€364 | +85.9% |
| Other amounts payable | 47/48 | €1,346,103 | €1,619,673 | +€273,570 | +20.3% |
| Accrued charges and deferred income | 492/3 | €16,008 | €20,198 | +€4,190 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,597 | €5,519 | +€3,922 | +246% |
| Other operating charges | 640/8 | €1,222 | €1,620 | +€398 | +32.5% |
| Gross operating margin | 9900 | -€32,847 | -€36,494 | -€3,647 | -11.1% |
| Operating profit (loss) | 9901 | -€35,666 | -€43,632 | -€7,967 | -22.3% |
| Financial charges | 65/66B | €16,598 | €20,187 | +€3,589 | +21.6% |
| Recurring financial charges | 65 | €16,598 | €20,187 | +€3,589 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | -€52,264 | -€63,819 | -€11,555 | -22.1% |
| Income taxes | 67/77 | €137 | €263 | +€126 | +91.6% |
| Profit (loss) for the period | 9904 | -€52,401 | -€64,082 | -€11,681 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,401 | -€64,082 | -€11,681 | -22.3% |
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 24 October 2026 via checked.be.