Van Dijck – Bekaert: 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.
Van Dijck – Bekaert
Largest movements
- Cash -€187,455
down €187,455 (-33.7%), from €556,855 to €369,401
mainly Other debts (-€258,834) and Contributions, distributions and other (-€252,000)
- Receivables within one year +€71,011
up €71,011 (+50.1%), from €141,720 to €212,731
of which Trade receivables: +€44,077
- Other debts -€258,834
down €258,834 (-49.3%), from €525,044 to €266,210
- Tax, wage and social debts +€63,251
up €63,251 (+197%), from €32,026 to €95,277
of which Remuneration and social security: +€63,226
- Trade debts +€35,831
up €35,831 (+80.5%), from €44,505 to €80,336
- Staff costs +€278,298
up €278,298 (+68.6%), from €405,601 to €683,899
- Taxes -€86,083
down €86,083 (-47.3%), from €181,883 to €95,800
- Depreciation +€82,135
up €82,135 (+152%), from €54,199 to €136,335
- Gross operating margin +€42,098
up €42,098 (+3.7%), from €1.1m to €1.2m
- Financial income -€16,034
down €16,034 (-83.9%), from €19,100 to €3,066
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 | €1,504,926 | €1,372,219 | -€132,707 | -8.8% |
| Fixed assets | 21/28 | €767,210 | €759,194 | -€8,016 | -1.0% |
| Intangible fixed assets | 21 | €590,423 | €588,621 | -€1,803 | -0.3% |
| Tangible fixed assets | 22/27 | €176,786 | €170,573 | -€6,213 | -3.5% |
| Land and buildings | 22 | €125,346 | €136,030 | +€10,684 | +8.5% |
| Plant, machinery and equipment | 23 | €7,399 | €5,634 | -€1,764 | -23.8% |
| Furniture and vehicles | 24 | €44,042 | €28,909 | -€15,133 | -34.4% |
| Current assets | 29/58 | €737,716 | €613,025 | -€124,691 | -16.9% |
| Amounts receivable within one year | 40/41 | €141,720 | €212,731 | +€71,011 | +50.1% |
| Trade receivables | 40 | €128,097 | €172,174 | +€44,077 | +34.4% |
| Other amounts receivable | 41 | €13,623 | €40,556 | +€26,934 | +198% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €556,855 | €369,401 | -€187,455 | -33.7% |
| Deferred charges and accrued income | 490/1 | €14,141 | €5,894 | -€8,247 | -58.3% |
| Total equity and liabilities | 10/49 | €1,504,926 | €1,372,219 | -€132,707 | -8.8% |
| Equity | 10/15 | €186,057 | €186,128 | +€71 | 0.0% |
| Contributions | 10/11 | €3,072 | €3,072 | = | 0.0% |
| Reserves | 13 | €109,331 | €109,331 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,390 | €2,390 | = | 0.0% |
| Distributable reserves | 133 | €106,941 | €106,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,654 | €73,725 | +€71 | +0.1% |
| Amounts payable | 17/49 | €1,318,869 | €1,186,091 | -€132,778 | -10.1% |
| Amounts payable after more than one year | 17 | €642,665 | €652,245 | +€9,579 | +1.5% |
| Financial debts | 170/4 | €642,665 | €652,245 | +€9,579 | +1.5% |
| Amounts payable within one year | 42/48 | €670,652 | €521,319 | -€149,333 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €69,077 | €79,495 | +€10,419 | +15.1% |
| Trade debts | 44 | €44,505 | €80,336 | +€35,831 | +80.5% |
| Suppliers | 440/4 | €44,505 | €80,336 | +€35,831 | +80.5% |
| Taxes, remuneration and social security | 45 | €32,026 | €95,277 | +€63,251 | +197% |
| Taxes | 450/3 | €90 | €115 | +€25 | +28.2% |
| Remuneration and social security | 454/9 | €31,936 | €95,162 | +€63,226 | +198% |
| Other amounts payable | 47/48 | €525,044 | €266,210 | -€258,834 | -49.3% |
| Accrued charges and deferred income | 492/3 | €5,552 | €12,528 | +€6,976 | +126% |
| Remuneration, social security and pensions | 62 | €405,601 | €683,899 | +€278,298 | +68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,199 | €136,335 | +€82,135 | +152% |
| Other operating charges | 640/8 | €1,334 | €1,477 | +€143 | +10.7% |
| Gross operating margin | 9900 | €1,141,173 | €1,183,271 | +€42,098 | +3.7% |
| Operating profit (loss) | 9901 | €680,039 | €361,560 | -€318,479 | -46.8% |
| Financial income | 75/76B | €19,100 | €3,066 | -€16,034 | -83.9% |
| Recurring financial income | 75 | €19,100 | €3,066 | -€16,034 | -83.9% |
| Financial charges | 65/66B | €1,498 | €16,755 | +€15,257 | +1,019% |
| Recurring financial charges | 65 | €1,498 | €16,755 | +€15,257 | +1,019% |
| Profit (loss) for the period before taxes | 9903 | €697,640 | €347,871 | -€349,769 | -50.1% |
| Income taxes | 67/77 | €181,883 | €95,800 | -€86,083 | -47.3% |
| Profit (loss) for the period | 9904 | €515,758 | €252,071 | -€263,686 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €515,758 | €252,071 | -€263,686 | -51.1% |
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 19 October 2026 via checked.be.