The structure of the assets reflects the field of activity of Bechtle AG as a financial holding: At €1,210.0 million, 54.1 per cent (previous year: 47.1 per cent) of the balance sheet total is accounted for by financial assets and 31.0 per cent (previous year: 26.9 per cent) by receivables from affiliated companies totalling €694.3 million, which are mainly related to the financing of subsidiaries.
The balance sheet total increased by €114.7 million or 5.4 per cent compared to the previous year. On the assets side, the increase is due mainly ito the rise in financial assets (+€210.2 million) and receivables and other assets (+€70.7 million). The increase in financial assets was due in particular to transfers to the capital reserves of subsidiaries and the acquisition of shares in Nouvamacut Automazione S.p.A, Bologna, Italy. The increase in receivables and other assets is mainly due to higher receivables from affiliated companies (+€123.8 million) and a simultaneous decrease in other assets (−€61.5 million). In contrast, bank balances decreased by€171.1 million. This decline is primarily the result of cash outflows from both operating cash flow and financing activities.
On the liabilities side, the increase is due mainly to higher equity (+€43.3 million) and an increase in liabilities to affiliated companies (+€164.8 million). This was offset in particular by liabilities to banks(−€113.9 million) from the scheduled repayment of financial liabilities.
In equity, the additions from the current annual result of €131.5 million are offset by a distribution-related reduction of €88.2 million as part of the dividend for 2024. Due to the lower percentage increase in equity compared to the balance sheet total, the equity ratio fell slightly from 42.7 per cent in the previous year to 42.4 per cent.
As of the balance sheet date, Bechtle AG had cash and cash equivalents totalling €207.1 million (previous year: €378.2 million). Together with unused credit lines totalling €446.0 million (previous year: €499.6 million), a sufficient liquidity reserves are available for future expansion and acquisitions.
in €k |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
2025 |
|
2024 |
|
2023 |
|
2022 |
|
2021 |
|||
Assets |
|
|
|
|
|
|
|
|
|
|
|||
Fixed assets |
|
1,249,434 |
|
1,036,459 |
|
836,268 |
|
664,828 |
|
590,086 |
|||
Inventories |
|
5,664 |
|
6,033* |
|
32,329* |
|
9,511 |
|
19,036 |
|||
Receivables |
|
743,109 |
|
672,409* |
|
800,050* |
|
849,551 |
|
522,662 |
|||
Cash and cash equivalents |
|
207,106 |
|
378,197 |
|
234,977 |
|
98,956 |
|
205,889 |
|||
Other assets |
|
32,335 |
|
29,859 |
|
23,716 |
|
12,659 |
|
6,719 |
|||
Equity and liabilities |
|
|
|
|
|
|
|
|
|
|
|||
Equity |
|
949,635 |
|
906,315 |
|
826,504 |
|
737,243 |
|
675,569 |
|||
Non-current liabilities and deferred income |
|
402,445 |
|
409,822 |
|
531,175 |
|
234,086 |
|
316,928 |
|||
Current liabilities and deferred income |
|
885,568 |
|
806,820 |
|
569,661 |
|
664,177 |
|
351,580 |
|||
Deferred tax liabilities |
|
0 |
|
0 |
|
0 |
|
0 |
|
315 |
|||
Balance sheet total |
|
2,237,648 |
|
2,122,957 |
|
1,927,340 |
|
1,635,506 |
|
1,344,392 |
|||
|
|||||||||||||