V. Notes to the Balance Sheet and to the Statement of Changes in Equity - Bechtle AG Interim Report as at 30 June 2026

Assets

Goodwill increased as a result of the acquisitions referred to in Section III. Scope of Consolidation. The increase in cash and cash equivalents following the issuance of a new Schuldschein loan was partly offset by the dividend payment in June. As of 30 June 2026, other assets included current contract assets of €303,672 thousand (31 December 2025: €214,088 thousand) and non-current contract assets of €101,711 thousand (31 December 2025: €79,365 thousand).

Equity

Issued capital

As of 30 June 2026, the company’s share capital is divided into 126,000,000 fully paid-up, issued ordinary shares with a notional par value of €1.00, unchanged from 31 December 2025. Each share carries one vote.

Retained earnings

The Annual General Meeting on 17 June 2026 resolved to distribute a dividend of €0.70 per dividend-bearing share for the 2025 fiscal year. The dividend was paid on 22 June 2026.

Other comprehensive income recognised directly in equity, including its cumulative balance as at the reporting date and its change during the reporting period, is composed as follows:

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in €k
	30/06/2026			31/12/2025
	Before tax	Income tax effect	After tax	Before tax	Income tax effect	After tax
Actuarial gains and losses on pension provisions	14,219	−2,899	11,320	14,061	−2,878	11,183
Unrealised gains and losses on securities	3,382	−935	2,447	21	61	82
Hedging of net investments in foreign operations	−50,706	15,441	−35,265	−52,697	16,039	−36,658
Currency translation differences	62,082	0	62,082	58,222	0	58,222
Other comprehensive income	28,977	11,607	40,584	19,607	13,222	32,829

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in €k
Items that will not be reclassified to profit or loss in subsequent periods
	01/01 – 30/06/2026			01/01 – 30/06/2025
	Before tax	Income tax effect	After tax	Before tax	Income tax effect	After tax
Actuarial gains and losses on pension provisions	158	−21	137	152	−17	135
Items that will be reclassified to profit or loss in subsequent periods
Unrealised gains and losses on securities	3,361	−996	2,365	−408	89	−319
Gains and losses that arose in the current period	3,400	−996	2,404	−296	89	−207
Reclassifications to profit or loss	−39	0	−39	−112	0	−112
Hedging of net investments in foreign operations	1,991	−598	1,393	1,536	−464	1,072
Gains and losses that arose in the current period	1,991	−598	1,393	1,536	−464	1,072
Reclassifications to profit or loss	0	0	0	0	0	0
Currency translation differences	3,860	0	3,860	−3,195	0	−3,195
Other comprehensive income	9,370	−1,615	7,755	−1,915	−392	−2,307

Liabilities

The decline in current trade payables and other liabilities mainly reflects recurring seasonal fluctuations over the course of the year, with sales typically strongest in the final quarter.

Bechtle completed its second capital-market Schuldschein placement on 30 June 2026, following its first in 2018. The Schuldschein loan has a total volume of €450 million and comprises six tranches with fixed and floating interest rates and maturities of three, five and seven years. Further details on other financial liabilities can be found in the Annual Report 2025, Notes, 20. Financial Liabilities.