BEETLE: 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.
BEETLE
Largest movements
- Financial fixed assets -€371,076
down €371,076 (-90.6%), from €409,614 to €38,538
- Receivables within one year +€74,418
up €74,418 (+1.4%), from €5.2m to €5.3m
of which Trade receivables: +€65,780
- Profit (loss) carried forward -€419,768
down €419,768 (-89.9%), from €466,810 to €47,042
- Other debts +€87,229
up €87,229 (+6.5%), from €1.3m to €1.4m
- Financial charges +€367,178
up €367,178 (+5845.4%), from €6,282 to €373,460
- Gross operating margin +€316,640
up €316,640, from -€138,220 to €178,420
- Other operating charges +€316,035
up €316,035 (+16242.5%), from €1,946 to €317,980
- Financial income +€18,360
up €18,360 (+23.6%), from €77,913 to €96,273
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.
Cash bridge derived
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 | €5,785,959 | €5,455,676 | -€330,283 | -5.7% |
| Fixed assets | 21/28 | €417,423 | €44,562 | -€372,861 | -89.3% |
| Tangible fixed assets | 22/27 | €7,809 | €6,024 | -€1,785 | -22.9% |
| Plant, machinery and equipment | 23 | €3,796 | €3,035 | -€761 | -20.0% |
| Furniture and vehicles | 24 | €4,014 | €2,989 | -€1,025 | -25.5% |
| Financial fixed assets | 28 | €409,614 | €38,538 | -€371,076 | -90.6% |
| Current assets | 29/58 | €5,368,536 | €5,411,114 | +€42,578 | +0.8% |
| Amounts receivable within one year | 40/41 | €5,240,490 | €5,314,908 | +€74,418 | +1.4% |
| Trade receivables | 40 | €452 | €66,232 | +€65,780 | +14562.4% |
| Other amounts receivable | 41 | €5,240,038 | €5,248,676 | +€8,638 | +0.2% |
| Cash at bank and in hand | 54/58 | €69,676 | €23,590 | -€46,086 | -66.1% |
| Deferred charges and accrued income | 490/1 | €58,369 | €72,616 | +€14,246 | +24.4% |
| Total equity and liabilities | 10/49 | €5,785,959 | €5,455,676 | -€330,283 | -5.7% |
| Equity | 10/15 | €4,438,410 | €4,018,642 | -€419,768 | -9.5% |
| Contributions | 10/11 | €3,971,600 | €3,971,600 | = | 0.0% |
| Capital | 10 | €3,971,600 | €3,971,600 | = | 0.0% |
| Issued capital | 100 | €3,971,600 | €3,971,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €466,810 | €47,042 | -€419,768 | -89.9% |
| Amounts payable | 17/49 | €1,347,549 | €1,437,034 | +€89,485 | +6.6% |
| Amounts payable within one year | 42/48 | €1,347,549 | €1,437,034 | +€89,485 | +6.6% |
| Trade debts | 44 | €4,269 | €6,525 | +€2,256 | +52.8% |
| Suppliers | 440/4 | €4,269 | €6,525 | +€2,256 | +52.8% |
| Other amounts payable | 47/48 | €1,343,280 | €1,430,509 | +€87,229 | +6.5% |
| Non-recurring operating income | 76A | €13,106 | - | -€13,106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,324 | €3,021 | -€303 | -9.1% |
| Other operating charges | 640/8 | €1,946 | €317,980 | +€316,035 | +16242.5% |
| Gross operating margin | 9900 | -€138,220 | €178,420 | +€316,640 | |
| Operating profit (loss) | 9901 | -€143,490 | -€142,581 | +€909 | +0.6% |
| Financial income | 75/76B | €77,913 | €96,273 | +€18,360 | +23.6% |
| Recurring financial income | 75 | €77,913 | €96,273 | +€18,360 | +23.6% |
| Financial charges | 65/66B | €6,282 | €373,460 | +€367,178 | +5845.4% |
| Recurring financial charges | 65 | €6,282 | €373,460 | +€367,178 | +5845.4% |
| Profit (loss) for the period before taxes | 9903 | -€71,859 | -€419,768 | -€347,909 | -484.2% |
| Profit (loss) for the period | 9904 | -€71,859 | -€419,768 | -€347,909 | -484.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,859 | -€419,768 | -€347,909 | -484.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.