BET IMMO: 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.
What changed
BET IMMO
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€234,921
2024 · -€112,909+€347,829
Equity
€124,502
2024 · -€110,419+€234,921
Cash
€38,750
2024 · €39,191-€441
Balance sheet total
€4.5m
2024 · €4.6m-€130,357
Largest movements
Assets
- Tangible fixed assets -€289,810
down €289,810 (-14.2%), from €2.0m to €1.7m
of which Land and buildings: -€276,831
- Receivables after one year +€164,402
up €164,402 (+137%), from €120,280 to €284,682
Equity and liabilities
- Debts after one year -€331,023
down €331,023 (-7.2%), from €4.6m to €4.3m
of which Other amounts payable: -€300,000
- Profit (loss) carried forward +€238,620
up €238,620 (+41.3%), from -€578,088 to -€339,468
Income statement
- Gross operating margin +€302,961
up €302,961 (+785%), from €38,593 to €341,554
- Financial charges -€35,909
down €35,909 (-44.6%), from €80,588 to €44,679
- Depreciation -€19,129
down €19,129 (-25.9%), from €73,818 to €54,689
- Financial income -€7,525
down €7,525 (-54.4%), from €13,843 to €6,318
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.
Result 2024
-€112,909
Gross operating margin
+€302,961
Depreciation
+€19,129
Other operating charges
-€2,645
Financial income
-€7,525
Financial charges
+€35,909
Result 2025
€234,921
raises the resultlowers the result
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.
From operations
+€94,661
Investment
+€234,892
Financing
-€329,993
Cash 2024
€39,191
From operations (derived)
+€94,661
Net result for the year
+€234,921
Depreciation
+€54,689
Receivables after one year
-€164,402
Receivables within one year
+€2,113
Deferred charges and accrued income
+€2,624
Provisions
-€1,233
Trade debts
-€13,168
Accrued charges and deferred income
-€20,883
Investment (derived)
+€234,892
Investment in fixed assets (net)
+€234,892
Financing
-€329,993
Debts after one year
-€331,023
Current portion of long-term debt
+€1,029
Cash 2025
€38,750
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,597,253 | €4,466,896 | -€130,357 | -2.8% |
| Fixed assets | 21/28 | €4,397,216 | €4,107,635 | -€289,581 | -6.6% |
| Intangible fixed assets | 21 | €726 | €131 | -€595 | -82.0% |
| Tangible fixed assets | 22/27 | €2,038,424 | €1,748,614 | -€289,810 | -14.2% |
| Land and buildings | 22 | €2,016,387 | €1,739,556 | -€276,831 | -13.7% |
| Plant, machinery and equipment | 23 | €21,542 | €8,697 | -€12,845 | -59.6% |
| Furniture and vehicles | 24 | €495 | €361 | -€134 | -27.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €2,358,066 | €2,358,890 | +€824 | 0.0% |
| Current assets | 29/58 | €200,036 | €359,261 | +€159,224 | +79.6% |
| Amounts receivable after more than one year | 29 | €120,280 | €284,682 | +€164,402 | +137% |
| Trade receivables | 290 | €120,280 | €284,682 | +€164,402 | +137% |
| Amounts receivable within one year | 40/41 | €2,759 | €646 | -€2,113 | -76.6% |
| Trade receivables | 40 | €2,362 | €6 | -€2,356 | -99.7% |
| Other amounts receivable | 41 | €397 | €640 | +€243 | +61.1% |
| Cash at bank and in hand | 54/58 | €39,191 | €38,750 | -€441 | -1.1% |
| Deferred charges and accrued income | 490/1 | €37,806 | €35,182 | -€2,624 | -6.9% |
| Total equity and liabilities | 10/49 | €4,597,253 | €4,466,896 | -€130,357 | -2.8% |
| Equity | 10/15 | -€110,419 | €124,502 | +€234,921 | |
| Contributions | 10/11 | €365,000 | €365,000 | = | 0.0% |
| Capital | 10 | €365,000 | €365,000 | = | 0.0% |
| Issued capital | 100 | €365,000 | €365,000 | = | 0.0% |
| Reserves | 13 | €102,669 | €98,970 | -€3,700 | -3.6% |
| Tax-exempt reserves | 132 | €102,669 | €98,970 | -€3,700 | -3.6% |
| Profit (loss) carried forward | 14 | -€578,088 | -€339,468 | +€238,620 | +41.3% |
| Provisions and deferred taxes | 16 | €34,223 | €32,990 | -€1,233 | -3.6% |
| Deferred taxes | 168 | €34,223 | €32,990 | -€1,233 | -3.6% |
| Amounts payable | 17/49 | €4,673,448 | €4,309,404 | -€364,044 | -7.8% |
| Amounts payable after more than one year | 17 | €4,587,841 | €4,256,818 | -€331,023 | -7.2% |
| Financial debts | 170/4 | €702,315 | €671,292 | -€31,023 | -4.4% |
| Other amounts payable | 178/9 | €3,885,526 | €3,585,526 | -€300,000 | -7.7% |
| Amounts payable within one year | 42/48 | €43,442 | €31,304 | -€12,139 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €29,993 | €31,023 | +€1,029 | +3.4% |
| Trade debts | 44 | €13,449 | €281 | -€13,168 | -97.9% |
| Suppliers | 440/4 | €13,449 | €281 | -€13,168 | -97.9% |
| Accrued charges and deferred income | 492/3 | €42,165 | €21,282 | -€20,883 | -49.5% |
| Non-recurring operating income | 76A | - | €277,686 | +€277,686 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,818 | €54,689 | -€19,129 | -25.9% |
| Other operating charges | 640/8 | €12,171 | €14,816 | +€2,645 | +21.7% |
| Gross operating margin | 9900 | €38,593 | €341,554 | +€302,961 | +785% |
| Operating profit (loss) | 9901 | -€47,396 | €272,049 | +€319,445 | |
| Financial income | 75/76B | €13,843 | €6,318 | -€7,525 | -54.4% |
| Recurring financial income | 75 | €13,843 | €6,318 | -€7,525 | -54.4% |
| Financial charges | 65/66B | €80,588 | €44,679 | -€35,909 | -44.6% |
| Recurring financial charges | 65 | €80,588 | €44,679 | -€35,909 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | -€114,142 | €233,687 | +€347,829 | |
| Transfer from deferred taxes | 780 | €1,233 | €1,233 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€112,909 | €234,921 | +€347,829 | |
| Transfer from tax-exempt reserves | 789 | €3,700 | €3,700 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,209 | €238,620 | +€347,829 |
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 20 October 2026 via checked.be.