BETA: 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.
BETA
Largest movements
- Stocks and contracts +€17,530
up €17,530 (+5.6%), from €315,006 to €332,536
- Cash -€5,040
no longer reported in 2025 (was €5,040)
mainly Stocks and contracts (-€17,530) and Short-term financial debts (-€9,996)
- Tax, wage and social debts +€16,268
up €16,268 (+20.0%), from €81,232 to €97,500
of which Remuneration and social security: +€13,417
- Short-term financial debts -€9,996
down €9,996 (-40.4%), from €24,751 to €14,755
- Trade debts +€3,996
up €3,996 (+20.4%), from €19,630 to €23,626
- Gross operating margin +€46,314
up €46,314 (+203.1%), from €22,799 to €69,113
- Staff costs -€1,005
down €1,005 (-1.7%), from €58,783 to €57,778
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 | €324,214 | €333,797 | +€9,584 | +3.0% |
| Fixed assets | 21/28 | €891 | €891 | = | 0.0% |
| Financial fixed assets | 28 | €891 | €891 | = | 0.0% |
| Current assets | 29/58 | €323,323 | €332,906 | +€9,584 | +3.0% |
| Stocks and contracts in progress | 3 | €315,006 | €332,536 | +€17,530 | +5.6% |
| Stocks | 30/36 | €315,006 | €332,536 | +€17,530 | +5.6% |
| Amounts receivable within one year | 40/41 | €3,277 | - | -€3,277 | |
| Trade receivables | 40 | €3,277 | - | -€3,277 | |
| Cash at bank and in hand | 54/58 | €5,040 | - | -€5,040 | |
| Deferred charges and accrued income | 490/1 | - | €371 | +€371 | |
| Total equity and liabilities | 10/49 | €324,214 | €333,797 | +€9,584 | +3.0% |
| Equity | 10/15 | -€40,405 | -€41,221 | -€816 | -2.0% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Outside capital | 11 | €19,831 | €19,831 | = | 0.0% |
| Other | 1109/19 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €1,983 | €1,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,219 | -€63,036 | -€816 | -1.3% |
| Amounts payable | 17/49 | €364,618 | €375,018 | +€10,400 | +2.9% |
| Amounts payable within one year | 42/48 | €364,618 | €375,018 | +€10,400 | +2.9% |
| Financial debts | 43 | €24,751 | €14,755 | -€9,996 | -40.4% |
| Credit institutions | 430/8 | €24,751 | €14,755 | -€9,996 | -40.4% |
| Trade debts | 44 | €19,630 | €23,626 | +€3,996 | +20.4% |
| Suppliers | 440/4 | €19,630 | €23,626 | +€3,996 | +20.4% |
| Taxes, remuneration and social security | 45 | €81,232 | €97,500 | +€16,268 | +20.0% |
| Taxes | 450/3 | €7,870 | €10,721 | +€2,851 | +36.2% |
| Remuneration and social security | 454/9 | €73,362 | €86,779 | +€13,417 | +18.3% |
| Other amounts payable | 47/48 | €239,006 | €239,137 | +€132 | +0.1% |
| Remuneration, social security and pensions | 62 | €58,783 | €57,778 | -€1,005 | -1.7% |
| Other operating charges | 640/8 | €8,315 | €8,571 | +€256 | +3.1% |
| Gross operating margin | 9900 | €22,799 | €69,113 | +€46,314 | +203.1% |
| Operating profit (loss) | 9901 | -€44,298 | €2,765 | +€47,063 | |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €3,743 | €3,599 | -€144 | -3.8% |
| Recurring financial charges | 65 | €3,743 | €3,599 | -€144 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€48,041 | -€816 | +€47,224 | +98.3% |
| Profit (loss) for the period | 9904 | -€48,041 | -€816 | +€47,224 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,041 | -€816 | +€47,224 | +98.3% |
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 8 October 2026 via checked.be.