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
- Current investments +€700,000
new in 2025: €700,000
- Cash -€649,270
down €649,270 (-99.2%), from €654,226 to €4,956
mainly Current investments (-€700,000) and Accrued charges and deferred income (-€8,551)
- Reserves +€62,422
up €62,422 (+20.8%), from €299,472 to €361,894
of which Distributable reserves: +€62,422
- Tax, wage and social debts +€10,364
up €10,364 (+170.7%), from €6,072 to €16,436
- Accrued charges and deferred income -€8,551
down €8,551 (-100.0%), from €8,551 to €0
- Trade debts -€8,134
down €8,134 (-59.9%), from €13,591 to €5,457
- Other debts +€7,659
up €7,659 (+289.9%), from €2,642 to €10,301
- Financial income +€14,127
new in 2025: €14,127
- Taxes +€11,699
up €11,699 (+61.6%), from €18,976 to €30,675
- Gross operating margin +€7,997
up €7,997 (+8.6%), from €92,610 to €100,607
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 | €661,485 | €720,745 | +€59,260 | +9.0% |
| Fixed assets | 21/28 | €2,534 | €5,835 | +€3,301 | +130.3% |
| Tangible fixed assets | 22/27 | €2,534 | €5,835 | +€3,301 | +130.3% |
| Plant, machinery and equipment | 23 | €1,913 | €439 | -€1,474 | -77.1% |
| Furniture and vehicles | 24 | €621 | €5,396 | +€4,775 | +768.8% |
| Current assets | 29/58 | €658,951 | €714,911 | +€55,960 | +8.5% |
| Amounts receivable within one year | 40/41 | €4,725 | €4,725 | = | 0.0% |
| Trade receivables | 40 | €4,725 | €4,725 | = | 0.0% |
| Current investments | 50/53 | - | €700,000 | +€700,000 | |
| Cash at bank and in hand | 54/58 | €654,226 | €4,956 | -€649,270 | -99.2% |
| Deferred charges and accrued income | 490/1 | - | €5,230 | +€5,230 | |
| Total equity and liabilities | 10/49 | €661,485 | €720,745 | +€59,260 | +9.0% |
| Equity | 10/15 | €626,129 | €688,551 | +€62,422 | +10.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €299,472 | €361,894 | +€62,422 | +20.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €293,272 | €355,694 | +€62,422 | +21.3% |
| Profit (loss) carried forward | 14 | €264,657 | €264,657 | -€0 | 0.0% |
| Amounts payable | 17/49 | €35,356 | €32,194 | -€3,162 | -8.9% |
| Amounts payable after more than one year | 17 | €4,500 | - | -€4,500 | |
| Other amounts payable | 178/9 | €4,500 | - | -€4,500 | |
| Amounts payable within one year | 42/48 | €22,305 | €32,194 | +€9,889 | +44.3% |
| Trade debts | 44 | €13,591 | €5,457 | -€8,134 | -59.9% |
| Suppliers | 440/4 | €13,591 | €5,457 | -€8,134 | -59.9% |
| Taxes, remuneration and social security | 45 | €6,072 | €16,436 | +€10,364 | +170.7% |
| Taxes | 450/3 | €6,072 | €16,436 | +€10,364 | +170.7% |
| Other amounts payable | 47/48 | €2,642 | €10,301 | +€7,659 | +289.9% |
| Accrued charges and deferred income | 492/3 | €8,551 | €0 | -€8,551 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €997 | +€997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,446 | €1,913 | -€533 | -21.8% |
| Other operating charges | 640/8 | €18,835 | €18,012 | -€823 | -4.4% |
| Gross operating margin | 9900 | €92,610 | €100,607 | +€7,997 | +8.6% |
| Operating profit (loss) | 9901 | €71,329 | €79,685 | +€8,356 | +11.7% |
| Financial income | 75/76B | - | €14,127 | +€14,127 | |
| Recurring financial income | 75 | - | €14,127 | +€14,127 | |
| Financial charges | 65/66B | €744 | €715 | -€29 | -3.9% |
| Recurring financial charges | 65 | €744 | €715 | -€29 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €70,585 | €93,097 | +€22,512 | +31.9% |
| Income taxes | 67/77 | €18,976 | €30,675 | +€11,699 | +61.6% |
| Profit (loss) for the period | 9904 | €51,609 | €62,422 | +€10,813 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,609 | €62,422 | +€10,813 | +21.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.