Bèta: 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.
What changed
Bèta
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€28,208
2024 · €71,001-€42,793
Equity
€1.3m
2024 · €1.3m+€28,208
Cash
€57,786
2024 · €56,710+€1,076
Balance sheet total
€2.1m
2024 · €2.1m-€11,545
Largest movements
Assets
- Stocks and contracts -€33,433
down €33,433 (-1.9%), from €1.7m to €1.7m
Equity and liabilities
- Trade debts -€87,792
down €87,792 (-26.1%), from €335,905 to €248,113
- Profit (loss) carried forward +€28,208
up €28,208 (+4.3%), from €651,633 to €679,842
- Debts after one year +€22,987
new in 2025: €22,987
Income statement
- Gross operating margin -€86,157
down €86,157 (-8.5%), from €1.0m to €925,862
- Taxes -€18,317
down €18,317 (-66.7%), from €27,454 to €9,136
- Staff costs -€14,864
down €14,864 (-1.8%), from €803,749 to €788,886
- Financial charges -€14,564
down €14,564 (-43.4%), from €33,587 to €19,023
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
€71,001
Gross operating margin
-€86,157
Staff costs
+€14,864
Depreciation
-€3,064
Write-downs
+€8,432
Other operating charges
-€8,016
Financial income
-€1,733
Financial charges
+€14,564
Taxes
+€18,317
Result 2025
€28,208
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.
From operations
+€59,998
Investment
-€93,916
Financing
+€34,994
Cash 2024
€56,710
From operations (derived)
+€59,998
Net result for the year
+€28,208
Depreciation
+€77,992
Stocks and contracts
+€33,433
Receivables within one year
-€5,077
Deferred charges and accrued income
+€191
Trade debts
-€87,792
Tax, wage and social debts
+€19,867
Advances received
+€913
Other debts
-€6,184
Accrued charges and deferred income
-€1,553
Investment (derived)
-€93,916
Investment in fixed assets (net)
-€93,916
Financing
+€34,994
Debts after one year
+€22,987
Current portion of long-term debt
+€12,007
Cash 2025
€57,786
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,073,536 | €2,061,990 | -€11,545 | -0.6% |
| Fixed assets | 21/28 | €252,072 | €267,997 | +€15,925 | +6.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €252,072 | €267,997 | +€15,925 | +6.3% |
| Plant, machinery and equipment | 23 | €118,109 | €70,027 | -€48,082 | -40.7% |
| Furniture and vehicles | 24 | €2,156 | €11,908 | +€9,752 | +452.4% |
| Leasing and similar rights | 25 | - | €36,069 | +€36,069 | |
| Other tangible fixed assets | 26 | €131,807 | €149,993 | +€18,186 | +13.8% |
| Current assets | 29/58 | €1,821,464 | €1,793,994 | -€27,470 | -1.5% |
| Stocks and contracts in progress | 3 | €1,730,442 | €1,697,009 | -€33,433 | -1.9% |
| Stocks | 30/36 | €1,730,442 | €1,697,009 | -€33,433 | -1.9% |
| Amounts receivable within one year | 40/41 | €25,202 | €30,279 | +€5,077 | +20.1% |
| Trade receivables | 40 | €25,202 | €19,341 | -€5,861 | -23.3% |
| Other amounts receivable | 41 | - | €10,938 | +€10,938 | |
| Cash at bank and in hand | 54/58 | €56,710 | €57,786 | +€1,076 | +1.9% |
| Deferred charges and accrued income | 490/1 | €9,110 | €8,919 | -€191 | -2.1% |
| Total equity and liabilities | 10/49 | €2,073,536 | €2,061,990 | -€11,545 | -0.6% |
| Equity | 10/15 | €1,250,172 | €1,278,380 | +€28,208 | +2.3% |
| Contributions | 10/11 | €544,126 | €544,126 | = | 0.0% |
| Capital | 10 | €544,126 | €544,126 | = | 0.0% |
| Issued capital | 100 | €544,126 | €544,126 | = | 0.0% |
| Reserves | 13 | €54,413 | €54,413 | = | 0.0% |
| Non-distributable reserves | 130/1 | €54,413 | €54,413 | = | 0.0% |
| Legal reserve | 130 | €54,413 | €54,413 | = | 0.0% |
| Profit (loss) carried forward | 14 | €651,633 | €679,842 | +€28,208 | +4.3% |
| Amounts payable | 17/49 | €823,364 | €783,610 | -€39,754 | -4.8% |
| Amounts payable after more than one year | 17 | - | €22,987 | +€22,987 | |
| Financial debts | 170/4 | - | €22,987 | +€22,987 | |
| Amounts payable within one year | 42/48 | €806,166 | €744,979 | -€61,188 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | - | €12,007 | +€12,007 | |
| Trade debts | 44 | €335,905 | €248,113 | -€87,792 | -26.1% |
| Suppliers | 440/4 | €335,905 | €248,113 | -€87,792 | -26.1% |
| Advances received on contracts in progress | 46 | €4,461 | €5,375 | +€913 | +20.5% |
| Taxes, remuneration and social security | 45 | €131,525 | €151,393 | +€19,867 | +15.1% |
| Taxes | 450/3 | €10,919 | €23,949 | +€13,031 | +119.3% |
| Remuneration and social security | 454/9 | €120,607 | €127,443 | +€6,837 | +5.7% |
| Other amounts payable | 47/48 | €334,274 | €328,091 | -€6,184 | -1.8% |
| Accrued charges and deferred income | 492/3 | €17,197 | €15,645 | -€1,553 | -9.0% |
| Remuneration, social security and pensions | 62 | €803,749 | €788,886 | -€14,864 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,928 | €77,992 | +€3,064 | +4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,581 | €1,149 | -€8,432 | -88.0% |
| Other operating charges | 640/8 | €40,266 | €48,282 | +€8,016 | +19.9% |
| Gross operating margin | 9900 | €1,012,019 | €925,862 | -€86,157 | -8.5% |
| Operating profit (loss) | 9901 | €83,495 | €9,554 | -€73,941 | -88.6% |
| Financial income | 75/76B | €48,547 | €46,814 | -€1,733 | -3.6% |
| Recurring financial income | 75 | €48,547 | €46,814 | -€1,733 | -3.6% |
| Financial charges | 65/66B | €33,587 | €19,023 | -€14,564 | -43.4% |
| Recurring financial charges | 65 | €33,587 | €19,023 | -€14,564 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €98,455 | €37,345 | -€61,110 | -62.1% |
| Income taxes | 67/77 | €27,454 | €9,136 | -€18,317 | -66.7% |
| Profit (loss) for the period | 9904 | €71,001 | €28,208 | -€42,793 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,001 | €28,208 | -€42,793 | -60.3% |
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 29 September 2026 via checked.be.