BETA: 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.
BETA
Largest movements
- Cash +€167,074
up €167,074 (+126%), from €132,464 to €299,538
mainly Net result for the year (+€200,951) and Current investments (+€43,520)
- Current investments -€43,520
down €43,520 (-6.8%), from €642,315 to €598,795
- Tangible fixed assets -€17,714
down €17,714 (-7.7%), from €229,984 to €212,270
of which Furniture and vehicles: -€8,966
- Reserves +€303,950
up €303,950 (+50.9%), from €597,170 to €901,120
of which Distributable reserves: +€310,950
- Profit (loss) carried forward -€104,717
down €104,717 (-91.8%), from €114,130 to €9,413
- Other debts -€86,375
down €86,375 (-98.0%), from €88,093 to €1,718
- Debts after one year -€13,106
down €13,106 (-9.9%), from €132,248 to €119,143
- Gross operating margin +€60,216
up €60,216 (+24.0%), from €251,164 to €311,380
- Taxes +€19,652
up €19,652 (+28.4%), from €69,233 to €88,885
- Financial charges +€11,354
up €11,354 (+366%), from €3,103 to €14,457
- Financial income +€11,329
up €11,329 (+435%), from €2,604 to €13,933
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,058,904 | €1,157,420 | +€98,516 | +9.3% |
| Fixed assets | 21/28 | €229,984 | €212,270 | -€17,714 | -7.7% |
| Tangible fixed assets | 22/27 | €229,984 | €212,270 | -€17,714 | -7.7% |
| Land and buildings | 22 | €185,191 | €179,491 | -€5,700 | -3.1% |
| Plant, machinery and equipment | 23 | €3,101 | €1,853 | -€1,248 | -40.2% |
| Furniture and vehicles | 24 | €27,692 | €18,727 | -€8,966 | -32.4% |
| Other tangible fixed assets | 26 | €14,000 | €12,200 | -€1,800 | -12.9% |
| Current assets | 29/58 | €828,920 | €945,150 | +€116,230 | +14.0% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,545 | €41,332 | -€7,214 | -14.9% |
| Trade receivables | 40 | €38,731 | €40,231 | +€1,501 | +3.9% |
| Other amounts receivable | 41 | €9,815 | €1,100 | -€8,715 | -88.8% |
| Current investments | 50/53 | €642,315 | €598,795 | -€43,520 | -6.8% |
| Cash at bank and in hand | 54/58 | €132,464 | €299,538 | +€167,074 | +126% |
| Deferred charges and accrued income | 490/1 | €3,597 | €3,486 | -€110 | -3.1% |
| Total equity and liabilities | 10/49 | €1,058,904 | €1,157,420 | +€98,516 | +9.3% |
| Equity | 10/15 | €781,300 | €980,533 | +€199,233 | +25.5% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | - | -€70,000 | |
| Issued capital | 100 | €70,000 | - | -€70,000 | |
| Reserves | 13 | €597,170 | €901,120 | +€303,950 | +50.9% |
| Non-distributable reserves | 130/1 | €7,000 | - | -€7,000 | |
| Legal reserve | 130 | €7,000 | - | -€7,000 | |
| Distributable reserves | 133 | €590,170 | €901,120 | +€310,950 | +52.7% |
| Profit (loss) carried forward | 14 | €114,130 | €9,413 | -€104,717 | -91.8% |
| Amounts payable | 17/49 | €277,604 | €176,887 | -€100,717 | -36.3% |
| Amounts payable after more than one year | 17 | €132,248 | €119,143 | -€13,106 | -9.9% |
| Financial debts | 170/4 | €132,248 | €119,143 | -€13,106 | -9.9% |
| Amounts payable within one year | 42/48 | €145,356 | €57,745 | -€87,611 | -60.3% |
| Current portion of amounts payable after more than one year | 42 | €12,974 | €13,106 | +€132 | +1.0% |
| Trade debts | 44 | €2,080 | €630 | -€1,451 | -69.7% |
| Suppliers | 440/4 | €2,080 | €630 | -€1,451 | -69.7% |
| Taxes, remuneration and social security | 45 | €42,209 | €42,291 | +€83 | +0.2% |
| Taxes | 450/3 | €42,209 | €42,291 | +€83 | +0.2% |
| Other amounts payable | 47/48 | €88,093 | €1,718 | -€86,375 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,629 | €15,819 | +€190 | +1.2% |
| Other operating charges | 640/8 | €5,369 | €5,201 | -€168 | -3.1% |
| Gross operating margin | 9900 | €251,164 | €311,380 | +€60,216 | +24.0% |
| Operating profit (loss) | 9901 | €230,166 | €290,360 | +€60,194 | +26.2% |
| Financial income | 75/76B | €2,604 | €13,933 | +€11,329 | +435% |
| Recurring financial income | 75 | €2,604 | €13,933 | +€11,329 | +435% |
| Financial charges | 65/66B | €3,103 | €14,457 | +€11,354 | +366% |
| Recurring financial charges | 65 | €3,103 | €14,457 | +€11,354 | +366% |
| Profit (loss) for the period before taxes | 9903 | €229,666 | €289,836 | +€60,170 | +26.2% |
| Income taxes | 67/77 | €69,233 | €88,885 | +€19,652 | +28.4% |
| Profit (loss) for the period | 9904 | €160,433 | €200,951 | +€40,518 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €160,433 | €200,951 | +€40,518 | +25.3% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.