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BETA 4: 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

BETA 4

BE 0699.680.202
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€540,936
2024 · €135,074+€405,862
Equity
€773,012
2024 · €232,075+€540,936
Cash
€103,628
2024 · €150,042-€46,414
Balance sheet total
€6.6m
2024 · €5.3m+€1.4m

Largest movements

2024 to 2025
Assets
  • Financial fixed assets +€1.4m

    up €1.4m (+27.1%), from €5.1m to €6.5m

Equity and liabilities
  • Other debts +€805,000

    up €805,000 (+16.2%), from €5.0m to €5.8m

  • Reserves +€540,936

    up €540,936 (+253.4%), from €213,475 to €754,412

Income statement
  • Financial income +€451,963

    up €451,963 (+232.3%), from €194,559 to €646,522

    of which Non-recurring financial income: +€462,825

  • Taxes +€48,460

    up €48,460 (+97.1%), from €49,910 to €98,370

  • Gross operating margin +€3,502

    up €3,502 (+48.3%), from -€7,250 to -€3,747

  • Financial charges +€1,262

    up €1,262 (+104.5%), from €1,207 to €2,470

  • Other operating charges -€119

    down €119 (-10.7%), from €1,118 to €998

From the 2024 result to the 2025 result

effect on the 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 €135,074
Gross operating margin +€3,502
Other operating charges +€119
Financial income +€451,963
Financial charges -€1,262
Taxes -€48,460
Result 2025 €540,936

Cash bridge derived

cash 2024 to 2025

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 +€1.3m
Investment -€1.4m
Financing €0
Cash 2024 €150,042
Net result for the year +€540,936
Receivables within one year -€46,670
Trade debts +€108
Tax, wage and social debts +€35,358
Other debts +€805,000
Investment in fixed assets (net) -€1.4m
Cash 2025 €103,628
Every line side by side 32 lines
Line Code 2024 2025 Change %
Total assets 20/58 €5,252,851 €6,634,254 +€1.4m +26.3%
Fixed assets 21/28 €5,102,218 €6,483,365 +€1.4m +27.1%
Financial fixed assets 28 €5,102,218 €6,483,365 +€1.4m +27.1%
Current assets 29/58 €150,633 €150,889 +€256 +0.2%
Amounts receivable within one year 40/41 €591 €47,261 +€46,670 +7891.2%
Trade receivables 40 €0 - =
Other amounts receivable 41 €591 €47,261 +€46,670 +7891.2%
Cash at bank and in hand 54/58 €150,042 €103,628 -€46,414 -30.9%
Total equity and liabilities 10/49 €5,252,851 €6,634,254 +€1.4m +26.3%
Equity 10/15 €232,075 €773,012 +€540,936 +233.1%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €213,475 €754,412 +€540,936 +253.4%
Distributable reserves 133 €213,475 €754,412 +€540,936 +253.4%
Amounts payable 17/49 €5,020,776 €5,861,242 +€840,466 +16.7%
Amounts payable within one year 42/48 €5,020,776 €5,861,242 +€840,466 +16.7%
Trade debts 44 €910 €1,018 +€108 +11.8%
Suppliers 440/4 €910 €1,018 +€108 +11.8%
Taxes, remuneration and social security 45 €48,672 €84,031 +€35,358 +72.6%
Taxes 450/3 €48,672 €84,031 +€35,358 +72.6%
Other amounts payable 47/48 €4,971,194 €5,776,194 +€805,000 +16.2%
Other operating charges 640/8 €1,118 €998 -€119 -10.7%
Gross operating margin 9900 -€7,250 -€3,747 +€3,502 +48.3%
Operating profit (loss) 9901 -€8,367 -€4,746 +€3,621 +43.3%
Financial income 75/76B €194,559 €646,522 +€451,963 +232.3%
Recurring financial income 75 €155,184 €144,322 -€10,862 -7.0%
Non-recurring financial income 76B €39,375 €502,200 +€462,825 +1175.4%
Financial charges 65/66B €1,207 €2,470 +€1,262 +104.5%
Recurring financial charges 65 €1,207 €2,470 +€1,262 +104.5%
Profit (loss) for the period before taxes 9903 €184,984 €639,307 +€454,323 +245.6%
Income taxes 67/77 €49,910 €98,370 +€48,460 +97.1%
Profit (loss) for the period 9904 €135,074 €540,936 +€405,862 +300.5%
Profit (loss) for the period to be appropriated 9905 €135,074 €540,936 +€405,862 +300.5%

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 1 October 2026 via checked.be.