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.
BETA 4
Largest movements
- Financial fixed assets +€1.4m
up €1.4m (+27.1%), from €5.1m to €6.5m
- 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
- 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
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 | €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.