Beta Construct: 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 Construct
Largest movements
- Receivables within one year -€39,158
down €39,158 (-76.1%), from €51,466 to €12,308
of which Other amounts receivable: -€43,426
- Tangible fixed assets +€24,754
up €24,754 (+345.3%), from €7,169 to €31,923
of which Furniture and vehicles: +€23,914
- Deferred charges and accrued income +€17,616
new in 2025: €17,616
- Cash +€7,321
up €7,321 (+31.1%), from €23,543 to €30,864
mainly Receivables within one year (+€39,158) and Other debts (+€20,325)
- Stocks and contracts +€2,182
new in 2025: €2,182
- Other debts +€20,325
up €20,325 (+2440.0%), from €833 to €21,158
- Tax, wage and social debts -€15,966
down €15,966 (-98.1%), from €16,283 to €317
- Debts after one year +€6,709
up €6,709 (+111.8%), from €6,000 to €12,709
- Trade debts -€4,474
down €4,474 (-37.4%), from €11,955 to €7,481
- Current portion of long-term debt +€3,860
new in 2025: €3,860
- Gross operating margin -€16,700
down €16,700 (-53.3%), from €31,338 to €14,638
- Financial charges -€14,784
down €14,784 (-89.5%), from €16,523 to €1,739
- Taxes -€13,568
down €13,568 (-98.1%), from €13,829 to €261
- Financial income -€3,943
no longer reported in 2025 (was €3,943)
- Other operating charges -€3,022
down €3,022 (-67.5%), from €4,480 to €1,457
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 | €82,177 | €94,892 | +€12,715 | +15.5% |
| Fixed assets | 21/28 | €7,169 | €31,923 | +€24,754 | +345.3% |
| Tangible fixed assets | 22/27 | €7,169 | €31,923 | +€24,754 | +345.3% |
| Plant, machinery and equipment | 23 | - | €840 | +€840 | |
| Furniture and vehicles | 24 | €7,169 | €31,083 | +€23,914 | +333.6% |
| Current assets | 29/58 | €75,009 | €62,969 | -€12,039 | -16.1% |
| Stocks and contracts in progress | 3 | - | €2,182 | +€2,182 | |
| Stocks | 30/36 | - | €2,182 | +€2,182 | |
| Amounts receivable within one year | 40/41 | €51,466 | €12,308 | -€39,158 | -76.1% |
| Trade receivables | 40 | €7,221 | €11,489 | +€4,268 | +59.1% |
| Other amounts receivable | 41 | €44,245 | €819 | -€43,426 | -98.1% |
| Cash at bank and in hand | 54/58 | €23,543 | €30,864 | +€7,321 | +31.1% |
| Deferred charges and accrued income | 490/1 | - | €17,616 | +€17,616 | |
| Total equity and liabilities | 10/49 | €82,177 | €94,892 | +€12,715 | +15.5% |
| Equity | 10/15 | €46,706 | €49,268 | +€2,562 | +5.5% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €32,706 | €35,268 | +€2,562 | +7.8% |
| Distributable reserves | 133 | €32,706 | €35,268 | +€2,562 | +7.8% |
| Amounts payable | 17/49 | €35,472 | €45,625 | +€10,153 | +28.6% |
| Amounts payable after more than one year | 17 | €6,000 | €12,709 | +€6,709 | +111.8% |
| Financial debts | 170/4 | €6,000 | €12,709 | +€6,709 | +111.8% |
| Amounts payable within one year | 42/48 | €29,072 | €32,816 | +€3,744 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | - | €3,860 | +€3,860 | |
| Trade debts | 44 | €11,955 | €7,481 | -€4,474 | -37.4% |
| Suppliers | 440/4 | €11,955 | €7,481 | -€4,474 | -37.4% |
| Taxes, remuneration and social security | 45 | €16,283 | €317 | -€15,966 | -98.1% |
| Taxes | 450/3 | €16,283 | €317 | -€15,966 | -98.1% |
| Other amounts payable | 47/48 | €833 | €21,158 | +€20,325 | +2440.0% |
| Accrued charges and deferred income | 492/3 | €400 | €100 | -€300 | -75.0% |
| Non-recurring operating income | 76A | - | €11,392 | +€11,392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,851 | €6,726 | +€2,875 | +74.6% |
| Other operating charges | 640/8 | €4,480 | €1,457 | -€3,022 | -67.5% |
| Non-recurring operating charges | 66A | - | €1,061 | +€1,061 | |
| Gross operating margin | 9900 | €31,338 | €14,638 | -€16,700 | -53.3% |
| Operating profit (loss) | 9901 | €23,008 | €5,395 | -€17,613 | -76.6% |
| Financial income | 75/76B | €3,943 | - | -€3,943 | |
| Recurring financial income | 75 | €3,943 | - | -€3,943 | |
| Financial charges | 65/66B | €16,523 | €1,739 | -€14,784 | -89.5% |
| Recurring financial charges | 65 | €16,523 | €1,739 | -€14,784 | -89.5% |
| Profit (loss) for the period before taxes | 9903 | €10,428 | €3,656 | -€6,772 | -64.9% |
| Income taxes | 67/77 | €13,829 | €261 | -€13,568 | -98.1% |
| Profit (loss) for the period | 9904 | -€3,402 | €3,395 | +€6,796 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,402 | €3,395 | +€6,796 |
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 30 September 2026 via checked.be.