BETA CONSTRUCTIONS: 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 CONSTRUCTIONS
Largest movements
- Receivables within one year -€232,216
down €232,216 (-18.1%), from €1.3m to €1.1m
of which Trade receivables: -€351,024
- Cash +€61,079
up €61,079 (+133.4%), from €45,779 to €106,858
mainly Receivables within one year (+€232,216) and Trade debts (+€86,064)
- Advances received -€176,068
down €176,068 (-61.5%), from €286,360 to €110,292
- Trade debts +€86,064
up €86,064 (+30.1%), from €285,698 to €371,762
- Short-term financial debts -€50,000
no longer reported in 2024 (was €50,000)
- Other debts -€44,938
down €44,938 (-33.7%), from €133,470 to €88,532
- Current portion of long-term debt +€42,382
up €42,382 (+177.8%), from €23,839 to €66,221
- Gross operating margin -€217,326
down €217,326 (-40.0%), from €542,639 to €325,313
- Staff costs -€164,655
down €164,655 (-36.3%), from €453,159 to €288,505
- Taxes -€21,074
no longer reported in 2024 (was €21,074)
- Write-downs +€13,944
new in 2024: €13,944
- Financial charges +€11,759
up €11,759 (+575.4%), from €2,044 to €13,803
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,336,151 | €1,167,480 | -€168,670 | -12.6% |
| Fixed assets | 21/28 | €2,927 | €3,806 | +€879 | +30.0% |
| Tangible fixed assets | 22/27 | €2,328 | €3,207 | +€879 | +37.8% |
| Plant, machinery and equipment | 23 | €2,328 | €1,847 | -€480 | -20.6% |
| Furniture and vehicles | 24 | - | €1,360 | +€1,360 | |
| Financial fixed assets | 28 | €599 | €599 | = | 0.0% |
| Current assets | 29/58 | €1,333,224 | €1,163,675 | -€169,550 | -12.7% |
| Amounts receivable within one year | 40/41 | €1,283,150 | €1,050,933 | -€232,216 | -18.1% |
| Trade receivables | 40 | €548,387 | €197,362 | -€351,024 | -64.0% |
| Other amounts receivable | 41 | €734,763 | €853,571 | +€118,808 | +16.2% |
| Cash at bank and in hand | 54/58 | €45,779 | €106,858 | +€61,079 | +133.4% |
| Deferred charges and accrued income | 490/1 | €4,296 | €5,884 | +€1,588 | +37.0% |
| Total equity and liabilities | 10/49 | €1,336,151 | €1,167,480 | -€168,670 | -12.6% |
| Equity | 10/15 | €437,408 | €441,364 | +€3,956 | +0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €431,208 | €435,164 | +€3,956 | +0.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €429,348 | €433,304 | +€3,956 | +0.9% |
| Amounts payable | 17/49 | €898,743 | €726,117 | -€172,626 | -19.2% |
| Amounts payable after more than one year | 17 | €63,233 | €48,433 | -€14,800 | -23.4% |
| Financial debts | 170/4 | €63,233 | €48,433 | -€14,800 | -23.4% |
| Amounts payable within one year | 42/48 | €835,510 | €677,684 | -€157,826 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €23,839 | €66,221 | +€42,382 | +177.8% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €285,698 | €371,762 | +€86,064 | +30.1% |
| Suppliers | 440/4 | €285,698 | €371,762 | +€86,064 | +30.1% |
| Advances received on contracts in progress | 46 | €286,360 | €110,292 | -€176,068 | -61.5% |
| Taxes, remuneration and social security | 45 | €56,143 | €40,877 | -€15,266 | -27.2% |
| Taxes | 450/3 | €18,292 | €19,151 | +€859 | +4.7% |
| Remuneration and social security | 454/9 | €37,851 | €21,726 | -€16,125 | -42.6% |
| Other amounts payable | 47/48 | €133,470 | €88,532 | -€44,938 | -33.7% |
| Remuneration, social security and pensions | 62 | €453,159 | €288,505 | -€164,655 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,810 | €1,705 | -€2,104 | -55.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,944 | +€13,944 | |
| Other operating charges | 640/8 | €2,020 | €3,401 | +€1,381 | +68.4% |
| Gross operating margin | 9900 | €542,639 | €325,313 | -€217,326 | -40.0% |
| Operating profit (loss) | 9901 | €83,651 | €17,758 | -€65,892 | -78.8% |
| Financial charges | 65/66B | €2,044 | €13,803 | +€11,759 | +575.4% |
| Recurring financial charges | 65 | €2,044 | €13,803 | +€11,759 | +575.4% |
| Profit (loss) for the period before taxes | 9903 | €81,607 | €3,956 | -€77,652 | -95.2% |
| Income taxes | 67/77 | €21,074 | - | -€21,074 | |
| Profit (loss) for the period | 9904 | €60,533 | €3,956 | -€56,578 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,533 | €3,956 | -€56,578 | -93.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.