BETA NINE: 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 NINE
Largest movements
- Intangible fixed assets -€79,251
down €79,251 (-63.7%), from €124,389 to €45,138
- Receivables within one year -€17,138
down €17,138 (-12.1%), from €141,257 to €124,119
of which Trade receivables: -€17,423
- Cash +€11,525
up €11,525 (+125.5%), from €9,180 to €20,705
- Tangible fixed assets -€7,220
down €7,220 (-8.5%), from €85,177 to €77,957
of which Land and buildings: -€5,561
- Trade debts -€173,588
down €173,588 (-70.2%), from €247,155 to €73,567
- Other debts +€37,410
up €37,410 (+37.0%), from €101,127 to €138,537
- Profit (loss) carried forward +€29,422
up €29,422 (+10.5%), from -€280,030 to -€250,608
- Debts after one year +€25,000
new in 2025: €25,000
- Tax, wage and social debts -€10,459
down €10,459 (-7.6%), from €137,052 to €126,593
of which Taxes: -€18,902
- Financial income +€93,431
up €93,431 (+1752926.5%), from €5 to €93,436
- Staff costs +€56,098
up €56,098 (+24.6%), from €228,465 to €284,563
- Depreciation +€16,841
up €16,841 (+24.2%), from €69,630 to €86,471
- Other operating charges -€5,286
down €5,286 (-64.6%), from €8,177 to €2,891
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €362,313 | €271,858 | -€90,455 | -25.0% |
| Fixed assets | 21/28 | €210,558 | €124,087 | -€86,471 | -41.1% |
| Intangible fixed assets | 21 | €124,389 | €45,138 | -€79,251 | -63.7% |
| Tangible fixed assets | 22/27 | €85,177 | €77,957 | -€7,220 | -8.5% |
| Land and buildings | 22 | €83,518 | €77,957 | -€5,561 | -6.7% |
| Furniture and vehicles | 24 | €1,659 | - | -€1,659 | |
| Financial fixed assets | 28 | €992 | €992 | = | 0.0% |
| Current assets | 29/58 | €151,755 | €147,771 | -€3,984 | -2.6% |
| Amounts receivable within one year | 40/41 | €141,257 | €124,119 | -€17,138 | -12.1% |
| Trade receivables | 40 | €140,797 | €123,374 | -€17,423 | -12.4% |
| Other amounts receivable | 41 | €460 | €745 | +€285 | +61.9% |
| Cash at bank and in hand | 54/58 | €9,180 | €20,705 | +€11,525 | +125.5% |
| Deferred charges and accrued income | 490/1 | €1,317 | €2,947 | +€1,630 | +123.8% |
| Total equity and liabilities | 10/49 | €362,313 | €271,858 | -€90,455 | -25.0% |
| Equity | 10/15 | -€243,579 | -€214,157 | +€29,422 | +12.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €17,859 | €17,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | -€280,030 | -€250,608 | +€29,422 | +10.5% |
| Amounts payable | 17/49 | €605,892 | €486,015 | -€119,877 | -19.8% |
| Amounts payable after more than one year | 17 | - | €25,000 | +€25,000 | |
| Financial debts | 170/4 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €602,801 | €460,653 | -€142,148 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €2,007 | - | -€2,007 | |
| Financial debts | 43 | €115,460 | €121,956 | +€6,496 | +5.6% |
| Credit institutions | 430/8 | €115,460 | €121,956 | +€6,496 | +5.6% |
| Trade debts | 44 | €247,155 | €73,567 | -€173,588 | -70.2% |
| Suppliers | 440/4 | €247,155 | €73,567 | -€173,588 | -70.2% |
| Taxes, remuneration and social security | 45 | €137,052 | €126,593 | -€10,459 | -7.6% |
| Taxes | 450/3 | €60,522 | €41,620 | -€18,902 | -31.2% |
| Remuneration and social security | 454/9 | €76,530 | €84,973 | +€8,443 | +11.0% |
| Other amounts payable | 47/48 | €101,127 | €138,537 | +€37,410 | +37.0% |
| Accrued charges and deferred income | 492/3 | €3,091 | €362 | -€2,729 | -88.3% |
| Non-recurring operating income | 76A | €1,067 | - | -€1,067 | |
| Remuneration, social security and pensions | 62 | €228,465 | €284,563 | +€56,098 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,630 | €86,471 | +€16,841 | +24.2% |
| Other operating charges | 640/8 | €8,177 | €2,891 | -€5,286 | -64.6% |
| Gross operating margin | 9900 | €341,152 | €337,821 | -€3,331 | -1.0% |
| Operating profit (loss) | 9901 | €34,880 | -€36,104 | -€70,985 | |
| Financial income | 75/76B | €5 | €93,436 | +€93,431 | +1752926.5% |
| Recurring financial income | 75 | €5 | €93,436 | +€93,431 | +1752926.5% |
| Financial charges | 65/66B | €27,510 | €27,433 | -€77 | -0.3% |
| Recurring financial charges | 65 | €25,936 | €27,433 | +€1,496 | +5.8% |
| Non-recurring financial charges | 66B | €1,574 | - | -€1,574 | |
| Profit (loss) for the period before taxes | 9903 | €7,376 | €29,899 | +€22,524 | +305.4% |
| Income taxes | 67/77 | €620 | €477 | -€143 | -23.0% |
| Profit (loss) for the period | 9904 | €6,756 | €29,422 | +€22,666 | +335.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,756 | €29,422 | +€22,666 | +335.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.