BETA PROJECTS: 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 PROJECTS
Largest movements
- Current investments +€43,695
new in 2025: €43,695
- Financial fixed assets -€42,091
down €42,091 (-17.9%), from €235,091 to €193,000
- Tangible fixed assets -€16,099
down €16,099 (-1.7%), from €951,816 to €935,716
of which Land and buildings: -€18,210
- Reserves +€42,653
up €42,653 (+5.5%), from €781,070 to €823,723
of which Distributable reserves: +€42,653
- Debts after one year -€18,831
down €18,831 (-7.1%), from €263,817 to €244,986
- Other debts -€18,827
down €18,827 (-4.9%), from €385,868 to €367,041
- Trade debts -€18,229
down €18,229 (-74.6%), from €24,438 to €6,209
of which Suppliers: -€17,815
- Gross operating margin -€13,314
down €13,314 (-10.9%), from €121,724 to €108,410
- Taxes +€3,752
up €3,752 (+27.3%), from €13,730 to €17,482
- Financial charges +€2,451
up €2,451 (+34.9%), from €7,028 to €9,479
- Financial income +€2,426
up €2,426 (+211.6%), from €1,146 to €3,572
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 | €1,459,129 | €1,442,437 | -€16,693 | -1.1% |
| Fixed assets | 21/28 | €1,186,906 | €1,128,716 | -€58,190 | -4.9% |
| Tangible fixed assets | 22/27 | €951,816 | €935,716 | -€16,099 | -1.7% |
| Land and buildings | 22 | €939,681 | €921,471 | -€18,210 | -1.9% |
| Plant, machinery and equipment | 23 | €7,377 | €8,140 | +€763 | +10.3% |
| Furniture and vehicles | 24 | €4,757 | €6,105 | +€1,348 | +28.3% |
| Financial fixed assets | 28 | €235,091 | €193,000 | -€42,091 | -17.9% |
| Current assets | 29/58 | €272,223 | €313,720 | +€41,497 | +15.2% |
| Amounts receivable after more than one year | 29 | €67,140 | €67,140 | = | 0.0% |
| Trade receivables | 290 | €67,140 | €67,140 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €132,539 | €126,905 | -€5,634 | -4.3% |
| Trade receivables | 40 | €82,418 | €76,368 | -€6,050 | -7.3% |
| Other amounts receivable | 41 | €50,121 | €50,537 | +€416 | +0.8% |
| Current investments | 50/53 | - | €43,695 | +€43,695 | |
| Cash at bank and in hand | 54/58 | €68,231 | €67,115 | -€1,116 | -1.6% |
| Deferred charges and accrued income | 490/1 | €4,313 | €8,865 | +€4,552 | +105.5% |
| Total equity and liabilities | 10/49 | €1,459,129 | €1,442,437 | -€16,693 | -1.1% |
| Equity | 10/15 | €745,069 | €787,722 | +€42,653 | +5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €781,070 | €823,723 | +€42,653 | +5.5% |
| 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 | €779,210 | €821,863 | +€42,653 | +5.5% |
| Profit (loss) carried forward | 14 | -€42,201 | -€42,201 | = | 0.0% |
| Amounts payable | 17/49 | €714,060 | €654,715 | -€59,346 | -8.3% |
| Amounts payable after more than one year | 17 | €263,817 | €244,986 | -€18,831 | -7.1% |
| Financial debts | 170/4 | €263,817 | €244,986 | -€18,831 | -7.1% |
| Amounts payable within one year | 42/48 | €450,243 | €409,729 | -€40,514 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €29,898 | €18,831 | -€11,067 | -37.0% |
| Trade debts | 44 | €24,438 | €6,209 | -€18,229 | -74.6% |
| Suppliers | 440/4 | €24,024 | €6,209 | -€17,815 | -74.2% |
| Bills of exchange payable | 441 | €413 | - | -€413 | |
| Taxes, remuneration and social security | 45 | €10,040 | €17,648 | +€7,608 | +75.8% |
| Taxes | 450/3 | €10,040 | €14,425 | +€4,384 | +43.7% |
| Remuneration and social security | 454/9 | - | €3,224 | +€3,224 | |
| Other amounts payable | 47/48 | €385,868 | €367,041 | -€18,827 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,642 | €36,308 | -€334 | -0.9% |
| Other operating charges | 640/8 | €5,562 | €6,060 | +€498 | +9.0% |
| Gross operating margin | 9900 | €121,724 | €108,410 | -€13,314 | -10.9% |
| Operating profit (loss) | 9901 | €79,520 | €66,042 | -€13,478 | -16.9% |
| Financial income | 75/76B | €1,146 | €3,572 | +€2,426 | +211.6% |
| Recurring financial income | 75 | €1,146 | €3,572 | +€2,426 | +211.6% |
| Financial charges | 65/66B | €7,028 | €9,479 | +€2,451 | +34.9% |
| Recurring financial charges | 65 | €7,028 | €9,479 | +€2,451 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €73,638 | €60,135 | -€13,503 | -18.3% |
| Income taxes | 67/77 | €13,730 | €17,482 | +€3,752 | +27.3% |
| Profit (loss) for the period | 9904 | €59,908 | €42,653 | -€17,256 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,908 | €42,653 | -€17,256 | -28.8% |
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 5 October 2026 via checked.be.