BETAWAVE: what changed
BETAWAVE
Largest movements
- Receivables within one year +€14,067
up €14,067 (+44.0%), from €31,997 to €46,064
of which Other amounts receivable: +€13,723
- Tangible fixed assets -€6,087
no longer reported in 2025 (was €6,087)
- Reserves +€5,242
new in 2025: €5,242
- Tax, wage and social debts -€5,148
down €5,148 (-55.6%), from €9,259 to €4,111
- Short-term financial debts +€3,153
up €3,153 (+192%), from €1,639 to €4,792
- Profit (loss) carried forward +€2,351
up €2,351 (+37.6%), from €6,259 to €8,610
- Trade debts +€2,229
up €2,229 (+89.7%), from €2,485 to €4,714
- Gross operating margin -€14,525
down €14,525 (-78.0%), from €18,613 to €4,088
- Depreciation -€6,086
no longer reported in 2025 (was €6,086)
- Taxes -€1,902
down €1,902 (-48.6%), from €3,915 to €2,013
- Financial income +€1,147
up €1,147 (+101%), from €1,139 to €2,286
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial 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 | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,642 | €46,469 | +€7,827 | +20.3% |
| Fixed assets | 21/28 | €6,237 | €150 | -€6,087 | -97.6% |
| Tangible fixed assets | 22/27 | €6,087 | - | -€6,087 | |
| Other tangible fixed assets | 26 | €6,087 | - | -€6,087 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €32,405 | €46,319 | +€13,914 | +42.9% |
| Amounts receivable within one year | 40/41 | €31,997 | €46,064 | +€14,067 | +44.0% |
| Trade receivables | 40 | €2,748 | €3,092 | +€344 | +12.5% |
| Other amounts receivable | 41 | €29,249 | €42,972 | +€13,723 | +46.9% |
| Deferred charges and accrued income | 490/1 | €408 | €255 | -€153 | -37.5% |
| Total equity and liabilities | 10/49 | €38,642 | €46,469 | +€7,827 | +20.3% |
| Equity | 10/15 | €25,259 | €32,852 | +€7,593 | +30.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | - | €5,242 | +€5,242 | |
| Distributable reserves | 133 | - | €5,242 | +€5,242 | |
| Profit (loss) carried forward | 14 | €6,259 | €8,610 | +€2,351 | +37.6% |
| Amounts payable | 17/49 | €13,383 | €13,617 | +€234 | +1.7% |
| Amounts payable within one year | 42/48 | €13,383 | €13,617 | +€234 | +1.7% |
| Financial debts | 43 | €1,639 | €4,792 | +€3,153 | +192% |
| Credit institutions | 430/8 | €1,639 | €4,792 | +€3,153 | +192% |
| Trade debts | 44 | €2,485 | €4,714 | +€2,229 | +89.7% |
| Suppliers | 440/4 | €2,485 | €4,714 | +€2,229 | +89.7% |
| Taxes, remuneration and social security | 45 | €9,259 | €4,111 | -€5,148 | -55.6% |
| Taxes | 450/3 | €9,259 | €4,111 | -€5,148 | -55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,086 | - | -€6,086 | |
| Other operating charges | 640/8 | €1,771 | €1,703 | -€68 | -3.8% |
| Gross operating margin | 9900 | €18,613 | €4,088 | -€14,525 | -78.0% |
| Operating profit (loss) | 9901 | €10,756 | €2,385 | -€8,371 | -77.8% |
| Financial income | 75/76B | €1,139 | €2,286 | +€1,147 | +101% |
| Recurring financial income | 75 | €1,139 | €2,286 | +€1,147 | +101% |
| Financial charges | 65/66B | €410 | €307 | -€103 | -25.1% |
| Recurring financial charges | 65 | €410 | €307 | -€103 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €11,485 | €4,364 | -€7,121 | -62.0% |
| Income taxes | 67/77 | €3,915 | €2,013 | -€1,902 | -48.6% |
| Profit (loss) for the period | 9904 | €7,570 | €2,351 | -€5,219 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,570 | €2,351 | -€5,219 | -68.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.