BETAX: 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.
BETAX
Largest movements
- Current investments -€309,313
down €309,313 (-73.3%), from €422,078 to €112,765
- Cash +€65,448
up €65,448 (+19.8%), from €329,968 to €395,416
mainly Current investments (+€309,313) and Net result for the year (+€106,692)
- Receivables within one year -€19,300
down €19,300 (-39.2%), from €49,247 to €29,948
- Other debts -€153,024
down €153,024 (-42.1%), from €363,394 to €210,370
- Reserves -€115,686
down €115,686 (-28.7%), from €402,845 to €287,160
- Gross operating margin +€16,336
up €16,336 (+12.5%), from €130,208 to €146,544
- Taxes +€6,738
up €6,738 (+17.1%), from €39,498 to €46,237
- Financial charges +€4,450
up €4,450 (+8,815%), from €50 to €4,500
- Financial income +€3,891
up €3,891 (+47.9%), from €8,117 to €12,008
- Depreciation -€2,191
down €2,191 (-93.4%), from €2,345 to €154
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.
Derived cash bridge
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 | €811,820 | €547,756 | -€264,065 | -32.5% |
| Fixed assets | 21/28 | €154 | €0 | -€154 | -100% |
| Tangible fixed assets | 22/27 | €154 | €0 | -€154 | -100% |
| Furniture and vehicles | 24 | €154 | €0 | -€154 | -100% |
| Current assets | 29/58 | €811,666 | €547,756 | -€263,910 | -32.5% |
| Amounts receivable within one year | 40/41 | €49,247 | €29,948 | -€19,300 | -39.2% |
| Trade receivables | 40 | €49,247 | €29,948 | -€19,300 | -39.2% |
| Current investments | 50/53 | €422,078 | €112,765 | -€309,313 | -73.3% |
| Cash at bank and in hand | 54/58 | €329,968 | €395,416 | +€65,448 | +19.8% |
| Deferred charges and accrued income | 490/1 | €10,373 | €9,627 | -€746 | -7.2% |
| Total equity and liabilities | 10/49 | €811,820 | €547,756 | -€264,065 | -32.5% |
| Equity | 10/15 | €415,245 | €299,560 | -€115,686 | -27.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €402,845 | €287,160 | -€115,686 | -28.7% |
| Distributable reserves | 133 | €402,845 | €287,160 | -€115,686 | -28.7% |
| Amounts payable | 17/49 | €396,575 | €248,196 | -€148,379 | -37.4% |
| Amounts payable within one year | 42/48 | €396,575 | €248,196 | -€148,379 | -37.4% |
| Trade debts | 44 | €2,145 | €791 | -€1,355 | -63.1% |
| Suppliers | 440/4 | €2,145 | €791 | -€1,355 | -63.1% |
| Taxes, remuneration and social security | 45 | €31,036 | €37,036 | +€6,000 | +19.3% |
| Taxes | 450/3 | €31,036 | €37,036 | +€6,000 | +19.3% |
| Other amounts payable | 47/48 | €363,394 | €210,370 | -€153,024 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,345 | €154 | -€2,191 | -93.4% |
| Other operating charges | 640/8 | €1,229 | €968 | -€261 | -21.2% |
| Gross operating margin | 9900 | €130,208 | €146,544 | +€16,336 | +12.5% |
| Operating profit (loss) | 9901 | €126,633 | €145,421 | +€18,788 | +14.8% |
| Financial income | 75/76B | €8,117 | €12,008 | +€3,891 | +47.9% |
| Recurring financial income | 75 | €8,117 | €12,008 | +€3,891 | +47.9% |
| Financial charges | 65/66B | €50 | €4,500 | +€4,450 | +8,815% |
| Recurring financial charges | 65 | €50 | €4,500 | +€4,450 | +8,815% |
| Profit (loss) for the period before taxes | 9903 | €134,699 | €152,929 | +€18,229 | +13.5% |
| Income taxes | 67/77 | €39,498 | €46,237 | +€6,738 | +17.1% |
| Profit (loss) for the period | 9904 | €95,201 | €106,692 | +€11,491 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,201 | €106,692 | +€11,491 | +12.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.