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BETCO: 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.

What changed

BETCO

BE 0734.941.581
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€26,356
2024 · €34,049-€7,693
Equity
€284,699
2024 · €259,176+€25,523
Cash
€46,857
2024 · €39,480+€7,377
Balance sheet total
€317,440
2024 · €307,567+€9,872

Largest movements

2024 to 2025
Assets
  • Cash +€7,377

    up €7,377 (+18.7%), from €39,480 to €46,857

    mainly Net result for the year (+€26,356) and Trade debts (+€3,153)

Equity and liabilities
  • Reserves +€25,523

    up €25,523 (+23.4%), from €109,176 to €134,699

  • Debts after one year -€14,597

    down €14,597 (-92.3%), from €15,819 to €1,221

  • Tax, wage and social debts -€4,352

    down €4,352 (-32.1%), from €13,545 to €9,193

Income statement
  • Gross operating margin -€9,414

    down €9,414 (-19.4%), from €48,546 to €39,131

  • Taxes -€2,558

    down €2,558 (-21.2%), from €12,063 to €9,505

  • Depreciation +€505

    up €505 (+33.7%), from €1,497 to €2,002

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €34,049
Gross operating margin -€9,414
Depreciation -€505
Other operating charges -€412
Financial income +€0
Financial charges +€79
Taxes +€2,558
Result 2025 €26,356
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€25,998
Investment -€3,298
Financing -€15,322
Cash 2024 €39,480
Net result for the year +€26,356
Depreciation +€2,002
Receivables within one year -€491
Deferred charges and accrued income -€708
Trade debts +€3,153
Tax, wage and social debts -€4,352
Other debts +€254
Accrued charges and deferred income -€216
Investment in fixed assets (net) -€3,298
Debts after one year -€14,597
Current portion of long-term debt +€108
Contributions, distributions and other -€833
Cash 2025 €46,857
brings cash intakes cash out
Every line side by side 40 lines
Line Code 2024 2025 Change %
Total assets 20/58 €307,567 €317,440 +€9,872 +3.2%
Fixed assets 21/28 €255,680 €256,977 +€1,296 +0.5%
Tangible fixed assets 22/27 €5,380 €6,677 +€1,296 +24.1%
Furniture and vehicles 24 €5,380 €3,800 -€1,581 -29.4%
Other tangible fixed assets 26 - €2,877 +€2,877
Financial fixed assets 28 €250,300 €250,300 = 0.0%
Current assets 29/58 €51,887 €60,463 +€8,576 +16.5%
Amounts receivable within one year 40/41 €12,406 €12,897 +€491 +4.0%
Trade receivables 40 €12,403 €12,403 = 0.0%
Other amounts receivable 41 €4 €495 +€491 +12,554%
Cash at bank and in hand 54/58 €39,480 €46,857 +€7,377 +18.7%
Deferred charges and accrued income 490/1 - €708 +€708
Total equity and liabilities 10/49 €307,567 €317,440 +€9,872 +3.2%
Equity 10/15 €259,176 €284,699 +€25,523 +9.8%
Contributions 10/11 €150,000 €150,000 = 0.0%
Reserves 13 €109,176 €134,699 +€25,523 +23.4%
Distributable reserves 133 €109,176 €134,699 +€25,523 +23.4%
Amounts payable 17/49 €48,391 €32,740 -€15,651 -32.3%
Amounts payable after more than one year 17 €15,819 €1,221 -€14,597 -92.3%
Financial debts 170/4 €15,819 €1,221 -€14,597 -92.3%
Amounts payable within one year 42/48 €32,356 €31,519 -€838 -2.6%
Current portion of amounts payable after more than one year 42 €14,489 €14,597 +€108 +0.7%
Trade debts 44 €823 €3,976 +€3,153 +383%
Suppliers 440/4 €823 €3,976 +€3,153 +383%
Taxes, remuneration and social security 45 €13,545 €9,193 -€4,352 -32.1%
Taxes 450/3 €13,545 €9,193 -€4,352 -32.1%
Other amounts payable 47/48 €3,499 €3,753 +€254 +7.3%
Accrued charges and deferred income 492/3 €216 - -€216
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €1,497 €2,002 +€505 +33.7%
Other operating charges 640/8 €62 €474 +€412 +665%
Gross operating margin 9900 €48,546 €39,131 -€9,414 -19.4%
Operating profit (loss) 9901 €46,986 €36,655 -€10,331 -22.0%
Financial income 75/76B €0 €0 +€0 +1,267%
Recurring financial income 75 €0 €0 +€0 +1,267%
Financial charges 65/66B €874 €794 -€79 -9.1%
Recurring financial charges 65 €874 €794 -€79 -9.1%
Profit (loss) for the period before taxes 9903 €46,113 €35,861 -€10,251 -22.2%
Income taxes 67/77 €12,063 €9,505 -€2,558 -21.2%
Profit (loss) for the period 9904 €34,049 €26,356 -€7,693 -22.6%
Profit (loss) for the period to be appropriated 9905 €34,049 €26,356 -€7,693 -22.6%

Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.