BeTer: 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.
BeTer
Largest movements
- Tangible fixed assets -€173,435
down €173,435 (-20.8%), from €833,930 to €660,496
of which Leasing and similar rights: -€108,864
- Receivables within one year -€112,811
down €112,811 (-31.7%), from €355,627 to €242,817
of which Trade receivables: -€92,726
- Stocks and contracts +€92,688
up €92,688 (+21.4%), from €433,322 to €526,011
- Cash +€23,018
up €23,018 (+1233.5%), from €1,866 to €24,884
mainly Depreciation (+€236,661) and Receivables within one year (+€112,811)
- Debts after one year -€123,008
down €123,008 (-24.2%), from €507,905 to €384,897
- Trade debts -€96,542
down €96,542 (-34.4%), from €280,890 to €184,348
- Short-term financial debts +€35,504
up €35,504 (+16.6%), from €214,496 to €250,000
- Reserves +€24,516
up €24,516 (+6.9%), from €356,108 to €380,624
- Gross operating margin +€73,581
up €73,581 (+21.0%), from €351,007 to €424,587
- Depreciation +€28,535
up €28,535 (+13.7%), from €208,126 to €236,661
- Staff costs +€27,098
up €27,098 (+32.0%), from €84,699 to €111,796
- Financial income -€6,971
down €6,971 (-85.3%), from €8,173 to €1,202
of which Financial income: -€6,971
- Taxes +€6,432
up €6,432, from €0 to €6,432
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 | €1,632,283 | €1,460,214 | -€172,068 | -10.5% |
| Fixed assets | 21/28 | €837,137 | €662,173 | -€174,964 | -20.9% |
| Intangible fixed assets | 21 | €3,207 | €1,678 | -€1,529 | -47.7% |
| Tangible fixed assets | 22/27 | €833,930 | €660,496 | -€173,435 | -20.8% |
| Plant, machinery and equipment | 23 | €220,733 | €189,491 | -€31,242 | -14.2% |
| Furniture and vehicles | 24 | €56,831 | €38,060 | -€18,770 | -33.0% |
| Leasing and similar rights | 25 | €457,350 | €348,486 | -€108,864 | -23.8% |
| Other tangible fixed assets | 26 | €99,017 | €84,458 | -€14,558 | -14.7% |
| Current assets | 29/58 | €795,146 | €798,041 | +€2,896 | +0.4% |
| Stocks and contracts in progress | 3 | €433,322 | €526,011 | +€92,688 | +21.4% |
| Stocks | 30/36 | €433,322 | €526,011 | +€92,688 | +21.4% |
| Amounts receivable within one year | 40/41 | €355,627 | €242,817 | -€112,811 | -31.7% |
| Trade receivables | 40 | €327,556 | €234,830 | -€92,726 | -28.3% |
| Other amounts receivable | 41 | €28,072 | €7,987 | -€20,085 | -71.5% |
| Cash at bank and in hand | 54/58 | €1,866 | €24,884 | +€23,018 | +1233.5% |
| Deferred charges and accrued income | 490/1 | €4,330 | €4,330 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,632,283 | €1,460,214 | -€172,068 | -10.5% |
| Equity | 10/15 | €374,708 | €399,224 | +€24,516 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €356,108 | €380,624 | +€24,516 | +6.9% |
| Distributable reserves | 133 | €356,108 | €380,624 | +€24,516 | +6.9% |
| Amounts payable | 17/49 | €1,257,574 | €1,060,990 | -€196,584 | -15.6% |
| Amounts payable after more than one year | 17 | €507,905 | €384,897 | -€123,008 | -24.2% |
| Financial debts | 170/4 | €507,905 | €384,897 | -€123,008 | -24.2% |
| Amounts payable within one year | 42/48 | €749,669 | €675,209 | -€74,461 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €168,680 | €167,731 | -€950 | -0.6% |
| Financial debts | 43 | €214,496 | €250,000 | +€35,504 | +16.6% |
| Credit institutions | 430/8 | €214,496 | €250,000 | +€35,504 | +16.6% |
| Trade debts | 44 | €280,890 | €184,348 | -€96,542 | -34.4% |
| Suppliers | 440/4 | €280,890 | €184,348 | -€96,542 | -34.4% |
| Taxes, remuneration and social security | 45 | €36,058 | €22,834 | -€13,224 | -36.7% |
| Taxes | 450/3 | €19,187 | €11,061 | -€8,127 | -42.4% |
| Remuneration and social security | 454/9 | €16,870 | €11,773 | -€5,097 | -30.2% |
| Other amounts payable | 47/48 | €49,546 | €50,297 | +€750 | +1.5% |
| Accrued charges and deferred income | 492/3 | - | €885 | +€885 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €84,699 | €111,796 | +€27,098 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,126 | €236,661 | +€28,535 | +13.7% |
| Other operating charges | 640/8 | €2,438 | €1,206 | -€1,232 | -50.5% |
| Non-recurring operating charges | 66A | - | €3,531 | +€3,531 | |
| Gross operating margin | 9900 | €351,007 | €424,587 | +€73,581 | +21.0% |
| Operating profit (loss) | 9901 | €55,744 | €71,393 | +€15,650 | +28.1% |
| Financial income | 75/76B | €8,173 | €1,202 | -€6,971 | -85.3% |
| Recurring financial income | 75 | €8,173 | €1,202 | -€6,971 | -85.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €38,669 | €41,648 | +€2,979 | +7.7% |
| Recurring financial charges | 65 | €38,669 | €41,648 | +€2,979 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €25,248 | €30,947 | +€5,700 | +22.6% |
| Income taxes | 67/77 | €0 | €6,432 | +€6,432 | |
| Profit (loss) for the period | 9904 | €25,248 | €24,516 | -€732 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,248 | €24,516 | -€732 | -2.9% |
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 8 October 2026 via checked.be.