BETER ZIEN: 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.
BETER ZIEN
Largest movements
- Tangible fixed assets +€53,498
up €53,498 (+66.0%), from €81,061 to €134,559
of which Plant, machinery and equipment: +€59,161
- Deferred charges and accrued income +€31,914
up €31,914 (+31.2%), from €102,260 to €134,174
- Receivables within one year -€8,237
down €8,237 (-34.8%), from €23,636 to €15,399
of which Trade receivables: -€5,848
- Trade debts +€66,072
up €66,072 (+495%), from €13,343 to €79,414
- Other debts -€24,324
down €24,324 (-7.1%), from €341,584 to €317,260
- Accrued charges and deferred income +€23,269
up €23,269 (+40.1%), from €57,957 to €81,226
- Tax, wage and social debts +€8,831
up €8,831 (+21.0%), from €42,003 to €50,834
of which Remuneration and social security: +€6,346
- Staff costs +€26,061
up €26,061 (+11.1%), from €235,690 to €261,752
- Gross operating margin +€22,822
up €22,822 (+7.6%), from €302,078 to €324,900
- Financial charges +€4,510
up €4,510 (+32.0%), from €14,078 to €18,588
- Depreciation -€4,350
down €4,350 (-9.8%), from €44,287 to €39,937
- Other operating charges -€3,663
down €3,663 (-44.2%), from €8,286 to €4,623
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 | €621,150 | €694,998 | +€73,848 | +11.9% |
| Fixed assets | 21/28 | €85,681 | €140,801 | +€55,120 | +64.3% |
| Intangible fixed assets | 21 | €4,620 | €6,242 | +€1,623 | +35.1% |
| Tangible fixed assets | 22/27 | €81,061 | €134,559 | +€53,498 | +66.0% |
| Plant, machinery and equipment | 23 | €55,441 | €114,602 | +€59,161 | +107% |
| Furniture and vehicles | 24 | €25,620 | €19,957 | -€5,664 | -22.1% |
| Current assets | 29/58 | €535,469 | €554,197 | +€18,728 | +3.5% |
| Amounts receivable within one year | 40/41 | €23,636 | €15,399 | -€8,237 | -34.8% |
| Trade receivables | 40 | €21,246 | €15,399 | -€5,848 | -27.5% |
| Other amounts receivable | 41 | €2,389 | €0 | -€2,389 | -100% |
| Cash at bank and in hand | 54/58 | €409,573 | €404,623 | -€4,950 | -1.2% |
| Deferred charges and accrued income | 490/1 | €102,260 | €134,174 | +€31,914 | +31.2% |
| Total equity and liabilities | 10/49 | €621,150 | €694,998 | +€73,848 | +11.9% |
| Equity | 10/15 | €166,264 | €166,264 | = | 0.0% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €46,264 | €46,264 | = | 0.0% |
| Distributable reserves | 133 | €46,264 | €46,264 | = | 0.0% |
| Amounts payable | 17/49 | €454,886 | €528,734 | +€73,848 | +16.2% |
| Amounts payable within one year | 42/48 | €396,930 | €447,508 | +€50,578 | +12.7% |
| Trade debts | 44 | €13,343 | €79,414 | +€66,072 | +495% |
| Suppliers | 440/4 | €13,343 | €79,414 | +€66,072 | +495% |
| Taxes, remuneration and social security | 45 | €42,003 | €50,834 | +€8,831 | +21.0% |
| Taxes | 450/3 | €2,653 | €5,139 | +€2,485 | +93.7% |
| Remuneration and social security | 454/9 | €39,349 | €45,695 | +€6,346 | +16.1% |
| Other amounts payable | 47/48 | €341,584 | €317,260 | -€24,324 | -7.1% |
| Accrued charges and deferred income | 492/3 | €57,957 | €81,226 | +€23,269 | +40.1% |
| Remuneration, social security and pensions | 62 | €235,690 | €261,752 | +€26,061 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,287 | €39,937 | -€4,350 | -9.8% |
| Other operating charges | 640/8 | €8,286 | €4,623 | -€3,663 | -44.2% |
| Gross operating margin | 9900 | €302,078 | €324,900 | +€22,822 | +7.6% |
| Operating profit (loss) | 9901 | €13,814 | €18,588 | +€4,774 | +34.6% |
| Financial income | 75/76B | €263 | €0 | -€263 | -100% |
| Recurring financial income | 75 | €263 | €0 | -€263 | -100% |
| Financial charges | 65/66B | €14,078 | €18,588 | +€4,510 | +32.0% |
| Recurring financial charges | 65 | €14,078 | €18,588 | +€4,510 | +32.0% |
| Income taxes | 67/77 | €1,133 | €0 | -€1,133 | -100% |
| Profit (loss) for the period | 9904 | -€1,133 | €0 | +€1,133 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,133 | €0 | +€1,133 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.