BETEVEST: what changed
What changed
BETEVEST
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€113,768
2024 · €123,111-€9,343
Equity
€834,862
2024 · €721,093+€113,768
Cash
€33,838
2024 · €32,826+€1,012
Balance sheet total
€1.0m
2024 · €903,741+€104,311
Largest movements
Assets
- Receivables within one year +€66,481
up €66,481 (+11.8%), from €562,833 to €629,314
of which Other amounts receivable: +€65,206
- Deferred charges and accrued income +€34,885
up €34,885 (+17.6%), from €198,099 to €232,984
Equity and liabilities
- Profit (loss) carried forward +€113,768
up €113,768 (+17.6%), from €647,684 to €761,452
- Current portion of long-term debt -€65,491
no longer reported in 2025 (was €65,491)
- Tax, wage and social debts +€60,014
up €60,014 (+170%), from €35,230 to €95,244
Income statement
- Financial charges +€4,812
up €4,812 (+540%), from €891 to €5,702
- Other operating charges +€2,982
up €2,982 (+797%), from €374 to €3,356
Change in the result, 2024 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.
Result 2024
€123,111
Gross operating margin
+€9
Other operating charges
-€2,982
Financial income
-€566
Financial charges
-€4,812
Taxes
-€992
Result 2025
€113,768
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€69,297
Investment
-€2,795
Financing
-€65,491
Cash 2024
€32,826
From operations (derived)
+€69,297
Net result for the year
+€113,768
Depreciation
+€862
Receivables within one year
-€66,481
Deferred charges and accrued income
-€34,885
Trade debts
+€1,519
Tax, wage and social debts
+€60,014
Other debts
-€5,500
Investment (derived)
-€2,795
Investment in fixed assets (net)
-€2,795
Financing
-€65,491
Current portion of long-term debt
-€65,491
Cash 2025
€33,838
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €903,741 | €1,008,051 | +€104,311 | +11.5% |
| Fixed assets | 21/28 | €9,982 | €11,916 | +€1,933 | +19.4% |
| Tangible fixed assets | 22/27 | €9,782 | €8,921 | -€862 | -8.8% |
| Furniture and vehicles | 24 | €716 | €358 | -€358 | -50.0% |
| Other tangible fixed assets | 26 | €9,066 | €8,563 | -€504 | -5.6% |
| Financial fixed assets | 28 | €200 | €2,995 | +€2,795 | +1,398% |
| Current assets | 29/58 | €893,758 | €996,136 | +€102,377 | +11.5% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €562,833 | €629,314 | +€66,481 | +11.8% |
| Trade receivables | 40 | €30,662 | €31,937 | +€1,275 | +4.2% |
| Other amounts receivable | 41 | €532,171 | €597,377 | +€65,206 | +12.3% |
| Cash at bank and in hand | 54/58 | €32,826 | €33,838 | +€1,012 | +3.1% |
| Deferred charges and accrued income | 490/1 | €198,099 | €232,984 | +€34,885 | +17.6% |
| Total equity and liabilities | 10/49 | €903,741 | €1,008,051 | +€104,311 | +11.5% |
| Equity | 10/15 | €721,093 | €834,862 | +€113,768 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,810 | €54,810 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,950 | €2,950 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €647,684 | €761,452 | +€113,768 | +17.6% |
| Amounts payable | 17/49 | €182,647 | €173,190 | -€9,458 | -5.2% |
| Amounts payable within one year | 42/48 | €182,647 | €173,190 | -€9,458 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €65,491 | - | -€65,491 | |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €1,427 | €2,946 | +€1,519 | +106% |
| Suppliers | 440/4 | €1,427 | €2,946 | +€1,519 | +106% |
| Taxes, remuneration and social security | 45 | €35,230 | €95,244 | +€60,014 | +170% |
| Taxes | 450/3 | €35,230 | €95,244 | +€60,014 | +170% |
| Other amounts payable | 47/48 | €5,500 | - | -€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €862 | €862 | = | 0.0% |
| Other operating charges | 640/8 | €374 | €3,356 | +€2,982 | +797% |
| Gross operating margin | 9900 | €133,765 | €133,774 | +€9 | 0.0% |
| Operating profit (loss) | 9901 | €132,529 | €129,556 | -€2,973 | -2.2% |
| Financial income | 75/76B | €34,682 | €34,116 | -€566 | -1.6% |
| Recurring financial income | 75 | €34,682 | €34,116 | -€566 | -1.6% |
| Financial charges | 65/66B | €891 | €5,702 | +€4,812 | +540% |
| Recurring financial charges | 65 | €891 | €5,702 | +€4,812 | +540% |
| Profit (loss) for the period before taxes | 9903 | €166,321 | €157,970 | -€8,351 | -5.0% |
| Income taxes | 67/77 | €43,210 | €44,201 | +€992 | +2.3% |
| Profit (loss) for the period | 9904 | €123,111 | €113,768 | -€9,343 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €123,111 | €113,768 | -€9,343 | -7.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.