BETEX: 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.
BETEX
Largest movements
- Receivables within one year +€209,411
up €209,411 (+337%), from €62,174 to €271,585
of which Other amounts receivable: +€235,593
- Cash -€62,626
down €62,626 (-22.9%), from €273,922 to €211,296
mainly Receivables within one year (-€209,411) and Contributions, distributions and other (-€115,000)
- Trade debts +€186,765
up €186,765 (+2,301%), from €8,118 to €194,883
- Other debts -€33,521
down €33,521 (-21.5%), from €155,577 to €122,057
- Tax, wage and social debts -€6,068
down €6,068 (-19.2%), from €31,624 to €25,556
of which Taxes: -€3,510
- Gross operating margin -€20,456
down €20,456 (-6.5%), from €314,615 to €294,159
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 | €423,501 | €572,262 | +€148,762 | +35.1% |
| Fixed assets | 21/28 | €68,870 | €71,008 | +€2,138 | +3.1% |
| Tangible fixed assets | 22/27 | €68,870 | €71,008 | +€2,138 | +3.1% |
| Land and buildings | 22 | €67,634 | €56,206 | -€11,429 | -16.9% |
| Plant, machinery and equipment | 23 | €1,236 | €14,802 | +€13,566 | +1,098% |
| Current assets | 29/58 | €354,630 | €501,255 | +€146,624 | +41.3% |
| Amounts receivable within one year | 40/41 | €62,174 | €271,585 | +€209,411 | +337% |
| Trade receivables | 40 | €61,504 | €35,321 | -€26,183 | -42.6% |
| Other amounts receivable | 41 | €670 | €236,264 | +€235,593 | +35,155% |
| Cash at bank and in hand | 54/58 | €273,922 | €211,296 | -€62,626 | -22.9% |
| Deferred charges and accrued income | 490/1 | €18,534 | €18,374 | -€160 | -0.9% |
| Total equity and liabilities | 10/49 | €423,501 | €572,262 | +€148,762 | +35.1% |
| Equity | 10/15 | €227,883 | €229,767 | +€1,885 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €78,051 | €78,051 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,191 | €76,191 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,631 | €145,516 | +€1,885 | +1.3% |
| Amounts payable | 17/49 | €195,618 | €342,495 | +€146,877 | +75.1% |
| Amounts payable within one year | 42/48 | €195,319 | €342,495 | +€147,176 | +75.4% |
| Trade debts | 44 | €8,118 | €194,883 | +€186,765 | +2,301% |
| Suppliers | 440/4 | €8,118 | €194,883 | +€186,765 | +2,301% |
| Taxes, remuneration and social security | 45 | €31,624 | €25,556 | -€6,068 | -19.2% |
| Taxes | 450/3 | €11,884 | €8,374 | -€3,510 | -29.5% |
| Remuneration and social security | 454/9 | €19,739 | €17,182 | -€2,557 | -13.0% |
| Other amounts payable | 47/48 | €155,577 | €122,057 | -€33,521 | -21.5% |
| Accrued charges and deferred income | 492/3 | €299 | €0 | -€299 | -100% |
| Remuneration, social security and pensions | 62 | €155,184 | €154,149 | -€1,035 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,162 | €17,068 | +€2,906 | +20.5% |
| Other operating charges | 640/8 | €6,361 | €4,459 | -€1,902 | -29.9% |
| Gross operating margin | 9900 | €314,615 | €294,159 | -€20,456 | -6.5% |
| Operating profit (loss) | 9901 | €138,908 | €118,482 | -€20,426 | -14.7% |
| Financial income | 75/76B | €686 | €225 | -€461 | -67.2% |
| Recurring financial income | 75 | €686 | €225 | -€461 | -67.2% |
| Financial charges | 65/66B | €2,101 | €785 | -€1,316 | -62.6% |
| Recurring financial charges | 65 | €2,101 | €785 | -€1,316 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €137,493 | €117,922 | -€19,571 | -14.2% |
| Income taxes | 67/77 | €1,254 | €1,037 | -€216 | -17.3% |
| Profit (loss) for the period | 9904 | €136,239 | €116,885 | -€19,354 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €136,239 | €116,885 | -€19,354 | -14.2% |
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 26 October 2026 via checked.be.