BETEXA: 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.
BETEXA
Largest movements
- Tangible fixed assets +€471,439
up €471,439 (+111%), from €424,564 to €896,003
of which Land and buildings: +€468,044
- Cash -€329,778
down €329,778 (-67.3%), from €490,221 to €160,443
mainly Investment in fixed assets (net) (-€498,520) and Other debts (-€10,000)
- Receivables within one year -€23,628
down €23,628 (-17.4%), from €135,721 to €112,093
of which Trade receivables: -€20,225
- Reserves +€109,340
up €109,340 (+11.3%), from €969,680 to €1.1m
of which Distributable reserves: +€109,340
- Tax, wage and social debts +€13,381
up €13,381 (+28.7%), from €46,695 to €60,076
- Gross operating margin -€19,884
down €19,884 (-9.7%), from €204,972 to €185,088
- Purchases and services +€13,214
up €13,214 (+8.7%), from €151,286 to €164,500
- Depreciation +€11,794
up €11,794 (+77.2%), from €15,287 to €27,081
- Taxes -€10,102
down €10,102 (-17.8%), from €56,757 to €46,655
- Turnover -€6,670
down €6,670 (-1.9%), from €356,258 to €349,588
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 | €1,051,614 | €1,169,950 | +€118,337 | +11.3% |
| Fixed assets | 21/28 | €424,564 | €896,003 | +€471,439 | +111% |
| Tangible fixed assets | 22/27 | €424,564 | €896,003 | +€471,439 | +111% |
| Land and buildings | 22 | €421,275 | €889,320 | +€468,044 | +111% |
| Furniture and vehicles | 24 | €3,288 | €6,683 | +€3,395 | +103% |
| Current assets | 29/58 | €627,050 | €273,947 | -€353,102 | -56.3% |
| Stocks and contracts in progress | 3 | €20 | €20 | = | 0.0% |
| Stocks | 30/36 | €20 | €20 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €135,721 | €112,093 | -€23,628 | -17.4% |
| Trade receivables | 40 | €128,121 | €107,896 | -€20,225 | -15.8% |
| Other amounts receivable | 41 | €7,601 | €4,197 | -€3,404 | -44.8% |
| Cash at bank and in hand | 54/58 | €490,221 | €160,443 | -€329,778 | -67.3% |
| Deferred charges and accrued income | 490/1 | €1,088 | €1,391 | +€303 | +27.9% |
| Total equity and liabilities | 10/49 | €1,051,614 | €1,169,950 | +€118,337 | +11.3% |
| Equity | 10/15 | €991,728 | €1,101,073 | +€109,346 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €969,680 | €1,079,020 | +€109,340 | +11.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €967,820 | €1,077,160 | +€109,340 | +11.3% |
| Profit (loss) carried forward | 14 | €3,448 | €3,453 | +€6 | +0.2% |
| Amounts payable | 17/49 | €59,886 | €68,877 | +€8,991 | +15.0% |
| Amounts payable within one year | 42/48 | €59,886 | €68,877 | +€8,991 | +15.0% |
| Trade debts | 44 | €691 | €6,301 | +€5,610 | +812% |
| Suppliers | 440/4 | €691 | €6,301 | +€5,610 | +812% |
| Taxes, remuneration and social security | 45 | €46,695 | €60,076 | +€13,381 | +28.7% |
| Taxes | 450/3 | €46,695 | €60,076 | +€13,381 | +28.7% |
| Other amounts payable | 47/48 | €12,500 | €2,500 | -€10,000 | -80.0% |
| Turnover | 70 | €356,258 | €349,588 | -€6,670 | -1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €151,286 | €164,500 | +€13,214 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,287 | €27,081 | +€11,794 | +77.2% |
| Other operating charges | 640/8 | €2,678 | €3,426 | +€749 | +28.0% |
| Gross operating margin | 9900 | €204,972 | €185,088 | -€19,884 | -9.7% |
| Operating profit (loss) | 9901 | €187,007 | €154,581 | -€32,427 | -17.3% |
| Financial income | 75/76B | €522 | €2,165 | +€1,643 | +315% |
| Recurring financial income | 75 | €522 | €2,165 | +€1,643 | +315% |
| Financial charges | 65/66B | €188 | €745 | +€558 | +297% |
| Recurring financial charges | 65 | €188 | €745 | +€558 | +297% |
| Profit (loss) for the period before taxes | 9903 | €187,342 | €156,000 | -€31,341 | -16.7% |
| Income taxes | 67/77 | €56,757 | €46,655 | -€10,102 | -17.8% |
| Profit (loss) for the period | 9904 | €130,585 | €109,346 | -€21,239 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €130,585 | €109,346 | -€21,239 | -16.3% |
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 29 October 2026 via checked.be.