BETHIMA: 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.
BETHIMA
Largest movements
- Tangible fixed assets +€19,705
up €19,705 (+464%), from €4,247 to €23,952
of which Other tangible fixed assets: +€17,909
- Cash +€18,737
up €18,737 (+110%), from €17,081 to €35,818
mainly Net result for the year (+€49,546) and Other debts (+€11,334)
- Financial fixed assets -€3,000
no longer reported in 2025 (was €3,000)
- Receivables within one year +€2,447
up €2,447 (+18.5%), from €13,248 to €15,694
of which Trade receivables: +€3,413
- Current investments +€2,000
new in 2025: €2,000
- Profit (loss) carried forward +€35,296
up €35,296, from -€35,199 to €97
- Other debts +€11,334
up €11,334 (+42.2%), from €26,872 to €38,207
- Debts after one year -€6,639
down €6,639 (-74.6%), from €8,900 to €2,261
- Gross operating margin +€102,433
up €102,433, from -€32,686 to €69,747
- Taxes +€7,916
up €7,916, from -€593 to €7,324
- Depreciation +€4,873
up €4,873 (+386%), from €1,264 to €6,136
- Other operating charges +€3,964
up €3,964 (+1,023%), from €387 to €4,351
- Financial income +€1,114
new in 2025: €1,114
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 | €37,713 | €77,621 | +€39,908 | +106% |
| Fixed assets | 21/28 | €7,247 | €23,952 | +€16,705 | +231% |
| Tangible fixed assets | 22/27 | €4,247 | €23,952 | +€19,705 | +464% |
| Plant, machinery and equipment | 23 | €4,247 | €6,043 | +€1,796 | +42.3% |
| Other tangible fixed assets | 26 | - | €17,909 | +€17,909 | |
| Financial fixed assets | 28 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €30,466 | €53,669 | +€23,203 | +76.2% |
| Amounts receivable within one year | 40/41 | €13,248 | €15,694 | +€2,447 | +18.5% |
| Trade receivables | 40 | €12,282 | €15,694 | +€3,413 | +27.8% |
| Other amounts receivable | 41 | €966 | - | -€966 | |
| Current investments | 50/53 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €17,081 | €35,818 | +€18,737 | +110% |
| Deferred charges and accrued income | 490/1 | €137 | €156 | +€19 | +14.2% |
| Total equity and liabilities | 10/49 | €37,713 | €77,621 | +€39,908 | +106% |
| Equity | 10/15 | -€14,739 | €20,557 | +€35,296 | |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,199 | €97 | +€35,296 | |
| Amounts payable | 17/49 | €52,452 | €57,064 | +€4,612 | +8.8% |
| Amounts payable after more than one year | 17 | €8,900 | €2,261 | -€6,639 | -74.6% |
| Financial debts | 170/4 | €8,900 | €2,261 | -€6,639 | -74.6% |
| Amounts payable within one year | 42/48 | €43,551 | €54,803 | +€11,251 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €6,430 | €6,639 | +€210 | +3.3% |
| Trade debts | 44 | €2,037 | €1,628 | -€409 | -20.1% |
| Suppliers | 440/4 | €2,037 | €1,628 | -€409 | -20.1% |
| Taxes, remuneration and social security | 45 | €8,213 | €8,329 | +€116 | +1.4% |
| Taxes | 450/3 | €8,213 | €8,329 | +€116 | +1.4% |
| Other amounts payable | 47/48 | €26,872 | €38,207 | +€11,334 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,264 | €6,136 | +€4,873 | +386% |
| Other operating charges | 640/8 | €387 | €4,351 | +€3,964 | +1,023% |
| Gross operating margin | 9900 | -€32,686 | €69,747 | +€102,433 | |
| Operating profit (loss) | 9901 | -€34,337 | €59,260 | +€93,597 | |
| Financial income | 75/76B | - | €1,114 | +€1,114 | |
| Recurring financial income | 75 | - | €1,114 | +€1,114 | |
| Financial charges | 65/66B | €2,830 | €3,504 | +€675 | +23.8% |
| Recurring financial charges | 65 | €2,830 | €3,504 | +€675 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | -€37,167 | €56,869 | +€94,036 | |
| Income taxes | 67/77 | -€593 | €7,324 | +€7,916 | |
| Profit (loss) for the period | 9904 | -€36,574 | €49,546 | +€86,120 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,574 | €49,546 | +€86,120 |
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 16 October 2026 via checked.be.