Bethleem: what changed
Two fiscal 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.
Bethleem
Largest movements
- Current investments +€228,399
up €228,399 (+3.7%), from €6.1m to €6.4m
- Cash +€82,268
up €82,268 (+6.6%), from €1.3m to €1.3m
mainly Net result for the year (+€302,382) and Depreciation (+€7,097)
- Profit (loss) carried forward +€310,054
up €310,054 (+13.4%), from €2.3m to €2.6m
- Gross operating margin +€135,498
up €135,498, from -€7,918 to €127,579
- Financial charges -€113,687
down €113,687 (-81.8%), from €138,941 to €25,254
- Purchases and services +€48,097
new in 2025: €48,097
- Other operating charges -€22,279
down €22,279 (-25.8%), from €86,274 to €63,995
- Financial income +€20,278
up €20,278 (+7.2%), from €281,702 to €301,980
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.
Cash bridge derived
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 | €7,416,009 | €7,718,573 | +€302,564 | +4.1% |
| Fixed assets | 21/28 | €15,715 | €9,161 | -€6,555 | -41.7% |
| Tangible fixed assets | 22/27 | €15,715 | €9,161 | -€6,555 | -41.7% |
| Furniture and vehicles | 24 | €15,715 | €9,161 | -€6,555 | -41.7% |
| Current assets | 29/58 | €7,400,294 | €7,709,413 | +€309,119 | +4.2% |
| Current investments | 50/53 | €6,141,778 | €6,370,177 | +€228,399 | +3.7% |
| Cash at bank and in hand | 54/58 | €1,254,304 | €1,336,573 | +€82,268 | +6.6% |
| Deferred charges and accrued income | 490/1 | €4,211 | €2,663 | -€1,549 | -36.8% |
| Total equity and liabilities | 10/49 | €7,416,009 | €7,718,573 | +€302,564 | +4.1% |
| Equity | 10/15 | €7,407,647 | €7,710,030 | +€302,382 | +4.1% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Capital | 10 | €5,000,000 | €5,000,000 | = | 0.0% |
| Reserves | 13 | €100,830 | €93,158 | -€7,672 | -7.6% |
| Profit (loss) carried forward | 14 | €2,306,817 | €2,616,871 | +€310,054 | +13.4% |
| Amounts payable | 17/49 | €8,362 | €8,544 | +€182 | +2.2% |
| Amounts payable within one year | 42/48 | €8,362 | €8,544 | +€182 | +2.2% |
| Trade debts | 44 | €3,814 | €3,932 | +€118 | +3.1% |
| Suppliers | 440/4 | €3,814 | €3,932 | +€118 | +3.1% |
| Taxes, remuneration and social security | 45 | €4,548 | €4,612 | +€64 | +1.4% |
| Remuneration and social security | 454/9 | €4,548 | €4,612 | +€64 | +1.4% |
| Non-recurring operating income | 76A | - | €100,000 | +€100,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €48,097 | +€48,097 | |
| Remuneration, social security and pensions | 62 | €32,225 | €30,831 | -€1,394 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,828 | €7,097 | -€15,731 | -68.9% |
| Other operating charges | 640/8 | €86,274 | €63,995 | -€22,279 | -25.8% |
| Gross operating margin | 9900 | -€7,918 | €127,579 | +€135,498 | |
| Operating profit (loss) | 9901 | -€149,245 | €25,657 | +€174,902 | |
| Financial income | 75/76B | €281,702 | €301,980 | +€20,278 | +7.2% |
| Recurring financial income | 75 | €281,702 | €301,980 | +€20,278 | +7.2% |
| Financial charges | 65/66B | €138,941 | €25,254 | -€113,687 | -81.8% |
| Recurring financial charges | 65 | €138,941 | €25,254 | -€113,687 | -81.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,484 | €302,382 | +€308,866 | |
| Profit (loss) for the period | 9904 | -€6,484 | €302,382 | +€308,866 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,484 | €302,382 | +€308,866 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.