BETHOLD: 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.
BETHOLD
Largest movements
- Financial fixed assets -€486,980
down €486,980 (-36.1%), from €1.3m to €861,872
- Cash +€356,588
up €356,588 (+10153.9%), from €3,512 to €360,100
mainly Investment in fixed assets (net) (+€486,980) and Net result for the year (+€208,880)
- Receivables within one year +€166,362
up €166,362 (+8525.3%), from €1,951 to €168,314
of which Other amounts receivable: +€165,394
- Profit (loss) carried forward +€108,880
up €108,880 (+15.7%), from €691,514 to €800,395
- Debts after one year -€85,923
no longer reported in 2025 (was €85,923)
- Current portion of long-term debt -€60,259
down €60,259 (-41.2%), from €146,182 to €85,923
- Other debts +€47,000
up €47,000 (+41.2%), from €114,188 to €161,188
- Tax, wage and social debts +€25,513
up €25,513 (+1346.4%), from €1,895 to €27,408
- Financial income +€115,355
up €115,355 (+115.4%), from €100,000 to €215,355
- Taxes +€26,131
up €26,131 (+471.0%), from €5,549 to €31,679
- Gross operating margin +€1,540
up €1,540 (+5.7%), from €26,894 to €28,434
- Financial charges -€1,400
down €1,400 (-43.9%), from €3,192 to €1,792
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 | €1,354,315 | €1,390,286 | +€35,970 | +2.7% |
| Fixed assets | 21/28 | €1,348,852 | €861,872 | -€486,980 | -36.1% |
| Financial fixed assets | 28 | €1,348,852 | €861,872 | -€486,980 | -36.1% |
| Current assets | 29/58 | €5,463 | €528,414 | +€522,950 | +9572.1% |
| Amounts receivable within one year | 40/41 | €1,951 | €168,314 | +€166,362 | +8525.3% |
| Trade receivables | 40 | - | €968 | +€968 | |
| Other amounts receivable | 41 | €1,951 | €167,346 | +€165,394 | +8475.7% |
| Cash at bank and in hand | 54/58 | €3,512 | €360,100 | +€356,588 | +10153.9% |
| Total equity and liabilities | 10/49 | €1,354,315 | €1,390,286 | +€35,970 | +2.7% |
| Equity | 10/15 | €991,514 | €1,100,395 | +€108,880 | +11.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €691,514 | €800,395 | +€108,880 | +15.7% |
| Amounts payable | 17/49 | €362,801 | €289,891 | -€72,910 | -20.1% |
| Amounts payable after more than one year | 17 | €85,923 | - | -€85,923 | |
| Financial debts | 170/4 | €85,923 | - | -€85,923 | |
| Amounts payable within one year | 42/48 | €262,748 | €275,567 | +€12,818 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €146,182 | €85,923 | -€60,259 | -41.2% |
| Trade debts | 44 | €484 | €1,048 | +€564 | +116.6% |
| Suppliers | 440/4 | €484 | €1,048 | +€564 | +116.6% |
| Taxes, remuneration and social security | 45 | €1,895 | €27,408 | +€25,513 | +1346.4% |
| Taxes | 450/3 | €1,895 | €27,408 | +€25,513 | +1346.4% |
| Other amounts payable | 47/48 | €114,188 | €161,188 | +€47,000 | +41.2% |
| Accrued charges and deferred income | 492/3 | €14,129 | €14,324 | +€195 | +1.4% |
| Other operating charges | 640/8 | €1,508 | €1,438 | -€70 | -4.7% |
| Gross operating margin | 9900 | €26,894 | €28,434 | +€1,540 | +5.7% |
| Operating profit (loss) | 9901 | €25,386 | €26,996 | +€1,610 | +6.3% |
| Financial income | 75/76B | €100,000 | €215,355 | +€115,355 | +115.4% |
| Recurring financial income | 75 | €100,000 | €215,355 | +€115,355 | +115.4% |
| Financial charges | 65/66B | €3,192 | €1,792 | -€1,400 | -43.9% |
| Recurring financial charges | 65 | €3,192 | €1,792 | -€1,400 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €122,194 | €240,560 | +€118,366 | +96.9% |
| Income taxes | 67/77 | €5,549 | €31,679 | +€26,131 | +471.0% |
| Profit (loss) for the period | 9904 | €116,646 | €208,880 | +€92,235 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,646 | €208,880 | +€92,235 | +79.1% |
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 7 October 2026 via checked.be.