BETHOS ENGINEERING: 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.
BETHOS ENGINEERING
Largest movements
- Receivables within one year -€9,180
down €9,180 (-14.3%), from €64,085 to €54,904
of which Trade receivables: -€11,570
- Tangible fixed assets -€8,709
down €8,709 (-3.9%), from €221,822 to €213,112
of which Land and buildings: -€9,984
- Cash +€4,990
up €4,990 (+7.3%), from €68,384 to €73,374
mainly Depreciation (+€14,032) and Receivables within one year (+€9,180)
- Debts after one year -€13,095
down €13,095 (-5.9%), from €222,910 to €209,815
- Other debts +€8,527
up €8,527 (+25.2%), from €33,885 to €42,412
- Tax, wage and social debts -€6,669
down €6,669 (-26.9%), from €24,795 to €18,126
of which Taxes: -€5,363
- Gross operating margin -€14,928
down €14,928 (-15.9%), from €94,130 to €79,202
- Depreciation -€6,931
down €6,931 (-33.1%), from €20,963 to €14,032
- Staff costs +€3,385
up €3,385 (+6.3%), from €53,342 to €56,727
- Taxes -€2,378
down €2,378 (-74.6%), from €3,188 to €810
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 | €358,490 | €347,444 | -€11,047 | -3.1% |
| Fixed assets | 21/28 | €223,622 | €214,912 | -€8,709 | -3.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €221,822 | €213,112 | -€8,709 | -3.9% |
| Land and buildings | 22 | €216,311 | €206,327 | -€9,984 | -4.6% |
| Furniture and vehicles | 24 | €3,817 | €1,649 | -€2,168 | -56.8% |
| Other tangible fixed assets | 26 | €1,694 | €5,137 | +€3,443 | +203% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €134,869 | €132,531 | -€2,337 | -1.7% |
| Amounts receivable within one year | 40/41 | €64,085 | €54,904 | -€9,180 | -14.3% |
| Trade receivables | 40 | €62,273 | €50,703 | -€11,570 | -18.6% |
| Other amounts receivable | 41 | €1,812 | €4,201 | +€2,389 | +132% |
| Cash at bank and in hand | 54/58 | €68,384 | €73,374 | +€4,990 | +7.3% |
| Deferred charges and accrued income | 490/1 | €2,400 | €4,253 | +€1,852 | +77.2% |
| Total equity and liabilities | 10/49 | €358,490 | €347,444 | -€11,047 | -3.1% |
| Equity | 10/15 | €56,107 | €55,309 | -€798 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,507 | €36,709 | -€798 | -2.1% |
| Non-distributable reserves | 130/1 | €290 | €290 | = | 0.0% |
| Reserves not available under the articles | 1311 | €290 | €290 | = | 0.0% |
| Distributable reserves | 133 | €37,217 | €36,419 | -€798 | -2.1% |
| Amounts payable | 17/49 | €302,383 | €292,135 | -€10,248 | -3.4% |
| Amounts payable after more than one year | 17 | €222,910 | €209,815 | -€13,095 | -5.9% |
| Financial debts | 170/4 | €222,910 | €209,815 | -€13,095 | -5.9% |
| Amounts payable within one year | 42/48 | €79,473 | €82,320 | +€2,847 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €12,950 | €13,095 | +€145 | +1.1% |
| Trade debts | 44 | €7,843 | €8,687 | +€844 | +10.8% |
| Suppliers | 440/4 | €7,843 | €8,687 | +€844 | +10.8% |
| Taxes, remuneration and social security | 45 | €24,795 | €18,126 | -€6,669 | -26.9% |
| Taxes | 450/3 | €10,641 | €5,278 | -€5,363 | -50.4% |
| Remuneration and social security | 454/9 | €14,154 | €12,848 | -€1,306 | -9.2% |
| Other amounts payable | 47/48 | €33,885 | €42,412 | +€8,527 | +25.2% |
| Remuneration, social security and pensions | 62 | €53,342 | €56,727 | +€3,385 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,963 | €14,032 | -€6,931 | -33.1% |
| Other operating charges | 640/8 | €3,117 | €3,128 | +€11 | +0.4% |
| Gross operating margin | 9900 | €94,130 | €79,202 | -€14,928 | -15.9% |
| Operating profit (loss) | 9901 | €16,709 | €5,315 | -€11,393 | -68.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,449 | €5,304 | -€145 | -2.7% |
| Recurring financial charges | 65 | €5,449 | €5,304 | -€145 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €11,260 | €12 | -€11,248 | -99.9% |
| Income taxes | 67/77 | €3,188 | €810 | -€2,378 | -74.6% |
| Profit (loss) for the period | 9904 | €8,072 | -€798 | -€8,870 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,072 | -€798 | -€8,870 |
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 13 October 2026 via checked.be.