Bethune Invest: 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.
Bethune Invest
Largest movements
- Tangible fixed assets +€506,564
up €506,564 (+18.8%), from €2.7m to €3.2m
of which Land and buildings: +€271,081
- Receivables within one year -€302,705
down €302,705 (-55.8%), from €542,568 to €239,863
of which Other amounts receivable: -€266,405
- Current investments +€209,670
up €209,670 (+2.6%), from €8.1m to €8.4m
- Other debts +€280,878
up €280,878 (+6.7%), from €4.2m to €4.5m
- Financial income -€4.0m
down €4.0m (-97.4%), from €4.1m to €106,649
- Financial charges +€141,166
up €141,166 (+89.5%), from €157,808 to €298,974
- Taxes -€34,793
down €34,793 (-56.7%), from €61,309 to €26,517
- Depreciation +€29,452
up €29,452 (+52.1%), from €56,521 to €85,972
- Other operating charges +€20,417
up €20,417 (+887%), from €2,303 to €22,720
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 | €18,813,150 | €19,149,815 | +€336,665 | +1.8% |
| Fixed assets | 21/28 | €10,000,377 | €10,506,942 | +€506,564 | +5.1% |
| Tangible fixed assets | 22/27 | €2,695,215 | €3,201,780 | +€506,564 | +18.8% |
| Land and buildings | 22 | €1,908,572 | €2,179,652 | +€271,081 | +14.2% |
| Plant, machinery and equipment | 23 | €4,743 | €4,150 | -€593 | -12.5% |
| Assets under construction and advance payments | 27 | €781,900 | €1,017,977 | +€236,077 | +30.2% |
| Financial fixed assets | 28 | €7,305,162 | €7,305,162 | = | 0.0% |
| Current assets | 29/58 | €8,812,773 | €8,642,873 | -€169,900 | -1.9% |
| Amounts receivable within one year | 40/41 | €542,568 | €239,863 | -€302,705 | -55.8% |
| Trade receivables | 40 | €36,300 | €0 | -€36,300 | -100% |
| Other amounts receivable | 41 | €506,268 | €239,863 | -€266,405 | -52.6% |
| Current investments | 50/53 | €8,142,861 | €8,352,531 | +€209,670 | +2.6% |
| Cash at bank and in hand | 54/58 | €126,293 | €36,489 | -€89,804 | -71.1% |
| Deferred charges and accrued income | 490/1 | €1,051 | €13,990 | +€12,939 | +1,232% |
| Total equity and liabilities | 10/49 | €18,813,150 | €19,149,815 | +€336,665 | +1.8% |
| Equity | 10/15 | €14,239,140 | €14,316,412 | +€77,272 | +0.5% |
| Contributions | 10/11 | €4,304,732 | €4,304,732 | = | 0.0% |
| Reserves | 13 | €9,933,363 | €10,011,680 | +€78,317 | +0.8% |
| Distributable reserves | 133 | €9,933,363 | €10,011,680 | +€78,317 | +0.8% |
| Profit (loss) carried forward | 14 | €1,045 | €0 | -€1,045 | -100% |
| Amounts payable | 17/49 | €4,574,010 | €4,833,403 | +€259,393 | +5.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,361,408 | €4,536,200 | +€174,792 | +4.0% |
| Trade debts | 44 | €47,812 | €41,480 | -€6,332 | -13.2% |
| Suppliers | 440/4 | €47,812 | €41,480 | -€6,332 | -13.2% |
| Taxes, remuneration and social security | 45 | €106,057 | €6,304 | -€99,754 | -94.1% |
| Taxes | 450/3 | €106,057 | €6,304 | -€99,754 | -94.1% |
| Other amounts payable | 47/48 | €4,207,539 | €4,488,417 | +€280,878 | +6.7% |
| Accrued charges and deferred income | 492/3 | €212,602 | €297,203 | +€84,601 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,521 | €85,972 | +€29,452 | +52.1% |
| Other operating charges | 640/8 | €2,303 | €22,720 | +€20,417 | +887% |
| Gross operating margin | 9900 | €409,305 | €404,806 | -€4,500 | -1.1% |
| Operating profit (loss) | 9901 | €350,482 | €296,113 | -€54,369 | -15.5% |
| Financial income | 75/76B | €4,089,113 | €106,649 | -€4.0m | -97.4% |
| Recurring financial income | 75 | €4,089,113 | €106,649 | -€4.0m | -97.4% |
| Financial charges | 65/66B | €157,808 | €298,974 | +€141,166 | +89.5% |
| Recurring financial charges | 65 | €157,808 | €298,974 | +€141,166 | +89.5% |
| Profit (loss) for the period before taxes | 9903 | €4,281,787 | €103,789 | -€4.2m | -97.6% |
| Income taxes | 67/77 | €61,309 | €26,517 | -€34,793 | -56.7% |
| Profit (loss) for the period | 9904 | €4,220,477 | €77,272 | -€4.1m | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,220,477 | €77,272 | -€4.1m | -98.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.