BETIMMO: 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.
BETIMMO
Largest movements
- Receivables within one year +€4.8m
up €4.8m (+260%), from €1.9m to €6.7m
of which Other amounts receivable: +€4.9m
- Tangible fixed assets -€358,307
down €358,307 (-6.8%), from €5.3m to €4.9m
of which Land and buildings: -€311,644
- Cash -€306,657
down €306,657 (-81.9%), from €374,597 to €67,940
mainly Receivables within one year (-€4.8m) and Contributions, distributions and other (-€1.8m)
- Debts after one year +€6.6m
up €6.6m (+630%), from €1.0m to €7.6m
- Reserves -€1.5m
down €1.5m (-48.2%), from €3.2m to €1.6m
of which Non-distributable reserves: -€2.9m
- Revaluation surpluses -€1.4m
down €1.4m (-67.6%), from €2.1m to €666,157
- Profit (loss) carried forward +€1.1m
up €1.1m, from -€1.1m to €0
- Current portion of long-term debt -€761,079
down €761,079 (-67.9%), from €1.1m to €359,841
- Gross operating margin +€53,960
up €53,960 (+9.8%), from €549,329 to €603,289
- Financial charges +€30,563
up €30,563 (+26.4%), from €115,573 to €146,136
- Other operating charges -€10,186
down €10,186 (-12.4%), from €82,381 to €72,195
- Financial income -€7,443
down €7,443 (-63.3%), from €11,759 to €4,315
- Staff costs -€6,038
down €6,038 (-100%), from €6,038 to €0
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 | €7,597,831 | €11,654,623 | +€4.1m | +53.4% |
| Fixed assets | 21/28 | €5,320,069 | €4,911,762 | -€408,307 | -7.7% |
| Tangible fixed assets | 22/27 | €5,270,069 | €4,911,762 | -€358,307 | -6.8% |
| Land and buildings | 22 | €5,223,406 | €4,911,762 | -€311,644 | -6.0% |
| Furniture and vehicles | 24 | €46,663 | €0 | -€46,663 | -100% |
| Financial fixed assets | 28 | €50,000 | €0 | -€50,000 | -100% |
| Current assets | 29/58 | €2,277,762 | €6,742,861 | +€4.5m | +196% |
| Stocks and contracts in progress | 3 | €50,250 | €250 | -€50,000 | -99.5% |
| Stocks | 30/36 | €50,250 | €250 | -€50,000 | -99.5% |
| Amounts receivable within one year | 40/41 | €1,852,915 | €6,674,671 | +€4.8m | +260% |
| Trade receivables | 40 | €77,466 | €19,194 | -€58,272 | -75.2% |
| Other amounts receivable | 41 | €1,775,449 | €6,655,477 | +€4.9m | +275% |
| Cash at bank and in hand | 54/58 | €374,597 | €67,940 | -€306,657 | -81.9% |
| Total equity and liabilities | 10/49 | €7,597,831 | €11,654,623 | +€4.1m | +53.4% |
| Equity | 10/15 | €5,386,556 | €3,597,669 | -€1.8m | -33.2% |
| Contributions | 10/11 | €1,240,000 | €1,240,000 | = | 0.0% |
| Capital | 10 | €1,240,000 | €1,240,000 | = | 0.0% |
| Issued capital | 100 | €1,240,000 | €1,240,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,058,400 | €666,157 | -€1.4m | -67.6% |
| Reserves | 13 | €3,151,273 | €1,631,977 | -€1.5m | -48.2% |
| Non-distributable reserves | 130/1 | €2,955,403 | €26,959 | -€2.9m | -99.1% |
| Legal reserve | 130 | €26,959 | €26,959 | = | 0.0% |
| Other | 1319 | €2,928,444 | €0 | -€2.9m | -100% |
| Tax-exempt reserves | 132 | €9,941 | €0 | -€9,941 | -100% |
| Distributable reserves | 133 | €185,930 | €1,605,018 | +€1.4m | +763% |
| Profit (loss) carried forward | 14 | -€1,126,374 | €0 | +€1.1m | |
| Investment grants | 15 | €63,256 | €59,535 | -€3,721 | -5.9% |
| Amounts payable | 17/49 | €2,211,275 | €8,056,954 | +€5.8m | +264% |
| Amounts payable after more than one year | 17 | €1,046,385 | €7,640,159 | +€6.6m | +630% |
| Financial debts | 170/4 | €1,046,385 | €7,640,159 | +€6.6m | +630% |
| Amounts payable within one year | 42/48 | €1,159,131 | €401,590 | -€757,540 | -65.4% |
| Current portion of amounts payable after more than one year | 42 | €1,120,919 | €359,841 | -€761,079 | -67.9% |
| Trade debts | 44 | €37,688 | €41,531 | +€3,844 | +10.2% |
| Suppliers | 440/4 | €37,688 | €41,531 | +€3,844 | +10.2% |
| Taxes, remuneration and social security | 45 | €524 | €218 | -€305 | -58.3% |
| Taxes | 450/3 | €72 | €218 | +€146 | +201% |
| Remuneration and social security | 454/9 | €451 | €0 | -€451 | -100% |
| Accrued charges and deferred income | 492/3 | €5,760 | €15,205 | +€9,445 | +164% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €6,038 | €0 | -€6,038 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315,714 | €320,088 | +€4,374 | +1.4% |
| Other operating charges | 640/8 | €82,381 | €72,195 | -€10,186 | -12.4% |
| Non-recurring operating charges | 66A | - | €75,414 | +€75,414 | |
| Gross operating margin | 9900 | €549,329 | €603,289 | +€53,960 | +9.8% |
| Operating profit (loss) | 9901 | €145,197 | €135,591 | -€9,606 | -6.6% |
| Financial income | 75/76B | €11,759 | €4,315 | -€7,443 | -63.3% |
| Recurring financial income | 75 | €11,759 | €4,315 | -€7,443 | -63.3% |
| Financial charges | 65/66B | €115,573 | €146,136 | +€30,563 | +26.4% |
| Recurring financial charges | 65 | €115,573 | €146,136 | +€30,563 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €41,383 | -€6,229 | -€47,612 | |
| Income taxes | 67/77 | €72 | €146 | +€73 | +101% |
| Profit (loss) for the period | 9904 | €41,310 | -€6,375 | -€47,685 | |
| Transfer from tax-exempt reserves | 789 | - | €9,941 | +€9,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,310 | €3,566 | -€37,745 | -91.4% |
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 30 October 2026 via checked.be.