BETNAHRIN: 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.
BETNAHRIN
Largest movements
- Stocks and contracts -€487,987
no longer reported in 2025 (was €487,987)
- Receivables within one year -€229,692
down €229,692 (-85.1%), from €269,990 to €40,298
of which Other amounts receivable: -€231,008
- Cash +€195,896
up €195,896 (+1,011%), from €19,371 to €215,267
mainly Stocks and contracts (+€487,987) and Net result for the year (+€245,300)
- Short-term financial debts -€395,731
no longer reported in 2025 (was €395,731)
- Provisions -€380,000
no longer reported in 2025 (was €380,000)
- Reserves +€129,668
up €129,668 (+229%), from €56,745 to €186,413
- Profit (loss) carried forward +€115,632
no longer reported in 2025 (was -€115,632)
- Gross operating margin +€271,493
up €271,493 (+335%), from €81,130 to €352,624
- Staff costs -€35,762
down €35,762 (-65.2%), from €54,821 to €19,059
- Other operating charges +€26,582
up €26,582 (+191%), from €13,932 to €40,514
- Taxes +€13,751
up €13,751 (+5,340%), from €258 to €14,008
- Financial charges -€8,012
down €8,012 (-17.2%), from €46,604 to €38,591
of which Financial charges: -€23,012
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 | €902,874 | €389,796 | -€513,078 | -56.8% |
| Current assets | 29/58 | €902,874 | €389,796 | -€513,078 | -56.8% |
| Amounts receivable after more than one year | 29 | €124,774 | €128,962 | +€4,189 | +3.4% |
| Other amounts receivable | 291 | €124,774 | €128,962 | +€4,189 | +3.4% |
| Stocks and contracts in progress | 3 | €487,987 | - | -€487,987 | |
| Stocks | 30/36 | €487,987 | - | -€487,987 | |
| Amounts receivable within one year | 40/41 | €269,990 | €40,298 | -€229,692 | -85.1% |
| Trade receivables | 40 | €21 | €1,337 | +€1,316 | +6,126% |
| Other amounts receivable | 41 | €269,968 | €38,960 | -€231,008 | -85.6% |
| Cash at bank and in hand | 54/58 | €19,371 | €215,267 | +€195,896 | +1,011% |
| Deferred charges and accrued income | 490/1 | €753 | €5,269 | +€4,516 | +600% |
| Total equity and liabilities | 10/49 | €902,874 | €389,796 | -€513,078 | -56.8% |
| Equity | 10/15 | -€52,687 | €192,613 | +€245,300 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €56,745 | €186,413 | +€129,668 | +229% |
| Distributable reserves | 133 | €56,745 | €186,413 | +€129,668 | +229% |
| Profit (loss) carried forward | 14 | -€115,632 | - | +€115,632 | |
| Provisions and deferred taxes | 16 | €380,000 | - | -€380,000 | |
| Provisions for liabilities and charges | 160/5 | €380,000 | - | -€380,000 | |
| Other liabilities and charges | 164/5 | €380,000 | - | -€380,000 | |
| Amounts payable | 17/49 | €575,560 | €197,183 | -€378,378 | -65.7% |
| Amounts payable after more than one year | 17 | €150,447 | €155,004 | +€4,558 | +3.0% |
| Financial debts | 170/4 | €150,447 | €155,004 | +€4,558 | +3.0% |
| Amounts payable within one year | 42/48 | €424,372 | €41,504 | -€382,867 | -90.2% |
| Current portion of amounts payable after more than one year | 42 | €8,202 | €12,163 | +€3,962 | +48.3% |
| Financial debts | 43 | €395,731 | - | -€395,731 | |
| Credit institutions | 430/8 | €395,731 | - | -€395,731 | |
| Trade debts | 44 | €46 | €4,365 | +€4,319 | +9,382% |
| Suppliers | 440/4 | €46 | €4,365 | +€4,319 | +9,382% |
| Taxes, remuneration and social security | 45 | €6,187 | €12,476 | +€6,288 | +102% |
| Taxes | 450/3 | €5,538 | €8,351 | +€2,813 | +50.8% |
| Remuneration and social security | 454/9 | €649 | €4,125 | +€3,476 | +535% |
| Other amounts payable | 47/48 | €14,206 | €12,500 | -€1,706 | -12.0% |
| Accrued charges and deferred income | 492/3 | €742 | €674 | -€68 | -9.2% |
| Non-recurring operating income | 76A | - | €380,000 | +€380,000 | |
| Remuneration, social security and pensions | 62 | €54,821 | €19,059 | -€35,762 | -65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155 | - | -€155 | |
| Other operating charges | 640/8 | €13,932 | €40,514 | +€26,582 | +191% |
| Gross operating margin | 9900 | €81,130 | €352,624 | +€271,493 | +335% |
| Operating profit (loss) | 9901 | €12,222 | €293,052 | +€280,829 | +2,298% |
| Financial income | 75/76B | €5,062 | €4,848 | -€214 | -4.2% |
| Recurring financial income | 75 | €5,062 | €4,848 | -€214 | -4.2% |
| Financial charges | 65/66B | €46,604 | €38,591 | -€8,012 | -17.2% |
| Recurring financial charges | 65 | €46,604 | €23,591 | -€23,012 | -49.4% |
| Non-recurring financial charges | 66B | - | €15,000 | +€15,000 | |
| Profit (loss) for the period before taxes | 9903 | -€29,319 | €259,308 | +€288,627 | |
| Income taxes | 67/77 | €258 | €14,008 | +€13,751 | +5,340% |
| Profit (loss) for the period | 9904 | -€29,577 | €245,300 | +€274,876 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,577 | €245,300 | +€274,876 |
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.