BETOCOR: 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.
What changed
BETOCOR
NACE 23.610, Manufacture of other non-metallic mineral products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€43,585
2024 · €18,013+€25,573
Equity
€1.8m
2024 · €1.8m+€43,585
Cash
€452,419
2024 · €1.1m-€643,007
Balance sheet total
€12.3m
2024 · €11.8m+€510,458
Largest movements
Assets
- Receivables within one year +€1.3m
up €1.3m (+18.1%), from €7.4m to €8.8m
of which Trade receivables: +€1.5m
- Cash -€643,007
down €643,007 (-58.7%), from €1.1m to €452,419
mainly Receivables within one year (-€1.3m) and Trade debts (-€292,362)
- Tangible fixed assets -€224,832
down €224,832 (-12.5%), from €1.8m to €1.6m
Equity and liabilities
- Short-term financial debts +€750,000
up €750,000 (+60.0%), from €1.3m to €2.0m
- Trade debts -€292,362
down €292,362 (-3.9%), from €7.4m to €7.1m
- Debts after one year -€187,727
down €187,727 (-23.4%), from €803,432 to €615,705
of which Financial debts: -€167,727
- Tax, wage and social debts +€136,461
up €136,461 (+50.4%), from €270,685 to €407,146
of which Taxes: +€81,124
Income statement
- Goods and materials +€3.9m
up €3.9m (+13.7%), from €28.5m to €32.4m
of which Purchases: +€4.0m
- Turnover +€3.8m
up €3.8m (+10.9%), from €35.1m to €38.9m
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.
Result 2024
€18,013
Turnover
+€3.8m
Other operating income
-€56,585
Goods and materials
-€3.9m
Services and other goods
+€61,667
Staff costs
-€183,949
Depreciation
-€47,225
Write-downs
-€92
Other operating charges
-€5,088
Other operating items
+€473,470
Financial income
-€38,367
Financial charges
-€48,952
Taxes
-€51,652
Result 2025
€43,585
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.
From operations
-€946,541
Investment
-€231,641
Financing
+€535,175
Cash 2024
€1.1m
From operations (derived)
-€946,541
Net result for the year
+€43,585
Depreciation
+€489,526
Stocks and contracts
-€83,309
Receivables within one year
-€1.3m
Deferred charges and accrued income
+€21,472
Trade debts
-€292,362
Tax, wage and social debts
+€136,461
Advances received
+€95,925
Accrued charges and deferred income
-€8,326
Investment (derived)
-€231,641
Investment in fixed assets (net)
-€231,641
Financing
+€535,175
Debts after one year
-€187,727
Current portion of long-term debt
-€27,098
Short-term financial debts
+€750,000
Cash 2025
€452,419
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,808,335 | €12,318,793 | +€510,458 | +4.3% |
| Fixed assets | 21/28 | €1,981,603 | €1,723,717 | -€257,886 | -13.0% |
| Intangible fixed assets | 21 | €148,529 | €115,611 | -€32,919 | -22.2% |
| Tangible fixed assets | 22/27 | €1,792,188 | €1,567,356 | -€224,832 | -12.5% |
| Land and buildings | 22 | €676,438 | €596,141 | -€80,297 | -11.9% |
| Plant, machinery and equipment | 23 | €421,928 | €415,541 | -€6,386 | -1.5% |
| Furniture and vehicles | 24 | €233,726 | €200,683 | -€33,043 | -14.1% |
| Leasing and similar rights | 25 | €457,741 | €354,075 | -€103,666 | -22.6% |
| Other tangible fixed assets | 26 | €2,356 | €916 | -€1,439 | -61.1% |
| Financial fixed assets | 28 | €40,886 | €40,751 | -€135 | -0.3% |
| Other financial fixed assets | 284/8 | €40,886 | €40,751 | -€135 | -0.3% |
| Amounts receivable and cash guarantees | 285/8 | €40,886 | €40,751 | -€135 | -0.3% |
| Current assets | 29/58 | €9,826,732 | €10,595,076 | +€768,344 | +7.8% |
| Stocks and contracts in progress | 3 | €1,241,100 | €1,324,409 | +€83,309 | +6.7% |
| Stocks | 30/36 | €1,172,606 | €1,065,537 | -€107,069 | -9.1% |
| Raw materials and consumables | 30/31 | €1,172,606 | €1,065,537 | -€107,069 | -9.1% |
| Contracts in progress | 37 | €68,494 | €258,872 | +€190,378 | +277.9% |
| Amounts receivable within one year | 40/41 | €7,440,502 | €8,790,016 | +€1.3m | +18.1% |
| Trade receivables | 40 | €6,616,421 | €8,139,545 | +€1.5m | +23.0% |
| Other amounts receivable | 41 | €824,081 | €650,471 | -€173,609 | -21.1% |
| Cash at bank and in hand | 54/58 | €1,095,426 | €452,419 | -€643,007 | -58.7% |
| Deferred charges and accrued income | 490/1 | €49,704 | €28,231 | -€21,472 | -43.2% |
| Total equity and liabilities | 10/49 | €11,808,335 | €12,318,793 | +€510,458 | +4.3% |
| Equity | 10/15 | €1,778,456 | €1,822,042 | +€43,585 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,757,996 | €1,801,582 | +€43,585 | +2.5% |
| Amounts payable | 17/49 | €10,029,878 | €10,496,751 | +€466,873 | +4.7% |
| Amounts payable after more than one year | 17 | €803,432 | €615,705 | -€187,727 | -23.4% |
| Financial debts | 170/4 | €702,282 | €534,555 | -€167,727 | -23.9% |
| Leasing and similar obligations | 172 | €302,282 | €201,222 | -€101,061 | -33.4% |
| Credit institutions | 173 | €400,000 | €333,333 | -€66,667 | -16.7% |
| Other amounts payable | 178/9 | €101,150 | €81,150 | -€20,000 | -19.8% |
| Amounts payable within one year | 42/48 | €9,201,132 | €9,864,058 | +€662,926 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €230,611 | €203,514 | -€27,098 | -11.8% |
| Financial debts | 43 | €1,250,000 | €2,000,000 | +€750,000 | +60.0% |
| Credit institutions | 430/8 | €1,250,000 | €2,000,000 | +€750,000 | +60.0% |
| Trade debts | 44 | €7,410,761 | €7,118,398 | -€292,362 | -3.9% |
| Suppliers | 440/4 | €7,410,761 | €7,118,398 | -€292,362 | -3.9% |
| Advances received on contracts in progress | 46 | €39,075 | €135,000 | +€95,925 | +245.5% |
| Taxes, remuneration and social security | 45 | €270,685 | €407,146 | +€136,461 | +50.4% |
| Taxes | 450/3 | €7,696 | €88,820 | +€81,124 | +1054.2% |
| Remuneration and social security | 454/9 | €262,989 | €318,326 | +€55,337 | +21.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €25,314 | €16,988 | -€8,326 | -32.9% |
| Operating income | 70/76A | €35,110,476 | €39,392,229 | +€4.3m | +12.2% |
| Turnover | 70 | €35,093,355 | €38,925,188 | +€3.8m | +10.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€425,376 | €190,378 | +€615,754 | |
| Own construction capitalised | 72 | €54,975 | €0 | -€54,975 | -100.0% |
| Other operating income | 74 | €312,150 | €255,565 | -€56,585 | -18.1% |
| Non-recurring operating income | 76A | €75,372 | €21,098 | -€54,275 | -72.0% |
| Operating charges | 60/66A | €34,914,647 | €39,031,856 | +€4.1m | +11.8% |
| Goods for resale, raw materials and consumables | 60 | €28,499,987 | €32,409,474 | +€3.9m | +13.7% |
| Purchases | 600/8 | €28,264,647 | €32,302,404 | +€4.0m | +14.3% |
| Change in stocks: decrease (increase) | 609 | €235,340 | €107,069 | -€128,270 | -54.5% |
| Services and other goods | 61 | €2,543,849 | €2,482,182 | -€61,667 | -2.4% |
| Remuneration, social security and pensions | 62 | €3,332,432 | €3,516,381 | +€183,949 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €442,301 | €489,526 | +€47,225 | +10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€92 | €0 | +€92 | |
| Other operating charges | 640/8 | €57,348 | €62,435 | +€5,088 | +8.9% |
| Non-recurring operating charges | 66A | €38,823 | €71,858 | +€33,035 | +85.1% |
| Operating profit (loss) | 9901 | €195,829 | €360,373 | +€164,544 | +84.0% |
| Financial income | 75/76B | €39,833 | €1,466 | -€38,367 | -96.3% |
| Recurring financial income | 75 | €39,833 | €1,466 | -€38,367 | -96.3% |
| Income from current assets | 751 | - | €1 | +€1 | |
| Other financial income | 752/9 | €39,833 | €1,465 | -€38,368 | -96.3% |
| Financial charges | 65/66B | €183,176 | €232,128 | +€48,952 | +26.7% |
| Recurring financial charges | 65 | €183,176 | €232,128 | +€48,952 | +26.7% |
| Debt charges | 650 | €101,947 | €145,910 | +€43,963 | +43.1% |
| Other financial charges | 652/9 | €81,229 | €86,218 | +€4,989 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €52,486 | €129,711 | +€77,225 | +147.1% |
| Income taxes | 67/77 | €34,473 | €86,126 | +€51,652 | +149.8% |
| Taxes | 670/3 | €34,473 | €86,126 | +€51,652 | +149.8% |
| Profit (loss) for the period | 9904 | €18,013 | €43,585 | +€25,573 | +142.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €18,013 | €43,585 | +€25,573 | +142.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.