BETOCUP: 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.
BETOCUP
Largest movements
- Receivables within one year +€52,725
up €52,725 (+346%), from €15,233 to €67,958
of which Trade receivables: +€55,212
- Cash -€43,917
down €43,917 (-43.9%), from €99,944 to €56,027
mainly Receivables within one year (-€52,725) and Current portion of long-term debt (-€5,800)
- Tangible fixed assets -€21,179
down €21,179 (-45.0%), from €47,049 to €25,870
of which Furniture and vehicles: -€18,395
- Current portion of long-term debt -€5,800
down €5,800 (-39.9%), from €14,539 to €8,738
- Trade debts -€4,828
down €4,828 (-14.0%), from €34,386 to €29,558
- Other debts -€1,873
down €1,873 (-3.2%), from €59,085 to €57,212
- Gross operating margin -€7,033
down €7,033 (-21.5%), from €32,708 to €25,674
- Taxes +€2,705
up €2,705 (+210%), from €1,287 to €3,993
- Depreciation -€693
down €693 (-3.2%), from €21,872 to €21,179
- Financial charges -€366
down €366 (-91.8%), from €398 to €33
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 | €162,226 | €149,855 | -€12,371 | -7.6% |
| Fixed assets | 21/28 | €47,049 | €25,870 | -€21,179 | -45.0% |
| Tangible fixed assets | 22/27 | €47,049 | €25,870 | -€21,179 | -45.0% |
| Furniture and vehicles | 24 | €38,957 | €20,562 | -€18,395 | -47.2% |
| Leasing and similar rights | 25 | €8,091 | €5,307 | -€2,784 | -34.4% |
| Current assets | 29/58 | €115,178 | €123,986 | +€8,808 | +7.6% |
| Amounts receivable within one year | 40/41 | €15,233 | €67,958 | +€52,725 | +346% |
| Trade receivables | 40 | €3,140 | €58,352 | +€55,212 | +1,759% |
| Other amounts receivable | 41 | €12,094 | €9,607 | -€2,487 | -20.6% |
| Cash at bank and in hand | 54/58 | €99,944 | €56,027 | -€43,917 | -43.9% |
| Total equity and liabilities | 10/49 | €162,226 | €149,855 | -€12,371 | -7.6% |
| Equity | 10/15 | €54,217 | €54,348 | +€131 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,017 | €48,148 | +€131 | +0.3% |
| Amounts payable | 17/49 | €108,010 | €95,508 | -€12,502 | -11.6% |
| Amounts payable within one year | 42/48 | €108,010 | €95,508 | -€12,502 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €14,539 | €8,738 | -€5,800 | -39.9% |
| Trade debts | 44 | €34,386 | €29,558 | -€4,828 | -14.0% |
| Suppliers | 440/4 | €34,386 | €29,558 | -€4,828 | -14.0% |
| Other amounts payable | 47/48 | €59,085 | €57,212 | -€1,873 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,872 | €21,179 | -€693 | -3.2% |
| Other operating charges | 640/8 | €414 | €339 | -€75 | -18.2% |
| Gross operating margin | 9900 | €32,708 | €25,674 | -€7,033 | -21.5% |
| Operating profit (loss) | 9901 | €10,422 | €4,157 | -€6,266 | -60.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €398 | €33 | -€366 | -91.8% |
| Recurring financial charges | 65 | €398 | €33 | -€366 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | €10,024 | €4,124 | -€5,900 | -58.9% |
| Income taxes | 67/77 | €1,287 | €3,993 | +€2,705 | +210% |
| Profit (loss) for the period | 9904 | €8,736 | €131 | -€8,606 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,736 | €131 | -€8,606 | -98.5% |
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 24 October 2026 via checked.be.