BETOFIN: 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
BETOFIN
NACE 81.100, Combined facilities support activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€39,584
2024 · €67,726-€28,142
Equity
€8.9m
2024 · €8.9m+€39,584
Cash
€38,688
2024 · €97,261-€58,573
Balance sheet total
€10.0m
2024 · €10.0m+€70,660
Largest movements
Assets
- Receivables within one year +€388,018
up €388,018 (+85.1%), from €455,891 to €843,909
of which Other amounts receivable: +€395,731
- Tangible fixed assets -€150,413
down €150,413 (-4.3%), from €3.5m to €3.4m
of which Land and buildings: -€136,448
- Current investments -€120,000
down €120,000 (-15.0%), from €800,000 to €680,000
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€645,205
down €645,205 (-67.5%), from €956,170 to €310,965
- Write-downs -€635,836
down €635,836 (-100%), from €635,836 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.
Result 2024
€67,726
Gross operating margin
-€645,205
Staff costs
-€401
Depreciation
+€905
Write-downs
+€635,836
Other operating charges
-€895
Other operating items
-€25,000
Financial income
+€768
Financial charges
+€5,783
Taxes
+€68
Result 2025
€39,584
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€178,573
Investment
+€120,000
Financing
€0
Cash 2024
€97,261
From operations (derived)
-€178,573
Net result for the year
+€39,584
Depreciation
+€150,413
Receivables within one year
-€388,018
Deferred charges and accrued income
-€11,629
Trade debts
+€12,359
Smaller working-capital items
+€73
Accrued charges and deferred income
+€18,643
Investment (derived)
+€120,000
Current investments
+€120,000
Cash 2025
€38,688
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,960,504 | €10,031,165 | +€70,660 | +0.7% |
| Fixed assets | 21/28 | €8,262,732 | €8,112,319 | -€150,413 | -1.8% |
| Tangible fixed assets | 22/27 | €3,529,137 | €3,378,724 | -€150,413 | -4.3% |
| Land and buildings | 22 | €3,512,241 | €3,375,794 | -€136,448 | -3.9% |
| Furniture and vehicles | 24 | €16,896 | €2,930 | -€13,965 | -82.7% |
| Financial fixed assets | 28 | €4,733,595 | €4,733,595 | = | 0.0% |
| Current assets | 29/58 | €1,697,773 | €1,918,846 | +€221,073 | +13.0% |
| Amounts receivable after more than one year | 29 | €170,000 | €170,000 | = | 0.0% |
| Other amounts receivable | 291 | €170,000 | €170,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €174,620 | €174,620 | = | 0.0% |
| Stocks | 30/36 | €174,620 | €174,620 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €455,891 | €843,909 | +€388,018 | +85.1% |
| Trade receivables | 40 | €246,078 | €238,365 | -€7,713 | -3.1% |
| Other amounts receivable | 41 | €209,813 | €605,544 | +€395,731 | +189% |
| Current investments | 50/53 | €800,000 | €680,000 | -€120,000 | -15.0% |
| Cash at bank and in hand | 54/58 | €97,261 | €38,688 | -€58,573 | -60.2% |
| Deferred charges and accrued income | 490/1 | - | €11,629 | +€11,629 | |
| Total equity and liabilities | 10/49 | €9,960,504 | €10,031,165 | +€70,660 | +0.7% |
| Equity | 10/15 | €8,875,081 | €8,914,666 | +€39,584 | +0.4% |
| Contributions | 10/11 | €5,500,000 | €5,500,000 | = | 0.0% |
| Capital | 10 | €5,500,000 | €5,500,000 | = | 0.0% |
| Issued capital | 100 | €5,500,000 | €5,500,000 | = | 0.0% |
| Reserves | 13 | €2,154,662 | €2,154,662 | = | 0.0% |
| Non-distributable reserves | 130/1 | €550,000 | €550,000 | = | 0.0% |
| Legal reserve | 130 | €550,000 | €550,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €204,662 | €204,662 | = | 0.0% |
| Distributable reserves | 133 | €1,400,000 | €1,400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,220,420 | €1,260,004 | +€39,584 | +3.2% |
| Amounts payable | 17/49 | €1,085,423 | €1,116,499 | +€31,076 | +2.9% |
| Amounts payable within one year | 42/48 | €1,003,342 | €1,015,774 | +€12,432 | +1.2% |
| Trade debts | 44 | €334,518 | €346,877 | +€12,359 | +3.7% |
| Suppliers | 440/4 | €334,518 | €346,877 | +€12,359 | +3.7% |
| Taxes, remuneration and social security | 45 | €32,358 | €33,131 | +€773 | +2.4% |
| Taxes | 450/3 | €28,562 | €30,356 | +€1,795 | +6.3% |
| Remuneration and social security | 454/9 | €3,796 | €2,775 | -€1,022 | -26.9% |
| Other amounts payable | 47/48 | €636,466 | €635,766 | -€700 | -0.1% |
| Accrued charges and deferred income | 492/3 | €82,081 | €100,725 | +€18,643 | +22.7% |
| Remuneration, social security and pensions | 62 | €14,759 | €15,160 | +€401 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,318 | €150,413 | -€905 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €635,836 | €0 | -€635,836 | -100% |
| Other operating charges | 640/8 | €85,430 | €86,326 | +€895 | +1.0% |
| Non-recurring operating charges | 66A | - | €25,000 | +€25,000 | |
| Gross operating margin | 9900 | €956,170 | €310,965 | -€645,205 | -67.5% |
| Operating profit (loss) | 9901 | €68,827 | €34,066 | -€34,761 | -50.5% |
| Financial income | 75/76B | €26,747 | €27,516 | +€768 | +2.9% |
| Recurring financial income | 75 | €26,747 | €27,516 | +€768 | +2.9% |
| Financial charges | 65/66B | €26,905 | €21,122 | -€5,783 | -21.5% |
| Recurring financial charges | 65 | €26,905 | €21,122 | -€5,783 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €68,670 | €40,459 | -€28,210 | -41.1% |
| Income taxes | 67/77 | €943 | €875 | -€68 | -7.2% |
| Profit (loss) for the period | 9904 | €67,726 | €39,584 | -€28,142 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,726 | €39,584 | -€28,142 | -41.6% |
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 28 October 2026 via checked.be.