BETOLA: 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
BETOLA
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€378,892
2024 · €463,332-€84,440
Equity
€2.6m
2024 · €2.2m+€378,892
Cash
€3,849
2024 · €1,617+€2,232
Balance sheet total
€2.6m
2024 · €2.3m+€308,278
Largest movements
Assets
- Current investments +€386,992
up €386,992 (+120%), from €323,713 to €710,705
- Receivables within one year -€190,013
down €190,013 (-97.4%), from €195,112 to €5,099
of which Trade receivables: -€187,803
- Receivables after one year +€90,000
up €90,000 (+7.3%), from €1.2m to €1.3m
Equity and liabilities
- Profit (loss) carried forward +€378,892
up €378,892 (+28.1%), from €1.3m to €1.7m
- Trade debts -€76,634
down €76,634 (-90.0%), from €85,154 to €8,520
Income statement
- Provisions +€212,952
up €212,952, from -€212,952 to €0
- Gross operating margin +€52,685
up €52,685 (+10.2%), from €514,657 to €567,343
- Depreciation -€29,219
down €29,219 (-62.6%), from €46,654 to €17,435
- Financial charges -€24,834
down €24,834 (-53.4%), from €46,471 to €21,638
- Taxes -€19,498
down €19,498 (-13.3%), from €147,025 to €127,527
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
€463,332
Gross operating margin
+€52,685
Depreciation
+€29,219
Provisions
-€212,952
Other operating charges
-€7,812
Financial income
+€10,088
Financial charges
+€24,834
Taxes
+€19,498
Result 2025
€378,892
raises the resultlowers the result
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
+€406,854
Investment
-€404,622
Financing
€0
Cash 2024
€1,617
From operations (derived)
+€406,854
Net result for the year
+€378,892
Depreciation
+€17,435
Receivables after one year
-€90,000
Receivables within one year
+€190,013
Deferred charges and accrued income
-€18,872
Trade debts
-€76,634
Tax, wage and social debts
+€6,020
Investment (derived)
-€404,622
Investment in fixed assets (net)
-€17,631
Current investments
-€386,992
Cash 2025
€3,849
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,275,733 | €2,584,011 | +€308,278 | +13.5% |
| Fixed assets | 21/28 | €515,291 | €515,486 | +€195 | 0.0% |
| Tangible fixed assets | 22/27 | €515,291 | €515,486 | +€195 | 0.0% |
| Land and buildings | 22 | €483,893 | €497,187 | +€13,294 | +2.7% |
| Plant, machinery and equipment | 23 | €11,348 | €7,343 | -€4,005 | -35.3% |
| Furniture and vehicles | 24 | €20,050 | €10,956 | -€9,094 | -45.4% |
| Current assets | 29/58 | €1,760,442 | €2,068,525 | +€308,082 | +17.5% |
| Amounts receivable after more than one year | 29 | €1,240,000 | €1,330,000 | +€90,000 | +7.3% |
| Other amounts receivable | 291 | €1,240,000 | €1,330,000 | +€90,000 | +7.3% |
| Amounts receivable within one year | 40/41 | €195,112 | €5,099 | -€190,013 | -97.4% |
| Trade receivables | 40 | €192,402 | €4,599 | -€187,803 | -97.6% |
| Other amounts receivable | 41 | €2,710 | €500 | -€2,210 | -81.6% |
| Current investments | 50/53 | €323,713 | €710,705 | +€386,992 | +120% |
| Cash at bank and in hand | 54/58 | €1,617 | €3,849 | +€2,232 | +138% |
| Deferred charges and accrued income | 490/1 | - | €18,872 | +€18,872 | |
| Total equity and liabilities | 10/49 | €2,275,733 | €2,584,011 | +€308,278 | +13.5% |
| Equity | 10/15 | €2,180,456 | €2,559,348 | +€378,892 | +17.4% |
| Contributions | 10/11 | €624,000 | €624,000 | = | 0.0% |
| Capital | 10 | €624,000 | €624,000 | = | 0.0% |
| Issued capital | 100 | €624,000 | €624,000 | = | 0.0% |
| Reserves | 13 | €210,044 | €210,044 | = | 0.0% |
| Non-distributable reserves | 130/1 | €62,400 | €62,400 | = | 0.0% |
| Legal reserve | 130 | €62,400 | €62,400 | = | 0.0% |
| Distributable reserves | 133 | €147,644 | €147,644 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,346,412 | €1,725,304 | +€378,892 | +28.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €95,277 | €24,663 | -€70,614 | -74.1% |
| Amounts payable within one year | 42/48 | €95,277 | €24,663 | -€70,614 | -74.1% |
| Trade debts | 44 | €85,154 | €8,520 | -€76,634 | -90.0% |
| Suppliers | 440/4 | €85,154 | €8,520 | -€76,634 | -90.0% |
| Taxes, remuneration and social security | 45 | €10,123 | €16,143 | +€6,020 | +59.5% |
| Taxes | 450/3 | €10,123 | €16,143 | +€6,020 | +59.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €18,814 | +€18,814 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,654 | €17,435 | -€29,219 | -62.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€212,952 | €0 | +€212,952 | |
| Other operating charges | 640/8 | €65,157 | €72,969 | +€7,812 | +12.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €514,657 | €567,343 | +€52,685 | +10.2% |
| Operating profit (loss) | 9901 | €615,798 | €476,938 | -€138,860 | -22.5% |
| Financial income | 75/76B | €41,030 | €51,118 | +€10,088 | +24.6% |
| Recurring financial income | 75 | €41,030 | €51,118 | +€10,088 | +24.6% |
| Financial charges | 65/66B | €46,471 | €21,638 | -€24,834 | -53.4% |
| Recurring financial charges | 65 | €46,471 | €21,638 | -€24,834 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €610,357 | €506,419 | -€103,938 | -17.0% |
| Income taxes | 67/77 | €147,025 | €127,527 | -€19,498 | -13.3% |
| Profit (loss) for the period | 9904 | €463,332 | €378,892 | -€84,440 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €463,332 | €378,892 | -€84,440 | -18.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.