Betomax: 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.
Betomax
Largest movements
- Receivables after one year -€23,689
down €23,689 (-16.1%), from €146,717 to €123,027
- Receivables within one year +€11,251
up €11,251 (+138.3%), from €8,135 to €19,385
of which Trade receivables: +€9,212
- Tangible fixed assets +€6,608
up €6,608 (+1098.2%), from €602 to €7,209
of which Furniture and vehicles: +€6,608
- Deferred charges and accrued income -€2,006
no longer reported in 2025 (was €2,006)
- Tax, wage and social debts -€17,359
down €17,359 (-90.8%), from €19,124 to €1,764
of which Taxes: -€16,255
- Reserves +€10,626
up €10,626 (+8.9%), from €119,240 to €129,866
- Trade debts -€1,748
down €1,748 (-66.4%), from €2,631 to €883
- Gross operating margin +€68,724
up €68,724, from -€20,190 to €48,534
- Write-downs +€17,337
new in 2025: €17,337
- Depreciation -€5,877
down €5,877 (-66.3%), from €8,869 to €2,992
- Staff costs -€5,264
down €5,264 (-27.2%), from €19,323 to €14,058
- Taxes +€1,059
up €1,059 (+407.8%), from €260 to €1,319
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,447 | €158,965 | -€8,482 | -5.1% |
| Fixed assets | 21/28 | €2,189 | €8,797 | +€6,608 | +301.8% |
| Tangible fixed assets | 22/27 | €602 | €7,209 | +€6,608 | +1098.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €602 | €7,209 | +€6,608 | +1098.2% |
| Financial fixed assets | 28 | €1,588 | €1,588 | = | 0.0% |
| Current assets | 29/58 | €165,258 | €150,168 | -€15,090 | -9.1% |
| Amounts receivable after more than one year | 29 | €146,717 | €123,027 | -€23,689 | -16.1% |
| Other amounts receivable | 291 | €146,717 | €123,027 | -€23,689 | -16.1% |
| Amounts receivable within one year | 40/41 | €8,135 | €19,385 | +€11,251 | +138.3% |
| Trade receivables | 40 | €4,023 | €13,235 | +€9,212 | +229.0% |
| Other amounts receivable | 41 | €4,112 | €6,150 | +€2,038 | +49.6% |
| Cash at bank and in hand | 54/58 | €8,400 | €7,755 | -€645 | -7.7% |
| Deferred charges and accrued income | 490/1 | €2,006 | - | -€2,006 | |
| Total equity and liabilities | 10/49 | €167,447 | €158,965 | -€8,482 | -5.1% |
| Equity | 10/15 | €145,692 | €156,317 | +€10,626 | +7.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €119,240 | €129,866 | +€10,626 | +8.9% |
| Distributable reserves | 133 | €119,240 | €129,866 | +€10,626 | +8.9% |
| Profit (loss) carried forward | 14 | €26,451 | €26,451 | = | 0.0% |
| Amounts payable | 17/49 | €21,755 | €2,647 | -€19,108 | -87.8% |
| Amounts payable within one year | 42/48 | €21,755 | €2,647 | -€19,108 | -87.8% |
| Trade debts | 44 | €2,631 | €883 | -€1,748 | -66.4% |
| Suppliers | 440/4 | €2,631 | €883 | -€1,748 | -66.4% |
| Taxes, remuneration and social security | 45 | €19,124 | €1,764 | -€17,359 | -90.8% |
| Taxes | 450/3 | €17,835 | €1,580 | -€16,255 | -91.1% |
| Remuneration and social security | 454/9 | €1,289 | €184 | -€1,105 | -85.7% |
| Remuneration, social security and pensions | 62 | €19,323 | €14,058 | -€5,264 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,869 | €2,992 | -€5,877 | -66.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,337 | +€17,337 | |
| Other operating charges | 640/8 | €1,783 | €1,818 | +€35 | +1.9% |
| Gross operating margin | 9900 | -€20,190 | €48,534 | +€68,724 | |
| Operating profit (loss) | 9901 | -€50,164 | €12,329 | +€62,493 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €251 | €388 | +€137 | +54.4% |
| Recurring financial charges | 65 | €251 | €388 | +€137 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | -€50,416 | €11,944 | +€62,360 | |
| Income taxes | 67/77 | €260 | €1,319 | +€1,059 | +407.8% |
| Profit (loss) for the period | 9904 | -€50,676 | €10,626 | +€61,301 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,676 | €10,626 | +€61,301 |
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 9 October 2026 via checked.be.