BETORAB: what changed
What changed
BETORAB
NACE 43.130, Specialised construction activities
filed annual accounts (NBB)
Net result for the year
€17,847
2024 · -€35,592+€53,439
Equity
€10,631
2024 · -€7,216+€17,847
Cash
€1,802
2024 · €509+€1,294
Balance sheet total
€136,613
2024 · €187,466-€50,853
Largest movements
Assets
- Tangible fixed assets -€52,342
down €52,342 (-32.6%), from €160,570 to €108,229
- Deferred charges and accrued income +€2,150
up €2,150, from €0 to €2,150
- Receivables within one year -€1,955
down €1,955 (-7.6%), from €25,889 to €23,934
of which Trade receivables: -€1,038
Equity and liabilities
- Debts after one year -€36,402
down €36,402 (-52.5%), from €69,307 to €32,905
- Profit (loss) carried forward +€33,823
up €33,823 (+95.0%), from -€35,592 to -€1,769
- Other debts -€22,968
down €22,968 (-45.0%), from €51,047 to €28,078
- Current portion of long-term debt -€16,363
down €16,363 (-31.0%), from €52,765 to €36,402
- Reserves -€15,976
down €15,976 (-100%), from €15,976 to €0
Income statement
- Gross operating margin +€23,913
up €23,913 (+34.0%), from €70,256 to €94,170
- Depreciation -€22,938
down €22,938 (-28.3%), from €80,980 to €58,042
- Staff costs -€6,070
down €6,070 (-38.6%), from €15,725 to €9,655
- Financial income -€3,274
down €3,274 (-100%), from €3,274 to €0
- Taxes -€3,070
down €3,070 (-100%), from €3,070 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€35,592
Gross operating margin
+€23,913
Staff costs
+€6,070
Depreciation
+€22,938
Other operating charges
+€453
Financial income
-€3,274
Financial charges
+€268
Taxes
+€3,070
Result 2025
€17,847
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€45,300
Investment
-€5,700
Financing
-€38,306
Cash 2024
€509
From operations (derived)
+€45,300
Net result for the year
+€17,847
Depreciation
+€58,042
Receivables within one year
+€1,955
Deferred charges and accrued income
-€2,150
Trade debts
-€2,725
Tax, wage and social debts
-€3,376
Other debts
-€22,968
Accrued charges and deferred income
-€1,324
Investment (derived)
-€5,700
Investment in fixed assets (net)
-€5,700
Financing
-€38,306
Debts after one year
-€36,402
Current portion of long-term debt
-€16,363
Short-term financial debts
+€14,459
Cash 2025
€1,802
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,466 | €136,613 | -€50,853 | -27.1% |
| Fixed assets | 21/28 | €161,068 | €108,727 | -€52,342 | -32.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €160,570 | €108,229 | -€52,342 | -32.6% |
| Plant, machinery and equipment | 23 | €62,378 | €44,511 | -€17,867 | -28.6% |
| Furniture and vehicles | 24 | €48,803 | €27,044 | -€21,760 | -44.6% |
| Leasing and similar rights | 25 | €20,322 | €11,199 | -€9,124 | -44.9% |
| Other tangible fixed assets | 26 | €29,067 | €25,476 | -€3,591 | -12.4% |
| Financial fixed assets | 28 | €498 | €498 | = | 0.0% |
| Current assets | 29/58 | €26,398 | €27,886 | +€1,488 | +5.6% |
| Amounts receivable within one year | 40/41 | €25,889 | €23,934 | -€1,955 | -7.6% |
| Trade receivables | 40 | €22,064 | €21,025 | -€1,038 | -4.7% |
| Other amounts receivable | 41 | €3,825 | €2,909 | -€917 | -24.0% |
| Cash at bank and in hand | 54/58 | €509 | €1,802 | +€1,294 | +254% |
| Deferred charges and accrued income | 490/1 | €0 | €2,150 | +€2,150 | |
| Total equity and liabilities | 10/49 | €187,466 | €136,613 | -€50,853 | -27.1% |
| Equity | 10/15 | -€7,216 | €10,631 | +€17,847 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,976 | €0 | -€15,976 | -100% |
| Distributable reserves | 133 | €15,976 | €0 | -€15,976 | -100% |
| Profit (loss) carried forward | 14 | -€35,592 | -€1,769 | +€33,823 | +95.0% |
| Amounts payable | 17/49 | €194,682 | €125,982 | -€68,700 | -35.3% |
| Amounts payable after more than one year | 17 | €69,307 | €32,905 | -€36,402 | -52.5% |
| Financial debts | 170/4 | €69,307 | €32,905 | -€36,402 | -52.5% |
| Amounts payable within one year | 42/48 | €124,050 | €93,077 | -€30,974 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €52,765 | €36,402 | -€16,363 | -31.0% |
| Financial debts | 43 | - | €14,459 | +€14,459 | |
| Credit institutions | 430/8 | - | €14,459 | +€14,459 | |
| Trade debts | 44 | €11,398 | €8,672 | -€2,725 | -23.9% |
| Suppliers | 440/4 | €11,398 | €8,672 | -€2,725 | -23.9% |
| Taxes, remuneration and social security | 45 | €8,841 | €5,465 | -€3,376 | -38.2% |
| Taxes | 450/3 | €3,069 | €3,000 | -€69 | -2.3% |
| Remuneration and social security | 454/9 | €5,772 | €2,465 | -€3,307 | -57.3% |
| Other amounts payable | 47/48 | €51,047 | €28,078 | -€22,968 | -45.0% |
| Accrued charges and deferred income | 492/3 | €1,324 | €0 | -€1,324 | -100% |
| Remuneration, social security and pensions | 62 | €15,725 | €9,655 | -€6,070 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,980 | €58,042 | -€22,938 | -28.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,658 | €1,206 | -€453 | -27.3% |
| Gross operating margin | 9900 | €70,256 | €94,170 | +€23,913 | +34.0% |
| Operating profit (loss) | 9901 | -€28,107 | €25,268 | +€53,374 | |
| Financial income | 75/76B | €3,274 | €0 | -€3,274 | -100% |
| Recurring financial income | 75 | €3,274 | €0 | -€3,274 | -100% |
| Financial charges | 65/66B | €7,689 | €7,421 | -€268 | -3.5% |
| Recurring financial charges | 65 | €7,689 | €7,421 | -€268 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€32,522 | €17,847 | +€50,369 | |
| Income taxes | 67/77 | €3,070 | €0 | -€3,070 | -100% |
| Profit (loss) for the period | 9904 | -€35,592 | €17,847 | +€53,439 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,592 | €17,847 | +€53,439 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.