BETOWARE: what changed
What changed
BETOWARE
NACE 26.300, Manufacture of computer, electronic and optical products
filed annual accounts (NBB)
Net result for the year
€27,889
2024 · -€69,286+€97,176
Equity
-€20,730
2024 · -€48,619+€27,889
Cash
€38,793
2024 · €14,751+€24,042
Balance sheet total
€3.1m
2024 · €3.2m-€22,207
Largest movements
Assets
- Tangible fixed assets -€65,334
down €65,334 (-2.3%), from €2.8m to €2.7m
of which Land and buildings: -€61,152
Equity and liabilities
- Short-term financial debts -€77,667
down €77,667 (-23.7%), from €327,667 to €250,000
Income statement
- Gross operating margin +€78,498
up €78,498 (+39.4%), from €199,125 to €277,623
- Financial charges -€24,794
down €24,794 (-18.9%), from €131,158 to €106,364
- Staff costs +€6,961
up €6,961 (+15.5%), from €44,873 to €51,834
- Other operating charges -€3,512
down €3,512 (-20.7%), from €16,989 to €13,477
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
-€69,286
Gross operating margin
+€78,498
Staff costs
-€6,961
Depreciation
-€1,057
Write-downs
+€180
Other operating charges
+€3,512
Other operating items
-€1,543
Financial income
-€259
Financial charges
+€24,794
Taxes
+€11
Result 2025
€27,889
raises the resultlowers the resultnot broken down further in the accounts
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
+€126,180
Investment
-€9,359
Financing
-€92,778
Cash 2024
€14,751
From operations (derived)
+€126,180
Net result for the year
+€27,889
Depreciation
+€76,527
Stocks and contracts
+€463
Receivables within one year
+€10,271
Deferred charges and accrued income
-€31,653
Trade debts
+€18,253
Tax, wage and social debts
-€5,069
Other debts
+€996
Accrued charges and deferred income
+€28,503
Investment (derived)
-€9,359
Investment in fixed assets (net)
-€9,359
Financing
-€92,778
Debts after one year
-€27,977
Current portion of long-term debt
+€12,866
Short-term financial debts
-€77,667
Cash 2025
€38,793
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,169,528 | €3,147,322 | -€22,207 | -0.7% |
| Fixed assets | 21/28 | €2,798,514 | €2,731,346 | -€67,168 | -2.4% |
| Intangible fixed assets | 21 | €2,696 | €1,362 | -€1,333 | -49.5% |
| Tangible fixed assets | 22/27 | €2,792,933 | €2,727,598 | -€65,334 | -2.3% |
| Land and buildings | 22 | €2,761,851 | €2,700,698 | -€61,152 | -2.2% |
| Plant, machinery and equipment | 23 | €15,460 | €11,051 | -€4,409 | -28.5% |
| Furniture and vehicles | 24 | €15,622 | €15,850 | +€227 | +1.5% |
| Financial fixed assets | 28 | €2,885 | €2,385 | -€500 | -17.3% |
| Current assets | 29/58 | €371,015 | €415,976 | +€44,961 | +12.1% |
| Stocks and contracts in progress | 3 | €270,822 | €270,359 | -€463 | -0.2% |
| Stocks | 30/36 | €270,822 | €270,359 | -€463 | -0.2% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €81,189 | €70,918 | -€10,271 | -12.7% |
| Trade receivables | 40 | €49,957 | €30,549 | -€19,408 | -38.8% |
| Other amounts receivable | 41 | €31,232 | €40,369 | +€9,137 | +29.3% |
| Cash at bank and in hand | 54/58 | €14,751 | €38,793 | +€24,042 | +163% |
| Deferred charges and accrued income | 490/1 | €4,253 | €35,906 | +€31,653 | +744% |
| Total equity and liabilities | 10/49 | €3,169,528 | €3,147,322 | -€22,207 | -0.7% |
| Equity | 10/15 | -€48,619 | -€20,730 | +€27,889 | +57.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €216,451 | €216,451 | = | 0.0% |
| Distributable reserves | 133 | €216,451 | €216,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€277,469 | -€249,580 | +€27,889 | +10.1% |
| Amounts payable | 17/49 | €3,218,147 | €3,168,051 | -€50,096 | -1.6% |
| Amounts payable after more than one year | 17 | €2,713,287 | €2,685,309 | -€27,977 | -1.0% |
| Financial debts | 170/4 | €1,863,287 | €2,335,309 | +€472,023 | +25.3% |
| Other amounts payable | 178/9 | €850,000 | €350,000 | -€500,000 | -58.8% |
| Amounts payable within one year | 42/48 | €482,574 | €431,953 | -€50,622 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €86,255 | €99,120 | +€12,866 | +14.9% |
| Financial debts | 43 | €327,667 | €250,000 | -€77,667 | -23.7% |
| Credit institutions | 430/8 | €327,667 | €250,000 | -€77,667 | -23.7% |
| Trade debts | 44 | €2,723 | €20,976 | +€18,253 | +670% |
| Suppliers | 440/4 | €2,723 | €20,976 | +€18,253 | +670% |
| Taxes, remuneration and social security | 45 | €12,009 | €6,939 | -€5,069 | -42.2% |
| Taxes | 450/3 | €5,132 | €3,457 | -€1,675 | -32.6% |
| Remuneration and social security | 454/9 | €6,877 | €3,482 | -€3,395 | -49.4% |
| Other amounts payable | 47/48 | €53,921 | €54,917 | +€996 | +1.8% |
| Accrued charges and deferred income | 492/3 | €22,286 | €50,789 | +€28,503 | +128% |
| Non-recurring operating income | 76A | €39,288 | €13,072 | -€26,216 | -66.7% |
| Remuneration, social security and pensions | 62 | €44,873 | €51,834 | +€6,961 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,469 | €76,527 | +€1,057 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €180 | €0 | -€180 | -100% |
| Other operating charges | 640/8 | €16,989 | €13,477 | -€3,512 | -20.7% |
| Non-recurring operating charges | 66A | - | €1,543 | +€1,543 | |
| Gross operating margin | 9900 | €199,125 | €277,623 | +€78,498 | +39.4% |
| Operating profit (loss) | 9901 | €61,613 | €134,243 | +€72,629 | +118% |
| Financial income | 75/76B | €442 | €183 | -€259 | -58.6% |
| Recurring financial income | 75 | €442 | €183 | -€259 | -58.6% |
| Financial charges | 65/66B | €131,158 | €106,364 | -€24,794 | -18.9% |
| Recurring financial charges | 65 | €131,158 | €106,364 | -€24,794 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€69,103 | €28,062 | +€97,164 | |
| Income taxes | 67/77 | €184 | €173 | -€11 | -6.1% |
| Profit (loss) for the period | 9904 | -€69,286 | €27,889 | +€97,176 | |
| Profit (loss) for the period to be appropriated | 9905 | -€69,286 | €27,889 | +€97,176 |
Next steps
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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 5 November 2026 via checked.be.