BETOWEST: 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.
BETOWEST
Largest movements
- Cash +€796,284
up €796,284 (+206%), from €386,754 to €1.2m
mainly Current investments (+€689,953) and Net result for the year (+€105,570)
- Current investments -€689,953
down €689,953 (-31.5%), from €2.2m to €1.5m
- Reserves +€105,570
up €105,570 (+3.9%), from €2.7m to €2.8m
of which Distributable reserves: +€105,570
- Financial income +€35,265
up €35,265 (+97.1%), from €36,303 to €71,568
- Taxes +€12,347
up €12,347 (+33.1%), from €37,329 to €49,676
- Gross operating margin +€4,310
up €4,310 (+4.4%), from €97,884 to €102,194
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,820,779 | €2,909,656 | +€88,877 | +3.2% |
| Fixed assets | 21/28 | €229,877 | €224,209 | -€5,667 | -2.5% |
| Tangible fixed assets | 22/27 | €229,877 | €224,209 | -€5,667 | -2.5% |
| Land and buildings | 22 | €218,743 | €217,108 | -€1,635 | -0.7% |
| Plant, machinery and equipment | 23 | €5,130 | €3,848 | -€1,282 | -25.0% |
| Furniture and vehicles | 24 | €6,004 | €3,254 | -€2,750 | -45.8% |
| Current assets | 29/58 | €2,590,902 | €2,685,447 | +€94,544 | +3.6% |
| Amounts receivable within one year | 40/41 | €13,970 | €2,058 | -€11,912 | -85.3% |
| Trade receivables | 40 | €9,937 | €530 | -€9,407 | -94.7% |
| Other amounts receivable | 41 | €4,033 | €1,528 | -€2,505 | -62.1% |
| Current investments | 50/53 | €2,189,953 | €1,500,000 | -€689,953 | -31.5% |
| Cash at bank and in hand | 54/58 | €386,754 | €1,183,038 | +€796,284 | +206% |
| Deferred charges and accrued income | 490/1 | €225 | €350 | +€125 | +55.6% |
| Total equity and liabilities | 10/49 | €2,820,779 | €2,909,656 | +€88,877 | +3.2% |
| Equity | 10/15 | €2,797,532 | €2,903,102 | +€105,570 | +3.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €2,722,532 | €2,828,102 | +€105,570 | +3.9% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €2,715,032 | €2,820,602 | +€105,570 | +3.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €23,247 | €6,554 | -€16,693 | -71.8% |
| Amounts payable within one year | 42/48 | €23,247 | €6,554 | -€16,693 | -71.8% |
| Trade debts | 44 | €14,473 | €1,126 | -€13,346 | -92.2% |
| Suppliers | 440/4 | €14,473 | €1,126 | -€13,346 | -92.2% |
| Taxes, remuneration and social security | 45 | €8,774 | €5,427 | -€3,347 | -38.1% |
| Taxes | 450/3 | €8,774 | €5,427 | -€3,347 | -38.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,667 | €5,667 | = | 0.0% |
| Other operating charges | 640/8 | €11,911 | €12,284 | +€373 | +3.1% |
| Gross operating margin | 9900 | €97,884 | €102,194 | +€4,310 | +4.4% |
| Operating profit (loss) | 9901 | €80,305 | €84,243 | +€3,937 | +4.9% |
| Financial income | 75/76B | €36,303 | €71,568 | +€35,265 | +97.1% |
| Recurring financial income | 75 | €36,303 | €71,568 | +€35,265 | +97.1% |
| Financial charges | 65/66B | €140 | €565 | +€424 | +302% |
| Recurring financial charges | 65 | €140 | €565 | +€424 | +302% |
| Profit (loss) for the period before taxes | 9903 | €116,468 | €155,246 | +€38,778 | +33.3% |
| Income taxes | 67/77 | €37,329 | €49,676 | +€12,347 | +33.1% |
| Profit (loss) for the period | 9904 | €79,139 | €105,570 | +€26,431 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €79,139 | €105,570 | +€26,431 | +33.4% |
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 29 October 2026 via checked.be.