BETRADE: 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.
BETRADE
Largest movements
- Tangible fixed assets -€54,926
down €54,926 (-8.0%), from €682,515 to €627,588
of which Land and buildings: -€52,723
- Receivables within one year -€11,376
down €11,376 (-44.5%), from €25,587 to €14,211
of which Trade receivables: -€12,100
- Debts after one year -€41,293
down €41,293 (-14.1%), from €292,982 to €251,689
- Current portion of long-term debt -€18,325
down €18,325 (-28.4%), from €64,617 to €46,292
- Profit (loss) carried forward +€17,313
up €17,313 (+28.0%), from -€61,819 to -€44,505
- Other debts -€10,091
down €10,091 (-13.8%), from €73,082 to €62,991
- Turnover -€72,000
no longer reported in 2025 (was €72,000)
- Purchases and services -€18,566
no longer reported in 2025 (was €18,566)
- Depreciation -€13,404
down €13,404 (-19.6%), from €68,330 to €54,926
- Financial income -€6,279
down €6,279 (-61.4%), from €10,233 to €3,954
- Taxes -€3,648
down €3,648, from €1,824 to -€1,824
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 | €930,523 | €870,572 | -€59,951 | -6.4% |
| Fixed assets | 21/28 | €682,515 | €627,588 | -€54,926 | -8.0% |
| Tangible fixed assets | 22/27 | €682,515 | €627,588 | -€54,926 | -8.0% |
| Land and buildings | 22 | €674,672 | €621,950 | -€52,723 | -7.8% |
| Plant, machinery and equipment | 23 | €4,680 | €3,527 | -€1,153 | -24.6% |
| Furniture and vehicles | 24 | €3,163 | €2,112 | -€1,051 | -33.2% |
| Current assets | 29/58 | €248,008 | €242,983 | -€5,025 | -2.0% |
| Amounts receivable within one year | 40/41 | €25,587 | €14,211 | -€11,376 | -44.5% |
| Trade receivables | 40 | €24,100 | €12,000 | -€12,100 | -50.2% |
| Other amounts receivable | 41 | €1,487 | €2,211 | +€724 | +48.7% |
| Current investments | 50/53 | €204,778 | €204,778 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,643 | €23,994 | +€6,351 | +36.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €930,523 | €870,572 | -€59,951 | -6.4% |
| Equity | 10/15 | €477,894 | €492,322 | +€14,428 | +3.0% |
| Contributions | 10/11 | €130,568 | €130,568 | = | 0.0% |
| Contributions outside capital | 11 | €130,568 | €130,568 | = | 0.0% |
| Share premium | 1100/10 | €118,068 | - | -€118,068 | |
| Other | 1109/19 | €12,500 | €130,568 | +€118,068 | +945% |
| Reserves | 13 | €384,491 | €384,491 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,096 | €11,096 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,096 | €11,096 | = | 0.0% |
| Distributable reserves | 133 | €373,395 | €373,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,819 | -€44,505 | +€17,313 | +28.0% |
| Investment grants | 15 | €24,653 | €21,768 | -€2,885 | -11.7% |
| Amounts payable | 17/49 | €452,629 | €378,250 | -€74,380 | -16.4% |
| Amounts payable after more than one year | 17 | €292,982 | €251,689 | -€41,293 | -14.1% |
| Financial debts | 170/4 | €292,982 | €251,689 | -€41,293 | -14.1% |
| Amounts payable within one year | 42/48 | €159,286 | €126,257 | -€33,029 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €64,617 | €46,292 | -€18,325 | -28.4% |
| Trade debts | 44 | €21,587 | €16,974 | -€4,613 | -21.4% |
| Suppliers | 440/4 | €21,587 | €16,974 | -€4,613 | -21.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €73,082 | €62,991 | -€10,091 | -13.8% |
| Accrued charges and deferred income | 492/3 | €361 | €303 | -€58 | -16.0% |
| Turnover | 70 | €72,000 | - | -€72,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €18,566 | - | -€18,566 | |
| Remuneration, social security and pensions | 62 | €2,063 | - | -€2,063 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,330 | €54,926 | -€13,404 | -19.6% |
| Other operating charges | 640/8 | €18,541 | €18,942 | +€401 | +2.2% |
| Gross operating margin | 9900 | €86,959 | €89,711 | +€2,752 | +3.2% |
| Operating profit (loss) | 9901 | -€1,974 | €15,843 | +€17,817 | |
| Financial income | 75/76B | €10,233 | €3,954 | -€6,279 | -61.4% |
| Recurring financial income | 75 | €10,233 | €3,954 | -€6,279 | -61.4% |
| Financial charges | 65/66B | €5,351 | €4,307 | -€1,044 | -19.5% |
| Recurring financial charges | 65 | €5,351 | €4,307 | -€1,044 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €2,908 | €15,489 | +€12,581 | +433% |
| Income taxes | 67/77 | €1,824 | -€1,824 | -€3,648 | |
| Profit (loss) for the period | 9904 | €1,084 | €17,313 | +€16,229 | +1,497% |
| Profit (loss) for the period to be appropriated | 9905 | €1,084 | €17,313 | +€16,229 | +1,497% |
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 18 October 2026 via checked.be.