Betrading: what changed
Two fiscal 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.
What changed
Betrading
NACE 33.120, Repair and maintenance of machinery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€176,039
2024 · €167,153+€8,886
Equity
€599,574
2024 · €447,535+€152,039
Cash
€7,297
2024 · €14,923-€7,626
Balance sheet total
€1.4m
2024 · €1.3m+€57,127
Largest movements
Assets
- Stocks and contracts +€78,149
up €78,149 (+57.4%), from €136,200 to €214,349
Equity and liabilities
- Reserves +€180,000
up €180,000 (+45.0%), from €400,000 to €580,000
- Debts after one year -€76,194
down €76,194 (-12.9%), from €592,643 to €516,449
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Profit (loss) carried forward -€27,961
down €27,961 (-65.7%), from €42,535 to €14,574
- Trade debts +€19,860
up €19,860 (+30.3%), from €65,610 to €85,470
Income statement
- Gross operating margin +€46,009
up €46,009 (+13.4%), from €344,128 to €390,136
- Depreciation +€28,613
up €28,613 (+25.6%), from €111,705 to €140,318
- Taxes +€9,145
up €9,145 (+20.8%), from €43,944 to €53,089
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.
Result 2024
€167,153
Gross operating margin
+€46,009
Depreciation
-€28,613
Other operating charges
+€237
Other operating items
-€2,031
Financial income
+€582
Financial charges
+€1,847
Taxes
-€9,145
Result 2025
€176,039
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.
From operations
+€272,845
Investment
-€131,825
Financing
-€148,645
Cash 2024
€14,923
From operations (derived)
+€272,845
Net result for the year
+€176,039
Depreciation
+€140,318
Stocks and contracts
-€78,149
Receivables within one year
+€6,908
Deferred charges and accrued income
-€2,004
Trade debts
+€19,860
Tax, wage and social debts
+€19,083
Other debts
-€9,217
Accrued charges and deferred income
+€7
Investment (derived)
-€131,825
Investment in fixed assets (net)
-€131,825
Financing
-€148,645
Debts after one year
-€76,194
Current portion of long-term debt
+€1,549
Short-term financial debts
-€50,000
Contributions, distributions and other
-€24,000
Cash 2025
€7,297
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,332,425 | €1,389,551 | +€57,127 | +4.3% |
| Fixed assets | 21/28 | €1,090,694 | €1,082,202 | -€8,493 | -0.8% |
| Tangible fixed assets | 22/27 | €1,090,694 | €1,082,202 | -€8,493 | -0.8% |
| Land and buildings | 22 | €719,922 | €717,458 | -€2,463 | -0.3% |
| Plant, machinery and equipment | 23 | €303,034 | €304,162 | +€1,129 | +0.4% |
| Furniture and vehicles | 24 | €67,739 | €60,581 | -€7,158 | -10.6% |
| Current assets | 29/58 | €241,730 | €307,350 | +€65,619 | +27.1% |
| Stocks and contracts in progress | 3 | €136,200 | €214,349 | +€78,149 | +57.4% |
| Stocks | 30/36 | €136,200 | €214,349 | +€78,149 | +57.4% |
| Amounts receivable within one year | 40/41 | €87,589 | €80,681 | -€6,908 | -7.9% |
| Trade receivables | 40 | €77,234 | €77,754 | +€519 | +0.7% |
| Other amounts receivable | 41 | €10,355 | €2,928 | -€7,427 | -71.7% |
| Cash at bank and in hand | 54/58 | €14,923 | €7,297 | -€7,626 | -51.1% |
| Deferred charges and accrued income | 490/1 | €3,019 | €5,023 | +€2,004 | +66.4% |
| Total equity and liabilities | 10/49 | €1,332,425 | €1,389,551 | +€57,127 | +4.3% |
| Equity | 10/15 | €447,535 | €599,574 | +€152,039 | +34.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €400,000 | €580,000 | +€180,000 | +45.0% |
| Distributable reserves | 133 | €400,000 | €580,000 | +€180,000 | +45.0% |
| Profit (loss) carried forward | 14 | €42,535 | €14,574 | -€27,961 | -65.7% |
| Amounts payable | 17/49 | €884,889 | €789,977 | -€94,912 | -10.7% |
| Amounts payable after more than one year | 17 | €592,643 | €516,449 | -€76,194 | -12.9% |
| Financial debts | 170/4 | €592,643 | €516,449 | -€76,194 | -12.9% |
| Amounts payable within one year | 42/48 | €292,137 | €273,411 | -€18,726 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €75,665 | €77,214 | +€1,549 | +2.0% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €65,610 | €85,470 | +€19,860 | +30.3% |
| Suppliers | 440/4 | €65,610 | €85,470 | +€19,860 | +30.3% |
| Taxes, remuneration and social security | 45 | €483 | €19,566 | +€19,083 | +3949.0% |
| Taxes | 450/3 | €483 | €19,566 | +€19,083 | +3949.0% |
| Other amounts payable | 47/48 | €100,379 | €91,161 | -€9,217 | -9.2% |
| Accrued charges and deferred income | 492/3 | €110 | €117 | +€7 | +6.7% |
| Non-recurring operating income | 76A | €5,419 | €3,452 | -€1,967 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,705 | €140,318 | +€28,613 | +25.6% |
| Other operating charges | 640/8 | €6,768 | €6,531 | -€237 | -3.5% |
| Non-recurring operating charges | 66A | - | €2,031 | +€2,031 | |
| Gross operating margin | 9900 | €344,128 | €390,136 | +€46,009 | +13.4% |
| Operating profit (loss) | 9901 | €225,655 | €241,257 | +€15,602 | +6.9% |
| Financial income | 75/76B | €4 | €585 | +€582 | +14647.6% |
| Recurring financial income | 75 | €4 | €585 | +€582 | +14647.6% |
| Financial charges | 65/66B | €14,561 | €12,714 | -€1,847 | -12.7% |
| Recurring financial charges | 65 | €14,561 | €12,714 | -€1,847 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €211,097 | €229,128 | +€18,031 | +8.5% |
| Income taxes | 67/77 | €43,944 | €53,089 | +€9,145 | +20.8% |
| Profit (loss) for the period | 9904 | €167,153 | €176,039 | +€8,886 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €167,153 | €176,039 | +€8,886 | +5.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.