BETRAMIN: 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.
What changed
BETRAMIN
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €3.8m-€2.0m
Equity
€27.8m
2024 · €28.6m-€786,993
Cash
€3.9m
2024 · €6.3m-€2.4m
Balance sheet total
€29.1m
2024 · €29.4m-€324,758
Largest movements
Assets
- Current investments +€3.9m
up €3.9m (+34.5%), from €11.2m to €15.0m
- Cash -€2.4m
down €2.4m (-37.3%), from €6.3m to €3.9m
mainly Current investments (-€3.9m) and Contributions, distributions and other (-€2.6m)
- Receivables within one year -€878,160
down €878,160 (-86.3%), from €1.0m to €139,000
of which Other amounts receivable: -€877,961
- Receivables after one year -€775,000
down €775,000 (-100%), from €775,000 to €0
Equity and liabilities
- Contributions -€1.3m
down €1.3m (-70.2%), from €1.8m to €545,366
- Reserves +€496,128
up €496,128 (+2.4%), from €20.3m to €20.8m
of which Distributable reserves: +€1.0m
Income statement
- Financial income -€1.9m
down €1.9m (-46.5%), from €4.1m to €2.2m
- Financial charges +€335,265
up €335,265 (+2,603%), from €12,880 to €348,144
- Taxes -€306,888
down €306,888 (-52.9%), from €580,111 to €273,223
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
€3.8m
Gross operating margin
-€2,170
Depreciation
-€2,670
Other operating charges
-€1,462
Financial income
-€1.9m
Financial charges
-€335,265
Taxes
+€306,888
Deferred taxes and other
+€428
Result 2025
€1.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.1m
Investment
-€3.8m
Financing
-€2.6m
Cash 2024
€6.3m
From operations (derived)
+€4.1m
Net result for the year
+€1.8m
Depreciation
+€150,872
Receivables after one year
+€775,000
Receivables within one year
+€878,160
Smaller working-capital items
+€2,251
Provisions
-€14,638
Trade debts
+€14,720
Tax, wage and social debts
+€213,949
Other debts
+€262,927
Investment (derived)
-€3.8m
Investment in fixed assets (net)
+€25,781
Current investments
-€3.9m
Financing
-€2.6m
Debts after one year
-€13,500
Contributions, distributions and other
-€2.6m
Cash 2025
€3.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,430,196 | €29,105,438 | -€324,758 | -1.1% |
| Fixed assets | 21/28 | €10,132,507 | €9,955,854 | -€176,653 | -1.7% |
| Tangible fixed assets | 22/27 | €1,859,730 | €1,712,477 | -€147,253 | -7.9% |
| Land and buildings | 22 | €1,631,770 | €1,538,547 | -€93,223 | -5.7% |
| Plant, machinery and equipment | 23 | €175,595 | €127,971 | -€47,623 | -27.1% |
| Furniture and vehicles | 24 | €52,365 | €40,040 | -€12,325 | -23.5% |
| Other tangible fixed assets | 26 | - | €5,919 | +€5,919 | |
| Financial fixed assets | 28 | €8,272,777 | €8,243,377 | -€29,400 | -0.4% |
| Current assets | 29/58 | €19,297,689 | €19,149,584 | -€148,105 | -0.8% |
| Amounts receivable after more than one year | 29 | €775,000 | €0 | -€775,000 | -100% |
| Other amounts receivable | 291 | €775,000 | €0 | -€775,000 | -100% |
| Amounts receivable within one year | 40/41 | €1,017,160 | €139,000 | -€878,160 | -86.3% |
| Trade receivables | 40 | €199 | €0 | -€199 | -100% |
| Other amounts receivable | 41 | €1,016,961 | €139,000 | -€877,961 | -86.3% |
| Current investments | 50/53 | €11,181,047 | €15,042,112 | +€3.9m | +34.5% |
| Cash at bank and in hand | 54/58 | €6,299,541 | €3,947,003 | -€2.4m | -37.3% |
| Deferred charges and accrued income | 490/1 | €24,941 | €21,468 | -€3,473 | -13.9% |
| Total equity and liabilities | 10/49 | €29,430,196 | €29,105,438 | -€324,758 | -1.1% |
| Equity | 10/15 | €28,617,928 | €27,830,935 | -€786,993 | -2.7% |
| Contributions | 10/11 | €1,828,487 | €545,366 | -€1.3m | -70.2% |
| Capital | 10 | €1,828,487 | €545,366 | -€1.3m | -70.2% |
| Issued capital | 100 | €1,828,487 | €545,366 | -€1.3m | -70.2% |
| Revaluation surpluses | 12 | €6,475,114 | €6,475,114 | = | 0.0% |
| Reserves | 13 | €20,314,327 | €20,810,455 | +€496,128 | +2.4% |
| Non-distributable reserves | 130/1 | €182,849 | €182,849 | = | 0.0% |
| Legal reserve | 130 | €182,849 | €182,849 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,562,154 | €1,023,227 | -€538,927 | -34.5% |
| Distributable reserves | 133 | €18,569,324 | €19,604,380 | +€1.0m | +5.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €135,752 | €121,113 | -€14,638 | -10.8% |
| Deferred taxes | 168 | €135,752 | €121,113 | -€14,638 | -10.8% |
| Amounts payable | 17/49 | €676,516 | €1,153,389 | +€476,873 | +70.5% |
| Amounts payable after more than one year | 17 | €313,500 | €300,000 | -€13,500 | -4.3% |
| Financial debts | 170/4 | €313,500 | €300,000 | -€13,500 | -4.3% |
| Amounts payable within one year | 42/48 | €363,016 | €851,526 | +€488,510 | +135% |
| Current portion of amounts payable after more than one year | 42 | €13,500 | €13,500 | = | 0.0% |
| Trade debts | 44 | €9,208 | €23,928 | +€14,720 | +160% |
| Suppliers | 440/4 | €9,208 | €23,928 | +€14,720 | +160% |
| Advances received on contracts in progress | 46 | €5,274 | €2,190 | -€3,085 | -58.5% |
| Taxes, remuneration and social security | 45 | €335,033 | €548,982 | +€213,949 | +63.9% |
| Taxes | 450/3 | €335,033 | €548,982 | +€213,949 | +63.9% |
| Other amounts payable | 47/48 | €0 | €262,927 | +€262,927 | |
| Accrued charges and deferred income | 492/3 | - | €1,863 | +€1,863 | |
| Non-recurring operating income | 76A | €0 | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,202 | €150,872 | +€2,670 | +1.8% |
| Other operating charges | 640/8 | €21,608 | €23,070 | +€1,462 | +6.8% |
| Gross operating margin | 9900 | €407,453 | €405,283 | -€2,170 | -0.5% |
| Operating profit (loss) | 9901 | €237,642 | €231,341 | -€6,301 | -2.7% |
| Financial income | 75/76B | €4,144,103 | €2,218,260 | -€1.9m | -46.5% |
| Recurring financial income | 75 | €4,144,103 | €2,218,260 | -€1.9m | -46.5% |
| Financial charges | 65/66B | €12,880 | €348,144 | +€335,265 | +2,603% |
| Recurring financial charges | 65 | €12,880 | €348,144 | +€335,265 | +2,603% |
| Profit (loss) for the period before taxes | 9903 | €4,368,866 | €2,101,457 | -€2.3m | -51.9% |
| Transfer from deferred taxes | 780 | €14,210 | €14,638 | +€428 | +3.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €580,111 | €273,223 | -€306,888 | -52.9% |
| Profit (loss) for the period | 9904 | €3,802,965 | €1,842,872 | -€2.0m | -51.5% |
| Transfer from tax-exempt reserves | 789 | €28,233 | €686,277 | +€658,044 | +2,331% |
| Transfer to tax-exempt reserves | 689 | €631,500 | €147,350 | -€484,150 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,199,699 | €2,381,800 | -€817,899 | -25.6% |
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 30 October 2026 via checked.be.