BeTrue: 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.
BeTrue
Largest movements
- Cash -€70,729
down €70,729 (-65.2%), from €108,539 to €37,810
mainly Other debts (-€86,574) and Deferred charges and accrued income (-€1,791)
- Receivables within one year -€9,305
down €9,305 (-51.7%), from €17,993 to €8,688
of which Trade receivables: -€8,623
- Deferred charges and accrued income +€1,791
new in 2025: €1,791
- Other debts -€86,574
down €86,574 (-99.2%), from €87,302 to €727
- Reserves +€10,685
up €10,685 (+34.2%), from €31,229 to €41,914
- Tax, wage and social debts -€1,283
down €1,283 (-64.6%), from €1,987 to €704
- Gross operating margin -€27,776
down €27,776 (-61.2%), from €45,369 to €17,593
- Taxes -€7,283
down €7,283 (-66.3%), from €10,987 to €3,704
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 | €126,873 | €48,516 | -€78,357 | -61.8% |
| Fixed assets | 21/28 | €341 | €227 | -€114 | -33.4% |
| Tangible fixed assets | 22/27 | €341 | €227 | -€114 | -33.4% |
| Furniture and vehicles | 24 | €341 | €227 | -€114 | -33.4% |
| Current assets | 29/58 | €126,532 | €48,289 | -€78,244 | -61.8% |
| Amounts receivable within one year | 40/41 | €17,993 | €8,688 | -€9,305 | -51.7% |
| Trade receivables | 40 | €16,041 | €7,418 | -€8,623 | -53.8% |
| Other amounts receivable | 41 | €1,952 | €1,270 | -€682 | -35.0% |
| Cash at bank and in hand | 54/58 | €108,539 | €37,810 | -€70,729 | -65.2% |
| Deferred charges and accrued income | 490/1 | - | €1,791 | +€1,791 | |
| Total equity and liabilities | 10/49 | €126,873 | €48,516 | -€78,357 | -61.8% |
| Equity | 10/15 | €36,229 | €46,914 | +€10,685 | +29.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,229 | €41,914 | +€10,685 | +34.2% |
| Distributable reserves | 133 | €31,229 | €41,914 | +€10,685 | +34.2% |
| Amounts payable | 17/49 | €90,644 | €1,602 | -€89,042 | -98.2% |
| Amounts payable within one year | 42/48 | €90,644 | €1,602 | -€89,042 | -98.2% |
| Trade debts | 44 | €1,356 | €170 | -€1,185 | -87.4% |
| Suppliers | 440/4 | €1,356 | €170 | -€1,185 | -87.4% |
| Taxes, remuneration and social security | 45 | €1,987 | €704 | -€1,283 | -64.6% |
| Taxes | 450/3 | €1,987 | €704 | -€1,283 | -64.6% |
| Other amounts payable | 47/48 | €87,302 | €727 | -€86,574 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159 | €114 | -€46 | -28.6% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €45,369 | €17,593 | -€27,776 | -61.2% |
| Operating profit (loss) | 9901 | €44,761 | €17,018 | -€27,743 | -62.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,545 | €2,629 | +€84 | +3.3% |
| Recurring financial charges | 65 | €2,545 | €2,629 | +€84 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €42,216 | €14,389 | -€27,826 | -65.9% |
| Income taxes | 67/77 | €10,987 | €3,704 | -€7,283 | -66.3% |
| Profit (loss) for the period | 9904 | €31,229 | €10,685 | -€20,544 | -65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,229 | €10,685 | -€20,544 | -65.8% |
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 15 October 2026 via checked.be.