BETS Engineering: 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.
BETS Engineering
Largest movements
- Tangible fixed assets +€82,631
up €82,631 (+6138.6%), from €1,346 to €83,977
of which Leasing and similar rights: +€79,663
- Receivables within one year -€26,523
down €26,523 (-52.1%), from €50,931 to €24,408
of which Trade receivables: -€31,022
- Cash -€23,372
down €23,372 (-45.9%), from €50,881 to €27,509
mainly Investment in fixed assets (net) (-€94,113) and Contributions, distributions and other (-€51,650)
- Debts after one year +€45,335
new in 2024: €45,335
- Other debts -€14,960
down €14,960 (-25.4%), from €58,863 to €43,903
- Current portion of long-term debt +€11,013
new in 2024: €11,013
- Tax, wage and social debts -€9,617
down €9,617 (-38.7%), from €24,865 to €15,248
- Trade debts +€2,064
up €2,064 (+91.8%), from €2,248 to €4,312
- Depreciation +€10,646
up €10,646 (+1160.6%), from €917 to €11,563
- Taxes -€6,755
down €6,755 (-32.8%), from €20,618 to €13,862
- Gross operating margin -€5,643
down €5,643 (-6.1%), from €92,809 to €87,166
- Other operating charges +€5,543
up €5,543 (+602.2%), from €920 to €6,464
- Financial charges +€2,772
up €2,772 (+236.0%), from €1,175 to €3,947
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,840 | €138,690 | +€33,850 | +32.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,526 | €84,077 | +€82,551 | +5409.3% |
| Tangible fixed assets | 22/27 | €1,346 | €83,977 | +€82,631 | +6138.6% |
| Furniture and vehicles | 24 | €1,346 | €4,313 | +€2,967 | +220.4% |
| Leasing and similar rights | 25 | - | €79,663 | +€79,663 | |
| Financial fixed assets | 28 | €180 | €100 | -€80 | -44.4% |
| Current assets | 29/58 | €103,314 | €54,613 | -€48,700 | -47.1% |
| Amounts receivable within one year | 40/41 | €50,931 | €24,408 | -€26,523 | -52.1% |
| Trade receivables | 40 | €43,010 | €11,988 | -€31,022 | -72.1% |
| Other amounts receivable | 41 | €7,921 | €12,420 | +€4,500 | +56.8% |
| Cash at bank and in hand | 54/58 | €50,881 | €27,509 | -€23,372 | -45.9% |
| Deferred charges and accrued income | 490/1 | €1,502 | €2,697 | +€1,195 | +79.5% |
| Total equity and liabilities | 10/49 | €104,840 | €138,690 | +€33,850 | +32.3% |
| Equity | 10/15 | €18,864 | €18,879 | +€15 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €264 | €279 | +€15 | +5.8% |
| Amounts payable | 17/49 | €85,976 | €119,811 | +€33,835 | +39.4% |
| Amounts payable after more than one year | 17 | - | €45,335 | +€45,335 | |
| Financial debts | 170/4 | - | €45,335 | +€45,335 | |
| Amounts payable within one year | 42/48 | €85,976 | €74,475 | -€11,500 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | - | €11,013 | +€11,013 | |
| Trade debts | 44 | €2,248 | €4,312 | +€2,064 | +91.8% |
| Suppliers | 440/4 | €2,248 | €4,312 | +€2,064 | +91.8% |
| Taxes, remuneration and social security | 45 | €24,865 | €15,248 | -€9,617 | -38.7% |
| Taxes | 450/3 | €24,865 | €15,248 | -€9,617 | -38.7% |
| Other amounts payable | 47/48 | €58,863 | €43,903 | -€14,960 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €917 | €11,563 | +€10,646 | +1160.6% |
| Other operating charges | 640/8 | €920 | €6,464 | +€5,543 | +602.2% |
| Gross operating margin | 9900 | €92,809 | €87,166 | -€5,643 | -6.1% |
| Operating profit (loss) | 9901 | €90,971 | €69,139 | -€21,831 | -24.0% |
| Financial income | 75/76B | €77 | €335 | +€258 | +333.5% |
| Recurring financial income | 75 | €77 | €335 | +€258 | +333.5% |
| Financial charges | 65/66B | €1,175 | €3,947 | +€2,772 | +236.0% |
| Recurring financial charges | 65 | €1,175 | €3,947 | +€2,772 | +236.0% |
| Profit (loss) for the period before taxes | 9903 | €89,873 | €65,528 | -€24,346 | -27.1% |
| Income taxes | 67/77 | €20,618 | €13,862 | -€6,755 | -32.8% |
| Profit (loss) for the period | 9904 | €69,256 | €51,665 | -€17,590 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,256 | €51,665 | -€17,590 | -25.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.