Bettina: 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.
Bettina
Largest movements
- Tangible fixed assets +€44,173
up €44,173 (+20.7%), from €212,943 to €257,116
of which Plant, machinery and equipment: +€57,722
- Receivables within one year +€6,612
new in 2025: €6,612
- Debts after one year +€188,199
up €188,199 (+615.8%), from €30,563 to €218,761
of which Financial debts: +€192,598
- Trade debts -€112,927
down €112,927 (-90.3%), from €125,029 to €12,102
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Tax, wage and social debts +€20,261
up €20,261 (+50.4%), from €40,206 to €60,467
of which Taxes: +€10,378
- Reserves +€14,968
up €14,968 (+23.9%), from €62,624 to €77,592
of which Distributable reserves: +€14,968
- Staff costs +€56,553
up €56,553 (+89.2%), from €63,396 to €119,949
- Gross operating margin -€38,709
down €38,709 (-16.7%), from €232,014 to €193,305
- Other operating charges -€20,676
down €20,676 (-65.6%), from €31,520 to €10,844
- Depreciation -€18,360
down €18,360 (-37.0%), from €49,667 to €31,307
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €366,115 | €428,405 | +€62,290 | +17.0% |
| Fixed assets | 21/28 | €226,143 | €273,953 | +€47,811 | +21.1% |
| Tangible fixed assets | 22/27 | €212,943 | €257,116 | +€44,173 | +20.7% |
| Plant, machinery and equipment | 23 | €14,628 | €72,351 | +€57,722 | +394.6% |
| Furniture and vehicles | 24 | €9,846 | €8,372 | -€1,474 | -15.0% |
| Other tangible fixed assets | 26 | €188,468 | €176,393 | -€12,075 | -6.4% |
| Financial fixed assets | 28 | €13,200 | €16,837 | +€3,637 | +27.6% |
| Current assets | 29/58 | €139,972 | €154,452 | +€14,480 | +10.3% |
| Amounts receivable after more than one year | 29 | €28,308 | €28,308 | = | 0.0% |
| Other amounts receivable | 291 | €28,308 | €28,308 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €3,500 | +€3,500 | |
| Stocks | 30/36 | - | €3,500 | +€3,500 | |
| Amounts receivable within one year | 40/41 | - | €6,612 | +€6,612 | |
| Other amounts receivable | 41 | - | €6,612 | +€6,612 | |
| Cash at bank and in hand | 54/58 | €111,335 | €115,326 | +€3,991 | +3.6% |
| Deferred charges and accrued income | 490/1 | €329 | €706 | +€377 | +114.5% |
| Total equity and liabilities | 10/49 | €366,115 | €428,405 | +€62,290 | +17.0% |
| Equity | 10/15 | €68,824 | €83,792 | +€14,968 | +21.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €62,624 | €77,592 | +€14,968 | +23.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,764 | €75,732 | +€14,968 | +24.6% |
| Amounts payable | 17/49 | €297,291 | €344,613 | +€47,322 | +15.9% |
| Amounts payable after more than one year | 17 | €30,563 | €218,761 | +€188,199 | +615.8% |
| Financial debts | 170/4 | €14,888 | €207,485 | +€192,598 | +1293.7% |
| Other amounts payable | 178/9 | €15,675 | €11,276 | -€4,399 | -28.1% |
| Amounts payable within one year | 42/48 | €250,336 | €123,153 | -€127,183 | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €34,979 | €21,938 | -€13,041 | -37.3% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €125,029 | €12,102 | -€112,927 | -90.3% |
| Suppliers | 440/4 | €125,029 | €12,102 | -€112,927 | -90.3% |
| Taxes, remuneration and social security | 45 | €40,206 | €60,467 | +€20,261 | +50.4% |
| Taxes | 450/3 | €20,430 | €30,808 | +€10,378 | +50.8% |
| Remuneration and social security | 454/9 | €19,776 | €29,659 | +€9,883 | +50.0% |
| Other amounts payable | 47/48 | €25,122 | €28,646 | +€3,524 | +14.0% |
| Accrued charges and deferred income | 492/3 | €16,392 | €2,699 | -€13,693 | -83.5% |
| Remuneration, social security and pensions | 62 | €63,396 | €119,949 | +€56,553 | +89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,667 | €31,307 | -€18,360 | -37.0% |
| Other operating charges | 640/8 | €31,520 | €10,844 | -€20,676 | -65.6% |
| Gross operating margin | 9900 | €232,014 | €193,305 | -€38,709 | -16.7% |
| Operating profit (loss) | 9901 | €87,430 | €31,204 | -€56,226 | -64.3% |
| Financial income | 75/76B | - | €337 | +€337 | |
| Recurring financial income | 75 | - | €337 | +€337 | |
| Financial charges | 65/66B | €14,410 | €14,893 | +€483 | +3.4% |
| Recurring financial charges | 65 | €14,410 | €14,893 | +€483 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €73,021 | €16,649 | -€56,372 | -77.2% |
| Income taxes | 67/77 | €2,346 | €1,681 | -€665 | -28.3% |
| Profit (loss) for the period | 9904 | €70,675 | €14,968 | -€55,707 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,675 | €14,968 | -€55,707 | -78.8% |
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 11 October 2026 via checked.be.