Betulla: 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.
Betulla
Largest movements
- Tangible fixed assets -€32,736
down €32,736 (-5.0%), from €660,167 to €627,431
of which Land and buildings: -€20,560
- Profit (loss) carried forward -€55,005
down €55,005 (-30.7%), from -€178,906 to -€233,910
- Other debts +€23,405
up €23,405 (+9.7%), from €240,467 to €263,872
- Other operating charges +€10,394
up €10,394 (+2048.6%), from €507 to €10,901
- Gross operating margin -€5,896
down €5,896 (-71.3%), from €8,264 to €2,368
- Financial charges -€308
down €308 (-2.2%), from €13,955 to €13,647
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 | €672,506 | €641,284 | -€31,223 | -4.6% |
| Fixed assets | 21/28 | €668,567 | €635,831 | -€32,736 | -4.9% |
| Tangible fixed assets | 22/27 | €660,167 | €627,431 | -€32,736 | -5.0% |
| Land and buildings | 22 | €600,804 | €580,244 | -€20,560 | -3.4% |
| Plant, machinery and equipment | 23 | €7,882 | €6,489 | -€1,393 | -17.7% |
| Furniture and vehicles | 24 | €51,481 | €40,697 | -€10,784 | -20.9% |
| Financial fixed assets | 28 | €8,400 | €8,400 | = | 0.0% |
| Current assets | 29/58 | €3,940 | €5,453 | +€1,514 | +38.4% |
| Cash at bank and in hand | 54/58 | €1,725 | €3,216 | +€1,491 | +86.4% |
| Deferred charges and accrued income | 490/1 | €2,215 | €2,238 | +€23 | +1.0% |
| Total equity and liabilities | 10/49 | €672,506 | €641,284 | -€31,223 | -4.6% |
| Equity | 10/15 | -€78,906 | -€133,910 | -€55,005 | -69.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,906 | -€233,910 | -€55,005 | -30.7% |
| Amounts payable | 17/49 | €751,412 | €775,194 | +€23,782 | +3.2% |
| Amounts payable after more than one year | 17 | €510,000 | €510,000 | = | 0.0% |
| Financial debts | 170/4 | €510,000 | €510,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €241,412 | €265,194 | +€23,782 | +9.9% |
| Trade debts | 44 | €804 | €1,051 | +€248 | +30.8% |
| Suppliers | 440/4 | €804 | €1,051 | +€248 | +30.8% |
| Taxes, remuneration and social security | 45 | €141 | €271 | +€130 | +92.0% |
| Taxes | 450/3 | €141 | €271 | +€130 | +92.0% |
| Other amounts payable | 47/48 | €240,467 | €263,872 | +€23,405 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,736 | €32,736 | = | 0.0% |
| Other operating charges | 640/8 | €507 | €10,901 | +€10,394 | +2048.6% |
| Gross operating margin | 9900 | €8,264 | €2,368 | -€5,896 | -71.3% |
| Operating profit (loss) | 9901 | -€24,980 | -€41,269 | -€16,289 | -65.2% |
| Financial income | 75/76B | - | €41 | +€41 | |
| Recurring financial income | 75 | - | €41 | +€41 | |
| Financial charges | 65/66B | €13,955 | €13,647 | -€308 | -2.2% |
| Recurring financial charges | 65 | €13,955 | €13,647 | -€308 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€38,935 | -€54,875 | -€15,940 | -40.9% |
| Income taxes | 67/77 | €141 | €130 | -€11 | -8.0% |
| Profit (loss) for the period | 9904 | -€39,076 | -€55,005 | -€15,928 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,076 | -€55,005 | -€15,928 | -40.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.