BETWO: 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.
BETWO
Largest movements
- Cash -€1.4m
down €1.4m (-74.6%), from €1.8m to €468,978
mainly Receivables after one year (-€1.2m) and Debts after one year (-€309,540)
- Receivables after one year +€1.2m
up €1.2m (+93.3%), from €1.3m to €2.5m
- Debts after one year -€309,540
down €309,540 (-6.6%), from €4.7m to €4.4m
- Reserves +€131,451
up €131,451 (+11.8%), from €1.1m to €1.2m
- Gross operating margin -€961,743
down €961,743 (-83.3%), from €1.2m to €193,407
- Taxes -€220,401
down €220,401 (-83.3%), from €264,569 to €44,168
- Financial income +€117,331
up €117,331 (+1,318%), from €8,905 to €126,236
- Financial charges +€58,491
up €58,491 (+68.5%), from €85,404 to €143,895
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 | €8,750,014 | €8,565,613 | -€184,401 | -2.1% |
| Fixed assets | 21/28 | €5,500,000 | €5,500,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,500,000 | €5,500,000 | = | 0.0% |
| Current assets | 29/58 | €3,250,014 | €3,065,613 | -€184,401 | -5.7% |
| Amounts receivable after more than one year | 29 | €1,270,000 | €2,455,014 | +€1.2m | +93.3% |
| Other amounts receivable | 291 | €1,270,000 | €2,455,014 | +€1.2m | +93.3% |
| Amounts receivable within one year | 40/41 | €124,577 | €141,621 | +€17,044 | +13.7% |
| Trade receivables | 40 | €111,925 | €60,500 | -€51,425 | -45.9% |
| Other amounts receivable | 41 | €12,652 | €81,121 | +€68,469 | +541% |
| Cash at bank and in hand | 54/58 | €1,846,532 | €468,978 | -€1.4m | -74.6% |
| Deferred charges and accrued income | 490/1 | €8,905 | €0 | -€8,905 | -100% |
| Total equity and liabilities | 10/49 | €8,750,014 | €8,565,613 | -€184,401 | -2.1% |
| Equity | 10/15 | €3,766,411 | €3,897,862 | +€131,451 | +3.5% |
| Contributions | 10/11 | €2,650,000 | €2,650,000 | = | 0.0% |
| Reserves | 13 | €1,116,411 | €1,247,862 | +€131,451 | +11.8% |
| Distributable reserves | 133 | €1,116,411 | €1,247,862 | +€131,451 | +11.8% |
| Amounts payable | 17/49 | €4,983,603 | €4,667,751 | -€315,852 | -6.3% |
| Amounts payable after more than one year | 17 | €4,674,568 | €4,365,028 | -€309,540 | -6.6% |
| Financial debts | 170/4 | €4,674,568 | €4,365,028 | -€309,540 | -6.6% |
| Amounts payable within one year | 42/48 | €262,362 | €256,049 | -€6,313 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €205,000 | €205,000 | = | 0.0% |
| Trade debts | 44 | €459 | €955 | +€496 | +108% |
| Suppliers | 440/4 | €459 | €955 | +€496 | +108% |
| Taxes, remuneration and social security | 45 | €56,903 | €50,094 | -€6,809 | -12.0% |
| Taxes | 450/3 | €56,903 | €50,094 | -€6,809 | -12.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €46,674 | €46,674 | = | 0.0% |
| Other operating charges | 640/8 | €373 | €128 | -€245 | -65.7% |
| Gross operating margin | 9900 | €1,155,150 | €193,407 | -€961,743 | -83.3% |
| Operating profit (loss) | 9901 | €1,154,777 | €193,279 | -€961,498 | -83.3% |
| Financial income | 75/76B | €8,905 | €126,236 | +€117,331 | +1,318% |
| Recurring financial income | 75 | €8,905 | €126,236 | +€117,331 | +1,318% |
| Financial charges | 65/66B | €85,404 | €143,895 | +€58,491 | +68.5% |
| Recurring financial charges | 65 | €85,404 | €143,895 | +€58,491 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | €1,078,277 | €175,620 | -€902,657 | -83.7% |
| Income taxes | 67/77 | €264,569 | €44,168 | -€220,401 | -83.3% |
| Profit (loss) for the period | 9904 | €813,708 | €131,451 | -€682,257 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €813,708 | €131,451 | -€682,257 | -83.8% |
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 30 October 2026 via checked.be.