De Betze: 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.
De Betze
Largest movements
- Receivables within one year +€216,678
up €216,678 (+170%), from €127,525 to €344,203
of which Trade receivables: +€157,432
- Cash +€50,022
new in 2025: €50,022
mainly Trade debts (+€242,432) and Net result for the year (+€61,701)
- Tangible fixed assets -€35,400
down €35,400 (-5.3%), from €668,981 to €633,581
of which Land and buildings: -€25,301
- Trade debts +€242,432
up €242,432 (+511%), from €47,438 to €289,869
- Profit (loss) carried forward +€61,701
up €61,701 (+40.0%), from -€154,409 to -€92,708
- Debts after one year -€61,033
down €61,033 (-11.6%), from €526,747 to €465,714
- Gross operating margin +€204,422
up €204,422, from -€59,111 to €145,312
- Depreciation -€32,992
down €32,992 (-46.3%), from €71,273 to €38,280
- Financial charges +€13,911
up €13,911 (+71.8%), from €19,371 to €33,281
- Other operating charges +€8,073
up €8,073 (+181%), from €4,460 to €12,533
- Financial income +€4,004
new in 2025: €4,004
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 | €819,044 | €1,048,655 | +€229,612 | +28.0% |
| Fixed assets | 21/28 | €668,981 | €633,581 | -€35,400 | -5.3% |
| Tangible fixed assets | 22/27 | €668,981 | €633,581 | -€35,400 | -5.3% |
| Land and buildings | 22 | €517,827 | €492,525 | -€25,301 | -4.9% |
| Plant, machinery and equipment | 23 | €100,931 | €94,657 | -€6,274 | -6.2% |
| Furniture and vehicles | 24 | €50,223 | €46,399 | -€3,824 | -7.6% |
| Current assets | 29/58 | €150,063 | €415,074 | +€265,012 | +177% |
| Stocks and contracts in progress | 3 | €20,850 | €20,850 | = | 0.0% |
| Stocks | 30/36 | €20,850 | €20,850 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €127,525 | €344,203 | +€216,678 | +170% |
| Trade receivables | 40 | €11,989 | €169,421 | +€157,432 | +1,313% |
| Other amounts receivable | 41 | €115,536 | €174,781 | +€59,246 | +51.3% |
| Current investments | 50/53 | €1,688 | €0 | -€1,688 | -100% |
| Cash at bank and in hand | 54/58 | - | €50,022 | +€50,022 | |
| Total equity and liabilities | 10/49 | €819,044 | €1,048,655 | +€229,612 | +28.0% |
| Equity | 10/15 | €185,904 | €247,604 | +€61,701 | +33.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €321,713 | €321,713 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,149 | €8,149 | = | 0.0% |
| Distributable reserves | 133 | €313,564 | €313,564 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,409 | -€92,708 | +€61,701 | +40.0% |
| Amounts payable | 17/49 | €633,140 | €801,051 | +€167,911 | +26.5% |
| Amounts payable after more than one year | 17 | €526,747 | €465,714 | -€61,033 | -11.6% |
| Financial debts | 170/4 | €526,747 | €465,714 | -€61,033 | -11.6% |
| Amounts payable within one year | 42/48 | €106,393 | €335,337 | +€228,944 | +215% |
| Current portion of amounts payable after more than one year | 42 | €38,972 | €38,498 | -€474 | -1.2% |
| Financial debts | 43 | - | €2,916 | +€2,916 | |
| Credit institutions | 430/8 | - | €2,916 | +€2,916 | |
| Trade debts | 44 | €47,438 | €289,869 | +€242,432 | +511% |
| Suppliers | 440/4 | €47,438 | €289,869 | +€242,432 | +511% |
| Taxes, remuneration and social security | 45 | €13,747 | €4,054 | -€9,693 | -70.5% |
| Taxes | 450/3 | €13,747 | €4,054 | -€9,693 | -70.5% |
| Other amounts payable | 47/48 | €6,236 | - | -€6,236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,273 | €38,280 | -€32,992 | -46.3% |
| Other operating charges | 640/8 | €4,460 | €12,533 | +€8,073 | +181% |
| Gross operating margin | 9900 | -€59,111 | €145,312 | +€204,422 | |
| Operating profit (loss) | 9901 | -€134,843 | €94,498 | +€229,341 | |
| Financial income | 75/76B | - | €4,004 | +€4,004 | |
| Recurring financial income | 75 | - | €4,004 | +€4,004 | |
| Financial charges | 65/66B | €19,371 | €33,281 | +€13,911 | +71.8% |
| Recurring financial charges | 65 | €19,371 | €33,281 | +€13,911 | +71.8% |
| Profit (loss) for the period before taxes | 9903 | -€154,214 | €65,221 | +€219,435 | |
| Income taxes | 67/77 | €195 | €3,520 | +€3,325 | +1,705% |
| Profit (loss) for the period | 9904 | -€154,409 | €61,701 | +€216,110 | |
| Profit (loss) for the period to be appropriated | 9905 | -€154,409 | €61,701 | +€216,110 |
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 29 October 2026 via checked.be.