STUDIO BETON: what changed
STUDIO BETON
Largest movements
- Tangible fixed assets -€261,626
down €261,626 (-35.4%), from €738,205 to €476,579
- Receivables within one year -€133,234
down €133,234 (-38.8%), from €343,705 to €210,471
of which Trade receivables: -€88,753
- Intangible fixed assets -€57,913
down €57,913 (-18.3%), from €315,655 to €257,743
- Cash -€24,827
down €24,827 (-22.7%), from €109,511 to €84,684
mainly Net result for the year (-€570,098) and Trade debts (-€479,804)
- Profit (loss) carried forward -€570,098
down €570,098 (-3,846%), from -€14,822 to -€584,919
- Other debts +€550,725
up €550,725 (+306%), from €180,240 to €730,965
- Trade debts -€479,804
down €479,804 (-74.8%), from €641,322 to €161,517
- Tax, wage and social debts +€21,446
up €21,446 (+2,238%), from €958 to €22,404
of which Remuneration and social security: +€22,404
- Debts after one year -€19,522
down €19,522 (-6.9%), from €284,626 to €265,104
of which Financial debts: -€89,522
- Gross operating margin -€444,633
down €444,633 (-48.8%), from €911,684 to €467,051
- Staff costs -€113,960
down €113,960 (-14.3%), from €795,660 to €681,700
- Depreciation +€70,898
up €70,898 (+39.3%), from €180,593 to €251,491
- Financial charges +€13,540
up €13,540 (+55.4%), from €24,436 to €37,976
- Write-downs +€10,259
new in 2025: €10,259
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,507,076 | €1,029,476 | -€477,600 | -31.7% |
| Fixed assets | 21/28 | €1,053,860 | €734,321 | -€319,539 | -30.3% |
| Intangible fixed assets | 21 | €315,655 | €257,743 | -€57,913 | -18.3% |
| Tangible fixed assets | 22/27 | €738,205 | €476,579 | -€261,626 | -35.4% |
| Land and buildings | 22 | €99,840 | €80,102 | -€19,738 | -19.8% |
| Plant, machinery and equipment | 23 | €267,384 | €250,184 | -€17,200 | -6.4% |
| Furniture and vehicles | 24 | €50,805 | €29,222 | -€21,583 | -42.5% |
| Leasing and similar rights | 25 | €245,950 | €117,071 | -€128,879 | -52.4% |
| Other tangible fixed assets | 26 | €74,226 | €0 | -€74,226 | -100% |
| Current assets | 29/58 | €453,216 | €295,155 | -€158,061 | -34.9% |
| Amounts receivable within one year | 40/41 | €343,705 | €210,471 | -€133,234 | -38.8% |
| Trade receivables | 40 | €297,176 | €208,423 | -€88,753 | -29.9% |
| Other amounts receivable | 41 | €46,529 | €2,048 | -€44,481 | -95.6% |
| Cash at bank and in hand | 54/58 | €109,511 | €84,684 | -€24,827 | -22.7% |
| Total equity and liabilities | 10/49 | €1,507,076 | €1,029,476 | -€477,600 | -31.7% |
| Equity | 10/15 | €124,307 | -€445,791 | -€570,098 | |
| Contributions | 10/11 | €51,579 | €51,579 | = | 0.0% |
| Reserves | 13 | €87,550 | €87,550 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €62,550 | €62,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,822 | -€584,919 | -€570,098 | -3,846% |
| Amounts payable | 17/49 | €1,382,769 | €1,475,267 | +€92,498 | +6.7% |
| Amounts payable after more than one year | 17 | €284,626 | €265,104 | -€19,522 | -6.9% |
| Financial debts | 170/4 | €284,626 | €195,104 | -€89,522 | -31.5% |
| Other amounts payable | 178/9 | - | €70,000 | +€70,000 | |
| Amounts payable within one year | 42/48 | €1,098,143 | €1,210,163 | +€112,020 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €100,620 | €120,034 | +€19,414 | +19.3% |
| Financial debts | 43 | €175,003 | €175,020 | +€17 | 0.0% |
| Credit institutions | 430/8 | €175,003 | €175,020 | +€17 | 0.0% |
| Trade debts | 44 | €641,322 | €161,517 | -€479,804 | -74.8% |
| Suppliers | 440/4 | €641,322 | €161,517 | -€479,804 | -74.8% |
| Advances received on contracts in progress | 46 | - | €223 | +€223 | |
| Taxes, remuneration and social security | 45 | €958 | €22,404 | +€21,446 | +2,238% |
| Taxes | 450/3 | €958 | €0 | -€958 | -100% |
| Remuneration and social security | 454/9 | €0 | €22,404 | +€22,404 | |
| Other amounts payable | 47/48 | €180,240 | €730,965 | +€550,725 | +306% |
| Non-recurring operating income | 76A | €42,913 | €37,296 | -€5,617 | -13.1% |
| Remuneration, social security and pensions | 62 | €795,660 | €681,700 | -€113,960 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,593 | €251,491 | +€70,898 | +39.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,259 | +€10,259 | |
| Other operating charges | 640/8 | €14,712 | €15,079 | +€367 | +2.5% |
| Non-recurring operating charges | 66A | €9,344 | €40,226 | +€30,882 | +331% |
| Gross operating margin | 9900 | €911,684 | €467,051 | -€444,633 | -48.8% |
| Operating profit (loss) | 9901 | -€88,625 | -€531,705 | -€443,080 | -500% |
| Financial income | 75/76B | €167 | €6 | -€161 | -96.4% |
| Recurring financial income | 75 | €167 | €6 | -€161 | -96.4% |
| Financial charges | 65/66B | €24,436 | €37,976 | +€13,540 | +55.4% |
| Recurring financial charges | 65 | €24,436 | €37,976 | +€13,540 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | -€112,894 | -€569,675 | -€456,781 | -405% |
| Income taxes | 67/77 | - | €423 | +€423 | |
| Profit (loss) for the period | 9904 | -€112,894 | -€570,098 | -€457,203 | -405% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,894 | -€570,098 | -€457,203 | -405% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.