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Betrading: 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.

What changed

Betrading

BE 0728.916.396
NACE 33.120, Repair and maintenance of machinery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€176,039
2024 · €167,153+€8,886
Equity
€599,574
2024 · €447,535+€152,039
Cash
€7,297
2024 · €14,923-€7,626
Balance sheet total
€1.4m
2024 · €1.3m+€57,127

Largest movements

2024 to 2025
Assets
  • Stocks and contracts +€78,149

    up €78,149 (+57.4%), from €136,200 to €214,349

Equity and liabilities
  • Reserves +€180,000

    up €180,000 (+45.0%), from €400,000 to €580,000

  • Debts after one year -€76,194

    down €76,194 (-12.9%), from €592,643 to €516,449

  • Short-term financial debts -€50,000

    no longer reported in 2025 (was €50,000)

  • Profit (loss) carried forward -€27,961

    down €27,961 (-65.7%), from €42,535 to €14,574

  • Trade debts +€19,860

    up €19,860 (+30.3%), from €65,610 to €85,470

Income statement
  • Gross operating margin +€46,009

    up €46,009 (+13.4%), from €344,128 to €390,136

  • Depreciation +€28,613

    up €28,613 (+25.6%), from €111,705 to €140,318

  • Taxes +€9,145

    up €9,145 (+20.8%), from €43,944 to €53,089

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €167,153
Gross operating margin +€46,009
Depreciation -€28,613
Other operating charges +€237
Other operating items -€2,031
Financial income +€582
Financial charges +€1,847
Taxes -€9,145
Result 2025 €176,039

Cash bridge derived

cash 2024 to 2025

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.

From operations +€272,845
Investment -€131,825
Financing -€148,645
Cash 2024 €14,923
Net result for the year +€176,039
Depreciation +€140,318
Stocks and contracts -€78,149
Receivables within one year +€6,908
Deferred charges and accrued income -€2,004
Trade debts +€19,860
Tax, wage and social debts +€19,083
Other debts -€9,217
Accrued charges and deferred income +€7
Investment in fixed assets (net) -€131,825
Debts after one year -€76,194
Current portion of long-term debt +€1,549
Short-term financial debts -€50,000
Contributions, distributions and other -€24,000
Cash 2025 €7,297
Every line side by side 47 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,332,425 €1,389,551 +€57,127 +4.3%
Fixed assets 21/28 €1,090,694 €1,082,202 -€8,493 -0.8%
Tangible fixed assets 22/27 €1,090,694 €1,082,202 -€8,493 -0.8%
Land and buildings 22 €719,922 €717,458 -€2,463 -0.3%
Plant, machinery and equipment 23 €303,034 €304,162 +€1,129 +0.4%
Furniture and vehicles 24 €67,739 €60,581 -€7,158 -10.6%
Current assets 29/58 €241,730 €307,350 +€65,619 +27.1%
Stocks and contracts in progress 3 €136,200 €214,349 +€78,149 +57.4%
Stocks 30/36 €136,200 €214,349 +€78,149 +57.4%
Amounts receivable within one year 40/41 €87,589 €80,681 -€6,908 -7.9%
Trade receivables 40 €77,234 €77,754 +€519 +0.7%
Other amounts receivable 41 €10,355 €2,928 -€7,427 -71.7%
Cash at bank and in hand 54/58 €14,923 €7,297 -€7,626 -51.1%
Deferred charges and accrued income 490/1 €3,019 €5,023 +€2,004 +66.4%
Total equity and liabilities 10/49 €1,332,425 €1,389,551 +€57,127 +4.3%
Equity 10/15 €447,535 €599,574 +€152,039 +34.0%
Contributions 10/11 €5,000 €5,000 = 0.0%
Reserves 13 €400,000 €580,000 +€180,000 +45.0%
Distributable reserves 133 €400,000 €580,000 +€180,000 +45.0%
Profit (loss) carried forward 14 €42,535 €14,574 -€27,961 -65.7%
Amounts payable 17/49 €884,889 €789,977 -€94,912 -10.7%
Amounts payable after more than one year 17 €592,643 €516,449 -€76,194 -12.9%
Financial debts 170/4 €592,643 €516,449 -€76,194 -12.9%
Amounts payable within one year 42/48 €292,137 €273,411 -€18,726 -6.4%
Current portion of amounts payable after more than one year 42 €75,665 €77,214 +€1,549 +2.0%
Financial debts 43 €50,000 - -€50,000
Credit institutions 430/8 €50,000 - -€50,000
Trade debts 44 €65,610 €85,470 +€19,860 +30.3%
Suppliers 440/4 €65,610 €85,470 +€19,860 +30.3%
Taxes, remuneration and social security 45 €483 €19,566 +€19,083 +3949.0%
Taxes 450/3 €483 €19,566 +€19,083 +3949.0%
Other amounts payable 47/48 €100,379 €91,161 -€9,217 -9.2%
Accrued charges and deferred income 492/3 €110 €117 +€7 +6.7%
Non-recurring operating income 76A €5,419 €3,452 -€1,967 -36.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €111,705 €140,318 +€28,613 +25.6%
Other operating charges 640/8 €6,768 €6,531 -€237 -3.5%
Non-recurring operating charges 66A - €2,031 +€2,031
Gross operating margin 9900 €344,128 €390,136 +€46,009 +13.4%
Operating profit (loss) 9901 €225,655 €241,257 +€15,602 +6.9%
Financial income 75/76B €4 €585 +€582 +14647.6%
Recurring financial income 75 €4 €585 +€582 +14647.6%
Financial charges 65/66B €14,561 €12,714 -€1,847 -12.7%
Recurring financial charges 65 €14,561 €12,714 -€1,847 -12.7%
Profit (loss) for the period before taxes 9903 €211,097 €229,128 +€18,031 +8.5%
Income taxes 67/77 €43,944 €53,089 +€9,145 +20.8%
Profit (loss) for the period 9904 €167,153 €176,039 +€8,886 +5.3%
Profit (loss) for the period to be appropriated 9905 €167,153 €176,039 +€8,886 +5.3%

Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.