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BTN

Active Public limited companyfounded 1983active for 43 yearsRue du Progrès 16, 4821 DisonKBO/BCE: BE 0424.672.928 subsidiary of HH CONSULT#2 employer in the province of Liège, Machinery and equipment sector

Annual accounts 2025

full format, filed on 02-07-2026, 29 days before the deadline
€31.1m
▲ 6.7%
€2.6m
▲ 137%
€3.6m
▲ 80.3%
€2.6m
▲ 97.5%
43.1%
▲ 3.0 percentage points
1.81
▲ 0.16

Money flows

of every €100 of turnover, €5.29 remains as profit in 2025

Balance sheet

balance sheet total €17.0m on 31-12-2025
What the company ownsHow it is paid for

in €m

in €m

Position in the sector

43.1%

Higher than 54% of 384 companies in 2025.

1.81

Higher than 56% of 382 companies in 2025.

9.7%

Higher than 73% of 383 companies in 2025.

BTN Middle half of the sector 80% of the sector Full accounts in machinery and equipment (NACE 28)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter

Staff

Men and women8% women

135 men and 11.5 women in full-time equivalents in 2025.

€56,768

Men €58,579, women €70,064 per full-time equivalent. Jobs differ, so this is not a pay gap.

+11 people

people who joined people who left

In 2025, 241 people joined and 230 left. Training hours in 2025: 1,216. Agency workers: 5.6 on average.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 17.0m14.9m12.8m13.0m9.3m8.5m8.8m7.9m7.4m6.1m6.4m6.6m6.3m6.4m6.6m5.5m5.8m5.7m4.3m2.7m
20 -------------07,79822,92138,04453,16768,291-
21/28 6.2m6.0m3.8m3.5m2.7m2.8m3.2m3.6m3.0m2.7m2.4m2.8m2.3m2.3m2.4m2.2m2.4m2.3m1.5m71,693
21 1,5172,2173,0999121,6422,3724,0141,9573,2305,0146,2713,8435,2814,54500000627
22/27 6.2m6.0m3.8m3.5m2.7m2.8m3.2m3.6m3.0m2.7m2.4m2.8m2.3m2.3m2.4m2.2m2.3m2.3m1.5m71,066
22 2.4m2.5m2.5m2.2m1.3m1.4m1.5m1.6m1.7m1.7m1.3m1.4m1.5m1.6m1.7m1.8m1.9m2.0m265,725-
23 493,625612,958682,496471,502530,632636,600662,790486,701556,808621,668708,581788,757671,310597,305574,703380,026338,928109,14953,33126,405
24 55,25325,50735,95619,72017,40627,38724,58715,96228,16655,51257,69070,36043,62034,10239,33239,05051,37861,25325,45531,616
25 2.5m2.9m642,984818,194844,937---------------
26 ----------00883,0899,64416,40125,18733,97310,25913,045
27 718,99700030,6670097,705--0101,41799,36725,476--001.1m-
28 10,00010,000------------------
280 ----------------00--
281 ----------------00--
282 ----------------00--
283 ----------------00--
284/8 10,00010,000------------------
284 10,00010,000--------------00--
285/8 ----------------00--
29/58 10.8m8.9m9.0m9.5m6.6m5.7m5.6m4.3m4.4m3.3m3.9m3.9m4.0m4.1m4.2m3.3m3.4m3.3m2.8m2.6m
29 ---------60,662117,802157,155214,295271,435328,575-----
290 ---------17,78717,787-000000--
291 ---------42,875100,015157,155214,295271,435328,575000--
3 6.2m5.9m5.4m4.7m3.0m1.7m2.0m2.1m1.5m1.3m1.4m1.3m1.1m1.4m1.4m1.2m964,438607,116876,099967,102
30/36 5.5m5.6m5.0m4.4m2.5m1.6m1.6m1.8m1.2m1.1m1.2m1.0m946,4661.4m1.2m996,522832,881585,363782,126816,836
30/31 5.5m5.6m5.0m4.4m2.5m1.6m1.6m1.8m1.2m1.1m1.2m1.0m946,4661.4m1.2m996,522832,881585,363782,126816,836
32 --------------0-00--
33 --------------0-00--
34 --------------0-00--
35 --------------0-00--
36 --------------0-00--
37 708,793341,228373,794313,146532,350157,751411,114340,888215,316195,164185,929261,336188,99321,825207,465175,712131,55721,75493,973150,266
40/41 2.1m1.9m2.6m3.6m2.4m1.8m2.0m1.8m2.4m1.5m1.6m2.1m2.1m2.0m2.2m1.9m1.3m2.3m1.6m1.0m
40 1.3m1.4m2.1m3.2m2.0m1.4m1.7m1.5m2.3m1.3m1.5m1.8m1.9m1.8m2.0m1.7m1.2m2.1m1.4m946,153
41 805,588450,139508,470413,405465,095401,625318,563255,804128,728216,984152,263218,470176,770118,533202,991158,47999,255125,506155,60379,939
50/53 339,386------------------500,000
50 --------------0000--
51/53 339,386-------------0000-500,000
54/58 2.1m1.0m954,2601.1m1.1m2.2m1.6m408,188553,932539,107838,508372,861537,005449,847295,997268,7411.1m467,773302,980126,440
490/1 41,56365,83224,15140,21237,53761,6126,3624,8464,5034,1317,4547,4846,01933322,268019,7581,19457414,222
Balance sheet: equity and liabilities
10/49 17.0m14.9m12.8m13.0m9.3m8.5m8.8m7.9m7.4m6.1m6.4m6.6m6.3m6.4m6.6m5.5m5.8m5.7m4.3m2.7m
10/15 7.3m6.0m5.6m4.7m4.3m4.3m3.1m2.4m2.0m1.7m1.8m1.6m1.5m1.3m1.2m998,2911.7m1.2m717,154393,947
10/11 148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800
10 148,800148,800148,800148,800148,800---------------
100 148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800148,800
101 --------------0000--
11 --------------0000--
1100/10 --------------0000--
12 --------------0000--
13 1.2m726,410726,410726,410726,410726,410452,760359,360388,480414,880414,880414,880414,880414,880414,88014,88014,88014,88014,88014,880
130/1 14,88014,88014,88014,88014,88014,880--42,875100,015157,155214,295271,435328,575385,715-----
130 14,88014,88014,88014,88014,88014,88014,88014,88014,88014,88014,88014,88014,88014,88014,88014,88014,88014,88014,88014,880
1312 --------------0000--
1319 -----00042,875100,015157,155214,295271,435328,575385,715000--
132 547,300129,080273,650273,650444,530711,530437,880344,480173,600-----0000--
133 686,729582,450437,880437,880267,000000157,125299,985242,845185,705128,56571,42514,285000--
14 5.5m4.9m4.4m3.6m3.1m3.2m2.3m1.6m1.2m947,441922,931733,574668,102507,211397,990614,8811.3m769,546451,361230,267
15 435,675256,113305,381205,444311,449265,759237,358265,510203,409234,235270,284301,161269,155277,393199,409219,729229,942221,154102,113-
19 --------------0000--
16 470,000250,000250,000-------2,3595,41920,978106,51115,15024,40199,958--5,000
160/5 470,000250,000250,000-------2,3595,41920,978106,51115,15024,40199,958--5,000
160 -----000002,3595,4198,47811,51115,15024,40114,2720--
161 --------------0000--
162 --------------0000--
164/5 470,000250,000250,000-------0012,50095,0000085,6860-5,000
168 --------------0000--
17/49 9.2m8.7m7.0m8.3m5.0m4.2m5.6m5.5m5.4m4.3m4.6m5.0m4.8m4.9m5.4m4.5m4.0m4.5m3.6m2.3m
17 3.2m3.2m1.3m1.7m1.1m1.4m1.9m2.0m1.3m1.3m1.1m1.7m1.8m2.1m2.3m2.2m2.5m2.6m1.8m618,915
170/4 3.2m3.2m1.3m1.7m1.1m1.4m1.9m2.0m1.3m1.3m1.1m1.7m1.8m2.1m2.3m2.2m2.5m2.6m1.8m618,915
170 -----00006,25031,250265,965495,565725,165855,565986,1651.1m1.2m1.1m618,915
171 -----0000000000000--
172 1.9m2.3m320,965535,689690,690684,249880,0751.2m433,440138,271225,911323,14950,04166,85248,53911,59619,04430,555--
173 1.3m940,298983,4251.2m448,097736,860974,990812,489894,8291.2m861,7251.1m1.2m1.3m1.4m1.2m1.3m1.3m670,160-
174 --------------0000--
1750 --------------0000--
1751 --------------0000--
176 --------------0000--
178/9 --------------0000--
42/48 6.0m5.4m5.6m6.6m3.8m2.8m3.8m3.5m4.1m3.0m3.5m3.3m3.0m2.8m3.1m2.3m1.5m1.9m1.8m1.7m
42 682,9691.3m1.1m749,640863,731669,363889,7071.1m1.1m629,397802,220618,784510,807401,553380,297289,048281,311234,579-37,500
43 750,4450500,000950,000---250,000420,000--250,000--230,001----373,736
430/8 750,4450500,000950,000---250,000420,00000250,000--230,000000-373,736
439 --------------1000--
44 2.4m2.9m2.4m3.5m2.2m1.4m1.8m1.1m1.8m1.3m1.4m1.2m1.1m1.3m1.2m1.1m906,2561.4m1.5m943,864
440/4 2.4m2.9m2.4m3.5m2.2m1.4m1.8m1.1m1.8m1.3m1.4m1.2m1.1m1.3m1.2m1.1m906,2561.4m1.4m919,661
441 --------------0009,12432,84024,203
46 --------------0000--
45 1.5m1.2m1.2m1.1m765,049672,225950,481777,895638,440689,659892,594952,663867,052664,3991.0m760,978329,030341,673223,448269,245
450/3 173,2055,140244,708290,3421,77827,700214,849215,8233,841236,754480,760532,238375,001262,891570,110428,13564,58166,08915,61683,888
454/9 1.3m1.2m1.0m817,341763,271644,525735,632562,071634,598452,906411,833420,425492,052401,508446,447332,843264,449275,583207,832185,357
47/48 622,79625,753363,730324,37251,10391,861156,418226,645187,170383,426426,850267,266605,246408,955258,851115,0004,3200115,83358,845
492/3 046,30634,3970001,5000024,000--14,99708,814009384,3664,497
Income statement
70/76A 32.2m29.7m29.4m27.3m19.2m15.9m17.0m16.4m14.7m12.1m12.5m11.3m12.7m12.7m11.9m9.0m7.8m8.0m7.3m5.6m
70 31.1m29.2m28.9m27.2m18.3m15.7m16.4m15.8m14.2m11.8m12.4m10.9m12.2m12.5m11.6m8.7m7.4m8.0m7.4m5.5m
71 367,565-32,56660,648-219,204374,599-253,36270,226125,57220,1539,234-75,40772,344167,168-185,64031,75344,155109,803-72,220-56,29394,156
72 -------------00000--
74 461,649516,901467,018345,308467,196---------------
76A 280,3159,5414,86815,8447834,80389,02625126,1497,29810,32818,9724,96718,6594,0211259,2521,6668,086687
60/66A 29.6m28.5m27.5m25.8m18.3m14.3m15.1m14.7m13.8m11.3m11.4m10.7m11.5m11.8m10.9m8.2m6.9m7.3m6.8m5.4m
60 16.9m16.7m17.5m17.6m11.3m8.2m8.8m8.8m7.9m6.3m6.6m5.9m6.7m7.1m6.8m4.9m3.9m4.5m4.4m3.2m
600/8 16.8m17.2m18.1m19.5m12.2m8.1m8.7m9.3m8.1m6.2m6.7m5.9m6.3m7.3m7.0m5.1m4.1m4.3m4.3m3.3m
609 55,244-560,939-635,506-1.9m-931,60075,201155,884-547,588-165,61098,338-155,748-70,001379,342-183,123-172,821-163,641-171,621120,86634,711-135,550
61 2.8m2.5m2.2m2.2m1.6m1.3m1.4m1.4m1.5m1.2m1.1m1.1m1.0m1.1m1.0m762,676721,679904,9671.1m901,058
62 8.7m8.2m6.8m5.5m4.8m4.2m4.3m4.0m3.8m3.5m3.3m3.4m3.5m3.2m2.9m2.4m2.0m1.6m1.3m1.3m
630 931,253865,289675,976533,179539,339546,581584,613464,233463,703362,083348,812303,508265,279268,178228,754244,222277,123305,64447,47742,500
631/4 3,112---0000006,43113,428128,27232,97000-75,8979,328--
635/8 220,0000250,000-00000-2,359-3,060-3,060-85,53291,361-9,251-75,55699,9580-5,000-
640/8 51,32651,41339,73832,89531,70531,42031,69833,37125,96524,84224,98424,8427129,678788612556397100100
649 ----------00000000--
66A 16,825248,2818,1168,6497,50624,04330,57933513,1685,344102,78933,8365,24724,4676,9494,5413,45777,5624,3554,841
9901 2.6m1.1m1.9m1.5m864,7211.6m1.9m1.6m912,197764,2361.1m622,3981.2m904,473990,587762,034851,836744,341548,120251,993
75/76B 131,16996,385112,455133,38982,020109,35686,912113,65876,64766,34985,02988,80188,711129,79361,71580,63370,22730,47610,2421,318
75 131,16996,385112,455133,38982,020109,35686,912113,65876,64766,34985,02988,80188,711129,79361,71580,63370,22730,47610,2421,318
750 200000000000000000--
751 207003,9594,7213,12908643,1825,5167,81610,13412,45114,8114,089000--
752/9 130,96196,385112,455129,42977,300106,22786,912112,79473,46560,83277,21378,66876,260114,98257,62680,63370,22730,47610,2421,318
65/66B 511,213597,274453,448277,416206,743167,534166,070190,290188,540177,427204,297201,096217,175256,502253,350214,793209,385186,674105,91453,310
65 511,213597,274453,448277,416206,743167,534166,070190,290188,540177,427204,297201,096217,175256,502253,350214,793209,385186,674105,91453,310
650 160,176169,827118,64943,80030,68425,73232,79042,18044,30851,80875,99389,211102,196115,197115,259122,607130,346124,45624,08020,270
651 ----------00000000--
652/9 351,037427,447334,799233,616176,059141,802133,280148,110144,233125,619128,304111,885114,980141,305138,09192,18679,04062,21781,83433,040
9903 2.2m608,8571.6m1.3m739,9991.5m1.8m1.6m800,304653,158915,148495,2401.1m771,956796,023623,458718,474512,247456,179195,847
67/77 602,488168,875393,609348,321198,994379,965532,040528,174231,978224,014306,141163,102354,048254,500280,298185,750195,846194,062119,25280,772
670/3 602,488169,000400,000355,000198,994384,000580,007528,174281,000224,300307,064163,102356,483254,548280,298190,881221,771194,062121,29982,000
77 01256,3916,67904,03547,966049,02328692302,4354805,13125,92502,0471,228
9904 1.6m439,9821.2m991,737541,0051.2m1.3m1.0m568,326429,144609,007332,138763,482517,456515,725437,708522,627318,186336,927115,075
789 129,080144,5700170,880267,0000173,600-------0000--
689 547,300-000273,650267,000170,880173,600-----0000--
9905 1.2m584,5521.2m1.2m808,005881,7101.2m863,017394,726429,144609,007332,138763,482517,456515,725437,708522,627318,186336,927115,075
Appropriation of the result
9906 6.1m5.0m4.8m4.3m4.0m3.2m2.8m2.1m1.3m1.3m1.3m1.0m1.3m915,4461.1m1.7m1.3m769,546567,194230,267
14P 4.9m4.4m3.6m3.1m3.2m---------------
791/2 -------200,000200,000-----------
791 --------------0000--
792 -------200,000200,000-----0000--
691/2 104,279144,5700170,880267,000---------400,000-----
691 -----------------0--
6920 -----------------0--
6921 104,279144,5700170,880267,000---------400,000--0--
694/7 490,33825,258359,109524,372568,95326,861480,218648,645327,555383,396419,650266,666602,591408,235332,6161.1m--115,833-
694 400,0000300,000500,000500,0000400,000500,000300,000345,396387,650266,666552,591408,235332,6161.1m-0--
695 90,33825,25859,10924,37223,92826,86180,21878,64527,55538,00032,000050,000----0115,833-
696 000045,025---------------
Social balance sheet
9087 153.5138.6125.1114.493.6898989.578.278.977.781.679.87571.75953.148.439.835.7
Men (FTE)1003 135126.7114.795.185.380.681.384.273.173.973.977.87671.2------
Women (FTE)1003 11.511.910.49.18.38.47.75.35.153.83.83.83.8------
Agency workers1501 5.64.239.86.322241.41.31.53.15.25.95.76.77.816.512.2
Hours worked1013 200,334191,717170,399140,359127,765113,723118,356119,494109,906104,231100,494105,704110,878106,39797,80483,05775,35067,73255,01251,468
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The accounts for 22 older financial years (1984-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 74 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 02-07-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 02-07-2026 2026-00250174 PDF
31-12-2024 full format 02-07-2025 2025-00225028 PDF
31-12-2023 full format 26-07-2024 2024-00299494 PDF
31-12-2022 full format 30-08-2023 2023-00399872 PDF
31-12-2021 full format 10-08-2022 2022-20283767 PDF
31-12-2020 full format 29-06-2021 2021-26700097 PDF
31-12-2019 full format 07-07-2020 2020-28600309 PDF
31-12-2018 full format 13-08-2019 2019-45900551 PDF
31-12-2017 full format 22-08-2018 2018-52900160 PDF
31-12-2016 full format 04-07-2017 2017-27700541 PDF
31-12-2015 full format 04-08-2016 2016-40500313 PDF
31-12-2014 full format 29-07-2015 2015-36000191 PDF
31-12-2013 full format 22-08-2014 2014-45700413 PDF
31-12-2012 full format 06-06-2013 2013-16200217 PDF
31-12-2011 full format 05-07-2012 2012-26900489 PDF
31-12-2010 full format 23-08-2011 2011-42300597 PDF
31-12-2009 full format 31-05-2010 2010-14900107 PDF
31-12-2008 full format 16-06-2009 2009-24300383 PDF
31-12-2007 full format 16-07-2008 2008-42000306 PDF
31-12-2006 full format 11-06-2007 2007-21500038 PDF
31-12-2005 full format 19-07-2006 2006-49804809 PDF
31-12-2004 full format 03-06-2005 2005-20603814 PDF
31-12-2003 full format 18-10-2004 2004-74101028 PDF
31-12-2002 full format 15-09-2003 2003-66705129 PDF
31-12-2001 full format 27-06-2002 2002-29300988 PDF
31-12-2000 full format 28-09-2001 2001-60203057 PDF
31-12-1999 full format 15-09-2000 2000-56804417 PDF
31-12-1998 full format 22-10-1999 1999-54504825 PDF
31-12-1997 full format 11-06-1998 1998-17202963 PDF
31-12-1996 full format 02-09-1997 1997-41401363 PDF
31-12-1995 full format 17-06-1996 1996-17301269 PDF
31-12-1994 full format 22-05-1995 1995-09102112 PDF
31-12-1993 full format 29-06-1994 1994-22800860 PDF
31-12-1992 full format 03-06-1993 1993-09905180 PDF
31-12-1991 full format 08-07-1992 1992-20105241 PDF
31-12-1990 full format 03-07-1991 1991-16103433 PDF
31-12-1989 full format 05-07-1990 1990-15905139 PDF
31-12-1988 full format 18-09-1989 1989-22501616 PDF
31-12-1987 full format 22-08-1988 1988-19105212 PDF
31-12-1986 full format 25-08-1987 1987-20705075 PDF
31-12-1985 full format 29-08-1986 1986-36502304 PDF
31-12-1984 full format 02-09-1985 1985-32200722 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
3.6m2.0m2.6m2.0m1.4m2.1m2.5m2.1m1.4m1.1m1.5m925,9071.5m1.2m1.2m1.0m1.1m1.0m595,597294,493
2.6m1.3m1.9m1.5m1.1m1.7m1.8m1.5m1.0m791,226957,819635,6461.0m785,634744,479681,930799,750623,830384,404157,575
1.1m3.1m982,3371.4m411,003204,069174,4211.1m689,783694,691110,300724,958291,840218,493344,661128,281309,2911.1m1.4m28,576
1.0m67,909-182,91710,298-1.1m597,3971.2m-145,74314,825-299,401465,646-164,14387,157153,85127,255-858,054659,022164,793176,540-
4.8m3.5m3.4m2.9m2.8m2.9m1.8m821,733322,725330,922473,884583,891971,0831.3m1.2m1.0m1.9m1.4m966,677950,666
8.5%3.8%6.7%5.5%4.7%10.1%11.4%10.3%6.4%6.5%9.1%5.7%10.2%7.2%8.5%8.8%11.5%9.3%7.4%4.6%
43.1%40.1%43.9%36.0%46.5%50.4%35.9%30.4%26.4%28.7%27.7%24.1%23.7%21.2%17.6%18.0%29.2%20.4%16.7%14.6%
1.811.651.601.441.722.031.491.231.081.111.141.181.321.461.371.452.251.721.531.56
0.760.550.640.720.941.430.950.630.720.690.750.790.950.970.930.931.621.411.050.99
1.261.451.241.781.150.981.792.292.782.492.613.153.213.644.684.522.373.904.995.86
22.5%7.3%21.3%21.2%12.5%26.8%39.8%43.0%29.1%24.6%34.7%20.8%50.9%38.4%44.4%43.8%31.0%27.6%47.0%29.2%
9.7%2.9%9.3%7.6%5.8%13.5%14.3%13.1%7.7%7.1%9.6%5.0%12.0%8.1%7.8%7.9%9.0%5.6%7.8%4.3%
22.2311.6321.9946.0645.7683.1774.7349.8631.0521.7419.4210.3814.7910.1810.588.218.668.4424.7314.53
15 days18 days26 days43 days39 days32 days37 days35 days59 days39 days44 days62 days58 days54 days64 days71 days60 days97 days71 days63 days
45 days56 days44 days64 days61 days53 days63 days40 days70 days65 days64 days63 days50 days58 days56 days71 days71 days93 days98 days85 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Revenue breakdown

as filed

By activity 2022

  • Vente de batteries €27,158,045100.0%

Source: 2022 accounts, page 23, filing 2023-00399872

All years (2012 to 2022)
By activity20122013201420152016201720182019202020212022
Vente de batteries€12,543,595€12,207,208€10,922,637€12,372,436€11,815,936€14,210,350€15,844,510€16,415,119€15,721,493€18,349,585€27,158,045

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date15614513211799
full-time14713411910684
part-time911131115
in full-time equivalents153.5142.6128.7114.496.6
146.5138.6125.1104.293.6
On a permanent contract1171201069489
Joined241141742613
Left2301285985
Agency workers, average number5.64.239.86.3
Training hours1,21662760623010,031

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
Debts secured on the company's own assets-€1.6m€1.6m€1.9m€150,000
Mortgages, amount registered-€50,000€50,000€50,000€50,000
-€1.5m€1.5m€1.5m€1.5m
Carrying value of the mortgaged assets-€458,324€382,963€449,149€543,328
Mandates to pledge the business-€440,000€440,000€440,000€440,000

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€1.1m€3.0m€978,837€1.4m€411,003
Intangible fixed assets--€3,500--
Financial fixed assets-€10,000---
€931,253€865,289€675,976€533,179€539,339

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees

The auditor is VMD.

Item20252024202320222021
Fee for the audit€7,500€7,500€7,200€8,900€6,900

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Insights on BTN

The operating result for 2025 is 137% higher than in 2024 and the highest since 2006. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 58.2% to 54.1%. Equity and debt are higher.

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