B.T.S. CONCEPT: 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.
B.T.S. CONCEPT
Largest movements
- Cash -€13,658
down €13,658 (-34.7%), from €39,368 to €25,710
mainly Contributions, distributions and other (-€27,500) and Net result for the year (-€9,036)
- Receivables within one year -€9,784
down €9,784 (-24.6%), from €39,743 to €29,959
of which Trade receivables: -€9,284
- Tangible fixed assets +€983
up €983 (+21.9%), from €4,479 to €5,462
of which Furniture and vehicles: +€1,052
- Reserves -€27,500
down €27,500 (-73.3%), from €37,500 to €10,000
- Other debts +€12,385
up €12,385 (+89.7%), from €13,806 to €26,190
- Profit (loss) carried forward -€9,036
down €9,036 (-85.1%), from €10,619 to €1,584
- Tax, wage and social debts +€1,113
up €1,113 (+63.1%), from €1,762 to €2,875
of which Taxes: +€1,113
- Trade debts +€1,022
up €1,022 (+43.7%), from €2,338 to €3,360
- Gross operating margin -€4,162
down €4,162 (-143%), from -€2,917 to -€7,079
- Depreciation +€630
up €630 (+96.3%), from €655 to €1,285
- Write-downs -€247
no longer reported in 2025 (was €247)
- Staff costs +€121
no longer reported in 2025 (was -€121)
- Financial income -€113
down €113 (-52.3%), from €217 to €103
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 | €86,486 | €64,469 | -€22,016 | -25.5% |
| Fixed assets | 21/28 | €4,584 | €5,567 | +€983 | +21.4% |
| Tangible fixed assets | 22/27 | €4,479 | €5,462 | +€983 | +21.9% |
| Furniture and vehicles | 24 | €3,029 | €4,081 | +€1,052 | +34.7% |
| Other tangible fixed assets | 26 | €1,450 | €1,381 | -€69 | -4.8% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €81,901 | €58,902 | -€22,999 | -28.1% |
| Stocks and contracts in progress | 3 | €1,647 | €2,195 | +€549 | +33.3% |
| Stocks | 30/36 | €1,647 | €2,195 | +€549 | +33.3% |
| Amounts receivable within one year | 40/41 | €39,743 | €29,959 | -€9,784 | -24.6% |
| Trade receivables | 40 | €37,681 | €28,397 | -€9,284 | -24.6% |
| Other amounts receivable | 41 | €2,062 | €1,562 | -€500 | -24.2% |
| Cash at bank and in hand | 54/58 | €39,368 | €25,710 | -€13,658 | -34.7% |
| Deferred charges and accrued income | 490/1 | €1,144 | €1,038 | -€107 | -9.3% |
| Total equity and liabilities | 10/49 | €86,486 | €64,469 | -€22,016 | -25.5% |
| Equity | 10/15 | €68,579 | €32,044 | -€36,536 | -53.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €37,500 | €10,000 | -€27,500 | -73.3% |
| Distributable reserves | 133 | €37,500 | €10,000 | -€27,500 | -73.3% |
| Profit (loss) carried forward | 14 | €10,619 | €1,584 | -€9,036 | -85.1% |
| Amounts payable | 17/49 | €17,906 | €32,426 | +€14,520 | +81.1% |
| Amounts payable within one year | 42/48 | €17,906 | €32,426 | +€14,520 | +81.1% |
| Trade debts | 44 | €2,338 | €3,360 | +€1,022 | +43.7% |
| Suppliers | 440/4 | €2,338 | €3,360 | +€1,022 | +43.7% |
| Taxes, remuneration and social security | 45 | €1,762 | €2,875 | +€1,113 | +63.1% |
| Taxes | 450/3 | €262 | €1,375 | +€1,113 | +424% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €13,806 | €26,190 | +€12,385 | +89.7% |
| Remuneration, social security and pensions | 62 | -€121 | - | +€121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €655 | €1,285 | +€630 | +96.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €247 | - | -€247 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €96 | +€96 | |
| Gross operating margin | 9900 | -€2,917 | -€7,079 | -€4,162 | -143% |
| Operating profit (loss) | 9901 | -€4,085 | -€8,860 | -€4,775 | -117% |
| Financial income | 75/76B | €217 | €103 | -€113 | -52.3% |
| Recurring financial income | 75 | €217 | €103 | -€113 | -52.3% |
| Financial charges | 65/66B | €196 | €279 | +€83 | +42.5% |
| Recurring financial charges | 65 | €196 | €279 | +€83 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,064 | -€9,036 | -€4,971 | -122% |
| Profit (loss) for the period | 9904 | -€4,064 | -€9,036 | -€4,971 | -122% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,064 | -€9,036 | -€4,971 | -122% |
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.