B-TEC: 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.
B-TEC
Largest movements
- Tangible fixed assets -€303,484
down €303,484 (-99.5%), from €304,932 to €1,449
of which Land and buildings: -€304,049
- Cash -€117,273
down €117,273 (-27.5%), from €425,719 to €308,447
mainly Contributions, distributions and other (-€339,960) and Other debts (-€162,581)
- Receivables within one year -€58,361
down €58,361 (-53.6%), from €108,953 to €50,593
of which Other amounts receivable: -€34,204
- Reserves -€279,770
down €279,770 (-49.2%), from €568,817 to €289,046
- Other debts -€162,581
down €162,581 (-97.2%), from €167,207 to €4,626
- Trade debts -€22,087
down €22,087 (-95.3%), from €23,171 to €1,084
- Gross operating margin -€18,511
down €18,511 (-18.8%), from €98,616 to €80,106
- Depreciation -€11,300
down €11,300 (-93.9%), from €12,033 to €733
- Financial income -€9,329
down €9,329 (-98.2%), from €9,503 to €175
- Taxes +€8,328
up €8,328 (+4168.9%), from €200 to €8,528
- Financial charges -€6,724
down €6,724 (-44.7%), from €15,048 to €8,324
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.
Cash bridge derived
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 | €840,353 | €361,547 | -€478,807 | -57.0% |
| Fixed assets | 21/28 | €304,932 | €1,449 | -€303,484 | -99.5% |
| Tangible fixed assets | 22/27 | €304,932 | €1,449 | -€303,484 | -99.5% |
| Land and buildings | 22 | €304,049 | €0 | -€304,049 | -100.0% |
| Plant, machinery and equipment | 23 | €883 | €1,449 | +€566 | +64.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €535,421 | €360,098 | -€175,323 | -32.7% |
| Amounts receivable within one year | 40/41 | €108,953 | €50,593 | -€58,361 | -53.6% |
| Trade receivables | 40 | €66,247 | €42,090 | -€24,157 | -36.5% |
| Other amounts receivable | 41 | €42,706 | €8,503 | -€34,204 | -80.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €425,719 | €308,447 | -€117,273 | -27.5% |
| Deferred charges and accrued income | 490/1 | €748 | €1,059 | +€310 | +41.5% |
| Total equity and liabilities | 10/49 | €840,353 | €361,547 | -€478,807 | -57.0% |
| Equity | 10/15 | €618,817 | €339,046 | -€279,770 | -45.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €568,817 | €289,046 | -€279,770 | -49.2% |
| Distributable reserves | 133 | €568,817 | €289,046 | -€279,770 | -49.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €221,536 | €22,500 | -€199,036 | -89.8% |
| Amounts payable within one year | 42/48 | €207,685 | €14,739 | -€192,946 | -92.9% |
| Trade debts | 44 | €23,171 | €1,084 | -€22,087 | -95.3% |
| Suppliers | 440/4 | €23,171 | €1,084 | -€22,087 | -95.3% |
| Taxes, remuneration and social security | 45 | €17,307 | €9,029 | -€8,277 | -47.8% |
| Taxes | 450/3 | €17,307 | €9,029 | -€8,277 | -47.8% |
| Other amounts payable | 47/48 | €167,207 | €4,626 | -€162,581 | -97.2% |
| Accrued charges and deferred income | 492/3 | €13,851 | €7,761 | -€6,090 | -44.0% |
| Non-recurring operating income | 76A | - | €2,851 | +€2,851 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,033 | €733 | -€11,300 | -93.9% |
| Other operating charges | 640/8 | €2,156 | €2,506 | +€351 | +16.3% |
| Non-recurring operating charges | 66A | €139,320 | €0 | -€139,320 | -100.0% |
| Gross operating margin | 9900 | €98,616 | €80,106 | -€18,511 | -18.8% |
| Operating profit (loss) | 9901 | -€54,893 | €76,866 | +€131,759 | |
| Financial income | 75/76B | €9,503 | €175 | -€9,329 | -98.2% |
| Recurring financial income | 75 | €9,503 | €175 | -€9,329 | -98.2% |
| Financial charges | 65/66B | €15,048 | €8,324 | -€6,724 | -44.7% |
| Recurring financial charges | 65 | €15,048 | €8,324 | -€6,724 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | -€60,437 | €68,717 | +€129,154 | |
| Income taxes | 67/77 | €200 | €8,528 | +€8,328 | +4168.9% |
| Profit (loss) for the period | 9904 | -€60,637 | €60,189 | +€120,826 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,637 | €60,189 | +€120,826 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.