B-TES: 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-TES
Largest movements
- Tangible fixed assets -€15,388
down €15,388 (-21.0%), from €73,202 to €57,814
of which Other tangible fixed assets: -€10,052
- Stocks and contracts +€6,729
up €6,729 (+12.6%), from €53,590 to €60,319
- Receivables within one year -€3,750
down €3,750 (-34.3%), from €10,922 to €7,172
of which Trade receivables: -€6,030
- Trade debts -€7,990
down €7,990 (-3.4%), from €237,173 to €229,183
- Gross operating margin +€43,220
up €43,220 (+36.9%), from €117,102 to €160,322
- Financial charges -€8,250
down €8,250 (-53.8%), from €15,323 to €7,072
- Staff costs +€4,136
up €4,136 (+3.1%), from €133,922 to €138,058
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 | €217,960 | €209,412 | -€8,548 | -3.9% |
| Fixed assets | 21/28 | €74,702 | €59,314 | -€15,388 | -20.6% |
| Tangible fixed assets | 22/27 | €73,202 | €57,814 | -€15,388 | -21.0% |
| Plant, machinery and equipment | 23 | €2,072 | €1,308 | -€764 | -36.9% |
| Furniture and vehicles | 24 | €13,860 | €9,288 | -€4,572 | -33.0% |
| Other tangible fixed assets | 26 | €57,270 | €47,218 | -€10,052 | -17.6% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €143,258 | €150,098 | +€6,840 | +4.8% |
| Amounts receivable after more than one year | 29 | €54,077 | €54,077 | = | 0.0% |
| Other amounts receivable | 291 | €54,077 | €54,077 | = | 0.0% |
| Stocks and contracts in progress | 3 | €53,590 | €60,319 | +€6,729 | +12.6% |
| Stocks | 30/36 | €53,590 | €60,319 | +€6,729 | +12.6% |
| Amounts receivable within one year | 40/41 | €10,922 | €7,172 | -€3,750 | -34.3% |
| Trade receivables | 40 | €10,809 | €4,779 | -€6,030 | -55.8% |
| Other amounts receivable | 41 | €113 | €2,393 | +€2,280 | +2,016% |
| Cash at bank and in hand | 54/58 | €21,788 | €23,797 | +€2,009 | +9.2% |
| Deferred charges and accrued income | 490/1 | €2,880 | €4,732 | +€1,852 | +64.3% |
| Total equity and liabilities | 10/49 | €217,960 | €209,412 | -€8,548 | -3.9% |
| Equity | 10/15 | -€108,266 | -€110,357 | -€2,090 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127 | €127 | = | 0.0% |
| Non-distributable reserves | 130/1 | €127 | €127 | = | 0.0% |
| Reserves not available under the articles | 1311 | €127 | €127 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,993 | -€129,084 | -€2,090 | -1.6% |
| Amounts payable | 17/49 | €326,226 | €319,768 | -€6,458 | -2.0% |
| Amounts payable within one year | 42/48 | €326,226 | €319,768 | -€6,458 | -2.0% |
| Trade debts | 44 | €237,173 | €229,183 | -€7,990 | -3.4% |
| Suppliers | 440/4 | €237,173 | €229,183 | -€7,990 | -3.4% |
| Taxes, remuneration and social security | 45 | €43,808 | €45,582 | +€1,774 | +4.0% |
| Taxes | 450/3 | €843 | €325 | -€518 | -61.4% |
| Remuneration and social security | 454/9 | €42,965 | €45,257 | +€2,291 | +5.3% |
| Other amounts payable | 47/48 | €45,244 | €45,003 | -€241 | -0.5% |
| Non-recurring operating income | 76A | €0 | €4 | +€4 | |
| Remuneration, social security and pensions | 62 | €133,922 | €138,058 | +€4,136 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,293 | €15,388 | +€95 | +0.6% |
| Other operating charges | 640/8 | €2,125 | €1,699 | -€426 | -20.1% |
| Gross operating margin | 9900 | €117,102 | €160,322 | +€43,220 | +36.9% |
| Operating profit (loss) | 9901 | -€34,238 | €5,177 | +€39,415 | |
| Financial income | 75/76B | €828 | €11 | -€817 | -98.6% |
| Recurring financial income | 75 | €828 | €11 | -€817 | -98.6% |
| Financial charges | 65/66B | €15,323 | €7,072 | -€8,250 | -53.8% |
| Recurring financial charges | 65 | €15,323 | €7,072 | -€8,250 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | -€48,732 | -€1,884 | +€46,848 | +96.1% |
| Income taxes | 67/77 | €193 | €207 | +€13 | +7.0% |
| Profit (loss) for the period | 9904 | -€48,925 | -€2,090 | +€46,835 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,925 | -€2,090 | +€46,835 | +95.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.