B1TS: 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.
B1TS
Largest movements
- Cash +€56,188
up €56,188 (+65.1%), from €86,325 to €142,513
mainly Net result for the year (+€83,353) and Tax, wage and social debts (+€58,144)
- Tangible fixed assets -€46,921
down €46,921 (-10.6%), from €444,734 to €397,813
of which Furniture and vehicles: -€23,556
- Receivables within one year +€30,458
up €30,458 (+22.4%), from €136,149 to €166,607
of which Other amounts receivable: +€49,297
- Tax, wage and social debts +€58,144
up €58,144 (+92.6%), from €62,762 to €120,906
of which Taxes: +€53,812
- Debts after one year -€45,772
down €45,772 (-15.5%), from €295,664 to €249,892
- Reserves +€29,162
up €29,162 (+15.8%), from €183,992 to €213,154
- Trade debts +€11,682
up €11,682 (+10.5%), from €111,611 to €123,293
- Accrued charges and deferred income -€9,442
down €9,442 (-52.8%), from €17,889 to €8,447
- Gross operating margin +€165,823
up €165,823 (+56.9%), from €291,338 to €457,161
- Taxes +€53,768
up €53,768, from -€4,580 to €49,188
- Other operating charges +€19,280
up €19,280 (+302.3%), from €6,379 to €25,658
- Staff costs +€17,633
up €17,633 (+7.8%), from €226,721 to €244,354
- Depreciation -€4,724
down €4,724 (-10.5%), from €45,011 to €40,288
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 | €749,741 | €792,014 | +€42,273 | +5.6% |
| Fixed assets | 21/28 | €444,734 | €397,813 | -€46,921 | -10.6% |
| Tangible fixed assets | 22/27 | €444,734 | €397,813 | -€46,921 | -10.6% |
| Land and buildings | 22 | €378,070 | €356,025 | -€22,045 | -5.8% |
| Plant, machinery and equipment | 23 | €1,503 | €1,097 | -€406 | -27.0% |
| Furniture and vehicles | 24 | €60,358 | €36,802 | -€23,556 | -39.0% |
| Other tangible fixed assets | 26 | €4,803 | €3,890 | -€913 | -19.0% |
| Current assets | 29/58 | €305,007 | €394,201 | +€89,193 | +29.2% |
| Stocks and contracts in progress | 3 | €78,909 | €81,370 | +€2,460 | +3.1% |
| Stocks | 30/36 | €70,750 | €62,576 | -€8,175 | -11.6% |
| Contracts in progress | 37 | €8,159 | €18,794 | +€10,635 | +130.3% |
| Amounts receivable within one year | 40/41 | €136,149 | €166,607 | +€30,458 | +22.4% |
| Trade receivables | 40 | €129,651 | €110,813 | -€18,838 | -14.5% |
| Other amounts receivable | 41 | €6,498 | €55,795 | +€49,297 | +758.6% |
| Current investments | 50/53 | €1,418 | €709 | -€709 | -50.0% |
| Cash at bank and in hand | 54/58 | €86,325 | €142,513 | +€56,188 | +65.1% |
| Deferred charges and accrued income | 490/1 | €2,206 | €3,002 | +€796 | +36.1% |
| Total equity and liabilities | 10/49 | €749,741 | €792,014 | +€42,273 | +5.6% |
| Equity | 10/15 | €202,542 | €231,704 | +€29,162 | +14.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €183,992 | €213,154 | +€29,162 | +15.8% |
| Distributable reserves | 133 | €183,992 | €213,154 | +€29,162 | +15.8% |
| Amounts payable | 17/49 | €547,199 | €560,310 | +€13,111 | +2.4% |
| Amounts payable after more than one year | 17 | €295,664 | €249,892 | -€45,772 | -15.5% |
| Financial debts | 170/4 | €295,664 | €249,892 | -€45,772 | -15.5% |
| Amounts payable within one year | 42/48 | €233,646 | €301,971 | +€68,325 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €48,742 | €45,772 | -€2,971 | -6.1% |
| Financial debts | 43 | €4,057 | €12,000 | +€7,943 | +195.8% |
| Credit institutions | 430/8 | €4,057 | €12,000 | +€7,943 | +195.8% |
| Trade debts | 44 | €111,611 | €123,293 | +€11,682 | +10.5% |
| Suppliers | 440/4 | €111,611 | €123,293 | +€11,682 | +10.5% |
| Taxes, remuneration and social security | 45 | €62,762 | €120,906 | +€58,144 | +92.6% |
| Taxes | 450/3 | €14,438 | €68,250 | +€53,812 | +372.7% |
| Remuneration and social security | 454/9 | €48,324 | €52,656 | +€4,332 | +9.0% |
| Other amounts payable | 47/48 | €6,473 | - | -€6,473 | |
| Accrued charges and deferred income | 492/3 | €17,889 | €8,447 | -€9,442 | -52.8% |
| Remuneration, social security and pensions | 62 | €226,721 | €244,354 | +€17,633 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,011 | €40,288 | -€4,724 | -10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €348 | +€348 | |
| Other operating charges | 640/8 | €6,379 | €25,658 | +€19,280 | +302.3% |
| Gross operating margin | 9900 | €291,338 | €457,161 | +€165,823 | +56.9% |
| Operating profit (loss) | 9901 | €13,227 | €146,513 | +€133,286 | +1007.7% |
| Financial income | 75/76B | €193 | €426 | +€232 | +120.0% |
| Recurring financial income | 75 | €193 | €426 | +€232 | +120.0% |
| Financial charges | 65/66B | €12,891 | €14,398 | +€1,507 | +11.7% |
| Recurring financial charges | 65 | €12,891 | €14,398 | +€1,507 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €530 | €132,541 | +€132,011 | +24914.3% |
| Income taxes | 67/77 | -€4,580 | €49,188 | +€53,768 | |
| Profit (loss) for the period | 9904 | €5,110 | €83,353 | +€78,243 | +1531.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,110 | €83,353 | +€78,243 | +1531.2% |
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 7 October 2026 via checked.be.