BKTEC: 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.
BKTEC
Largest movements
- Cash +€54,414
up €54,414 (+62.5%), from €87,098 to €141,512
mainly Net result for the year (+€161,003) and Other debts (+€83,372)
- Tangible fixed assets +€46,223
up €46,223 (+317.1%), from €14,575 to €60,797
of which Furniture and vehicles: +€49,507
- Receivables within one year -€20,819
down €20,819 (-9.9%), from €210,095 to €189,276
of which Other amounts receivable: -€15,980
- Stocks and contracts +€12,396
up €12,396 (+8.0%), from €155,680 to €168,077
- Deferred charges and accrued income -€7,244
down €7,244 (-62.9%), from €11,513 to €4,269
- Other debts +€83,372
up €83,372 (+42.3%), from €197,272 to €280,644
- Debts after one year +€32,902
new in 2025: €32,902
- Trade debts -€27,366
down €27,366 (-39.4%), from €69,527 to €42,161
- Tax, wage and social debts -€12,734
down €12,734 (-72.2%), from €17,631 to €4,897
of which Taxes: -€13,757
- Current portion of long-term debt +€8,796
up €8,796, from €0 to €8,796
- Gross operating margin +€16,767
up €16,767 (+8.0%), from €209,036 to €225,803
- Taxes +€4,684
up €4,684 (+10.8%), from €43,270 to €47,955
- Financial charges -€3,782
down €3,782 (-44.5%), from €8,507 to €4,724
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 | €484,961 | €569,931 | +€84,970 | +17.5% |
| Fixed assets | 21/28 | €20,575 | €66,797 | +€46,223 | +224.7% |
| Tangible fixed assets | 22/27 | €14,575 | €60,797 | +€46,223 | +317.1% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,325 | €72 | -€1,253 | -94.6% |
| Furniture and vehicles | 24 | €2,848 | €52,356 | +€49,507 | +1738.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €10,402 | €8,370 | -€2,032 | -19.5% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €464,386 | €503,133 | +€38,748 | +8.3% |
| Stocks and contracts in progress | 3 | €155,680 | €168,077 | +€12,396 | +8.0% |
| Stocks | 30/36 | €155,680 | €168,077 | +€12,396 | +8.0% |
| Amounts receivable within one year | 40/41 | €210,095 | €189,276 | -€20,819 | -9.9% |
| Trade receivables | 40 | €194,115 | €189,276 | -€4,839 | -2.5% |
| Other amounts receivable | 41 | €15,980 | €0 | -€15,980 | -100.0% |
| Cash at bank and in hand | 54/58 | €87,098 | €141,512 | +€54,414 | +62.5% |
| Deferred charges and accrued income | 490/1 | €11,513 | €4,269 | -€7,244 | -62.9% |
| Total equity and liabilities | 10/49 | €484,961 | €569,931 | +€84,970 | +17.5% |
| Equity | 10/15 | €200,531 | €200,531 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €190,531 | €190,531 | = | 0.0% |
| Distributable reserves | 133 | €190,531 | €190,531 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €284,430 | €369,400 | +€84,970 | +29.9% |
| Amounts payable after more than one year | 17 | - | €32,902 | +€32,902 | |
| Financial debts | 170/4 | - | €32,902 | +€32,902 | |
| Amounts payable within one year | 42/48 | €284,430 | €336,498 | +€52,068 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €8,796 | +€8,796 | |
| Trade debts | 44 | €69,527 | €42,161 | -€27,366 | -39.4% |
| Suppliers | 440/4 | €69,527 | €42,161 | -€27,366 | -39.4% |
| Taxes, remuneration and social security | 45 | €17,631 | €4,897 | -€12,734 | -72.2% |
| Taxes | 450/3 | €15,231 | €1,474 | -€13,757 | -90.3% |
| Remuneration and social security | 454/9 | €2,400 | €3,423 | +€1,024 | +42.7% |
| Other amounts payable | 47/48 | €197,272 | €280,644 | +€83,372 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,562 | €10,617 | -€945 | -8.2% |
| Other operating charges | 640/8 | €1,261 | €1,504 | +€243 | +19.2% |
| Gross operating margin | 9900 | €209,036 | €225,803 | +€16,767 | +8.0% |
| Operating profit (loss) | 9901 | €196,213 | €213,682 | +€17,469 | +8.9% |
| Financial income | 75/76B | €16 | €0 | -€16 | -99.9% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -99.9% |
| Financial charges | 65/66B | €8,507 | €4,724 | -€3,782 | -44.5% |
| Recurring financial charges | 65 | €8,507 | €4,724 | -€3,782 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €187,723 | €208,957 | +€21,234 | +11.3% |
| Income taxes | 67/77 | €43,270 | €47,955 | +€4,684 | +10.8% |
| Profit (loss) for the period | 9904 | €144,453 | €161,003 | +€16,550 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €144,453 | €161,003 | +€16,550 | +11.5% |
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 6 October 2026 via checked.be.