BKTR: 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.
BKTR
Largest movements
- Tangible fixed assets +€35,395
new in 2025: €35,395
of which Furniture and vehicles: +€21,735
- Cash +€15,869
up €15,869 (+291%), from €5,454 to €21,323
mainly Tax, wage and social debts (+€13,041) and Debts after one year (+€9,837)
- Stocks and contracts +€7,632
new in 2025: €7,632
- Receivables within one year -€6,517
down €6,517 (-33.2%), from €19,607 to €13,089
of which Trade receivables: -€4,700
- Tax, wage and social debts +€13,041
up €13,041 (+433%), from €3,014 to €16,055
of which Taxes: +€10,216
- Debts after one year +€9,837
new in 2025: €9,837
- Current portion of long-term debt +€8,886
new in 2025: €8,886
- Trade debts +€8,649
up €8,649 (+73.7%), from €11,741 to €20,390
- Profit (loss) carried forward +€7,252
up €7,252 (+97.9%), from €7,408 to €14,660
- Gross operating margin +€35,396
up €35,396 (+259%), from €13,653 to €49,049
- Staff costs +€25,201
up €25,201 (+653%), from €3,861 to €29,063
- Depreciation +€6,683
new in 2025: €6,683
- Taxes +€1,600
up €1,600 (+77.4%), from €2,067 to €3,667
- Other operating charges +€1,275
up €1,275 (+754%), from €169 to €1,444
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 | €25,767 | €78,385 | +€52,619 | +204% |
| Fixed assets | 21/28 | - | €35,395 | +€35,395 | |
| Tangible fixed assets | 22/27 | - | €35,395 | +€35,395 | |
| Plant, machinery and equipment | 23 | - | €13,660 | +€13,660 | |
| Furniture and vehicles | 24 | - | €21,735 | +€21,735 | |
| Current assets | 29/58 | €25,767 | €42,991 | +€17,224 | +66.8% |
| Stocks and contracts in progress | 3 | - | €7,632 | +€7,632 | |
| Stocks | 30/36 | - | €7,632 | +€7,632 | |
| Amounts receivable within one year | 40/41 | €19,607 | €13,089 | -€6,517 | -33.2% |
| Trade receivables | 40 | €17,789 | €13,089 | -€4,700 | -26.4% |
| Other amounts receivable | 41 | €1,818 | €0 | -€1,818 | -100% |
| Cash at bank and in hand | 54/58 | €5,454 | €21,323 | +€15,869 | +291% |
| Deferred charges and accrued income | 490/1 | €706 | €947 | +€241 | +34.1% |
| Total equity and liabilities | 10/49 | €25,767 | €78,385 | +€52,619 | +204% |
| Equity | 10/15 | €9,908 | €17,160 | +€7,252 | +73.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,408 | €14,660 | +€7,252 | +97.9% |
| Amounts payable | 17/49 | €15,859 | €61,225 | +€45,366 | +286% |
| Amounts payable after more than one year | 17 | - | €9,837 | +€9,837 | |
| Financial debts | 170/4 | - | €9,837 | +€9,837 | |
| Amounts payable within one year | 42/48 | €15,859 | €51,388 | +€35,529 | +224% |
| Current portion of amounts payable after more than one year | 42 | - | €8,886 | +€8,886 | |
| Trade debts | 44 | €11,741 | €20,390 | +€8,649 | +73.7% |
| Suppliers | 440/4 | €11,741 | €20,390 | +€8,649 | +73.7% |
| Advances received on contracts in progress | 46 | - | €3,039 | +€3,039 | |
| Taxes, remuneration and social security | 45 | €3,014 | €16,055 | +€13,041 | +433% |
| Taxes | 450/3 | €2,067 | €12,283 | +€10,216 | +494% |
| Remuneration and social security | 454/9 | €947 | €3,772 | +€2,825 | +298% |
| Other amounts payable | 47/48 | €1,104 | €3,018 | +€1,915 | +173% |
| Remuneration, social security and pensions | 62 | €3,861 | €29,063 | +€25,201 | +653% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,683 | +€6,683 | |
| Other operating charges | 640/8 | €169 | €1,444 | +€1,275 | +754% |
| Gross operating margin | 9900 | €13,653 | €49,049 | +€35,396 | +259% |
| Operating profit (loss) | 9901 | €9,622 | €11,860 | +€2,237 | +23.3% |
| Financial income | 75/76B | €64 | €245 | +€181 | +284% |
| Recurring financial income | 75 | €64 | €245 | +€181 | +284% |
| Financial charges | 65/66B | €211 | €1,185 | +€974 | +462% |
| Recurring financial charges | 65 | €211 | €1,185 | +€974 | +462% |
| Profit (loss) for the period before taxes | 9903 | €9,475 | €10,920 | +€1,444 | +15.2% |
| Income taxes | 67/77 | €2,067 | €3,667 | +€1,600 | +77.4% |
| Profit (loss) for the period | 9904 | €7,408 | €7,252 | -€156 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,408 | €7,252 | -€156 | -2.1% |
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 13 October 2026 via checked.be.