BPTT GROUP: 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.
BPTT GROUP
Largest movements
- Tangible fixed assets +€212,902
up €212,902 (+122%), from €173,896 to €386,798
of which Other tangible fixed assets: +€213,916
- Cash -€143,880
down €143,880 (-85.1%), from €169,052 to €25,172
mainly Contributions, distributions and other (-€341,889) and Investment in fixed assets (net) (-€247,379)
- Receivables within one year -€44,179
down €44,179 (-94.3%), from €46,871 to €2,692
of which Trade receivables: -€34,528
- Reserves -€176,268
down €176,268 (-23.7%), from €744,336 to €568,068
- Other debts +€154,368
up €154,368 (+52.3%), from €295,152 to €449,520
- Debts after one year +€48,635
up €48,635 (+41.3%), from €117,886 to €166,521
- Depreciation +€33,393
up €33,393 (+3,082%), from €1,084 to €34,477
- Gross operating margin -€19,739
down €19,739 (-6.0%), from €329,087 to €309,348
- Financial charges +€13,286
up €13,286 (+93.9%), from €14,142 to €27,428
- Taxes +€3,838
up €3,838 (+5.0%), from €76,091 to €79,929
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 | €3,104,927 | €3,129,662 | +€24,735 | +0.8% |
| Fixed assets | 21/28 | €2,888,896 | €3,101,798 | +€212,902 | +7.4% |
| Tangible fixed assets | 22/27 | €173,896 | €386,798 | +€212,902 | +122% |
| Plant, machinery and equipment | 23 | €335 | €0 | -€335 | -100% |
| Furniture and vehicles | 24 | €2,441 | €1,762 | -€679 | -27.8% |
| Other tangible fixed assets | 26 | €171,121 | €385,037 | +€213,916 | +125% |
| Financial fixed assets | 28 | €2,715,000 | €2,715,000 | = | 0.0% |
| Current assets | 29/58 | €216,031 | €27,864 | -€188,167 | -87.1% |
| Amounts receivable within one year | 40/41 | €46,871 | €2,692 | -€44,179 | -94.3% |
| Trade receivables | 40 | €36,669 | €2,141 | -€34,528 | -94.2% |
| Other amounts receivable | 41 | €10,202 | €551 | -€9,651 | -94.6% |
| Cash at bank and in hand | 54/58 | €169,052 | €25,172 | -€143,880 | -85.1% |
| Deferred charges and accrued income | 490/1 | €108 | €0 | -€108 | -100% |
| Total equity and liabilities | 10/49 | €3,104,927 | €3,129,662 | +€24,735 | +0.8% |
| Equity | 10/15 | €2,598,421 | €2,422,153 | -€176,268 | -6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €744,336 | €568,068 | -€176,268 | -23.7% |
| Distributable reserves | 133 | €744,336 | €568,068 | -€176,268 | -23.7% |
| Profit (loss) carried forward | 14 | €1,835,485 | €1,835,485 | = | 0.0% |
| Amounts payable | 17/49 | €506,506 | €707,509 | +€201,003 | +39.7% |
| Amounts payable after more than one year | 17 | €117,886 | €166,521 | +€48,635 | +41.3% |
| Financial debts | 170/4 | €117,886 | €166,521 | +€48,635 | +41.3% |
| Amounts payable within one year | 42/48 | €380,831 | €526,093 | +€145,262 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €56,533 | €58,547 | +€2,015 | +3.6% |
| Trade debts | 44 | €5,255 | €1,238 | -€4,017 | -76.4% |
| Suppliers | 440/4 | €5,255 | €1,238 | -€4,017 | -76.4% |
| Taxes, remuneration and social security | 45 | €23,891 | €16,787 | -€7,104 | -29.7% |
| Taxes | 450/3 | €23,891 | €16,787 | -€7,104 | -29.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €295,152 | €449,520 | +€154,368 | +52.3% |
| Accrued charges and deferred income | 492/3 | €7,789 | €14,895 | +€7,106 | +91.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,084 | €34,477 | +€33,393 | +3,082% |
| Other operating charges | 640/8 | €1,943 | €1,913 | -€30 | -1.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €329,087 | €309,348 | -€19,739 | -6.0% |
| Operating profit (loss) | 9901 | €326,060 | €272,958 | -€53,102 | -16.3% |
| Financial income | 75/76B | €26 | €20 | -€5 | -21.2% |
| Recurring financial income | 75 | €26 | €20 | -€5 | -21.2% |
| Financial charges | 65/66B | €14,142 | €27,428 | +€13,286 | +93.9% |
| Recurring financial charges | 65 | €14,142 | €27,428 | +€13,286 | +93.9% |
| Profit (loss) for the period before taxes | 9903 | €311,943 | €245,550 | -€66,394 | -21.3% |
| Income taxes | 67/77 | €76,091 | €79,929 | +€3,838 | +5.0% |
| Profit (loss) for the period | 9904 | €235,852 | €165,621 | -€70,231 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €235,852 | €165,621 | -€70,231 | -29.8% |
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 26 October 2026 via checked.be.