BRTC: 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.
BRTC
Largest movements
- Current investments +€80,260
up €80,260 (+20.5%), from €391,896 to €472,156
- Tangible fixed assets -€35,412
down €35,412 (-10.1%), from €349,386 to €313,974
- Receivables within one year -€18,535
down €18,535 (-15.4%), from €120,019 to €101,484
of which Trade receivables: -€18,497
- Reserves +€76,960
up €76,960 (+8.1%), from €944,735 to €1.0m
of which Distributable reserves: +€76,960
- Tax, wage and social debts -€33,934
down €33,934 (-62.3%), from €54,427 to €20,493
of which Taxes: -€29,967
- Gross operating margin -€21,086
down €21,086 (-7.5%), from €280,376 to €259,290
- Taxes -€5,957
down €5,957 (-8.0%), from €74,338 to €68,381
- Financial income -€3,546
down €3,546 (-32.4%), from €10,952 to €7,406
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 | €1,226,434 | €1,255,267 | +€28,833 | +2.4% |
| Fixed assets | 21/28 | €349,964 | €314,552 | -€35,412 | -10.1% |
| Tangible fixed assets | 22/27 | €349,386 | €313,974 | -€35,412 | -10.1% |
| Land and buildings | 22 | €73,853 | €61,434 | -€12,419 | -16.8% |
| Plant, machinery and equipment | 23 | €3,953 | €1,853 | -€2,101 | -53.1% |
| Furniture and vehicles | 24 | €14,440 | €4,420 | -€10,020 | -69.4% |
| Other tangible fixed assets | 26 | €257,140 | €246,267 | -€10,873 | -4.2% |
| Financial fixed assets | 28 | €578 | €578 | = | 0.0% |
| Current assets | 29/58 | €876,470 | €940,715 | +€64,246 | +7.3% |
| Amounts receivable within one year | 40/41 | €120,019 | €101,484 | -€18,535 | -15.4% |
| Trade receivables | 40 | €119,968 | €101,471 | -€18,497 | -15.4% |
| Other amounts receivable | 41 | €52 | €14 | -€38 | -73.4% |
| Current investments | 50/53 | €391,896 | €472,156 | +€80,260 | +20.5% |
| Cash at bank and in hand | 54/58 | €364,517 | €367,075 | +€2,558 | +0.7% |
| Deferred charges and accrued income | 490/1 | €37 | - | -€37 | |
| Total equity and liabilities | 10/49 | €1,226,434 | €1,255,267 | +€28,833 | +2.4% |
| Equity | 10/15 | €981,059 | €1,057,198 | +€76,139 | +7.8% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €944,735 | €1,021,695 | +€76,960 | +8.1% |
| Non-distributable reserves | 130/1 | €3,500 | €3,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €941,235 | €1,018,195 | +€76,960 | +8.2% |
| Profit (loss) carried forward | 14 | €1,324 | €503 | -€821 | -62.0% |
| Amounts payable | 17/49 | €245,375 | €198,069 | -€47,306 | -19.3% |
| Amounts payable after more than one year | 17 | €118,699 | €109,504 | -€9,195 | -7.7% |
| Financial debts | 170/4 | €118,699 | €109,504 | -€9,195 | -7.7% |
| Amounts payable within one year | 42/48 | €106,801 | €71,574 | -€35,227 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €8,907 | €9,195 | +€288 | +3.2% |
| Taxes, remuneration and social security | 45 | €54,427 | €20,493 | -€33,934 | -62.3% |
| Taxes | 450/3 | €50,460 | €20,493 | -€29,967 | -59.4% |
| Remuneration and social security | 454/9 | €3,967 | - | -€3,967 | |
| Other amounts payable | 47/48 | €43,467 | €41,886 | -€1,581 | -3.6% |
| Accrued charges and deferred income | 492/3 | €19,875 | €16,991 | -€2,884 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,898 | €36,615 | -€1,283 | -3.4% |
| Other operating charges | 640/8 | €1,695 | €1,501 | -€194 | -11.4% |
| Gross operating margin | 9900 | €280,376 | €259,290 | -€21,086 | -7.5% |
| Operating profit (loss) | 9901 | €240,782 | €221,173 | -€19,609 | -8.1% |
| Financial income | 75/76B | €10,952 | €7,406 | -€3,546 | -32.4% |
| Recurring financial income | 75 | €10,952 | €7,406 | -€3,546 | -32.4% |
| Financial charges | 65/66B | €5,675 | €5,009 | -€666 | -11.7% |
| Recurring financial charges | 65 | €5,675 | €5,009 | -€666 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €246,059 | €223,570 | -€22,489 | -9.1% |
| Income taxes | 67/77 | €74,338 | €68,381 | -€5,957 | -8.0% |
| Profit (loss) for the period | 9904 | €171,721 | €155,189 | -€16,532 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €171,721 | €155,189 | -€16,532 | -9.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.