BSTW: 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.
BSTW
Largest movements
- Receivables within one year +€22,541
up €22,541 (+167.9%), from €13,423 to €35,965
of which Other amounts receivable: +€18,554
- Cash -€17,623
down €17,623 (-55.4%), from €31,832 to €14,209
mainly Receivables within one year (-€22,541) and Other debts (-€10,000)
- Tangible fixed assets -€10,316
down €10,316 (-22.6%), from €45,671 to €35,355
of which Furniture and vehicles: -€10,165
- Deferred charges and accrued income +€1,839
up €1,839 (+93.9%), from €1,959 to €3,798
- Reserves +€21,726
up €21,726 (+263.7%), from €8,238 to €29,964
- Profit (loss) carried forward -€12,067
down €12,067 (-55.5%), from €21,726 to €9,659
- Other debts -€10,000
down €10,000 (-20.2%), from €49,500 to €39,500
- Tax, wage and social debts -€6,261
down €6,261 (-60.3%), from €10,389 to €4,128
of which Taxes: -€6,101
- Trade debts +€3,936
up €3,936 (+348.0%), from €1,131 to €5,067
- Gross operating margin -€26,609
down €26,609 (-60.3%), from €44,116 to €17,507
- Taxes -€10,336
down €10,336, from €5,922 to -€4,413
- Depreciation -€4,086
down €4,086 (-28.4%), from €14,402 to €10,316
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 | €92,885 | €89,326 | -€3,559 | -3.8% |
| Fixed assets | 21/28 | €45,671 | €35,355 | -€10,316 | -22.6% |
| Tangible fixed assets | 22/27 | €45,671 | €35,355 | -€10,316 | -22.6% |
| Plant, machinery and equipment | 23 | €151 | - | -€151 | |
| Furniture and vehicles | 24 | €45,520 | €35,355 | -€10,165 | -22.3% |
| Current assets | 29/58 | €47,214 | €53,971 | +€6,757 | +14.3% |
| Amounts receivable within one year | 40/41 | €13,423 | €35,965 | +€22,541 | +167.9% |
| Trade receivables | 40 | €13,104 | €17,092 | +€3,987 | +30.4% |
| Other amounts receivable | 41 | €319 | €18,873 | +€18,554 | +5814.7% |
| Cash at bank and in hand | 54/58 | €31,832 | €14,209 | -€17,623 | -55.4% |
| Deferred charges and accrued income | 490/1 | €1,959 | €3,798 | +€1,839 | +93.9% |
| Total equity and liabilities | 10/49 | €92,885 | €89,326 | -€3,559 | -3.8% |
| Equity | 10/15 | €30,964 | €40,624 | +€9,659 | +31.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €8,238 | €29,964 | +€21,726 | +263.7% |
| Distributable reserves | 133 | €8,238 | €29,964 | +€21,726 | +263.7% |
| Profit (loss) carried forward | 14 | €21,726 | €9,659 | -€12,067 | -55.5% |
| Amounts payable | 17/49 | €61,921 | €48,703 | -€13,218 | -21.3% |
| Amounts payable within one year | 42/48 | €61,020 | €48,695 | -€12,325 | -20.2% |
| Trade debts | 44 | €1,131 | €5,067 | +€3,936 | +348.0% |
| Suppliers | 440/4 | €1,131 | €5,067 | +€3,936 | +348.0% |
| Taxes, remuneration and social security | 45 | €10,389 | €4,128 | -€6,261 | -60.3% |
| Taxes | 450/3 | €10,229 | €4,128 | -€6,101 | -59.6% |
| Remuneration and social security | 454/9 | €160 | - | -€160 | |
| Other amounts payable | 47/48 | €49,500 | €39,500 | -€10,000 | -20.2% |
| Accrued charges and deferred income | 492/3 | €901 | €8 | -€893 | -99.1% |
| Non-recurring operating income | 76A | €6,503 | - | -€6,503 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,402 | €10,316 | -€4,086 | -28.4% |
| Other operating charges | 640/8 | €2,234 | €1,812 | -€422 | -18.9% |
| Gross operating margin | 9900 | €44,116 | €17,507 | -€26,609 | -60.3% |
| Operating profit (loss) | 9901 | €27,481 | €5,379 | -€22,102 | -80.4% |
| Financial income | 75/76B | €324 | €0 | -€324 | -100.0% |
| Recurring financial income | 75 | €324 | €0 | -€324 | -100.0% |
| Financial charges | 65/66B | €156 | €133 | -€24 | -15.1% |
| Recurring financial charges | 65 | €156 | €133 | -€24 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €27,648 | €5,246 | -€22,402 | -81.0% |
| Income taxes | 67/77 | €5,922 | -€4,413 | -€10,336 | |
| Profit (loss) for the period | 9904 | €21,726 | €9,659 | -€12,067 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,726 | €9,659 | -€12,067 | -55.5% |
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 11 October 2026 via checked.be.