BT: 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.
BT
Largest movements
- Tangible fixed assets -€14,507
down €14,507 (-24.3%), from €59,606 to €45,099
of which Furniture and vehicles: -€13,948
- Receivables within one year -€13,643
down €13,643 (-69.8%), from €19,538 to €5,895
of which Trade receivables: -€13,864
- Cash -€6,633
down €6,633 (-58.3%), from €11,372 to €4,739
mainly Trade debts (-€31,708) and Other debts (-€18,286)
- Stocks and contracts +€3,500
up €3,500 (+35.0%), from €10,000 to €13,500
- Trade debts -€31,708
down €31,708 (-59.1%), from €53,656 to €21,948
- Other debts -€18,286
down €18,286 (-50.2%), from €36,460 to €18,174
- Profit (loss) carried forward +€13,674
up €13,674 (+176%), from €7,760 to €21,434
- Tax, wage and social debts +€3,841
up €3,841 (+162%), from €2,376 to €6,218
- Gross operating margin +€15,236
up €15,236 (+18.9%), from €80,455 to €95,691
- Taxes +€4,833
up €4,833 (+758%), from €638 to €5,470
- Financial charges -€4,645
down €4,645 (-34.7%), from €13,405 to €8,760
- Staff costs +€3,019
up €3,019 (+6.2%), from €48,484 to €51,503
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 | €105,252 | €72,773 | -€32,479 | -30.9% |
| Formation expenses | 20 | €488 | - | -€488 | |
| Fixed assets | 21/28 | €63,854 | €48,639 | -€15,215 | -23.8% |
| Intangible fixed assets | 21 | €4,248 | €3,540 | -€708 | -16.7% |
| Tangible fixed assets | 22/27 | €59,606 | €45,099 | -€14,507 | -24.3% |
| Land and buildings | 22 | €2,872 | €2,553 | -€319 | -11.1% |
| Plant, machinery and equipment | 23 | €978 | €739 | -€240 | -24.5% |
| Furniture and vehicles | 24 | €55,756 | €41,807 | -€13,948 | -25.0% |
| Current assets | 29/58 | €40,910 | €24,134 | -€16,776 | -41.0% |
| Stocks and contracts in progress | 3 | €10,000 | €13,500 | +€3,500 | +35.0% |
| Stocks | 30/36 | €10,000 | €13,500 | +€3,500 | +35.0% |
| Amounts receivable within one year | 40/41 | €19,538 | €5,895 | -€13,643 | -69.8% |
| Trade receivables | 40 | €18,868 | €5,004 | -€13,864 | -73.5% |
| Other amounts receivable | 41 | €670 | €891 | +€221 | +32.9% |
| Cash at bank and in hand | 54/58 | €11,372 | €4,739 | -€6,633 | -58.3% |
| Total equity and liabilities | 10/49 | €105,252 | €72,773 | -€32,479 | -30.9% |
| Equity | 10/15 | €12,760 | €26,434 | +€13,674 | +107% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Share premium | 1100/10 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | €7,760 | €21,434 | +€13,674 | +176% |
| Amounts payable | 17/49 | €92,492 | €46,340 | -€46,152 | -49.9% |
| Amounts payable within one year | 42/48 | €92,492 | €46,340 | -€46,152 | -49.9% |
| Trade debts | 44 | €53,656 | €21,948 | -€31,708 | -59.1% |
| Suppliers | 440/4 | €53,656 | €21,948 | -€31,708 | -59.1% |
| Taxes, remuneration and social security | 45 | €2,376 | €6,218 | +€3,841 | +162% |
| Taxes | 450/3 | €2,376 | €6,218 | +€3,841 | +162% |
| Other amounts payable | 47/48 | €36,460 | €18,174 | -€18,286 | -50.2% |
| Remuneration, social security and pensions | 62 | €48,484 | €51,503 | +€3,019 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,683 | €15,703 | +€20 | +0.1% |
| Other operating charges | 640/8 | €394 | €581 | +€187 | +47.5% |
| Gross operating margin | 9900 | €80,455 | €95,691 | +€15,236 | +18.9% |
| Operating profit (loss) | 9901 | €15,893 | €27,903 | +€12,010 | +75.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €13,405 | €8,760 | -€4,645 | -34.7% |
| Recurring financial charges | 65 | €13,405 | €8,760 | -€4,645 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €2,488 | €19,144 | +€16,655 | +669% |
| Income taxes | 67/77 | €638 | €5,470 | +€4,833 | +758% |
| Profit (loss) for the period | 9904 | €1,851 | €13,674 | +€11,823 | +639% |
| Profit (loss) for the period to be appropriated | 9905 | €1,851 | €13,674 | +€11,823 | +639% |
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 18 October 2026 via checked.be.