BT ADVISORS: 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 ADVISORS
Largest movements
- Cash -€42,921
down €42,921 (-69.5%), from €61,787 to €18,866
mainly Receivables within one year (-€33,458) and Deferred charges and accrued income (-€13,668)
- Receivables within one year +€33,458
up €33,458 (+536%), from €6,245 to €39,703
of which Trade receivables: +€34,787
- Deferred charges and accrued income +€13,668
up €13,668 (+209%), from €6,535 to €20,203
- Tangible fixed assets -€2,377
down €2,377 (-79.0%), from €3,009 to €632
of which Furniture and vehicles: -€1,885
- Trade debts -€10,738
down €10,738 (-18.9%), from €56,807 to €46,069
- Tax, wage and social debts +€9,838
up €9,838 (+301%), from €3,273 to €13,111
of which Taxes: +€5,433
- Accrued charges and deferred income +€2,251
new in 2025: €2,251
- Reserves +€2,056
up €2,056 (+13.5%), from €15,240 to €17,297
- Profit (loss) carried forward -€2,015
down €2,015 (-100%), from €2,015 to €0
- Staff costs +€10,594
up €10,594 (+45.0%), from €23,558 to €34,152
- Gross operating margin +€7,964
up €7,964 (+25.9%), from €30,798 to €38,762
- Depreciation -€498
down €498 (-17.3%), from €2,875 to €2,377
- Other operating charges -€412
down €412 (-40.1%), from €1,026 to €614
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 | €80,276 | €82,104 | +€1,828 | +2.3% |
| Fixed assets | 21/28 | €5,709 | €3,332 | -€2,377 | -41.6% |
| Tangible fixed assets | 22/27 | €3,009 | €632 | -€2,377 | -79.0% |
| Plant, machinery and equipment | 23 | €492 | €0 | -€492 | -100% |
| Furniture and vehicles | 24 | €2,517 | €632 | -€1,885 | -74.9% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €74,567 | €78,772 | +€4,205 | +5.6% |
| Amounts receivable within one year | 40/41 | €6,245 | €39,703 | +€33,458 | +536% |
| Trade receivables | 40 | €4,916 | €39,703 | +€34,787 | +708% |
| Other amounts receivable | 41 | €1,329 | €0 | -€1,329 | -100% |
| Cash at bank and in hand | 54/58 | €61,787 | €18,866 | -€42,921 | -69.5% |
| Deferred charges and accrued income | 490/1 | €6,535 | €20,203 | +€13,668 | +209% |
| Total equity and liabilities | 10/49 | €80,276 | €82,104 | +€1,828 | +2.3% |
| Equity | 10/15 | €18,755 | €18,797 | +€41 | +0.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €15,240 | €17,297 | +€2,056 | +13.5% |
| Distributable reserves | 133 | €15,240 | €17,297 | +€2,056 | +13.5% |
| Profit (loss) carried forward | 14 | €2,015 | €0 | -€2,015 | -100% |
| Amounts payable | 17/49 | €61,521 | €63,307 | +€1,786 | +2.9% |
| Amounts payable within one year | 42/48 | €61,521 | €61,057 | -€464 | -0.8% |
| Trade debts | 44 | €56,807 | €46,069 | -€10,738 | -18.9% |
| Suppliers | 440/4 | €56,807 | €46,069 | -€10,738 | -18.9% |
| Taxes, remuneration and social security | 45 | €3,273 | €13,111 | +€9,838 | +301% |
| Taxes | 450/3 | €465 | €5,898 | +€5,433 | +1,168% |
| Remuneration and social security | 454/9 | €2,807 | €7,212 | +€4,405 | +157% |
| Other amounts payable | 47/48 | €1,441 | €1,877 | +€436 | +30.2% |
| Accrued charges and deferred income | 492/3 | - | €2,251 | +€2,251 | |
| Remuneration, social security and pensions | 62 | €23,558 | €34,152 | +€10,594 | +45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,875 | €2,377 | -€498 | -17.3% |
| Other operating charges | 640/8 | €1,026 | €614 | -€412 | -40.1% |
| Non-recurring operating charges | 66A | €1,534 | €0 | -€1,534 | -100% |
| Gross operating margin | 9900 | €30,798 | €38,762 | +€7,964 | +25.9% |
| Operating profit (loss) | 9901 | €1,806 | €1,618 | -€187 | -10.4% |
| Financial income | 75/76B | €87 | €249 | +€162 | +186% |
| Recurring financial income | 75 | €87 | €249 | +€162 | +186% |
| Financial charges | 65/66B | €1,120 | €1,165 | +€45 | +4.0% |
| Recurring financial charges | 65 | €1,120 | €1,165 | +€45 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €773 | €703 | -€70 | -9.1% |
| Income taxes | 67/77 | €465 | €661 | +€196 | +42.1% |
| Profit (loss) for the period | 9904 | €307 | €41 | -€266 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €307 | €41 | -€266 | -86.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.