BT Build: what changed
Two fiscal 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 Build
Largest movements
- Receivables within one year +€35,855
up €35,855 (+1173.3%), from €3,056 to €38,910
of which Trade receivables: +€32,711
- Deferred charges and accrued income +€1,891
new in 2025: €1,891
- Cash -€1,822
no longer reported in 2025 (was €1,822)
mainly Receivables within one year (-€35,855) and Other debts (-€10,031)
- Advances received +€19,841
up €19,841 (+191.8%), from €10,344 to €30,185
- Short-term financial debts +€14,398
new in 2025: €14,398
- Other debts -€10,031
no longer reported in 2025 (was €10,031)
- Tax, wage and social debts +€4,564
up €4,564 (+63.2%), from €7,218 to €11,783
of which Taxes: +€8,395
- Trade debts +€2,313
up €2,313 (+30.4%), from €7,613 to €9,926
- Gross operating margin -€18,994
down €18,994 (-65.9%), from €28,825 to €9,832
- Other operating charges -€4,013
down €4,013 (-94.4%), from €4,253 to €240
- Financial charges +€2,230
up €2,230 (+75.9%), from €2,938 to €5,168
- Taxes +€560
no longer reported in 2025 (was -€560)
- Financial income +€510
up €510 (+3986.9%), from €13 to €523
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 | €12,770 | €49,162 | +€36,392 | +285.0% |
| Fixed assets | 21/28 | €7,892 | €8,360 | +€468 | +5.9% |
| Tangible fixed assets | 22/27 | €7,892 | €8,360 | +€468 | +5.9% |
| Plant, machinery and equipment | 23 | €6,110 | €6,153 | +€43 | +0.7% |
| Furniture and vehicles | 24 | €1,782 | €2,207 | +€425 | +23.8% |
| Current assets | 29/58 | €4,878 | €40,802 | +€35,924 | +736.5% |
| Amounts receivable within one year | 40/41 | €3,056 | €38,910 | +€35,855 | +1173.3% |
| Trade receivables | 40 | - | €32,711 | +€32,711 | |
| Other amounts receivable | 41 | €3,056 | €6,199 | +€3,143 | +102.9% |
| Cash at bank and in hand | 54/58 | €1,822 | - | -€1,822 | |
| Deferred charges and accrued income | 490/1 | - | €1,891 | +€1,891 | |
| Total equity and liabilities | 10/49 | €12,770 | €49,162 | +€36,392 | +285.0% |
| Equity | 10/15 | -€29,237 | -€27,160 | +€2,077 | +7.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €31,095 | €31,095 | = | 0.0% |
| Distributable reserves | 133 | €31,095 | €31,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,832 | -€59,755 | +€2,077 | +3.4% |
| Amounts payable | 17/49 | €42,007 | €76,321 | +€34,314 | +81.7% |
| Amounts payable after more than one year | 17 | - | €2,102 | +€2,102 | |
| Financial debts | 170/4 | - | €2,102 | +€2,102 | |
| Amounts payable within one year | 42/48 | €42,007 | €74,219 | +€32,212 | +76.7% |
| Current portion of amounts payable after more than one year | 42 | €6,801 | €7,927 | +€1,126 | +16.6% |
| Financial debts | 43 | - | €14,398 | +€14,398 | |
| Credit institutions | 430/8 | - | €14,398 | +€14,398 | |
| Trade debts | 44 | €7,613 | €9,926 | +€2,313 | +30.4% |
| Suppliers | 440/4 | €7,613 | €9,926 | +€2,313 | +30.4% |
| Advances received on contracts in progress | 46 | €10,344 | €30,185 | +€19,841 | +191.8% |
| Taxes, remuneration and social security | 45 | €7,218 | €11,783 | +€4,564 | +63.2% |
| Taxes | 450/3 | €3,387 | €11,783 | +€8,395 | +247.9% |
| Remuneration and social security | 454/9 | €3,831 | - | -€3,831 | |
| Other amounts payable | 47/48 | €10,031 | - | -€10,031 | |
| Remuneration, social security and pensions | 62 | €59 | - | -€59 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,462 | €2,870 | +€409 | +16.6% |
| Other operating charges | 640/8 | €4,253 | €240 | -€4,013 | -94.4% |
| Gross operating margin | 9900 | €28,825 | €9,832 | -€18,994 | -65.9% |
| Operating profit (loss) | 9901 | €22,052 | €6,722 | -€15,330 | -69.5% |
| Financial income | 75/76B | €13 | €523 | +€510 | +3986.9% |
| Recurring financial income | 75 | €13 | €523 | +€510 | +3986.9% |
| Financial charges | 65/66B | €2,938 | €5,168 | +€2,230 | +75.9% |
| Recurring financial charges | 65 | €2,938 | €5,168 | +€2,230 | +75.9% |
| Profit (loss) for the period before taxes | 9903 | €19,127 | €2,077 | -€17,050 | -89.1% |
| Income taxes | 67/77 | -€560 | - | +€560 | |
| Profit (loss) for the period | 9904 | €19,687 | €2,077 | -€17,610 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,687 | €2,077 | -€17,610 | -89.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.