BT Company: 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 Company
Largest movements
- Receivables within one year +€4.3m
up €4.3m (+85.2%), from €5.0m to €9.3m
of which Other amounts receivable: +€9.1m
- Cash -€1.2m
down €1.2m (-99.6%), from €1.2m to €4,813
mainly Other debts (-€4.6m) and Receivables within one year (-€4.3m)
- Financial fixed assets +€300,000
new in 2025: €300,000
- Debts after one year +€8.3m
new in 2025: €8.3m
- Other debts -€4.6m
down €4.6m (-83.3%), from €5.5m to €920,000
- Trade debts -€371,102
down €371,102 (-79.3%), from €467,748 to €96,646
- Accrued charges and deferred income +€134,108
new in 2025: €134,108
- Financial income +€211,096
up €211,096 (+1,042%), from €20,266 to €231,361
- Gross operating margin -€132,805
down €132,805 (-75.8%), from €175,302 to €42,497
- Taxes -€8,142
down €8,142 (-15.5%), from €52,577 to €44,434
- Financial charges +€4,428
up €4,428 (+1.6%), from €277,465 to €281,893
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 | €6,184,285 | €9,555,414 | +€3.4m | +54.5% |
| Fixed assets | 21/28 | - | €300,000 | +€300,000 | |
| Financial fixed assets | 28 | - | €300,000 | +€300,000 | |
| Current assets | 29/58 | €6,184,285 | €9,255,414 | +€3.1m | +49.7% |
| Amounts receivable within one year | 40/41 | €4,994,508 | €9,250,601 | +€4.3m | +85.2% |
| Trade receivables | 40 | €4,879,120 | €5,893 | -€4.9m | -99.9% |
| Other amounts receivable | 41 | €115,388 | €9,244,708 | +€9.1m | +7,912% |
| Cash at bank and in hand | 54/58 | €1,189,777 | €4,813 | -€1.2m | -99.6% |
| Total equity and liabilities | 10/49 | €6,184,285 | €9,555,414 | +€3.4m | +54.5% |
| Equity | 10/15 | €54,638 | €1,027 | -€53,611 | -98.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €44,638 | €44,638 | = | 0.0% |
| Distributable reserves | 133 | €44,638 | €44,638 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€53,611 | -€53,611 | |
| Amounts payable | 17/49 | €6,129,647 | €9,554,387 | +€3.4m | +55.9% |
| Amounts payable after more than one year | 17 | - | €8,320,000 | +€8.3m | |
| Financial debts | 170/4 | - | €8,320,000 | +€8.3m | |
| Amounts payable within one year | 42/48 | €6,129,647 | €1,100,279 | -€5.0m | -82.0% |
| Trade debts | 44 | €467,748 | €96,646 | -€371,102 | -79.3% |
| Suppliers | 440/4 | €467,748 | €96,646 | -€371,102 | -79.3% |
| Taxes, remuneration and social security | 45 | €145,550 | €83,633 | -€61,917 | -42.5% |
| Taxes | 450/3 | €145,550 | €83,633 | -€61,917 | -42.5% |
| Other amounts payable | 47/48 | €5,516,349 | €920,000 | -€4.6m | -83.3% |
| Accrued charges and deferred income | 492/3 | - | €134,108 | +€134,108 | |
| Other operating charges | 640/8 | €387 | €1,143 | +€755 | +195% |
| Gross operating margin | 9900 | €175,302 | €42,497 | -€132,805 | -75.8% |
| Operating profit (loss) | 9901 | €174,915 | €41,355 | -€133,560 | -76.4% |
| Financial income | 75/76B | €20,266 | €231,361 | +€211,096 | +1,042% |
| Recurring financial income | 75 | €20,266 | €231,361 | +€211,096 | +1,042% |
| Financial charges | 65/66B | €277,465 | €281,893 | +€4,428 | +1.6% |
| Recurring financial charges | 65 | €277,465 | €281,893 | +€4,428 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€82,285 | -€9,177 | +€73,108 | +88.8% |
| Income taxes | 67/77 | €52,577 | €44,434 | -€8,142 | -15.5% |
| Profit (loss) for the period | 9904 | -€134,861 | -€53,611 | +€81,250 | +60.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€134,861 | -€53,611 | +€81,250 | +60.2% |
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.