BT-CONCEPT: 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-CONCEPT
Largest movements
- Receivables within one year -€54,589
down €54,589 (-80.1%), from €68,125 to €13,536
of which Trade receivables: -€49,545
- Receivables after one year +€41,500
up €41,500 (+48.5%), from €85,500 to €127,000
- Stocks and contracts -€10,163
down €10,163 (-47.8%), from €21,267 to €11,104
- Deferred charges and accrued income +€2,220
new in 2025: €2,220
- Short-term financial debts -€16,780
down €16,780 (-27.1%), from €61,985 to €45,205
- Trade debts -€9,441
down €9,441 (-41.3%), from €22,878 to €13,437
- Reserves +€5,000
up €5,000 (+7.7%), from €65,000 to €70,000
- Profit (loss) carried forward -€3,192
down €3,192 (-76.2%), from €4,190 to €998
- Tax, wage and social debts +€2,118
up €2,118 (+159%), from €1,329 to €3,447
of which Remuneration and social security: +€2,145
- Gross operating margin -€12,889
down €12,889 (-86.4%), from €14,917 to €2,028
- Financial income +€9,803
new in 2025: €9,803
- Financial charges -€4,314
down €4,314 (-32.9%), from €13,106 to €8,792
- Taxes +€271
up €271 (+58.8%), from €461 to €732
- Other operating charges -€221
down €221 (-47.6%), from €464 to €243
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 | €175,842 | €153,860 | -€21,982 | -12.5% |
| Fixed assets | 21/28 | €256 | - | -€256 | |
| Tangible fixed assets | 22/27 | €256 | - | -€256 | |
| Plant, machinery and equipment | 23 | €256 | - | -€256 | |
| Current assets | 29/58 | €175,586 | €153,860 | -€21,726 | -12.4% |
| Amounts receivable after more than one year | 29 | €85,500 | €127,000 | +€41,500 | +48.5% |
| Other amounts receivable | 291 | €85,500 | €127,000 | +€41,500 | +48.5% |
| Stocks and contracts in progress | 3 | €21,267 | €11,104 | -€10,163 | -47.8% |
| Stocks | 30/36 | €21,267 | €11,104 | -€10,163 | -47.8% |
| Amounts receivable within one year | 40/41 | €68,125 | €13,536 | -€54,589 | -80.1% |
| Trade receivables | 40 | €63,081 | €13,536 | -€49,545 | -78.5% |
| Other amounts receivable | 41 | €5,044 | - | -€5,044 | |
| Cash at bank and in hand | 54/58 | €694 | - | -€694 | |
| Deferred charges and accrued income | 490/1 | - | €2,220 | +€2,220 | |
| Total equity and liabilities | 10/49 | €175,842 | €153,860 | -€21,982 | -12.5% |
| Equity | 10/15 | €89,650 | €91,458 | +€1,808 | +2.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €65,000 | €70,000 | +€5,000 | +7.7% |
| Distributable reserves | 133 | €65,000 | €70,000 | +€5,000 | +7.7% |
| Profit (loss) carried forward | 14 | €4,190 | €998 | -€3,192 | -76.2% |
| Amounts payable | 17/49 | €86,192 | €62,402 | -€23,790 | -27.6% |
| Amounts payable within one year | 42/48 | €86,192 | €62,402 | -€23,790 | -27.6% |
| Financial debts | 43 | €61,985 | €45,205 | -€16,780 | -27.1% |
| Credit institutions | 430/8 | €61,985 | €45,205 | -€16,780 | -27.1% |
| Trade debts | 44 | €22,878 | €13,437 | -€9,441 | -41.3% |
| Suppliers | 440/4 | €22,878 | €13,437 | -€9,441 | -41.3% |
| Taxes, remuneration and social security | 45 | €1,329 | €3,447 | +€2,118 | +159% |
| Taxes | 450/3 | €1,329 | €1,302 | -€27 | -2.0% |
| Remuneration and social security | 454/9 | - | €2,145 | +€2,145 | |
| Other amounts payable | 47/48 | - | €313 | +€313 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256 | €256 | = | 0.0% |
| Other operating charges | 640/8 | €464 | €243 | -€221 | -47.6% |
| Gross operating margin | 9900 | €14,917 | €2,028 | -€12,889 | -86.4% |
| Operating profit (loss) | 9901 | €14,197 | €1,529 | -€12,668 | -89.2% |
| Financial income | 75/76B | - | €9,803 | +€9,803 | |
| Recurring financial income | 75 | - | €9,803 | +€9,803 | |
| Financial charges | 65/66B | €13,106 | €8,792 | -€4,314 | -32.9% |
| Recurring financial charges | 65 | €13,106 | €8,792 | -€4,314 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €1,091 | €2,540 | +€1,449 | +133% |
| Income taxes | 67/77 | €461 | €732 | +€271 | +58.8% |
| Profit (loss) for the period | 9904 | €630 | €1,808 | +€1,178 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €630 | €1,808 | +€1,178 | +187% |
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 15 October 2026 via checked.be.