BT CONSTRUCT: 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 CONSTRUCT
Largest movements
- Tangible fixed assets -€12,232
down €12,232 (-12.3%), from €99,144 to €86,912
of which Land and buildings: -€8,052
- Receivables after one year -€8,918
down €8,918 (-6.7%), from €132,163 to €123,245
- Reserves +€121,489
up €121,489 (+388.4%), from €31,280 to €152,769
of which Distributable reserves: +€121,489
- Profit (loss) carried forward -€115,401
no longer reported in 2025 (was €115,401)
- Debts after one year -€14,050
down €14,050 (-10.8%), from €129,771 to €115,721
- Other debts -€12,872
down €12,872 (-20.0%), from €64,372 to €51,500
- Gross operating margin -€6,135
down €6,135 (-17.1%), from €35,787 to €29,652
- Financial income +€1,541
up €1,541 (+16.3%), from €9,457 to €10,998
- Taxes -€1,266
down €1,266 (-28.7%), from €4,412 to €3,146
- Financial charges -€705
down €705 (-8.9%), from €7,948 to €7,243
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €451,048 | €428,936 | -€22,113 | -4.9% |
| Fixed assets | 21/28 | €99,592 | €86,912 | -€12,680 | -12.7% |
| Tangible fixed assets | 22/27 | €99,144 | €86,912 | -€12,232 | -12.3% |
| Land and buildings | 22 | €88,651 | €80,599 | -€8,052 | -9.1% |
| Furniture and vehicles | 24 | €245 | €49 | -€196 | -80.0% |
| Leasing and similar rights | 25 | €10,247 | €6,264 | -€3,983 | -38.9% |
| Financial fixed assets | 28 | €449 | - | -€449 | |
| Current assets | 29/58 | €351,456 | €342,024 | -€9,432 | -2.7% |
| Amounts receivable after more than one year | 29 | €132,163 | €123,245 | -€8,918 | -6.7% |
| Other amounts receivable | 291 | €132,163 | €123,245 | -€8,918 | -6.7% |
| Amounts receivable within one year | 40/41 | €218,260 | €217,875 | -€385 | -0.2% |
| Trade receivables | 40 | €20,787 | €12,701 | -€8,086 | -38.9% |
| Other amounts receivable | 41 | €197,473 | €205,174 | +€7,700 | +3.9% |
| Deferred charges and accrued income | 490/1 | €1,034 | €904 | -€129 | -12.5% |
| Total equity and liabilities | 10/49 | €451,048 | €428,936 | -€22,113 | -4.9% |
| Equity | 10/15 | €208,181 | €214,269 | +€6,088 | +2.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €31,280 | €152,769 | +€121,489 | +388.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €8,780 | €130,269 | +€121,489 | +1383.8% |
| Profit (loss) carried forward | 14 | €115,401 | - | -€115,401 | |
| Amounts payable | 17/49 | €242,868 | €214,667 | -€28,200 | -11.6% |
| Amounts payable after more than one year | 17 | €129,771 | €115,721 | -€14,050 | -10.8% |
| Financial debts | 170/4 | €129,771 | €115,721 | -€14,050 | -10.8% |
| Amounts payable within one year | 42/48 | €110,455 | €98,947 | -€11,509 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €12,584 | €13,697 | +€1,113 | +8.8% |
| Financial debts | 43 | €5,405 | €5,075 | -€330 | -6.1% |
| Credit institutions | 430/8 | €5,405 | €5,075 | -€330 | -6.1% |
| Trade debts | 44 | €17,581 | €16,346 | -€1,235 | -7.0% |
| Suppliers | 440/4 | €17,581 | €16,346 | -€1,235 | -7.0% |
| Advances received on contracts in progress | 46 | €1,082 | - | -€1,082 | |
| Taxes, remuneration and social security | 45 | €9,432 | €12,328 | +€2,897 | +30.7% |
| Taxes | 450/3 | €9,432 | €12,328 | +€2,897 | +30.7% |
| Other amounts payable | 47/48 | €64,372 | €51,500 | -€12,872 | -20.0% |
| Accrued charges and deferred income | 492/3 | €2,641 | - | -€2,641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,355 | €12,232 | -€124 | -1.0% |
| Other operating charges | 640/8 | €11,749 | €11,941 | +€192 | +1.6% |
| Gross operating margin | 9900 | €35,787 | €29,652 | -€6,135 | -17.1% |
| Operating profit (loss) | 9901 | €11,683 | €5,479 | -€6,203 | -53.1% |
| Financial income | 75/76B | €9,457 | €10,998 | +€1,541 | +16.3% |
| Recurring financial income | 75 | €9,457 | €10,998 | +€1,541 | +16.3% |
| Financial charges | 65/66B | €7,948 | €7,243 | -€705 | -8.9% |
| Recurring financial charges | 65 | €7,948 | €7,243 | -€705 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €13,192 | €9,234 | -€3,958 | -30.0% |
| Income taxes | 67/77 | €4,412 | €3,146 | -€1,266 | -28.7% |
| Profit (loss) for the period | 9904 | €8,780 | €6,088 | -€2,692 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,780 | €6,088 | -€2,692 | -30.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.