BT CONSULTANTS: 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 CONSULTANTS
Largest movements
- Cash -€14,200
down €14,200 (-13.1%), from €108,497 to €94,297
mainly Contributions, distributions and other (-€45,000) and Trade debts (-€23,136)
- Receivables within one year +€9,572
up €9,572 (+1.7%), from €552,731 to €562,303
of which Trade receivables: +€8,027
- Reserves +€45,000
up €45,000 (+7.9%), from €572,555 to €617,555
of which Distributable reserves: +€45,000
- Trade debts -€23,136
down €23,136 (-19.7%), from €117,345 to €94,210
- Debts after one year -€11,818
down €11,818 (-7.3%), from €161,818 to €150,000
- Tax, wage and social debts -€10,779
down €10,779 (-23.0%), from €46,878 to €36,099
of which Taxes: -€21,515
- Staff costs +€12,269
up €12,269 (+11.8%), from €103,615 to €115,884
- Gross operating margin -€11,817
down €11,817 (-4.5%), from €264,938 to €253,120
- Financial charges -€4,200
down €4,200 (-19.7%), from €21,273 to €17,073
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 | €941,176 | €941,193 | +€17 | 0.0% |
| Fixed assets | 21/28 | €11,034 | €13,614 | +€2,581 | +23.4% |
| Tangible fixed assets | 22/27 | €10,600 | €13,180 | +€2,581 | +24.3% |
| Plant, machinery and equipment | 23 | €137 | €3,033 | +€2,896 | +2,110% |
| Furniture and vehicles | 24 | €7,431 | €5,936 | -€1,495 | -20.1% |
| Other tangible fixed assets | 26 | €3,032 | €4,212 | +€1,180 | +38.9% |
| Financial fixed assets | 28 | €434 | €434 | = | 0.0% |
| Current assets | 29/58 | €930,142 | €927,578 | -€2,564 | -0.3% |
| Amounts receivable within one year | 40/41 | €552,731 | €562,303 | +€9,572 | +1.7% |
| Trade receivables | 40 | €496,909 | €504,935 | +€8,027 | +1.6% |
| Other amounts receivable | 41 | €55,822 | €57,368 | +€1,546 | +2.8% |
| Current investments | 50/53 | €233,750 | €233,750 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €108,497 | €94,297 | -€14,200 | -13.1% |
| Deferred charges and accrued income | 490/1 | €35,164 | €37,228 | +€2,064 | +5.9% |
| Total equity and liabilities | 10/49 | €941,176 | €941,193 | +€17 | 0.0% |
| Equity | 10/15 | €603,734 | €649,066 | +€45,332 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €572,555 | €617,555 | +€45,000 | +7.9% |
| Non-distributable reserves | 130/1 | €235,610 | €235,610 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €233,750 | €233,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,311 | €10,311 | = | 0.0% |
| Distributable reserves | 133 | €326,634 | €371,634 | +€45,000 | +13.8% |
| Profit (loss) carried forward | 14 | €12,579 | €12,911 | +€332 | +2.6% |
| Amounts payable | 17/49 | €337,442 | €292,127 | -€45,315 | -13.4% |
| Amounts payable after more than one year | 17 | €161,818 | €150,000 | -€11,818 | -7.3% |
| Financial debts | 170/4 | €161,818 | €150,000 | -€11,818 | -7.3% |
| Amounts payable within one year | 42/48 | €175,624 | €142,127 | -€33,496 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €11,400 | €11,818 | +€418 | +3.7% |
| Trade debts | 44 | €117,345 | €94,210 | -€23,136 | -19.7% |
| Suppliers | 440/4 | €117,345 | €94,210 | -€23,136 | -19.7% |
| Taxes, remuneration and social security | 45 | €46,878 | €36,099 | -€10,779 | -23.0% |
| Taxes | 450/3 | €43,976 | €22,460 | -€21,515 | -48.9% |
| Remuneration and social security | 454/9 | €2,902 | €13,639 | +€10,736 | +370% |
| Non-recurring operating income | 76A | €9,502 | - | -€9,502 | |
| Remuneration, social security and pensions | 62 | €103,615 | €115,884 | +€12,269 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,636 | €2,969 | -€667 | -18.4% |
| Other operating charges | 640/8 | €8,994 | €9,572 | +€579 | +6.4% |
| Non-recurring operating charges | 66A | €15,092 | - | -€15,092 | |
| Gross operating margin | 9900 | €264,938 | €253,120 | -€11,817 | -4.5% |
| Operating profit (loss) | 9901 | €133,601 | €124,695 | -€8,906 | -6.7% |
| Financial income | 75/76B | €1,054 | €1,550 | +€496 | +47.0% |
| Recurring financial income | 75 | €1,054 | €1,550 | +€496 | +47.0% |
| Financial charges | 65/66B | €21,273 | €17,073 | -€4,200 | -19.7% |
| Recurring financial charges | 65 | €21,273 | €17,073 | -€4,200 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €113,382 | €109,173 | -€4,210 | -3.7% |
| Income taxes | 67/77 | €19,942 | €18,841 | -€1,101 | -5.5% |
| Profit (loss) for the period | 9904 | €93,440 | €90,332 | -€3,109 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €93,440 | €90,332 | -€3,109 | -3.3% |
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 30 October 2026 via checked.be.