BT Consulting: 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 Consulting
Largest movements
- Cash -€47,318
down €47,318 (-99.9%), from €47,352 to €34
mainly Contributions, distributions and other (-€162,602) and Debts after one year (-€119,000)
- Tangible fixed assets -€31,437
down €31,437 (-3.8%), from €830,513 to €799,076
of which Land and buildings: -€29,003
- Receivables within one year +€11,326
up €11,326 (+16.3%), from €69,397 to €80,723
of which Other amounts receivable: +€6,277
- Other debts +€207,074
up €207,074 (+200.4%), from €103,331 to €310,405
- Reserves -€164,462
down €164,462 (-48.8%), from €336,855 to €172,393
of which Distributable reserves: -€162,602
- Debts after one year -€119,000
down €119,000 (-45.2%), from €263,170 to €144,170
of which Financial debts: -€95,000
- Trade debts +€37,683
up €37,683 (+45.7%), from €82,397 to €120,080
- Profit (loss) carried forward -€35,914
new in 2025: -€35,914
- Gross operating margin -€71,181
down €71,181 (-80.1%), from €88,899 to €17,718
- Financial charges -€6,243
down €6,243 (-29.0%), from €21,496 to €15,252
- Taxes -€5,851
down €5,851 (-55.9%), from €10,469 to €4,619
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 | €952,123 | €884,525 | -€67,598 | -7.1% |
| Fixed assets | 21/28 | €830,513 | €799,076 | -€31,437 | -3.8% |
| Tangible fixed assets | 22/27 | €830,513 | €799,076 | -€31,437 | -3.8% |
| Land and buildings | 22 | €816,727 | €787,724 | -€29,003 | -3.6% |
| Plant, machinery and equipment | 23 | €3,263 | €2,538 | -€725 | -22.2% |
| Furniture and vehicles | 24 | €10,009 | €8,557 | -€1,452 | -14.5% |
| Other tangible fixed assets | 26 | €514 | €257 | -€257 | -50.0% |
| Current assets | 29/58 | €121,610 | €85,449 | -€36,161 | -29.7% |
| Amounts receivable within one year | 40/41 | €69,397 | €80,723 | +€11,326 | +16.3% |
| Trade receivables | 40 | €67,506 | €72,554 | +€5,049 | +7.5% |
| Other amounts receivable | 41 | €1,892 | €8,169 | +€6,277 | +331.9% |
| Cash at bank and in hand | 54/58 | €47,352 | €34 | -€47,318 | -99.9% |
| Deferred charges and accrued income | 490/1 | €4,861 | €4,692 | -€169 | -3.5% |
| Total equity and liabilities | 10/49 | €952,123 | €884,525 | -€67,598 | -7.1% |
| Equity | 10/15 | €355,455 | €156,939 | -€198,516 | -55.8% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €336,855 | €172,393 | -€164,462 | -48.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €8,349 | €8,349 | = | 0.0% |
| Distributable reserves | 133 | €326,646 | €164,044 | -€162,602 | -49.8% |
| Profit (loss) carried forward | 14 | - | -€35,914 | -€35,914 | |
| Amounts payable | 17/49 | €596,668 | €727,586 | +€130,918 | +21.9% |
| Amounts payable after more than one year | 17 | €263,170 | €144,170 | -€119,000 | -45.2% |
| Financial debts | 170/4 | €171,170 | €76,170 | -€95,000 | -55.5% |
| Other amounts payable | 178/9 | €92,000 | €68,000 | -€24,000 | -26.1% |
| Amounts payable within one year | 42/48 | €220,522 | €484,783 | +€264,261 | +119.8% |
| Current portion of amounts payable after more than one year | 42 | €10,334 | €10,813 | +€479 | +4.6% |
| Financial debts | 43 | - | €1,746 | +€1,746 | |
| Credit institutions | 430/8 | - | €1,746 | +€1,746 | |
| Trade debts | 44 | €82,397 | €120,080 | +€37,683 | +45.7% |
| Suppliers | 440/4 | €82,397 | €120,080 | +€37,683 | +45.7% |
| Taxes, remuneration and social security | 45 | €24,460 | €41,738 | +€17,278 | +70.6% |
| Taxes | 450/3 | €24,460 | €37,738 | +€13,278 | +54.3% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €103,331 | €310,405 | +€207,074 | +200.4% |
| Accrued charges and deferred income | 492/3 | €112,976 | €98,633 | -€14,342 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,587 | €32,924 | +€337 | +1.0% |
| Other operating charges | 640/8 | €4,494 | €4,712 | +€218 | +4.8% |
| Gross operating margin | 9900 | €88,899 | €17,718 | -€71,181 | -80.1% |
| Operating profit (loss) | 9901 | €51,817 | -€19,918 | -€71,735 | |
| Financial income | 75/76B | €4,721 | €3,875 | -€847 | -17.9% |
| Recurring financial income | 75 | €4,721 | €3,875 | -€847 | -17.9% |
| Financial charges | 65/66B | €21,496 | €15,252 | -€6,243 | -29.0% |
| Recurring financial charges | 65 | €21,496 | €15,252 | -€6,243 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €35,043 | -€31,295 | -€66,338 | |
| Income taxes | 67/77 | €10,469 | €4,619 | -€5,851 | -55.9% |
| Profit (loss) for the period | 9904 | €24,573 | -€35,914 | -€60,488 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,573 | -€35,914 | -€60,488 |
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 1 October 2026 via checked.be.