BT COSMETICS: 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 COSMETICS
Largest movements
- Cash +€216,978
up €216,978 (+248%), from €87,637 to €304,615
mainly Net result for the year (+€229,897) and Current investments (+€198,959)
- Current investments -€198,959
down €198,959 (-94.5%), from €210,500 to €11,541
- Receivables within one year +€36,983
up €36,983 (+10.1%), from €365,224 to €402,207
of which Trade receivables: +€96,083
- Intangible fixed assets -€30,000
down €30,000 (-33.2%), from €90,493 to €60,493
- Receivables after one year +€10,109
up €10,109 (+92.7%), from €10,899 to €21,008
- Profit (loss) carried forward +€229,897
up €229,897 (+44.3%), from €519,377 to €749,274
- Trade debts -€225,100
no longer reported in 2025 (was €225,100)
- Tax, wage and social debts +€41,456
up €41,456 (+330%), from €12,552 to €54,008
of which Taxes: +€36,981
- Debts after one year -€14,905
down €14,905 (-16.6%), from €89,668 to €74,763
- Gross operating margin +€91,924
up €91,924 (+37.7%), from €243,941 to €335,865
- Taxes +€30,648
up €30,648 (+106%), from €29,002 to €59,650
- Staff costs +€17,224
up €17,224, from -€11,011 to €6,213
- Other operating charges -€5,248
down €5,248 (-87.0%), from €6,034 to €786
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 | €979,076 | €1,008,438 | +€29,362 | +3.0% |
| Fixed assets | 21/28 | €296,468 | €265,614 | -€30,854 | -10.4% |
| Intangible fixed assets | 21 | €90,493 | €60,493 | -€30,000 | -33.2% |
| Tangible fixed assets | 22/27 | €205,975 | €205,121 | -€854 | -0.4% |
| Land and buildings | 22 | €195,951 | €189,803 | -€6,148 | -3.1% |
| Plant, machinery and equipment | 23 | €7,611 | €7,611 | = | 0.0% |
| Furniture and vehicles | 24 | €2,413 | €7,707 | +€5,294 | +219% |
| Current assets | 29/58 | €682,608 | €742,824 | +€60,216 | +8.8% |
| Amounts receivable after more than one year | 29 | €10,899 | €21,008 | +€10,109 | +92.7% |
| Other amounts receivable | 291 | €10,899 | €21,008 | +€10,109 | +92.7% |
| Stocks and contracts in progress | 3 | €3,707 | €3,452 | -€255 | -6.9% |
| Stocks | 30/36 | €3,707 | €3,452 | -€255 | -6.9% |
| Amounts receivable within one year | 40/41 | €365,224 | €402,207 | +€36,983 | +10.1% |
| Trade receivables | 40 | €53,212 | €149,294 | +€96,083 | +181% |
| Other amounts receivable | 41 | €312,012 | €252,913 | -€59,100 | -18.9% |
| Current investments | 50/53 | €210,500 | €11,541 | -€198,959 | -94.5% |
| Cash at bank and in hand | 54/58 | €87,637 | €304,615 | +€216,978 | +248% |
| Deferred charges and accrued income | 490/1 | €4,641 | - | -€4,641 | |
| Total equity and liabilities | 10/49 | €979,076 | €1,008,438 | +€29,362 | +3.0% |
| Equity | 10/15 | €626,229 | €856,126 | +€229,897 | +36.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €98,792 | €98,792 | = | 0.0% |
| Tax-exempt reserves | 132 | €98,792 | €98,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | €519,377 | €749,274 | +€229,897 | +44.3% |
| Amounts payable | 17/49 | €352,847 | €152,312 | -€200,535 | -56.8% |
| Amounts payable after more than one year | 17 | €89,668 | €74,763 | -€14,905 | -16.6% |
| Financial debts | 170/4 | €89,668 | €74,763 | -€14,905 | -16.6% |
| Amounts payable within one year | 42/48 | €263,180 | €74,936 | -€188,244 | -71.5% |
| Current portion of amounts payable after more than one year | 42 | €25,528 | €20,928 | -€4,600 | -18.0% |
| Trade debts | 44 | €225,100 | - | -€225,100 | |
| Suppliers | 440/4 | €225,100 | - | -€225,100 | |
| Taxes, remuneration and social security | 45 | €12,552 | €54,008 | +€41,456 | +330% |
| Taxes | 450/3 | €12,552 | €49,533 | +€36,981 | +295% |
| Remuneration and social security | 454/9 | - | €4,475 | +€4,475 | |
| Accrued charges and deferred income | 492/3 | - | €2,613 | +€2,613 | |
| Remuneration, social security and pensions | 62 | -€11,011 | €6,213 | +€17,224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,801 | €36,704 | +€903 | +2.5% |
| Other operating charges | 640/8 | €6,034 | €786 | -€5,248 | -87.0% |
| Gross operating margin | 9900 | €243,941 | €335,865 | +€91,924 | +37.7% |
| Operating profit (loss) | 9901 | €213,117 | €292,162 | +€79,045 | +37.1% |
| Financial income | 75/76B | €446 | €1,143 | +€696 | +156% |
| Recurring financial income | 75 | €446 | €1,143 | +€696 | +156% |
| Financial charges | 65/66B | €2,335 | €3,757 | +€1,423 | +60.9% |
| Recurring financial charges | 65 | €2,335 | €3,757 | +€1,423 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | €211,228 | €289,547 | +€78,319 | +37.1% |
| Income taxes | 67/77 | €29,002 | €59,650 | +€30,648 | +106% |
| Profit (loss) for the period | 9904 | €182,226 | €229,897 | +€47,671 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €182,226 | €229,897 | +€47,671 | +26.2% |
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 20 October 2026 via checked.be.