BT DEVELOPPEMENT: 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.
What changed
BT DEVELOPPEMENT
NACE 73.300, Public relations and communication consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€161,687
2024 · €46,590-€208,277
Equity
-€1.5m
2024 · -€1.3m-€161,687
Cash
€234,093
2024 · €221,173+€12,920
Balance sheet total
€8.6m
2024 · €9.2m-€588,344
Largest movements
Assets
- Receivables within one year -€401,240
down €401,240 (-68.9%), from €582,604 to €181,363
of which Trade receivables: -€402,009
- Receivables after one year -€199,700
down €199,700 (-100%), from €199,700 to €0
Equity and liabilities
- Debts after one year -€348,354
down €348,354 (-3.4%), from €10.3m to €9.9m
- Profit (loss) carried forward -€161,687
down €161,687 (-4.0%), from -€4.0m to -€4.2m
Income statement
- Financial income -€330,146
down €330,146 (-100.0%), from €330,146 to €0
- Financial charges -€129,913
down €129,913 (-39.2%), from €331,538 to €201,625
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.
Result 2024
€46,590
Staff costs
-€89,440
Other operating charges
-€312
Other operating items
+€81,781
Financial income
-€330,146
Financial charges
+€129,913
Taxes
-€73
Result 2025
-€161,687
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€361,274
Investment
€0
Financing
-€348,354
Cash 2024
€221,173
From operations (derived)
+€361,274
Net result for the year
-€161,687
Receivables after one year
+€199,700
Receivables within one year
+€401,240
Smaller working-capital items
+€323
Trade debts
-€71,772
Tax, wage and social debts
-€6,530
Financing
-€348,354
Debts after one year
-€348,354
Cash 2025
€234,093
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,178,364 | €8,590,020 | -€588,344 | -6.4% |
| Fixed assets | 21/28 | €8,173,964 | €8,173,964 | = | 0.0% |
| Financial fixed assets | 28 | €8,173,964 | €8,173,964 | = | 0.0% |
| Affiliated companies | 280/1 | €8,173,964 | €8,173,964 | = | 0.0% |
| Participating interests | 280 | €8,173,964 | €8,173,964 | = | 0.0% |
| Current assets | 29/58 | €1,004,400 | €416,056 | -€588,344 | -58.6% |
| Amounts receivable after more than one year | 29 | €199,700 | €0 | -€199,700 | -100% |
| Other amounts receivable | 291 | €199,700 | €0 | -€199,700 | -100% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €582,604 | €181,363 | -€401,240 | -68.9% |
| Trade receivables | 40 | €580,050 | €178,041 | -€402,009 | -69.3% |
| Other amounts receivable | 41 | €2,554 | €3,322 | +€769 | +30.1% |
| Cash at bank and in hand | 54/58 | €221,173 | €234,093 | +€12,920 | +5.8% |
| Deferred charges and accrued income | 490/1 | €923 | €600 | -€323 | -35.0% |
| Total equity and liabilities | 10/49 | €9,178,364 | €8,590,020 | -€588,344 | -6.4% |
| Equity | 10/15 | -€1,309,636 | -€1,471,323 | -€161,687 | -12.3% |
| Contributions | 10/11 | €2,706,000 | €2,706,000 | = | 0.0% |
| Capital | 10 | €2,706,000 | €2,706,000 | = | 0.0% |
| Issued capital | 100 | €2,706,000 | €2,706,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,015,636 | -€4,177,323 | -€161,687 | -4.0% |
| Amounts payable | 17/49 | €10,488,000 | €10,061,343 | -€426,657 | -4.1% |
| Amounts payable after more than one year | 17 | €10,254,576 | €9,906,221 | -€348,354 | -3.4% |
| Financial debts | 170/4 | €10,254,576 | €9,906,221 | -€348,354 | -3.4% |
| Other loans | 174 | €10,254,576 | €9,906,221 | -€348,354 | -3.4% |
| Amounts payable within one year | 42/48 | €233,182 | €154,879 | -€78,302 | -33.6% |
| Trade debts | 44 | €102,193 | €30,420 | -€71,772 | -70.2% |
| Suppliers | 440/4 | €102,193 | €30,420 | -€71,772 | -70.2% |
| Taxes, remuneration and social security | 45 | €130,989 | €124,459 | -€6,530 | -5.0% |
| Taxes | 450/3 | €32,091 | €7,493 | -€24,599 | -76.7% |
| Remuneration and social security | 454/9 | €98,897 | €116,966 | +€18,069 | +18.3% |
| Accrued charges and deferred income | 492/3 | €243 | €243 | +€0 | 0.0% |
| Operating income | 70/76A | €717,152 | €798,353 | +€81,201 | +11.3% |
| Other operating income | 74 | €717,152 | €798,353 | +€81,201 | +11.3% |
| Operating charges | 60/66A | €669,073 | €758,246 | +€89,172 | +13.3% |
| Services and other goods | 61 | €156,834 | €156,254 | -€580 | -0.4% |
| Remuneration, social security and pensions | 62 | €511,279 | €600,720 | +€89,440 | +17.5% |
| Other operating charges | 640/8 | €960 | €1,273 | +€312 | +32.5% |
| Operating profit (loss) | 9901 | €48,079 | €40,107 | -€7,972 | -16.6% |
| Financial income | 75/76B | €330,146 | €0 | -€330,146 | -100.0% |
| Recurring financial income | 75 | €330,146 | €0 | -€330,146 | -100.0% |
| Income from financial fixed assets | 750 | €330,146 | €0 | -€330,146 | -100% |
| Other financial income | 752/9 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €331,538 | €201,625 | -€129,913 | -39.2% |
| Recurring financial charges | 65 | €331,538 | €201,625 | -€129,913 | -39.2% |
| Debt charges | 650 | €330,171 | €200,364 | -€129,808 | -39.3% |
| Other financial charges | 652/9 | €1,367 | €1,261 | -€106 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €46,686 | -€161,518 | -€208,204 | |
| Income taxes | 67/77 | €96 | €169 | +€73 | +75.7% |
| Taxes | 670/3 | €96 | €169 | +€73 | +75.7% |
| Profit (loss) for the period | 9904 | €46,590 | -€161,687 | -€208,277 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,590 | -€161,687 | -€208,277 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.