BT Electro Solutions: 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 Electro Solutions
Largest movements
- Tangible fixed assets +€39,862
up €39,862 (+5,123%), from €778 to €40,640
of which Furniture and vehicles: +€39,862
- Receivables within one year +€9,678
up €9,678 (+249%), from €3,894 to €13,572
of which Other amounts receivable: +€8,793
- Cash -€9,181
down €9,181 (-19.5%), from €47,164 to €37,983
mainly Investment in fixed assets (net) (-€41,490) and Receivables within one year (-€9,678)
- Reserves +€20,399
up €20,399 (+79.3%), from €25,713 to €46,112
- Debts after one year +€11,928
new in 2025: €11,928
- Tax, wage and social debts +€4,378
up €4,378 (+244%), from €1,793 to €6,171
of which Taxes: +€4,378
- Current portion of long-term debt +€3,764
new in 2025: €3,764
- Trade debts -€1,404
down €1,404 (-51.3%), from €2,737 to €1,333
- Gross operating margin +€17,926
up €17,926 (+158%), from €11,376 to €29,302
- Depreciation -€4,859
down €4,859 (-74.9%), from €6,487 to €1,628
- Taxes +€4,378
up €4,378 (+552%), from €793 to €5,171
- Financial charges +€746
up €746 (+83.0%), from €899 to €1,645
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 | €55,525 | €96,250 | +€40,725 | +73.3% |
| Fixed assets | 21/28 | €778 | €40,640 | +€39,862 | +5,123% |
| Tangible fixed assets | 22/27 | €778 | €40,640 | +€39,862 | +5,123% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €778 | €40,640 | +€39,862 | +5,123% |
| Current assets | 29/58 | €54,747 | €55,610 | +€863 | +1.6% |
| Stocks and contracts in progress | 3 | €2,006 | €1,991 | -€15 | -0.7% |
| Stocks | 30/36 | €2,006 | €1,991 | -€15 | -0.7% |
| Amounts receivable within one year | 40/41 | €3,894 | €13,572 | +€9,678 | +249% |
| Trade receivables | 40 | €3,463 | €4,347 | +€885 | +25.5% |
| Other amounts receivable | 41 | €431 | €9,224 | +€8,793 | +2,042% |
| Cash at bank and in hand | 54/58 | €47,164 | €37,983 | -€9,181 | -19.5% |
| Deferred charges and accrued income | 490/1 | €1,683 | €2,064 | +€381 | +22.6% |
| Total equity and liabilities | 10/49 | €55,525 | €96,250 | +€40,725 | +73.3% |
| Equity | 10/15 | €30,713 | €51,112 | +€20,399 | +66.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,713 | €46,112 | +€20,399 | +79.3% |
| Distributable reserves | 133 | €25,713 | €46,112 | +€20,399 | +79.3% |
| Amounts payable | 17/49 | €24,811 | €45,138 | +€20,326 | +81.9% |
| Amounts payable after more than one year | 17 | - | €11,928 | +€11,928 | |
| Financial debts | 170/4 | - | €11,928 | +€11,928 | |
| Amounts payable within one year | 42/48 | €23,606 | €31,445 | +€7,839 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,764 | +€3,764 | |
| Trade debts | 44 | €2,737 | €1,333 | -€1,404 | -51.3% |
| Suppliers | 440/4 | €2,737 | €1,333 | -€1,404 | -51.3% |
| Taxes, remuneration and social security | 45 | €1,793 | €6,171 | +€4,378 | +244% |
| Taxes | 450/3 | €793 | €5,171 | +€4,378 | +552% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €19,076 | €20,177 | +€1,101 | +5.8% |
| Accrued charges and deferred income | 492/3 | €1,205 | €1,765 | +€560 | +46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,487 | €1,628 | -€4,859 | -74.9% |
| Other operating charges | 640/8 | €656 | €756 | +€100 | +15.2% |
| Gross operating margin | 9900 | €11,376 | €29,302 | +€17,926 | +158% |
| Operating profit (loss) | 9901 | €4,233 | €26,918 | +€22,686 | +536% |
| Financial income | 75/76B | €305 | €296 | -€9 | -2.9% |
| Recurring financial income | 75 | €305 | €296 | -€9 | -2.9% |
| Financial charges | 65/66B | €899 | €1,645 | +€746 | +83.0% |
| Recurring financial charges | 65 | €899 | €1,645 | +€746 | +83.0% |
| Profit (loss) for the period before taxes | 9903 | €3,639 | €25,570 | +€21,931 | +603% |
| Income taxes | 67/77 | €793 | €5,171 | +€4,378 | +552% |
| Profit (loss) for the period | 9904 | €2,845 | €20,399 | +€17,553 | +617% |
| Profit (loss) for the period to be appropriated | 9905 | €2,845 | €20,399 | +€17,553 | +617% |
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 15 October 2026 via checked.be.