BT 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 Solutions
Largest movements
- Financial fixed assets +€596,755
up €596,755 (+18,390%), from €3,245 to €600,000
- Receivables within one year +€290,024
up €290,024 (+89.2%), from €324,963 to €614,987
of which Other amounts receivable: +€202,235
- Tangible fixed assets +€145,017
up €145,017 (+29.9%), from €484,997 to €630,014
of which Plant, machinery and equipment: +€216,988
- Cash -€62,723
down €62,723 (-31.3%), from €200,397 to €137,674
mainly Investment in fixed assets (net) (-€908,528) and Receivables within one year (-€290,024)
- Debts after one year +€486,790
up €486,790 (+245%), from €198,522 to €685,312
- Reserves +€245,108
up €245,108 (+67.6%), from €362,533 to €607,641
of which Distributable reserves: +€245,108
- Trade debts +€184,426
up €184,426 (+68.6%), from €268,829 to €453,255
- Short-term financial debts +€60,000
up €60,000 (+240%), from €25,000 to €85,000
- Current portion of long-term debt +€35,523
up €35,523 (+47.1%), from €75,386 to €110,909
- Gross operating margin +€287,317
up €287,317 (+79.0%), from €363,607 to €650,924
- Taxes +€49,952
up €49,952 (+196%), from €25,451 to €75,403
- Staff costs +€34,970
up €34,970 (+38.7%), from €90,262 to €125,232
- Depreciation +€34,688
up €34,688 (+26.3%), from €132,067 to €166,755
- Financial charges +€9,861
up €9,861 (+40.8%), from €24,145 to €34,007
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 | €1,017,744 | €1,988,166 | +€970,422 | +95.4% |
| Fixed assets | 21/28 | €488,242 | €1,230,014 | +€741,772 | +152% |
| Tangible fixed assets | 22/27 | €484,997 | €630,014 | +€145,017 | +29.9% |
| Land and buildings | 22 | - | €12,309 | +€12,309 | |
| Plant, machinery and equipment | 23 | €152,124 | €369,112 | +€216,988 | +143% |
| Furniture and vehicles | 24 | €80,993 | €50,462 | -€30,531 | -37.7% |
| Leasing and similar rights | 25 | €251,879 | €184,721 | -€67,158 | -26.7% |
| Assets under construction and advance payments | 27 | - | €13,409 | +€13,409 | |
| Financial fixed assets | 28 | €3,245 | €600,000 | +€596,755 | +18,390% |
| Current assets | 29/58 | €529,503 | €758,152 | +€228,650 | +43.2% |
| Amounts receivable within one year | 40/41 | €324,963 | €614,987 | +€290,024 | +89.2% |
| Trade receivables | 40 | €323,675 | €411,464 | +€87,789 | +27.1% |
| Other amounts receivable | 41 | €1,288 | €203,523 | +€202,235 | +15,700% |
| Cash at bank and in hand | 54/58 | €200,397 | €137,674 | -€62,723 | -31.3% |
| Deferred charges and accrued income | 490/1 | €4,142 | €5,490 | +€1,348 | +32.5% |
| Total equity and liabilities | 10/49 | €1,017,744 | €1,988,166 | +€970,422 | +95.4% |
| Equity | 10/15 | €381,133 | €626,241 | +€245,108 | +64.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €362,533 | €607,641 | +€245,108 | +67.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €360,673 | €605,781 | +€245,108 | +68.0% |
| Amounts payable | 17/49 | €636,611 | €1,361,925 | +€725,314 | +114% |
| Amounts payable after more than one year | 17 | €198,522 | €685,312 | +€486,790 | +245% |
| Financial debts | 170/4 | €198,522 | €685,312 | +€486,790 | +245% |
| Amounts payable within one year | 42/48 | €436,088 | €672,678 | +€236,590 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €75,386 | €110,909 | +€35,523 | +47.1% |
| Financial debts | 43 | €25,000 | €85,000 | +€60,000 | +240% |
| Credit institutions | 430/8 | €25,000 | €85,000 | +€60,000 | +240% |
| Trade debts | 44 | €268,829 | €453,255 | +€184,426 | +68.6% |
| Suppliers | 440/4 | €268,829 | €453,255 | +€184,426 | +68.6% |
| Taxes, remuneration and social security | 45 | €41,737 | €16,180 | -€25,557 | -61.2% |
| Taxes | 450/3 | €25,637 | - | -€25,637 | |
| Remuneration and social security | 454/9 | €16,100 | €16,180 | +€80 | +0.5% |
| Other amounts payable | 47/48 | €25,137 | €7,335 | -€17,802 | -70.8% |
| Accrued charges and deferred income | 492/3 | €2,000 | €3,935 | +€1,935 | +96.7% |
| Remuneration, social security and pensions | 62 | €90,262 | €125,232 | +€34,970 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,067 | €166,755 | +€34,688 | +26.3% |
| Other operating charges | 640/8 | €4,226 | €4,466 | +€240 | +5.7% |
| Gross operating margin | 9900 | €363,607 | €650,924 | +€287,317 | +79.0% |
| Operating profit (loss) | 9901 | €137,051 | €354,470 | +€217,419 | +159% |
| Financial income | 75/76B | €0 | €47 | +€47 | +13,400% |
| Recurring financial income | 75 | €0 | €47 | +€47 | +13,400% |
| Financial charges | 65/66B | €24,145 | €34,007 | +€9,861 | +40.8% |
| Recurring financial charges | 65 | €24,145 | €34,007 | +€9,861 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €112,906 | €320,511 | +€207,604 | +184% |
| Income taxes | 67/77 | €25,451 | €75,403 | +€49,952 | +196% |
| Profit (loss) for the period | 9904 | €87,455 | €245,108 | +€157,653 | +180% |
| Profit (loss) for the period to be appropriated | 9905 | €87,455 | €245,108 | +€157,653 | +180% |
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 21 October 2026 via checked.be.