BT TOURS: 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 TOURS
NACE 79.110, Travel agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€905,464
2024 · €779,121+€126,343
Equity
€3.5m
2024 · €2.6m+€905,464
Cash
€943,805
2024 · €831,914+€111,891
Balance sheet total
€8.4m
2024 · €9.4m-€1.0m
Largest movements
Assets
- Current investments -€1.5m
down €1.5m (-75.0%), from €2.0m to €500,000
- Receivables within one year +€656,911
up €656,911 (+17.4%), from €3.8m to €4.4m
of which Trade receivables: +€651,196
- Deferred charges and accrued income -€275,588
down €275,588 (-26.9%), from €1.0m to €747,815
- Cash +€111,891
up €111,891 (+13.4%), from €831,914 to €943,805
mainly Current investments (+€1.5m) and Net result for the year (+€905,464)
Equity and liabilities
- Profit (loss) carried forward +€871,472
up €871,472, from -€225,623 to €645,849
- Debts after one year -€752,114
down €752,114 (-99.8%), from €753,708 to €1,594
- Trade debts -€637,191
down €637,191 (-36.3%), from €1.8m to €1.1m
- Current portion of long-term debt -€330,784
down €330,784 (-91.2%), from €362,669 to €31,886
- Accrued charges and deferred income -€207,909
down €207,909 (-6.0%), from €3.4m to €3.2m
Income statement
- Turnover +€2.3m
up €2.3m (+10.2%), from €23.0m to €25.3m
- Goods and materials +€2.1m
up €2.1m (+10.7%), from €19.7m to €21.8m
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
€779,121
Turnover
+€2.3m
Other operating income
+€212,089
Goods and materials
-€2.1m
Services and other goods
+€144,008
Staff costs
-€221,019
Depreciation
-€5,724
Other operating charges
-€62,106
Other operating items
-€151,701
Financial income
+€2,502
Financial charges
+€10,682
Taxes
-€34,290
Result 2025
€905,464
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
-€276,474
Investment
+€1.5m
Financing
-€1.1m
Cash 2024
€831,914
From operations (derived)
-€276,474
Net result for the year
+€905,464
Depreciation
+€25,778
Receivables within one year
-€656,911
Deferred charges and accrued income
+€275,588
Trade debts
-€637,191
Tax, wage and social debts
+€56,778
Advances received
-€38,070
Accrued charges and deferred income
-€207,909
Investment (derived)
+€1.5m
Investment in fixed assets (net)
-€15,266
Current investments
+€1.5m
Financing
-€1.1m
Debts after one year
-€752,114
Current portion of long-term debt
-€330,784
Short-term financial debts
-€13,471
Cash 2025
€943,805
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,408,547 | €8,391,250 | -€1.0m | -10.8% |
| Fixed assets | 21/28 | €1,081,616 | €1,071,104 | -€10,512 | -1.0% |
| Intangible fixed assets | 21 | €20,616 | €13,700 | -€6,916 | -33.5% |
| Tangible fixed assets | 22/27 | €47,413 | €40,424 | -€6,989 | -14.7% |
| Plant, machinery and equipment | 23 | €4,617 | €5,948 | +€1,331 | +28.8% |
| Furniture and vehicles | 24 | €42,796 | €34,477 | -€8,319 | -19.4% |
| Financial fixed assets | 28 | €1,013,587 | €1,016,979 | +€3,393 | +0.3% |
| Affiliated companies | 280/1 | €2,198 | €2,198 | = | 0.0% |
| Amounts receivable | 281 | €2,198 | €2,198 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,011,388 | €1,014,781 | +€3,393 | +0.3% |
| Amounts receivable and cash guarantees | 285/8 | €1,011,388 | €1,014,781 | +€3,393 | +0.3% |
| Current assets | 29/58 | €8,326,931 | €7,320,146 | -€1.0m | -12.1% |
| Amounts receivable after more than one year | 29 | €691,330 | €691,330 | = | 0.0% |
| Other amounts receivable | 291 | €691,330 | €691,330 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,780,284 | €4,437,195 | +€656,911 | +17.4% |
| Trade receivables | 40 | €3,775,499 | €4,426,695 | +€651,196 | +17.2% |
| Other amounts receivable | 41 | €4,785 | €10,500 | +€5,715 | +119% |
| Current investments | 50/53 | €2,000,000 | €500,000 | -€1.5m | -75.0% |
| Other investments | 51/53 | €2,000,000 | €500,000 | -€1.5m | -75.0% |
| Cash at bank and in hand | 54/58 | €831,914 | €943,805 | +€111,891 | +13.4% |
| Deferred charges and accrued income | 490/1 | €1,023,403 | €747,815 | -€275,588 | -26.9% |
| Total equity and liabilities | 10/49 | €9,408,547 | €8,391,250 | -€1.0m | -10.8% |
| Equity | 10/15 | €2,561,221 | €3,466,685 | +€905,464 | +35.4% |
| Contributions | 10/11 | €2,600,000 | €2,600,000 | = | 0.0% |
| Capital | 10 | €2,600,000 | €2,600,000 | = | 0.0% |
| Issued capital | 100 | €2,600,000 | €2,600,000 | = | 0.0% |
| Reserves | 13 | €186,843 | €220,835 | +€33,992 | +18.2% |
| Non-distributable reserves | 130/1 | €103,000 | €136,992 | +€33,992 | +33.0% |
| Legal reserve | 130 | €103,000 | €136,992 | +€33,992 | +33.0% |
| Distributable reserves | 133 | €83,843 | €83,843 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,623 | €645,849 | +€871,472 | |
| Amounts payable | 17/49 | €6,847,326 | €4,924,565 | -€1.9m | -28.1% |
| Amounts payable after more than one year | 17 | €753,708 | €1,594 | -€752,114 | -99.8% |
| Financial debts | 170/4 | €753,708 | €1,594 | -€752,114 | -99.8% |
| Credit institutions | 173 | €7,780 | €1,594 | -€6,186 | -79.5% |
| Other loans | 174 | €745,928 | €0 | -€745,928 | -100% |
| Amounts payable within one year | 42/48 | €2,651,734 | €1,688,997 | -€962,738 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €362,669 | €31,886 | -€330,784 | -91.2% |
| Financial debts | 43 | €13,471 | €0 | -€13,471 | -100% |
| Other loans | 439 | €13,471 | €0 | -€13,471 | -100% |
| Trade debts | 44 | €1,755,198 | €1,118,008 | -€637,191 | -36.3% |
| Suppliers | 440/4 | €1,755,198 | €1,118,008 | -€637,191 | -36.3% |
| Advances received on contracts in progress | 46 | €320,126 | €282,057 | -€38,070 | -11.9% |
| Taxes, remuneration and social security | 45 | €200,269 | €257,046 | +€56,778 | +28.4% |
| Taxes | 450/3 | €19,377 | €42,639 | +€23,262 | +120% |
| Remuneration and social security | 454/9 | €180,891 | €214,407 | +€33,516 | +18.5% |
| Accrued charges and deferred income | 492/3 | €3,441,883 | €3,233,974 | -€207,909 | -6.0% |
| Operating income | 70/76A | €23,392,910 | €25,941,219 | +€2.5m | +10.9% |
| Turnover | 70 | €22,984,520 | €25,320,740 | +€2.3m | +10.2% |
| Other operating income | 74 | €408,390 | €620,479 | +€212,089 | +51.9% |
| Operating charges | 60/66A | €22,559,510 | €24,960,370 | +€2.4m | +10.6% |
| Goods for resale, raw materials and consumables | 60 | €19,672,602 | €21,776,921 | +€2.1m | +10.7% |
| Purchases | 600/8 | €19,672,602 | €21,776,921 | +€2.1m | +10.7% |
| Services and other goods | 61 | €1,782,934 | €1,638,925 | -€144,008 | -8.1% |
| Remuneration, social security and pensions | 62 | €922,982 | €1,144,001 | +€221,019 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,054 | €25,778 | +€5,724 | +28.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €146,882 | €208,988 | +€62,106 | +42.3% |
| Non-recurring operating charges | 66A | €14,056 | €165,757 | +€151,701 | +1,079% |
| Operating profit (loss) | 9901 | €833,400 | €980,849 | +€147,449 | +17.7% |
| Financial income | 75/76B | €43,143 | €45,645 | +€2,502 | +5.8% |
| Recurring financial income | 75 | €43,143 | €45,645 | +€2,502 | +5.8% |
| Income from current assets | 751 | €42,943 | €43,543 | +€601 | +1.4% |
| Other financial income | 752/9 | €200 | €2,101 | +€1,901 | +949% |
| Financial charges | 65/66B | €83,311 | €72,629 | -€10,682 | -12.8% |
| Recurring financial charges | 65 | €83,311 | €72,629 | -€10,682 | -12.8% |
| Debt charges | 650 | €72,342 | €58,316 | -€14,026 | -19.4% |
| Other financial charges | 652/9 | €10,969 | €14,313 | +€3,344 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €793,232 | €953,865 | +€160,632 | +20.3% |
| Income taxes | 67/77 | €14,111 | €48,401 | +€34,290 | +243% |
| Taxes | 670/3 | €14,111 | €61,763 | +€47,652 | +338% |
| Tax adjustments and reversals of tax provisions | 77 | - | €13,362 | +€13,362 | |
| Profit (loss) for the period | 9904 | €779,121 | €905,464 | +€126,343 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €779,121 | €905,464 | +€126,343 | +16.2% |
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 23 October 2026 via checked.be.