BT-Transport: 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-Transport
Largest movements
- Tangible fixed assets -€41,062
down €41,062 (-22.7%), from €180,917 to €139,854
of which Leasing and similar rights: -€36,875
- Receivables within one year +€29,593
up €29,593 (+123%), from €24,098 to €53,691
of which Trade receivables: +€29,959
- Cash -€27,025
down €27,025 (-28.7%), from €94,301 to €67,276
mainly Contributions, distributions and other (-€42,715) and Debts after one year (-€35,412)
- Deferred charges and accrued income +€8,638
up €8,638 (+507%), from €1,704 to €10,341
- Debts after one year -€35,412
down €35,412 (-28.9%), from €122,698 to €87,285
- Reserves -€34,025
down €34,025 (-29.1%), from €116,873 to €82,847
- Other debts +€26,605
up €26,605 (+1,025%), from €2,595 to €29,200
- Trade debts +€11,732
up €11,732 (+104%), from €11,251 to €22,983
- Depreciation +€3,026
up €3,026 (+8.0%), from €38,037 to €41,062
- Gross operating margin -€1,631
down €1,631 (-2.6%), from €61,568 to €59,937
- Financial income -€739
down €739 (-78.5%), from €941 to €202
- Financial charges -€663
down €663 (-10.9%), from €6,079 to €5,416
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 | €301,487 | €271,630 | -€29,857 | -9.9% |
| Fixed assets | 21/28 | €181,384 | €140,321 | -€41,062 | -22.6% |
| Tangible fixed assets | 22/27 | €180,917 | €139,854 | -€41,062 | -22.7% |
| Plant, machinery and equipment | 23 | €2,983 | €596 | -€2,387 | -80.0% |
| Furniture and vehicles | 24 | €6,596 | €4,796 | -€1,800 | -27.3% |
| Leasing and similar rights | 25 | €171,338 | €134,462 | -€36,875 | -21.5% |
| Financial fixed assets | 28 | €467 | €467 | = | 0.0% |
| Current assets | 29/58 | €120,103 | €131,309 | +€11,205 | +9.3% |
| Amounts receivable within one year | 40/41 | €24,098 | €53,691 | +€29,593 | +123% |
| Trade receivables | 40 | €22,825 | €52,784 | +€29,959 | +131% |
| Other amounts receivable | 41 | €1,273 | €907 | -€366 | -28.8% |
| Cash at bank and in hand | 54/58 | €94,301 | €67,276 | -€27,025 | -28.7% |
| Deferred charges and accrued income | 490/1 | €1,704 | €10,341 | +€8,638 | +507% |
| Total equity and liabilities | 10/49 | €301,487 | €271,630 | -€29,857 | -9.9% |
| Equity | 10/15 | €119,873 | €85,847 | -€34,025 | -28.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €116,873 | €82,847 | -€34,025 | -29.1% |
| Distributable reserves | 133 | €116,873 | €82,847 | -€34,025 | -29.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €181,614 | €185,782 | +€4,168 | +2.3% |
| Amounts payable after more than one year | 17 | €122,698 | €87,285 | -€35,412 | -28.9% |
| Financial debts | 170/4 | €122,698 | €87,285 | -€35,412 | -28.9% |
| Amounts payable within one year | 42/48 | €58,917 | €98,497 | +€39,580 | +67.2% |
| Current portion of amounts payable after more than one year | 42 | €34,090 | €35,412 | +€1,322 | +3.9% |
| Trade debts | 44 | €11,251 | €22,983 | +€11,732 | +104% |
| Suppliers | 440/4 | €11,251 | €22,983 | +€11,732 | +104% |
| Taxes, remuneration and social security | 45 | €10,980 | €10,901 | -€79 | -0.7% |
| Taxes | 450/3 | €9,480 | €9,401 | -€79 | -0.8% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €2,595 | €29,200 | +€26,605 | +1,025% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,037 | €41,062 | +€3,026 | +8.0% |
| Other operating charges | 640/8 | €931 | €653 | -€278 | -29.8% |
| Gross operating margin | 9900 | €61,568 | €59,937 | -€1,631 | -2.6% |
| Operating profit (loss) | 9901 | €22,600 | €18,222 | -€4,379 | -19.4% |
| Financial income | 75/76B | €941 | €202 | -€739 | -78.5% |
| Recurring financial income | 75 | €941 | €202 | -€739 | -78.5% |
| Financial charges | 65/66B | €6,079 | €5,416 | -€663 | -10.9% |
| Recurring financial charges | 65 | €6,079 | €5,416 | -€663 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €17,462 | €13,008 | -€4,454 | -25.5% |
| Income taxes | 67/77 | €3,952 | €4,318 | +€366 | +9.3% |
| Profit (loss) for the period | 9904 | €13,510 | €8,690 | -€4,820 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,510 | €8,690 | -€4,820 | -35.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.