BT&V Consulting: 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&V Consulting
Largest movements
- Stocks and contracts +€58,044
up €58,044 (+198%), from €29,260 to €87,305
- Tangible fixed assets +€20,425
new in 2025: €20,425
- Receivables within one year +€16,125
up €16,125 (+247%), from €6,516 to €22,641
- Cash -€11,450
down €11,450 (-82.1%), from €13,938 to €2,488
mainly Stocks and contracts (-€58,044) and Investment in fixed assets (net) (-€27,582)
- Intangible fixed assets +€6,020
new in 2025: €6,020
- Other debts +€78,989
up €78,989 (+173%), from €45,566 to €124,555
- Trade debts +€12,697
up €12,697 (+1,740%), from €730 to €13,427
- Profit (loss) carried forward -€2,586
down €2,586 (-100%), from -€2,582 to -€5,167
- Gross operating margin +€1,373
up €1,373 (+62.6%), from -€2,194 to -€821
- Depreciation +€1,138
new in 2025: €1,138
- Other operating charges +€132
up €132 (+34.2%), from €387 to €520
- Taxes +€64
new in 2025: €64
- Financial charges +€44
new in 2025: €44
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 | €49,714 | €138,878 | +€89,164 | +179% |
| Fixed assets | 21/28 | - | €26,445 | +€26,445 | |
| Intangible fixed assets | 21 | - | €6,020 | +€6,020 | |
| Tangible fixed assets | 22/27 | - | €20,425 | +€20,425 | |
| Furniture and vehicles | 24 | - | €20,425 | +€20,425 | |
| Current assets | 29/58 | €49,714 | €112,434 | +€62,720 | +126% |
| Stocks and contracts in progress | 3 | €29,260 | €87,305 | +€58,044 | +198% |
| Stocks | 30/36 | €29,260 | €87,305 | +€58,044 | +198% |
| Amounts receivable within one year | 40/41 | €6,516 | €22,641 | +€16,125 | +247% |
| Other amounts receivable | 41 | €6,516 | €22,641 | +€16,125 | +247% |
| Cash at bank and in hand | 54/58 | €13,938 | €2,488 | -€11,450 | -82.1% |
| Total equity and liabilities | 10/49 | €49,714 | €138,878 | +€89,164 | +179% |
| Equity | 10/15 | €3,418 | €833 | -€2,586 | -75.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,582 | -€5,167 | -€2,586 | -100% |
| Amounts payable | 17/49 | €46,296 | €138,046 | +€91,750 | +198% |
| Amounts payable within one year | 42/48 | €46,296 | €138,046 | +€91,750 | +198% |
| Trade debts | 44 | €730 | €13,427 | +€12,697 | +1,740% |
| Suppliers | 440/4 | €730 | €13,427 | +€12,697 | +1,740% |
| Taxes, remuneration and social security | 45 | - | €64 | +€64 | |
| Taxes | 450/3 | - | €64 | +€64 | |
| Other amounts payable | 47/48 | €45,566 | €124,555 | +€78,989 | +173% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,138 | +€1,138 | |
| Other operating charges | 640/8 | €387 | €520 | +€132 | +34.2% |
| Gross operating margin | 9900 | -€2,194 | -€821 | +€1,373 | +62.6% |
| Operating profit (loss) | 9901 | -€2,582 | -€2,479 | +€103 | +4.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €44 | +€44 | |
| Recurring financial charges | 65 | - | €44 | +€44 | |
| Profit (loss) for the period before taxes | 9903 | -€2,582 | -€2,522 | +€60 | +2.3% |
| Income taxes | 67/77 | - | €64 | +€64 | |
| Profit (loss) for the period | 9904 | -€2,582 | -€2,586 | -€4 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,582 | -€2,586 | -€4 | -0.2% |
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 13 October 2026 via checked.be.