BT2B: 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.
BT2B
Largest movements
- Current investments -€28,437
down €28,437 (-85.3%), from €33,356 to €4,919
- Receivables within one year -€16,734
down €16,734 (-61.5%), from €27,213 to €10,479
of which Trade receivables: -€13,639
- Deferred charges and accrued income +€6,344
new in 2025: €6,344
- Tangible fixed assets -€5,505
down €5,505 (-3.2%), from €172,764 to €167,259
- Other debts -€33,108
down €33,108 (-29.1%), from €113,779 to €80,670
- Debts after one year -€14,919
down €14,919 (-27.2%), from €54,757 to €39,838
- Reserves +€4,735
up €4,735 (+9.3%), from €50,913 to €55,648
- Gross operating margin +€7,512
up €7,512 (+20.4%), from €36,874 to €44,385
- Taxes +€1,556
up €1,556 (+22.5%), from €6,905 to €8,461
- Financial charges +€1,231
up €1,231 (+81.2%), from €1,515 to €2,746
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 | €252,121 | €208,743 | -€43,378 | -17.2% |
| Fixed assets | 21/28 | €172,764 | €167,259 | -€5,505 | -3.2% |
| Tangible fixed assets | 22/27 | €172,764 | €167,259 | -€5,505 | -3.2% |
| Land and buildings | 22 | €172,764 | €167,259 | -€5,505 | -3.2% |
| Current assets | 29/58 | €79,357 | €41,484 | -€37,873 | -47.7% |
| Amounts receivable within one year | 40/41 | €27,213 | €10,479 | -€16,734 | -61.5% |
| Trade receivables | 40 | €24,118 | €10,479 | -€13,639 | -56.5% |
| Other amounts receivable | 41 | €3,095 | - | -€3,095 | |
| Current investments | 50/53 | €33,356 | €4,919 | -€28,437 | -85.3% |
| Cash at bank and in hand | 54/58 | €18,788 | €19,741 | +€954 | +5.1% |
| Deferred charges and accrued income | 490/1 | - | €6,344 | +€6,344 | |
| Total equity and liabilities | 10/49 | €252,121 | €208,743 | -€43,378 | -17.2% |
| Equity | 10/15 | €63,313 | €68,048 | +€4,735 | +7.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,913 | €55,648 | +€4,735 | +9.3% |
| Distributable reserves | 133 | €50,913 | €55,648 | +€4,735 | +9.3% |
| Amounts payable | 17/49 | €188,808 | €140,695 | -€48,113 | -25.5% |
| Amounts payable after more than one year | 17 | €54,757 | €39,838 | -€14,919 | -27.2% |
| Financial debts | 170/4 | €54,757 | €39,838 | -€14,919 | -27.2% |
| Amounts payable within one year | 42/48 | €134,052 | €100,857 | -€33,194 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €14,646 | €14,919 | +€272 | +1.9% |
| Trade debts | 44 | €3,603 | €1,729 | -€1,875 | -52.0% |
| Suppliers | 440/4 | €3,603 | €1,729 | -€1,875 | -52.0% |
| Taxes, remuneration and social security | 45 | €2,023 | €3,540 | +€1,516 | +74.9% |
| Taxes | 450/3 | €2,023 | €3,540 | +€1,516 | +74.9% |
| Other amounts payable | 47/48 | €113,779 | €80,670 | -€33,108 | -29.1% |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,283 | €10,336 | +€54 | +0.5% |
| Other operating charges | 640/8 | €1,435 | €1,512 | +€77 | +5.4% |
| Gross operating margin | 9900 | €36,874 | €44,385 | +€7,512 | +20.4% |
| Operating profit (loss) | 9901 | €25,156 | €32,537 | +€7,381 | +29.3% |
| Financial income | 75/76B | €76 | €147 | +€71 | +93.1% |
| Recurring financial income | 75 | €76 | €147 | +€71 | +93.1% |
| Financial charges | 65/66B | €1,515 | €2,746 | +€1,231 | +81.2% |
| Recurring financial charges | 65 | €1,515 | €2,746 | +€1,231 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | €23,717 | €29,938 | +€6,221 | +26.2% |
| Income taxes | 67/77 | €6,905 | €8,461 | +€1,556 | +22.5% |
| Profit (loss) for the period | 9904 | €16,812 | €21,477 | +€4,665 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,812 | €21,477 | +€4,665 | +27.7% |
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 25 October 2026 via checked.be.