BT4DM: what changed
Two fiscal 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.
BT4DM
Largest movements
- Cash +€23,353
up €23,353 (+56.2%), from €41,567 to €64,920
mainly Net result for the year (+€29,184) and Depreciation (+€1,898)
- Receivables within one year +€5,755
up €5,755 (+16.8%), from €34,307 to €40,062
of which Other amounts receivable: +€3,665
- Profit (loss) carried forward +€29,184
up €29,184 (+41.3%), from €70,661 to €99,846
- Trade debts +€1,128
up €1,128 (+1289.1%), from €87 to €1,215
- Gross operating margin -€5,736
down €5,736 (-12.4%), from €46,132 to €40,396
- Taxes -€709
down €709 (-7.8%), from €9,141 to €8,431
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.
Cash bridge derived
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 | €80,401 | €110,551 | +€30,150 | +37.5% |
| Fixed assets | 21/28 | €4,239 | €4,578 | +€339 | +8.0% |
| Tangible fixed assets | 22/27 | €4,239 | €4,578 | +€339 | +8.0% |
| Plant, machinery and equipment | 23 | €1,752 | €1,310 | -€442 | -25.2% |
| Furniture and vehicles | 24 | €2,487 | €3,268 | +€781 | +31.4% |
| Current assets | 29/58 | €76,162 | €105,972 | +€29,811 | +39.1% |
| Amounts receivable within one year | 40/41 | €34,307 | €40,062 | +€5,755 | +16.8% |
| Trade receivables | 40 | €23,200 | €25,290 | +€2,090 | +9.0% |
| Other amounts receivable | 41 | €11,107 | €14,772 | +€3,665 | +33.0% |
| Cash at bank and in hand | 54/58 | €41,567 | €64,920 | +€23,353 | +56.2% |
| Deferred charges and accrued income | 490/1 | €287 | €991 | +€703 | +244.7% |
| Total equity and liabilities | 10/49 | €80,401 | €110,551 | +€30,150 | +37.5% |
| Equity | 10/15 | €73,661 | €102,846 | +€29,184 | +39.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,661 | €99,846 | +€29,184 | +41.3% |
| Amounts payable | 17/49 | €6,740 | €7,705 | +€966 | +14.3% |
| Amounts payable within one year | 42/48 | €6,740 | €7,705 | +€966 | +14.3% |
| Financial debts | 43 | €319 | €157 | -€162 | -50.8% |
| Credit institutions | 430/8 | €319 | €157 | -€162 | -50.8% |
| Trade debts | 44 | €87 | €1,215 | +€1,128 | +1289.1% |
| Suppliers | 440/4 | €87 | €1,215 | +€1,128 | +1289.1% |
| Taxes, remuneration and social security | 45 | €6,333 | €6,333 | = | 0.0% |
| Taxes | 450/3 | €6,333 | €6,333 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,616 | €1,898 | +€282 | +17.4% |
| Other operating charges | 640/8 | €387 | €745 | +€358 | +92.4% |
| Gross operating margin | 9900 | €46,132 | €40,396 | -€5,736 | -12.4% |
| Operating profit (loss) | 9901 | €44,128 | €37,753 | -€6,375 | -14.4% |
| Financial income | 75/76B | €4 | €1 | -€3 | -80.1% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -80.1% |
| Financial charges | 65/66B | €81 | €138 | +€57 | +70.4% |
| Recurring financial charges | 65 | €81 | €138 | +€57 | +70.4% |
| Profit (loss) for the period before taxes | 9903 | €44,051 | €37,616 | -€6,435 | -14.6% |
| Income taxes | 67/77 | €9,141 | €8,431 | -€709 | -7.8% |
| Profit (loss) for the period | 9904 | €34,910 | €29,184 | -€5,726 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,910 | €29,184 | -€5,726 | -16.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.