BTA CONSTRUCT: 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.
BTA CONSTRUCT
Largest movements
- Cash +€51,849
up €51,849 (+134.4%), from €38,569 to €90,418
mainly Net result for the year (+€54,862) and Other debts (+€4,471)
- Receivables within one year +€7,716
up €7,716 (+24.4%), from €31,656 to €39,372
of which Other amounts receivable: +€7,716
- Profit (loss) carried forward +€54,862
up €54,862 (+24.5%), from -€224,379 to -€169,517
- Other debts +€4,471
up €4,471 (+29.8%), from €14,978 to €19,449
- Debts after one year +€3,609
up €3,609 (+3.4%), from €105,289 to €108,899
- Tax, wage and social debts -€2,337
down €2,337 (-51.9%), from €4,504 to €2,166
of which Remuneration and social security: -€2,200
- Gross operating margin +€31,957
up €31,957 (+114.0%), from €28,022 to €59,979
- Financial charges -€10,978
down €10,978 (-72.6%), from €15,118 to €4,140
of which Non-recurring financial charges: -€10,000
- Write-downs -€3,640
no longer reported in 2025 (was €3,640)
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 | €72,065 | €132,605 | +€60,540 | +84.0% |
| Fixed assets | 21/28 | €1,700 | €1,959 | +€259 | +15.2% |
| Tangible fixed assets | 22/27 | €1,700 | €1,959 | +€259 | +15.2% |
| Plant, machinery and equipment | 23 | €1,700 | €1,959 | +€259 | +15.2% |
| Current assets | 29/58 | €70,364 | €130,646 | +€60,282 | +85.7% |
| Amounts receivable within one year | 40/41 | €31,656 | €39,372 | +€7,716 | +24.4% |
| Trade receivables | 40 | €31,633 | €31,633 | = | 0.0% |
| Other amounts receivable | 41 | €23 | €7,739 | +€7,716 | +33886.4% |
| Cash at bank and in hand | 54/58 | €38,569 | €90,418 | +€51,849 | +134.4% |
| Deferred charges and accrued income | 490/1 | €140 | €856 | +€717 | +513.3% |
| Total equity and liabilities | 10/49 | €72,065 | €132,605 | +€60,540 | +84.0% |
| Equity | 10/15 | -€56,179 | -€1,317 | +€54,862 | +97.7% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€224,379 | -€169,517 | +€54,862 | +24.5% |
| Amounts payable | 17/49 | €128,243 | €133,922 | +€5,679 | +4.4% |
| Amounts payable after more than one year | 17 | €105,289 | €108,899 | +€3,609 | +3.4% |
| Other amounts payable | 178/9 | €105,289 | €108,899 | +€3,609 | +3.4% |
| Amounts payable within one year | 42/48 | €22,954 | €25,023 | +€2,069 | +9.0% |
| Trade debts | 44 | €3,472 | €3,408 | -€64 | -1.8% |
| Suppliers | 440/4 | €3,472 | €3,408 | -€64 | -1.8% |
| Taxes, remuneration and social security | 45 | €4,504 | €2,166 | -€2,337 | -51.9% |
| Taxes | 450/3 | €2,304 | €2,166 | -€137 | -6.0% |
| Remuneration and social security | 454/9 | €2,200 | - | -€2,200 | |
| Other amounts payable | 47/48 | €14,978 | €19,449 | +€4,471 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €430 | €506 | +€76 | +17.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,640 | - | -€3,640 | |
| Other operating charges | 640/8 | €216 | €294 | +€79 | +36.5% |
| Gross operating margin | 9900 | €28,022 | €59,979 | +€31,957 | +114.0% |
| Operating profit (loss) | 9901 | €23,737 | €59,179 | +€35,442 | +149.3% |
| Financial charges | 65/66B | €15,118 | €4,140 | -€10,978 | -72.6% |
| Recurring financial charges | 65 | €5,118 | €4,140 | -€978 | -19.1% |
| Non-recurring financial charges | 66B | €10,000 | - | -€10,000 | |
| Profit (loss) for the period before taxes | 9903 | €8,619 | €55,039 | +€46,420 | +538.6% |
| Income taxes | 67/77 | €205 | €177 | -€29 | -14.0% |
| Profit (loss) for the period | 9904 | €8,413 | €54,862 | +€46,449 | +552.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,413 | €54,862 | +€46,449 | +552.1% |
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 4 October 2026 via checked.be.