BTA Holding: 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.
BTA Holding
Largest movements
- Receivables within one year -€30,253
down €30,253 (-11.4%), from €266,253 to €236,000
of which Trade receivables: -€30,250
- Debts after one year -€160,846
down €160,846 (-8.0%), from €2.0m to €1.8m
- Reserves +€77,558
up €77,558 (+28.0%), from €277,154 to €354,712
- Financial income -€236,000
down €236,000 (-100%), from €236,000 to €0
- Gross operating margin +€92,308
up €92,308 (+107%), from €86,531 to €178,838
- Financial charges +€47,249
up €47,249 (+151%), from €31,222 to €78,472
- Taxes +€9,912
up €9,912 (+93.2%), from €10,637 to €20,549
- Depreciation -€3,130
down €3,130 (-100%), from €3,130 to €0
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 | €2,549,110 | €2,494,588 | -€54,522 | -2.1% |
| Fixed assets | 21/28 | €2,200,000 | €2,200,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,200,000 | €2,200,000 | = | 0.0% |
| Current assets | 29/58 | €349,110 | €294,588 | -€54,522 | -15.6% |
| Amounts receivable within one year | 40/41 | €266,253 | €236,000 | -€30,253 | -11.4% |
| Trade receivables | 40 | €30,250 | €0 | -€30,250 | -100% |
| Other amounts receivable | 41 | €236,003 | €236,000 | -€3 | 0.0% |
| Cash at bank and in hand | 54/58 | €82,248 | €57,980 | -€24,269 | -29.5% |
| Deferred charges and accrued income | 490/1 | €609 | €609 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €2,549,110 | €2,494,588 | -€54,522 | -2.1% |
| Equity | 10/15 | €327,154 | €404,712 | +€77,558 | +23.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €277,154 | €354,712 | +€77,558 | +28.0% |
| Distributable reserves | 133 | €277,154 | €354,712 | +€77,558 | +28.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,221,956 | €2,089,877 | -€132,079 | -5.9% |
| Amounts payable after more than one year | 17 | €2,006,679 | €1,845,833 | -€160,846 | -8.0% |
| Financial debts | 170/4 | €2,006,679 | €1,845,833 | -€160,846 | -8.0% |
| Amounts payable within one year | 42/48 | €195,277 | €204,044 | +€8,767 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €155,309 | €160,846 | +€5,537 | +3.6% |
| Trade debts | 44 | €1,440 | €936 | -€503 | -35.0% |
| Suppliers | 440/4 | €1,440 | €936 | -€503 | -35.0% |
| Taxes, remuneration and social security | 45 | €38,528 | €40,183 | +€1,654 | +4.3% |
| Taxes | 450/3 | €33,185 | €35,176 | +€1,991 | +6.0% |
| Remuneration and social security | 454/9 | €5,343 | €5,006 | -€336 | -6.3% |
| Other amounts payable | 47/48 | - | €2,079 | +€2,079 | |
| Accrued charges and deferred income | 492/3 | €20,000 | €40,000 | +€20,000 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,130 | €0 | -€3,130 | -100% |
| Other operating charges | 640/8 | €387 | €594 | +€207 | +53.4% |
| Gross operating margin | 9900 | €86,531 | €178,838 | +€92,308 | +107% |
| Operating profit (loss) | 9901 | €83,014 | €178,244 | +€95,231 | +115% |
| Financial income | 75/76B | €236,000 | €0 | -€236,000 | -100% |
| Recurring financial income | 75 | €236,000 | €0 | -€236,000 | -100% |
| Financial charges | 65/66B | €31,222 | €78,472 | +€47,249 | +151% |
| Recurring financial charges | 65 | €31,222 | €78,472 | +€47,249 | +151% |
| Profit (loss) for the period before taxes | 9903 | €287,791 | €99,773 | -€188,019 | -65.3% |
| Income taxes | 67/77 | €10,637 | €20,549 | +€9,912 | +93.2% |
| Profit (loss) for the period | 9904 | €277,154 | €79,224 | -€197,930 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €277,154 | €79,224 | -€197,930 | -71.4% |
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 31 October 2026 via checked.be.