BTA KOELING: 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 KOELING
Largest movements
- Receivables within one year -€407,518
down €407,518 (-75.9%), from €537,199 to €129,681
of which Trade receivables: -€312,937
- Cash +€403,349
up €403,349 (+506%), from €79,661 to €483,009
mainly Receivables within one year (+€407,518) and Debts after one year (+€159,200)
- Debts after one year +€159,200
up €159,200 (+18.0%), from €883,355 to €1.0m
- Other debts -€129,509
down €129,509 (-100%), from €129,509 to €0
- Trade debts -€114,402
down €114,402 (-57.5%), from €199,089 to €84,687
- Tax, wage and social debts -€87,395
down €87,395 (-86.8%), from €100,712 to €13,317
of which Remuneration and social security: -€73,201
- Current portion of long-term debt +€65,527
up €65,527 (+63.0%), from €104,045 to €169,572
- Staff costs -€750,129
down €750,129, from €708,675 to -€41,454
- Gross operating margin -€744,240
down €744,240 (-76.0%), from €979,168 to €234,928
- Financial income -€124,861
down €124,861 (-99.6%), from €125,378 to €517
of which Non-recurring financial income: -€120,000
- Taxes -€40,650
down €40,650 (-62.6%), from €64,907 to €24,257
- Financial charges +€13,194
up €13,194 (+27.2%), from €48,497 to €61,691
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 | €1,573,268 | €1,579,026 | +€5,758 | +0.4% |
| Fixed assets | 21/28 | €934,252 | €946,513 | +€12,262 | +1.3% |
| Intangible fixed assets | 21 | €866 | €444 | -€422 | -48.7% |
| Tangible fixed assets | 22/27 | €927,146 | €941,119 | +€13,974 | +1.5% |
| Land and buildings | 22 | €690,555 | €764,360 | +€73,805 | +10.7% |
| Plant, machinery and equipment | 23 | €18,684 | €0 | -€18,684 | -100% |
| Furniture and vehicles | 24 | €17,501 | €9,489 | -€8,012 | -45.8% |
| Leasing and similar rights | 25 | €12,218 | €0 | -€12,218 | -100% |
| Other tangible fixed assets | 26 | €188,186 | €167,270 | -€20,916 | -11.1% |
| Financial fixed assets | 28 | €6,240 | €4,950 | -€1,290 | -20.7% |
| Current assets | 29/58 | €639,016 | €632,513 | -€6,503 | -1.0% |
| Amounts receivable after more than one year | 29 | €14,000 | €14,000 | = | 0.0% |
| Trade receivables | 290 | €14,000 | €14,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €537,199 | €129,681 | -€407,518 | -75.9% |
| Trade receivables | 40 | €373,307 | €60,370 | -€312,937 | -83.8% |
| Other amounts receivable | 41 | €163,892 | €69,311 | -€94,581 | -57.7% |
| Cash at bank and in hand | 54/58 | €79,661 | €483,009 | +€403,349 | +506% |
| Deferred charges and accrued income | 490/1 | €8,156 | €5,822 | -€2,334 | -28.6% |
| Total equity and liabilities | 10/49 | €1,573,268 | €1,579,026 | +€5,758 | +0.4% |
| Equity | 10/15 | €156,557 | €218,894 | +€62,337 | +39.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,557 | €208,894 | +€62,337 | +42.5% |
| Amounts payable | 17/49 | €1,416,711 | €1,360,132 | -€56,579 | -4.0% |
| Amounts payable after more than one year | 17 | €883,355 | €1,042,555 | +€159,200 | +18.0% |
| Financial debts | 170/4 | €883,355 | €1,042,555 | +€159,200 | +18.0% |
| Amounts payable within one year | 42/48 | €533,356 | €317,576 | -€215,779 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €104,045 | €169,572 | +€65,527 | +63.0% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €199,089 | €84,687 | -€114,402 | -57.5% |
| Suppliers | 440/4 | €199,089 | €84,687 | -€114,402 | -57.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €100,712 | €13,317 | -€87,395 | -86.8% |
| Taxes | 450/3 | €27,472 | €13,277 | -€14,194 | -51.7% |
| Remuneration and social security | 454/9 | €73,240 | €40 | -€73,201 | -99.9% |
| Other amounts payable | 47/48 | €129,509 | €0 | -€129,509 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €708,675 | -€41,454 | -€750,129 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,223 | €81,788 | -€7,434 | -8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €29,690 | €23,730 | -€5,959 | -20.1% |
| Non-recurring operating charges | 66A | €2,473 | €23,095 | +€20,622 | +834% |
| Gross operating margin | 9900 | €979,168 | €234,928 | -€744,240 | -76.0% |
| Operating profit (loss) | 9901 | €149,108 | €147,768 | -€1,340 | -0.9% |
| Financial income | 75/76B | €125,378 | €517 | -€124,861 | -99.6% |
| Recurring financial income | 75 | €5,378 | €517 | -€4,861 | -90.4% |
| Non-recurring financial income | 76B | €120,000 | €0 | -€120,000 | -100% |
| Financial charges | 65/66B | €48,497 | €61,691 | +€13,194 | +27.2% |
| Recurring financial charges | 65 | €48,497 | €61,691 | +€13,194 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €225,989 | €86,595 | -€139,395 | -61.7% |
| Income taxes | 67/77 | €64,907 | €24,257 | -€40,650 | -62.6% |
| Profit (loss) for the period | 9904 | €161,082 | €62,337 | -€98,745 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €161,082 | €62,337 | -€98,745 | -61.3% |
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 18 October 2026 via checked.be.