BTACC: 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.
BTACC
Largest movements
- Tangible fixed assets +€373,617
up €373,617 (+97.6%), from €382,789 to €756,407
of which Land and buildings: +€277,256
- Cash -€67,943
down €67,943 (-79.4%), from €85,533 to €17,590
mainly Investment in fixed assets (net) (-€454,650) and Debts after one year (-€89,676)
- Receivables within one year -€38,818
down €38,818 (-14.7%), from €264,258 to €225,439
of which Trade receivables: -€69,058
- Short-term financial debts +€388,544
up €388,544 (+1979.9%), from €19,625 to €408,168
- Debts after one year -€89,676
down €89,676 (-25.5%), from €351,679 to €262,004
- Trade debts -€24,857
down €24,857 (-55.9%), from €44,481 to €19,624
- Depreciation +€53,209
up €53,209 (+191.2%), from €27,823 to €81,032
- Write-downs +€32,037
new in 2025: €32,037
- Staff costs +€26,939
up €26,939 (+44.7%), from €60,249 to €87,188
- Taxes -€24,585
down €24,585 (-93.4%), from €26,312 to €1,726
- Gross operating margin +€14,559
up €14,559 (+6.9%), from €209,908 to €224,467
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 | €792,150 | €1,058,970 | +€266,821 | +33.7% |
| Fixed assets | 21/28 | €413,989 | €787,607 | +€373,617 | +90.2% |
| Tangible fixed assets | 22/27 | €382,789 | €756,407 | +€373,617 | +97.6% |
| Land and buildings | 22 | €315,975 | €593,230 | +€277,256 | +87.7% |
| Plant, machinery and equipment | 23 | €28,730 | €134,041 | +€105,311 | +366.6% |
| Furniture and vehicles | 24 | €38,085 | €29,135 | -€8,950 | -23.5% |
| Financial fixed assets | 28 | €31,200 | €31,200 | = | 0.0% |
| Current assets | 29/58 | €378,160 | €271,363 | -€106,797 | -28.2% |
| Amounts receivable within one year | 40/41 | €264,258 | €225,439 | -€38,818 | -14.7% |
| Trade receivables | 40 | €197,554 | €128,495 | -€69,058 | -35.0% |
| Other amounts receivable | 41 | €66,704 | €96,944 | +€30,240 | +45.3% |
| Cash at bank and in hand | 54/58 | €85,533 | €17,590 | -€67,943 | -79.4% |
| Deferred charges and accrued income | 490/1 | €28,370 | €28,335 | -€35 | -0.1% |
| Total equity and liabilities | 10/49 | €792,150 | €1,058,970 | +€266,821 | +33.7% |
| Equity | 10/15 | €241,218 | €237,628 | -€3,590 | -1.5% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €189,520 | €189,520 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €189,520 | €189,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,698 | €48,108 | -€3,590 | -6.9% |
| Amounts payable | 17/49 | €550,932 | €821,343 | +€270,411 | +49.1% |
| Amounts payable after more than one year | 17 | €351,679 | €262,004 | -€89,676 | -25.5% |
| Financial debts | 170/4 | €351,679 | €262,004 | -€89,676 | -25.5% |
| Amounts payable within one year | 42/48 | €195,154 | €555,240 | +€360,086 | +184.5% |
| Current portion of amounts payable after more than one year | 42 | €72,031 | €62,820 | -€9,211 | -12.8% |
| Financial debts | 43 | €19,625 | €408,168 | +€388,544 | +1979.9% |
| Credit institutions | 430/8 | €19,625 | €408,168 | +€388,544 | +1979.9% |
| Trade debts | 44 | €44,481 | €19,624 | -€24,857 | -55.9% |
| Suppliers | 440/4 | €44,481 | €19,624 | -€24,857 | -55.9% |
| Advances received on contracts in progress | 46 | €2,000 | €2,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €30,813 | €32,712 | +€1,899 | +6.2% |
| Taxes | 450/3 | €27,155 | €24,140 | -€3,015 | -11.1% |
| Remuneration and social security | 454/9 | €3,658 | €8,572 | +€4,915 | +134.4% |
| Other amounts payable | 47/48 | €26,204 | €29,916 | +€3,712 | +14.2% |
| Accrued charges and deferred income | 492/3 | €4,099 | €4,099 | = | 0.0% |
| Non-recurring operating income | 76A | €38,375 | €0 | -€38,375 | -100.0% |
| Remuneration, social security and pensions | 62 | €60,249 | €87,188 | +€26,939 | +44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,823 | €81,032 | +€53,209 | +191.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €32,037 | +€32,037 | |
| Other operating charges | 640/8 | €1,912 | €1,819 | -€93 | -4.9% |
| Gross operating margin | 9900 | €209,908 | €224,467 | +€14,559 | +6.9% |
| Operating profit (loss) | 9901 | €119,924 | €22,391 | -€97,533 | -81.3% |
| Financial income | 75/76B | €4 | €830 | +€825 | +18795.9% |
| Recurring financial income | 75 | €4 | €830 | +€825 | +18795.9% |
| Financial charges | 65/66B | €12,641 | €25,084 | +€12,443 | +98.4% |
| Recurring financial charges | 65 | €12,641 | €25,084 | +€12,443 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €107,288 | -€1,864 | -€109,152 | |
| Income taxes | 67/77 | €26,312 | €1,726 | -€24,585 | -93.4% |
| Profit (loss) for the period | 9904 | €80,976 | -€3,590 | -€84,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €80,976 | -€3,590 | -€84,567 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.