BTACK: 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.
BTACK
Largest movements
- Receivables within one year -€26,958
down €26,958 (-54.6%), from €49,392 to €22,434
of which Other amounts receivable: -€31,517
- Cash +€23,278
up €23,278 (+3,609%), from €645 to €23,923
mainly Other debts (+€44,688) and Receivables within one year (+€26,958)
- Tangible fixed assets -€6,744
down €6,744 (-46.9%), from €14,376 to €7,631
- Reserves -€55,000
down €55,000 (-100%), from €55,000 to €0
- Other debts +€44,688
up €44,688 (+2,023%), from €2,209 to €46,897
- Trade debts +€887
up €887 (+71.4%), from €1,242 to €2,130
- Gross operating margin +€8,633
up €8,633 (+24.5%), from €35,296 to €43,929
- Depreciation +€4,440
up €4,440 (+115%), from €3,857 to €8,296
- Taxes +€1,538
up €1,538 (+22.1%), from €6,956 to €8,494
- Other operating charges +€1,276
up €1,276 (+315%), from €405 to €1,681
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 | €65,860 | €55,657 | -€10,203 | -15.5% |
| Fixed assets | 21/28 | €14,926 | €8,460 | -€6,466 | -43.3% |
| Tangible fixed assets | 22/27 | €14,376 | €7,631 | -€6,744 | -46.9% |
| Furniture and vehicles | 24 | €14,376 | €7,631 | -€6,744 | -46.9% |
| Financial fixed assets | 28 | €550 | €828 | +€278 | +50.6% |
| Current assets | 29/58 | €50,934 | €47,197 | -€3,737 | -7.3% |
| Amounts receivable within one year | 40/41 | €49,392 | €22,434 | -€26,958 | -54.6% |
| Trade receivables | 40 | €13,038 | €17,597 | +€4,559 | +35.0% |
| Other amounts receivable | 41 | €36,354 | €4,837 | -€31,517 | -86.7% |
| Cash at bank and in hand | 54/58 | €645 | €23,923 | +€23,278 | +3,609% |
| Deferred charges and accrued income | 490/1 | €897 | €840 | -€57 | -6.4% |
| Total equity and liabilities | 10/49 | €65,860 | €55,657 | -€10,203 | -15.5% |
| Equity | 10/15 | €55,659 | €250 | -€55,409 | -99.6% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €55,000 | €0 | -€55,000 | -100% |
| Distributable reserves | 133 | €55,000 | €0 | -€55,000 | -100% |
| Profit (loss) carried forward | 14 | €409 | €0 | -€409 | -100% |
| Amounts payable | 17/49 | €10,201 | €55,407 | +€45,206 | +443% |
| Amounts payable within one year | 42/48 | €10,106 | €55,310 | +€45,204 | +447% |
| Trade debts | 44 | €1,242 | €2,130 | +€887 | +71.4% |
| Suppliers | 440/4 | €1,242 | €2,130 | +€887 | +71.4% |
| Taxes, remuneration and social security | 45 | €6,654 | €6,283 | -€372 | -5.6% |
| Taxes | 450/3 | €6,654 | €6,283 | -€372 | -5.6% |
| Other amounts payable | 47/48 | €2,209 | €46,897 | +€44,688 | +2,023% |
| Accrued charges and deferred income | 492/3 | €95 | €97 | +€2 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,857 | €8,296 | +€4,440 | +115% |
| Other operating charges | 640/8 | €405 | €1,681 | +€1,276 | +315% |
| Gross operating margin | 9900 | €35,296 | €43,929 | +€8,633 | +24.5% |
| Operating profit (loss) | 9901 | €31,034 | €33,952 | +€2,918 | +9.4% |
| Financial income | 75/76B | €125 | €45 | -€81 | -64.4% |
| Recurring financial income | 75 | €125 | €45 | -€81 | -64.4% |
| Financial charges | 65/66B | €174 | €43 | -€130 | -75.0% |
| Recurring financial charges | 65 | €174 | €43 | -€130 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €30,986 | €33,953 | +€2,967 | +9.6% |
| Income taxes | 67/77 | €6,956 | €8,494 | +€1,538 | +22.1% |
| Profit (loss) for the period | 9904 | €24,029 | €25,459 | +€1,430 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,029 | €25,459 | +€1,430 | +5.9% |
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 16 October 2026 via checked.be.