BTC: 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.
BTC
Largest movements
- Financial fixed assets -€12,800
down €12,800 (-21.8%), from €58,609 to €45,809
- Debts after one year -€10,496
down €10,496 (-13.2%), from €79,484 to €68,988
- Taxes -€25,066
down €25,066 (-95.5%), from €26,245 to €1,179
- Gross operating margin +€1,551
up €1,551, from -€247 to €1,304
- Other operating charges -€1,448
down €1,448 (-78.9%), from €1,835 to €387
- Financial charges -€632
down €632 (-15.3%), from €4,128 to €3,496
- Purchases and services +€185
new in 2025: €185
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 | €491,702 | €477,449 | -€14,254 | -2.9% |
| Fixed assets | 21/28 | €197,085 | €184,285 | -€12,800 | -6.5% |
| Tangible fixed assets | 22/27 | €138,475 | €138,475 | = | 0.0% |
| Land and buildings | 22 | €120,628 | €120,628 | = | 0.0% |
| Plant, machinery and equipment | 23 | €302 | €302 | = | 0.0% |
| Furniture and vehicles | 24 | €17,546 | €17,546 | = | 0.0% |
| Financial fixed assets | 28 | €58,609 | €45,809 | -€12,800 | -21.8% |
| Current assets | 29/58 | €294,618 | €293,164 | -€1,454 | -0.5% |
| Amounts receivable after more than one year | 29 | €231,873 | €231,873 | = | 0.0% |
| Other amounts receivable | 291 | €231,873 | €231,873 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,251 | €61,251 | = | 0.0% |
| Trade receivables | 40 | €61,103 | €61,103 | = | 0.0% |
| Other amounts receivable | 41 | €148 | €148 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,495 | €41 | -€1,454 | -97.3% |
| Total equity and liabilities | 10/49 | €491,702 | €477,449 | -€14,254 | -2.9% |
| Equity | 10/15 | €412,219 | €408,461 | -€3,758 | -0.9% |
| Contributions | 10/11 | €134,897 | €134,897 | = | 0.0% |
| Reserves | 13 | €212,218 | €212,218 | = | 0.0% |
| Distributable reserves | 133 | €212,218 | €212,218 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,104 | €61,346 | -€3,758 | -5.8% |
| Amounts payable | 17/49 | €79,484 | €68,988 | -€10,496 | -13.2% |
| Amounts payable after more than one year | 17 | €79,484 | €68,988 | -€10,496 | -13.2% |
| Financial debts | 170/4 | €79,484 | €68,988 | -€10,496 | -13.2% |
| Non-recurring operating income | 76A | - | €1,489 | +€1,489 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €185 | +€185 | |
| Other operating charges | 640/8 | €1,835 | €387 | -€1,448 | -78.9% |
| Gross operating margin | 9900 | -€247 | €1,304 | +€1,551 | |
| Operating profit (loss) | 9901 | -€2,082 | €917 | +€2,998 | |
| Financial charges | 65/66B | €4,128 | €3,496 | -€632 | -15.3% |
| Recurring financial charges | 65 | €4,128 | €3,496 | -€632 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,210 | -€2,579 | +€3,630 | +58.5% |
| Income taxes | 67/77 | €26,245 | €1,179 | -€25,066 | -95.5% |
| Profit (loss) for the period | 9904 | -€32,454 | -€3,758 | +€28,696 | +88.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,454 | -€3,758 | +€28,696 | +88.4% |
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 19 October 2026 via checked.be.