BTC RENOV: what changed
BTC RENOV
Largest movements
- Receivables within one year +€28,173
up €28,173 (+265%), from €10,648 to €38,821
of which Trade receivables: +€29,586
- Cash -€21,641
down €21,641 (-73.4%), from €29,470 to €7,829
mainly Receivables within one year (-€28,173) and Tax, wage and social debts (-€1,907)
- Other debts +€7,219
up €7,219 (+37.7%), from €19,135 to €26,353
- Trade debts +€3,340
up €3,340 (+209%), from €1,598 to €4,938
- Tax, wage and social debts -€1,907
down €1,907 (-70.6%), from €2,701 to €794
- Profit (loss) carried forward -€1,345
down €1,345 (-10.2%), from €13,183 to €11,838
- Gross operating margin +€43,986
up €43,986 (+757%), from €5,811 to €49,796
- Financial charges +€3,939
up €3,939 (+908%), from €434 to €4,373
- Other operating charges +€1,155
up €1,155 (+231%), from €499 to €1,655
- Financial income +€896
up €896 (+3,928%), from €23 to €918
- Taxes -€826
down €826 (-76.6%), from €1,078 to €252
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,616 | €48,923 | +€7,307 | +17.6% |
| Fixed assets | 21/28 | - | €434 | +€434 | |
| Tangible fixed assets | 22/27 | - | €434 | +€434 | |
| Furniture and vehicles | 24 | - | €434 | +€434 | |
| Current assets | 29/58 | €41,616 | €48,489 | +€6,873 | +16.5% |
| Amounts receivable within one year | 40/41 | €10,648 | €38,821 | +€28,173 | +265% |
| Trade receivables | 40 | €5,602 | €35,188 | +€29,586 | +528% |
| Other amounts receivable | 41 | €5,046 | €3,634 | -€1,413 | -28.0% |
| Cash at bank and in hand | 54/58 | €29,470 | €7,829 | -€21,641 | -73.4% |
| Deferred charges and accrued income | 490/1 | €1,498 | €1,839 | +€340 | +22.7% |
| Total equity and liabilities | 10/49 | €41,616 | €48,923 | +€7,307 | +17.6% |
| Equity | 10/15 | €18,183 | €16,838 | -€1,345 | -7.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,183 | €11,838 | -€1,345 | -10.2% |
| Amounts payable | 17/49 | €23,433 | €32,085 | +€8,652 | +36.9% |
| Amounts payable within one year | 42/48 | €23,433 | €32,085 | +€8,652 | +36.9% |
| Trade debts | 44 | €1,598 | €4,938 | +€3,340 | +209% |
| Suppliers | 440/4 | €1,598 | €4,938 | +€3,340 | +209% |
| Taxes, remuneration and social security | 45 | €2,701 | €794 | -€1,907 | -70.6% |
| Taxes | 450/3 | €2,701 | €794 | -€1,907 | -70.6% |
| Other amounts payable | 47/48 | €19,135 | €26,353 | +€7,219 | +37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €39 | +€39 | |
| Other operating charges | 640/8 | €499 | €1,655 | +€1,155 | +231% |
| Non-recurring operating charges | 66A | - | €45,741 | +€45,741 | |
| Gross operating margin | 9900 | €5,811 | €49,796 | +€43,986 | +757% |
| Operating profit (loss) | 9901 | €5,311 | €2,362 | -€2,950 | -55.5% |
| Financial income | 75/76B | €23 | €918 | +€896 | +3,928% |
| Recurring financial income | 75 | €23 | €918 | +€896 | +3,928% |
| Financial charges | 65/66B | €434 | €4,373 | +€3,939 | +908% |
| Recurring financial charges | 65 | €434 | €4,373 | +€3,939 | +908% |
| Profit (loss) for the period before taxes | 9903 | €4,900 | -€1,093 | -€5,993 | |
| Income taxes | 67/77 | €1,078 | €252 | -€826 | -76.6% |
| Profit (loss) for the period | 9904 | €3,822 | -€1,345 | -€5,167 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,822 | -€1,345 | -€5,167 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.