BTCF IMMO: 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.
BTCF IMMO
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+378.8%), from €381,330 to €1.8m
- Cash +€162,766
up €162,766 (+164.7%), from €98,841 to €261,607
mainly Other debts (+€1.5m) and Trade debts (+€173,234)
- Other debts +€1.5m
up €1.5m (+238.0%), from €623,486 to €2.1m
- Trade debts +€173,234
up €173,234 (+9203.0%), from €1,882 to €175,116
- Profit (loss) carried forward -€50,055
down €50,055 (-25.6%), from -€195,197 to -€245,252
- Financial charges +€44,106
up €44,106 (+101392.3%), from €44 to €44,149
- Gross operating margin +€10,889
up €10,889 (+66.7%), from -€16,333 to -€5,444
- Other operating charges -€1,224
down €1,224 (-72.6%), from €1,685 to €462
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 | €480,171 | €2,087,453 | +€1.6m | +334.7% |
| Fixed assets | 21/28 | €381,330 | €1,825,846 | +€1.4m | +378.8% |
| Tangible fixed assets | 22/27 | €381,330 | €1,825,846 | +€1.4m | +378.8% |
| Land and buildings | 22 | €381,330 | €1,825,846 | +€1.4m | +378.8% |
| Current assets | 29/58 | €98,841 | €261,607 | +€162,766 | +164.7% |
| Cash at bank and in hand | 54/58 | €98,841 | €261,607 | +€162,766 | +164.7% |
| Total equity and liabilities | 10/49 | €480,171 | €2,087,453 | +€1.6m | +334.7% |
| Equity | 10/15 | -€145,197 | -€195,252 | -€50,055 | -34.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€195,197 | -€245,252 | -€50,055 | -25.6% |
| Amounts payable | 17/49 | €625,368 | €2,282,706 | +€1.7m | +265.0% |
| Amounts payable within one year | 42/48 | €625,368 | €2,282,706 | +€1.7m | +265.0% |
| Trade debts | 44 | €1,882 | €175,116 | +€173,234 | +9203.0% |
| Suppliers | 440/4 | €1,882 | €175,116 | +€173,234 | +9203.0% |
| Other amounts payable | 47/48 | €623,486 | €2,107,590 | +€1.5m | +238.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,685 | €462 | -€1,224 | -72.6% |
| Non-recurring operating charges | 66A | €132,921 | €0 | -€132,921 | -100.0% |
| Gross operating margin | 9900 | -€16,333 | -€5,444 | +€10,889 | +66.7% |
| Operating profit (loss) | 9901 | -€150,940 | -€5,906 | +€145,034 | +96.1% |
| Financial charges | 65/66B | €44 | €44,149 | +€44,106 | +101392.3% |
| Recurring financial charges | 65 | €44 | €44,149 | +€44,106 | +101392.3% |
| Profit (loss) for the period before taxes | 9903 | -€150,983 | -€50,055 | +€100,928 | +66.8% |
| Profit (loss) for the period | 9904 | -€150,983 | -€50,055 | +€100,928 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€150,983 | -€50,055 | +€100,928 | +66.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.