BTCI: 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.
BTCI
Largest movements
- Cash -€92,113
down €92,113 (-58.8%), from €156,707 to €64,594
mainly Net result for the year (-€89,973) and Debts after one year (-€52,793)
- Tangible fixed assets -€64,211
down €64,211 (-20.3%), from €315,729 to €251,518
- Reserves -€89,973
down €89,973 (-42.7%), from €210,928 to €120,955
of which Distributable reserves: -€89,973
- Debts after one year -€52,793
down €52,793 (-53.3%), from €98,965 to €46,172
- Investment grants -€8,856
down €8,856 (-20.4%), from €43,391 to €34,535
- Trade debts -€5,370
down €5,370 (-91.3%), from €5,884 to €514
- Gross operating margin +€24,037
up €24,037 (+69.8%), from -€34,454 to -€10,417
- Financial charges -€3,593
down €3,593 (-33.7%), from €10,650 to €7,058
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 | €478,506 | €324,389 | -€154,117 | -32.2% |
| Fixed assets | 21/28 | €315,999 | €251,788 | -€64,211 | -20.3% |
| Tangible fixed assets | 22/27 | €315,729 | €251,518 | -€64,211 | -20.3% |
| Land and buildings | 22 | €315,729 | €251,518 | -€64,211 | -20.3% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €162,507 | €72,602 | -€89,905 | -55.3% |
| Amounts receivable within one year | 40/41 | €5,687 | €7,769 | +€2,082 | +36.6% |
| Other amounts receivable | 41 | €5,687 | €7,769 | +€2,082 | +36.6% |
| Cash at bank and in hand | 54/58 | €156,707 | €64,594 | -€92,113 | -58.8% |
| Deferred charges and accrued income | 490/1 | €113 | €239 | +€126 | +112.3% |
| Total equity and liabilities | 10/49 | €478,506 | €324,389 | -€154,117 | -32.2% |
| Equity | 10/15 | €316,319 | €217,490 | -€98,829 | -31.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €210,928 | €120,955 | -€89,973 | -42.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €204,728 | €114,755 | -€89,973 | -43.9% |
| Investment grants | 15 | €43,391 | €34,535 | -€8,856 | -20.4% |
| Amounts payable | 17/49 | €162,187 | €106,900 | -€55,288 | -34.1% |
| Amounts payable after more than one year | 17 | €98,965 | €46,172 | -€52,793 | -53.3% |
| Financial debts | 170/4 | €98,965 | €46,172 | -€52,793 | -53.3% |
| Amounts payable within one year | 42/48 | €56,286 | €53,626 | -€2,659 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €50,083 | €52,793 | +€2,711 | +5.4% |
| Trade debts | 44 | €5,884 | €514 | -€5,370 | -91.3% |
| Suppliers | 440/4 | €5,884 | €514 | -€5,370 | -91.3% |
| Other amounts payable | 47/48 | €319 | €319 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,937 | €7,101 | +€165 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,211 | €64,211 | = | 0.0% |
| Other operating charges | 640/8 | €17,265 | €17,143 | -€122 | -0.7% |
| Non-recurring operating charges | 66A | €4,772 | - | -€4,772 | |
| Gross operating margin | 9900 | -€34,454 | -€10,417 | +€24,037 | +69.8% |
| Operating profit (loss) | 9901 | -€120,703 | -€91,771 | +€28,931 | +24.0% |
| Financial income | 75/76B | €8,861 | €8,856 | -€5 | -0.1% |
| Recurring financial income | 75 | €8,861 | €8,856 | -€5 | -0.1% |
| Financial charges | 65/66B | €10,650 | €7,058 | -€3,593 | -33.7% |
| Recurring financial charges | 65 | €10,650 | €7,058 | -€3,593 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | -€122,492 | -€89,973 | +€32,520 | +26.5% |
| Profit (loss) for the period | 9904 | -€122,492 | -€89,973 | +€32,520 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€122,492 | -€89,973 | +€32,520 | +26.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.