BTE: 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.
BTE
Largest movements
- Stocks and contracts -€2,396
down €2,396 (-27.8%), from €8,619 to €6,223
- Cash +€1,474
up €1,474 (+18.0%), from €8,181 to €9,655
mainly Net result for the year (+€5,890) and Stocks and contracts (+€2,396)
- Tangible fixed assets -€1,235
down €1,235 (-50.0%), from €2,470 to €1,235
- Deferred charges and accrued income +€592
up €592 (+90.4%), from €655 to €1,246
- Profit (loss) carried forward +€5,890
up €5,890 (+10.5%), from -€56,065 to -€50,175
- Trade debts -€4,617
down €4,617 (-72.5%), from €6,372 to €1,755
- Tax, wage and social debts -€2,226
down €2,226 (-76.9%), from €2,894 to €668
of which Remuneration and social security: -€1,739
- Other debts -€778
down €778 (-90.7%), from €858 to €80
- Gross operating margin +€4,330
up €4,330 (+19.7%), from €22,021 to €26,351
- Staff costs +€3,839
up €3,839 (+27.3%), from €14,072 to €17,910
- Financial charges -€285
down €285 (-30.0%), from €951 to €666
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 | €20,803 | €19,072 | -€1,731 | -8.3% |
| Fixed assets | 21/28 | €2,470 | €1,235 | -€1,235 | -50.0% |
| Tangible fixed assets | 22/27 | €2,470 | €1,235 | -€1,235 | -50.0% |
| Other tangible fixed assets | 26 | €2,470 | €1,235 | -€1,235 | -50.0% |
| Current assets | 29/58 | €18,333 | €17,837 | -€496 | -2.7% |
| Stocks and contracts in progress | 3 | €8,619 | €6,223 | -€2,396 | -27.8% |
| Stocks | 30/36 | €8,619 | €6,223 | -€2,396 | -27.8% |
| Amounts receivable within one year | 40/41 | €878 | €712 | -€166 | -18.9% |
| Trade receivables | 40 | €99 | €0 | -€99 | -100.0% |
| Other amounts receivable | 41 | €779 | €712 | -€67 | -8.6% |
| Cash at bank and in hand | 54/58 | €8,181 | €9,655 | +€1,474 | +18.0% |
| Deferred charges and accrued income | 490/1 | €655 | €1,246 | +€592 | +90.4% |
| Total equity and liabilities | 10/49 | €20,803 | €19,072 | -€1,731 | -8.3% |
| Equity | 10/15 | €10,678 | €16,568 | +€5,890 | +55.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €48,193 | €48,193 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €48,193 | €48,193 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,065 | -€50,175 | +€5,890 | +10.5% |
| Amounts payable | 17/49 | €10,125 | €2,504 | -€7,621 | -75.3% |
| Amounts payable within one year | 42/48 | €10,125 | €2,504 | -€7,621 | -75.3% |
| Trade debts | 44 | €6,372 | €1,755 | -€4,617 | -72.5% |
| Suppliers | 440/4 | €6,372 | €1,755 | -€4,617 | -72.5% |
| Taxes, remuneration and social security | 45 | €2,894 | €668 | -€2,226 | -76.9% |
| Taxes | 450/3 | €1,155 | €668 | -€487 | -42.1% |
| Remuneration and social security | 454/9 | €1,739 | €0 | -€1,739 | -100.0% |
| Other amounts payable | 47/48 | €858 | €80 | -€778 | -90.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €14,072 | €17,910 | +€3,839 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,235 | €1,235 | = | 0.0% |
| Other operating charges | 640/8 | €763 | €626 | -€138 | -18.0% |
| Gross operating margin | 9900 | €22,021 | €26,351 | +€4,330 | +19.7% |
| Operating profit (loss) | 9901 | €5,951 | €6,580 | +€629 | +10.6% |
| Financial income | 75/76B | €142 | €262 | +€121 | +85.3% |
| Recurring financial income | 75 | €142 | €262 | +€121 | +85.3% |
| Financial charges | 65/66B | €951 | €666 | -€285 | -30.0% |
| Recurring financial charges | 65 | €951 | €666 | -€285 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €5,141 | €6,177 | +€1,035 | +20.1% |
| Income taxes | 67/77 | €266 | €286 | +€21 | +7.7% |
| Profit (loss) for the period | 9904 | €4,875 | €5,890 | +€1,015 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,875 | €5,890 | +€1,015 | +20.8% |
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 5 October 2026 via checked.be.