BTE GROUP: 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.
BTE GROUP
Largest movements
- Cash +€5,551
up €5,551 (+2,087%), from €266 to €5,817
mainly Trade debts (+€9,023) and Receivables within one year (+€1,012)
- Tangible fixed assets +€1,574
new in 2025: €1,574
- Receivables within one year -€1,012
down €1,012 (-7.6%), from €13,280 to €12,269
of which Other amounts receivable: -€2,156
- Formation expenses -€958
down €958 (-52.2%), from €1,834 to €876
- Deferred charges and accrued income +€947
new in 2025: €947
- Trade debts +€9,023
up €9,023 (+875%), from €1,032 to €10,054
- Profit (loss) carried forward -€3,004
down €3,004 (-31.7%), from €9,473 to €6,469
- Gross operating margin -€13,494
down €13,494, from €11,756 to -€1,738
- Taxes -€2,375
no longer reported in 2025 (was €2,375)
- Financial income -€718
no longer reported in 2025 (was €718)
- Depreciation +€328
up €328 (+159%), from €207 to €535
- Other operating charges +€272
up €272 (+70.2%), from €387 to €659
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 | €15,380 | €21,482 | +€6,103 | +39.7% |
| Formation expenses | 20 | €1,834 | €876 | -€958 | -52.2% |
| Fixed assets | 21/28 | - | €1,574 | +€1,574 | |
| Tangible fixed assets | 22/27 | - | €1,574 | +€1,574 | |
| Furniture and vehicles | 24 | - | €1,574 | +€1,574 | |
| Current assets | 29/58 | €13,546 | €19,032 | +€5,486 | +40.5% |
| Amounts receivable within one year | 40/41 | €13,280 | €12,269 | -€1,012 | -7.6% |
| Trade receivables | 40 | €791 | €1,935 | +€1,144 | +145% |
| Other amounts receivable | 41 | €12,489 | €10,333 | -€2,156 | -17.3% |
| Cash at bank and in hand | 54/58 | €266 | €5,817 | +€5,551 | +2,087% |
| Deferred charges and accrued income | 490/1 | - | €947 | +€947 | |
| Total equity and liabilities | 10/49 | €15,380 | €21,482 | +€6,103 | +39.7% |
| Equity | 10/15 | €11,973 | €8,969 | -€3,004 | -25.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,473 | €6,469 | -€3,004 | -31.7% |
| Amounts payable | 17/49 | €3,407 | €12,513 | +€9,106 | +267% |
| Amounts payable within one year | 42/48 | €3,407 | €12,430 | +€9,023 | +265% |
| Trade debts | 44 | €1,032 | €10,054 | +€9,023 | +875% |
| Suppliers | 440/4 | €1,032 | €10,054 | +€9,023 | +875% |
| Taxes, remuneration and social security | 45 | €2,375 | €2,375 | = | 0.0% |
| Taxes | 450/3 | €2,375 | €2,375 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €83 | +€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207 | €535 | +€328 | +159% |
| Other operating charges | 640/8 | €387 | €659 | +€272 | +70.2% |
| Gross operating margin | 9900 | €11,756 | -€1,738 | -€13,494 | |
| Operating profit (loss) | 9901 | €11,162 | -€2,932 | -€14,094 | |
| Financial income | 75/76B | €718 | - | -€718 | |
| Recurring financial income | 75 | €718 | - | -€718 | |
| Financial charges | 65/66B | €31 | €72 | +€41 | +130% |
| Recurring financial charges | 65 | €31 | €72 | +€41 | +130% |
| Profit (loss) for the period before taxes | 9903 | €11,848 | -€3,004 | -€14,852 | |
| Income taxes | 67/77 | €2,375 | - | -€2,375 | |
| Profit (loss) for the period | 9904 | €9,473 | -€3,004 | -€12,477 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,473 | -€3,004 | -€12,477 |
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 14 October 2026 via checked.be.