BTEC: 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.
BTEC
Largest movements
- Receivables within one year -€10,526
down €10,526 (-24.8%), from €42,375 to €31,850
of which Other amounts receivable: -€5,450
- Cash -€2,763
down €2,763 (-49.6%), from €5,572 to €2,808
mainly Other debts (-€20,000) and Trade debts (-€701)
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Profit (loss) carried forward +€4,162
up €4,162 (+21.0%), from €19,846 to €24,008
- Tax, wage and social debts +€3,033
up €3,033 (+59.2%), from €5,123 to €8,156
- Trade debts -€701
down €701 (-31.6%), from €2,217 to €1,516
- Gross operating margin -€43,495
down €43,495 (-87.8%), from €49,519 to €6,024
- Taxes -€3,697
down €3,697 (-72.6%), from €5,095 to €1,398
- Staff costs -€3,563
no longer reported in 2025 (was €3,563)
- Other operating charges -€1,047
down €1,047 (-87.0%), from €1,203 to €156
- Financial income -€598
no longer reported in 2025 (was €598)
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 | €49,186 | €35,680 | -€13,506 | -27.5% |
| Fixed assets | 21/28 | €1,239 | €1,023 | -€216 | -17.5% |
| Tangible fixed assets | 22/27 | €933 | €717 | -€216 | -23.2% |
| Plant, machinery and equipment | 23 | €933 | €717 | -€216 | -23.2% |
| Financial fixed assets | 28 | €306 | €306 | = | 0.0% |
| Current assets | 29/58 | €47,947 | €34,658 | -€13,289 | -27.7% |
| Amounts receivable within one year | 40/41 | €42,375 | €31,850 | -€10,526 | -24.8% |
| Trade receivables | 40 | €22,757 | €17,680 | -€5,076 | -22.3% |
| Other amounts receivable | 41 | €19,619 | €14,169 | -€5,450 | -27.8% |
| Cash at bank and in hand | 54/58 | €5,572 | €2,808 | -€2,763 | -49.6% |
| Total equity and liabilities | 10/49 | €49,186 | €35,680 | -€13,506 | -27.5% |
| Equity | 10/15 | €21,846 | €26,008 | +€4,162 | +19.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,846 | €24,008 | +€4,162 | +21.0% |
| Amounts payable | 17/49 | €27,340 | €9,672 | -€17,667 | -64.6% |
| Amounts payable within one year | 42/48 | €27,340 | €9,672 | -€17,667 | -64.6% |
| Trade debts | 44 | €2,217 | €1,516 | -€701 | -31.6% |
| Suppliers | 440/4 | €2,217 | €1,516 | -€701 | -31.6% |
| Taxes, remuneration and social security | 45 | €5,123 | €8,156 | +€3,033 | +59.2% |
| Taxes | 450/3 | €5,123 | €8,156 | +€3,033 | +59.2% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | €3,563 | - | -€3,563 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149 | €216 | +€68 | +45.4% |
| Other operating charges | 640/8 | €1,203 | €156 | -€1,047 | -87.0% |
| Gross operating margin | 9900 | €49,519 | €6,024 | -€43,495 | -87.8% |
| Operating profit (loss) | 9901 | €44,604 | €5,651 | -€38,953 | -87.3% |
| Financial income | 75/76B | €598 | - | -€598 | |
| Recurring financial income | 75 | €598 | - | -€598 | |
| Financial charges | 65/66B | €260 | €91 | -€169 | -64.9% |
| Recurring financial charges | 65 | €260 | €91 | -€169 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €44,941 | €5,560 | -€39,382 | -87.6% |
| Income taxes | 67/77 | €5,095 | €1,398 | -€3,697 | -72.6% |
| Profit (loss) for the period | 9904 | €39,846 | €4,162 | -€35,685 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,846 | €4,162 | -€35,685 | -89.6% |
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 28 September 2026 via checked.be.