Btech: 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.
Btech
Largest movements
- Receivables within one year +€24,828
up €24,828 (+137.2%), from €18,102 to €42,930
of which Trade receivables: +€16,358
- Cash +€5,728
up €5,728 (+23.4%), from €24,498 to €30,225
mainly Trade debts (+€21,596) and Net result for the year (+€7,054)
- Tangible fixed assets +€1,532
up €1,532 (+189.1%), from €810 to €2,343
- Trade debts +€21,596
up €21,596 (+789.0%), from €2,737 to €24,333
- Profit (loss) carried forward +€7,054
up €7,054 (+33.9%), from €20,818 to €27,872
- Tax, wage and social debts +€3,453
up €3,453 (+18.4%), from €18,790 to €22,244
of which Taxes: +€3,396
- Gross operating margin -€14,164
down €14,164 (-44.1%), from €32,132 to €17,968
- Taxes -€1,538
down €1,538 (-23.9%), from €6,432 to €4,894
- Other operating charges +€844
up €844 (+50.2%), from €1,680 to €2,524
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 | €43,696 | €75,799 | +€32,103 | +73.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €1,046 | €2,343 | +€1,297 | +124.0% |
| Intangible fixed assets | 21 | €235 | - | -€235 | |
| Tangible fixed assets | 22/27 | €810 | €2,343 | +€1,532 | +189.1% |
| Furniture and vehicles | 24 | €810 | €2,343 | +€1,532 | +189.1% |
| Current assets | 29/58 | €42,650 | €73,456 | +€30,806 | +72.2% |
| Amounts receivable within one year | 40/41 | €18,102 | €42,930 | +€24,828 | +137.2% |
| Trade receivables | 40 | €16,480 | €32,838 | +€16,358 | +99.3% |
| Other amounts receivable | 41 | €1,622 | €10,092 | +€8,471 | +522.3% |
| Cash at bank and in hand | 54/58 | €24,498 | €30,225 | +€5,728 | +23.4% |
| Deferred charges and accrued income | 490/1 | €51 | €301 | +€250 | +493.8% |
| Total equity and liabilities | 10/49 | €43,696 | €75,799 | +€32,103 | +73.5% |
| Equity | 10/15 | €22,168 | €29,222 | +€7,054 | +31.8% |
| Contributions | 10/11 | €1,350 | €1,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,818 | €27,872 | +€7,054 | +33.9% |
| Amounts payable | 17/49 | €21,527 | €46,576 | +€25,049 | +116.4% |
| Amounts payable within one year | 42/48 | €21,527 | €46,576 | +€25,049 | +116.4% |
| Trade debts | 44 | €2,737 | €24,333 | +€21,596 | +789.0% |
| Suppliers | 440/4 | €2,737 | €24,333 | +€21,596 | +789.0% |
| Taxes, remuneration and social security | 45 | €18,790 | €22,244 | +€3,453 | +18.4% |
| Taxes | 450/3 | €18,790 | €22,186 | +€3,396 | +18.1% |
| Remuneration and social security | 454/9 | - | €58 | +€58 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €828 | €971 | +€143 | +17.3% |
| Other operating charges | 640/8 | €1,680 | €2,524 | +€844 | +50.2% |
| Non-recurring operating charges | 66A | - | €126 | +€126 | |
| Gross operating margin | 9900 | €32,132 | €17,968 | -€14,164 | -44.1% |
| Operating profit (loss) | 9901 | €29,624 | €14,347 | -€15,277 | -51.6% |
| Financial income | 75/76B | €0 | €12 | +€12 | +124200.0% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +124200.0% |
| Financial charges | 65/66B | €2,374 | €2,412 | +€38 | +1.6% |
| Recurring financial charges | 65 | €2,374 | €2,412 | +€38 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €27,250 | €11,948 | -€15,302 | -56.2% |
| Income taxes | 67/77 | €6,432 | €4,894 | -€1,538 | -23.9% |
| Profit (loss) for the period | 9904 | €20,818 | €7,054 | -€13,765 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,818 | €7,054 | -€13,765 | -66.1% |
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 9 October 2026 via checked.be.