BTF Mesures: 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.
BTF Mesures
Largest movements
- Receivables within one year +€135,469
up €135,469 (+76.7%), from €176,685 to €312,154
of which Trade receivables: +€153,738
- Cash -€34,841
down €34,841 (-61.3%), from €56,872 to €22,031
mainly Receivables within one year (-€135,469) and Contributions, distributions and other (-€28,000)
- Tangible fixed assets +€10,925
up €10,925 (+690.8%), from €1,581 to €12,506
of which Furniture and vehicles: +€6,019
- Trade debts +€80,420
up €80,420 (+106.4%), from €75,615 to €156,035
- Tax, wage and social debts +€21,353
up €21,353 (+257.3%), from €8,299 to €29,653
- Debts after one year +€8,494
new in 2025: €8,494
- Gross operating margin -€2,048
down €2,048 (-5.7%), from €35,718 to €33,670
- Depreciation +€1,642
up €1,642 (+470.1%), from €349 to €1,992
- Taxes -€541
down €541 (-33.5%), from €1,615 to €1,074
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 | €272,272 | €385,921 | +€113,649 | +41.7% |
| Fixed assets | 21/28 | €1,581 | €12,506 | +€10,925 | +690.8% |
| Tangible fixed assets | 22/27 | €1,581 | €12,506 | +€10,925 | +690.8% |
| Plant, machinery and equipment | 23 | €285 | €5,191 | +€4,906 | +1722.4% |
| Furniture and vehicles | 24 | €1,297 | €7,315 | +€6,019 | +464.2% |
| Current assets | 29/58 | €270,691 | €373,415 | +€102,724 | +37.9% |
| Stocks and contracts in progress | 3 | €37,134 | €38,915 | +€1,782 | +4.8% |
| Stocks | 30/36 | €37,134 | €38,915 | +€1,782 | +4.8% |
| Amounts receivable within one year | 40/41 | €176,685 | €312,154 | +€135,469 | +76.7% |
| Trade receivables | 40 | €23,430 | €177,167 | +€153,738 | +656.2% |
| Other amounts receivable | 41 | €153,255 | €134,987 | -€18,269 | -11.9% |
| Cash at bank and in hand | 54/58 | €56,872 | €22,031 | -€34,841 | -61.3% |
| Deferred charges and accrued income | 490/1 | - | €315 | +€315 | |
| Total equity and liabilities | 10/49 | €272,272 | €385,921 | +€113,649 | +41.7% |
| Equity | 10/15 | €156,966 | €159,275 | +€2,308 | +1.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €131,966 | €134,275 | +€2,308 | +1.7% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €125,966 | €128,275 | +€2,308 | +1.8% |
| Amounts payable | 17/49 | €115,306 | €226,646 | +€111,340 | +96.6% |
| Amounts payable after more than one year | 17 | - | €8,494 | +€8,494 | |
| Financial debts | 170/4 | - | €8,494 | +€8,494 | |
| Amounts payable within one year | 42/48 | €115,306 | €218,152 | +€102,846 | +89.2% |
| Current portion of amounts payable after more than one year | 42 | - | €2,996 | +€2,996 | |
| Trade debts | 44 | €75,615 | €156,035 | +€80,420 | +106.4% |
| Suppliers | 440/4 | €75,615 | €156,035 | +€80,420 | +106.4% |
| Taxes, remuneration and social security | 45 | €8,299 | €29,653 | +€21,353 | +257.3% |
| Taxes | 450/3 | €8,299 | €29,653 | +€21,353 | +257.3% |
| Other amounts payable | 47/48 | €31,391 | €29,468 | -€1,923 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €349 | €1,992 | +€1,642 | +470.1% |
| Gross operating margin | 9900 | €35,718 | €33,670 | -€2,048 | -5.7% |
| Operating profit (loss) | 9901 | €35,369 | €31,678 | -€3,691 | -10.4% |
| Financial income | 75/76B | €0 | €245 | +€245 | +2447000.0% |
| Recurring financial income | 75 | €0 | €245 | +€245 | +2447000.0% |
| Financial charges | 65/66B | €315 | €540 | +€225 | +71.5% |
| Recurring financial charges | 65 | €315 | €540 | +€225 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €35,054 | €31,383 | -€3,671 | -10.5% |
| Income taxes | 67/77 | €1,615 | €1,074 | -€541 | -33.5% |
| Profit (loss) for the period | 9904 | €33,439 | €30,308 | -€3,130 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,439 | €30,308 | -€3,130 | -9.4% |
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 3 October 2026 via checked.be.