BTF SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash -€34,392
down €34,392 (-65.4%), from €52,610 to €18,218
mainly Contributions, distributions and other (-€75,000) and Investment in fixed assets (net) (-€22,000)
- Financial fixed assets +€15,000
up €15,000 (+100.0%), from €15,000 to €30,000
- Receivables within one year -€8,482
down €8,482 (-34.4%), from €24,647 to €16,164
of which Trade receivables: -€8,080
- Tangible fixed assets +€6,217
up €6,217 (+505.6%), from €1,230 to €7,446
- Profit (loss) carried forward -€23,112
down €23,112 (-30.7%), from €75,296 to €52,185
- Tax, wage and social debts +€967
up €967, from €0 to €967
- Gross operating margin -€25,146
down €25,146 (-26.0%), from €96,901 to €71,754
- Financial charges -€1,899
down €1,899 (-93.2%), from €2,038 to €139
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 | €93,486 | €71,876 | -€21,610 | -23.1% |
| Fixed assets | 21/28 | €16,230 | €37,446 | +€21,217 | +130.7% |
| Tangible fixed assets | 22/27 | €1,230 | €7,446 | +€6,217 | +505.6% |
| Furniture and vehicles | 24 | €1,230 | €7,446 | +€6,217 | +505.6% |
| Financial fixed assets | 28 | €15,000 | €30,000 | +€15,000 | +100.0% |
| Current assets | 29/58 | €77,257 | €34,430 | -€42,827 | -55.4% |
| Amounts receivable within one year | 40/41 | €24,647 | €16,164 | -€8,482 | -34.4% |
| Trade receivables | 40 | €18,000 | €9,920 | -€8,080 | -44.9% |
| Other amounts receivable | 41 | €6,647 | €6,244 | -€402 | -6.1% |
| Cash at bank and in hand | 54/58 | €52,610 | €18,218 | -€34,392 | -65.4% |
| Deferred charges and accrued income | 490/1 | - | €47 | +€47 | |
| Total equity and liabilities | 10/49 | €93,486 | €71,876 | -€21,610 | -23.1% |
| Equity | 10/15 | €87,696 | €64,585 | -€23,112 | -26.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,296 | €52,185 | -€23,112 | -30.7% |
| Amounts payable | 17/49 | €5,790 | €7,292 | +€1,501 | +25.9% |
| Amounts payable within one year | 42/48 | €5,790 | €7,292 | +€1,501 | +25.9% |
| Financial debts | 43 | €134 | €484 | +€350 | +261.7% |
| Credit institutions | 430/8 | €134 | €484 | +€350 | +261.7% |
| Trade debts | 44 | €1,055 | €1,390 | +€335 | +31.8% |
| Suppliers | 440/4 | €1,055 | €1,390 | +€335 | +31.8% |
| Taxes, remuneration and social security | 45 | €0 | €967 | +€967 | |
| Taxes | 450/3 | €0 | €967 | +€967 | |
| Other amounts payable | 47/48 | €4,602 | €4,450 | -€152 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270 | €783 | +€513 | +189.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €96,901 | €71,754 | -€25,146 | -26.0% |
| Operating profit (loss) | 9901 | €96,125 | €70,451 | -€25,673 | -26.7% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €2,038 | €139 | -€1,899 | -93.2% |
| Recurring financial charges | 65 | €2,038 | €139 | -€1,899 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €94,091 | €70,312 | -€23,779 | -25.3% |
| Income taxes | 67/77 | €18,795 | €18,423 | -€372 | -2.0% |
| Profit (loss) for the period | 9904 | €75,296 | €51,888 | -€23,408 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,296 | €51,888 | -€23,408 | -31.1% |
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 6 October 2026 via checked.be.