BTF TRAVEL: 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.
BTF TRAVEL
Largest movements
- Deferred charges and accrued income -€70,928
no longer reported in 2025 (was €70,928)
- Receivables within one year +€55,228
up €55,228 (+485%), from €11,391 to €66,619
of which Trade receivables: +€58,950
- Cash +€11,680
up €11,680 (+248%), from €4,704 to €16,384
mainly Deferred charges and accrued income (+€70,928) and Net result for the year (+€3,564)
- Tangible fixed assets -€1,209
down €1,209 (-27.9%), from €4,337 to €3,129
of which Furniture and vehicles: -€975
- Tax, wage and social debts -€5,043
down €5,043 (-77.8%), from €6,479 to €1,436
- Other debts -€4,026
down €4,026 (-10.1%), from €39,904 to €35,878
- Profit (loss) carried forward +€3,564
up €3,564 (+8.3%), from €42,875 to €46,439
- Purchases and services -€388,814
no longer reported in 2025 (was €388,814)
- Taxes +€3,492
up €3,492, from -€2,056 to €1,436
- Staff costs +€1,750
new in 2025: €1,750
- Financial income +€1,475
up €1,475 (+2,949%), from €50 to €1,525
of which Non-recurring financial income: +€1,495
- Gross operating margin +€634
up €634 (+9.9%), from €6,382 to €7,016
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 | €101,660 | €96,431 | -€5,229 | -5.1% |
| Fixed assets | 21/28 | €14,637 | €13,429 | -€1,209 | -8.3% |
| Tangible fixed assets | 22/27 | €4,337 | €3,129 | -€1,209 | -27.9% |
| Plant, machinery and equipment | 23 | €703 | €468 | -€234 | -33.3% |
| Furniture and vehicles | 24 | €3,635 | €2,660 | -€975 | -26.8% |
| Financial fixed assets | 28 | €10,300 | €10,300 | = | 0.0% |
| Current assets | 29/58 | €87,023 | €83,003 | -€4,020 | -4.6% |
| Amounts receivable within one year | 40/41 | €11,391 | €66,619 | +€55,228 | +485% |
| Trade receivables | 40 | €5,880 | €64,830 | +€58,950 | +1,003% |
| Other amounts receivable | 41 | €5,511 | €1,789 | -€3,722 | -67.5% |
| Cash at bank and in hand | 54/58 | €4,704 | €16,384 | +€11,680 | +248% |
| Deferred charges and accrued income | 490/1 | €70,928 | - | -€70,928 | |
| Total equity and liabilities | 10/49 | €101,660 | €96,431 | -€5,229 | -5.1% |
| Equity | 10/15 | €55,275 | €58,839 | +€3,564 | +6.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,875 | €46,439 | +€3,564 | +8.3% |
| Amounts payable | 17/49 | €46,385 | €37,593 | -€8,793 | -19.0% |
| Amounts payable within one year | 42/48 | €46,385 | €37,593 | -€8,793 | -19.0% |
| Financial debts | 43 | €3 | €12 | +€9 | +343% |
| Credit institutions | 430/8 | €3 | €12 | +€9 | +343% |
| Trade debts | 44 | - | €266 | +€266 | |
| Suppliers | 440/4 | - | €266 | +€266 | |
| Taxes, remuneration and social security | 45 | €6,479 | €1,436 | -€5,043 | -77.8% |
| Taxes | 450/3 | €6,479 | €1,436 | -€5,043 | -77.8% |
| Other amounts payable | 47/48 | €39,904 | €35,878 | -€4,026 | -10.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €388,814 | - | -€388,814 | |
| Remuneration, social security and pensions | 62 | - | €1,750 | +€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,076 | €1,209 | +€133 | +12.4% |
| Other operating charges | 640/8 | €461 | - | -€461 | |
| Gross operating margin | 9900 | €6,382 | €7,016 | +€634 | +9.9% |
| Operating profit (loss) | 9901 | €4,846 | €4,057 | -€789 | -16.3% |
| Financial income | 75/76B | €50 | €1,525 | +€1,475 | +2,949% |
| Recurring financial income | 75 | €50 | €30 | -€20 | -40.0% |
| Non-recurring financial income | 76B | - | €1,495 | +€1,495 | |
| Financial charges | 65/66B | €536 | €581 | +€46 | +8.5% |
| Recurring financial charges | 65 | €536 | €581 | +€46 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €4,360 | €5,000 | +€640 | +14.7% |
| Income taxes | 67/77 | -€2,056 | €1,436 | +€3,492 | |
| Profit (loss) for the period | 9904 | €6,416 | €3,564 | -€2,852 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,416 | €3,564 | -€2,852 | -44.4% |
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 24 October 2026 via checked.be.