BTH Management: 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.
BTH Management
Largest movements
- Cash +€25,158
up €25,158 (+177%), from €14,200 to €39,358
mainly Net result for the year (+€32,554) and Accrued charges and deferred income (+€2,000)
- Receivables within one year +€9,745
up €9,745 (+52.2%), from €18,662 to €28,407
of which Other amounts receivable: +€17,500
- Profit (loss) carried forward +€32,554
up €32,554 (+179%), from €18,154 to €50,708
- Accrued charges and deferred income +€2,000
up €2,000 (+667%), from €300 to €2,300
- Gross operating margin +€20,211
up €20,211 (+88.8%), from €22,749 to €42,960
- Taxes +€3,975
up €3,975 (+87.6%), from €4,539 to €8,513
- Staff costs +€1,760
new in 2025: €1,760
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 | €32,862 | €67,765 | +€34,903 | +106% |
| Current assets | 29/58 | €32,862 | €67,765 | +€34,903 | +106% |
| Amounts receivable within one year | 40/41 | €18,662 | €28,407 | +€9,745 | +52.2% |
| Trade receivables | 40 | €16,940 | €9,185 | -€7,755 | -45.8% |
| Other amounts receivable | 41 | €1,722 | €19,222 | +€17,500 | +1,016% |
| Cash at bank and in hand | 54/58 | €14,200 | €39,358 | +€25,158 | +177% |
| Total equity and liabilities | 10/49 | €32,862 | €67,765 | +€34,903 | +106% |
| Equity | 10/15 | €20,654 | €53,208 | +€32,554 | +158% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,154 | €50,708 | +€32,554 | +179% |
| Amounts payable | 17/49 | €12,208 | €14,557 | +€2,348 | +19.2% |
| Amounts payable within one year | 42/48 | €11,908 | €12,257 | +€348 | +2.9% |
| Trade debts | 44 | €1,148 | €945 | -€203 | -17.7% |
| Suppliers | 440/4 | €1,148 | €945 | -€203 | -17.7% |
| Taxes, remuneration and social security | 45 | €10,761 | €11,312 | +€552 | +5.1% |
| Taxes | 450/3 | €8,761 | €11,312 | +€2,552 | +29.1% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Accrued charges and deferred income | 492/3 | €300 | €2,300 | +€2,000 | +667% |
| Remuneration, social security and pensions | 62 | - | €1,760 | +€1,760 | |
| Gross operating margin | 9900 | €22,749 | €42,960 | +€20,211 | +88.8% |
| Operating profit (loss) | 9901 | €22,749 | €41,200 | +€18,451 | +81.1% |
| Financial charges | 65/66B | €56 | €132 | +€75 | +134% |
| Recurring financial charges | 65 | €56 | €132 | +€75 | +134% |
| Profit (loss) for the period before taxes | 9903 | €22,692 | €41,068 | +€18,375 | +81.0% |
| Income taxes | 67/77 | €4,539 | €8,513 | +€3,975 | +87.6% |
| Profit (loss) for the period | 9904 | €18,154 | €32,554 | +€14,400 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,154 | €32,554 | +€14,400 | +79.3% |
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 14 October 2026 via checked.be.