BTH SERVICES: 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.
BTH SERVICES
Largest movements
- Tangible fixed assets -€44,129
down €44,129 (-79.2%), from €55,692 to €11,563
of which Furniture and vehicles: -€43,664
- Cash +€42,806
up €42,806 (+202.2%), from €21,174 to €63,980
mainly Investment in fixed assets (net) (+€76,830) and Net result for the year (+€35,423)
- Financial fixed assets -€39,230
down €39,230 (-49.6%), from €79,089 to €39,859
- Receivables within one year +€7,380
up €7,380 (+21859.5%), from €34 to €7,414
- Deferred charges and accrued income +€5,609
up €5,609 (+240.0%), from €2,337 to €7,946
- Reserves -€43,000
down €43,000 (-54.4%), from €79,000 to €36,000
- Tax, wage and social debts +€17,927
up €17,927 (+80.6%), from €22,242 to €40,169
of which Taxes: +€18,799
- Debts after one year -€11,313
no longer reported in 2025 (was €11,313)
- Profit (loss) carried forward +€7,834
up €7,834 (+1085.8%), from €722 to €8,556
- Current portion of long-term debt -€5,000
down €5,000 (-30.6%), from €16,313 to €11,313
- Depreciation -€13,328
down €13,328 (-67.1%), from €19,857 to €6,529
- Staff costs -€4,317
no longer reported in 2025 (was €4,317)
- Gross operating margin -€3,155
down €3,155 (-5.5%), from €57,800 to €54,645
- Taxes +€2,527
up €2,527 (+30.0%), from €8,436 to €10,963
- Financial income -€1,854
down €1,854 (-70.6%), from €2,624 to €771
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 | €158,326 | €130,762 | -€27,564 | -17.4% |
| Fixed assets | 21/28 | €134,781 | €51,422 | -€83,359 | -61.8% |
| Tangible fixed assets | 22/27 | €55,692 | €11,563 | -€44,129 | -79.2% |
| Furniture and vehicles | 24 | €54,504 | €10,840 | -€43,664 | -80.1% |
| Other tangible fixed assets | 26 | €1,188 | €723 | -€465 | -39.1% |
| Financial fixed assets | 28 | €79,089 | €39,859 | -€39,230 | -49.6% |
| Current assets | 29/58 | €23,545 | €79,340 | +€55,795 | +237.0% |
| Amounts receivable within one year | 40/41 | €34 | €7,414 | +€7,380 | +21859.5% |
| Trade receivables | 40 | €34 | €7,414 | +€7,380 | +21859.5% |
| Cash at bank and in hand | 54/58 | €21,174 | €63,980 | +€42,806 | +202.2% |
| Deferred charges and accrued income | 490/1 | €2,337 | €7,946 | +€5,609 | +240.0% |
| Total equity and liabilities | 10/49 | €158,326 | €130,762 | -€27,564 | -17.4% |
| Equity | 10/15 | €100,182 | €65,016 | -€35,166 | -35.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €79,000 | €36,000 | -€43,000 | -54.4% |
| Distributable reserves | 133 | €79,000 | €36,000 | -€43,000 | -54.4% |
| Profit (loss) carried forward | 14 | €722 | €8,556 | +€7,834 | +1085.8% |
| Amounts payable | 17/49 | €58,145 | €65,746 | +€7,601 | +13.1% |
| Amounts payable after more than one year | 17 | €11,313 | - | -€11,313 | |
| Financial debts | 170/4 | €11,313 | - | -€11,313 | |
| Amounts payable within one year | 42/48 | €46,832 | €65,746 | +€18,914 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €16,313 | €11,313 | -€5,000 | -30.6% |
| Trade debts | 44 | €5,500 | €7,560 | +€2,060 | +37.5% |
| Suppliers | 440/4 | €5,500 | €7,560 | +€2,060 | +37.5% |
| Taxes, remuneration and social security | 45 | €22,242 | €40,169 | +€17,927 | +80.6% |
| Taxes | 450/3 | €21,370 | €40,169 | +€18,799 | +88.0% |
| Remuneration and social security | 454/9 | €872 | - | -€872 | |
| Other amounts payable | 47/48 | €2,777 | €6,704 | +€3,927 | +141.4% |
| Non-recurring operating income | 76A | - | €17,900 | +€17,900 | |
| Remuneration, social security and pensions | 62 | €4,317 | - | -€4,317 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,857 | €6,529 | -€13,328 | -67.1% |
| Other operating charges | 640/8 | - | €1,242 | +€1,242 | |
| Non-recurring operating charges | 66A | - | €162 | +€162 | |
| Gross operating margin | 9900 | €57,800 | €54,645 | -€3,155 | -5.5% |
| Operating profit (loss) | 9901 | €33,626 | €46,712 | +€13,086 | +38.9% |
| Financial income | 75/76B | €2,624 | €771 | -€1,854 | -70.6% |
| Recurring financial income | 75 | €2,624 | €771 | -€1,854 | -70.6% |
| Financial charges | 65/66B | €1,972 | €1,098 | -€874 | -44.3% |
| Recurring financial charges | 65 | €1,972 | €1,098 | -€874 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €34,279 | €46,385 | +€12,106 | +35.3% |
| Income taxes | 67/77 | €8,436 | €10,963 | +€2,527 | +30.0% |
| Profit (loss) for the period | 9904 | €25,843 | €35,423 | +€9,579 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,843 | €35,423 | +€9,579 | +37.1% |
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.