BTH-Services: 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-Services
Largest movements
- Cash +€76,202
up €76,202 (+22,831%), from €334 to €76,536
mainly Other debts (+€39,040) and Net result for the year (+€22,219)
- Tangible fixed assets -€19,037
down €19,037 (-74.5%), from €25,550 to €6,513
of which Furniture and vehicles: -€18,734
- Reserves +€74,689
up €74,689 (+698%), from €10,700 to €85,389
- Profit (loss) carried forward -€52,471
no longer reported in 2025 (was €52,471)
- Other debts +€39,040
up €39,040 (+203%), from €19,245 to €58,285
- Trade debts +€6,712
up €6,712 (+366%), from €1,836 to €8,548
- Debts after one year -€5,142
down €5,142 (-17.9%), from €28,711 to €23,569
- Depreciation -€11,218
down €11,218 (-79.6%), from €14,100 to €2,883
- Gross operating margin -€10,872
down €10,872 (-22.2%), from €48,902 to €38,030
- Financial income +€2,270
up €2,270 (+4,540,940%), from €0 to €2,271
- Other operating charges +€2,267
up €2,267 (+280%), from €811 to €3,078
- Financial charges -€1,547
down €1,547 (-38.6%), from €4,003 to €2,456
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 | €145,099 | €204,319 | +€59,220 | +40.8% |
| Fixed assets | 21/28 | €25,550 | €6,513 | -€19,037 | -74.5% |
| Tangible fixed assets | 22/27 | €25,550 | €6,513 | -€19,037 | -74.5% |
| Plant, machinery and equipment | 23 | €704 | €401 | -€303 | -43.0% |
| Furniture and vehicles | 24 | €24,846 | €6,112 | -€18,734 | -75.4% |
| Current assets | 29/58 | €119,548 | €197,806 | +€78,257 | +65.5% |
| Amounts receivable within one year | 40/41 | €119,215 | €121,122 | +€1,907 | +1.6% |
| Trade receivables | 40 | €48,963 | €48,636 | -€327 | -0.7% |
| Other amounts receivable | 41 | €70,251 | €72,486 | +€2,235 | +3.2% |
| Cash at bank and in hand | 54/58 | €334 | €76,536 | +€76,202 | +22,831% |
| Deferred charges and accrued income | 490/1 | - | €148 | +€148 | |
| Total equity and liabilities | 10/49 | €145,099 | €204,319 | +€59,220 | +40.8% |
| Equity | 10/15 | €65,871 | €88,089 | +€22,219 | +33.7% |
| Contributions | 10/11 | €2,700 | €2,700 | = | 0.0% |
| Reserves | 13 | €10,700 | €85,389 | +€74,689 | +698% |
| Distributable reserves | 133 | €10,700 | €85,389 | +€74,689 | +698% |
| Profit (loss) carried forward | 14 | €52,471 | - | -€52,471 | |
| Amounts payable | 17/49 | €79,228 | €116,230 | +€37,002 | +46.7% |
| Amounts payable after more than one year | 17 | €28,711 | €23,569 | -€5,142 | -17.9% |
| Financial debts | 170/4 | €28,711 | €23,569 | -€5,142 | -17.9% |
| Amounts payable within one year | 42/48 | €50,517 | €92,661 | +€42,144 | +83.4% |
| Current portion of amounts payable after more than one year | 42 | €4,829 | €5,142 | +€313 | +6.5% |
| Trade debts | 44 | €1,836 | €8,548 | +€6,712 | +366% |
| Suppliers | 440/4 | €1,836 | €8,548 | +€6,712 | +366% |
| Taxes, remuneration and social security | 45 | €24,607 | €20,685 | -€3,921 | -15.9% |
| Taxes | 450/3 | €23,120 | €20,685 | -€2,435 | -10.5% |
| Remuneration and social security | 454/9 | €1,487 | - | -€1,487 | |
| Other amounts payable | 47/48 | €19,245 | €58,285 | +€39,040 | +203% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,100 | €2,883 | -€11,218 | -79.6% |
| Other operating charges | 640/8 | €811 | €3,078 | +€2,267 | +280% |
| Gross operating margin | 9900 | €48,902 | €38,030 | -€10,872 | -22.2% |
| Operating profit (loss) | 9901 | €33,991 | €32,070 | -€1,921 | -5.7% |
| Financial income | 75/76B | €0 | €2,271 | +€2,270 | +4,540,940% |
| Recurring financial income | 75 | €0 | €2,271 | +€2,270 | +4,540,940% |
| Financial charges | 65/66B | €4,003 | €2,456 | -€1,547 | -38.6% |
| Recurring financial charges | 65 | €4,003 | €2,456 | -€1,547 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €29,988 | €31,884 | +€1,896 | +6.3% |
| Income taxes | 67/77 | €8,570 | €9,665 | +€1,095 | +12.8% |
| Profit (loss) for the period | 9904 | €21,418 | €22,219 | +€801 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,418 | €22,219 | +€801 | +3.7% |
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 21 October 2026 via checked.be.