BTH SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash +€170,550
up €170,550 (+43.2%), from €394,824 to €565,374
mainly Other debts (+€617,835) and Net result for the year (+€164,361)
- Receivables within one year -€93,542
down €93,542 (-32.9%), from €283,986 to €190,444
of which Trade receivables: -€127,391
- Intangible fixed assets -€40,000
down €40,000 (-50.0%), from €80,059 to €40,059
- Tangible fixed assets -€12,691
down €12,691 (-33.6%), from €37,737 to €25,046
of which Furniture and vehicles: -€8,731
- Other debts +€617,835
up €617,835 (+2193.7%), from €28,165 to €646,000
- Profit (loss) carried forward -€481,639
down €481,639 (-88.0%), from €547,439 to €65,801
- Tax, wage and social debts -€96,708
down €96,708 (-54.9%), from €176,194 to €79,487
of which Taxes: -€97,487
- Debts after one year -€9,587
no longer reported in 2025 (was €9,587)
- Gross operating margin +€17,159
up €17,159 (+5.8%), from €296,421 to €313,580
- Depreciation -€13,951
down €13,951 (-21.0%), from €66,329 to €52,378
- Taxes +€11,536
up €11,536 (+25.3%), from €45,530 to €57,066
- Staff costs +€3,162
up €3,162 (+8.8%), from €35,853 to €39,015
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 | €802,821 | €826,872 | +€24,051 | +3.0% |
| Fixed assets | 21/28 | €121,846 | €69,155 | -€52,691 | -43.2% |
| Intangible fixed assets | 21 | €80,059 | €40,059 | -€40,000 | -50.0% |
| Tangible fixed assets | 22/27 | €37,737 | €25,046 | -€12,691 | -33.6% |
| Plant, machinery and equipment | 23 | €6,919 | €2,958 | -€3,960 | -57.2% |
| Furniture and vehicles | 24 | €30,818 | €22,087 | -€8,731 | -28.3% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €680,976 | €757,717 | +€76,741 | +11.3% |
| Amounts receivable within one year | 40/41 | €283,986 | €190,444 | -€93,542 | -32.9% |
| Trade receivables | 40 | €283,986 | €156,595 | -€127,391 | -44.9% |
| Other amounts receivable | 41 | - | €33,849 | +€33,849 | |
| Cash at bank and in hand | 54/58 | €394,824 | €565,374 | +€170,550 | +43.2% |
| Deferred charges and accrued income | 490/1 | €2,166 | €1,899 | -€267 | -12.3% |
| Total equity and liabilities | 10/49 | €802,821 | €826,872 | +€24,051 | +3.0% |
| Equity | 10/15 | €552,439 | €70,801 | -€481,639 | -87.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €547,439 | €65,801 | -€481,639 | -88.0% |
| Amounts payable | 17/49 | €250,382 | €756,071 | +€505,689 | +202.0% |
| Amounts payable after more than one year | 17 | €9,587 | - | -€9,587 | |
| Financial debts | 170/4 | €9,587 | - | -€9,587 | |
| Amounts payable within one year | 42/48 | €240,610 | €755,775 | +€515,165 | +214.1% |
| Current portion of amounts payable after more than one year | 42 | €10,030 | €9,587 | -€443 | -4.4% |
| Trade debts | 44 | €26,221 | €20,702 | -€5,520 | -21.0% |
| Suppliers | 440/4 | €26,221 | €20,702 | -€5,520 | -21.0% |
| Taxes, remuneration and social security | 45 | €176,194 | €79,487 | -€96,708 | -54.9% |
| Taxes | 450/3 | €170,467 | €72,980 | -€97,487 | -57.2% |
| Remuneration and social security | 454/9 | €5,727 | €6,507 | +€780 | +13.6% |
| Other amounts payable | 47/48 | €28,165 | €646,000 | +€617,835 | +2193.7% |
| Accrued charges and deferred income | 492/3 | €185 | €296 | +€111 | +60.1% |
| Remuneration, social security and pensions | 62 | €35,853 | €39,015 | +€3,162 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,329 | €52,378 | -€13,951 | -21.0% |
| Other operating charges | 640/8 | €704 | €1,372 | +€668 | +94.9% |
| Gross operating margin | 9900 | €296,421 | €313,580 | +€17,159 | +5.8% |
| Operating profit (loss) | 9901 | €193,535 | €220,814 | +€27,279 | +14.1% |
| Financial income | 75/76B | €4,346 | €1,667 | -€2,679 | -61.6% |
| Recurring financial income | 75 | €4,346 | €1,667 | -€2,679 | -61.6% |
| Financial charges | 65/66B | €1,507 | €1,054 | -€453 | -30.1% |
| Recurring financial charges | 65 | €1,507 | €1,054 | -€453 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €196,375 | €221,427 | +€25,053 | +12.8% |
| Income taxes | 67/77 | €45,530 | €57,066 | +€11,536 | +25.3% |
| Profit (loss) for the period | 9904 | €150,845 | €164,361 | +€13,517 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €150,845 | €164,361 | +€13,517 | +9.0% |
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 12 October 2026 via checked.be.