BTL CONSEILS: 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.
BTL CONSEILS
Largest movements
- Cash -€73,203
down €73,203 (-44.7%), from €163,868 to €90,665
mainly Other debts (-€69,111) and Debts after one year (-€30,242)
- Tangible fixed assets -€30,698
down €30,698 (-17.6%), from €174,376 to €143,678
of which Furniture and vehicles: -€24,947
- Receivables within one year +€10,230
up €10,230 (+428%), from €2,392 to €12,622
of which Trade receivables: +€7,500
- Other debts -€69,111
down €69,111 (-46.5%), from €148,575 to €79,464
- Debts after one year -€30,242
down €30,242 (-22.0%), from €137,204 to €106,961
- Current portion of long-term debt +€15,575
up €15,575 (+52.5%), from €29,668 to €45,242
- Trade debts -€7,525
down €7,525 (-58.1%), from €12,947 to €5,421
- Financial income -€144,316
no longer reported in 2025 (was €144,316)
of which Financial income: -€126,316
- Gross operating margin -€75,465
down €75,465 (-55.6%), from €135,719 to €60,254
- Taxes -€19,285
down €19,285 (-66.1%), from €29,164 to €9,879
- Other operating charges -€4,550
down €4,550 (-62.2%), from €7,321 to €2,770
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 | €346,993 | €255,689 | -€91,305 | -26.3% |
| Fixed assets | 21/28 | €175,684 | €144,987 | -€30,698 | -17.5% |
| Tangible fixed assets | 22/27 | €174,376 | €143,678 | -€30,698 | -17.6% |
| Land and buildings | 22 | €90,837 | €85,332 | -€5,505 | -6.1% |
| Plant, machinery and equipment | 23 | - | €816 | +€816 | |
| Furniture and vehicles | 24 | €74,520 | €49,572 | -€24,947 | -33.5% |
| Other tangible fixed assets | 26 | €9,019 | €7,957 | -€1,062 | -11.8% |
| Financial fixed assets | 28 | €1,308 | €1,308 | = | 0.0% |
| Current assets | 29/58 | €171,309 | €110,702 | -€60,607 | -35.4% |
| Amounts receivable within one year | 40/41 | €2,392 | €12,622 | +€10,230 | +428% |
| Trade receivables | 40 | - | €7,500 | +€7,500 | |
| Other amounts receivable | 41 | €2,392 | €5,122 | +€2,730 | +114% |
| Cash at bank and in hand | 54/58 | €163,868 | €90,665 | -€73,203 | -44.7% |
| Deferred charges and accrued income | 490/1 | €5,050 | €7,416 | +€2,366 | +46.9% |
| Total equity and liabilities | 10/49 | €346,993 | €255,689 | -€91,305 | -26.3% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €328,393 | €237,089 | -€91,305 | -27.8% |
| Amounts payable after more than one year | 17 | €137,204 | €106,961 | -€30,242 | -22.0% |
| Financial debts | 170/4 | €137,204 | €106,961 | -€30,242 | -22.0% |
| Amounts payable within one year | 42/48 | €191,190 | €130,127 | -€61,062 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €29,668 | €45,242 | +€15,575 | +52.5% |
| Trade debts | 44 | €12,947 | €5,421 | -€7,525 | -58.1% |
| Suppliers | 440/4 | €12,947 | €5,421 | -€7,525 | -58.1% |
| Other amounts payable | 47/48 | €148,575 | €79,464 | -€69,111 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,209 | €31,751 | +€542 | +1.7% |
| Other operating charges | 640/8 | €7,321 | €2,770 | -€4,550 | -62.2% |
| Gross operating margin | 9900 | €135,719 | €60,254 | -€75,465 | -55.6% |
| Operating profit (loss) | 9901 | €97,189 | €25,733 | -€71,456 | -73.5% |
| Financial income | 75/76B | €144,316 | - | -€144,316 | |
| Recurring financial income | 75 | €126,316 | - | -€126,316 | |
| Non-recurring financial income | 76B | €18,000 | - | -€18,000 | |
| Financial charges | 65/66B | €3,770 | €3,604 | -€167 | -4.4% |
| Recurring financial charges | 65 | €3,770 | €3,604 | -€167 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €237,735 | €22,129 | -€215,606 | -90.7% |
| Income taxes | 67/77 | €29,164 | €9,879 | -€19,285 | -66.1% |
| Profit (loss) for the period | 9904 | €208,571 | €12,251 | -€196,320 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €208,571 | €12,251 | -€196,320 | -94.1% |
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 22 October 2026 via checked.be.