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BTL-IMPEX: 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.

What changed

BTL-IMPEX

BE 0804.511.565
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€15,597
2024 · €11,939+€3,658
Equity
€127,535
2024 · €111,939+€15,597
Cash
€3,369
2024 · €26,971-€23,602
Balance sheet total
€722,764
2024 · €393,821+€328,943

Largest movements

2024 to 2025
Assets
  • Stocks and contracts +€188,676

    up €188,676 (+204.3%), from €92,331 to €281,007

    of which Contracts in progress: +€137,260

  • Tangible fixed assets +€120,638

    up €120,638 (+78.9%), from €152,837 to €273,475

    of which Leasing and similar rights: +€79,334

  • Cash -€23,602

    down €23,602 (-87.5%), from €26,971 to €3,369

    mainly Stocks and contracts (-€188,676) and Investment in fixed assets (net) (-€180,472)

  • Receivables within one year +€20,851

    up €20,851 (+18.5%), from €113,014 to €133,865

    of which Trade receivables: +€23,176

  • Deferred charges and accrued income +€15,880

    up €15,880 (+4291.8%), from €370 to €16,250

Equity and liabilities
  • Advances received +€111,950

    up €111,950 (+107.5%), from €104,164 to €216,114

  • Trade debts +€87,648

    up €87,648 (+188.8%), from €46,425 to €134,073

  • Debts after one year +€52,979

    new in 2025: €52,979

  • Other debts +€49,847

    up €49,847 (+48.9%), from €101,902 to €151,749

  • Tax, wage and social debts +€32,619

    up €32,619 (+423.9%), from €7,695 to €40,315

    of which Remuneration and social security: +€22,269

Income statement
  • Gross operating margin +€267,950

    up €267,950 (+237.2%), from €112,957 to €380,906

  • Purchases and services -€223,843

    down €223,843 (-32.7%), from €683,833 to €459,991

  • Staff costs +€223,201

    up €223,201 (+295.7%), from €75,477 to €298,679

  • Depreciation +€33,073

    up €33,073 (+163.2%), from €20,260 to €53,334

  • Other operating charges +€5,004

    up €5,004 (+319.1%), from €1,568 to €6,573

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €11,939
Gross operating margin +€267,950
Staff costs -€223,201
Depreciation -€33,073
Other operating charges -€5,004
Financial income -€56
Financial charges -€531
Taxes -€2,425
Result 2025 €15,597

Cash bridge derived

cash 2024 to 2025

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.

From operations +€125,587
Investment -€180,472
Financing +€31,283
Cash 2024 €26,971
Net result for the year +€15,597
Depreciation +€53,334
Stocks and contracts -€188,676
Receivables within one year -€20,851
Deferred charges and accrued income -€15,880
Trade debts +€87,648
Tax, wage and social debts +€32,619
Advances received +€111,950
Other debts +€49,847
Investment in fixed assets (net) -€180,472
Debts after one year +€52,979
Current portion of long-term debt -€21,696
Cash 2025 €3,369
Every line side by side 49 lines
Line Code 2024 2025 Change %
Total assets 20/58 €393,821 €722,764 +€328,943 +83.5%
Formation expenses 20 €0 €0 =
Fixed assets 21/28 €161,137 €288,275 +€127,138 +78.9%
Tangible fixed assets 22/27 €152,837 €273,475 +€120,638 +78.9%
Plant, machinery and equipment 23 €1,820 €1,430 -€390 -21.4%
Furniture and vehicles 24 €88,504 €132,058 +€43,555 +49.2%
Leasing and similar rights 25 €53,366 €132,700 +€79,334 +148.7%
Other tangible fixed assets 26 €9,146 €7,286 -€1,860 -20.3%
Financial fixed assets 28 €8,300 €14,800 +€6,500 +78.3%
Current assets 29/58 €232,685 €434,490 +€201,805 +86.7%
Stocks and contracts in progress 3 €92,331 €281,007 +€188,676 +204.3%
Stocks 30/36 €92,331 €143,747 +€51,417 +55.7%
Contracts in progress 37 - €137,260 +€137,260
Amounts receivable within one year 40/41 €113,014 €133,865 +€20,851 +18.5%
Trade receivables 40 €110,264 €133,440 +€23,176 +21.0%
Other amounts receivable 41 €2,750 €425 -€2,324 -84.5%
Cash at bank and in hand 54/58 €26,971 €3,369 -€23,602 -87.5%
Deferred charges and accrued income 490/1 €370 €16,250 +€15,880 +4291.8%
Total equity and liabilities 10/49 €393,821 €722,764 +€328,943 +83.5%
Equity 10/15 €111,939 €127,535 +€15,597 +13.9%
Contributions 10/11 €100,000 €100,000 = 0.0%
Profit (loss) carried forward 14 €11,939 €27,535 +€15,597 +130.6%
Amounts payable 17/49 €281,883 €595,229 +€313,346 +111.2%
Amounts payable after more than one year 17 - €52,979 +€52,979
Financial debts 170/4 - €52,979 +€52,979
Amounts payable within one year 42/48 €281,883 €542,251 +€260,368 +92.4%
Current portion of amounts payable after more than one year 42 €21,696 €0 -€21,696 -100.0%
Trade debts 44 €46,425 €134,073 +€87,648 +188.8%
Suppliers 440/4 €46,425 €134,073 +€87,648 +188.8%
Advances received on contracts in progress 46 €104,164 €216,114 +€111,950 +107.5%
Taxes, remuneration and social security 45 €7,695 €40,315 +€32,619 +423.9%
Taxes 450/3 €3,318 €13,668 +€10,350 +311.9%
Remuneration and social security 454/9 €4,377 €26,646 +€22,269 +508.8%
Other amounts payable 47/48 €101,902 €151,749 +€49,847 +48.9%
Goods, raw materials, services and sundry goods 60/61 €683,833 €459,991 -€223,843 -32.7%
Remuneration, social security and pensions 62 €75,477 €298,679 +€223,201 +295.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €20,260 €53,334 +€33,073 +163.2%
Other operating charges 640/8 €1,568 €6,573 +€5,004 +319.1%
Gross operating margin 9900 €112,957 €380,906 +€267,950 +237.2%
Operating profit (loss) 9901 €15,650 €22,321 +€6,671 +42.6%
Financial income 75/76B €57 €0 -€56 -99.3%
Recurring financial income 75 €57 €0 -€56 -99.3%
Non-recurring financial income 76B - €0 +€0
Financial charges 65/66B €469 €1,000 +€531 +113.2%
Recurring financial charges 65 €469 €1,000 +€531 +113.2%
Profit (loss) for the period before taxes 9903 €15,238 €21,322 +€6,083 +39.9%
Income taxes 67/77 €3,300 €5,725 +€2,425 +73.5%
Profit (loss) for the period 9904 €11,939 €15,597 +€3,658 +30.6%
Profit (loss) for the period to be appropriated 9905 €11,939 €15,597 +€3,658 +30.6%

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.