BTM Construction: 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.
BTM Construction
Largest movements
- Receivables within one year +€17,200
up €17,200 (+121.1%), from €14,203 to €31,403
of which Trade receivables: +€9,425
- Deferred charges and accrued income -€14,352
no longer reported in 2024 (was €14,352)
- Tangible fixed assets -€3,524
down €3,524 (-44.5%), from €7,917 to €4,393
of which Furniture and vehicles: -€3,569
- Cash -€1,639
down €1,639 (-7.6%), from €21,486 to €19,847
- Intangible fixed assets +€1,463
new in 2024: €1,463
- Tax, wage and social debts +€71,086
up €71,086 (+534.1%), from €13,310 to €84,396
of which Taxes: +€79,422
- Profit (loss) carried forward -€55,735
down €55,735 (-245.5%), from -€22,704 to -€78,439
- Accrued charges and deferred income -€26,357
no longer reported in 2024 (was €26,357)
- Advances received +€13,863
new in 2024: €13,863
- Other debts -€11,726
down €11,726 (-77.7%), from €15,089 to €3,362
- Purchases and services -€126,222
no longer reported in 2024 (was €126,222)
- Turnover -€122,599
no longer reported in 2024 (was €122,599)
- Other operating charges +€30,956
up €30,956 (+2316.4%), from €1,336 to €32,293
- Gross operating margin +€14,690
up €14,690, from -€3,623 to €11,067
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,287 | €57,755 | -€533 | -0.9% |
| Fixed assets | 21/28 | €8,246 | €6,505 | -€1,741 | -21.1% |
| Intangible fixed assets | 21 | - | €1,463 | +€1,463 | |
| Tangible fixed assets | 22/27 | €7,917 | €4,393 | -€3,524 | -44.5% |
| Plant, machinery and equipment | 23 | €420 | €465 | +€45 | +10.6% |
| Furniture and vehicles | 24 | €7,497 | €3,928 | -€3,569 | -47.6% |
| Financial fixed assets | 28 | €329 | €649 | +€320 | +97.3% |
| Current assets | 29/58 | €50,041 | €51,250 | +€1,209 | +2.4% |
| Amounts receivable within one year | 40/41 | €14,203 | €31,403 | +€17,200 | +121.1% |
| Trade receivables | 40 | €3,862 | €13,287 | +€9,425 | +244.1% |
| Other amounts receivable | 41 | €10,342 | €18,116 | +€7,774 | +75.2% |
| Cash at bank and in hand | 54/58 | €21,486 | €19,847 | -€1,639 | -7.6% |
| Deferred charges and accrued income | 490/1 | €14,352 | - | -€14,352 | |
| Total equity and liabilities | 10/49 | €58,287 | €57,755 | -€533 | -0.9% |
| Equity | 10/15 | -€2,442 | -€58,176 | -€55,735 | -2282.7% |
| Contributions | 10/11 | €18,600 | €20,262 | +€1,662 | +8.9% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,662 | - | -€1,662 | |
| Non-distributable reserves | 130/1 | €1,662 | - | -€1,662 | |
| Legal reserve | 130 | €1,662 | - | -€1,662 | |
| Profit (loss) carried forward | 14 | -€22,704 | -€78,439 | -€55,735 | -245.5% |
| Amounts payable | 17/49 | €60,729 | €115,931 | +€55,202 | +90.9% |
| Amounts payable within one year | 42/48 | €34,372 | €115,931 | +€81,559 | +237.3% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €5,973 | €14,303 | +€8,330 | +139.5% |
| Suppliers | 440/4 | €5,973 | €14,303 | +€8,330 | +139.5% |
| Advances received on contracts in progress | 46 | - | €13,863 | +€13,863 | |
| Taxes, remuneration and social security | 45 | €13,310 | €84,396 | +€71,086 | +534.1% |
| Taxes | 450/3 | €4,307 | €83,728 | +€79,422 | +1844.1% |
| Remuneration and social security | 454/9 | €9,003 | €668 | -€8,335 | -92.6% |
| Other amounts payable | 47/48 | €15,089 | €3,362 | -€11,726 | -77.7% |
| Accrued charges and deferred income | 492/3 | €26,357 | - | -€26,357 | |
| Turnover | 70 | €122,599 | - | -€122,599 | |
| Goods, raw materials, services and sundry goods | 60/61 | €126,222 | - | -€126,222 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,163 | €5,353 | -€810 | -13.1% |
| Other operating charges | 640/8 | €1,336 | €32,293 | +€30,956 | +2316.4% |
| Gross operating margin | 9900 | -€3,623 | €11,067 | +€14,690 | |
| Operating profit (loss) | 9901 | -€11,122 | -€26,578 | -€15,456 | -139.0% |
| Financial charges | 65/66B | €172 | €179 | +€7 | +4.2% |
| Recurring financial charges | 65 | €172 | €179 | +€7 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,294 | -€26,757 | -€15,463 | -136.9% |
| Income taxes | 67/77 | €1,036 | - | -€1,036 | |
| Profit (loss) for the period | 9904 | -€12,330 | -€26,757 | -€14,426 | -117.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,330 | -€26,757 | -€14,426 | -117.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.