BTM STYLING: what changed
BTM STYLING
Largest movements
- Tangible fixed assets +€6,646
up €6,646 (+34.1%), from €19,471 to €26,118
of which Plant, machinery and equipment: +€7,672
- Receivables within one year +€3,839
up €3,839 (+154%), from €2,487 to €6,326
of which Trade receivables: +€4,354
- Cash -€2,411
down €2,411 (-27.9%), from €8,633 to €6,222
mainly Investment in fixed assets (net) (-€11,304) and Advances received (-€7,994)
- Deferred charges and accrued income -€675
down €675 (-55.7%), from €1,211 to €536
- Advances received -€7,994
down €7,994 (-78.1%), from €10,235 to €2,241
- Trade debts +€7,808
up €7,808 (+104%), from €7,497 to €15,305
- Other debts +€4,316
up €4,316 (+74.8%), from €5,769 to €10,085
- Tax, wage and social debts +€2,778
up €2,778 (+140%), from €1,991 to €4,769
of which Taxes: +€3,749
- Gross operating margin +€10,249
up €10,249 (+124%), from €8,239 to €18,488
- Staff costs +€3,636
up €3,636 (+77.0%), from €4,721 to €8,357
- Taxes +€2,401
up €2,401 (+253%), from €950 to €3,351
- Other operating charges -€1,179
down €1,179 (-62.9%), from €1,873 to €694
- Depreciation +€1,158
up €1,158 (+30.7%), from €3,777 to €4,935
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,155 | €39,276 | +€7,122 | +22.1% |
| Fixed assets | 21/28 | €19,824 | €26,193 | +€6,368 | +32.1% |
| Tangible fixed assets | 22/27 | €19,471 | €26,118 | +€6,646 | +34.1% |
| Plant, machinery and equipment | 23 | €2,279 | €9,951 | +€7,672 | +337% |
| Furniture and vehicles | 24 | €17,192 | €16,167 | -€1,025 | -6.0% |
| Financial fixed assets | 28 | €353 | €75 | -€278 | -78.8% |
| Current assets | 29/58 | €12,330 | €13,083 | +€753 | +6.1% |
| Amounts receivable within one year | 40/41 | €2,487 | €6,326 | +€3,839 | +154% |
| Trade receivables | 40 | - | €4,354 | +€4,354 | |
| Other amounts receivable | 41 | €2,487 | €1,972 | -€515 | -20.7% |
| Cash at bank and in hand | 54/58 | €8,633 | €6,222 | -€2,411 | -27.9% |
| Deferred charges and accrued income | 490/1 | €1,211 | €536 | -€675 | -55.7% |
| Total equity and liabilities | 10/49 | €32,155 | €39,276 | +€7,122 | +22.1% |
| Equity | 10/15 | €5,810 | €6,146 | +€336 | +5.8% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,190 | -€2,854 | +€336 | +10.5% |
| Amounts payable | 17/49 | €26,345 | €33,130 | +€6,786 | +25.8% |
| Amounts payable within one year | 42/48 | €25,492 | €32,400 | +€6,908 | +27.1% |
| Trade debts | 44 | €7,497 | €15,305 | +€7,808 | +104% |
| Suppliers | 440/4 | €7,497 | €15,305 | +€7,808 | +104% |
| Advances received on contracts in progress | 46 | €10,235 | €2,241 | -€7,994 | -78.1% |
| Taxes, remuneration and social security | 45 | €1,991 | €4,769 | +€2,778 | +140% |
| Taxes | 450/3 | €950 | €4,699 | +€3,749 | +395% |
| Remuneration and social security | 454/9 | €1,041 | €70 | -€972 | -93.3% |
| Other amounts payable | 47/48 | €5,769 | €10,085 | +€4,316 | +74.8% |
| Accrued charges and deferred income | 492/3 | €853 | €730 | -€123 | -14.4% |
| Remuneration, social security and pensions | 62 | €4,721 | €8,357 | +€3,636 | +77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,777 | €4,935 | +€1,158 | +30.7% |
| Other operating charges | 640/8 | €1,873 | €694 | -€1,179 | -62.9% |
| Non-recurring operating charges | 66A | - | €532 | +€532 | |
| Gross operating margin | 9900 | €8,239 | €18,488 | +€10,249 | +124% |
| Operating profit (loss) | 9901 | -€2,131 | €3,970 | +€6,101 | |
| Financial income | 75/76B | €16 | €13 | -€3 | -16.9% |
| Recurring financial income | 75 | €16 | €13 | -€3 | -16.9% |
| Financial charges | 65/66B | €125 | €296 | +€171 | +137% |
| Recurring financial charges | 65 | €125 | €296 | +€171 | +137% |
| Profit (loss) for the period before taxes | 9903 | -€2,240 | €3,687 | +€5,927 | |
| Income taxes | 67/77 | €950 | €3,351 | +€2,401 | +253% |
| Profit (loss) for the period | 9904 | -€3,190 | €336 | +€3,526 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,190 | €336 | +€3,526 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.