BTMC CONSULTING: 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.
BTMC CONSULTING
Largest movements
- Current investments +€79,052
up €79,052 (+39.1%), from €202,318 to €281,370
- Cash -€60,517
down €60,517 (-33.7%), from €179,505 to €118,988
mainly Current investments (-€79,052) and Tax, wage and social debts (-€8,812)
- Receivables within one year -€10,570
down €10,570 (-49.6%), from €21,312 to €10,742
of which Trade receivables: -€13,261
- Reserves +€13,175
up €13,175 (+4.3%), from €303,386 to €316,561
- Tax, wage and social debts -€8,812
down €8,812 (-85.6%), from €10,296 to €1,484
- Gross operating margin -€71,776
down €71,776 (-85.3%), from €84,185 to €12,409
- Taxes -€19,316
down €19,316 (-73.5%), from €26,294 to €6,978
- Financial income +€13,171
up €13,171 (+681%), from €1,933 to €15,104
- Depreciation +€1,628
up €1,628 (+82.1%), from €1,981 to €3,609
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 | €413,082 | €417,341 | +€4,259 | +1.0% |
| Fixed assets | 21/28 | €8,482 | €5,872 | -€2,609 | -30.8% |
| Tangible fixed assets | 22/27 | €8,082 | €5,472 | -€2,609 | -32.3% |
| Plant, machinery and equipment | 23 | €679 | €934 | +€255 | +37.5% |
| Furniture and vehicles | 24 | €7,403 | €4,539 | -€2,864 | -38.7% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €404,600 | €411,468 | +€6,868 | +1.7% |
| Amounts receivable within one year | 40/41 | €21,312 | €10,742 | -€10,570 | -49.6% |
| Trade receivables | 40 | €19,239 | €5,978 | -€13,261 | -68.9% |
| Other amounts receivable | 41 | €2,073 | €4,764 | +€2,691 | +130% |
| Current investments | 50/53 | €202,318 | €281,370 | +€79,052 | +39.1% |
| Cash at bank and in hand | 54/58 | €179,505 | €118,988 | -€60,517 | -33.7% |
| Deferred charges and accrued income | 490/1 | €1,465 | €368 | -€1,097 | -74.9% |
| Total equity and liabilities | 10/49 | €413,082 | €417,341 | +€4,259 | +1.0% |
| Equity | 10/15 | €395,045 | €408,220 | +€13,175 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €303,386 | €316,561 | +€13,175 | +4.3% |
| Distributable reserves | 133 | €303,386 | €316,561 | +€13,175 | +4.3% |
| Profit (loss) carried forward | 14 | €85,459 | €85,459 | = | 0.0% |
| Amounts payable | 17/49 | €18,037 | €9,120 | -€8,917 | -49.4% |
| Amounts payable after more than one year | 17 | €3,841 | €3,832 | -€9 | -0.2% |
| Other amounts payable | 178/9 | €3,841 | €3,832 | -€9 | -0.2% |
| Amounts payable within one year | 42/48 | €12,396 | €3,489 | -€8,908 | -71.9% |
| Financial debts | 43 | €420 | - | -€420 | |
| Credit institutions | 430/8 | €420 | - | -€420 | |
| Trade debts | 44 | €560 | €338 | -€221 | -39.6% |
| Suppliers | 440/4 | €560 | €338 | -€221 | -39.6% |
| Taxes, remuneration and social security | 45 | €10,296 | €1,484 | -€8,812 | -85.6% |
| Taxes | 450/3 | €10,296 | €1,484 | -€8,812 | -85.6% |
| Other amounts payable | 47/48 | €1,120 | €1,666 | +€546 | +48.8% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,981 | €3,609 | +€1,628 | +82.1% |
| Other operating charges | 640/8 | €629 | €1,170 | +€540 | +85.9% |
| Gross operating margin | 9900 | €84,185 | €12,409 | -€71,776 | -85.3% |
| Operating profit (loss) | 9901 | €81,575 | €7,631 | -€73,944 | -90.6% |
| Financial income | 75/76B | €1,933 | €15,104 | +€13,171 | +681% |
| Recurring financial income | 75 | €1,933 | €15,104 | +€13,171 | +681% |
| Financial charges | 65/66B | €912 | €916 | +€4 | +0.4% |
| Recurring financial charges | 65 | €912 | €916 | +€4 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €82,596 | €21,819 | -€60,777 | -73.6% |
| Income taxes | 67/77 | €26,294 | €6,978 | -€19,316 | -73.5% |
| Profit (loss) for the period | 9904 | €56,302 | €14,841 | -€41,461 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,302 | €14,841 | -€41,461 | -73.6% |
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 17 October 2026 via checked.be.