BTMM: 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.
BTMM
Largest movements
- Receivables within one year +€78,568
up €78,568 (+116.1%), from €67,666 to €146,234
of which Other amounts receivable: +€69,910
- Cash -€12,885
no longer reported in 2025 (was €12,885)
mainly Receivables within one year (-€78,568) and Trade debts (-€13,329)
- Profit (loss) carried forward +€42,569
up €42,569 (+652.0%), from €6,529 to €49,098
- Tax, wage and social debts +€20,104
up €20,104 (+486.7%), from €4,131 to €24,235
of which Taxes: +€17,824
- Trade debts -€13,329
down €13,329 (-22.2%), from €60,070 to €46,741
- Other debts +€12,000
new in 2025: €12,000
- Short-term financial debts +€3,926
new in 2025: €3,926
- Gross operating margin +€55,290
up €55,290 (+316.8%), from €17,450 to €72,741
- Taxes +€13,112
up €13,112 (+431.3%), from €3,040 to €16,152
- Other operating charges -€4,974
down €4,974 (-90.7%), from €5,485 to €511
- Financial income +€1,746
up €1,746 (+23557.2%), from €7 to €1,753
- Depreciation +€903
up €903 (+57.5%), from €1,570 to €2,474
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.
Cash bridge derived
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 | €85,730 | €151,001 | +€65,271 | +76.1% |
| Fixed assets | 21/28 | €5,054 | €4,767 | -€287 | -5.7% |
| Intangible fixed assets | 21 | €1,862 | €769 | -€1,093 | -58.7% |
| Tangible fixed assets | 22/27 | €3,191 | €3,998 | +€806 | +25.3% |
| Plant, machinery and equipment | 23 | €693 | €313 | -€380 | -54.9% |
| Furniture and vehicles | 24 | €2,498 | €3,685 | +€1,187 | +47.5% |
| Current assets | 29/58 | €80,676 | €146,234 | +€65,558 | +81.3% |
| Amounts receivable within one year | 40/41 | €67,666 | €146,234 | +€78,568 | +116.1% |
| Trade receivables | 40 | €6,920 | €15,579 | +€8,659 | +125.1% |
| Other amounts receivable | 41 | €60,746 | €130,656 | +€69,910 | +115.1% |
| Cash at bank and in hand | 54/58 | €12,885 | - | -€12,885 | |
| Deferred charges and accrued income | 490/1 | €125 | - | -€125 | |
| Total equity and liabilities | 10/49 | €85,730 | €151,001 | +€65,271 | +76.1% |
| Equity | 10/15 | €21,529 | €64,098 | +€42,569 | +197.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,529 | €49,098 | +€42,569 | +652.0% |
| Amounts payable | 17/49 | €64,201 | €86,903 | +€22,702 | +35.4% |
| Amounts payable within one year | 42/48 | €64,201 | €86,903 | +€22,702 | +35.4% |
| Financial debts | 43 | - | €3,926 | +€3,926 | |
| Credit institutions | 430/8 | - | €3,926 | +€3,926 | |
| Trade debts | 44 | €60,070 | €46,741 | -€13,329 | -22.2% |
| Suppliers | 440/4 | €60,070 | €46,741 | -€13,329 | -22.2% |
| Taxes, remuneration and social security | 45 | €4,131 | €24,235 | +€20,104 | +486.7% |
| Taxes | 450/3 | €3,040 | €20,864 | +€17,824 | +586.3% |
| Remuneration and social security | 454/9 | €1,091 | €3,371 | +€2,280 | +209.0% |
| Other amounts payable | 47/48 | - | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,570 | €2,474 | +€903 | +57.5% |
| Other operating charges | 640/8 | €5,485 | €511 | -€4,974 | -90.7% |
| Gross operating margin | 9900 | €17,450 | €72,741 | +€55,290 | +316.8% |
| Operating profit (loss) | 9901 | €10,395 | €69,756 | +€59,361 | +571.1% |
| Financial income | 75/76B | €7 | €1,753 | +€1,746 | +23557.2% |
| Recurring financial income | 75 | €7 | €1,753 | +€1,746 | +23557.2% |
| Financial charges | 65/66B | €201 | €787 | +€587 | +292.1% |
| Recurring financial charges | 65 | €201 | €787 | +€587 | +292.1% |
| Profit (loss) for the period before taxes | 9903 | €10,201 | €70,722 | +€60,520 | +593.3% |
| Income taxes | 67/77 | €3,040 | €16,152 | +€13,112 | +431.3% |
| Profit (loss) for the period | 9904 | €7,161 | €54,569 | +€47,408 | +662.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,161 | €54,569 | +€47,408 | +662.0% |
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 7 October 2026 via checked.be.