Btools: 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.
What changed
Btools
NACE 33.120, Repair and maintenance of machinery
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€248,966
2024 · €12,994+€235,972
Equity
€430,282
2024 · €181,316+€248,966
Cash
€11,389
2024 · €9,958+€1,431
Balance sheet total
€2.0m
2024 · €1.7m+€349,163
Largest movements
Assets
- Tangible fixed assets +€337,897
up €337,897 (+22.5%), from €1.5m to €1.8m
of which Land and buildings: +€352,402
Equity and liabilities
- Reserves +€248,966
up €248,966 (+153.0%), from €162,716 to €411,682
- Debts after one year +€221,656
up €221,656 (+20.4%), from €1.1m to €1.3m
- Other debts -€212,935
down €212,935 (-93.8%), from €226,938 to €14,003
- Trade debts -€62,324
down €62,324 (-96.7%), from €64,458 to €2,133
- Short-term financial debts +€58,596
up €58,596 (+8368.0%), from €700 to €59,296
Income statement
- Gross operating margin +€416,036
up €416,036 (+196.3%), from €211,986 to €628,022
- Taxes +€122,895
up €122,895 (+2947.4%), from €4,170 to €127,064
- Provisions +€51,293
new in 2025: €51,293
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.
Result 2024
€12,994
Gross operating margin
+€416,036
Depreciation
-€1,470
Provisions
-€51,293
Other operating charges
-€1,888
Financial income
+€32
Financial charges
-€2,550
Taxes
-€122,895
Result 2025
€248,966
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.
From operations
+€148,101
Investment
-€444,979
Financing
+€298,308
Cash 2024
€9,958
From operations (derived)
+€148,101
Net result for the year
+€248,966
Depreciation
+€107,081
Receivables within one year
-€10,570
Deferred charges and accrued income
+€734
Provisions
+€51,293
Trade debts
-€62,324
Tax, wage and social debts
+€27,743
Advances received
-€1,889
Other debts
-€212,935
Investment (derived)
-€444,979
Investment in fixed assets (net)
-€444,979
Financing
+€298,308
Debts after one year
+€221,656
Current portion of long-term debt
+€18,056
Short-term financial debts
+€58,596
Cash 2025
€11,389
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,657,922 | €2,007,085 | +€349,163 | +21.1% |
| Fixed assets | 21/28 | €1,573,533 | €1,911,430 | +€337,897 | +21.5% |
| Tangible fixed assets | 22/27 | €1,498,533 | €1,836,430 | +€337,897 | +22.5% |
| Land and buildings | 22 | €1,424,940 | €1,777,343 | +€352,402 | +24.7% |
| Plant, machinery and equipment | 23 | €23,421 | €22,863 | -€558 | -2.4% |
| Furniture and vehicles | 24 | €50,172 | €36,225 | -€13,947 | -27.8% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €84,390 | €95,655 | +€11,266 | +13.3% |
| Amounts receivable within one year | 40/41 | €68,976 | €79,546 | +€10,570 | +15.3% |
| Trade receivables | 40 | €33,132 | €64,546 | +€31,414 | +94.8% |
| Other amounts receivable | 41 | €35,844 | €15,000 | -€20,844 | -58.2% |
| Cash at bank and in hand | 54/58 | €9,958 | €11,389 | +€1,431 | +14.4% |
| Deferred charges and accrued income | 490/1 | €5,455 | €4,721 | -€734 | -13.5% |
| Total equity and liabilities | 10/49 | €1,657,922 | €2,007,085 | +€349,163 | +21.1% |
| Equity | 10/15 | €181,316 | €430,282 | +€248,966 | +137.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,716 | €411,682 | +€248,966 | +153.0% |
| Distributable reserves | 133 | €162,716 | €411,682 | +€248,966 | +153.0% |
| Provisions and deferred taxes | 16 | - | €51,293 | +€51,293 | |
| Provisions for liabilities and charges | 160/5 | - | €51,293 | +€51,293 | |
| Other liabilities and charges | 164/5 | - | €51,293 | +€51,293 | |
| Amounts payable | 17/49 | €1,476,606 | €1,525,510 | +€48,903 | +3.3% |
| Amounts payable after more than one year | 17 | €1,088,857 | €1,310,513 | +€221,656 | +20.4% |
| Financial debts | 170/4 | €1,088,857 | €1,310,513 | +€221,656 | +20.4% |
| Amounts payable within one year | 42/48 | €387,749 | €214,997 | -€172,752 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €88,215 | €106,271 | +€18,056 | +20.5% |
| Financial debts | 43 | €700 | €59,296 | +€58,596 | +8368.0% |
| Credit institutions | 430/8 | €700 | €59,296 | +€58,596 | +8368.0% |
| Trade debts | 44 | €64,458 | €2,133 | -€62,324 | -96.7% |
| Suppliers | 440/4 | €64,458 | €2,133 | -€62,324 | -96.7% |
| Advances received on contracts in progress | 46 | €1,889 | €0 | -€1,889 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,551 | €33,294 | +€27,743 | +499.8% |
| Taxes | 450/3 | €2,651 | €33,294 | +€30,643 | +1156.1% |
| Remuneration and social security | 454/9 | €2,900 | €0 | -€2,900 | -100.0% |
| Other amounts payable | 47/48 | €226,938 | €14,003 | -€212,935 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,612 | €107,081 | +€1,470 | +1.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €51,293 | +€51,293 | |
| Other operating charges | 640/8 | €8,661 | €10,549 | +€1,888 | +21.8% |
| Gross operating margin | 9900 | €211,986 | €628,022 | +€416,036 | +196.3% |
| Operating profit (loss) | 9901 | €97,714 | €459,099 | +€361,385 | +369.8% |
| Financial income | 75/76B | €78 | €110 | +€32 | +41.0% |
| Recurring financial income | 75 | €78 | €110 | +€32 | +41.0% |
| Financial charges | 65/66B | €80,628 | €83,178 | +€2,550 | +3.2% |
| Recurring financial charges | 65 | €80,628 | €83,178 | +€2,550 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €17,164 | €376,030 | +€358,866 | +2090.8% |
| Income taxes | 67/77 | €4,170 | €127,064 | +€122,895 | +2947.4% |
| Profit (loss) for the period | 9904 | €12,994 | €248,966 | +€235,972 | +1815.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,994 | €248,966 | +€235,972 | +1815.9% |
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 12 October 2026 via checked.be.