BTP Solutions: 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.
BTP Solutions
Largest movements
- Tangible fixed assets +€366,667
up €366,667 (+113%), from €323,339 to €690,005
of which Plant, machinery and equipment: +€337,051
- Stocks and contracts -€79,538
down €79,538 (-49.4%), from €161,017 to €81,479
- Receivables within one year +€61,003
up €61,003 (+62.9%), from €97,025 to €158,027
of which Trade receivables: +€79,828
- Cash +€40,266
up €40,266 (+217%), from €18,564 to €58,830
mainly Net result for the year (+€190,477) and Debts after one year (+€131,903)
- Profit (loss) carried forward +€190,477
up €190,477 (+127%), from €149,475 to €339,952
- Debts after one year +€131,903
up €131,903 (+91.9%), from €143,520 to €275,423
- Tax, wage and social debts +€88,537
up €88,537 (+2,951%), from €3,000 to €91,537
of which Taxes: +€85,210
- Trade debts -€73,797
down €73,797 (-31.4%), from €235,106 to €161,310
- Current portion of long-term debt +€57,714
up €57,714 (+148%), from €38,887 to €96,601
- Gross operating margin +€301,359
up €301,359 (+251%), from €120,227 to €421,586
- Depreciation +€82,829
up €82,829 (+199%), from €41,697 to €124,526
- Taxes +€72,077
new in 2025: €72,077
- Other operating charges -€42,392
down €42,392 (-89.7%), from €47,243 to €4,851
- Staff costs +€18,203
new in 2025: €18,203
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 | €608,589 | €989,823 | +€381,234 | +62.6% |
| Fixed assets | 21/28 | €324,720 | €690,947 | +€366,228 | +113% |
| Intangible fixed assets | 21 | €1,381 | €942 | -€439 | -31.8% |
| Tangible fixed assets | 22/27 | €323,339 | €690,005 | +€366,667 | +113% |
| Land and buildings | 22 | €13,464 | €12,315 | -€1,149 | -8.5% |
| Plant, machinery and equipment | 23 | €269,699 | €606,749 | +€337,051 | +125% |
| Furniture and vehicles | 24 | €40,176 | €70,941 | +€30,765 | +76.6% |
| Current assets | 29/58 | €283,869 | €298,876 | +€15,007 | +5.3% |
| Stocks and contracts in progress | 3 | €161,017 | €81,479 | -€79,538 | -49.4% |
| Stocks | 30/36 | €161,017 | €81,479 | -€79,538 | -49.4% |
| Amounts receivable within one year | 40/41 | €97,025 | €158,027 | +€61,003 | +62.9% |
| Trade receivables | 40 | €77,497 | €157,325 | +€79,828 | +103% |
| Other amounts receivable | 41 | €19,528 | €703 | -€18,825 | -96.4% |
| Cash at bank and in hand | 54/58 | €18,564 | €58,830 | +€40,266 | +217% |
| Deferred charges and accrued income | 490/1 | €7,264 | €540 | -€6,724 | -92.6% |
| Total equity and liabilities | 10/49 | €608,589 | €989,823 | +€381,234 | +62.6% |
| Equity | 10/15 | €174,475 | €364,952 | +€190,477 | +109% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,475 | €339,952 | +€190,477 | +127% |
| Amounts payable | 17/49 | €434,114 | €624,871 | +€190,757 | +43.9% |
| Amounts payable after more than one year | 17 | €143,520 | €275,423 | +€131,903 | +91.9% |
| Financial debts | 170/4 | €143,520 | €275,423 | +€131,903 | +91.9% |
| Amounts payable within one year | 42/48 | €290,594 | €349,448 | +€58,854 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €38,887 | €96,601 | +€57,714 | +148% |
| Trade debts | 44 | €235,106 | €161,310 | -€73,797 | -31.4% |
| Suppliers | 440/4 | €235,106 | €161,310 | -€73,797 | -31.4% |
| Taxes, remuneration and social security | 45 | €3,000 | €91,537 | +€88,537 | +2,951% |
| Taxes | 450/3 | €1,500 | €86,710 | +€85,210 | +5,681% |
| Remuneration and social security | 454/9 | €1,500 | €4,827 | +€3,327 | +222% |
| Other amounts payable | 47/48 | €13,601 | - | -€13,601 | |
| Remuneration, social security and pensions | 62 | - | €18,203 | +€18,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,697 | €124,526 | +€82,829 | +199% |
| Other operating charges | 640/8 | €47,243 | €4,851 | -€42,392 | -89.7% |
| Gross operating margin | 9900 | €120,227 | €421,586 | +€301,359 | +251% |
| Operating profit (loss) | 9901 | €31,286 | €274,006 | +€242,720 | +776% |
| Financial charges | 65/66B | €8,796 | €11,452 | +€2,655 | +30.2% |
| Recurring financial charges | 65 | €8,796 | €11,452 | +€2,655 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €22,490 | €262,554 | +€240,064 | +1,067% |
| Income taxes | 67/77 | - | €72,077 | +€72,077 | |
| Profit (loss) for the period | 9904 | €22,490 | €190,477 | +€167,987 | +747% |
| Profit (loss) for the period to be appropriated | 9905 | €22,490 | €190,477 | +€167,987 | +747% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.