BTR Energy: 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.
BTR Energy
Largest movements
- Cash +€117,152
up €117,152 (+124.9%), from €93,831 to €210,983
mainly Net result for the year (+€84,176) and Tax, wage and social debts (+€28,333)
- Receivables within one year -€2,878
down €2,878 (-12.8%), from €22,438 to €19,560
of which Trade receivables: -€4,210
- Profit (loss) carried forward +€84,176
up €84,176 (+100.8%), from €83,515 to €167,691
- Tax, wage and social debts +€28,333
up €28,333 (+89.3%), from €31,736 to €60,068
of which Taxes: +€28,077
No income-statement line moved by more than 1% of the activity.
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 | €120,253 | €232,991 | +€112,737 | +93.7% |
| Fixed assets | 21/28 | €3,692 | €2,014 | -€1,678 | -45.5% |
| Tangible fixed assets | 22/27 | €3,692 | €2,014 | -€1,678 | -45.5% |
| Furniture and vehicles | 24 | €3,692 | €2,014 | -€1,678 | -45.5% |
| Current assets | 29/58 | €116,561 | €230,977 | +€114,416 | +98.2% |
| Amounts receivable within one year | 40/41 | €22,438 | €19,560 | -€2,878 | -12.8% |
| Trade receivables | 40 | €22,360 | €18,150 | -€4,210 | -18.8% |
| Other amounts receivable | 41 | €78 | €1,410 | +€1,332 | +1700.4% |
| Cash at bank and in hand | 54/58 | €93,831 | €210,983 | +€117,152 | +124.9% |
| Deferred charges and accrued income | 490/1 | €292 | €434 | +€142 | +48.6% |
| Total equity and liabilities | 10/49 | €120,253 | €232,991 | +€112,737 | +93.7% |
| Equity | 10/15 | €87,015 | €171,191 | +€84,176 | +96.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,515 | €167,691 | +€84,176 | +100.8% |
| Amounts payable | 17/49 | €33,238 | €61,800 | +€28,562 | +85.9% |
| Amounts payable within one year | 42/48 | €33,238 | €61,800 | +€28,562 | +85.9% |
| Trade debts | 44 | - | €1,731 | +€1,731 | |
| Suppliers | 440/4 | €0 | €1,731 | +€1,731 | |
| Taxes, remuneration and social security | 45 | €31,736 | €60,068 | +€28,333 | +89.3% |
| Taxes | 450/3 | €31,480 | €59,556 | +€28,077 | +89.2% |
| Remuneration and social security | 454/9 | €256 | €512 | +€256 | +100.0% |
| Other amounts payable | 47/48 | €1,502 | - | -€1,502 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,558 | €1,678 | -€880 | -34.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €110,697 | €111,794 | +€1,096 | +1.0% |
| Operating profit (loss) | 9901 | €107,752 | €109,716 | +€1,964 | +1.8% |
| Financial income | 75/76B | €0 | €30 | +€30 | +147650.0% |
| Recurring financial income | 75 | €0 | €30 | +€30 | +147650.0% |
| Financial charges | 65/66B | €1,764 | €2,847 | +€1,083 | +61.4% |
| Recurring financial charges | 65 | €1,764 | €2,847 | +€1,083 | +61.4% |
| Profit (loss) for the period before taxes | 9903 | €105,988 | €106,899 | +€910 | +0.9% |
| Income taxes | 67/77 | €22,473 | €22,723 | +€250 | +1.1% |
| Profit (loss) for the period | 9904 | €83,515 | €84,176 | +€660 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,515 | €84,176 | +€660 | +0.8% |
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 11 October 2026 via checked.be.