BTRFLY: 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.
BTRFLY
Largest movements
- Cash +€49,040
up €49,040 (+80.6%), from €60,813 to €109,853
mainly Net result for the year (+€244,387) and Current portion of long-term debt (+€8,065)
- Profit (loss) carried forward +€244,387
up €244,387 (+109%), from €224,902 to €469,289
- Debts after one year -€181,212
down €181,212 (-15.4%), from €1.2m to €997,719
- Financial charges -€53,952
down €53,952 (-47.9%), from €112,645 to €58,693
- Gross operating margin -€34,745
down €34,745 (-35.3%), from €98,369 to €63,624
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 | €2,106,225 | €2,169,244 | +€63,018 | +3.0% |
| Fixed assets | 21/28 | €2,042,980 | €2,056,546 | +€13,566 | +0.7% |
| Financial fixed assets | 28 | €2,042,980 | €2,056,546 | +€13,566 | +0.7% |
| Current assets | 29/58 | €63,245 | €112,698 | +€49,453 | +78.2% |
| Cash at bank and in hand | 54/58 | €60,813 | €109,853 | +€49,040 | +80.6% |
| Deferred charges and accrued income | 490/1 | €2,432 | €2,845 | +€413 | +17.0% |
| Total equity and liabilities | 10/49 | €2,106,225 | €2,169,244 | +€63,018 | +3.0% |
| Equity | 10/15 | €624,902 | €869,289 | +€244,387 | +39.1% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €224,902 | €469,289 | +€244,387 | +109% |
| Amounts payable | 17/49 | €1,481,323 | €1,299,955 | -€181,368 | -12.2% |
| Amounts payable after more than one year | 17 | €1,178,931 | €997,719 | -€181,212 | -15.4% |
| Financial debts | 170/4 | €1,178,931 | €997,719 | -€181,212 | -15.4% |
| Amounts payable within one year | 42/48 | €294,185 | €290,641 | -€3,544 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €187,907 | €195,972 | +€8,065 | +4.3% |
| Trade debts | 44 | €93,189 | €91,684 | -€1,504 | -1.6% |
| Suppliers | 440/4 | €93,189 | €91,684 | -€1,504 | -1.6% |
| Taxes, remuneration and social security | 45 | €2,723 | €2,984 | +€261 | +9.6% |
| Taxes | 450/3 | €2,723 | €2,984 | +€261 | +9.6% |
| Other amounts payable | 47/48 | €10,366 | - | -€10,366 | |
| Accrued charges and deferred income | 492/3 | €8,208 | €11,595 | +€3,388 | +41.3% |
| Other operating charges | 640/8 | €822 | €544 | -€278 | -33.8% |
| Gross operating margin | 9900 | €98,369 | €63,624 | -€34,745 | -35.3% |
| Operating profit (loss) | 9901 | €97,547 | €63,080 | -€34,467 | -35.3% |
| Financial income | 75/76B | €240,000 | €240,000 | = | 0.0% |
| Recurring financial income | 75 | €240,000 | €240,000 | = | 0.0% |
| Financial charges | 65/66B | €112,645 | €58,693 | -€53,952 | -47.9% |
| Recurring financial charges | 65 | €112,645 | €58,693 | -€53,952 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €224,902 | €244,387 | +€19,485 | +8.7% |
| Profit (loss) for the period | 9904 | €224,902 | €244,387 | +€19,485 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €224,902 | €244,387 | +€19,485 | +8.7% |
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 21 October 2026 via checked.be.