BTRIC: 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.
BTRIC
Largest movements
- Receivables within one year +€35,405
up €35,405 (+184.1%), from €19,235 to €54,640
of which Trade receivables: +€38,351
- Tangible fixed assets -€5,585
down €5,585 (-25.9%), from €21,525 to €15,940
of which Furniture and vehicles: -€4,963
- Cash -€2,013
down €2,013 (-16.2%), from €12,460 to €10,447
mainly Receivables within one year (-€35,405) and Other debts (-€16,131)
- Reserves +€23,560
up €23,560 (+255.9%), from €9,207 to €32,767
- Trade debts +€17,711
up €17,711 (+99.9%), from €17,729 to €35,440
- Other debts -€16,131
down €16,131 (-60.3%), from €26,773 to €10,642
- Tax, wage and social debts +€2,521
up €2,521 (+150.3%), from €1,678 to €4,199
- Gross operating margin -€11,115
down €11,115 (-21.4%), from €51,851 to €40,736
- Taxes +€6,843
up €6,843 (+407.9%), from €1,678 to €8,521
- Depreciation +€540
up €540 (+10.7%), from €5,045 to €5,585
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 | €61,587 | €89,248 | +€27,662 | +44.9% |
| Fixed assets | 21/28 | €21,525 | €15,940 | -€5,585 | -25.9% |
| Tangible fixed assets | 22/27 | €21,525 | €15,940 | -€5,585 | -25.9% |
| Plant, machinery and equipment | 23 | €3,029 | €2,407 | -€622 | -20.5% |
| Furniture and vehicles | 24 | €18,496 | €13,533 | -€4,963 | -26.8% |
| Current assets | 29/58 | €40,062 | €73,309 | +€33,247 | +83.0% |
| Stocks and contracts in progress | 3 | €6,818 | €6,542 | -€275 | -4.0% |
| Stocks | 30/36 | €6,818 | €6,542 | -€275 | -4.0% |
| Amounts receivable within one year | 40/41 | €19,235 | €54,640 | +€35,405 | +184.1% |
| Trade receivables | 40 | €14,185 | €52,536 | +€38,351 | +270.4% |
| Other amounts receivable | 41 | €5,050 | €2,104 | -€2,946 | -58.3% |
| Cash at bank and in hand | 54/58 | €12,460 | €10,447 | -€2,013 | -16.2% |
| Deferred charges and accrued income | 490/1 | €1,550 | €1,680 | +€130 | +8.4% |
| Total equity and liabilities | 10/49 | €61,587 | €89,248 | +€27,662 | +44.9% |
| Equity | 10/15 | €15,407 | €38,967 | +€23,560 | +152.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,207 | €32,767 | +€23,560 | +255.9% |
| Distributable reserves | 133 | €9,207 | €32,767 | +€23,560 | +255.9% |
| Amounts payable | 17/49 | €46,180 | €50,281 | +€4,101 | +8.9% |
| Amounts payable within one year | 42/48 | €46,180 | €50,281 | +€4,101 | +8.9% |
| Trade debts | 44 | €17,729 | €35,440 | +€17,711 | +99.9% |
| Suppliers | 440/4 | €17,729 | €35,440 | +€17,711 | +99.9% |
| Taxes, remuneration and social security | 45 | €1,678 | €4,199 | +€2,521 | +150.3% |
| Taxes | 450/3 | €1,678 | €4,199 | +€2,521 | +150.3% |
| Other amounts payable | 47/48 | €26,773 | €10,642 | -€16,131 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,045 | €5,585 | +€540 | +10.7% |
| Other operating charges | 640/8 | €1,050 | €1,055 | +€5 | +0.5% |
| Gross operating margin | 9900 | €51,851 | €40,736 | -€11,115 | -21.4% |
| Operating profit (loss) | 9901 | €45,757 | €34,096 | -€11,661 | -25.5% |
| Financial income | 75/76B | €286 | €229 | -€57 | -19.8% |
| Recurring financial income | 75 | €286 | €229 | -€57 | -19.8% |
| Financial charges | 65/66B | €2,599 | €2,244 | -€355 | -13.7% |
| Recurring financial charges | 65 | €2,599 | €2,244 | -€355 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €43,443 | €32,081 | -€11,362 | -26.2% |
| Income taxes | 67/77 | €1,678 | €8,521 | +€6,843 | +407.9% |
| Profit (loss) for the period | 9904 | €41,765 | €23,560 | -€18,205 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,765 | €23,560 | -€18,205 | -43.6% |
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 9 October 2026 via checked.be.