BTS: 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.
BTS
Largest movements
- Cash -€733
down €733 (-82.0%), from €894 to €161
mainly Net result for the year (-€732) and Smaller working-capital items (-€1)
- Profit (loss) carried forward -€732
down €732 (-4.2%), from -€17,483 to -€18,215
- Purchases and services -€1,351
down €1,351 (-77.7%), from €1,738 to €387
- Gross operating margin +€695
up €695 (+64.2%), from -€1,082 to -€387
- Turnover -€655
no longer reported in 2025 (was €655)
- Financial charges -€472
down €472 (-57.8%), from €817 to €345
- Other operating charges -€227
no longer reported in 2025 (was €227)
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 | €1,303 | €570 | -€733 | -56.2% |
| Current assets | 29/58 | €1,303 | €570 | -€733 | -56.2% |
| Amounts receivable within one year | 40/41 | €409 | €409 | +€0 | +0.1% |
| Trade receivables | 40 | €259 | €259 | +€0 | +0.1% |
| Other amounts receivable | 41 | €150 | €150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €894 | €161 | -€733 | -82.0% |
| Total equity and liabilities | 10/49 | €1,303 | €570 | -€733 | -56.2% |
| Equity | 10/15 | €1,117 | €385 | -€732 | -65.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,483 | -€18,215 | -€732 | -4.2% |
| Amounts payable | 17/49 | €185 | €185 | -€0 | -0.3% |
| Amounts payable within one year | 42/48 | €185 | €185 | -€0 | -0.3% |
| Trade debts | 44 | €185 | €185 | -€0 | -0.3% |
| Suppliers | 440/4 | €185 | €185 | -€0 | -0.3% |
| Turnover | 70 | €655 | - | -€655 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,738 | €387 | -€1,351 | -77.7% |
| Other operating charges | 640/8 | €227 | - | -€227 | |
| Gross operating margin | 9900 | -€1,082 | -€387 | +€695 | +64.2% |
| Operating profit (loss) | 9901 | -€1,309 | -€387 | +€922 | +70.4% |
| Financial charges | 65/66B | €817 | €345 | -€472 | -57.8% |
| Recurring financial charges | 65 | €817 | €345 | -€472 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,126 | -€732 | +€1,394 | +65.6% |
| Profit (loss) for the period | 9904 | -€2,126 | -€732 | +€1,394 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,126 | -€732 | +€1,394 | +65.6% |
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 29 September 2026 via checked.be.