BTS Consult: 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.
BTS Consult
Largest movements
- Cash -€50,870
down €50,870 (-18.5%), from €274,955 to €224,084
mainly Net result for the year (-€56,160) and Receivables within one year (-€19,907)
- Receivables within one year +€19,907
up €19,907 (+99.0%), from €20,112 to €40,019
of which Trade receivables: +€20,346
- Tangible fixed assets -€18,972
down €18,972 (-59.0%), from €32,159 to €13,187
of which Furniture and vehicles: -€18,083
- Reserves -€56,160
down €56,160 (-25.3%), from €222,352 to €166,192
- Other debts +€5,867
up €5,867 (+5.8%), from €100,996 to €106,863
- Gross operating margin -€2,425
down €2,425 (-7.2%), from -€33,717 to -€36,142
- Financial income +€1,479
up €1,479 (+890%), from €166 to €1,645
- Depreciation -€789
down €789 (-3.7%), from €21,191 to €20,401
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 | €329,654 | €281,192 | -€48,462 | -14.7% |
| Fixed assets | 21/28 | €32,159 | €13,187 | -€18,972 | -59.0% |
| Tangible fixed assets | 22/27 | €32,159 | €13,187 | -€18,972 | -59.0% |
| Land and buildings | 22 | €4,768 | €3,879 | -€889 | -18.7% |
| Furniture and vehicles | 24 | €27,391 | €9,308 | -€18,083 | -66.0% |
| Current assets | 29/58 | €297,495 | €268,005 | -€29,490 | -9.9% |
| Amounts receivable within one year | 40/41 | €20,112 | €40,019 | +€19,907 | +99.0% |
| Trade receivables | 40 | €0 | €20,346 | +€20,346 | |
| Other amounts receivable | 41 | €20,112 | €19,672 | -€439 | -2.2% |
| Cash at bank and in hand | 54/58 | €274,955 | €224,084 | -€50,870 | -18.5% |
| Deferred charges and accrued income | 490/1 | €2,429 | €3,903 | +€1,474 | +60.7% |
| Total equity and liabilities | 10/49 | €329,654 | €281,192 | -€48,462 | -14.7% |
| Equity | 10/15 | €228,352 | €172,192 | -€56,160 | -24.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €222,352 | €166,192 | -€56,160 | -25.3% |
| Distributable reserves | 133 | €222,352 | €166,192 | -€56,160 | -25.3% |
| Amounts payable | 17/49 | €101,302 | €109,000 | +€7,698 | +7.6% |
| Amounts payable within one year | 42/48 | €101,253 | €109,000 | +€7,747 | +7.7% |
| Trade debts | 44 | €257 | €30 | -€227 | -88.2% |
| Suppliers | 440/4 | €257 | €30 | -€227 | -88.2% |
| Taxes, remuneration and social security | 45 | €0 | €2,107 | +€2,107 | |
| Taxes | 450/3 | €0 | €2,107 | +€2,107 | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €100,996 | €106,863 | +€5,867 | +5.8% |
| Accrued charges and deferred income | 492/3 | €50 | €0 | -€50 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,191 | €20,401 | -€789 | -3.7% |
| Other operating charges | 640/8 | €580 | €644 | +€64 | +11.0% |
| Gross operating margin | 9900 | -€33,717 | -€36,142 | -€2,425 | -7.2% |
| Operating profit (loss) | 9901 | -€55,488 | -€57,187 | -€1,699 | -3.1% |
| Financial income | 75/76B | €166 | €1,645 | +€1,479 | +890% |
| Recurring financial income | 75 | €166 | €1,645 | +€1,479 | +890% |
| Financial charges | 65/66B | €125 | €149 | +€24 | +19.3% |
| Recurring financial charges | 65 | €125 | €149 | +€24 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | -€55,447 | -€55,691 | -€244 | -0.4% |
| Income taxes | 67/77 | €408 | €469 | +€61 | +15.1% |
| Profit (loss) for the period | 9904 | -€55,854 | -€56,160 | -€305 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,854 | -€56,160 | -€305 | -0.5% |
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 17 October 2026 via checked.be.