BTS GROUP: 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 GROUP
Largest movements
- Receivables within one year +€88,569
up €88,569 (+125%), from €70,827 to €159,396
of which Trade receivables: +€115,274
- Tangible fixed assets +€14,491
up €14,491 (+15.3%), from €94,459 to €108,950
of which Furniture and vehicles: +€17,058
- Trade debts +€111,255
up €111,255 (+225%), from €49,475 to €160,730
- Tax, wage and social debts -€18,425
down €18,425 (-42.0%), from €43,828 to €25,403
- Other debts +€6,540
up €6,540 (+329%), from €1,991 to €8,531
- Profit (loss) carried forward +€6,409
up €6,409 (+13.9%), from €46,246 to €52,655
- Current portion of long-term debt -€2,720
down €2,720 (-47.0%), from €5,784 to €3,065
- Turnover +€509,244
new in 2025: €509,244
- Purchases and services +€409,380
new in 2025: €409,380
- Gross operating margin +€31,103
up €31,103 (+40.7%), from €76,411 to €107,513
- Taxes +€13,314
up €13,314 (+72.2%), from €18,429 to €31,743
- Staff costs +€6,119
up €6,119 (+227%), from €2,697 to €8,816
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 | €165,924 | €268,984 | +€103,060 | +62.1% |
| Fixed assets | 21/28 | €95,097 | €109,588 | +€14,491 | +15.2% |
| Tangible fixed assets | 22/27 | €94,459 | €108,950 | +€14,491 | +15.3% |
| Land and buildings | 22 | €89,486 | €86,759 | -€2,727 | -3.0% |
| Plant, machinery and equipment | 23 | €574 | €733 | +€159 | +27.8% |
| Furniture and vehicles | 24 | €4,399 | €21,458 | +€17,058 | +388% |
| Financial fixed assets | 28 | €638 | €638 | = | 0.0% |
| Current assets | 29/58 | €70,827 | €159,396 | +€88,569 | +125% |
| Amounts receivable within one year | 40/41 | €70,827 | €159,396 | +€88,569 | +125% |
| Trade receivables | 40 | €42,371 | €157,645 | +€115,274 | +272% |
| Other amounts receivable | 41 | €28,456 | €1,751 | -€26,705 | -93.8% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €165,924 | €268,984 | +€103,060 | +62.1% |
| Equity | 10/15 | €64,846 | €71,255 | +€6,409 | +9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,246 | €52,655 | +€6,409 | +13.9% |
| Amounts payable | 17/49 | €101,077 | €197,728 | +€96,651 | +95.6% |
| Amounts payable within one year | 42/48 | €101,077 | €197,728 | +€96,651 | +95.6% |
| Current portion of amounts payable after more than one year | 42 | €5,784 | €3,065 | -€2,720 | -47.0% |
| Trade debts | 44 | €49,475 | €160,730 | +€111,255 | +225% |
| Suppliers | 440/4 | €49,475 | €160,730 | +€111,255 | +225% |
| Taxes, remuneration and social security | 45 | €43,828 | €25,403 | -€18,425 | -42.0% |
| Taxes | 450/3 | €43,828 | €25,403 | -€18,425 | -42.0% |
| Other amounts payable | 47/48 | €1,991 | €8,531 | +€6,540 | +329% |
| Turnover | 70 | - | €509,244 | +€509,244 | |
| Non-recurring operating income | 76A | €1,184 | €7,650 | +€6,466 | +546% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €409,380 | +€409,380 | |
| Remuneration, social security and pensions | 62 | €2,697 | €8,816 | +€6,119 | +227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,636 | €8,331 | +€5,695 | +216% |
| Other operating charges | 640/8 | €1,960 | €1,709 | -€251 | -12.8% |
| Non-recurring operating charges | 66A | -€400 | - | +€400 | |
| Gross operating margin | 9900 | €76,411 | €107,513 | +€31,103 | +40.7% |
| Operating profit (loss) | 9901 | €69,518 | €88,657 | +€19,139 | +27.5% |
| Financial income | 75/76B | €1 | €0 | -€0 | -57.5% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -57.5% |
| Financial charges | 65/66B | €852 | €2,367 | +€1,516 | +178% |
| Recurring financial charges | 65 | €852 | €2,367 | +€1,516 | +178% |
| Profit (loss) for the period before taxes | 9903 | €68,667 | €86,290 | +€17,623 | +25.7% |
| Income taxes | 67/77 | €18,429 | €31,743 | +€13,314 | +72.2% |
| Profit (loss) for the period | 9904 | €50,237 | €54,546 | +€4,309 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,237 | €54,546 | +€4,309 | +8.6% |
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 18 October 2026 via checked.be.