BTS JEWELS: 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 JEWELS
Largest movements
- Cash -€37,488
down €37,488 (-52.2%), from €71,800 to €34,312
mainly Debts after one year (-€37,352) and Other debts (-€12,208)
- Tangible fixed assets -€14,891
down €14,891 (-7.2%), from €207,002 to €192,111
- Receivables within one year +€8,651
up €8,651 (+17.0%), from €50,854 to €59,505
of which Other amounts receivable: +€16,020
- Intangible fixed assets -€6,024
down €6,024 (-37.6%), from €16,023 to €9,998
- Debts after one year -€37,352
down €37,352 (-54.9%), from €68,042 to €30,690
- Other debts -€12,208
down €12,208 (-40.5%), from €30,120 to €17,912
- Depreciation -€16,270
down €16,270 (-42.2%), from €38,541 to €22,271
- Gross operating margin +€944
up €944 (+3.1%), from €30,359 to €31,304
- Financial charges -€480
down €480 (-8.4%), from €5,739 to €5,259
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 | €376,945 | €326,626 | -€50,319 | -13.3% |
| Fixed assets | 21/28 | €223,024 | €202,109 | -€20,916 | -9.4% |
| Intangible fixed assets | 21 | €16,023 | €9,998 | -€6,024 | -37.6% |
| Tangible fixed assets | 22/27 | €207,002 | €192,111 | -€14,891 | -7.2% |
| Land and buildings | 22 | €1,503 | €1,294 | -€209 | -13.9% |
| Plant, machinery and equipment | 23 | €110,675 | €103,882 | -€6,793 | -6.1% |
| Furniture and vehicles | 24 | €7,171 | €4,428 | -€2,743 | -38.3% |
| Leasing and similar rights | 25 | €87,653 | €82,507 | -€5,146 | -5.9% |
| Current assets | 29/58 | €153,921 | €124,517 | -€29,404 | -19.1% |
| Stocks and contracts in progress | 3 | €28,327 | €27,428 | -€899 | -3.2% |
| Stocks | 30/36 | €28,327 | €27,428 | -€899 | -3.2% |
| Amounts receivable within one year | 40/41 | €50,854 | €59,505 | +€8,651 | +17.0% |
| Trade receivables | 40 | €28,233 | €20,864 | -€7,369 | -26.1% |
| Other amounts receivable | 41 | €22,620 | €38,641 | +€16,020 | +70.8% |
| Cash at bank and in hand | 54/58 | €71,800 | €34,312 | -€37,488 | -52.2% |
| Deferred charges and accrued income | 490/1 | €2,941 | €3,273 | +€332 | +11.3% |
| Total equity and liabilities | 10/49 | €376,945 | €326,626 | -€50,319 | -13.3% |
| Equity | 10/15 | €212,160 | €214,661 | +€2,501 | +1.2% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €207,482 | €207,482 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €194,982 | €194,982 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,321 | -€13,821 | +€2,501 | +15.3% |
| Amounts payable | 17/49 | €164,785 | €111,965 | -€52,820 | -32.1% |
| Amounts payable after more than one year | 17 | €68,042 | €30,690 | -€37,352 | -54.9% |
| Financial debts | 170/4 | €68,042 | €30,690 | -€37,352 | -54.9% |
| Amounts payable within one year | 42/48 | €96,452 | €81,275 | -€15,177 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €46,615 | €46,352 | -€263 | -0.6% |
| Trade debts | 44 | €14,548 | €12,961 | -€1,586 | -10.9% |
| Suppliers | 440/4 | €14,548 | €12,961 | -€1,586 | -10.9% |
| Taxes, remuneration and social security | 45 | €5,170 | €4,050 | -€1,120 | -21.7% |
| Taxes | 450/3 | €5,170 | €4,050 | -€1,120 | -21.7% |
| Other amounts payable | 47/48 | €30,120 | €17,912 | -€12,208 | -40.5% |
| Accrued charges and deferred income | 492/3 | €291 | €0 | -€291 | -100% |
| Non-recurring operating income | 76A | - | €1,355 | +€1,355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,541 | €22,271 | -€16,270 | -42.2% |
| Other operating charges | 640/8 | €1,261 | €1,208 | -€54 | -4.3% |
| Non-recurring operating charges | 66A | €1,003 | €0 | -€1,003 | -100% |
| Gross operating margin | 9900 | €30,359 | €31,304 | +€944 | +3.1% |
| Operating profit (loss) | 9901 | -€10,446 | €7,826 | +€18,272 | |
| Financial income | 75/76B | €131 | €183 | +€52 | +39.8% |
| Recurring financial income | 75 | €131 | €183 | +€52 | +39.8% |
| Financial charges | 65/66B | €5,739 | €5,259 | -€480 | -8.4% |
| Recurring financial charges | 65 | €5,739 | €5,259 | -€480 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,054 | €2,749 | +€18,804 | |
| Income taxes | 67/77 | €267 | €249 | -€19 | -7.0% |
| Profit (loss) for the period | 9904 | -€16,321 | €2,501 | +€18,822 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,321 | €2,501 | +€18,822 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.