BTT: 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.
What changed
BTT
NACE 13.910, Manufacture of textiles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.5m
2024 · -€4.4m+€6.9m
Equity
€13.6m
2024 · €5.2m+€8.4m
Cash
€1.8m
2024 · €111,898+€1.7m
Balance sheet total
€20.4m
2024 · €19.7m+€723,707
Largest movements
Assets
- Financial fixed assets +€5.1m
up €5.1m (+949182.6%), from €535 to €5.1m
of which Affiliated companies: +€5.0m
- Tangible fixed assets -€2.4m
down €2.4m (-51.2%), from €4.8m to €2.3m
of which Land and buildings: -€1.6m
- Receivables within one year -€2.3m
down €2.3m (-53.6%), from €4.2m to €2.0m
of which Trade receivables: -€3.7m
- Cash +€1.7m
up €1.7m (+1536.1%), from €111,898 to €1.8m
mainly Contributions, distributions and other (+€5.9m) and Net result for the year (+€2.5m)
- Stocks and contracts -€1.5m
down €1.5m (-13.9%), from €10.4m to €9.0m
Equity and liabilities
- Profit (loss) carried forward +€16.9m
up €16.9m, from -€14.4m to €2.5m
- Contributions -€8.4m
down €8.4m (-46.7%), from €18.1m to €9.7m
of which Capital: -€8.4m
- Short-term financial debts -€7.0m
no longer reported in 2025 (was €7.0m)
of which Credit institutions: -€5.1m
- Current portion of long-term debt -€1.2m
down €1.2m (-84.1%), from €1.4m to €222,003
- Debts after one year -€776,155
down €776,155 (-43.1%), from €1.8m to €1.0m
Income statement
- Turnover -€3.4m
down €3.4m (-11.0%), from €30.9m to €27.5m
- Goods and materials -€1.8m
down €1.8m (-12.9%), from €13.8m to €12.1m
of which Purchases: -€3.0m
- Write-downs -€1.3m
down €1.3m, from €448,224 to -€817,031
- Other operating income +€1.1m
up €1.1m (+78.5%), from €1.4m to €2.5m
- Staff costs -€718,221
down €718,221 (-6.5%), from €11.0m to €10.3m
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.
Result 2024
-€4.4m
Turnover
-€3.4m
Other operating income
+€1.1m
Goods and materials
+€1.8m
Services and other goods
+€532,280
Staff costs
+€718,221
Depreciation
+€345,446
Write-downs
+€1.3m
Other operating charges
-€19,894
Other operating items
+€4.6m
Financial income
-€40,127
Financial charges
+€168,928
Taxes
-€144,128
Result 2025
€2.5m
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.
From operations
+€8.7m
Investment
-€4.0m
Financing
-€3.0m
Cash 2024
€111,898
From operations (derived)
+€8.7m
Net result for the year
+€2.5m
Depreciation
+€1.4m
Stocks and contracts
+€1.5m
Receivables within one year
+€2.3m
Deferred charges and accrued income
-€116,785
Trade debts
-€245,289
Tax, wage and social debts
+€420,406
Other debts
+€369,098
Accrued charges and deferred income
+€718,624
Investment (derived)
-€4.0m
Investment in fixed assets (net)
-€4.0m
Financing
-€3.0m
Debts after one year
-€776,155
Current portion of long-term debt
-€1.2m
Short-term financial debts
-€7.0m
Contributions, distributions and other
+€5.9m
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,653,003 | €20,376,710 | +€723,707 | +3.7% |
| Fixed assets | 21/28 | €4,899,660 | €7,494,192 | +€2.6m | +53.0% |
| Intangible fixed assets | 21 | €135,965 | €89,485 | -€46,480 | -34.2% |
| Tangible fixed assets | 22/27 | €4,763,160 | €2,326,045 | -€2.4m | -51.2% |
| Land and buildings | 22 | €1,649,669 | €0 | -€1.6m | -100.0% |
| Plant, machinery and equipment | 23 | €2,955,805 | €1,829,171 | -€1.1m | -38.1% |
| Furniture and vehicles | 24 | €131,521 | €107,482 | -€24,039 | -18.3% |
| Assets under construction and advance payments | 27 | €26,165 | €389,392 | +€363,227 | +1388.2% |
| Financial fixed assets | 28 | €535 | €5,078,662 | +€5.1m | +949182.6% |
| Affiliated companies | 280/1 | - | €5,000,000 | +€5.0m | |
| Amounts receivable | 281 | - | €5,000,000 | +€5.0m | |
| Other financial fixed assets | 284/8 | €535 | €78,662 | +€78,127 | +14603.2% |
| Amounts receivable and cash guarantees | 285/8 | €535 | €78,662 | +€78,127 | +14603.2% |
| Current assets | 29/58 | €14,753,343 | €12,882,518 | -€1.9m | -12.7% |
| Stocks and contracts in progress | 3 | €10,420,782 | €8,969,700 | -€1.5m | -13.9% |
| Stocks | 30/36 | €10,420,782 | €8,969,700 | -€1.5m | -13.9% |
| Raw materials and consumables | 30/31 | €2,136,765 | €1,012,978 | -€1.1m | -52.6% |
| Finished goods | 33 | €7,784,307 | €7,376,563 | -€407,744 | -5.2% |
| Goods purchased for resale | 34 | €499,710 | €580,159 | +€80,449 | +16.1% |
| Amounts receivable within one year | 40/41 | €4,206,323 | €1,950,947 | -€2.3m | -53.6% |
| Trade receivables | 40 | €4,204,097 | €522,156 | -€3.7m | -87.6% |
| Other amounts receivable | 41 | €2,225 | €1,428,791 | +€1.4m | +64109.8% |
| Cash at bank and in hand | 54/58 | €111,898 | €1,830,746 | +€1.7m | +1536.1% |
| Deferred charges and accrued income | 490/1 | €14,340 | €131,125 | +€116,785 | +814.4% |
| Total equity and liabilities | 10/49 | €19,653,003 | €20,376,710 | +€723,707 | +3.7% |
| Equity | 10/15 | €5,194,326 | €13,596,724 | +€8.4m | +161.8% |
| Contributions | 10/11 | €18,108,008 | €9,659,982 | -€8.4m | -46.7% |
| Capital | 10 | €15,629,073 | €7,181,047 | -€8.4m | -54.1% |
| Issued capital | 100 | €15,629,073 | €7,181,047 | -€8.4m | -54.1% |
| Outside capital | 11 | €2,478,935 | €2,478,935 | -€0 | 0.0% |
| Share premium | 1100/10 | €2,478,935 | €2,478,935 | -€0 | 0.0% |
| Reserves | 13 | €1,462,345 | €1,462,345 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,365,779 | €1,365,778 | -€1 | 0.0% |
| Legal reserve | 130 | €1,365,779 | €1,365,778 | -€1 | 0.0% |
| Tax-exempt reserves | 132 | €33,714 | €33,714 | +€0 | 0.0% |
| Distributable reserves | 133 | €62,853 | €62,853 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€14,376,027 | €2,474,397 | +€16.9m | |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €14,458,677 | €6,779,986 | -€7.7m | -53.1% |
| Amounts payable after more than one year | 17 | €1,800,000 | €1,023,845 | -€776,155 | -43.1% |
| Financial debts | 170/4 | €1,800,000 | €1,023,845 | -€776,155 | -43.1% |
| Subordinated loans | 170 | - | €1,000,000 | +€1.0m | |
| Credit institutions | 173 | €1,800,000 | €23,845 | -€1.8m | -98.7% |
| Amounts payable within one year | 42/48 | €12,594,869 | €4,973,709 | -€7.6m | -60.5% |
| Current portion of amounts payable after more than one year | 42 | €1,400,000 | €222,003 | -€1.2m | -84.1% |
| Financial debts | 43 | €6,987,378 | - | -€7.0m | |
| Credit institutions | 430/8 | €5,070,983 | - | -€5.1m | |
| Other loans | 439 | €1,916,394 | - | -€1.9m | |
| Trade debts | 44 | €2,617,257 | €2,371,968 | -€245,289 | -9.4% |
| Suppliers | 440/4 | €2,617,257 | €2,371,968 | -€245,289 | -9.4% |
| Taxes, remuneration and social security | 45 | €1,589,609 | €2,010,015 | +€420,406 | +26.4% |
| Taxes | 450/3 | €109,080 | €650,416 | +€541,336 | +496.3% |
| Remuneration and social security | 454/9 | €1,480,529 | €1,359,599 | -€120,930 | -8.2% |
| Other amounts payable | 47/48 | €625 | €369,723 | +€369,098 | +59098.3% |
| Accrued charges and deferred income | 492/3 | €63,808 | €782,432 | +€718,624 | +1126.2% |
| Operating income | 70/76A | €32,256,568 | €34,989,086 | +€2.7m | +8.5% |
| Turnover | 70 | €30,880,330 | €27,475,394 | -€3.4m | -11.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€27,432 | -€1,155,176 | -€1.1m | -4111.0% |
| Other operating income | 74 | €1,391,538 | €2,483,427 | +€1.1m | +78.5% |
| Non-recurring operating income | 76A | €12,133 | €6,185,441 | +€6.2m | +50879.2% |
| Operating charges | 60/66A | €36,193,133 | €32,017,542 | -€4.2m | -11.5% |
| Goods for resale, raw materials and consumables | 60 | €13,846,365 | €12,055,821 | -€1.8m | -12.9% |
| Purchases | 600/8 | €14,062,040 | €11,012,482 | -€3.0m | -21.7% |
| Change in stocks: decrease (increase) | 609 | -€215,676 | €1,043,339 | +€1.3m | |
| Services and other goods | 61 | €8,396,065 | €7,863,785 | -€532,280 | -6.3% |
| Remuneration, social security and pensions | 62 | €11,038,862 | €10,320,641 | -€718,221 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,716,714 | €1,371,268 | -€345,446 | -20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €448,224 | -€817,031 | -€1.3m | |
| Other operating charges | 640/8 | €746,904 | €766,798 | +€19,894 | +2.7% |
| Non-recurring operating charges | 66A | €0 | €456,260 | +€456,260 | |
| Operating profit (loss) | 9901 | -€3,936,565 | €2,971,544 | +€6.9m | |
| Financial income | 75/76B | €216,347 | €176,220 | -€40,127 | -18.5% |
| Recurring financial income | 75 | €216,347 | €176,220 | -€40,127 | -18.5% |
| Income from current assets | 751 | €10,504 | €79,498 | +€68,994 | +656.9% |
| Other financial income | 752/9 | €205,843 | €96,722 | -€109,121 | -53.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €692,819 | €523,891 | -€168,928 | -24.4% |
| Recurring financial charges | 65 | €692,819 | €523,891 | -€168,928 | -24.4% |
| Debt charges | 650 | €444,544 | €246,688 | -€197,856 | -44.5% |
| Other financial charges | 652/9 | €248,276 | €277,203 | +€28,927 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,413,037 | €2,623,873 | +€7.0m | |
| Income taxes | 67/77 | €5,348 | €149,476 | +€144,128 | +2695.1% |
| Taxes | 670/3 | €5,348 | €149,476 | +€144,128 | +2695.1% |
| Profit (loss) for the period | 9904 | -€4,418,385 | €2,474,397 | +€6.9m | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,418,385 | €2,474,397 | +€6.9m |
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 8 October 2026 via checked.be.