BTtec: 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.
BTtec
Largest movements
- Cash +€38,718
up €38,718 (+114%), from €34,101 to €72,818
mainly Net result for the year (+€47,393) and Depreciation (+€4,573)
- Tangible fixed assets +€4,474
up €4,474 (+49.8%), from €8,981 to €13,455
of which Furniture and vehicles: +€4,359
- Profit (loss) carried forward +€46,560
up €46,560 (+84,933%), from €55 to €46,615
- Trade debts -€3,654
down €3,654 (-82.6%), from €4,425 to €771
- Tax, wage and social debts +€1,480
up €1,480 (+11.8%), from €12,525 to €14,005
- Gross operating margin +€14,418
up €14,418 (+27.5%), from €52,465 to €66,883
- Depreciation +€3,727
up €3,727 (+440%), from €846 to €4,573
- Taxes -€1,601
down €1,601 (-11.4%), from €14,035 to €12,434
- Financial charges +€1,313
up €1,313 (+112%), from €1,170 to €2,483
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 | €57,547 | €100,935 | +€43,388 | +75.4% |
| Fixed assets | 21/28 | €8,981 | €13,455 | +€4,474 | +49.8% |
| Tangible fixed assets | 22/27 | €8,981 | €13,455 | +€4,474 | +49.8% |
| Furniture and vehicles | 24 | €3,655 | €8,014 | +€4,359 | +119% |
| Other tangible fixed assets | 26 | €5,326 | €5,441 | +€115 | +2.2% |
| Current assets | 29/58 | €48,566 | €87,480 | +€38,914 | +80.1% |
| Amounts receivable within one year | 40/41 | €14,088 | €14,272 | +€184 | +1.3% |
| Trade receivables | 40 | €14,088 | €14,272 | +€184 | +1.3% |
| Cash at bank and in hand | 54/58 | €34,101 | €72,818 | +€38,718 | +114% |
| Deferred charges and accrued income | 490/1 | €377 | €390 | +€12 | +3.2% |
| Total equity and liabilities | 10/49 | €57,547 | €100,935 | +€43,388 | +75.4% |
| Equity | 10/15 | €38,555 | €85,115 | +€46,560 | +121% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €35,500 | €35,500 | = | 0.0% |
| Distributable reserves | 133 | €35,500 | €35,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55 | €46,615 | +€46,560 | +84,933% |
| Amounts payable | 17/49 | €18,992 | €15,819 | -€3,173 | -16.7% |
| Amounts payable within one year | 42/48 | €18,992 | €15,819 | -€3,173 | -16.7% |
| Trade debts | 44 | €4,425 | €771 | -€3,654 | -82.6% |
| Suppliers | 440/4 | €4,425 | €771 | -€3,654 | -82.6% |
| Taxes, remuneration and social security | 45 | €12,525 | €14,005 | +€1,480 | +11.8% |
| Taxes | 450/3 | €12,525 | €14,005 | +€1,480 | +11.8% |
| Other amounts payable | 47/48 | €2,042 | €1,043 | -€999 | -48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €846 | €4,573 | +€3,727 | +440% |
| Gross operating margin | 9900 | €52,465 | €66,883 | +€14,418 | +27.5% |
| Operating profit (loss) | 9901 | €51,619 | €62,310 | +€10,691 | +20.7% |
| Financial charges | 65/66B | €1,170 | €2,483 | +€1,313 | +112% |
| Recurring financial charges | 65 | €1,170 | €2,483 | +€1,313 | +112% |
| Profit (loss) for the period before taxes | 9903 | €50,449 | €59,827 | +€9,378 | +18.6% |
| Income taxes | 67/77 | €14,035 | €12,434 | -€1,601 | -11.4% |
| Profit (loss) for the period | 9904 | €36,414 | €47,393 | +€10,980 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,414 | €47,393 | +€10,980 | +30.2% |
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 19 October 2026 via checked.be.