BTTR: 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.
BTTR
Largest movements
- Tangible fixed assets +€31,010
up €31,010 (+311%), from €9,977 to €40,986
- Receivables within one year -€28,450
down €28,450 (-90.6%), from €31,418 to €2,968
of which Trade receivables: -€27,992
- Cash -€24,573
down €24,573 (-24.3%), from €101,129 to €76,556
mainly Contributions, distributions and other (-€59,087) and Investment in fixed assets (net) (-€37,465)
- Reserves -€37,906
down €37,906 (-64.2%), from €59,087 to €21,181
- Other debts +€25,742
up €25,742 (+44.8%), from €57,438 to €83,180
- Tax, wage and social debts -€9,525
down €9,525 (-44.1%), from €21,598 to €12,073
of which Taxes: -€9,534
- Gross operating margin -€8,595
down €8,595 (-19.7%), from €43,594 to €34,999
- Taxes -€989
down €989 (-13.2%), from €7,491 to €6,502
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 | €142,712 | €121,221 | -€21,491 | -15.1% |
| Fixed assets | 21/28 | €9,977 | €40,986 | +€31,010 | +311% |
| Tangible fixed assets | 22/27 | €9,977 | €40,986 | +€31,010 | +311% |
| Furniture and vehicles | 24 | €9,977 | €40,986 | +€31,010 | +311% |
| Current assets | 29/58 | €132,735 | €80,234 | -€52,500 | -39.6% |
| Amounts receivable within one year | 40/41 | €31,418 | €2,968 | -€28,450 | -90.6% |
| Trade receivables | 40 | €30,855 | €2,863 | -€27,992 | -90.7% |
| Other amounts receivable | 41 | €563 | €104 | -€459 | -81.5% |
| Cash at bank and in hand | 54/58 | €101,129 | €76,556 | -€24,573 | -24.3% |
| Deferred charges and accrued income | 490/1 | €188 | €711 | +€523 | +279% |
| Total equity and liabilities | 10/49 | €142,712 | €121,221 | -€21,491 | -15.1% |
| Equity | 10/15 | €61,587 | €23,681 | -€37,906 | -61.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €59,087 | €21,181 | -€37,906 | -64.2% |
| Distributable reserves | 133 | €59,087 | €21,181 | -€37,906 | -64.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €81,125 | €97,540 | +€16,415 | +20.2% |
| Amounts payable within one year | 42/48 | €81,125 | €97,540 | +€16,415 | +20.2% |
| Trade debts | 44 | €2,088 | €2,287 | +€198 | +9.5% |
| Suppliers | 440/4 | €2,088 | €2,287 | +€198 | +9.5% |
| Taxes, remuneration and social security | 45 | €21,598 | €12,073 | -€9,525 | -44.1% |
| Taxes | 450/3 | €19,509 | €9,974 | -€9,534 | -48.9% |
| Remuneration and social security | 454/9 | €2,089 | €2,098 | +€9 | +0.4% |
| Other amounts payable | 47/48 | €57,438 | €83,180 | +€25,742 | +44.8% |
| Non-recurring operating income | 76A | - | €7,379 | +€7,379 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,756 | €6,456 | -€300 | -4.4% |
| Other operating charges | 640/8 | €714 | €703 | -€11 | -1.5% |
| Gross operating margin | 9900 | €43,594 | €34,999 | -€8,595 | -19.7% |
| Operating profit (loss) | 9901 | €36,123 | €27,840 | -€8,283 | -22.9% |
| Financial charges | 65/66B | €133 | €157 | +€24 | +18.0% |
| Recurring financial charges | 65 | €133 | €157 | +€24 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €35,990 | €27,683 | -€8,307 | -23.1% |
| Income taxes | 67/77 | €7,491 | €6,502 | -€989 | -13.2% |
| Profit (loss) for the period | 9904 | €28,499 | €21,181 | -€7,318 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,499 | €21,181 | -€7,318 | -25.7% |
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 26 October 2026 via checked.be.