BTV Consulting: 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.
BTV Consulting
Largest movements
- Stocks and contracts -€56,897
down €56,897 (-66.5%), from €85,538 to €28,641
- Receivables within one year -€18,488
down €18,488 (-13.3%), from €138,667 to €120,178
of which Trade receivables: -€94,097
- Cash +€10,141
up €10,141 (+64.9%), from €15,626 to €25,767
mainly Stocks and contracts (+€56,897) and Net result for the year (+€20,846)
- Tangible fixed assets +€6,171
up €6,171 (+219%), from €2,813 to €8,984
of which Land and buildings: +€4,345
- Deferred charges and accrued income -€5,931
down €5,931 (-26.7%), from €22,221 to €16,290
- Other debts -€68,154
down €68,154 (-53.6%), from €127,154 to €59,000
- Advances received +€10,000
new in 2024: €10,000
- Debts after one year -€8,527
down €8,527 (-34.1%), from €25,010 to €16,483
- Trade debts +€3,410
up €3,410 (+9.1%), from €37,328 to €40,738
- Tax, wage and social debts -€2,890
down €2,890 (-7.9%), from €36,660 to €33,770
of which Taxes: -€3,225
- Gross operating margin -€21,831
down €21,831 (-32.1%), from €67,948 to €46,117
- Write-downs -€14,000
no longer reported in 2024 (was €14,000)
- Taxes -€1,686
down €1,686 (-14.4%), from €11,699 to €10,012
- Other operating charges +€1,639
up €1,639 (+22.2%), from €7,389 to €9,028
- Depreciation +€825
up €825 (+186%), from €444 to €1,269
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,703 | €200,700 | -€65,004 | -24.5% |
| Fixed assets | 21/28 | €3,653 | €9,824 | +€6,171 | +169% |
| Tangible fixed assets | 22/27 | €2,813 | €8,984 | +€6,171 | +219% |
| Land and buildings | 22 | - | €4,345 | +€4,345 | |
| Furniture and vehicles | 24 | €2,813 | €4,639 | +€1,826 | +64.9% |
| Financial fixed assets | 28 | €840 | €840 | = | 0.0% |
| Current assets | 29/58 | €262,051 | €190,876 | -€71,175 | -27.2% |
| Stocks and contracts in progress | 3 | €85,538 | €28,641 | -€56,897 | -66.5% |
| Stocks | 30/36 | €85,538 | €28,641 | -€56,897 | -66.5% |
| Amounts receivable within one year | 40/41 | €138,667 | €120,178 | -€18,488 | -13.3% |
| Trade receivables | 40 | €120,382 | €26,285 | -€94,097 | -78.2% |
| Other amounts receivable | 41 | €18,285 | €93,893 | +€75,609 | +414% |
| Cash at bank and in hand | 54/58 | €15,626 | €25,767 | +€10,141 | +64.9% |
| Deferred charges and accrued income | 490/1 | €22,221 | €16,290 | -€5,931 | -26.7% |
| Total equity and liabilities | 10/49 | €265,703 | €200,700 | -€65,004 | -24.5% |
| Equity | 10/15 | €31,336 | €32,182 | +€846 | +2.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,336 | €28,182 | +€846 | +3.1% |
| Amounts payable | 17/49 | €234,367 | €168,518 | -€65,849 | -28.1% |
| Amounts payable after more than one year | 17 | €25,010 | €16,483 | -€8,527 | -34.1% |
| Financial debts | 170/4 | €25,010 | €16,483 | -€8,527 | -34.1% |
| Amounts payable within one year | 42/48 | €209,357 | €152,035 | -€57,322 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €8,216 | €8,527 | +€311 | +3.8% |
| Trade debts | 44 | €37,328 | €40,738 | +€3,410 | +9.1% |
| Suppliers | 440/4 | €37,328 | €40,738 | +€3,410 | +9.1% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €36,660 | €33,770 | -€2,890 | -7.9% |
| Taxes | 450/3 | €36,660 | €33,435 | -€3,225 | -8.8% |
| Remuneration and social security | 454/9 | - | €335 | +€335 | |
| Other amounts payable | 47/48 | €127,154 | €59,000 | -€68,154 | -53.6% |
| Remuneration, social security and pensions | 62 | €1,777 | €1,842 | +€65 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444 | €1,269 | +€825 | +186% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,000 | - | -€14,000 | |
| Other operating charges | 640/8 | €7,389 | €9,028 | +€1,639 | +22.2% |
| Gross operating margin | 9900 | €67,948 | €46,117 | -€21,831 | -32.1% |
| Operating profit (loss) | 9901 | €44,338 | €33,978 | -€10,360 | -23.4% |
| Financial income | 75/76B | €179 | €344 | +€165 | +92.0% |
| Recurring financial income | 75 | €179 | €344 | +€165 | +92.0% |
| Financial charges | 65/66B | €3,231 | €3,463 | +€232 | +7.2% |
| Recurring financial charges | 65 | €3,231 | €3,463 | +€232 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €41,286 | €30,858 | -€10,428 | -25.3% |
| Income taxes | 67/77 | €11,699 | €10,012 | -€1,686 | -14.4% |
| Profit (loss) for the period | 9904 | €29,587 | €20,846 | -€8,742 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,587 | €20,846 | -€8,742 | -29.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.