BTX Consult: 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.
BTX Consult
Largest movements
- Receivables within one year +€62,889
up €62,889 (+164.1%), from €38,335 to €101,223
of which Other amounts receivable: +€37,116
- Tangible fixed assets +€33,026
up €33,026 (+3694.8%), from €894 to €33,920
- Cash -€6,700
down €6,700 (-39.7%), from €16,858 to €10,158
mainly Receivables within one year (-€62,889) and Investment in fixed assets (net) (-€39,785)
- Deferred charges and accrued income -€3,745
down €3,745 (-54.9%), from €6,827 to €3,081
- Reserves +€40,029
up €40,029 (+89.4%), from €44,756 to €84,785
- Current portion of long-term debt +€23,034
new in 2025: €23,034
- Debts after one year +€16,733
new in 2025: €16,733
- Trade debts +€9,238
up €9,238 (+4890.6%), from €189 to €9,427
- Tax, wage and social debts -€3,565
down €3,565 (-26.1%), from €13,668 to €10,104
- Depreciation +€6,332
up €6,332 (+1480.6%), from €428 to €6,759
- Financial charges +€3,612
up €3,612 (+151.2%), from €2,389 to €6,000
- Gross operating margin +€2,236
up €2,236 (+3.4%), from €66,574 to €68,810
- Taxes -€2,113
down €2,113 (-10.4%), from €20,286 to €18,173
- Financial income +€1,597
up €1,597 (+104.5%), from €1,528 to €3,125
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,913 | €148,383 | +€85,470 | +135.9% |
| Fixed assets | 21/28 | €894 | €33,920 | +€33,026 | +3694.8% |
| Tangible fixed assets | 22/27 | €894 | €33,920 | +€33,026 | +3694.8% |
| Furniture and vehicles | 24 | €894 | €33,920 | +€33,026 | +3694.8% |
| Current assets | 29/58 | €62,019 | €114,463 | +€52,444 | +84.6% |
| Amounts receivable within one year | 40/41 | €38,335 | €101,223 | +€62,889 | +164.1% |
| Trade receivables | 40 | - | €25,773 | +€25,773 | |
| Other amounts receivable | 41 | €38,335 | €75,450 | +€37,116 | +96.8% |
| Cash at bank and in hand | 54/58 | €16,858 | €10,158 | -€6,700 | -39.7% |
| Deferred charges and accrued income | 490/1 | €6,827 | €3,081 | -€3,745 | -54.9% |
| Total equity and liabilities | 10/49 | €62,913 | €148,383 | +€85,470 | +135.9% |
| Equity | 10/15 | €48,756 | €88,785 | +€40,029 | +82.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €44,756 | €84,785 | +€40,029 | +89.4% |
| Distributable reserves | 133 | €44,756 | €84,785 | +€40,029 | +89.4% |
| Amounts payable | 17/49 | €14,157 | €59,598 | +€45,441 | +321.0% |
| Amounts payable after more than one year | 17 | - | €16,733 | +€16,733 | |
| Financial debts | 170/4 | - | €16,733 | +€16,733 | |
| Amounts payable within one year | 42/48 | €13,857 | €42,564 | +€28,707 | +207.2% |
| Current portion of amounts payable after more than one year | 42 | - | €23,034 | +€23,034 | |
| Trade debts | 44 | €189 | €9,427 | +€9,238 | +4890.6% |
| Suppliers | 440/4 | €189 | €9,427 | +€9,238 | +4890.6% |
| Taxes, remuneration and social security | 45 | €13,668 | €10,104 | -€3,565 | -26.1% |
| Taxes | 450/3 | €13,668 | €10,104 | -€3,565 | -26.1% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €428 | €6,759 | +€6,332 | +1480.6% |
| Other operating charges | 640/8 | €244 | €973 | +€729 | +298.2% |
| Gross operating margin | 9900 | €66,574 | €68,810 | +€2,236 | +3.4% |
| Operating profit (loss) | 9901 | €65,902 | €61,077 | -€4,824 | -7.3% |
| Financial income | 75/76B | €1,528 | €3,125 | +€1,597 | +104.5% |
| Recurring financial income | 75 | €1,528 | €3,125 | +€1,597 | +104.5% |
| Financial charges | 65/66B | €2,389 | €6,000 | +€3,612 | +151.2% |
| Recurring financial charges | 65 | €2,389 | €6,000 | +€3,612 | +151.2% |
| Profit (loss) for the period before taxes | 9903 | €65,041 | €58,202 | -€6,840 | -10.5% |
| Income taxes | 67/77 | €20,286 | €18,173 | -€2,113 | -10.4% |
| Profit (loss) for the period | 9904 | €44,756 | €40,029 | -€4,727 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,756 | €40,029 | -€4,727 | -10.6% |
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 3 October 2026 via checked.be.