BT-Lab: 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.
BT-Lab
Largest movements
- Receivables within one year +€15,204
up €15,204 (+42.2%), from €36,025 to €51,230
of which Trade receivables: +€7,634
- Cash -€5,655
down €5,655 (-98.5%), from €5,743 to €88
mainly Receivables within one year (-€15,204) and Trade debts (-€5,895)
- Tangible fixed assets +€1,191
up €1,191 (+96.7%), from €1,232 to €2,422
- Profit (loss) carried forward +€13,135
up €13,135 (+656%), from €2,002 to €15,137
- Trade debts -€5,895
down €5,895 (-29.4%), from €20,041 to €14,147
- Reserves +€2,002
up €2,002 (+18.0%), from €11,131 to €13,133
- Tax, wage and social debts +€1,497
up €1,497 (+21.9%), from €6,826 to €8,323
- Gross operating margin +€11,547
up €11,547 (+88.3%), from €13,077 to €24,624
- Depreciation -€5,029
down €5,029 (-93.6%), from €5,374 to €346
- Taxes +€3,380
up €3,380 (+163%), from €2,071 to €5,451
- Other operating charges +€379
up €379 (+12.5%), from €3,020 to €3,399
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 | €43,000 | €53,740 | +€10,740 | +25.0% |
| Fixed assets | 21/28 | €1,232 | €2,422 | +€1,191 | +96.7% |
| Tangible fixed assets | 22/27 | €1,232 | €2,422 | +€1,191 | +96.7% |
| Plant, machinery and equipment | 23 | €1,232 | €2,422 | +€1,191 | +96.7% |
| Current assets | 29/58 | €41,769 | €51,318 | +€9,549 | +22.9% |
| Amounts receivable within one year | 40/41 | €36,025 | €51,230 | +€15,204 | +42.2% |
| Trade receivables | 40 | €7,069 | €14,703 | +€7,634 | +108% |
| Other amounts receivable | 41 | €28,956 | €36,527 | +€7,570 | +26.1% |
| Cash at bank and in hand | 54/58 | €5,743 | €88 | -€5,655 | -98.5% |
| Total equity and liabilities | 10/49 | €43,000 | €53,740 | +€10,740 | +25.0% |
| Equity | 10/15 | €16,133 | €31,270 | +€15,137 | +93.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,131 | €13,133 | +€2,002 | +18.0% |
| Distributable reserves | 133 | €11,131 | €13,133 | +€2,002 | +18.0% |
| Profit (loss) carried forward | 14 | €2,002 | €15,137 | +€13,135 | +656% |
| Amounts payable | 17/49 | €26,867 | €22,470 | -€4,397 | -16.4% |
| Amounts payable within one year | 42/48 | €26,867 | €22,470 | -€4,397 | -16.4% |
| Trade debts | 44 | €20,041 | €14,147 | -€5,895 | -29.4% |
| Suppliers | 440/4 | €20,041 | €14,147 | -€5,895 | -29.4% |
| Taxes, remuneration and social security | 45 | €6,826 | €8,323 | +€1,497 | +21.9% |
| Taxes | 450/3 | €6,826 | €8,323 | +€1,497 | +21.9% |
| Remuneration, social security and pensions | 62 | €28 | - | -€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,374 | €346 | -€5,029 | -93.6% |
| Other operating charges | 640/8 | €3,020 | €3,399 | +€379 | +12.5% |
| Non-recurring operating charges | 66A | €427 | - | -€427 | |
| Gross operating margin | 9900 | €13,077 | €24,624 | +€11,547 | +88.3% |
| Operating profit (loss) | 9901 | €4,227 | €20,880 | +€16,653 | +394% |
| Financial income | 75/76B | €3 | €56 | +€53 | +1,636% |
| Recurring financial income | 75 | €3 | €56 | +€53 | +1,636% |
| Financial charges | 65/66B | €156 | €347 | +€191 | +122% |
| Recurring financial charges | 65 | €156 | €347 | +€191 | +122% |
| Profit (loss) for the period before taxes | 9903 | €4,073 | €20,588 | +€16,515 | +405% |
| Income taxes | 67/77 | €2,071 | €5,451 | +€3,380 | +163% |
| Profit (loss) for the period | 9904 | €2,002 | €15,137 | +€13,135 | +656% |
| Profit (loss) for the period to be appropriated | 9905 | €2,002 | €15,137 | +€13,135 | +656% |
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 25 October 2026 via checked.be.