BTS 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.
BTS Consulting
Largest movements
- Receivables within one year +€80,654
up €80,654 (+280.7%), from €28,738 to €109,392
of which Trade receivables: +€64,432
- Cash -€26,524
down €26,524 (-59.7%), from €44,401 to €17,877
mainly Receivables within one year (-€80,654) and Trade debts (-€1,544)
- Reserves +€34,188
up €34,188 (+72.9%), from €46,921 to €81,108
- Tax, wage and social debts +€19,874
up €19,874 (+80.9%), from €24,573 to €44,447
- Trade debts -€1,544
down €1,544 (-53.4%), from €2,889 to €1,346
- Gross operating margin +€11,094
up €11,094 (+28.6%), from €38,740 to €49,834
- Taxes +€2,144
up €2,144 (+18.5%), from €11,567 to €13,711
- Financial charges +€1,012
up €1,012 (+1192.0%), from €85 to €1,097
- Financial income +€790
up €790 (+81.7%), from €967 to €1,758
- Depreciation +€709
up €709 (+241.3%), from €294 to €1,002
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 | €76,383 | €128,901 | +€52,518 | +68.8% |
| Fixed assets | 21/28 | €2,052 | €1,463 | -€590 | -28.7% |
| Tangible fixed assets | 22/27 | €1,782 | €1,193 | -€590 | -33.1% |
| Furniture and vehicles | 24 | €1,782 | €1,193 | -€590 | -33.1% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €74,330 | €127,439 | +€53,108 | +71.4% |
| Amounts receivable within one year | 40/41 | €28,738 | €109,392 | +€80,654 | +280.7% |
| Trade receivables | 40 | €4,412 | €68,844 | +€64,432 | +1460.5% |
| Other amounts receivable | 41 | €24,327 | €40,549 | +€16,222 | +66.7% |
| Cash at bank and in hand | 54/58 | €44,401 | €17,877 | -€26,524 | -59.7% |
| Deferred charges and accrued income | 490/1 | €1,191 | €169 | -€1,022 | -85.8% |
| Total equity and liabilities | 10/49 | €76,383 | €128,901 | +€52,518 | +68.8% |
| Equity | 10/15 | €48,921 | €83,108 | +€34,188 | +69.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €46,921 | €81,108 | +€34,188 | +72.9% |
| Distributable reserves | 133 | €46,921 | €81,108 | +€34,188 | +72.9% |
| Amounts payable | 17/49 | €27,462 | €45,793 | +€18,330 | +66.7% |
| Amounts payable within one year | 42/48 | €27,462 | €45,793 | +€18,330 | +66.7% |
| Trade debts | 44 | €2,889 | €1,346 | -€1,544 | -53.4% |
| Suppliers | 440/4 | €2,889 | €1,346 | -€1,544 | -53.4% |
| Taxes, remuneration and social security | 45 | €24,573 | €44,447 | +€19,874 | +80.9% |
| Taxes | 450/3 | €24,573 | €44,447 | +€19,874 | +80.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294 | €1,002 | +€709 | +241.3% |
| Other operating charges | 640/8 | €1,052 | €1,594 | +€542 | +51.5% |
| Gross operating margin | 9900 | €38,740 | €49,834 | +€11,094 | +28.6% |
| Operating profit (loss) | 9901 | €37,395 | €47,238 | +€9,843 | +26.3% |
| Financial income | 75/76B | €967 | €1,758 | +€790 | +81.7% |
| Recurring financial income | 75 | €967 | €1,758 | +€790 | +81.7% |
| Financial charges | 65/66B | €85 | €1,097 | +€1,012 | +1192.0% |
| Recurring financial charges | 65 | €85 | €1,097 | +€1,012 | +1192.0% |
| Profit (loss) for the period before taxes | 9903 | €38,277 | €47,899 | +€9,621 | +25.1% |
| Income taxes | 67/77 | €11,567 | €13,711 | +€2,144 | +18.5% |
| Profit (loss) for the period | 9904 | €26,711 | €34,188 | +€7,477 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,711 | €34,188 | +€7,477 | +28.0% |
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 12 October 2026 via checked.be.