BTH Management: what changed
BTH Management
Largest movements
- Cash +€25,158
up €25,158 (+177%), from €14,200 to €39,358
mainly Net result for the year (+€32,554) and Accrued charges and deferred income (+€2,000)
- Receivables within one year +€9,745
up €9,745 (+52.2%), from €18,662 to €28,407
of which Other amounts receivable: +€17,500
- Profit (loss) carried forward +€32,554
up €32,554 (+179%), from €18,154 to €50,708
- Accrued charges and deferred income +€2,000
up €2,000 (+667%), from €300 to €2,300
- Gross operating margin +€20,211
up €20,211 (+88.8%), from €22,749 to €42,960
- Taxes +€3,975
up €3,975 (+87.6%), from €4,539 to €8,513
- Staff costs +€1,760
new in 2025: €1,760
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,862 | €67,765 | +€34,903 | +106% |
| Current assets | 29/58 | €32,862 | €67,765 | +€34,903 | +106% |
| Amounts receivable within one year | 40/41 | €18,662 | €28,407 | +€9,745 | +52.2% |
| Trade receivables | 40 | €16,940 | €9,185 | -€7,755 | -45.8% |
| Other amounts receivable | 41 | €1,722 | €19,222 | +€17,500 | +1,016% |
| Cash at bank and in hand | 54/58 | €14,200 | €39,358 | +€25,158 | +177% |
| Total equity and liabilities | 10/49 | €32,862 | €67,765 | +€34,903 | +106% |
| Equity | 10/15 | €20,654 | €53,208 | +€32,554 | +158% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,154 | €50,708 | +€32,554 | +179% |
| Amounts payable | 17/49 | €12,208 | €14,557 | +€2,348 | +19.2% |
| Amounts payable within one year | 42/48 | €11,908 | €12,257 | +€348 | +2.9% |
| Trade debts | 44 | €1,148 | €945 | -€203 | -17.7% |
| Suppliers | 440/4 | €1,148 | €945 | -€203 | -17.7% |
| Taxes, remuneration and social security | 45 | €10,761 | €11,312 | +€552 | +5.1% |
| Taxes | 450/3 | €8,761 | €11,312 | +€2,552 | +29.1% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Accrued charges and deferred income | 492/3 | €300 | €2,300 | +€2,000 | +667% |
| Remuneration, social security and pensions | 62 | - | €1,760 | +€1,760 | |
| Gross operating margin | 9900 | €22,749 | €42,960 | +€20,211 | +88.8% |
| Operating profit (loss) | 9901 | €22,749 | €41,200 | +€18,451 | +81.1% |
| Financial charges | 65/66B | €56 | €132 | +€75 | +134% |
| Recurring financial charges | 65 | €56 | €132 | +€75 | +134% |
| Profit (loss) for the period before taxes | 9903 | €22,692 | €41,068 | +€18,375 | +81.0% |
| Income taxes | 67/77 | €4,539 | €8,513 | +€3,975 | +87.6% |
| Profit (loss) for the period | 9904 | €18,154 | €32,554 | +€14,400 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,154 | €32,554 | +€14,400 | +79.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.