BORTOLAMI: 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.
BORTOLAMI
Largest movements
- Receivables after one year -€220,000
down €220,000 (-44.2%), from €498,000 to €278,000
- Receivables within one year +€112,876
up €112,876 (+150%), from €75,152 to €188,028
of which Other amounts receivable: +€111,644
- Cash -€13,168
down €13,168 (-4.9%), from €267,772 to €254,605
mainly Contributions, distributions and other (-€362,282) and Receivables within one year (-€112,876)
- Reserves -€279,255
down €279,255 (-52.2%), from €534,673 to €255,418
- Other debts +€156,485
up €156,485 (+85.0%), from €184,043 to €340,528
- Tax, wage and social debts +€19,443
up €19,443 (+96.6%), from €20,131 to €39,574
- Current portion of long-term debt -€11,111
down €11,111 (-45.2%), from €24,592 to €13,481
- Gross operating margin -€12,024
down €12,024 (-10.1%), from €119,456 to €107,432
- Taxes +€2,359
up €2,359 (+6.3%), from €37,576 to €39,935
- Financial income +€1,843
up €1,843 (+11.6%), from €15,876 to €17,719
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 | €851,014 | €736,269 | -€114,745 | -13.5% |
| Fixed assets | 21/28 | €3,200 | €2,645 | -€555 | -17.3% |
| Tangible fixed assets | 22/27 | €3,200 | €2,645 | -€555 | -17.3% |
| Other tangible fixed assets | 26 | €3,200 | €2,645 | -€555 | -17.3% |
| Current assets | 29/58 | €847,814 | €733,624 | -€114,190 | -13.5% |
| Amounts receivable after more than one year | 29 | €498,000 | €278,000 | -€220,000 | -44.2% |
| Other amounts receivable | 291 | €498,000 | €278,000 | -€220,000 | -44.2% |
| Amounts receivable within one year | 40/41 | €75,152 | €188,028 | +€112,876 | +150% |
| Trade receivables | 40 | - | €1,232 | +€1,232 | |
| Other amounts receivable | 41 | €75,152 | €186,796 | +€111,644 | +149% |
| Cash at bank and in hand | 54/58 | €267,772 | €254,605 | -€13,168 | -4.9% |
| Deferred charges and accrued income | 490/1 | €6,890 | €12,992 | +€6,101 | +88.5% |
| Total equity and liabilities | 10/49 | €851,014 | €736,269 | -€114,745 | -13.5% |
| Equity | 10/15 | €621,941 | €342,686 | -€279,255 | -44.9% |
| Contributions | 10/11 | €87,268 | €87,268 | = | 0.0% |
| Reserves | 13 | €534,673 | €255,418 | -€279,255 | -52.2% |
| Distributable reserves | 133 | €534,673 | €255,418 | -€279,255 | -52.2% |
| Amounts payable | 17/49 | €229,073 | €393,583 | +€164,509 | +71.8% |
| Amounts payable within one year | 42/48 | €229,073 | €393,583 | +€164,509 | +71.8% |
| Current portion of amounts payable after more than one year | 42 | €24,592 | €13,481 | -€11,111 | -45.2% |
| Trade debts | 44 | €307 | - | -€307 | |
| Suppliers | 440/4 | €307 | - | -€307 | |
| Taxes, remuneration and social security | 45 | €20,131 | €39,574 | +€19,443 | +96.6% |
| Taxes | 450/3 | €20,131 | €39,574 | +€19,443 | +96.6% |
| Other amounts payable | 47/48 | €184,043 | €340,528 | +€156,485 | +85.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €556 | €555 | -€1 | -0.2% |
| Other operating charges | 640/8 | €184 | €312 | +€128 | +69.4% |
| Gross operating margin | 9900 | €119,456 | €107,432 | -€12,024 | -10.1% |
| Operating profit (loss) | 9901 | €118,716 | €106,565 | -€12,150 | -10.2% |
| Financial income | 75/76B | €15,876 | €17,719 | +€1,843 | +11.6% |
| Recurring financial income | 75 | €15,876 | €17,719 | +€1,843 | +11.6% |
| Financial charges | 65/66B | €1,849 | €1,322 | -€526 | -28.5% |
| Recurring financial charges | 65 | €1,849 | €1,322 | -€526 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €132,743 | €122,962 | -€9,781 | -7.4% |
| Income taxes | 67/77 | €37,576 | €39,935 | +€2,359 | +6.3% |
| Profit (loss) for the period | 9904 | €95,167 | €83,028 | -€12,140 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €95,167 | €83,028 | -€12,140 | -12.8% |
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 15 October 2026 via checked.be.