BOT: 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.
BOT
Largest movements
- Receivables within one year -€39,878
down €39,878 (-31.2%), from €127,926 to €88,048
of which Trade receivables: -€57,016
- Deferred charges and accrued income +€15,187
up €15,187 (+71.2%), from €21,334 to €36,520
- Cash +€8,119
up €8,119, from €0 to €8,119
mainly Receivables within one year (+€39,878) and Depreciation (+€4,477)
- Tangible fixed assets +€1,656
up €1,656 (+16.9%), from €9,820 to €11,476
of which Furniture and vehicles: +€2,030
- Trade debts -€10,955
down €10,955 (-79.8%), from €13,728 to €2,773
- Short-term financial debts -€4,405
down €4,405 (-100%), from €4,405 to €0
- Profit (loss) carried forward +€3,329
up €3,329 (+10.3%), from €32,169 to €35,498
- Tax, wage and social debts -€2,377
down €2,377 (-32.8%), from €7,247 to €4,870
- Gross operating margin +€8,124
up €8,124 (+131%), from €6,206 to €14,330
- Taxes +€1,232
up €1,232 (+140%), from €878 to €2,109
- Depreciation +€1,167
up €1,167 (+35.3%), from €3,310 to €4,477
- Other operating charges -€482
down €482 (-25.4%), from €1,895 to €1,413
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 | €159,080 | €144,164 | -€14,916 | -9.4% |
| Fixed assets | 21/28 | €9,820 | €11,476 | +€1,656 | +16.9% |
| Tangible fixed assets | 22/27 | €9,820 | €11,476 | +€1,656 | +16.9% |
| Plant, machinery and equipment | 23 | €373 | €0 | -€373 | -100% |
| Furniture and vehicles | 24 | €9,446 | €11,476 | +€2,030 | +21.5% |
| Current assets | 29/58 | €149,260 | €132,687 | -€16,573 | -11.1% |
| Amounts receivable within one year | 40/41 | €127,926 | €88,048 | -€39,878 | -31.2% |
| Trade receivables | 40 | €71,536 | €14,520 | -€57,016 | -79.7% |
| Other amounts receivable | 41 | €56,390 | €73,528 | +€17,137 | +30.4% |
| Cash at bank and in hand | 54/58 | €0 | €8,119 | +€8,119 | |
| Deferred charges and accrued income | 490/1 | €21,334 | €36,520 | +€15,187 | +71.2% |
| Total equity and liabilities | 10/49 | €159,080 | €144,164 | -€14,916 | -9.4% |
| Equity | 10/15 | €34,669 | €37,998 | +€3,329 | +9.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,169 | €35,498 | +€3,329 | +10.3% |
| Amounts payable | 17/49 | €124,410 | €106,165 | -€18,245 | -14.7% |
| Amounts payable within one year | 42/48 | €123,397 | €106,165 | -€17,232 | -14.0% |
| Financial debts | 43 | €4,405 | €0 | -€4,405 | -100% |
| Credit institutions | 430/8 | €4,405 | €0 | -€4,405 | -100% |
| Trade debts | 44 | €13,728 | €2,773 | -€10,955 | -79.8% |
| Suppliers | 440/4 | €13,728 | €2,773 | -€10,955 | -79.8% |
| Taxes, remuneration and social security | 45 | €7,247 | €4,870 | -€2,377 | -32.8% |
| Taxes | 450/3 | €7,247 | €4,870 | -€2,377 | -32.8% |
| Other amounts payable | 47/48 | €98,017 | €98,522 | +€505 | +0.5% |
| Accrued charges and deferred income | 492/3 | €1,013 | €0 | -€1,013 | -100% |
| Non-recurring operating income | 76A | €507 | €0 | -€507 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,310 | €4,477 | +€1,167 | +35.3% |
| Other operating charges | 640/8 | €1,895 | €1,413 | -€482 | -25.4% |
| Non-recurring operating charges | 66A | €990 | €2,165 | +€1,175 | +119% |
| Gross operating margin | 9900 | €6,206 | €14,330 | +€8,124 | +131% |
| Operating profit (loss) | 9901 | €11 | €6,275 | +€6,264 | +56,227% |
| Financial income | 75/76B | €0 | €16 | +€16 | |
| Recurring financial income | 75 | €0 | €16 | +€16 | |
| Financial charges | 65/66B | €924 | €852 | -€72 | -7.8% |
| Recurring financial charges | 65 | €924 | €852 | -€72 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€913 | €5,438 | +€6,351 | |
| Income taxes | 67/77 | €878 | €2,109 | +€1,232 | +140% |
| Profit (loss) for the period | 9904 | -€1,791 | €3,329 | +€5,120 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,791 | €3,329 | +€5,120 |
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 22 October 2026 via checked.be.