BOT'ARDENT: 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'ARDENT
Largest movements
- Receivables within one year +€166,775
up €166,775 (+93.8%), from €177,715 to €344,490
of which Other amounts receivable: +€155,813
- Other debts +€743,577
up €743,577 (+38.3%), from €1.9m to €2.7m
- Profit (loss) carried forward -€435,635
down €435,635 (-66.8%), from -€652,228 to -€1.1m
- Gross operating margin +€223,194
up €223,194 (+349%), from €63,911 to €287,105
- Financial charges +€10,909
up €10,909 (+2.4%), from €451,496 to €462,405
- Other operating charges -€3,812
down €3,812 (-1.4%), from €264,150 to €260,338
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 | €12,461,687 | €12,760,295 | +€298,608 | +2.4% |
| Formation expenses | 20 | €2,744 | €2,096 | -€647 | -23.6% |
| Current assets | 29/58 | €12,458,943 | €12,758,199 | +€299,256 | +2.4% |
| Stocks and contracts in progress | 3 | €12,264,838 | €12,360,178 | +€95,340 | +0.8% |
| Stocks | 30/36 | €12,264,838 | €12,360,178 | +€95,340 | +0.8% |
| Amounts receivable within one year | 40/41 | €177,715 | €344,490 | +€166,775 | +93.8% |
| Trade receivables | 40 | €164,925 | €175,887 | +€10,962 | +6.6% |
| Other amounts receivable | 41 | €12,790 | €168,603 | +€155,813 | +1,218% |
| Cash at bank and in hand | 54/58 | €10,290 | €42,315 | +€32,025 | +311% |
| Deferred charges and accrued income | 490/1 | €6,100 | €11,215 | +€5,115 | +83.9% |
| Total equity and liabilities | 10/49 | €12,461,687 | €12,760,295 | +€298,608 | +2.4% |
| Equity | 10/15 | €597,772 | €162,137 | -€435,635 | -72.9% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€652,228 | -€1,087,863 | -€435,635 | -66.8% |
| Amounts payable | 17/49 | €11,863,915 | €12,598,158 | +€734,244 | +6.2% |
| Amounts payable within one year | 42/48 | €11,841,690 | €12,590,034 | +€748,344 | +6.3% |
| Financial debts | 43 | €9,812,638 | €9,800,000 | -€12,638 | -0.1% |
| Credit institutions | 430/8 | €9,812,638 | €9,800,000 | -€12,638 | -0.1% |
| Trade debts | 44 | €83,276 | €100,392 | +€17,116 | +20.6% |
| Suppliers | 440/4 | €83,276 | €100,392 | +€17,116 | +20.6% |
| Taxes, remuneration and social security | 45 | €3,049 | €3,339 | +€290 | +9.5% |
| Taxes | 450/3 | €3,049 | €3,339 | +€290 | +9.5% |
| Other amounts payable | 47/48 | €1,942,727 | €2,686,303 | +€743,577 | +38.3% |
| Accrued charges and deferred income | 492/3 | €22,225 | €8,125 | -€14,100 | -63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €493 | €647 | +€154 | +31.3% |
| Other operating charges | 640/8 | €264,150 | €260,338 | -€3,812 | -1.4% |
| Gross operating margin | 9900 | €63,911 | €287,105 | +€223,194 | +349% |
| Operating profit (loss) | 9901 | -€200,732 | €26,120 | +€226,852 | |
| Financial income | 75/76B | - | €650 | +€650 | |
| Recurring financial income | 75 | - | €650 | +€650 | |
| Financial charges | 65/66B | €451,496 | €462,405 | +€10,909 | +2.4% |
| Recurring financial charges | 65 | €451,496 | €462,405 | +€10,909 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€652,228 | -€435,635 | +€216,593 | +33.2% |
| Profit (loss) for the period | 9904 | -€652,228 | -€435,635 | +€216,593 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€652,228 | -€435,635 | +€216,593 | +33.2% |
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 13 October 2026 via checked.be.