BOTA: what changed
Two fiscal 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.
BOTA
Largest movements
- Stocks and contracts +€4,081
up €4,081 (+22.9%), from €17,809 to €21,890
- Tangible fixed assets -€3,103
down €3,103 (-5.7%), from €54,362 to €51,260
of which Plant, machinery and equipment: -€2,118
- Trade debts +€13,328
up €13,328 (+18.0%), from €73,905 to €87,232
- Debts after one year -€6,931
down €6,931 (-20.3%), from €34,121 to €27,190
- Profit (loss) carried forward -€3,347
down €3,347, from €2,181 to -€1,166
- Advances received -€1,398
no longer reported in 2025 (was €1,398)
- Gross operating margin -€6,395
down €6,395 (-44.5%), from €14,373 to €7,978
- Write-downs -€1,461
down €1,461, from €730 to -€730
- Taxes -€656
no longer reported in 2025 (was €656)
- Depreciation +€591
up €591 (+7.0%), from €8,452 to €9,043
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 | €126,199 | €127,451 | +€1,251 | +1.0% |
| Fixed assets | 21/28 | €54,362 | €51,260 | -€3,103 | -5.7% |
| Tangible fixed assets | 22/27 | €54,362 | €51,260 | -€3,103 | -5.7% |
| Plant, machinery and equipment | 23 | €7,469 | €5,351 | -€2,118 | -28.4% |
| Furniture and vehicles | 24 | €156 | €509 | +€353 | +226.1% |
| Other tangible fixed assets | 26 | €46,738 | €45,400 | -€1,338 | -2.9% |
| Current assets | 29/58 | €71,837 | €76,191 | +€4,354 | +6.1% |
| Stocks and contracts in progress | 3 | €17,809 | €21,890 | +€4,081 | +22.9% |
| Stocks | 30/36 | €17,809 | €21,890 | +€4,081 | +22.9% |
| Amounts receivable within one year | 40/41 | €44,611 | €44,232 | -€379 | -0.8% |
| Trade receivables | 40 | €38,568 | €39,030 | +€462 | +1.2% |
| Other amounts receivable | 41 | €6,044 | €5,202 | -€841 | -13.9% |
| Cash at bank and in hand | 54/58 | €9,417 | €10,069 | +€652 | +6.9% |
| Total equity and liabilities | 10/49 | €126,199 | €127,451 | +€1,251 | +1.0% |
| Equity | 10/15 | €7,181 | €3,834 | -€3,347 | -46.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,181 | -€1,166 | -€3,347 | |
| Amounts payable | 17/49 | €119,019 | €123,616 | +€4,598 | +3.9% |
| Amounts payable after more than one year | 17 | €34,121 | €27,190 | -€6,931 | -20.3% |
| Financial debts | 170/4 | €34,121 | €27,190 | -€6,931 | -20.3% |
| Amounts payable within one year | 42/48 | €84,898 | €96,427 | +€11,529 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €6,592 | €6,931 | +€339 | +5.1% |
| Trade debts | 44 | €73,905 | €87,232 | +€13,328 | +18.0% |
| Suppliers | 440/4 | €73,905 | €87,232 | +€13,328 | +18.0% |
| Advances received on contracts in progress | 46 | €1,398 | - | -€1,398 | |
| Taxes, remuneration and social security | 45 | €2,130 | €1,474 | -€656 | -30.8% |
| Taxes | 450/3 | €656 | - | -€656 | |
| Remuneration and social security | 454/9 | €1,474 | €1,474 | = | 0.0% |
| Other amounts payable | 47/48 | €874 | €789 | -€85 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,452 | €9,043 | +€591 | +7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €730 | -€730 | -€1,461 | |
| Other operating charges | 640/8 | €304 | €309 | +€6 | +1.9% |
| Gross operating margin | 9900 | €14,373 | €7,978 | -€6,395 | -44.5% |
| Operating profit (loss) | 9901 | €4,887 | -€644 | -€5,531 | |
| Financial income | 75/76B | €5 | €6 | +€2 | +34.1% |
| Recurring financial income | 75 | €5 | €6 | +€2 | +34.1% |
| Financial charges | 65/66B | €2,629 | €2,709 | +€80 | +3.0% |
| Recurring financial charges | 65 | €2,629 | €2,709 | +€80 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €2,262 | -€3,347 | -€5,609 | |
| Income taxes | 67/77 | €656 | - | -€656 | |
| Profit (loss) for the period | 9904 | €1,607 | -€3,347 | -€4,953 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,607 | -€3,347 | -€4,953 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.