BOTA 41: 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.
BOTA 41
Largest movements
- Tangible fixed assets -€12,582
down €12,582 (-5.9%), from €214,000 to €201,418
- Cash +€9,587
up €9,587 (+627.5%), from €1,528 to €11,115
mainly Depreciation (+€12,582) and Net result for the year (+€8,958)
- Receivables within one year +€4,835
up €4,835 (+9.7%), from €50,024 to €54,858
- Debts after one year -€27,021
down €27,021 (-14.3%), from €188,962 to €161,941
of which Financial debts: -€27,021
- Profit (loss) carried forward +€8,958
up €8,958 (+49.9%), from €17,967 to €26,925
- Accrued charges and deferred income +€8,659
up €8,659 (+585.8%), from €1,478 to €10,138
- Trade debts +€4,343
up €4,343 (+446.5%), from €973 to €5,315
- Other debts +€2,946
up €2,946 (+183.7%), from €1,603 to €4,550
- Staff costs -€14,086
down €14,086 (-40.8%), from €34,499 to €20,413
- Gross operating margin -€7,994
down €7,994 (-11.6%), from €68,946 to €60,952
- Taxes +€2,274
up €2,274 (+211.0%), from €1,077 to €3,351
- Depreciation -€1,655
down €1,655 (-11.6%), from €14,237 to €12,582
- Financial charges -€925
down €925 (-28.4%), from €3,262 to €2,337
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 | €269,138 | €270,626 | +€1,489 | +0.6% |
| Fixed assets | 21/28 | €214,363 | €201,781 | -€12,582 | -5.9% |
| Tangible fixed assets | 22/27 | €214,000 | €201,418 | -€12,582 | -5.9% |
| Plant, machinery and equipment | 23 | €214,000 | €201,418 | -€12,582 | -5.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €54,774 | €68,845 | +€14,071 | +25.7% |
| Amounts receivable within one year | 40/41 | €50,024 | €54,858 | +€4,835 | +9.7% |
| Other amounts receivable | 41 | €50,024 | €54,858 | +€4,835 | +9.7% |
| Cash at bank and in hand | 54/58 | €1,528 | €11,115 | +€9,587 | +627.5% |
| Deferred charges and accrued income | 490/1 | €3,223 | €2,871 | -€352 | -10.9% |
| Total equity and liabilities | 10/49 | €269,138 | €270,626 | +€1,489 | +0.6% |
| Equity | 10/15 | €31,027 | €39,985 | +€8,958 | +28.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,967 | €26,925 | +€8,958 | +49.9% |
| Amounts payable | 17/49 | €238,111 | €230,642 | -€7,469 | -3.1% |
| Amounts payable after more than one year | 17 | €188,962 | €161,941 | -€27,021 | -14.3% |
| Financial debts | 170/4 | €39,962 | €12,941 | -€27,021 | -67.6% |
| Other amounts payable | 178/9 | €149,000 | €149,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €47,671 | €58,563 | +€10,892 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €40,191 | €42,817 | +€2,626 | +6.5% |
| Trade debts | 44 | €973 | €5,315 | +€4,343 | +446.5% |
| Suppliers | 440/4 | €973 | €5,315 | +€4,343 | +446.5% |
| Taxes, remuneration and social security | 45 | €4,904 | €5,881 | +€977 | +19.9% |
| Taxes | 450/3 | €1,880 | €4,423 | +€2,543 | +135.3% |
| Remuneration and social security | 454/9 | €3,024 | €1,458 | -€1,565 | -51.8% |
| Other amounts payable | 47/48 | €1,603 | €4,550 | +€2,946 | +183.7% |
| Accrued charges and deferred income | 492/3 | €1,478 | €10,138 | +€8,659 | +585.8% |
| Remuneration, social security and pensions | 62 | €34,499 | €20,413 | -€14,086 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,237 | €12,582 | -€1,655 | -11.6% |
| Other operating charges | 640/8 | €12,994 | €13,330 | +€337 | +2.6% |
| Gross operating margin | 9900 | €68,946 | €60,952 | -€7,994 | -11.6% |
| Operating profit (loss) | 9901 | €7,216 | €14,627 | +€7,411 | +102.7% |
| Financial income | 75/76B | €0 | €19 | +€19 | +4078.3% |
| Recurring financial income | 75 | €0 | €19 | +€19 | +4078.3% |
| Financial charges | 65/66B | €3,262 | €2,337 | -€925 | -28.4% |
| Recurring financial charges | 65 | €3,262 | €2,337 | -€925 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €3,954 | €12,309 | +€8,355 | +211.3% |
| Income taxes | 67/77 | €1,077 | €3,351 | +€2,274 | +211.0% |
| Profit (loss) for the period | 9904 | €2,876 | €8,958 | +€6,081 | +211.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,876 | €8,958 | +€6,081 | +211.4% |
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 10 October 2026 via checked.be.