BOTA-CONCEPT: 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-CONCEPT
Largest movements
- Tangible fixed assets +€320,002
up €320,002 (+458.6%), from €69,778 to €389,780
of which Assets under construction and advance payments: +€275,406
- Cash +€149,536
up €149,536 (+120.2%), from €124,429 to €273,965
mainly Trade debts (+€266,207) and Debts after one year (+€241,532)
- Receivables within one year +€90,960
up €90,960 (+148.5%), from €61,272 to €152,232
of which Other amounts receivable: +€80,484
- Trade debts +€266,207
up €266,207 (+558.7%), from €47,646 to €313,853
- Debts after one year +€241,532
up €241,532 (+1757.0%), from €13,747 to €255,279
- Reserves +€26,252
up €26,252 (+83.1%), from €31,600 to €57,852
- Current portion of long-term debt +€25,617
up €25,617 (+293.9%), from €8,715 to €34,332
- Purchases and services -€191,226
down €191,226 (-21.1%), from €907,302 to €716,076
- Turnover -€156,437
down €156,437 (-16.9%), from €927,357 to €770,920
- Gross operating margin +€35,837
up €35,837 (+59.3%), from €60,479 to €96,316
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 | €267,545 | €822,320 | +€554,775 | +207.4% |
| Fixed assets | 21/28 | €75,218 | €389,780 | +€314,562 | +418.2% |
| Tangible fixed assets | 22/27 | €69,778 | €389,780 | +€320,002 | +458.6% |
| Land and buildings | 22 | €31,302 | €63,802 | +€32,500 | +103.8% |
| Plant, machinery and equipment | 23 | €34,827 | €46,642 | +€11,815 | +33.9% |
| Furniture and vehicles | 24 | €3,649 | €3,930 | +€281 | +7.7% |
| Assets under construction and advance payments | 27 | - | €275,406 | +€275,406 | |
| Financial fixed assets | 28 | €5,440 | - | -€5,440 | |
| Current assets | 29/58 | €192,327 | €432,540 | +€240,213 | +124.9% |
| Stocks and contracts in progress | 3 | €4,971 | €4,141 | -€830 | -16.7% |
| Stocks | 30/36 | €4,971 | €4,141 | -€830 | -16.7% |
| Amounts receivable within one year | 40/41 | €61,272 | €152,232 | +€90,960 | +148.5% |
| Trade receivables | 40 | €57,583 | €68,059 | +€10,476 | +18.2% |
| Other amounts receivable | 41 | €3,689 | €84,173 | +€80,484 | +2181.7% |
| Cash at bank and in hand | 54/58 | €124,429 | €273,965 | +€149,536 | +120.2% |
| Deferred charges and accrued income | 490/1 | €1,655 | €2,202 | +€547 | +33.1% |
| Total equity and liabilities | 10/49 | €267,545 | €822,320 | +€554,775 | +207.4% |
| Equity | 10/15 | €185,983 | €212,235 | +€26,252 | +14.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €31,600 | €57,852 | +€26,252 | +83.1% |
| Distributable reserves | 133 | €31,600 | €57,852 | +€26,252 | +83.1% |
| Profit (loss) carried forward | 14 | €135,383 | €135,383 | = | 0.0% |
| Amounts payable | 17/49 | €81,562 | €610,085 | +€528,523 | +648.0% |
| Amounts payable after more than one year | 17 | €13,747 | €255,279 | +€241,532 | +1757.0% |
| Financial debts | 170/4 | €13,747 | €255,279 | +€241,532 | +1757.0% |
| Amounts payable within one year | 42/48 | €67,592 | €351,855 | +€284,263 | +420.6% |
| Current portion of amounts payable after more than one year | 42 | €8,715 | €34,332 | +€25,617 | +293.9% |
| Trade debts | 44 | €47,646 | €313,853 | +€266,207 | +558.7% |
| Suppliers | 440/4 | €47,646 | €313,853 | +€266,207 | +558.7% |
| Taxes, remuneration and social security | 45 | €11,231 | €3,629 | -€7,602 | -67.7% |
| Taxes | 450/3 | €9,414 | - | -€9,414 | |
| Remuneration and social security | 454/9 | €1,817 | €3,629 | +€1,812 | +99.7% |
| Other amounts payable | 47/48 | - | €41 | +€41 | |
| Accrued charges and deferred income | 492/3 | €223 | €2,951 | +€2,728 | +1223.3% |
| Turnover | 70 | €927,357 | €770,920 | -€156,437 | -16.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €907,302 | €716,076 | -€191,226 | -21.1% |
| Remuneration, social security and pensions | 62 | €22,543 | €26,131 | +€3,588 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,742 | €25,271 | +€6,529 | +34.8% |
| Other operating charges | 640/8 | €5,129 | €4,415 | -€714 | -13.9% |
| Non-recurring operating charges | 66A | €3,136 | €561 | -€2,575 | -82.1% |
| Gross operating margin | 9900 | €60,479 | €96,316 | +€35,837 | +59.3% |
| Operating profit (loss) | 9901 | €10,929 | €39,938 | +€29,009 | +265.4% |
| Financial income | 75/76B | €312 | €888 | +€576 | +184.6% |
| Recurring financial income | 75 | €312 | €888 | +€576 | +184.6% |
| Financial charges | 65/66B | €5,974 | €8,093 | +€2,119 | +35.5% |
| Recurring financial charges | 65 | €5,974 | €8,093 | +€2,119 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €5,267 | €32,733 | +€27,466 | +521.5% |
| Income taxes | 67/77 | €4,488 | €6,481 | +€1,993 | +44.4% |
| Profit (loss) for the period | 9904 | €779 | €26,252 | +€25,473 | +3270.0% |
| Profit (loss) for the period to be appropriated | 9905 | €779 | €26,252 | +€25,473 | +3270.0% |
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 6 October 2026 via checked.be.