BOTANIC BUILDING: 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.
What changed
BOTANIC BUILDING
NACE 68.110, Buying and selling of own real estate
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€6.0m
2023 · -€5.1m-€840,810
Equity
€11.8m
2023 · €14.6m-€2.8m
Cash
€500,828
2023 · €649,861-€149,033
Balance sheet total
€56.9m
2023 · €60.2m-€3.3m
Largest movements
Assets
- Tangible fixed assets -€2.0m
down €2.0m (-3.7%), from €55.1m to €53.1m
of which Other tangible fixed assets: -€10.0m
Equity and liabilities
- Debts after one year -€43.0m
down €43.0m (-100.0%), from €43.0m to €0
- Current portion of long-term debt +€43.0m
new in 2024: €43.0m
- Profit (loss) carried forward -€6.0m
down €6.0m (-77.1%), from -€7.8m to -€13.8m
- Contributions +€3.2m
up €3.2m (+14.7%), from €21.7m to €24.9m
of which Capital: +€3.2m
Income statement
- Turnover -€590,686
down €590,686 (-18.7%), from €3.2m to €2.6m
- Services and other goods +€500,479
up €500,479 (+26.6%), from €1.9m to €2.4m
- Write-downs -€353,986
down €353,986 (-100.0%), from €353,986 to €0
- Financial income -€213,478
down €213,478 (-66.6%), from €320,742 to €107,264
- Other operating income +€193,599
up €193,599 (+26.2%), from €740,193 to €933,792
From the 2023 result to the 2024 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.
Result 2023
-€5.1m
Turnover
-€590,686
Other operating income
+€193,599
Services and other goods
-€500,479
Depreciation
-€112,799
Write-downs
+€353,986
Other operating charges
-€100,477
Financial income
-€213,478
Financial charges
+€53,269
Taxes
+€76,255
Result 2024
-€6.0m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€2.2m
Investment
-€1.2m
Financing
+€3.2m
Cash 2023
€649,861
From operations (derived)
-€2.2m
Net result for the year
-€6.0m
Depreciation
+€3.2m
Receivables within one year
+€561,964
Deferred charges and accrued income
+€593,808
Trade debts
-€195,264
Tax, wage and social debts
-€177,256
Other debts
+€58,218
Accrued charges and deferred income
-€222,139
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€3.2m
Debts after one year
-€43.0m
Current portion of long-term debt
+€43.0m
Contributions, distributions and other
+€3.2m
Cash 2024
€500,828
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,197,673 | €56,873,404 | -€3.3m | -5.5% |
| Fixed assets | 21/28 | €55,140,325 | €53,120,861 | -€2.0m | -3.7% |
| Tangible fixed assets | 22/27 | €55,140,325 | €53,120,861 | -€2.0m | -3.7% |
| Land and buildings | 22 | €45,024,561 | €52,660,892 | +€7.6m | +17.0% |
| Furniture and vehicles | 24 | €23,239 | €15,208 | -€8,030 | -34.6% |
| Other tangible fixed assets | 26 | €10,028,006 | €0 | -€10.0m | -100.0% |
| Assets under construction and advance payments | 27 | €64,520 | €444,761 | +€380,241 | +589.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €5,057,348 | €3,752,543 | -€1.3m | -25.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,825,583 | €1,263,619 | -€561,964 | -30.8% |
| Trade receivables | 40 | €1,096,114 | €813,619 | -€282,495 | -25.8% |
| Other amounts receivable | 41 | €729,469 | €450,000 | -€279,469 | -38.3% |
| Cash at bank and in hand | 54/58 | €649,861 | €500,828 | -€149,033 | -22.9% |
| Deferred charges and accrued income | 490/1 | €2,581,904 | €1,988,097 | -€593,808 | -23.0% |
| Total equity and liabilities | 10/49 | €60,197,673 | €56,873,404 | -€3.3m | -5.5% |
| Equity | 10/15 | €14,587,518 | €11,799,691 | -€2.8m | -19.1% |
| Contributions | 10/11 | €21,738,882 | €24,938,882 | +€3.2m | +14.7% |
| Capital | 10 | €21,038,385 | €24,238,385 | +€3.2m | +15.2% |
| Issued capital | 100 | €21,038,385 | €24,238,385 | +€3.2m | +15.2% |
| Outside capital | 11 | €700,497 | €700,497 | = | 0.0% |
| Share premium | 1100/10 | €700,497 | €700,497 | = | 0.0% |
| Reserves | 13 | €618,153 | €618,153 | = | 0.0% |
| Non-distributable reserves | 130/1 | €618,153 | €618,153 | = | 0.0% |
| Legal reserve | 130 | €618,153 | €618,153 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,769,517 | -€13,757,344 | -€6.0m | -77.1% |
| Amounts payable | 17/49 | €45,610,154 | €45,073,713 | -€536,441 | -1.2% |
| Amounts payable after more than one year | 17 | €43,000,000 | €0 | -€43.0m | -100.0% |
| Financial debts | 170/4 | €43,000,000 | €0 | -€43.0m | -100.0% |
| Credit institutions | 173 | €43,000,000 | €0 | -€43.0m | -100.0% |
| Amounts payable within one year | 42/48 | €1,095,440 | €43,781,139 | +€42.7m | +3896.7% |
| Current portion of amounts payable after more than one year | 42 | - | €43,000,000 | +€43.0m | |
| Trade debts | 44 | €696,345 | €501,081 | -€195,264 | -28.0% |
| Suppliers | 440/4 | €696,345 | €501,081 | -€195,264 | -28.0% |
| Taxes, remuneration and social security | 45 | €397,999 | €220,743 | -€177,256 | -44.5% |
| Taxes | 450/3 | €397,999 | €220,743 | -€177,256 | -44.5% |
| Other amounts payable | 47/48 | €1,095 | €59,314 | +€58,218 | +5314.4% |
| Accrued charges and deferred income | 492/3 | €1,514,714 | €1,292,575 | -€222,139 | -14.7% |
| Operating income | 70/76A | €3,904,750 | €3,507,663 | -€397,087 | -10.2% |
| Turnover | 70 | €3,164,557 | €2,573,871 | -€590,686 | -18.7% |
| Other operating income | 74 | €740,193 | €933,792 | +€193,599 | +26.2% |
| Operating charges | 60/66A | €6,711,381 | €7,071,150 | +€359,769 | +5.4% |
| Services and other goods | 61 | €1,883,903 | €2,384,382 | +€500,479 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,091,317 | €3,204,117 | +€112,799 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €353,986 | €0 | -€353,986 | -100.0% |
| Other operating charges | 640/8 | €1,382,174 | €1,482,651 | +€100,477 | +7.3% |
| Operating profit (loss) | 9901 | -€2,806,631 | -€3,563,487 | -€756,855 | -27.0% |
| Financial income | 75/76B | €320,742 | €107,264 | -€213,478 | -66.6% |
| Recurring financial income | 75 | €320,742 | €107,264 | -€213,478 | -66.6% |
| Other financial income | 752/9 | €320,742 | €107,264 | -€213,478 | -66.6% |
| Financial charges | 65/66B | €2,440,822 | €2,387,553 | -€53,269 | -2.2% |
| Recurring financial charges | 65 | €2,440,822 | €2,387,553 | -€53,269 | -2.2% |
| Debt charges | 650 | €2,439,593 | €2,386,414 | -€53,179 | -2.2% |
| Other financial charges | 652/9 | €1,229 | €1,139 | -€90 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,926,711 | -€5,843,776 | -€917,065 | -18.6% |
| Income taxes | 67/77 | €220,306 | €144,051 | -€76,255 | -34.6% |
| Taxes | 670/3 | €220,306 | €144,051 | -€76,255 | -34.6% |
| Profit (loss) for the period | 9904 | -€5,147,017 | -€5,987,827 | -€840,810 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,147,017 | -€5,987,827 | -€840,810 | -16.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.