Botanic-Estate: 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.
What changed
Botanic-Estate
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4.5m
2024 · -€4.1m-€383,400
Equity
€25.1m
2024 · €29.6m-€4.5m
Cash
€65,126
2024 · €62,062+€3,063
Balance sheet total
€125.3m
2024 · €128.8m-€3.5m
Largest movements
Assets
- Tangible fixed assets -€3.5m
down €3.5m (-2.7%), from €127.0m to €123.5m
of which Land and buildings: -€3.5m
Equity and liabilities
- Profit (loss) carried forward -€4.5m
down €4.5m (-41.5%), from -€10.9m to -€15.4m
- Other debts -€3.3m
down €3.3m (-6.4%), from €52.2m to €48.9m
- Accrued charges and deferred income +€2.4m
up €2.4m (+410%), from €573,539 to €2.9m
- Trade debts +€2.0m
up €2.0m (+43.6%), from €4.5m to €6.4m
Income statement
- Gross operating margin -€735,197
down €735,197 (-12.0%), from €6.1m to €5.4m
- Other operating charges -€597,562
down €597,562 (-76.6%), from €780,215 to €182,653
- Financial charges +€193,361
up €193,361 (+4.6%), from €4.2m to €4.4m
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.
Result 2024
-€4.1m
Gross operating margin
-€735,197
Depreciation
-€59,764
Other operating charges
+€597,562
Financial income
+€7,359
Financial charges
-€193,361
Result 2025
-€4.5m
raises the resultlowers the result
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.
From operations
+€1.7m
Investment
-€1.7m
Financing
€0
Cash 2024
€62,062
From operations (derived)
+€1.7m
Net result for the year
-€4.5m
Depreciation
+€5.4m
Receivables after one year
-€302,441
Receivables within one year
+€123,904
Deferred charges and accrued income
+€83,525
Trade debts
+€2.0m
Tax, wage and social debts
-€4,817
Other debts
-€3.3m
Accrued charges and deferred income
+€2.4m
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Cash 2025
€65,126
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,841,397 | €125,299,572 | -€3.5m | -2.7% |
| Fixed assets | 21/28 | €127,688,778 | €124,048,878 | -€3.6m | -2.9% |
| Intangible fixed assets | 21 | €134,512 | €101,318 | -€33,194 | -24.7% |
| Tangible fixed assets | 22/27 | €126,968,086 | €123,494,268 | -€3.5m | -2.7% |
| Land and buildings | 22 | €126,955,858 | €123,484,007 | -€3.5m | -2.7% |
| Plant, machinery and equipment | 23 | €9,228 | €8,261 | -€966 | -10.5% |
| Furniture and vehicles | 24 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Financial fixed assets | 28 | €586,181 | €453,292 | -€132,888 | -22.7% |
| Current assets | 29/58 | €1,152,619 | €1,250,694 | +€98,075 | +8.5% |
| Amounts receivable after more than one year | 29 | €173,226 | €475,667 | +€302,441 | +175% |
| Trade receivables | 290 | - | €329,893 | +€329,893 | |
| Other amounts receivable | 291 | €173,226 | €145,774 | -€27,451 | -15.8% |
| Amounts receivable within one year | 40/41 | €142,814 | €18,910 | -€123,904 | -86.8% |
| Trade receivables | 40 | €142,814 | €11,639 | -€131,175 | -91.9% |
| Other amounts receivable | 41 | - | €7,271 | +€7,271 | |
| Cash at bank and in hand | 54/58 | €62,062 | €65,126 | +€3,063 | +4.9% |
| Deferred charges and accrued income | 490/1 | €774,516 | €690,991 | -€83,525 | -10.8% |
| Total equity and liabilities | 10/49 | €128,841,397 | €125,299,572 | -€3.5m | -2.7% |
| Equity | 10/15 | €29,590,201 | €25,060,314 | -€4.5m | -15.3% |
| Contributions | 10/11 | €40,500,000 | €40,500,000 | = | 0.0% |
| Capital | 10 | €40,500,000 | €40,500,000 | = | 0.0% |
| Issued capital | 100 | €42,000,000 | €42,000,000 | = | 0.0% |
| Uncalled capital | 101 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,909,799 | -€15,439,686 | -€4.5m | -41.5% |
| Amounts payable | 17/49 | €99,251,196 | €100,239,258 | +€988,062 | +1.0% |
| Amounts payable after more than one year | 17 | €42,000,000 | €42,000,000 | = | 0.0% |
| Financial debts | 170/4 | €42,000,000 | €42,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,677,656 | €55,312,658 | -€1.4m | -2.4% |
| Trade debts | 44 | €4,491,150 | €6,449,705 | +€2.0m | +43.6% |
| Suppliers | 440/4 | €4,491,150 | €6,449,705 | +€2.0m | +43.6% |
| Taxes, remuneration and social security | 45 | €4,817 | - | -€4,817 | |
| Taxes | 450/3 | €4,817 | - | -€4,817 | |
| Other amounts payable | 47/48 | €52,181,689 | €48,862,953 | -€3.3m | -6.4% |
| Accrued charges and deferred income | 492/3 | €573,539 | €2,926,600 | +€2.4m | +410% |
| Non-recurring operating income | 76A | €1,130,250 | €1,318,750 | +€188,500 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,302,974 | €5,362,737 | +€59,764 | +1.1% |
| Other operating charges | 640/8 | €780,215 | €182,653 | -€597,562 | -76.6% |
| Gross operating margin | 9900 | €6,127,900 | €5,392,703 | -€735,197 | -12.0% |
| Operating profit (loss) | 9901 | €44,711 | -€152,687 | -€197,399 | |
| Financial income | 75/76B | €37,832 | €45,191 | +€7,359 | +19.5% |
| Recurring financial income | 75 | €37,832 | €45,191 | +€7,359 | +19.5% |
| Financial charges | 65/66B | €4,229,030 | €4,422,391 | +€193,361 | +4.6% |
| Recurring financial charges | 65 | €4,229,030 | €4,422,391 | +€193,361 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,146,487 | -€4,529,887 | -€383,400 | -9.2% |
| Profit (loss) for the period | 9904 | -€4,146,487 | -€4,529,887 | -€383,400 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,146,487 | -€4,529,887 | -€383,400 | -9.2% |
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 23 October 2026 via checked.be.