BOTERHAM: 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.
BOTERHAM
Largest movements
- Cash +€37,695
up €37,695 (+153.7%), from €24,522 to €62,217
mainly Other debts (+€39,148) and Net result for the year (+€21,737)
- Tangible fixed assets -€3,714
down €3,714 (-18.0%), from €20,612 to €16,899
of which Plant, machinery and equipment: -€2,114
- Receivables within one year -€1,921
down €1,921 (-9.2%), from €20,856 to €18,934
of which Other amounts receivable: -€1,898
- Other debts +€39,148
up €39,148 (+113.2%), from €34,593 to €73,741
- Reserves -€20,277
no longer reported in 2025 (was €20,277)
- Tax, wage and social debts +€6,840
up €6,840 (+67.8%), from €10,082 to €16,922
- Trade debts +€6,349
up €6,349 (+16183.8%), from €39 to €6,388
- Gross operating margin +€13,358
up €13,358 (+42.1%), from €31,703 to €45,061
- Financial income -€5,480
no longer reported in 2025 (was €5,480)
- Depreciation +€3,313
up €3,313 (+60.0%), from €5,517 to €8,830
- Taxes +€3,186
up €3,186 (+54.3%), from €5,869 to €9,056
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 | €65,991 | €98,050 | +€32,060 | +48.6% |
| Fixed assets | 21/28 | €20,612 | €16,899 | -€3,714 | -18.0% |
| Tangible fixed assets | 22/27 | €20,612 | €16,899 | -€3,714 | -18.0% |
| Plant, machinery and equipment | 23 | €8,457 | €6,343 | -€2,114 | -25.0% |
| Furniture and vehicles | 24 | €12,155 | €10,556 | -€1,599 | -13.2% |
| Current assets | 29/58 | €45,378 | €81,152 | +€35,774 | +78.8% |
| Amounts receivable within one year | 40/41 | €20,856 | €18,934 | -€1,921 | -9.2% |
| Trade receivables | 40 | €16,975 | €16,951 | -€23 | -0.1% |
| Other amounts receivable | 41 | €3,881 | €1,983 | -€1,898 | -48.9% |
| Cash at bank and in hand | 54/58 | €24,522 | €62,217 | +€37,695 | +153.7% |
| Total equity and liabilities | 10/49 | €65,991 | €98,050 | +€32,060 | +48.6% |
| Equity | 10/15 | €21,277 | €1,000 | -€20,277 | -95.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €20,277 | - | -€20,277 | |
| Distributable reserves | 133 | €20,277 | - | -€20,277 | |
| Amounts payable | 17/49 | €44,714 | €97,050 | +€52,337 | +117.0% |
| Amounts payable within one year | 42/48 | €44,714 | €97,050 | +€52,337 | +117.0% |
| Trade debts | 44 | €39 | €6,388 | +€6,349 | +16183.8% |
| Suppliers | 440/4 | €39 | €6,388 | +€6,349 | +16183.8% |
| Taxes, remuneration and social security | 45 | €10,082 | €16,922 | +€6,840 | +67.8% |
| Taxes | 450/3 | €10,082 | €16,922 | +€6,840 | +67.8% |
| Other amounts payable | 47/48 | €34,593 | €73,741 | +€39,148 | +113.2% |
| Remuneration, social security and pensions | 62 | €5,066 | €4,981 | -€85 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,517 | €8,830 | +€3,313 | +60.0% |
| Other operating charges | 640/8 | €385 | €395 | +€10 | +2.7% |
| Gross operating margin | 9900 | €31,703 | €45,061 | +€13,358 | +42.1% |
| Operating profit (loss) | 9901 | €20,736 | €30,856 | +€10,120 | +48.8% |
| Financial income | 75/76B | €5,480 | - | -€5,480 | |
| Recurring financial income | 75 | €5,480 | - | -€5,480 | |
| Financial charges | 65/66B | €70 | €63 | -€7 | -9.4% |
| Recurring financial charges | 65 | €70 | €63 | -€7 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €26,146 | €30,793 | +€4,646 | +17.8% |
| Income taxes | 67/77 | €5,869 | €9,056 | +€3,186 | +54.3% |
| Profit (loss) for the period | 9904 | €20,277 | €21,737 | +€1,460 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,277 | €21,737 | +€1,460 | +7.2% |
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.