BOTERHOEK: 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
BOTERHOEK
NACE 01.410, Raising of dairy cattle
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€334,469
2024 · -€215,373-€119,096
Equity
€1.5m
2024 · €1.8m-€334,469
Cash
€21,751
2024 · €39,542-€17,791
Balance sheet total
€3.3m
2024 · €5.3m-€2.0m
Largest movements
Assets
- Stocks and contracts -€2.5m
down €2.5m (-96.8%), from €2.6m to €82,774
of which Contracts in progress: -€2.5m
- Receivables within one year +€629,349
up €629,349 (+135%), from €467,811 to €1.1m
of which Trade receivables: +€385,872
- Tangible fixed assets -€209,761
down €209,761 (-12.2%), from €1.7m to €1.5m
of which Land and buildings: -€194,675
Equity and liabilities
- Other debts -€1.6m
down €1.6m (-48.1%), from €3.3m to €1.7m
- Profit (loss) carried forward -€334,469
down €334,469, from €199,766 to -€134,703
- Trade debts -€98,157
down €98,157 (-56.6%), from €173,437 to €75,279
Income statement
- Gross operating margin -€107,805
down €107,805 (-92.3%), from -€116,742 to -€224,547
- Other operating charges +€8,392
up €8,392 (+63.2%), from €13,274 to €21,666
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
-€215,373
Gross operating margin
-€107,805
Staff costs
-€1,896
Depreciation
-€1,800
Other operating charges
-€8,392
Other operating items
+€45
Financial income
+€960
Financial charges
-€214
Taxes
+€6
Result 2025
-€334,469
raises the resultlowers the resultnot broken down further in the accounts
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
-€137,935
Investment
+€120,144
Financing
€0
Cash 2024
€39,542
From operations (derived)
-€137,935
Net result for the year
-€334,469
Depreciation
+€89,618
Receivables after one year
-€20,000
Stocks and contracts
+€2.5m
Receivables within one year
-€629,349
Deferred charges and accrued income
-€38,369
Trade debts
-€98,157
Smaller working-capital items
+€5,278
Other debts
-€1.6m
Investment (derived)
+€120,144
Investment in fixed assets (net)
+€120,144
Cash 2025
€21,751
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,321,845 | €3,294,496 | -€2.0m | -38.1% |
| Fixed assets | 21/28 | €1,740,614 | €1,530,852 | -€209,761 | -12.1% |
| Tangible fixed assets | 22/27 | €1,721,864 | €1,512,102 | -€209,761 | -12.2% |
| Land and buildings | 22 | €1,615,356 | €1,420,681 | -€194,675 | -12.1% |
| Plant, machinery and equipment | 23 | €49,504 | €45,981 | -€3,523 | -7.1% |
| Furniture and vehicles | 24 | €36,604 | €21,102 | -€15,502 | -42.4% |
| Other tangible fixed assets | 26 | €20,399 | €24,338 | +€3,939 | +19.3% |
| Financial fixed assets | 28 | €18,750 | €18,750 | = | 0.0% |
| Current assets | 29/58 | €3,581,231 | €1,763,644 | -€1.8m | -50.8% |
| Amounts receivable after more than one year | 29 | €372,500 | €392,500 | +€20,000 | +5.4% |
| Other amounts receivable | 291 | €372,500 | €392,500 | +€20,000 | +5.4% |
| Stocks and contracts in progress | 3 | €2,570,288 | €82,774 | -€2.5m | -96.8% |
| Stocks | 30/36 | €77,374 | €82,774 | +€5,400 | +7.0% |
| Contracts in progress | 37 | €2,492,914 | - | -€2.5m | |
| Amounts receivable within one year | 40/41 | €467,811 | €1,097,159 | +€629,349 | +135% |
| Trade receivables | 40 | €27,142 | €413,013 | +€385,872 | +1,422% |
| Other amounts receivable | 41 | €440,669 | €684,146 | +€243,477 | +55.3% |
| Cash at bank and in hand | 54/58 | €39,542 | €21,751 | -€17,791 | -45.0% |
| Deferred charges and accrued income | 490/1 | €131,091 | €169,460 | +€38,369 | +29.3% |
| Total equity and liabilities | 10/49 | €5,321,845 | €3,294,496 | -€2.0m | -38.1% |
| Equity | 10/15 | €1,815,443 | €1,480,974 | -€334,469 | -18.4% |
| Contributions | 10/11 | €931,581 | €931,581 | = | 0.0% |
| Capital | 10 | €931,581 | €931,581 | = | 0.0% |
| Issued capital | 100 | €931,581 | €931,581 | = | 0.0% |
| Revaluation surpluses | 12 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €34,096 | €34,096 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,096 | €34,096 | = | 0.0% |
| Legal reserve | 130 | €34,096 | €34,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | €199,766 | -€134,703 | -€334,469 | |
| Amounts payable | 17/49 | €3,506,401 | €1,813,522 | -€1.7m | -48.3% |
| Amounts payable within one year | 42/48 | €3,503,314 | €1,806,433 | -€1.7m | -48.4% |
| Trade debts | 44 | €173,437 | €75,279 | -€98,157 | -56.6% |
| Suppliers | 440/4 | €173,437 | €75,279 | -€98,157 | -56.6% |
| Taxes, remuneration and social security | 45 | €5,201 | €6,477 | +€1,276 | +24.5% |
| Taxes | 450/3 | €2,493 | €3,600 | +€1,107 | +44.4% |
| Remuneration and social security | 454/9 | €2,707 | €2,877 | +€170 | +6.3% |
| Other amounts payable | 47/48 | €3,324,676 | €1,724,676 | -€1.6m | -48.1% |
| Accrued charges and deferred income | 492/3 | €3,088 | €7,089 | +€4,002 | +130% |
| Non-recurring operating income | 76A | €2,500 | €434,134 | +€431,634 | +17,265% |
| Remuneration, social security and pensions | 62 | €39,313 | €41,209 | +€1,896 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,817 | €89,618 | +€1,800 | +2.0% |
| Other operating charges | 640/8 | €13,274 | €21,666 | +€8,392 | +63.2% |
| Non-recurring operating charges | 66A | €45 | - | -€45 | |
| Gross operating margin | 9900 | -€116,742 | -€224,547 | -€107,805 | -92.3% |
| Operating profit (loss) | 9901 | -€257,192 | -€377,040 | -€119,848 | -46.6% |
| Financial income | 75/76B | €42,514 | €43,474 | +€960 | +2.3% |
| Recurring financial income | 75 | €42,514 | €43,474 | +€960 | +2.3% |
| Financial charges | 65/66B | €26 | €240 | +€214 | +825% |
| Recurring financial charges | 65 | €26 | €240 | +€214 | +825% |
| Profit (loss) for the period before taxes | 9903 | -€214,704 | -€333,807 | -€119,102 | -55.5% |
| Income taxes | 67/77 | €669 | €663 | -€6 | -0.9% |
| Profit (loss) for the period | 9904 | -€215,373 | -€334,469 | -€119,096 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€215,373 | -€334,469 | -€119,096 | -55.3% |
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 15 October 2026 via checked.be.