BOTEX: 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.
BOTEX
Largest movements
- Receivables within one year +€11,124
up €11,124 (+60.2%), from €18,466 to €29,590
- Reserves +€9,517
up €9,517 (+2.7%), from €354,464 to €363,981
of which Distributable reserves: +€9,517
- Tax, wage and social debts -€6,101
down €6,101 (-44.4%), from €13,743 to €7,642
- Other debts +€4,122
up €4,122 (+47.3%), from €8,724 to €12,845
- Gross operating margin +€3,217
up €3,217 (+65.4%), from -€4,921 to -€1,704
- Financial income +€2,033
up €2,033 (+12.6%), from €16,152 to €18,185
- Financial charges +€836
up €836 (+111%), from €750 to €1,586
- Taxes +€673
up €673 (+16.2%), from €4,155 to €4,828
- Other operating charges -€139
down €139 (-67.8%), from €204 to €66
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €386,522 | €393,352 | +€6,830 | +1.8% |
| Fixed assets | 21/28 | €1,428 | €943 | -€485 | -34.0% |
| Tangible fixed assets | 22/27 | €1,428 | €943 | -€485 | -34.0% |
| Plant, machinery and equipment | 23 | €200 | €50 | -€150 | -75.0% |
| Other tangible fixed assets | 26 | €1,229 | €893 | -€335 | -27.3% |
| Current assets | 29/58 | €385,094 | €392,409 | +€7,315 | +1.9% |
| Amounts receivable after more than one year | 29 | €362,000 | €362,000 | = | 0.0% |
| Other amounts receivable | 291 | €362,000 | €362,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,466 | €29,590 | +€11,124 | +60.2% |
| Other amounts receivable | 41 | €18,466 | €29,590 | +€11,124 | +60.2% |
| Cash at bank and in hand | 54/58 | €4,628 | €819 | -€3,809 | -82.3% |
| Total equity and liabilities | 10/49 | €386,522 | €393,352 | +€6,830 | +1.8% |
| Equity | 10/15 | €362,622 | €372,138 | +€9,517 | +2.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €354,464 | €363,981 | +€9,517 | +2.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €352,605 | €362,122 | +€9,517 | +2.7% |
| Profit (loss) carried forward | 14 | €1,960 | €1,960 | = | 0.0% |
| Amounts payable | 17/49 | €23,900 | €21,214 | -€2,687 | -11.2% |
| Amounts payable within one year | 42/48 | €23,900 | €21,214 | -€2,687 | -11.2% |
| Trade debts | 44 | €1,434 | €726 | -€708 | -49.4% |
| Suppliers | 440/4 | €1,434 | €726 | -€708 | -49.4% |
| Taxes, remuneration and social security | 45 | €13,743 | €7,642 | -€6,101 | -44.4% |
| Taxes | 450/3 | €13,743 | €7,642 | -€6,101 | -44.4% |
| Other amounts payable | 47/48 | €8,724 | €12,845 | +€4,122 | +47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €485 | €485 | = | 0.0% |
| Other operating charges | 640/8 | €204 | €66 | -€139 | -67.8% |
| Gross operating margin | 9900 | -€4,921 | -€1,704 | +€3,217 | +65.4% |
| Operating profit (loss) | 9901 | -€5,610 | -€2,254 | +€3,356 | +59.8% |
| Financial income | 75/76B | €16,152 | €18,185 | +€2,033 | +12.6% |
| Recurring financial income | 75 | €16,152 | €18,185 | +€2,033 | +12.6% |
| Financial charges | 65/66B | €750 | €1,586 | +€836 | +111% |
| Recurring financial charges | 65 | €750 | €1,586 | +€836 | +111% |
| Profit (loss) for the period before taxes | 9903 | €9,792 | €14,345 | +€4,553 | +46.5% |
| Income taxes | 67/77 | €4,155 | €4,828 | +€673 | +16.2% |
| Profit (loss) for the period | 9904 | €5,637 | €9,517 | +€3,880 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,637 | €9,517 | +€3,880 | +68.8% |
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 19 October 2026 via checked.be.