BOTEX: 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.
BOTEX
Largest movements
- Cash +€267,708
up €267,708 (+38.6%), from €693,315 to €961,023
mainly Receivables within one year (+€124,945) and Net result for the year (+€122,701)
- Receivables within one year -€124,945
down €124,945 (-19.2%), from €652,315 to €527,370
- Other debts +€98,433
up €98,433 (+73.4%), from €134,119 to €232,552
- Tax, wage and social debts +€31,718
up €31,718 (+132.6%), from €23,923 to €55,642
- Financial income +€13,974
up €13,974 (+27.7%), from €50,375 to €64,349
- Gross operating margin -€4,676
down €4,676 (-3.8%), from €122,968 to €118,292
- Taxes +€3,312
up €3,312 (+6.6%), from €50,374 to €53,686
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 | €1,355,908 | €1,497,168 | +€141,261 | +10.4% |
| Fixed assets | 21/28 | €10,277 | €8,231 | -€2,046 | -19.9% |
| Tangible fixed assets | 22/27 | €10,277 | €8,231 | -€2,046 | -19.9% |
| Plant, machinery and equipment | 23 | €725 | €207 | -€518 | -71.5% |
| Furniture and vehicles | 24 | €9,552 | €8,024 | -€1,528 | -16.0% |
| Current assets | 29/58 | €1,345,630 | €1,488,937 | +€143,307 | +10.6% |
| Amounts receivable within one year | 40/41 | €652,315 | €527,370 | -€124,945 | -19.2% |
| Other amounts receivable | 41 | €652,315 | €527,370 | -€124,945 | -19.2% |
| Cash at bank and in hand | 54/58 | €693,315 | €961,023 | +€267,708 | +38.6% |
| Deferred charges and accrued income | 490/1 | - | €544 | +€544 | |
| Total equity and liabilities | 10/49 | €1,355,908 | €1,497,168 | +€141,261 | +10.4% |
| Equity | 10/15 | €1,194,443 | €1,208,127 | +€13,684 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,175,843 | €1,189,527 | +€13,684 | +1.2% |
| Tax-exempt reserves | 132 | €9,041 | €9,041 | = | 0.0% |
| Distributable reserves | 133 | €1,166,802 | €1,180,486 | +€13,684 | +1.2% |
| Amounts payable | 17/49 | €161,464 | €289,041 | +€127,577 | +79.0% |
| Amounts payable within one year | 42/48 | €161,464 | €289,041 | +€127,577 | +79.0% |
| Trade debts | 44 | €3,422 | €847 | -€2,574 | -75.2% |
| Suppliers | 440/4 | €3,422 | €847 | -€2,574 | -75.2% |
| Taxes, remuneration and social security | 45 | €23,923 | €55,642 | +€31,718 | +132.6% |
| Taxes | 450/3 | €23,923 | €55,642 | +€31,718 | +132.6% |
| Other amounts payable | 47/48 | €134,119 | €232,552 | +€98,433 | +73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,754 | €4,652 | -€102 | -2.2% |
| Other operating charges | 640/8 | €1,290 | €1,506 | +€216 | +16.7% |
| Gross operating margin | 9900 | €122,968 | €118,292 | -€4,676 | -3.8% |
| Operating profit (loss) | 9901 | €116,924 | €112,134 | -€4,789 | -4.1% |
| Financial income | 75/76B | €50,375 | €64,349 | +€13,974 | +27.7% |
| Recurring financial income | 75 | €50,375 | €64,349 | +€13,974 | +27.7% |
| Financial charges | 65/66B | €167 | €96 | -€72 | -42.8% |
| Recurring financial charges | 65 | €167 | €96 | -€72 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €167,132 | €176,388 | +€9,256 | +5.5% |
| Income taxes | 67/77 | €50,374 | €53,686 | +€3,312 | +6.6% |
| Profit (loss) for the period | 9904 | €116,758 | €122,701 | +€5,944 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,758 | €122,701 | +€5,944 | +5.1% |
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.