BOTHAN: 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.
BOTHAN
Largest movements
- Current investments -€59,363
down €59,363 (-48.0%), from €123,798 to €64,435
- Tangible fixed assets +€56,281
up €56,281 (+3171.4%), from €1,775 to €58,056
of which Leasing and similar rights: +€57,205
- Receivables within one year -€8,242
down €8,242 (-44.3%), from €18,609 to €10,367
of which Trade receivables: -€13,642
- Cash +€8,019
up €8,019 (+22.7%), from €35,330 to €43,349
mainly Current investments (+€59,363) and Debts after one year (+€44,614)
- Reserves -€60,000
down €60,000 (-47.9%), from €125,360 to €65,360
of which Distributable reserves: -€60,000
- Debts after one year +€44,614
new in 2025: €44,614
- Current portion of long-term debt +€13,221
new in 2025: €13,221
- Gross operating margin +€20,027
up €20,027 (+150.7%), from €13,293 to €33,320
- Other operating charges +€14,702
up €14,702 (+649.7%), from €2,263 to €16,965
- Depreciation +€11,123
up €11,123 (+972.3%), from €1,144 to €12,267
- Financial income -€2,374
down €2,374 (-56.6%), from €4,192 to €1,818
- Financial charges +€771
up €771 (+83.3%), from €925 to €1,696
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 | €180,252 | €177,217 | -€3,035 | -1.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,775 | €58,056 | +€56,281 | +3171.4% |
| Tangible fixed assets | 22/27 | €1,775 | €58,056 | +€56,281 | +3171.4% |
| Furniture and vehicles | 24 | €1,775 | €851 | -€924 | -52.1% |
| Leasing and similar rights | 25 | - | €57,205 | +€57,205 | |
| Current assets | 29/58 | €178,478 | €119,161 | -€59,317 | -33.2% |
| Amounts receivable within one year | 40/41 | €18,609 | €10,367 | -€8,242 | -44.3% |
| Trade receivables | 40 | €15,059 | €1,417 | -€13,642 | -90.6% |
| Other amounts receivable | 41 | €3,550 | €8,950 | +€5,400 | +152.1% |
| Current investments | 50/53 | €123,798 | €64,435 | -€59,363 | -48.0% |
| Cash at bank and in hand | 54/58 | €35,330 | €43,349 | +€8,019 | +22.7% |
| Deferred charges and accrued income | 490/1 | €740 | €1,010 | +€269 | +36.4% |
| Total equity and liabilities | 10/49 | €180,252 | €177,217 | -€3,035 | -1.7% |
| Equity | 10/15 | €160,578 | €99,641 | -€60,937 | -37.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,360 | €65,360 | -€60,000 | -47.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €123,500 | €63,500 | -€60,000 | -48.6% |
| Profit (loss) carried forward | 14 | €16,618 | €15,681 | -€937 | -5.6% |
| Amounts payable | 17/49 | €19,674 | €77,576 | +€57,902 | +294.3% |
| Amounts payable after more than one year | 17 | - | €44,614 | +€44,614 | |
| Financial debts | 170/4 | - | €44,614 | +€44,614 | |
| Amounts payable within one year | 42/48 | €19,674 | €32,962 | +€13,288 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | - | €13,221 | +€13,221 | |
| Trade debts | 44 | €208 | €87 | -€121 | -58.3% |
| Suppliers | 440/4 | €208 | €87 | -€121 | -58.3% |
| Taxes, remuneration and social security | 45 | €4,624 | €5,908 | +€1,284 | +27.8% |
| Taxes | 450/3 | €4,624 | €5,908 | +€1,284 | +27.8% |
| Other amounts payable | 47/48 | €14,841 | €13,746 | -€1,095 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,144 | €12,267 | +€11,123 | +972.3% |
| Other operating charges | 640/8 | €2,263 | €16,965 | +€14,702 | +649.7% |
| Gross operating margin | 9900 | €13,293 | €33,320 | +€20,027 | +150.7% |
| Operating profit (loss) | 9901 | €9,886 | €4,087 | -€5,799 | -58.7% |
| Financial income | 75/76B | €4,192 | €1,818 | -€2,374 | -56.6% |
| Recurring financial income | 75 | €4,192 | €1,818 | -€2,374 | -56.6% |
| Financial charges | 65/66B | €925 | €1,696 | +€771 | +83.3% |
| Recurring financial charges | 65 | €925 | €1,696 | +€771 | +83.3% |
| Profit (loss) for the period before taxes | 9903 | €13,153 | €4,208 | -€8,944 | -68.0% |
| Income taxes | 67/77 | €5,199 | €5,145 | -€53 | -1.0% |
| Profit (loss) for the period | 9904 | €7,954 | -€937 | -€8,891 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,954 | -€937 | -€8,891 |
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.