BoTho: 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.
BoTho
Largest movements
- Cash -€188,876
down €188,876 (-59.6%), from €317,082 to €128,205
mainly Contributions, distributions and other (-€800,000) and Tax, wage and social debts (-€13,637)
- Deferred charges and accrued income -€17,300
down €17,300 (-9.0%), from €192,520 to €175,220
- Receivables within one year +€9,212
up €9,212 (+54.7%), from €16,849 to €26,061
of which Other amounts receivable: +€15,212
- Profit (loss) carried forward -€492,550
down €492,550 (-99.6%), from €494,314 to €1,764
- Other debts +€310,000
new in 2025: €310,000
- Tax, wage and social debts -€13,637
down €13,637 (-65.2%), from €20,912 to €7,276
of which Taxes: -€18,476
- Gross operating margin -€39,129
down €39,129 (-8.2%), from €477,678 to €438,549
- Taxes -€11,040
down €11,040 (-10.2%), from €108,745 to €97,705
- Staff costs +€5,038
up €5,038 (+21.1%), from €23,930 to €28,968
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 | €541,288 | €345,482 | -€195,806 | -36.2% |
| Fixed assets | 21/28 | €14,837 | €15,995 | +€1,158 | +7.8% |
| Tangible fixed assets | 22/27 | €14,837 | €15,995 | +€1,158 | +7.8% |
| Land and buildings | 22 | €10,036 | €9,396 | -€641 | -6.4% |
| Plant, machinery and equipment | 23 | €642 | - | -€642 | |
| Furniture and vehicles | 24 | €3,388 | €6,599 | +€3,212 | +94.8% |
| Other tangible fixed assets | 26 | €770 | - | -€770 | |
| Current assets | 29/58 | €526,451 | €329,487 | -€196,964 | -37.4% |
| Amounts receivable within one year | 40/41 | €16,849 | €26,061 | +€9,212 | +54.7% |
| Trade receivables | 40 | €6,000 | - | -€6,000 | |
| Other amounts receivable | 41 | €10,849 | €26,061 | +€15,212 | +140.2% |
| Cash at bank and in hand | 54/58 | €317,082 | €128,205 | -€188,876 | -59.6% |
| Deferred charges and accrued income | 490/1 | €192,520 | €175,220 | -€17,300 | -9.0% |
| Total equity and liabilities | 10/49 | €541,288 | €345,482 | -€195,806 | -36.2% |
| Equity | 10/15 | €514,774 | €22,224 | -€492,550 | -95.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €494,314 | €1,764 | -€492,550 | -99.6% |
| Amounts payable | 17/49 | €26,514 | €323,258 | +€296,744 | +1119.2% |
| Amounts payable within one year | 42/48 | €23,260 | €318,360 | +€295,100 | +1268.7% |
| Trade debts | 44 | €2,348 | €1,085 | -€1,264 | -53.8% |
| Suppliers | 440/4 | €2,348 | €1,085 | -€1,264 | -53.8% |
| Taxes, remuneration and social security | 45 | €20,912 | €7,276 | -€13,637 | -65.2% |
| Taxes | 450/3 | €20,912 | €2,436 | -€18,476 | -88.4% |
| Remuneration and social security | 454/9 | - | €4,839 | +€4,839 | |
| Other amounts payable | 47/48 | - | €310,000 | +€310,000 | |
| Accrued charges and deferred income | 492/3 | €3,254 | €4,898 | +€1,644 | +50.5% |
| Remuneration, social security and pensions | 62 | €23,930 | €28,968 | +€5,038 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,246 | €3,629 | +€383 | +11.8% |
| Other operating charges | 640/8 | €780 | €211 | -€569 | -72.9% |
| Gross operating margin | 9900 | €477,678 | €438,549 | -€39,129 | -8.2% |
| Operating profit (loss) | 9901 | €449,722 | €405,741 | -€43,981 | -9.8% |
| Financial charges | 65/66B | €1,129 | €586 | -€543 | -48.1% |
| Recurring financial charges | 65 | €1,129 | €586 | -€543 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €448,593 | €405,155 | -€43,438 | -9.7% |
| Income taxes | 67/77 | €108,745 | €97,705 | -€11,040 | -10.2% |
| Profit (loss) for the period | 9904 | €339,848 | €307,450 | -€32,398 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €339,848 | €307,450 | -€32,398 | -9.5% |
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 8 October 2026 via checked.be.