BOTINI: 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.
BOTINI
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash -€165,520
down €165,520 (-74.5%), from €222,177 to €56,657
- Receivables within one year -€26,837
down €26,837 (-50.8%), from €52,793 to €25,956
of which Trade receivables: -€18,150
- Tangible fixed assets +€11,159
new in 2025: €11,159
of which Plant, machinery and equipment: +€7,125
- Deferred charges and accrued income +€6,907
up €6,907 (+4317.0%), from €160 to €7,067
- Reserves +€341,590
up €341,590 (+192.1%), from €177,779 to €519,369
- Tax, wage and social debts -€24,817
down €24,817 (-26.4%), from €93,846 to €69,029
- Trade debts +€7,414
up €7,414 (+296.0%), from €2,505 to €9,919
- Gross operating margin -€53,598
down €53,598 (-21.1%), from €254,356 to €200,759
- Taxes -€19,305
down €19,305 (-25.3%), from €76,297 to €56,992
- Depreciation +€6,339
new in 2025: €6,339
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,130 | €600,839 | +€325,709 | +118.4% |
| Fixed assets | 21/28 | - | €11,159 | +€11,159 | |
| Tangible fixed assets | 22/27 | - | €11,159 | +€11,159 | |
| Plant, machinery and equipment | 23 | - | €7,125 | +€7,125 | |
| Furniture and vehicles | 24 | - | €4,034 | +€4,034 | |
| Current assets | 29/58 | €275,130 | €589,681 | +€314,551 | +114.3% |
| Amounts receivable within one year | 40/41 | €52,793 | €25,956 | -€26,837 | -50.8% |
| Trade receivables | 40 | €44,098 | €25,948 | -€18,150 | -41.2% |
| Other amounts receivable | 41 | €8,695 | €8 | -€8,687 | -99.9% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €222,177 | €56,657 | -€165,520 | -74.5% |
| Deferred charges and accrued income | 490/1 | €160 | €7,067 | +€6,907 | +4317.0% |
| Total equity and liabilities | 10/49 | €275,130 | €600,839 | +€325,709 | +118.4% |
| Equity | 10/15 | €178,779 | €520,369 | +€341,590 | +191.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €177,779 | €519,369 | +€341,590 | +192.1% |
| Distributable reserves | 133 | €177,779 | €519,369 | +€341,590 | +192.1% |
| Amounts payable | 17/49 | €96,351 | €80,470 | -€15,881 | -16.5% |
| Amounts payable within one year | 42/48 | €96,351 | €80,470 | -€15,881 | -16.5% |
| Trade debts | 44 | €2,505 | €9,919 | +€7,414 | +296.0% |
| Suppliers | 440/4 | €2,505 | €9,919 | +€7,414 | +296.0% |
| Taxes, remuneration and social security | 45 | €93,846 | €69,029 | -€24,817 | -26.4% |
| Taxes | 450/3 | €93,846 | €69,029 | -€24,817 | -26.4% |
| Other amounts payable | 47/48 | - | €1,522 | +€1,522 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,339 | +€6,339 | |
| Other operating charges | 640/8 | €100 | €266 | +€166 | +165.5% |
| Gross operating margin | 9900 | €254,356 | €200,759 | -€53,598 | -21.1% |
| Operating profit (loss) | 9901 | €254,256 | €194,154 | -€60,102 | -23.6% |
| Financial charges | 65/66B | €180 | €1,094 | +€914 | +507.6% |
| Recurring financial charges | 65 | €180 | €1,094 | +€914 | +507.6% |
| Profit (loss) for the period before taxes | 9903 | €254,076 | €193,061 | -€61,016 | -24.0% |
| Income taxes | 67/77 | €76,297 | €56,992 | -€19,305 | -25.3% |
| Profit (loss) for the period | 9904 | €177,779 | €136,069 | -€41,711 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €177,779 | €136,069 | -€41,711 | -23.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.