BoToLi: 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.
BoToLi
Largest movements
- Cash -€23,350
down €23,350 (-45.1%), from €51,795 to €28,445
mainly Net result for the year (-€66,192) and Investment in fixed assets (net) (-€18,452)
- Receivables within one year +€9,699
up €9,699 (+79.9%), from €12,143 to €21,842
of which Trade receivables: +€9,603
- Tangible fixed assets +€4,537
up €4,537 (+9.2%), from €49,195 to €53,732
of which Furniture and vehicles: +€8,138
- Deferred charges and accrued income -€2,451
down €2,451 (-39.3%), from €6,230 to €3,779
- Stocks and contracts -€1,453
down €1,453 (-41.8%), from €3,477 to €2,023
- Profit (loss) carried forward -€66,192
down €66,192, from €28,186 to -€38,006
- Tax, wage and social debts +€39,460
up €39,460 (+243.3%), from €16,221 to €55,681
of which Remuneration and social security: +€42,710
- Debts after one year +€9,261
new in 2025: €9,261
- Current portion of long-term debt +€3,401
new in 2025: €3,401
- Trade debts +€3,135
up €3,135 (+4.5%), from €70,204 to €73,338
- Staff costs +€92,196
up €92,196 (+58.5%), from €157,547 to €249,743
- Gross operating margin +€23,764
up €23,764 (+12.5%), from €190,760 to €214,524
- Financial charges +€6,973
up €6,973 (+214.7%), from €3,248 to €10,222
- Depreciation +€6,527
up €6,527 (+97.6%), from €6,689 to €13,216
- Taxes -€4,206
down €4,206 (-96.5%), from €4,359 to €153
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 | €125,824 | €113,505 | -€12,320 | -9.8% |
| Fixed assets | 21/28 | €52,180 | €57,416 | +€5,236 | +10.0% |
| Tangible fixed assets | 22/27 | €49,195 | €53,732 | +€4,537 | +9.2% |
| Plant, machinery and equipment | 23 | €24,931 | €21,804 | -€3,127 | -12.5% |
| Furniture and vehicles | 24 | €19,764 | €27,903 | +€8,138 | +41.2% |
| Other tangible fixed assets | 26 | €4,500 | €4,026 | -€474 | -10.5% |
| Financial fixed assets | 28 | €2,985 | €3,684 | +€699 | +23.4% |
| Current assets | 29/58 | €73,645 | €56,089 | -€17,556 | -23.8% |
| Stocks and contracts in progress | 3 | €3,477 | €2,023 | -€1,453 | -41.8% |
| Stocks | 30/36 | €3,477 | €2,023 | -€1,453 | -41.8% |
| Amounts receivable within one year | 40/41 | €12,143 | €21,842 | +€9,699 | +79.9% |
| Trade receivables | 40 | €8,924 | €18,527 | +€9,603 | +107.6% |
| Other amounts receivable | 41 | €3,219 | €3,315 | +€96 | +3.0% |
| Cash at bank and in hand | 54/58 | €51,795 | €28,445 | -€23,350 | -45.1% |
| Deferred charges and accrued income | 490/1 | €6,230 | €3,779 | -€2,451 | -39.3% |
| Total equity and liabilities | 10/49 | €125,824 | €113,505 | -€12,320 | -9.8% |
| Equity | 10/15 | €33,186 | -€33,006 | -€66,192 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,186 | -€38,006 | -€66,192 | |
| Amounts payable | 17/49 | €92,638 | €146,510 | +€53,872 | +58.2% |
| Amounts payable after more than one year | 17 | - | €9,261 | +€9,261 | |
| Financial debts | 170/4 | - | €9,261 | +€9,261 | |
| Amounts payable within one year | 42/48 | €92,227 | €137,249 | +€45,022 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,401 | +€3,401 | |
| Trade debts | 44 | €70,204 | €73,338 | +€3,135 | +4.5% |
| Suppliers | 440/4 | €70,204 | €73,338 | +€3,135 | +4.5% |
| Taxes, remuneration and social security | 45 | €16,221 | €55,681 | +€39,460 | +243.3% |
| Taxes | 450/3 | €7,762 | €4,512 | -€3,250 | -41.9% |
| Remuneration and social security | 454/9 | €8,459 | €51,169 | +€42,710 | +504.9% |
| Other amounts payable | 47/48 | €5,803 | €4,829 | -€974 | -16.8% |
| Accrued charges and deferred income | 492/3 | €411 | - | -€411 | |
| Remuneration, social security and pensions | 62 | €157,547 | €249,743 | +€92,196 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,689 | €13,216 | +€6,527 | +97.6% |
| Other operating charges | 640/8 | €891 | €4,717 | +€3,826 | +429.6% |
| Non-recurring operating charges | 66A | - | €2,751 | +€2,751 | |
| Gross operating margin | 9900 | €190,760 | €214,524 | +€23,764 | +12.5% |
| Operating profit (loss) | 9901 | €25,633 | -€55,903 | -€81,536 | |
| Financial income | 75/76B | €15 | €86 | +€70 | +454.9% |
| Recurring financial income | 75 | €15 | €86 | +€70 | +454.9% |
| Financial charges | 65/66B | €3,248 | €10,222 | +€6,973 | +214.7% |
| Recurring financial charges | 65 | €3,248 | €10,222 | +€6,973 | +214.7% |
| Profit (loss) for the period before taxes | 9903 | €22,400 | -€66,039 | -€88,439 | |
| Income taxes | 67/77 | €4,359 | €153 | -€4,206 | -96.5% |
| Profit (loss) for the period | 9904 | €18,041 | -€66,192 | -€84,232 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,041 | -€66,192 | -€84,232 |
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 3 October 2026 via checked.be.