Botraco: what changed
Two financial 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.
Botraco
Largest movements
- Tangible fixed assets +€158,041
up €158,041 (+66.9%), from €236,092 to €394,133
of which Leasing and similar rights: +€107,159
- Deferred charges and accrued income +€26,691
up €26,691 (+198%), from €13,448 to €40,138
- Cash +€9,311
up €9,311 (+40.6%), from €22,949 to €32,260
mainly Debts after one year (+€106,584) and Depreciation (+€82,214)
- Debts after one year +€106,584
up €106,584 (+101%), from €105,791 to €212,375
- Current portion of long-term debt +€51,912
up €51,912 (+181%), from €28,616 to €80,528
- Trade debts +€29,318
up €29,318 (+129%), from €22,658 to €51,976
- Profit (loss) carried forward -€14,779
new in 2025: -€14,779
- Other debts +€12,879
up €12,879 (+11.7%), from €110,357 to €123,236
- Depreciation +€33,035
up €33,035 (+67.2%), from €49,179 to €82,214
- Other operating charges -€30,311
down €30,311 (-87.2%), from €34,748 to €4,437
- Gross operating margin -€27,081
down €27,081 (-19.7%), from €137,733 to €110,653
- Staff costs +€23,420
up €23,420 (+486%), from €4,817 to €28,237
- Taxes -€9,511
down €9,511 (-100%), from €9,511 to €0
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.
Derived cash bridge
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 | €318,509 | €511,573 | +€193,065 | +60.6% |
| Fixed assets | 21/28 | €236,092 | €396,133 | +€160,041 | +67.8% |
| Tangible fixed assets | 22/27 | €236,092 | €394,133 | +€158,041 | +66.9% |
| Plant, machinery and equipment | 23 | - | €1,103 | +€1,103 | |
| Furniture and vehicles | 24 | €103,457 | €153,236 | +€49,779 | +48.1% |
| Leasing and similar rights | 25 | €132,635 | €239,793 | +€107,159 | +80.8% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €82,417 | €115,441 | +€33,024 | +40.1% |
| Amounts receivable within one year | 40/41 | €46,020 | €43,042 | -€2,978 | -6.5% |
| Trade receivables | 40 | €46,020 | €41,629 | -€4,391 | -9.5% |
| Other amounts receivable | 41 | - | €1,414 | +€1,414 | |
| Cash at bank and in hand | 54/58 | €22,949 | €32,260 | +€9,311 | +40.6% |
| Deferred charges and accrued income | 490/1 | €13,448 | €40,138 | +€26,691 | +198% |
| Total equity and liabilities | 10/49 | €318,509 | €511,573 | +€193,065 | +60.6% |
| Equity | 10/15 | €43,176 | €28,397 | -€14,779 | -34.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €33,176 | €33,176 | = | 0.0% |
| Distributable reserves | 133 | €33,176 | €33,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,779 | -€14,779 | |
| Amounts payable | 17/49 | €275,333 | €483,176 | +€207,844 | +75.5% |
| Amounts payable after more than one year | 17 | €105,791 | €212,375 | +€106,584 | +101% |
| Financial debts | 170/4 | €105,791 | €212,375 | +€106,584 | +101% |
| Amounts payable within one year | 42/48 | €169,542 | €270,801 | +€101,260 | +59.7% |
| Current portion of amounts payable after more than one year | 42 | €28,616 | €80,528 | +€51,912 | +181% |
| Trade debts | 44 | €22,658 | €51,976 | +€29,318 | +129% |
| Suppliers | 440/4 | €22,658 | €51,976 | +€29,318 | +129% |
| Taxes, remuneration and social security | 45 | €7,910 | €15,061 | +€7,151 | +90.4% |
| Taxes | 450/3 | €7,763 | €12,329 | +€4,566 | +58.8% |
| Remuneration and social security | 454/9 | €147 | €2,732 | +€2,586 | +1,761% |
| Other amounts payable | 47/48 | €110,357 | €123,236 | +€12,879 | +11.7% |
| Remuneration, social security and pensions | 62 | €4,817 | €28,237 | +€23,420 | +486% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,179 | €82,214 | +€33,035 | +67.2% |
| Other operating charges | 640/8 | €34,748 | €4,437 | -€30,311 | -87.2% |
| Gross operating margin | 9900 | €137,733 | €110,653 | -€27,081 | -19.7% |
| Operating profit (loss) | 9901 | €48,989 | -€4,235 | -€53,224 | |
| Financial income | 75/76B | €83 | €52 | -€31 | -37.6% |
| Recurring financial income | 75 | €83 | €52 | -€31 | -37.6% |
| Financial charges | 65/66B | €6,385 | €10,595 | +€4,210 | +65.9% |
| Recurring financial charges | 65 | €6,385 | €10,595 | +€4,210 | +65.9% |
| Profit (loss) for the period before taxes | 9903 | €42,687 | -€14,779 | -€57,466 | |
| Income taxes | 67/77 | €9,511 | €0 | -€9,511 | -100% |
| Profit (loss) for the period | 9904 | €33,176 | -€14,779 | -€47,955 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,176 | -€14,779 | -€47,955 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.