BOTREX: 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.
BOTREX
Largest movements
- Receivables within one year -€60,027
down €60,027 (-30.2%), from €198,979 to €138,952
of which Trade receivables: -€57,537
- Tangible fixed assets -€3,996
down €3,996 (-27.7%), from €14,451 to €10,454
of which Plant, machinery and equipment: -€12,855
- Cash +€2,713
up €2,713, from €0 to €2,713
mainly Receivables within one year (+€60,027) and Advances received (+€10,000)
- Trade debts -€48,878
down €48,878 (-29.4%), from €166,012 to €117,134
- Profit (loss) carried forward -€22,310
down €22,310 (-177.7%), from -€12,557 to -€34,866
- Advances received +€10,000
up €10,000, from €0 to €10,000
- Gross operating margin -€12,794
down €12,794, from €1,175 to -€11,619
- Depreciation -€9,692
down €9,692 (-70.8%), from €13,688 to €3,996
- Taxes +€5,622
up €5,622, from -€2,060 to €3,562
- Financial income -€4,579
down €4,579 (-99.9%), from €4,583 to €5
- Other operating charges -€4,300
down €4,300 (-71.0%), from €6,059 to €1,760
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 | €214,371 | €152,118 | -€62,253 | -29.0% |
| Fixed assets | 21/28 | €14,451 | €10,454 | -€3,996 | -27.7% |
| Tangible fixed assets | 22/27 | €14,451 | €10,454 | -€3,996 | -27.7% |
| Plant, machinery and equipment | 23 | €12,855 | €0 | -€12,855 | -100.0% |
| Furniture and vehicles | 24 | €1,595 | €10,454 | +€8,859 | +555.4% |
| Current assets | 29/58 | €199,920 | €141,664 | -€58,256 | -29.1% |
| Amounts receivable within one year | 40/41 | €198,979 | €138,952 | -€60,027 | -30.2% |
| Trade receivables | 40 | €86,020 | €28,483 | -€57,537 | -66.9% |
| Other amounts receivable | 41 | €112,959 | €110,469 | -€2,490 | -2.2% |
| Cash at bank and in hand | 54/58 | €0 | €2,713 | +€2,713 | |
| Deferred charges and accrued income | 490/1 | €942 | €0 | -€942 | -100.0% |
| Total equity and liabilities | 10/49 | €214,371 | €152,118 | -€62,253 | -29.0% |
| Equity | 10/15 | €47,293 | €24,984 | -€22,310 | -47.2% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €41,100 | €41,100 | = | 0.0% |
| Distributable reserves | 133 | €41,100 | €41,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,557 | -€34,866 | -€22,310 | -177.7% |
| Amounts payable | 17/49 | €167,077 | €127,134 | -€39,943 | -23.9% |
| Amounts payable within one year | 42/48 | €166,936 | €127,134 | -€39,802 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €924 | €0 | -€924 | -100.0% |
| Credit institutions | 430/8 | €924 | €0 | -€924 | -100.0% |
| Trade debts | 44 | €166,012 | €117,134 | -€48,878 | -29.4% |
| Suppliers | 440/4 | €166,012 | €117,134 | -€48,878 | -29.4% |
| Advances received on contracts in progress | 46 | €0 | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €141 | €0 | -€141 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €669 | +€669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,688 | €3,996 | -€9,692 | -70.8% |
| Other operating charges | 640/8 | €6,059 | €1,760 | -€4,300 | -71.0% |
| Gross operating margin | 9900 | €1,175 | -€11,619 | -€12,794 | |
| Operating profit (loss) | 9901 | -€18,573 | -€18,043 | +€530 | +2.9% |
| Financial income | 75/76B | €4,583 | €5 | -€4,579 | -99.9% |
| Recurring financial income | 75 | €4,583 | €5 | -€4,579 | -99.9% |
| Financial charges | 65/66B | €733 | €709 | -€24 | -3.3% |
| Recurring financial charges | 65 | €733 | €709 | -€24 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,723 | -€18,747 | -€4,025 | -27.3% |
| Income taxes | 67/77 | -€2,060 | €3,562 | +€5,622 | |
| Profit (loss) for the period | 9904 | -€12,663 | -€22,310 | -€9,647 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,663 | -€22,310 | -€9,647 | -76.2% |
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.