BOTTIN ENGLEBERT: 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.
What changed
BOTTIN ENGLEBERT
NACE 47.559, Retail sale of other household articles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€34,190
2024 · €25,004-€59,194
Equity
€114,158
2024 · €148,348-€34,190
Cash
€47,413
2024 · €54,867-€7,454
Balance sheet total
€1.1m
2024 · €1.0m+€117,434
Largest movements
Assets
- Tangible fixed assets +€186,780
up €186,780 (+22.7%), from €823,223 to €1.0m
of which Land and buildings: +€203,993
- Receivables within one year -€84,455
down €84,455 (-77.6%), from €108,775 to €24,319
of which Trade receivables: -€85,315
- Stocks and contracts +€17,190
up €17,190 (+50.2%), from €34,265 to €51,455
Equity and liabilities
- Debts after one year +€216,578
up €216,578 (+35.9%), from €603,569 to €820,148
- Trade debts -€77,655
down €77,655 (-63.4%), from €122,445 to €44,790
- Profit (loss) carried forward -€34,190
down €34,190 (-26.5%), from €129,260 to €95,070
- Tax, wage and social debts +€17,289
up €17,289 (+38.7%), from €44,636 to €61,925
of which Remuneration and social security: +€16,338
Income statement
- Staff costs +€45,279
up €45,279 (+17.2%), from €262,830 to €308,110
- Depreciation +€13,204
up €13,204 (+22.1%), from €59,766 to €72,970
- Gross operating margin +€8,957
up €8,957 (+2.4%), from €380,770 to €389,726
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.
Result 2024
€25,004
Gross operating margin
+€8,957
Staff costs
-€45,279
Depreciation
-€13,204
Other operating charges
+€1,434
Other operating items
-€6,448
Financial income
+€341
Financial charges
-€1,288
Taxes
-€3,706
Result 2025
-€34,190
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€48,627
Investment
-€263,111
Financing
+€207,031
Cash 2024
€54,867
From operations (derived)
+€48,627
Net result for the year
-€34,190
Depreciation
+€72,970
Stocks and contracts
-€17,190
Receivables within one year
+€84,455
Deferred charges and accrued income
-€2,012
Trade debts
-€77,655
Tax, wage and social debts
+€17,289
Other debts
-€78
Accrued charges and deferred income
+€5,039
Investment (derived)
-€263,111
Investment in fixed assets (net)
-€263,111
Financing
+€207,031
Debts after one year
+€216,578
Current portion of long-term debt
-€9,548
Cash 2025
€47,413
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,025,736 | €1,143,170 | +€117,434 | +11.4% |
| Fixed assets | 21/28 | €823,967 | €1,014,108 | +€190,141 | +23.1% |
| Intangible fixed assets | 21 | €744 | €4,106 | +€3,361 | +452% |
| Tangible fixed assets | 22/27 | €823,223 | €1,010,002 | +€186,780 | +22.7% |
| Land and buildings | 22 | €719,428 | €923,422 | +€203,993 | +28.4% |
| Plant, machinery and equipment | 23 | €100,860 | €86,095 | -€14,765 | -14.6% |
| Furniture and vehicles | 24 | €804 | €485 | -€319 | -39.6% |
| Assets under construction and advance payments | 27 | €2,130 | €0 | -€2,130 | -100% |
| Current assets | 29/58 | €201,769 | €129,062 | -€72,707 | -36.0% |
| Stocks and contracts in progress | 3 | €34,265 | €51,455 | +€17,190 | +50.2% |
| Stocks | 30/36 | €34,265 | €51,455 | +€17,190 | +50.2% |
| Amounts receivable within one year | 40/41 | €108,775 | €24,319 | -€84,455 | -77.6% |
| Trade receivables | 40 | €96,229 | €10,914 | -€85,315 | -88.7% |
| Other amounts receivable | 41 | €12,546 | €13,406 | +€860 | +6.9% |
| Cash at bank and in hand | 54/58 | €54,867 | €47,413 | -€7,454 | -13.6% |
| Deferred charges and accrued income | 490/1 | €3,862 | €5,874 | +€2,012 | +52.1% |
| Total equity and liabilities | 10/49 | €1,025,736 | €1,143,170 | +€117,434 | +11.4% |
| Equity | 10/15 | €148,348 | €114,158 | -€34,190 | -23.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €488 | €488 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €488 | €488 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,260 | €95,070 | -€34,190 | -26.5% |
| Amounts payable | 17/49 | €877,388 | €1,029,012 | +€151,624 | +17.3% |
| Amounts payable after more than one year | 17 | €603,569 | €820,148 | +€216,578 | +35.9% |
| Financial debts | 170/4 | €603,569 | €820,148 | +€216,578 | +35.9% |
| Amounts payable within one year | 42/48 | €273,819 | €203,826 | -€69,993 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €53,317 | €43,769 | -€9,548 | -17.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €122,445 | €44,790 | -€77,655 | -63.4% |
| Suppliers | 440/4 | €122,445 | €44,790 | -€77,655 | -63.4% |
| Taxes, remuneration and social security | 45 | €44,636 | €61,925 | +€17,289 | +38.7% |
| Taxes | 450/3 | €9,533 | €10,484 | +€951 | +10.0% |
| Remuneration and social security | 454/9 | €35,103 | €51,441 | +€16,338 | +46.5% |
| Other amounts payable | 47/48 | €53,420 | €53,342 | -€78 | -0.1% |
| Accrued charges and deferred income | 492/3 | €0 | €5,039 | +€5,039 | |
| Non-recurring operating income | 76A | €22,688 | €1,128 | -€21,560 | -95.0% |
| Remuneration, social security and pensions | 62 | €262,830 | €308,110 | +€45,279 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,766 | €72,970 | +€13,204 | +22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,445 | €9,011 | -€1,434 | -13.7% |
| Non-recurring operating charges | 66A | €19,809 | €26,257 | +€6,448 | +32.6% |
| Gross operating margin | 9900 | €380,770 | €389,726 | +€8,957 | +2.4% |
| Operating profit (loss) | 9901 | €27,920 | -€26,621 | -€54,541 | |
| Financial income | 75/76B | €268 | €608 | +€341 | +127% |
| Recurring financial income | 75 | €268 | €608 | +€341 | +127% |
| Financial charges | 65/66B | €7,700 | €8,989 | +€1,288 | +16.7% |
| Recurring financial charges | 65 | €7,700 | €8,989 | +€1,288 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €20,487 | -€35,002 | -€55,489 | |
| Income taxes | 67/77 | -€4,517 | -€812 | +€3,706 | +82.0% |
| Profit (loss) for the period | 9904 | €25,004 | -€34,190 | -€59,194 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,004 | -€34,190 | -€59,194 |
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 15 October 2026 via checked.be.