Bottine & Co: 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.
Bottine & Co
Largest movements
- Tangible fixed assets -€51,417
down €51,417 (-6.8%), from €760,743 to €709,326
of which Land and buildings: -€46,803
- Stocks and contracts +€36,128
up €36,128 (+12.4%), from €291,778 to €327,905
- Cash -€29,822
down €29,822 (-60.9%), from €48,961 to €19,139
mainly Debts after one year (-€69,656) and Stocks and contracts (-€36,128)
- Debts after one year -€69,656
down €69,656 (-8.2%), from €845,040 to €775,384
- Tax, wage and social debts +€15,532
up €15,532 (+44.8%), from €34,707 to €50,239
of which Remuneration and social security: +€10,611
- Staff costs +€48,001
up €48,001 (+205%), from €23,400 to €71,401
- Gross operating margin +€18,111
up €18,111 (+15.1%), from €120,190 to €138,301
- Financial charges -€3,944
down €3,944 (-17.0%), from €23,206 to €19,262
- Taxes -€2,951
down €2,951 (-60.3%), from €4,893 to €1,942
- Financial income +€2,121
up €2,121 (+16.7%), from €12,666 to €14,787
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 | €1,109,557 | €1,059,197 | -€50,360 | -4.5% |
| Fixed assets | 21/28 | €760,743 | €709,326 | -€51,417 | -6.8% |
| Tangible fixed assets | 22/27 | €760,743 | €709,326 | -€51,417 | -6.8% |
| Land and buildings | 22 | €742,294 | €695,491 | -€46,803 | -6.3% |
| Plant, machinery and equipment | 23 | €9,295 | €7,378 | -€1,917 | -20.6% |
| Furniture and vehicles | 24 | €9,154 | €6,457 | -€2,697 | -29.5% |
| Current assets | 29/58 | €348,814 | €349,871 | +€1,057 | +0.3% |
| Stocks and contracts in progress | 3 | €291,778 | €327,905 | +€36,128 | +12.4% |
| Stocks | 30/36 | €291,778 | €327,905 | +€36,128 | +12.4% |
| Amounts receivable within one year | 40/41 | €6,317 | €1,116 | -€5,201 | -82.3% |
| Trade receivables | 40 | €6,317 | €1,116 | -€5,201 | -82.3% |
| Cash at bank and in hand | 54/58 | €48,961 | €19,139 | -€29,822 | -60.9% |
| Deferred charges and accrued income | 490/1 | €1,758 | €1,711 | -€47 | -2.7% |
| Total equity and liabilities | 10/49 | €1,109,557 | €1,059,197 | -€50,360 | -4.5% |
| Equity | 10/15 | €137,510 | €137,619 | +€110 | +0.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €132,510 | €132,619 | +€110 | +0.1% |
| Distributable reserves | 133 | €132,510 | €132,619 | +€110 | +0.1% |
| Amounts payable | 17/49 | €972,048 | €921,578 | -€50,470 | -5.2% |
| Amounts payable after more than one year | 17 | €845,040 | €775,384 | -€69,656 | -8.2% |
| Financial debts | 170/4 | €845,040 | €775,384 | -€69,656 | -8.2% |
| Amounts payable within one year | 42/48 | €127,008 | €146,194 | +€19,186 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €57,112 | €58,756 | +€1,644 | +2.9% |
| Trade debts | 44 | €35,189 | €37,199 | +€2,011 | +5.7% |
| Suppliers | 440/4 | €35,189 | €37,199 | +€2,011 | +5.7% |
| Taxes, remuneration and social security | 45 | €34,707 | €50,239 | +€15,532 | +44.8% |
| Taxes | 450/3 | €33,697 | €38,618 | +€4,921 | +14.6% |
| Remuneration and social security | 454/9 | €1,010 | €11,620 | +€10,611 | +1,051% |
| Remuneration, social security and pensions | 62 | €23,400 | €71,401 | +€48,001 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,411 | €51,417 | +€2,006 | +4.1% |
| Other operating charges | 640/8 | €10,386 | €8,956 | -€1,430 | -13.8% |
| Gross operating margin | 9900 | €120,190 | €138,301 | +€18,111 | +15.1% |
| Operating profit (loss) | 9901 | €36,993 | €6,527 | -€30,467 | -82.4% |
| Financial income | 75/76B | €12,666 | €14,787 | +€2,121 | +16.7% |
| Recurring financial income | 75 | €12,666 | €14,787 | +€2,121 | +16.7% |
| Financial charges | 65/66B | €23,206 | €19,262 | -€3,944 | -17.0% |
| Recurring financial charges | 65 | €23,206 | €19,262 | -€3,944 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €26,454 | €2,052 | -€24,401 | -92.2% |
| Income taxes | 67/77 | €4,893 | €1,942 | -€2,951 | -60.3% |
| Profit (loss) for the period | 9904 | €21,560 | €110 | -€21,451 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,560 | €110 | -€21,451 | -99.5% |
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 19 October 2026 via checked.be.