BOTTINI: 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.
BOTTINI
Largest movements
- Stocks and contracts -€84,484
down €84,484 (-66.3%), from €127,474 to €42,991
- Cash +€32,585
up €32,585 (+1396.4%), from €2,333 to €34,918
mainly Stocks and contracts (+€84,484) and Depreciation (+€13,853)
- Tangible fixed assets -€13,853
down €13,853 (-34.9%), from €39,708 to €25,855
of which Other tangible fixed assets: -€11,052
- Other debts -€28,361
down €28,361 (-18.9%), from €150,394 to €122,033
- Profit (loss) carried forward -€20,425
down €20,425 (-96.6%), from -€21,137 to -€41,562
- Debts after one year -€11,051
down €11,051 (-51.8%), from €21,329 to €10,278
- Tax, wage and social debts -€5,153
down €5,153 (-60.7%), from €8,486 to €3,334
- Trade debts -€3,057
down €3,057 (-68.9%), from €4,435 to €1,378
- Gross operating margin -€22,498
down €22,498, from €17,840 to -€4,658
- Financial charges -€3,092
down €3,092 (-72.0%), from €4,294 to €1,203
- Other operating charges -€2,669
down €2,669 (-82.7%), from €3,227 to €559
- Depreciation -€2,510
down €2,510 (-15.3%), from €16,364 to €13,853
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 | €177,394 | €109,512 | -€67,882 | -38.3% |
| Fixed assets | 21/28 | €40,323 | €25,855 | -€14,468 | -35.9% |
| Tangible fixed assets | 22/27 | €39,708 | €25,855 | -€13,853 | -34.9% |
| Plant, machinery and equipment | 23 | €4,703 | €3,083 | -€1,620 | -34.5% |
| Furniture and vehicles | 24 | €1,888 | €707 | -€1,181 | -62.5% |
| Other tangible fixed assets | 26 | €33,117 | €22,065 | -€11,052 | -33.4% |
| Financial fixed assets | 28 | €615 | - | -€615 | |
| Current assets | 29/58 | €137,071 | €83,657 | -€53,413 | -39.0% |
| Stocks and contracts in progress | 3 | €127,474 | €42,991 | -€84,484 | -66.3% |
| Stocks | 30/36 | €127,474 | €42,991 | -€84,484 | -66.3% |
| Amounts receivable within one year | 40/41 | €5,708 | €5,294 | -€414 | -7.3% |
| Trade receivables | 40 | €5,358 | €5,294 | -€64 | -1.2% |
| Other amounts receivable | 41 | €350 | - | -€350 | |
| Cash at bank and in hand | 54/58 | €2,333 | €34,918 | +€32,585 | +1396.4% |
| Deferred charges and accrued income | 490/1 | €1,555 | €455 | -€1,100 | -70.7% |
| Total equity and liabilities | 10/49 | €177,394 | €109,512 | -€67,882 | -38.3% |
| Equity | 10/15 | -€18,137 | -€38,562 | -€20,425 | -112.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,137 | -€41,562 | -€20,425 | -96.6% |
| Amounts payable | 17/49 | €195,530 | €148,074 | -€47,457 | -24.3% |
| Amounts payable after more than one year | 17 | €21,329 | €10,278 | -€11,051 | -51.8% |
| Financial debts | 170/4 | €21,329 | €10,278 | -€11,051 | -51.8% |
| Amounts payable within one year | 42/48 | €174,201 | €137,796 | -€36,405 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €10,886 | €11,051 | +€166 | +1.5% |
| Trade debts | 44 | €4,435 | €1,378 | -€3,057 | -68.9% |
| Suppliers | 440/4 | €4,435 | €1,378 | -€3,057 | -68.9% |
| Taxes, remuneration and social security | 45 | €8,486 | €3,334 | -€5,153 | -60.7% |
| Taxes | 450/3 | €8,486 | €3,334 | -€5,153 | -60.7% |
| Other amounts payable | 47/48 | €150,394 | €122,033 | -€28,361 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,364 | €13,853 | -€2,510 | -15.3% |
| Other operating charges | 640/8 | €3,227 | €559 | -€2,669 | -82.7% |
| Gross operating margin | 9900 | €17,840 | -€4,658 | -€22,498 | |
| Operating profit (loss) | 9901 | -€1,751 | -€19,070 | -€17,319 | -989.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €4,294 | €1,203 | -€3,092 | -72.0% |
| Recurring financial charges | 65 | €4,294 | €1,203 | -€3,092 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,045 | -€20,271 | -€14,226 | -235.3% |
| Income taxes | 67/77 | €160 | €155 | -€5 | -3.4% |
| Profit (loss) for the period | 9904 | -€6,205 | -€20,425 | -€14,220 | -229.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,205 | -€20,425 | -€14,220 | -229.2% |
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 30 September 2026 via checked.be.