J.C. BOTERBERG: 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.
J.C. BOTERBERG
Largest movements
- Cash +€297,508
up €297,508 (+693%), from €42,940 to €340,448
mainly Receivables within one year (+€291,359) and Advances received (+€5,000)
- Receivables within one year -€291,359
down €291,359 (-96.9%), from €300,730 to €9,371
of which Other amounts receivable: -€275,409
- Advances received +€5,000
new in 2025: €5,000
- Gross operating margin -€11,326
down €11,326 (-71.3%), from €15,887 to €4,561
- Taxes -€4,988
down €4,988 (-83.1%), from €5,999 to €1,011
- Financial charges +€1,745
up €1,745 (+111%), from €1,566 to €3,311
- Financial income +€616
up €616 (+17.2%), from €3,577 to €4,193
- Other operating charges +€399
up €399 (+26.3%), from €1,518 to €1,917
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 | €344,195 | €350,174 | +€5,979 | +1.7% |
| Fixed assets | 21/28 | €525 | €355 | -€170 | -32.4% |
| Tangible fixed assets | 22/27 | €525 | €355 | -€170 | -32.4% |
| Plant, machinery and equipment | 23 | €525 | €355 | -€170 | -32.4% |
| Current assets | 29/58 | €343,670 | €349,819 | +€6,149 | +1.8% |
| Amounts receivable within one year | 40/41 | €300,730 | €9,371 | -€291,359 | -96.9% |
| Trade receivables | 40 | €15,950 | - | -€15,950 | |
| Other amounts receivable | 41 | €284,780 | €9,371 | -€275,409 | -96.7% |
| Cash at bank and in hand | 54/58 | €42,940 | €340,448 | +€297,508 | +693% |
| Total equity and liabilities | 10/49 | €344,195 | €350,174 | +€5,979 | +1.7% |
| Equity | 10/15 | €340,576 | €342,921 | +€2,345 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €321,976 | €324,321 | +€2,345 | +0.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €320,116 | €322,461 | +€2,345 | +0.7% |
| Amounts payable | 17/49 | €3,619 | €7,253 | +€3,634 | +100% |
| Amounts payable within one year | 42/48 | €3,619 | €7,253 | +€3,634 | +100% |
| Trade debts | 44 | €2,999 | - | -€2,999 | |
| Suppliers | 440/4 | €2,999 | - | -€2,999 | |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €620 | €2,253 | +€1,633 | +263% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170 | €170 | = | 0.0% |
| Other operating charges | 640/8 | €1,518 | €1,917 | +€399 | +26.3% |
| Gross operating margin | 9900 | €15,887 | €4,561 | -€11,326 | -71.3% |
| Operating profit (loss) | 9901 | €14,199 | €2,474 | -€11,725 | -82.6% |
| Financial income | 75/76B | €3,577 | €4,193 | +€616 | +17.2% |
| Recurring financial income | 75 | €3,577 | €4,193 | +€616 | +17.2% |
| Financial charges | 65/66B | €1,566 | €3,311 | +€1,745 | +111% |
| Recurring financial charges | 65 | €1,566 | €3,311 | +€1,745 | +111% |
| Profit (loss) for the period before taxes | 9903 | €16,210 | €3,356 | -€12,854 | -79.3% |
| Income taxes | 67/77 | €5,999 | €1,011 | -€4,988 | -83.1% |
| Profit (loss) for the period | 9904 | €10,211 | €2,345 | -€7,866 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,211 | €2,345 | -€7,866 | -77.0% |
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 24 October 2026 via checked.be.