The Bo-Tiek: what changed
The Bo-Tiek
Largest movements
- Receivables within one year +€37,837
up €37,837 (+28.4%), from €133,363 to €171,201
of which Other amounts receivable: +€40,231
- Tangible fixed assets -€18,294
down €18,294 (-44.5%), from €41,131 to €22,837
of which Leasing and similar rights: -€16,956
- Cash +€9,768
up €9,768 (+1,018%), from €960 to €10,728
mainly Net result for the year (+€42,816) and Short-term financial debts (+€39,350)
- Deferred charges and accrued income +€4,981
up €4,981 (+265%), from €1,879 to €6,860
- Current portion of long-term debt -€49,707
down €49,707 (-93.2%), from €53,325 to €3,617
- Reserves +€42,000
up €42,000 (+429%), from €9,790 to €51,790
of which Distributable reserves: +€42,000
- Short-term financial debts +€39,350
new in 2025: €39,350
- Tax, wage and social debts +€13,532
up €13,532 (+50.1%), from €27,000 to €40,532
of which Taxes: +€25,196
- Debts after one year -€11,207
down €11,207 (-64.9%), from €17,266 to €6,059
- Gross operating margin +€32,734
up €32,734 (+34.4%), from €95,098 to €127,833
- Taxes +€19,834
up €19,834 (+292%), from €6,797 to €26,630
- Staff costs -€12,292
down €12,292 (-20.6%), from €59,602 to €47,310
- Depreciation -€8,139
down €8,139 (-53.8%), from €15,124 to €6,985
- Financial income +€1,934
up €1,934 (+23.4%), from €8,267 to €10,201
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €280,525 | €316,869 | +€36,344 | +13.0% |
| Fixed assets | 21/28 | €144,323 | €128,080 | -€16,243 | -11.3% |
| Tangible fixed assets | 22/27 | €41,131 | €22,837 | -€18,294 | -44.5% |
| Plant, machinery and equipment | 23 | €10,198 | €9,817 | -€382 | -3.7% |
| Furniture and vehicles | 24 | €5,708 | €4,752 | -€956 | -16.7% |
| Leasing and similar rights | 25 | €25,225 | €8,269 | -€16,956 | -67.2% |
| Financial fixed assets | 28 | €103,191 | €105,243 | +€2,051 | +2.0% |
| Current assets | 29/58 | €136,202 | €188,789 | +€52,587 | +38.6% |
| Amounts receivable within one year | 40/41 | €133,363 | €171,201 | +€37,837 | +28.4% |
| Trade receivables | 40 | €3,819 | €1,425 | -€2,394 | -62.7% |
| Other amounts receivable | 41 | €129,544 | €169,775 | +€40,231 | +31.1% |
| Cash at bank and in hand | 54/58 | €960 | €10,728 | +€9,768 | +1,018% |
| Deferred charges and accrued income | 490/1 | €1,879 | €6,860 | +€4,981 | +265% |
| Total equity and liabilities | 10/49 | €280,525 | €316,869 | +€36,344 | +13.0% |
| Equity | 10/15 | €159,765 | €202,581 | +€42,816 | +26.8% |
| Contributions | 10/11 | €200,100 | €200,100 | = | 0.0% |
| Reserves | 13 | €9,790 | €51,790 | +€42,000 | +429% |
| Non-distributable reserves | 130/1 | €1,990 | €1,990 | = | 0.0% |
| Other | 1319 | €1,990 | €1,990 | = | 0.0% |
| Distributable reserves | 133 | €7,800 | €49,800 | +€42,000 | +538% |
| Profit (loss) carried forward | 14 | -€50,125 | -€49,309 | +€816 | +1.6% |
| Amounts payable | 17/49 | €120,760 | €114,288 | -€6,472 | -5.4% |
| Amounts payable after more than one year | 17 | €17,266 | €6,059 | -€11,207 | -64.9% |
| Financial debts | 170/4 | €17,266 | €6,059 | -€11,207 | -64.9% |
| Amounts payable within one year | 42/48 | €96,296 | €98,537 | +€2,241 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €53,325 | €3,617 | -€49,707 | -93.2% |
| Financial debts | 43 | - | €39,350 | +€39,350 | |
| Credit institutions | 430/8 | - | €39,350 | +€39,350 | |
| Trade debts | 44 | €15,971 | €15,037 | -€934 | -5.8% |
| Suppliers | 440/4 | €15,971 | €15,037 | -€934 | -5.8% |
| Taxes, remuneration and social security | 45 | €27,000 | €40,532 | +€13,532 | +50.1% |
| Taxes | 450/3 | €10,618 | €35,813 | +€25,196 | +237% |
| Remuneration and social security | 454/9 | €16,382 | €4,719 | -€11,664 | -71.2% |
| Accrued charges and deferred income | 492/3 | €7,198 | €9,692 | +€2,494 | +34.6% |
| Non-recurring operating income | 76A | €0 | €9,360 | +€9,360 | |
| Remuneration, social security and pensions | 62 | €59,602 | €47,310 | -€12,292 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,124 | €6,985 | -€8,139 | -53.8% |
| Other operating charges | 640/8 | €3,115 | €3,906 | +€792 | +25.4% |
| Gross operating margin | 9900 | €95,098 | €127,833 | +€32,734 | +34.4% |
| Operating profit (loss) | 9901 | €17,257 | €69,631 | +€52,374 | +303% |
| Financial income | 75/76B | €8,267 | €10,201 | +€1,934 | +23.4% |
| Recurring financial income | 75 | €8,267 | €10,201 | +€1,934 | +23.4% |
| Financial charges | 65/66B | €10,841 | €10,385 | -€456 | -4.2% |
| Recurring financial charges | 65 | €10,841 | €10,385 | -€456 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €14,683 | €69,446 | +€54,763 | +373% |
| Income taxes | 67/77 | €6,797 | €26,630 | +€19,834 | +292% |
| Profit (loss) for the period | 9904 | €7,886 | €42,816 | +€34,930 | +443% |
| Profit (loss) for the period to be appropriated | 9905 | €7,886 | €42,816 | +€34,930 | +443% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.