BOTRONICS: 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.
BOTRONICS
Largest movements
- Cash +€2.2m
up €2.2m (+678%), from €319,656 to €2.5m
mainly Contributions, distributions and other (+€2.1m) and Debts after one year (+€940,535)
- Intangible fixed assets +€375,891
up €375,891 (+72.1%), from €521,499 to €897,390
- Receivables within one year +€189,880
up €189,880 (+95.6%), from €198,603 to €388,483
of which Other amounts receivable: +€222,016
- Contributions +€1.6m
up €1.6m (+178%), from €913,972 to €2.5m
- Debts after one year +€940,535
up €940,535 (+3,517%), from €26,746 to €967,281
of which Advances received on contracts in progress: +€761,087
- Investment grants +€458,964
up €458,964 (+256%), from €179,359 to €638,324
- Profit (loss) carried forward -€336,317
down €336,317 (-108%), from -€311,899 to -€648,216
- Current portion of long-term debt +€53,510
up €53,510 (+51.4%), from €104,141 to €157,651
- Staff costs +€129,652
up €129,652 (+109%), from €119,261 to €248,913
- Gross operating margin +€112,466
up €112,466 (+72.6%), from -€154,988 to -€42,522
- Depreciation +€50,894
up €50,894 (+69.3%), from €73,427 to €124,322
- Financial income +€45,228
up €45,228 (+93.5%), from €48,383 to €93,611
- Financial charges +€8,758
up €8,758 (+278%), from €3,154 to €11,913
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 | €1,049,544 | €3,813,077 | +€2.8m | +263% |
| Fixed assets | 21/28 | €524,054 | €922,862 | +€398,808 | +76.1% |
| Intangible fixed assets | 21 | €521,499 | €897,390 | +€375,891 | +72.1% |
| Tangible fixed assets | 22/27 | €2,555 | €18,293 | +€15,738 | +616% |
| Plant, machinery and equipment | 23 | - | €4,733 | +€4,733 | |
| Furniture and vehicles | 24 | €2,555 | €13,560 | +€11,005 | +431% |
| Financial fixed assets | 28 | - | €7,178 | +€7,178 | |
| Current assets | 29/58 | €525,491 | €2,890,215 | +€2.4m | +450% |
| Stocks and contracts in progress | 3 | €7,232 | €10,882 | +€3,650 | +50.5% |
| Stocks | 30/36 | €7,232 | €10,882 | +€3,650 | +50.5% |
| Amounts receivable within one year | 40/41 | €198,603 | €388,483 | +€189,880 | +95.6% |
| Trade receivables | 40 | €34,633 | €2,498 | -€32,136 | -92.8% |
| Other amounts receivable | 41 | €163,970 | €385,985 | +€222,016 | +135% |
| Cash at bank and in hand | 54/58 | €319,656 | €2,487,530 | +€2.2m | +678% |
| Deferred charges and accrued income | 490/1 | - | €3,321 | +€3,321 | |
| Total equity and liabilities | 10/49 | €1,049,544 | €3,813,077 | +€2.8m | +263% |
| Equity | 10/15 | €781,433 | €2,529,574 | +€1.7m | +224% |
| Contributions | 10/11 | €913,972 | €2,539,466 | +€1.6m | +178% |
| Profit (loss) carried forward | 14 | -€311,899 | -€648,216 | -€336,317 | -108% |
| Investment grants | 15 | €179,359 | €638,324 | +€458,964 | +256% |
| Amounts payable | 17/49 | €268,111 | €1,283,503 | +€1.0m | +379% |
| Amounts payable after more than one year | 17 | €26,746 | €967,281 | +€940,535 | +3,517% |
| Financial debts | 170/4 | €26,746 | €206,194 | +€179,447 | +671% |
| Advances received on contracts in progress | 176 | - | €761,087 | +€761,087 | |
| Amounts payable within one year | 42/48 | €241,365 | €316,222 | +€74,857 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €104,141 | €157,651 | +€53,510 | +51.4% |
| Financial debts | 43 | €2,967 | €6,078 | +€3,110 | +105% |
| Credit institutions | 430/8 | €2,967 | €6,078 | +€3,110 | +105% |
| Trade debts | 44 | €120,720 | €126,143 | +€5,423 | +4.5% |
| Suppliers | 440/4 | €120,720 | €126,143 | +€5,423 | +4.5% |
| Taxes, remuneration and social security | 45 | €13,390 | €26,204 | +€12,814 | +95.7% |
| Taxes | 450/3 | €2,023 | €340 | -€1,683 | -83.2% |
| Remuneration and social security | 454/9 | €11,367 | €25,864 | +€14,497 | +128% |
| Other amounts payable | 47/48 | €146 | €146 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €119,261 | €248,913 | +€129,652 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,427 | €124,322 | +€50,894 | +69.3% |
| Other operating charges | 640/8 | €448 | €2,049 | +€1,601 | +358% |
| Gross operating margin | 9900 | -€154,988 | -€42,522 | +€112,466 | +72.6% |
| Operating profit (loss) | 9901 | -€348,123 | -€417,805 | -€69,682 | -20.0% |
| Financial income | 75/76B | €48,383 | €93,611 | +€45,228 | +93.5% |
| Recurring financial income | 75 | €48,383 | €93,611 | +€45,228 | +93.5% |
| Financial charges | 65/66B | €3,154 | €11,913 | +€8,758 | +278% |
| Recurring financial charges | 65 | €3,154 | €11,913 | +€8,758 | +278% |
| Profit (loss) for the period before taxes | 9903 | -€302,895 | -€336,107 | -€33,212 | -11.0% |
| Income taxes | 67/77 | €130 | €210 | +€80 | +61.9% |
| Profit (loss) for the period | 9904 | -€303,024 | -€336,317 | -€33,293 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€303,024 | -€336,317 | -€33,293 | -11.0% |
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 26 October 2026 via checked.be.