A1 - BAT: 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.
A1 - BAT
Largest movements
- Cash -€64,551
down €64,551 (-68.1%), from €94,816 to €30,265
mainly Other debts (-€30,927) and Net result for the year (-€27,118)
- Receivables within one year -€7,504
down €7,504 (-96.8%), from €7,753 to €249
of which Trade receivables: -€5,116
- Other debts -€30,927
down €30,927 (-67.8%), from €45,614 to €14,687
- Profit (loss) carried forward -€27,118
down €27,118 (-126.2%), from -€21,489 to -€48,608
- Tax, wage and social debts -€20,393
down €20,393 (-99.0%), from €20,592 to €199
- Provisions +€4,500
new in 2025: €4,500
- Trade debts +€1,584
up €1,584 (+100.3%), from €1,580 to €3,164
- Provisions +€4,500
new in 2025: €4,500
- Gross operating margin -€994
down €994 (-6.7%), from -€14,728 to -€15,722
- Other operating charges +€457
up €457 (+8.9%), from €5,122 to €5,579
- Financial charges -€392
down €392 (-31.3%), from €1,252 to €860
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 | €111,497 | €39,108 | -€72,389 | -64.9% |
| Fixed assets | 21/28 | €5,447 | €4,990 | -€458 | -8.4% |
| Tangible fixed assets | 22/27 | €5,447 | €4,990 | -€458 | -8.4% |
| Land and buildings | 22 | €4,462 | €4,462 | = | 0.0% |
| Furniture and vehicles | 24 | €985 | €527 | -€458 | -46.5% |
| Current assets | 29/58 | €106,050 | €34,118 | -€71,932 | -67.8% |
| Amounts receivable within one year | 40/41 | €7,753 | €249 | -€7,504 | -96.8% |
| Trade receivables | 40 | €5,116 | - | -€5,116 | |
| Other amounts receivable | 41 | €2,637 | €249 | -€2,388 | -90.6% |
| Cash at bank and in hand | 54/58 | €94,816 | €30,265 | -€64,551 | -68.1% |
| Deferred charges and accrued income | 490/1 | €3,481 | €3,604 | +€123 | +3.5% |
| Total equity and liabilities | 10/49 | €111,497 | €39,108 | -€72,389 | -64.9% |
| Equity | 10/15 | €43,570 | €16,451 | -€27,118 | -62.2% |
| Contributions | 10/11 | €35,945 | €35,945 | = | 0.0% |
| Capital | 10 | €35,945 | €35,945 | = | 0.0% |
| Issued capital | 100 | €35,945 | €35,945 | = | 0.0% |
| Reserves | 13 | €29,114 | €29,114 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,594 | €3,594 | = | 0.0% |
| Legal reserve | 130 | €3,594 | €3,594 | = | 0.0% |
| Distributable reserves | 133 | €25,520 | €25,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,489 | -€48,608 | -€27,118 | -126.2% |
| Provisions and deferred taxes | 16 | - | €4,500 | +€4,500 | |
| Provisions for liabilities and charges | 160/5 | - | €4,500 | +€4,500 | |
| Other liabilities and charges | 164/5 | - | €4,500 | +€4,500 | |
| Amounts payable | 17/49 | €67,927 | €18,156 | -€49,771 | -73.3% |
| Amounts payable within one year | 42/48 | €67,786 | €18,050 | -€49,736 | -73.4% |
| Trade debts | 44 | €1,580 | €3,164 | +€1,584 | +100.3% |
| Suppliers | 440/4 | €1,580 | €3,164 | +€1,584 | +100.3% |
| Taxes, remuneration and social security | 45 | €20,592 | €199 | -€20,393 | -99.0% |
| Taxes | 450/3 | €20,592 | €199 | -€20,393 | -99.0% |
| Other amounts payable | 47/48 | €45,614 | €14,687 | -€30,927 | -67.8% |
| Accrued charges and deferred income | 492/3 | €141 | €106 | -€35 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388 | €458 | +€70 | +18.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €4,500 | +€4,500 | |
| Other operating charges | 640/8 | €5,122 | €5,579 | +€457 | +8.9% |
| Gross operating margin | 9900 | -€14,728 | -€15,722 | -€994 | -6.7% |
| Operating profit (loss) | 9901 | -€20,238 | -€26,258 | -€6,020 | -29.7% |
| Financial charges | 65/66B | €1,252 | €860 | -€392 | -31.3% |
| Recurring financial charges | 65 | €1,252 | €860 | -€392 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,490 | -€27,118 | -€5,628 | -26.2% |
| Profit (loss) for the period | 9904 | -€21,490 | -€27,118 | -€5,628 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,490 | -€27,118 | -€5,628 | -26.2% |
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 1 October 2026 via checked.be.