B.A.T. SERVICES: 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.
What changed
B.A.T. SERVICES
NACE 46.180, Agents specialised in the wholesale of other particular products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€375,402
2024 · €542,476-€167,074
Equity
€22.8m
2024 · €22.5m+€375,402
Cash
€4.0m
2024 · €3.4m+€580,280
Balance sheet total
€25.7m
2024 · €25.3m+€392,335
Largest movements
Assets
- Cash +€580,280
up €580,280 (+16.9%), from €3.4m to €4.0m
mainly Debts after one year (+€401,276) and Net result for the year (+€375,402)
Equity and liabilities
- Debts after one year +€401,276
new in 2025: €401,276
- Profit (loss) carried forward +€375,402
up €375,402 (+3.0%), from €12.5m to €12.8m
Income statement
- Turnover +€2.0m
up €2.0m (+13.9%), from €14.3m to €16.2m
- Goods and materials +€1.4m
up €1.4m (+12.5%), from €11.2m to €12.6m
- Services and other goods +€895,027
up €895,027 (+52.5%), from €1.7m to €2.6m
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.
Result 2024
€542,476
Turnover
+€2.0m
Other operating income
-€6,869
Goods and materials
-€1.4m
Services and other goods
-€895,027
Staff costs
+€21,436
Depreciation
-€2,271
Other operating charges
+€4,886
Other operating items
+€77,412
Financial charges
-€5,577
Taxes
+€65,698
Result 2025
€375,402
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€191,691
Investment
-€12,687
Financing
+€401,276
Cash 2024
€3.4m
From operations (derived)
+€191,691
Net result for the year
+€375,402
Depreciation
+€35,741
Receivables within one year
+€164,891
Trade debts
-€249,335
Tax, wage and social debts
-€132,400
Other debts
-€2,607
Investment (derived)
-€12,687
Investment in fixed assets (net)
-€12,687
Financing
+€401,276
Debts after one year
+€401,276
Cash 2025
€4.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,318,276 | €25,710,611 | +€392,335 | +1.5% |
| Fixed assets | 21/28 | €16,679,513 | €16,656,460 | -€23,053 | -0.1% |
| Tangible fixed assets | 22/27 | €200,818 | €177,765 | -€23,053 | -11.5% |
| Furniture and vehicles | 24 | - | €10,416 | +€10,416 | |
| Other tangible fixed assets | 26 | €200,818 | €167,349 | -€33,470 | -16.7% |
| Financial fixed assets | 28 | €16,478,695 | €16,478,695 | = | 0.0% |
| Affiliated companies | 280/1 | €16,478,695 | €16,478,695 | = | 0.0% |
| Participating interests | 280 | €16,478,695 | €16,478,695 | = | 0.0% |
| Current assets | 29/58 | €8,638,763 | €9,054,152 | +€415,389 | +4.8% |
| Amounts receivable within one year | 40/41 | €5,199,438 | €5,034,547 | -€164,891 | -3.2% |
| Trade receivables | 40 | €5,107,246 | €4,923,691 | -€183,556 | -3.6% |
| Other amounts receivable | 41 | €92,191 | €110,856 | +€18,665 | +20.2% |
| Cash at bank and in hand | 54/58 | €3,424,325 | €4,004,605 | +€580,280 | +16.9% |
| Deferred charges and accrued income | 490/1 | €15,000 | €15,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €25,318,276 | €25,710,611 | +€392,335 | +1.5% |
| Equity | 10/15 | €22,473,833 | €22,849,234 | +€375,402 | +1.7% |
| Contributions | 10/11 | €10,020,000 | €10,020,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,451,833 | €12,827,234 | +€375,402 | +3.0% |
| Provisions and deferred taxes | 16 | €1,200,000 | €1,200,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,200,000 | €1,200,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,200,000 | €1,200,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,644,444 | €1,661,377 | +€16,934 | +1.0% |
| Amounts payable after more than one year | 17 | - | €401,276 | +€401,276 | |
| Financial debts | 170/4 | - | €401,276 | +€401,276 | |
| Credit institutions | 173 | - | €401,276 | +€401,276 | |
| Amounts payable within one year | 42/48 | €1,644,444 | €1,260,102 | -€384,342 | -23.4% |
| Trade debts | 44 | €1,424,940 | €1,175,605 | -€249,335 | -17.5% |
| Suppliers | 440/4 | €1,424,940 | €1,175,605 | -€249,335 | -17.5% |
| Taxes, remuneration and social security | 45 | €214,734 | €82,334 | -€132,400 | -61.7% |
| Taxes | 450/3 | €177,128 | €34,455 | -€142,673 | -80.5% |
| Remuneration and social security | 454/9 | €37,607 | €47,879 | +€10,273 | +27.3% |
| Other amounts payable | 47/48 | €4,769 | €2,162 | -€2,607 | -54.7% |
| Operating income | 70/76A | €14,306,484 | €16,263,612 | +€2.0m | +13.7% |
| Turnover | 70 | €14,269,446 | €16,246,527 | +€2.0m | +13.9% |
| Other operating income | 74 | €23,954 | €17,085 | -€6,869 | -28.7% |
| Non-recurring operating income | 76A | €13,084 | - | -€13,084 | |
| Operating charges | 60/66A | €13,545,624 | €15,729,946 | +€2.2m | +16.1% |
| Goods for resale, raw materials and consumables | 60 | €11,229,717 | €12,633,560 | +€1.4m | +12.5% |
| Purchases | 600/8 | €11,229,717 | €12,633,560 | +€1.4m | +12.5% |
| Services and other goods | 61 | €1,705,479 | €2,600,506 | +€895,027 | +52.5% |
| Remuneration, social security and pensions | 62 | €465,138 | €443,702 | -€21,436 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,470 | €35,741 | +€2,271 | +6.8% |
| Other operating charges | 640/8 | €16,824 | €11,937 | -€4,886 | -29.0% |
| Non-recurring operating charges | 66A | €94,997 | €4,500 | -€90,497 | -95.3% |
| Operating profit (loss) | 9901 | €760,861 | €533,666 | -€227,195 | -29.9% |
| Financial charges | 65/66B | €7,493 | €13,070 | +€5,577 | +74.4% |
| Recurring financial charges | 65 | €7,493 | €13,070 | +€5,577 | +74.4% |
| Debt charges | 650 | €7,493 | €13,070 | +€5,577 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | €753,367 | €520,595 | -€232,772 | -30.9% |
| Income taxes | 67/77 | €210,892 | €145,194 | -€65,698 | -31.2% |
| Taxes | 670/3 | €210,892 | €145,194 | -€65,698 | -31.2% |
| Profit (loss) for the period | 9904 | €542,476 | €375,402 | -€167,074 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €542,476 | €375,402 | -€167,074 | -30.8% |
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 14 October 2026 via checked.be.