BACHELET GROUP: 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
BACHELET GROUP
NACE 71.209, Other technical testing and analysis
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5.2m
2024 · €3.5m+€1.8m
Equity
€5.5m
2024 · €3.1m+€2.4m
Cash
€3.3m
2024 · €1.1m+€2.2m
Balance sheet total
€13.4m
2024 · €7.1m+€6.3m
Largest movements
Assets
- Tangible fixed assets +€3.3m
up €3.3m (+123%), from €2.7m to €6.0m
of which Land and buildings: +€2.1m
- Cash +€2.2m
up €2.2m (+196%), from €1.1m to €3.3m
mainly Net result for the year (+€5.2m) and Debts after one year (+€2.0m)
- Receivables within one year +€919,050
up €919,050 (+45.9%), from €2.0m to €2.9m
of which Trade receivables: +€921,216
- Current investments -€368,270
down €368,270 (-71.7%), from €513,480 to €145,210
- Stocks and contracts +€235,498
up €235,498 (+60.6%), from €388,295 to €623,793
of which Stocks: +€126,253
Equity and liabilities
- Debts after one year +€2.0m
up €2.0m (+470%), from €419,907 to €2.4m
- Other debts +€1.9m
up €1.9m (+179%), from €1.1m to €3.0m
- Profit (loss) carried forward +€1.4m
up €1.4m (+68.2%), from €2.1m to €3.5m
- Reserves +€999,997
up €999,997 (+114%), from €878,619 to €1.9m
of which Tax-exempt reserves: +€999,997
- Trade debts -€583,851
down €583,851 (-40.6%), from €1.4m to €853,959
Income statement
- Turnover +€13.7m
new in 2025: €13.7m
- Gross operating margin -€7.8m
no longer reported in 2025 (was €7.8m)
- Services and other goods +€2.0m
new in 2025: €2.0m
- Staff costs +€690,712
up €690,712 (+25.5%), from €2.7m to €3.4m
- Taxes +€567,638
up €567,638 (+49.2%), from €1.2m to €1.7m
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
€3.5m
Turnover
+€13.7m
Other operating income
+€202,118
Goods and materials
-€498,505
Services and other goods
-€2.0m
Staff costs
-€690,712
Depreciation
-€391,151
Provisions
-€94,750
Other operating charges
-€78,184
Other operating items
-€7.7m
Financial income
-€52,052
Financial charges
-€91,224
Taxes
-€567,638
Result 2025
€5.2m
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
+€6.5m
Investment
-€3.7m
Financing
-€686,893
Cash 2024
€1.1m
From operations (derived)
+€6.5m
Net result for the year
+€5.2m
Depreciation
+€697,444
Stocks and contracts
-€235,498
Receivables within one year
-€919,050
Deferred charges and accrued income
+€18,218
Provisions
+€173,562
Trade debts
-€583,851
Tax, wage and social debts
+€214,067
Other debts
+€1.9m
Accrued charges and deferred income
-€3,561
Investment (derived)
-€3.7m
Investment in fixed assets (net)
-€4.1m
Current investments
+€368,270
Financing
-€686,893
Debts after one year
+€2.0m
Current portion of long-term debt
+€142,661
Contributions, distributions and other
-€2.8m
Cash 2025
€3.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,091,263 | €13,381,057 | +€6.3m | +88.7% |
| Fixed assets | 21/28 | €3,022,399 | €6,379,830 | +€3.4m | +111% |
| Intangible fixed assets | 21 | €27,590 | €42,627 | +€15,036 | +54.5% |
| Tangible fixed assets | 22/27 | €2,709,436 | €6,035,430 | +€3.3m | +123% |
| Land and buildings | 22 | €1,381,728 | €3,475,131 | +€2.1m | +152% |
| Plant, machinery and equipment | 23 | €1,245,066 | €2,429,182 | +€1.2m | +95.1% |
| Furniture and vehicles | 24 | €33,181 | €55,696 | +€22,515 | +67.9% |
| Leasing and similar rights | 25 | €49,461 | €75,420 | +€25,960 | +52.5% |
| Financial fixed assets | 28 | €285,373 | €301,774 | +€16,401 | +5.7% |
| Affiliated companies | 280/1 | - | €301,774 | +€301,774 | |
| Participating interests | 280 | - | €54,844 | +€54,844 | |
| Amounts receivable | 281 | - | €246,930 | +€246,930 | |
| Current assets | 29/58 | €4,068,864 | €7,001,227 | +€2.9m | +72.1% |
| Stocks and contracts in progress | 3 | €388,295 | €623,793 | +€235,498 | +60.6% |
| Stocks | 30/36 | €155,800 | €282,053 | +€126,253 | +81.0% |
| Raw materials and consumables | 30/31 | - | €282,053 | +€282,053 | |
| Contracts in progress | 37 | €232,495 | €341,740 | +€109,245 | +47.0% |
| Amounts receivable within one year | 40/41 | €2,003,380 | €2,922,430 | +€919,050 | +45.9% |
| Trade receivables | 40 | €1,812,148 | €2,733,364 | +€921,216 | +50.8% |
| Other amounts receivable | 41 | €191,232 | €189,067 | -€2,166 | -1.1% |
| Current investments | 50/53 | €513,480 | €145,210 | -€368,270 | -71.7% |
| Other investments | 51/53 | - | €145,210 | +€145,210 | |
| Cash at bank and in hand | 54/58 | €1,103,284 | €3,267,587 | +€2.2m | +196% |
| Deferred charges and accrued income | 490/1 | €60,425 | €42,207 | -€18,218 | -30.1% |
| Total equity and liabilities | 10/49 | €7,091,263 | €13,381,057 | +€6.3m | +88.7% |
| Equity | 10/15 | €3,055,265 | €5,480,020 | +€2.4m | +79.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €878,619 | €1,878,616 | +€999,997 | +114% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €422,421 | €1,422,418 | +€999,997 | +237% |
| Distributable reserves | 133 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,092,868 | €3,520,593 | +€1.4m | +68.2% |
| Investment grants | 15 | €21,804 | €18,838 | -€2,967 | -13.6% |
| Provisions and deferred taxes | 16 | €150,293 | €323,856 | +€173,562 | +115% |
| Provisions for liabilities and charges | 160/5 | €145,210 | €319,630 | +€174,420 | +120% |
| Other liabilities and charges | 164/5 | €145,210 | €319,630 | +€174,420 | +120% |
| Deferred taxes | 168 | €5,083 | €4,226 | -€858 | -16.9% |
| Amounts payable | 17/49 | €3,885,705 | €7,577,182 | +€3.7m | +95.0% |
| Amounts payable after more than one year | 17 | €419,907 | €2,393,321 | +€2.0m | +470% |
| Financial debts | 170/4 | €419,907 | €2,393,321 | +€2.0m | +470% |
| Leasing and similar obligations | 172 | - | €49,769 | +€49,769 | |
| Credit institutions | 173 | - | €2,343,551 | +€2.3m | |
| Amounts payable within one year | 42/48 | €3,462,236 | €5,183,861 | +€1.7m | +49.7% |
| Current portion of amounts payable after more than one year | 42 | €383,084 | €525,745 | +€142,661 | +37.2% |
| Trade debts | 44 | €1,437,810 | €853,959 | -€583,851 | -40.6% |
| Suppliers | 440/4 | €1,437,810 | €853,959 | -€583,851 | -40.6% |
| Taxes, remuneration and social security | 45 | €552,562 | €766,628 | +€214,067 | +38.7% |
| Taxes | 450/3 | €49,763 | €91,830 | +€42,067 | +84.5% |
| Remuneration and social security | 454/9 | €502,799 | €674,799 | +€172,000 | +34.2% |
| Other amounts payable | 47/48 | €1,088,780 | €3,037,529 | +€1.9m | +179% |
| Accrued charges and deferred income | 492/3 | €3,561 | - | -€3,561 | |
| Operating income | 70/76A | - | €14,070,694 | +€14.1m | |
| Turnover | 70 | - | €13,749,491 | +€13.7m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €109,245 | +€109,245 | |
| Other operating income | 74 | - | €202,118 | +€202,118 | |
| Non-recurring operating income | 76A | €8,603 | €9,840 | +€1,237 | +14.4% |
| Operating charges | 60/66A | - | €6,998,616 | +€7.0m | |
| Goods for resale, raw materials and consumables | 60 | - | €498,505 | +€498,505 | |
| Purchases | 600/8 | - | €624,758 | +€624,758 | |
| Change in stocks: decrease (increase) | 609 | - | -€126,253 | -€126,253 | |
| Services and other goods | 61 | - | €2,042,479 | +€2.0m | |
| Remuneration, social security and pensions | 62 | €2,703,423 | €3,394,135 | +€690,712 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306,293 | €697,444 | +€391,151 | +128% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €79,670 | €174,420 | +€94,750 | +119% |
| Other operating charges | 640/8 | €101,739 | €179,923 | +€78,184 | +76.8% |
| Non-recurring operating charges | 66A | - | €11,710 | +€11,710 | |
| Gross operating margin | 9900 | €7,786,236 | - | -€7.8m | |
| Operating profit (loss) | 9901 | €4,595,112 | €7,072,078 | +€2.5m | +53.9% |
| Financial income | 75/76B | €121,435 | €69,383 | -€52,052 | -42.9% |
| Recurring financial income | 75 | €121,435 | €68,810 | -€52,625 | -43.3% |
| Income from financial fixed assets | 750 | - | €12,373 | +€12,373 | |
| Income from current assets | 751 | - | €5,368 | +€5,368 | |
| Other financial income | 752/9 | - | €51,069 | +€51,069 | |
| Non-recurring financial income | 76B | - | €573 | +€573 | |
| Financial charges | 65/66B | €101,572 | €192,796 | +€91,224 | +89.8% |
| Recurring financial charges | 65 | €101,572 | €190,624 | +€89,052 | +87.7% |
| Debt charges | 650 | - | €49,210 | +€49,210 | |
| Other financial charges | 652/9 | - | €141,414 | +€141,414 | |
| Non-recurring financial charges | 66B | - | €2,172 | +€2,172 | |
| Profit (loss) for the period before taxes | 9903 | €4,614,975 | €6,948,664 | +€2.3m | +50.6% |
| Transfer from deferred taxes | 780 | €858 | €858 | +€0 | 0.0% |
| Income taxes | 67/77 | €1,154,162 | €1,721,800 | +€567,638 | +49.2% |
| Taxes | 670/3 | - | €1,721,800 | +€1.7m | |
| Profit (loss) for the period | 9904 | €3,461,670 | €5,227,722 | +€1.8m | +51.0% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €999,997 | +€789,497 | +375% |
| Profit (loss) for the period to be appropriated | 9905 | €3,251,170 | €4,227,725 | +€976,555 | +30.0% |
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 16 October 2026 via checked.be.