BAT-EAU: 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.
BAT-EAU
Largest movements
- Receivables within one year +€621
up €621 (+6.7%), from €9,330 to €9,951
of which Trade receivables: +€526
- Other debts +€1,429
up €1,429 (+39.8%), from €3,593 to €5,022
- Tax, wage and social debts -€1,019
no longer reported in 2025 (was €1,019)
- Profit (loss) carried forward -€664
down €664 (-3.2%), from -€20,933 to -€21,596
- Short-term financial debts +€576
up €576 (+18.9%), from €3,051 to €3,626
- Trade debts +€300
up €300 (+299%), from €100 to €400
- Gross operating margin +€1,265
up €1,265, from -€1,247 to €18
- Financial charges +€77
up €77 (+16.9%), from €456 to €533
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,330 | €9,951 | +€621 | +6.7% |
| Current assets | 29/58 | €9,330 | €9,951 | +€621 | +6.7% |
| Amounts receivable within one year | 40/41 | €9,330 | €9,951 | +€621 | +6.7% |
| Trade receivables | 40 | €9,330 | €9,856 | +€526 | +5.6% |
| Other amounts receivable | 41 | - | €95 | +€95 | |
| Total equity and liabilities | 10/49 | €9,330 | €9,951 | +€621 | +6.7% |
| Equity | 10/15 | €1,567 | €904 | -€664 | -42.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 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% |
| Tax-exempt reserves | 132 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,933 | -€21,596 | -€664 | -3.2% |
| Amounts payable | 17/49 | €7,763 | €9,048 | +€1,285 | +16.6% |
| Amounts payable within one year | 42/48 | €7,763 | €9,048 | +€1,285 | +16.6% |
| Financial debts | 43 | €3,051 | €3,626 | +€576 | +18.9% |
| Credit institutions | 430/8 | €3,051 | €3,626 | +€576 | +18.9% |
| Trade debts | 44 | €100 | €400 | +€300 | +299% |
| Suppliers | 440/4 | €100 | €400 | +€300 | +299% |
| Taxes, remuneration and social security | 45 | €1,019 | - | -€1,019 | |
| Taxes | 450/3 | €1,019 | - | -€1,019 | |
| Other amounts payable | 47/48 | €3,593 | €5,022 | +€1,429 | +39.8% |
| Other operating charges | 640/8 | €149 | €149 | = | 0.0% |
| Gross operating margin | 9900 | -€1,247 | €18 | +€1,265 | |
| Operating profit (loss) | 9901 | -€1,395 | -€131 | +€1,265 | +90.6% |
| Financial charges | 65/66B | €456 | €533 | +€77 | +16.9% |
| Recurring financial charges | 65 | €456 | €533 | +€77 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,851 | -€664 | +€1,188 | +64.2% |
| Profit (loss) for the period | 9904 | -€1,851 | -€664 | +€1,188 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,851 | -€664 | +€1,188 | +64.2% |
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.