BAT-EL GENERAL: 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-EL GENERAL
Largest movements
- Deferred charges and accrued income +€118,549
up €118,549 (+5023.4%), from €2,360 to €120,909
- Stocks and contracts -€52,895
no longer reported in 2025 (was €52,895)
- Receivables within one year -€52,511
down €52,511 (-12.3%), from €428,007 to €375,496
of which Trade receivables: -€121,840
- Advances received -€102,739
no longer reported in 2025 (was €102,739)
- Tax, wage and social debts +€98,537
up €98,537 (+170.5%), from €57,789 to €156,326
of which Remuneration and social security: +€101,987
- Profit (loss) carried forward +€42,496
up €42,496 (+13.3%), from €319,967 to €362,462
- Trade debts -€27,828
down €27,828 (-21.4%), from €130,294 to €102,465
- Gross operating margin +€118,738
up €118,738 (+30.8%), from €384,973 to €503,712
- Staff costs +€64,872
up €64,872 (+18.2%), from €356,726 to €421,598
- Taxes +€16,395
up €16,395 (+197.2%), from €8,313 to €24,707
- Financial income +€9,737
up €9,737 (+105.9%), from €9,197 to €18,934
- Financial charges +€7,196
up €7,196 (+62.7%), from €11,477 to €18,673
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 | €634,086 | €639,251 | +€5,165 | +0.8% |
| Fixed assets | 21/28 | €19,121 | €12,775 | -€6,346 | -33.2% |
| Tangible fixed assets | 22/27 | €18,708 | €12,362 | -€6,346 | -33.9% |
| Furniture and vehicles | 24 | €18,708 | €12,362 | -€6,346 | -33.9% |
| Financial fixed assets | 28 | €413 | €413 | = | 0.0% |
| Current assets | 29/58 | €614,965 | €626,477 | +€11,511 | +1.9% |
| Amounts receivable after more than one year | 29 | €130,000 | €130,000 | = | 0.0% |
| Other amounts receivable | 291 | €130,000 | €130,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €52,895 | - | -€52,895 | |
| Stocks | 30/36 | €52,895 | - | -€52,895 | |
| Amounts receivable within one year | 40/41 | €428,007 | €375,496 | -€52,511 | -12.3% |
| Trade receivables | 40 | €243,233 | €121,393 | -€121,840 | -50.1% |
| Other amounts receivable | 41 | €184,774 | €254,103 | +€69,329 | +37.5% |
| Cash at bank and in hand | 54/58 | €1,703 | €72 | -€1,632 | -95.8% |
| Deferred charges and accrued income | 490/1 | €2,360 | €120,909 | +€118,549 | +5023.4% |
| Total equity and liabilities | 10/49 | €634,086 | €639,251 | +€5,165 | +0.8% |
| Equity | 10/15 | €332,361 | €374,857 | +€42,496 | +12.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,194 | €6,194 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,194 | €6,194 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,194 | €6,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | €319,967 | €362,462 | +€42,496 | +13.3% |
| Amounts payable | 17/49 | €301,725 | €264,395 | -€37,331 | -12.4% |
| Amounts payable after more than one year | 17 | €5,604 | - | -€5,604 | |
| Financial debts | 170/4 | €5,604 | - | -€5,604 | |
| Amounts payable within one year | 42/48 | €296,122 | €264,395 | -€31,727 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €5,300 | €5,604 | +€303 | +5.7% |
| Trade debts | 44 | €130,294 | €102,465 | -€27,828 | -21.4% |
| Suppliers | 440/4 | €130,294 | €102,465 | -€27,828 | -21.4% |
| Advances received on contracts in progress | 46 | €102,739 | - | -€102,739 | |
| Taxes, remuneration and social security | 45 | €57,789 | €156,326 | +€98,537 | +170.5% |
| Taxes | 450/3 | €35,479 | €32,028 | -€3,450 | -9.7% |
| Remuneration and social security | 454/9 | €22,310 | €124,297 | +€101,987 | +457.1% |
| Remuneration, social security and pensions | 62 | €356,726 | €421,598 | +€64,872 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,538 | €6,346 | -€191 | -2.9% |
| Other operating charges | 640/8 | €3,799 | €8,825 | +€5,026 | +132.3% |
| Gross operating margin | 9900 | €384,973 | €503,712 | +€118,738 | +30.8% |
| Operating profit (loss) | 9901 | €17,911 | €66,942 | +€49,031 | +273.8% |
| Financial income | 75/76B | €9,197 | €18,934 | +€9,737 | +105.9% |
| Recurring financial income | 75 | €9,197 | €18,934 | +€9,737 | +105.9% |
| Financial charges | 65/66B | €11,477 | €18,673 | +€7,196 | +62.7% |
| Recurring financial charges | 65 | €11,477 | €18,673 | +€7,196 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | €15,631 | €67,203 | +€51,572 | +329.9% |
| Income taxes | 67/77 | €8,313 | €24,707 | +€16,395 | +197.2% |
| Profit (loss) for the period | 9904 | €7,318 | €42,496 | +€35,178 | +480.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,318 | €42,496 | +€35,178 | +480.7% |
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 10 October 2026 via checked.be.