BAT-GIER: 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.
BAT-GIER
Largest movements
- Stocks and contracts +€3,581
up €3,581 (+4.5%), from €80,405 to €83,986
- Cash +€2,833
up €2,833 (+83.9%), from €3,378 to €6,212
mainly Net result for the year (+€5,301) and Receivables within one year (+€1,412)
- Receivables within one year -€1,412
down €1,412 (-59.9%), from €2,357 to €946
of which Trade receivables: -€1,590
- Profit (loss) carried forward +€5,301
up €5,301 (+6.2%), from -€85,256 to -€79,955
- Trade debts -€3,816
down €3,816 (-32.7%), from €11,657 to €7,841
- Other debts +€1,407
up €1,407 (+1.8%), from €79,832 to €81,239
- Accrued charges and deferred income +€1,070
up €1,070 (+4.8%), from €22,117 to €23,187
- Gross operating margin +€8,500
up €8,500 (+161.5%), from €5,264 to €13,764
- Write-downs +€1,549
up €1,549 (+54.5%), from €2,841 to €4,390
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 | €90,275 | €94,179 | +€3,903 | +4.3% |
| Fixed assets | 21/28 | €1,540 | €1,174 | -€367 | -23.8% |
| Tangible fixed assets | 22/27 | €1,540 | €1,174 | -€367 | -23.8% |
| Other tangible fixed assets | 26 | €1,540 | €1,174 | -€367 | -23.8% |
| Current assets | 29/58 | €88,735 | €93,005 | +€4,270 | +4.8% |
| Stocks and contracts in progress | 3 | €80,405 | €83,986 | +€3,581 | +4.5% |
| Stocks | 30/36 | €80,405 | €83,986 | +€3,581 | +4.5% |
| Amounts receivable within one year | 40/41 | €2,357 | €946 | -€1,412 | -59.9% |
| Trade receivables | 40 | €1,590 | - | -€1,590 | |
| Other amounts receivable | 41 | €768 | €946 | +€178 | +23.1% |
| Cash at bank and in hand | 54/58 | €3,378 | €6,212 | +€2,833 | +83.9% |
| Deferred charges and accrued income | 490/1 | €2,594 | €1,861 | -€733 | -28.3% |
| Total equity and liabilities | 10/49 | €90,275 | €94,179 | +€3,903 | +4.3% |
| Equity | 10/15 | -€79,056 | -€73,755 | +€5,301 | +6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,256 | -€79,955 | +€5,301 | +6.2% |
| Amounts payable | 17/49 | €169,331 | €167,934 | -€1,398 | -0.8% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,214 | €94,747 | -€2,468 | -2.5% |
| Trade debts | 44 | €11,657 | €7,841 | -€3,816 | -32.7% |
| Suppliers | 440/4 | €11,657 | €7,841 | -€3,816 | -32.7% |
| Taxes, remuneration and social security | 45 | €5,726 | €5,666 | -€59 | -1.0% |
| Taxes | 450/3 | €5,726 | €5,666 | -€59 | -1.0% |
| Other amounts payable | 47/48 | €79,832 | €81,239 | +€1,407 | +1.8% |
| Accrued charges and deferred income | 492/3 | €22,117 | €23,187 | +€1,070 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294 | €367 | +€73 | +24.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,841 | €4,390 | +€1,549 | +54.5% |
| Other operating charges | 640/8 | €1,745 | €1,772 | +€27 | +1.5% |
| Gross operating margin | 9900 | €5,264 | €13,764 | +€8,500 | +161.5% |
| Operating profit (loss) | 9901 | €384 | €7,235 | +€6,851 | +1782.0% |
| Financial income | 75/76B | €331 | €379 | +€48 | +14.4% |
| Recurring financial income | 75 | €331 | €379 | +€48 | +14.4% |
| Financial charges | 65/66B | €1,889 | €1,923 | +€34 | +1.8% |
| Recurring financial charges | 65 | €1,889 | €1,923 | +€34 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,173 | €5,691 | +€6,864 | |
| Income taxes | 67/77 | €390 | €390 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€1,563 | €5,301 | +€6,864 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,563 | €5,301 | +€6,864 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.