BAT-IMMO-PRO: 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-IMMO-PRO
Largest movements
- Cash +€155,525
up €155,525 (+156%), from €99,770 to €255,295
mainly Other debts (+€182,176) and Net result for the year (+€45,040)
- Receivables within one year +€8,573
up €8,573 (+139%), from €6,156 to €14,729
of which Trade receivables: +€5,108
- Stocks and contracts +€5,405
up €5,405 (+6.4%), from €84,013 to €89,418
- Tangible fixed assets -€4,916
down €4,916 (-21.0%), from €23,402 to €18,486
- Other debts +€182,176
up €182,176 (+957%), from €19,029 to €201,205
- Profit (loss) carried forward -€57,960
down €57,960 (-35.8%), from €161,907 to €103,947
- Trade debts +€38,169
up €38,169 (+296%), from €12,899 to €51,068
- Gross operating margin -€26,599
down €26,599 (-22.0%), from €120,740 to €94,140
- Taxes -€5,255
down €5,255 (-33.0%), from €15,928 to €10,673
- Financial charges -€3,314
down €3,314 (-93.7%), from €3,538 to €224
of which Non-recurring financial charges: -€3,219
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
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 | €214,111 | €378,879 | +€164,768 | +77.0% |
| Fixed assets | 21/28 | €23,402 | €18,486 | -€4,916 | -21.0% |
| Tangible fixed assets | 22/27 | €23,402 | €18,486 | -€4,916 | -21.0% |
| Furniture and vehicles | 24 | €23,402 | €18,486 | -€4,916 | -21.0% |
| Current assets | 29/58 | €190,709 | €360,393 | +€169,684 | +89.0% |
| Stocks and contracts in progress | 3 | €84,013 | €89,418 | +€5,405 | +6.4% |
| Stocks | 30/36 | €84,013 | €89,418 | +€5,405 | +6.4% |
| Amounts receivable within one year | 40/41 | €6,156 | €14,729 | +€8,573 | +139% |
| Trade receivables | 40 | €6,156 | €11,264 | +€5,108 | +83.0% |
| Other amounts receivable | 41 | - | €3,465 | +€3,465 | |
| Cash at bank and in hand | 54/58 | €99,770 | €255,295 | +€155,525 | +156% |
| Deferred charges and accrued income | 490/1 | €770 | €950 | +€180 | +23.4% |
| Total equity and liabilities | 10/49 | €214,111 | €378,879 | +€164,768 | +77.0% |
| Equity | 10/15 | €166,907 | €108,947 | -€57,960 | -34.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €5,000 | +€5,000 | |
| Other | 1109/19 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €161,907 | €103,947 | -€57,960 | -35.8% |
| Amounts payable | 17/49 | €47,204 | €269,932 | +€222,728 | +472% |
| Amounts payable within one year | 42/48 | €47,086 | €269,932 | +€222,846 | +473% |
| Current portion of amounts payable after more than one year | 42 | €1,166 | - | -€1,166 | |
| Trade debts | 44 | €12,899 | €51,068 | +€38,169 | +296% |
| Suppliers | 440/4 | €12,899 | €51,068 | +€38,169 | +296% |
| Taxes, remuneration and social security | 45 | €13,992 | €17,658 | +€3,667 | +26.2% |
| Taxes | 450/3 | €9,271 | €7,606 | -€1,665 | -18.0% |
| Remuneration and social security | 454/9 | €4,721 | €10,052 | +€5,331 | +113% |
| Other amounts payable | 47/48 | €19,029 | €201,205 | +€182,176 | +957% |
| Accrued charges and deferred income | 492/3 | €118 | - | -€118 | |
| Non-recurring operating income | 76A | €425 | - | -€425 | |
| Remuneration, social security and pensions | 62 | €31,792 | €31,678 | -€114 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,460 | €6,072 | -€388 | -6.0% |
| Other operating charges | 640/8 | €378 | €483 | +€105 | +27.8% |
| Gross operating margin | 9900 | €120,740 | €94,140 | -€26,599 | -22.0% |
| Operating profit (loss) | 9901 | €82,110 | €55,907 | -€26,202 | -31.9% |
| Financial income | 75/76B | €128 | €29 | -€99 | -77.2% |
| Recurring financial income | 75 | €128 | €29 | -€99 | -77.2% |
| Financial charges | 65/66B | €3,538 | €224 | -€3,314 | -93.7% |
| Recurring financial charges | 65 | €318 | €224 | -€95 | -29.7% |
| Non-recurring financial charges | 66B | €3,219 | - | -€3,219 | |
| Profit (loss) for the period before taxes | 9903 | €78,700 | €55,713 | -€22,987 | -29.2% |
| Income taxes | 67/77 | €15,928 | €10,673 | -€5,255 | -33.0% |
| Profit (loss) for the period | 9904 | €62,772 | €45,040 | -€17,732 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,772 | €45,040 | -€17,732 | -28.2% |
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 15 October 2026 via checked.be.