BATAVES 1521: 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
BATAVES 1521
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€667,508
2024 · -€926,910+€259,403
Equity
-€69,459
2024 · €598,049-€667,508
Cash
€1.3m
2024 · €52,070+€1.2m
Balance sheet total
€19.8m
2024 · €14.9m+€4.9m
Largest movements
Assets
- Stocks and contracts +€5.6m
up €5.6m (+42.7%), from €13.0m to €18.6m
- Receivables within one year -€1.9m
down €1.9m (-99.9%), from €1.9m to €1,614
of which Trade receivables: -€1.9m
- Cash +€1.2m
up €1.2m (+2,370%), from €52,070 to €1.3m
mainly Short-term financial debts (+€18.3m) and Receivables within one year (+€1.9m)
Equity and liabilities
- Short-term financial debts +€18.3m
new in 2025: €18.3m
of which Other loans: +€14.4m
- Other debts -€12.3m
no longer reported in 2025 (was €12.3m)
- Trade debts -€938,930
down €938,930 (-55.4%), from €1.7m to €756,364
- Accrued charges and deferred income +€707,991
new in 2025: €707,991
- Profit (loss) carried forward -€667,508
down €667,508 (-44.8%), from -€1.5m to -€2.2m
Income statement
- Turnover +€475,245
new in 2025: €475,245
- Services and other goods -€105,926
no longer reported in 2025 (was €105,926)
- Other operating charges -€74,156
down €74,156 (-69.8%), from €106,290 to €32,134
- Provisions -€32,105
no longer reported in 2025 (was €32,105)
- Gross operating margin +€30,998
new in 2025: €30,998
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
-€926,910
Turnover
+€475,245
Other operating income
-€10,000
Services and other goods
+€105,926
Provisions
+€32,105
Other operating charges
+€74,156
Other operating items
-€444,247
Financial income
-€5
Financial charges
+€26,223
Result 2025
-€667,508
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
-€17.1m
Investment
€0
Financing
+€18.3m
Cash 2024
€52,070
From operations (derived)
-€17.1m
Net result for the year
-€667,508
Stocks and contracts
-€5.6m
Receivables within one year
+€1.9m
Deferred charges and accrued income
+€1
Trade debts
-€938,930
Tax, wage and social debts
-€178,833
Other debts
-€12.3m
Accrued charges and deferred income
+€707,991
Financing
+€18.3m
Short-term financial debts
+€18.3m
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,916,419 | €19,843,249 | +€4.9m | +33.0% |
| Current assets | 29/58 | €14,916,419 | €19,843,249 | +€4.9m | +33.0% |
| Stocks and contracts in progress | 3 | €12,999,632 | €18,555,541 | +€5.6m | +42.7% |
| Stocks | 30/36 | €12,999,632 | €18,555,541 | +€5.6m | +42.7% |
| Property held for sale | 35 | €12,999,632 | - | -€13.0m | |
| Amounts receivable within one year | 40/41 | €1,864,716 | €1,614 | -€1.9m | -99.9% |
| Trade receivables | 40 | €1,855,211 | €1,609 | -€1.9m | -99.9% |
| Other amounts receivable | 41 | €9,505 | €5 | -€9,501 | -99.9% |
| Cash at bank and in hand | 54/58 | €52,070 | €1,286,094 | +€1.2m | +2,370% |
| Deferred charges and accrued income | 490/1 | €1 | - | -€1 | |
| Total equity and liabilities | 10/49 | €14,916,419 | €19,843,249 | +€4.9m | +33.0% |
| Equity | 10/15 | €598,049 | -€69,459 | -€667,508 | |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €89,000 | €89,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €89,000 | €89,000 | = | 0.0% |
| Legal reserve | 130 | €89,000 | €89,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,490,951 | -€2,158,459 | -€667,508 | -44.8% |
| Provisions and deferred taxes | 16 | €75,000 | €75,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €75,000 | €75,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable | 17/49 | €14,243,370 | €19,837,708 | +€5.6m | +39.3% |
| Amounts payable after more than one year | 17 | €3,280 | €3,280 | = | 0.0% |
| Other amounts payable | 178/9 | €3,280 | €3,280 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,240,090 | €19,126,437 | +€4.9m | +34.3% |
| Financial debts | 43 | - | €18,311,156 | +€18.3m | |
| Credit institutions | 430/8 | - | €3,883,647 | +€3.9m | |
| Other loans | 439 | - | €14,427,509 | +€14.4m | |
| Trade debts | 44 | €1,695,295 | €756,364 | -€938,930 | -55.4% |
| Suppliers | 440/4 | €1,695,295 | €756,364 | -€938,930 | -55.4% |
| Taxes, remuneration and social security | 45 | €237,749 | €58,917 | -€178,833 | -75.2% |
| Taxes | 450/3 | €237,749 | €58,917 | -€178,833 | -75.2% |
| Other amounts payable | 47/48 | €12,307,046 | - | -€12.3m | |
| Accrued charges and deferred income | 492/3 | - | €707,991 | +€707,991 | |
| Operating income | 70/76A | €10,000 | - | -€10,000 | |
| Turnover | 70 | - | €475,245 | +€475,245 | |
| Other operating income | 74 | €10,000 | - | -€10,000 | |
| Operating charges | 60/66A | €244,321 | - | -€244,321 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €444,247 | +€444,247 | |
| Goods for resale, raw materials and consumables | 60 | €0 | - | = | |
| Purchases | 600/8 | €885,235 | - | -€885,235 | |
| Change in stocks: decrease (increase) | 609 | -€885,235 | - | +€885,235 | |
| Services and other goods | 61 | €105,926 | - | -€105,926 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €32,105 | - | -€32,105 | |
| Other operating charges | 640/8 | €106,290 | €32,134 | -€74,156 | -69.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | - | €30,998 | +€30,998 | |
| Operating profit (loss) | 9901 | -€234,321 | -€1,136 | +€233,185 | +99.5% |
| Financial income | 75/76B | €9 | €3 | -€5 | -61.4% |
| Recurring financial income | 75 | €9 | €3 | -€5 | -61.4% |
| Income from financial fixed assets | 750 | €5 | - | -€5 | |
| Other financial income | 752/9 | €3 | - | -€3 | |
| Financial charges | 65/66B | €692,598 | €666,375 | -€26,223 | -3.8% |
| Recurring financial charges | 65 | €692,598 | €666,375 | -€26,223 | -3.8% |
| Debt charges | 650 | €691,982 | - | -€691,982 | |
| Other financial charges | 652/9 | €616 | - | -€616 | |
| Profit (loss) for the period before taxes | 9903 | -€926,910 | -€667,508 | +€259,403 | +28.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Taxes | 670/3 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€926,910 | -€667,508 | +€259,403 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€926,910 | -€667,508 | +€259,403 | +28.0% |
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 25 October 2026 via checked.be.