BATENA: 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.
BATENA
Largest movements
- Stocks and contracts +€206,282
up €206,282 (+77.5%), from €266,151 to €472,433
- Cash -€120,815
down €120,815 (-98.0%), from €123,236 to €2,421
mainly Stocks and contracts (-€206,282) and Debts after one year (-€42,601)
- Receivables within one year +€31,572
up €31,572 (+374.1%), from €8,440 to €40,012
of which Trade receivables: +€29,553
- Other debts +€110,912
up €110,912 (+81.9%), from €135,469 to €246,381
- Reserves +€50,006
up €50,006 (+707.5%), from €7,068 to €57,075
- Debts after one year -€42,601
down €42,601 (-23.0%), from €185,391 to €142,790
- Trade debts -€27,203
down €27,203 (-88.7%), from €30,683 to €3,480
- Tax, wage and social debts +€23,465
up €23,465 (+6135.4%), from €382 to €23,847
- Gross operating margin +€70,777
up €70,777 (+494.5%), from €14,312 to €85,089
- Taxes +€23,320
up €23,320 (+6097.6%), from €382 to €23,703
- Other operating charges -€1,193
down €1,193 (-52.0%), from €2,293 to €1,100
- Financial charges -€1,180
down €1,180 (-16.1%), from €7,318 to €6,138
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 | €404,454 | €520,173 | +€115,720 | +28.6% |
| Fixed assets | 21/28 | €3,606 | €2,439 | -€1,166 | -32.3% |
| Tangible fixed assets | 22/27 | €3,606 | €2,439 | -€1,166 | -32.3% |
| Plant, machinery and equipment | 23 | €1,429 | €0 | -€1,429 | -100.0% |
| Furniture and vehicles | 24 | €2,177 | €2,439 | +€263 | +12.1% |
| Current assets | 29/58 | €400,848 | €517,734 | +€116,886 | +29.2% |
| Stocks and contracts in progress | 3 | €266,151 | €472,433 | +€206,282 | +77.5% |
| Stocks | 30/36 | €266,151 | €472,433 | +€206,282 | +77.5% |
| Amounts receivable within one year | 40/41 | €8,440 | €40,012 | +€31,572 | +374.1% |
| Trade receivables | 40 | €1,200 | €30,753 | +€29,553 | +2462.8% |
| Other amounts receivable | 41 | €7,240 | €9,259 | +€2,019 | +27.9% |
| Cash at bank and in hand | 54/58 | €123,236 | €2,421 | -€120,815 | -98.0% |
| Deferred charges and accrued income | 490/1 | €3,020 | €2,868 | -€153 | -5.1% |
| Total equity and liabilities | 10/49 | €404,454 | €520,173 | +€115,720 | +28.6% |
| Equity | 10/15 | €11,068 | €61,075 | +€50,006 | +451.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €7,068 | €57,075 | +€50,006 | +707.5% |
| Distributable reserves | 133 | €7,068 | €57,075 | +€50,006 | +707.5% |
| Amounts payable | 17/49 | €393,385 | €459,099 | +€65,714 | +16.7% |
| Amounts payable after more than one year | 17 | €185,391 | €142,790 | -€42,601 | -23.0% |
| Financial debts | 170/4 | €185,391 | €142,790 | -€42,601 | -23.0% |
| Amounts payable within one year | 42/48 | €207,994 | €316,309 | +€108,315 | +52.1% |
| Current portion of amounts payable after more than one year | 42 | €41,460 | €42,601 | +€1,141 | +2.8% |
| Trade debts | 44 | €30,683 | €3,480 | -€27,203 | -88.7% |
| Suppliers | 440/4 | €30,683 | €3,480 | -€27,203 | -88.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €382 | €23,847 | +€23,465 | +6135.4% |
| Taxes | 450/3 | €382 | €23,847 | +€23,465 | +6135.4% |
| Other amounts payable | 47/48 | €135,469 | €246,381 | +€110,912 | +81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,381 | €4,154 | +€773 | +22.9% |
| Other operating charges | 640/8 | €2,293 | €1,100 | -€1,193 | -52.0% |
| Gross operating margin | 9900 | €14,312 | €85,089 | +€70,777 | +494.5% |
| Operating profit (loss) | 9901 | €8,638 | €79,835 | +€71,197 | +824.2% |
| Financial income | 75/76B | €11 | €11 | +€1 | +6.9% |
| Recurring financial income | 75 | €11 | €11 | +€1 | +6.9% |
| Financial charges | 65/66B | €7,318 | €6,138 | -€1,180 | -16.1% |
| Recurring financial charges | 65 | €7,318 | €6,138 | -€1,180 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €1,331 | €73,709 | +€72,378 | +5438.2% |
| Income taxes | 67/77 | €382 | €23,703 | +€23,320 | +6097.6% |
| Profit (loss) for the period | 9904 | €948 | €50,006 | +€49,058 | +5172.2% |
| Profit (loss) for the period to be appropriated | 9905 | €948 | €50,006 | +€49,058 | +5172.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.