BATHCO: 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.
BATHCO
Largest movements
- Receivables within one year +€15,406
up €15,406, from €0 to €15,406
- Cash +€3,815
up €3,815 (+7.6%), from €50,161 to €53,977
mainly Net result for the year (+€23,567) and Depreciation (+€3,632)
- Tangible fixed assets -€3,632
down €3,632 (-52.3%), from €6,940 to €3,307
- Profit (loss) carried forward +€23,567
up €23,567 (+74.9%), from €31,468 to €55,035
- Other debts -€5,565
down €5,565 (-71.5%), from €7,788 to €2,223
- Tax, wage and social debts -€2,748
down €2,748 (-16.9%), from €16,226 to €13,478
- Gross operating margin +€1,073
up €1,073 (+3.2%), from €33,813 to €34,886
- Other operating charges -€808
down €808 (-58.8%), from €1,375 to €566
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 | €57,982 | €73,236 | +€15,254 | +26.3% |
| Fixed assets | 21/28 | €6,940 | €3,307 | -€3,632 | -52.3% |
| Tangible fixed assets | 22/27 | €6,940 | €3,307 | -€3,632 | -52.3% |
| Furniture and vehicles | 24 | €6,940 | €3,307 | -€3,632 | -52.3% |
| Current assets | 29/58 | €51,043 | €69,929 | +€18,886 | +37.0% |
| Amounts receivable within one year | 40/41 | €0 | €15,406 | +€15,406 | |
| Trade receivables | 40 | €0 | €15,406 | +€15,406 | |
| Cash at bank and in hand | 54/58 | €50,161 | €53,977 | +€3,815 | +7.6% |
| Deferred charges and accrued income | 490/1 | €881 | €547 | -€335 | -38.0% |
| Total equity and liabilities | 10/49 | €57,982 | €73,236 | +€15,254 | +26.3% |
| Equity | 10/15 | €33,968 | €57,535 | +€23,567 | +69.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,468 | €55,035 | +€23,567 | +74.9% |
| Amounts payable | 17/49 | €24,014 | €15,702 | -€8,313 | -34.6% |
| Amounts payable within one year | 42/48 | €24,014 | €15,702 | -€8,313 | -34.6% |
| Taxes, remuneration and social security | 45 | €16,226 | €13,478 | -€2,748 | -16.9% |
| Taxes | 450/3 | €16,226 | €13,478 | -€2,748 | -16.9% |
| Other amounts payable | 47/48 | €7,788 | €2,223 | -€5,565 | -71.5% |
| Remuneration, social security and pensions | 62 | - | €175 | +€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,518 | €3,632 | +€115 | +3.3% |
| Other operating charges | 640/8 | €1,375 | €566 | -€808 | -58.8% |
| Gross operating margin | 9900 | €33,813 | €34,886 | +€1,073 | +3.2% |
| Operating profit (loss) | 9901 | €28,921 | €30,512 | +€1,592 | +5.5% |
| Financial income | 75/76B | €24 | €189 | +€164 | +675.6% |
| Recurring financial income | 75 | €24 | €189 | +€164 | +675.6% |
| Financial charges | 65/66B | €3 | €242 | +€239 | +7901.3% |
| Recurring financial charges | 65 | €3 | €242 | +€239 | +7901.3% |
| Profit (loss) for the period before taxes | 9903 | €28,942 | €30,459 | +€1,517 | +5.2% |
| Income taxes | 67/77 | €6,573 | €6,892 | +€319 | +4.8% |
| Profit (loss) for the period | 9904 | €22,369 | €23,567 | +€1,198 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,369 | €23,567 | +€1,198 | +5.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.