BATHE: 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.
BATHE
Largest movements
- Financial fixed assets +€350,000
new in 2025: €350,000
- Tangible fixed assets -€15,992
down €15,992 (-5.2%), from €309,732 to €293,740
of which Furniture and vehicles: -€8,058
- Cash -€7,345
down €7,345 (-85.1%), from €8,633 to €1,288
mainly Investment in fixed assets (net) (-€350,747) and Current investments (-€5,969)
- Debts after one year +€200,873
up €200,873 (+88.4%), from €227,122 to €427,995
- Other debts +€107,419
up €107,419 (+205%), from €52,278 to €159,697
- Current portion of long-term debt +€28,202
up €28,202 (+177%), from €15,925 to €44,127
- Gross operating margin +€7,769
up €7,769 (+33.0%), from €23,559 to €31,328
- Financial charges +€3,256
up €3,256 (+30.0%), from €10,846 to €14,102
- Staff costs -€2,056
down €2,056 (-100%), from €2,056 to €0
- Other operating charges +€703
up €703 (+76.1%), from €924 to €1,627
- Financial income +€634
up €634 (+905,229%), from €0 to €634
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 | €327,167 | €663,636 | +€336,469 | +103% |
| Fixed assets | 21/28 | €309,732 | €643,740 | +€334,008 | +108% |
| Tangible fixed assets | 22/27 | €309,732 | €293,740 | -€15,992 | -5.2% |
| Land and buildings | 22 | €292,722 | €285,752 | -€6,970 | -2.4% |
| Furniture and vehicles | 24 | €13,270 | €5,212 | -€8,058 | -60.7% |
| Other tangible fixed assets | 26 | €3,740 | €2,776 | -€964 | -25.8% |
| Financial fixed assets | 28 | - | €350,000 | +€350,000 | |
| Current assets | 29/58 | €17,435 | €19,896 | +€2,461 | +14.1% |
| Amounts receivable within one year | 40/41 | €7,792 | €11,336 | +€3,544 | +45.5% |
| Trade receivables | 40 | €7,792 | €11,336 | +€3,544 | +45.5% |
| Current investments | 50/53 | €31 | €6,000 | +€5,969 | +19,237% |
| Cash at bank and in hand | 54/58 | €8,633 | €1,288 | -€7,345 | -85.1% |
| Deferred charges and accrued income | 490/1 | €980 | €1,273 | +€293 | +29.9% |
| Total equity and liabilities | 10/49 | €327,167 | €663,636 | +€336,469 | +103% |
| Equity | 10/15 | €17,758 | €16,805 | -€952 | -5.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €64,500 | €64,500 | = | 0.0% |
| Distributable reserves | 133 | €64,500 | €64,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,742 | -€52,695 | -€952 | -1.8% |
| Amounts payable | 17/49 | €309,410 | €646,831 | +€337,421 | +109% |
| Amounts payable after more than one year | 17 | €227,122 | €427,995 | +€200,873 | +88.4% |
| Financial debts | 170/4 | €227,122 | €427,995 | +€200,873 | +88.4% |
| Amounts payable within one year | 42/48 | €82,288 | €218,836 | +€136,548 | +166% |
| Current portion of amounts payable after more than one year | 42 | €15,925 | €44,127 | +€28,202 | +177% |
| Trade debts | 44 | €851 | €1,987 | +€1,136 | +134% |
| Suppliers | 440/4 | €851 | €1,987 | +€1,136 | +134% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €13,234 | €13,025 | -€209 | -1.6% |
| Taxes | 450/3 | €7,634 | €10,225 | +€2,591 | +33.9% |
| Remuneration and social security | 454/9 | €5,600 | €2,800 | -€2,800 | -50.0% |
| Other amounts payable | 47/48 | €52,278 | €159,697 | +€107,419 | +205% |
| Remuneration, social security and pensions | 62 | €2,056 | €0 | -€2,056 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,147 | €16,740 | -€407 | -2.4% |
| Other operating charges | 640/8 | €924 | €1,627 | +€703 | +76.1% |
| Gross operating margin | 9900 | €23,559 | €31,328 | +€7,769 | +33.0% |
| Operating profit (loss) | 9901 | €3,432 | €12,961 | +€9,529 | +278% |
| Financial income | 75/76B | €0 | €634 | +€634 | +905,229% |
| Recurring financial income | 75 | €0 | €634 | +€634 | +905,229% |
| Financial charges | 65/66B | €10,846 | €14,102 | +€3,256 | +30.0% |
| Recurring financial charges | 65 | €10,846 | €14,102 | +€3,256 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,414 | -€507 | +€6,907 | +93.2% |
| Income taxes | 67/77 | -€114 | €446 | +€560 | |
| Profit (loss) for the period | 9904 | -€7,300 | -€952 | +€6,347 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,300 | -€952 | +€6,347 | +87.0% |
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 19 October 2026 via checked.be.