BATHERMO: what changed
What changed
BATHERMO
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€63,255
2025 · €57,540+€5,715
Equity
€113,255
2025 · €107,540+€5,715
Cash
€8,274
2025 · €24,712-€16,438
Balance sheet total
€1.0m
2025 · €868,128+€152,686
Largest movements
Assets
- Receivables within one year +€156,454
up €156,454 (+49.8%), from €314,127 to €470,581
of which Trade receivables: +€138,109
- Cash -€16,438
down €16,438 (-66.5%), from €24,712 to €8,274
mainly Receivables within one year (-€156,454) and Investment in fixed assets (net) (-€72,367)
- Stocks and contracts +€15,026
up €15,026 (+5.5%), from €273,854 to €288,880
of which Stocks: +€13,874
Equity and liabilities
- Trade debts +€53,366
up €53,366 (+162%), from €32,848 to €86,213
- Other debts +€53,070
up €53,070 (+23.7%), from €224,100 to €277,170
- Debts after one year +€50,911
up €50,911 (+11.5%), from €443,767 to €494,678
Income statement
- Gross operating margin -€76,454
down €76,454 (-13.8%), from €553,793 to €477,340
- Staff costs -€73,857
down €73,857 (-18.8%), from €392,226 to €318,369
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€57,540
Gross operating margin
-€76,454
Staff costs
+€73,857
Depreciation
+€5,491
Other operating charges
-€97
Financial income
+€70
Financial charges
+€5,496
Taxes
-€2,648
Result 2026
€63,255
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€67,893
Investment
-€72,367
Financing
-€11,964
Cash 2025
€24,712
From operations (derived)
+€67,893
Net result for the year
+€63,255
Depreciation
+€67,878
Stocks and contracts
-€15,026
Receivables within one year
-€156,454
Deferred charges and accrued income
+€6,845
Trade debts
+€53,366
Tax, wage and social debts
-€1,004
Other debts
+€53,070
Accrued charges and deferred income
-€4,036
Investment (derived)
-€72,367
Investment in fixed assets (net)
-€72,367
Financing
-€11,964
Debts after one year
+€50,911
Current portion of long-term debt
-€5,335
Contributions, distributions and other
-€57,540
Cash 2026
€8,274
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €868,128 | €1,020,815 | +€152,686 | +17.6% |
| Fixed assets | 21/28 | €234,613 | €239,102 | +€4,489 | +1.9% |
| Intangible fixed assets | 21 | €27,340 | €23,246 | -€4,095 | -15.0% |
| Tangible fixed assets | 22/27 | €204,056 | €212,640 | +€8,584 | +4.2% |
| Plant, machinery and equipment | 23 | €9,461 | €4,968 | -€4,493 | -47.5% |
| Furniture and vehicles | 24 | €54,908 | €92,721 | +€37,813 | +68.9% |
| Leasing and similar rights | 25 | €93,363 | €72,293 | -€21,070 | -22.6% |
| Other tangible fixed assets | 26 | €46,325 | €42,658 | -€3,666 | -7.9% |
| Financial fixed assets | 28 | €3,217 | €3,217 | = | 0.0% |
| Current assets | 29/58 | €633,515 | €781,712 | +€148,197 | +23.4% |
| Stocks and contracts in progress | 3 | €273,854 | €288,880 | +€15,026 | +5.5% |
| Stocks | 30/36 | €239,560 | €253,434 | +€13,874 | +5.8% |
| Contracts in progress | 37 | €34,294 | €35,446 | +€1,152 | +3.4% |
| Amounts receivable within one year | 40/41 | €314,127 | €470,581 | +€156,454 | +49.8% |
| Trade receivables | 40 | €300,662 | €438,771 | +€138,109 | +45.9% |
| Other amounts receivable | 41 | €13,464 | €31,809 | +€18,345 | +136% |
| Cash at bank and in hand | 54/58 | €24,712 | €8,274 | -€16,438 | -66.5% |
| Deferred charges and accrued income | 490/1 | €20,823 | €13,978 | -€6,845 | -32.9% |
| Total equity and liabilities | 10/49 | €868,128 | €1,020,815 | +€152,686 | +17.6% |
| Equity | 10/15 | €107,540 | €113,255 | +€5,715 | +5.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €57,540 | €63,255 | +€5,715 | +9.9% |
| Distributable reserves | 133 | €57,540 | €63,255 | +€5,715 | +9.9% |
| Amounts payable | 17/49 | €760,589 | €907,560 | +€146,971 | +19.3% |
| Amounts payable after more than one year | 17 | €443,767 | €494,678 | +€50,911 | +11.5% |
| Financial debts | 170/4 | €443,767 | €494,678 | +€50,911 | +11.5% |
| Amounts payable within one year | 42/48 | €312,786 | €412,882 | +€100,097 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €38,947 | €33,613 | -€5,335 | -13.7% |
| Trade debts | 44 | €32,848 | €86,213 | +€53,366 | +162% |
| Suppliers | 440/4 | €32,848 | €86,213 | +€53,366 | +162% |
| Taxes, remuneration and social security | 45 | €16,891 | €15,887 | -€1,004 | -5.9% |
| Taxes | 450/3 | €2,467 | €231 | -€2,236 | -90.6% |
| Remuneration and social security | 454/9 | €14,424 | €15,656 | +€1,232 | +8.5% |
| Other amounts payable | 47/48 | €224,100 | €277,170 | +€53,070 | +23.7% |
| Accrued charges and deferred income | 492/3 | €4,036 | - | -€4,036 | |
| Remuneration, social security and pensions | 62 | €392,226 | €318,369 | -€73,857 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,368 | €67,878 | -€5,491 | -7.5% |
| Other operating charges | 640/8 | €436 | €533 | +€97 | +22.3% |
| Gross operating margin | 9900 | €553,793 | €477,340 | -€76,454 | -13.8% |
| Operating profit (loss) | 9901 | €87,763 | €90,559 | +€2,797 | +3.2% |
| Financial income | 75/76B | €1,823 | €1,893 | +€70 | +3.9% |
| Recurring financial income | 75 | €1,823 | €1,893 | +€70 | +3.9% |
| Financial charges | 65/66B | €13,150 | €7,654 | -€5,496 | -41.8% |
| Recurring financial charges | 65 | €13,150 | €7,654 | -€5,496 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €76,435 | €84,798 | +€8,363 | +10.9% |
| Income taxes | 67/77 | €18,895 | €21,543 | +€2,648 | +14.0% |
| Profit (loss) for the period | 9904 | €57,540 | €63,255 | +€5,715 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,540 | €63,255 | +€5,715 | +9.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.