BATHIO: 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.
BATHIO
Largest movements
- Tangible fixed assets +€2.0m
up €2.0m (+177%), from €1.1m to €3.1m
of which Land and buildings: +€2.0m
- Receivables within one year -€347,403
down €347,403 (-73.9%), from €469,908 to €122,505
of which Other amounts receivable: -€361,042
- Receivables after one year -€50,000
down €50,000 (-16.7%), from €300,000 to €250,000
- Other debts +€952,468
up €952,468 (+151%), from €632,327 to €1.6m
- Short-term financial debts +€600,000
new in 2025: €600,000
- Debts after one year -€483,863
down €483,863 (-27.3%), from €1.8m to €1.3m
- Reserves +€371,954
up €371,954 (+108%), from €343,280 to €715,233
of which Tax-exempt reserves: +€281,114
- Provisions +€103,190
up €103,190 (+613%), from €16,844 to €120,034
- Gross operating margin +€888,284
up €888,284 (+853%), from €104,113 to €992,397
- Depreciation +€361,497
up €361,497 (+644%), from €56,149 to €417,646
- Financial income +€195,224
up €195,224 (+810%), from €24,116 to €219,340
- Financial charges +€66,239
up €66,239 (+96.5%), from €68,658 to €134,897
- Taxes +€26,468
up €26,468 (+4,530%), from €584 to €27,053
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 | €2,926,734 | €4,536,824 | +€1.6m | +55.0% |
| Fixed assets | 21/28 | €1,240,217 | €3,202,803 | +€2.0m | +158% |
| Tangible fixed assets | 22/27 | €1,109,217 | €3,071,803 | +€2.0m | +177% |
| Land and buildings | 22 | €1,100,860 | €3,068,128 | +€2.0m | +179% |
| Furniture and vehicles | 24 | €8,357 | €3,674 | -€4,683 | -56.0% |
| Financial fixed assets | 28 | €131,000 | €131,000 | = | 0.0% |
| Current assets | 29/58 | €1,686,517 | €1,334,021 | -€352,495 | -20.9% |
| Amounts receivable after more than one year | 29 | €300,000 | €250,000 | -€50,000 | -16.7% |
| Other amounts receivable | 291 | €300,000 | €250,000 | -€50,000 | -16.7% |
| Stocks and contracts in progress | 3 | €880,919 | €880,919 | = | 0.0% |
| Stocks | 30/36 | €880,919 | €880,919 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €469,908 | €122,505 | -€347,403 | -73.9% |
| Trade receivables | 40 | €46,861 | €60,500 | +€13,639 | +29.1% |
| Other amounts receivable | 41 | €423,047 | €62,005 | -€361,042 | -85.3% |
| Cash at bank and in hand | 54/58 | €12,522 | €52,418 | +€39,896 | +319% |
| Deferred charges and accrued income | 490/1 | €23,168 | €28,180 | +€5,012 | +21.6% |
| Total equity and liabilities | 10/49 | €2,926,734 | €4,536,824 | +€1.6m | +55.0% |
| Equity | 10/15 | €380,780 | €752,733 | +€371,954 | +97.7% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €343,280 | €715,233 | +€371,954 | +108% |
| Tax-exempt reserves | 132 | €78,988 | €360,102 | +€281,114 | +356% |
| Distributable reserves | 133 | €264,292 | €355,131 | +€90,839 | +34.4% |
| Provisions and deferred taxes | 16 | €16,844 | €120,034 | +€103,190 | +613% |
| Deferred taxes | 168 | €16,844 | €120,034 | +€103,190 | +613% |
| Amounts payable | 17/49 | €2,529,110 | €3,664,057 | +€1.1m | +44.9% |
| Amounts payable after more than one year | 17 | €1,771,269 | €1,287,407 | -€483,863 | -27.3% |
| Financial debts | 170/4 | €1,771,269 | €1,287,407 | -€483,863 | -27.3% |
| Amounts payable within one year | 42/48 | €745,216 | €2,286,145 | +€1.5m | +207% |
| Current portion of amounts payable after more than one year | 42 | €92,880 | €53,863 | -€39,017 | -42.0% |
| Financial debts | 43 | - | €600,000 | +€600,000 | |
| Credit institutions | 430/8 | - | €600,000 | +€600,000 | |
| Trade debts | 44 | €7,078 | €1,248 | -€5,830 | -82.4% |
| Suppliers | 440/4 | €7,078 | €1,248 | -€5,830 | -82.4% |
| Taxes, remuneration and social security | 45 | €12,931 | €46,240 | +€33,309 | +258% |
| Taxes | 450/3 | €12,931 | €46,240 | +€33,309 | +258% |
| Other amounts payable | 47/48 | €632,327 | €1,584,795 | +€952,468 | +151% |
| Accrued charges and deferred income | 492/3 | €12,625 | €90,505 | +€77,880 | +617% |
| Non-recurring operating income | 76A | - | €743,882 | +€743,882 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,149 | €417,646 | +€361,497 | +644% |
| Other operating charges | 640/8 | €4,810 | €12,368 | +€7,558 | +157% |
| Gross operating margin | 9900 | €104,113 | €992,397 | +€888,284 | +853% |
| Operating profit (loss) | 9901 | €43,154 | €562,383 | +€519,229 | +1,203% |
| Financial income | 75/76B | €24,116 | €219,340 | +€195,224 | +810% |
| Recurring financial income | 75 | €24,116 | €219,340 | +€195,224 | +810% |
| Financial charges | 65/66B | €68,658 | €134,897 | +€66,239 | +96.5% |
| Recurring financial charges | 65 | €68,658 | €134,897 | +€66,239 | +96.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,388 | €646,826 | +€648,214 | |
| Transfer from deferred taxes | 780 | €1,069 | €18,758 | +€17,689 | +1,655% |
| Transfer to deferred taxes | 680 | - | €121,947 | +€121,947 | |
| Income taxes | 67/77 | €584 | €27,053 | +€26,468 | +4,530% |
| Profit (loss) for the period | 9904 | -€904 | €516,584 | +€517,487 | |
| Transfer from tax-exempt reserves | 789 | €2,617 | €84,728 | +€82,111 | +3,138% |
| Transfer to tax-exempt reserves | 689 | - | €365,842 | +€365,842 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,713 | €235,470 | +€233,756 | +13,643% |
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 14 October 2026 via checked.be.