BATHLA: 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.
BATHLA
Largest movements
- Receivables within one year +€24,874
up €24,874 (+49,570%), from €50 to €24,924
of which Trade receivables: +€22,357
- Stocks and contracts +€11,558
up €11,558 (+9.7%), from €119,182 to €130,740
- Tangible fixed assets -€9,164
down €9,164 (-48.1%), from €19,041 to €9,877
of which Furniture and vehicles: -€10,886
- Trade debts +€45,870
up €45,870 (+96.6%), from €47,470 to €93,340
- Tax, wage and social debts -€24,009
down €24,009 (-56.9%), from €42,213 to €18,204
of which Remuneration and social security: -€29,056
- Other debts +€10,906
up €10,906 (+46.8%), from €23,295 to €34,201
- Current portion of long-term debt -€7,874
no longer reported in 2025 (was €7,874)
- Gross operating margin -€41,593
down €41,593 (-29.0%), from €143,445 to €101,852
- Staff costs -€8,850
down €8,850 (-10.6%), from €83,860 to €75,010
- Taxes +€4,086
new in 2025: €4,086
- Financial income +€3,751
up €3,751 (+6,600%), from €57 to €3,808
- Other operating charges -€1,565
down €1,565 (-25.2%), from €6,201 to €4,636
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 | €243,894 | €271,352 | +€27,458 | +11.3% |
| Fixed assets | 21/28 | €24,291 | €15,127 | -€9,164 | -37.7% |
| Tangible fixed assets | 22/27 | €19,041 | €9,877 | -€9,164 | -48.1% |
| Land and buildings | 22 | €975 | €3,603 | +€2,628 | +269% |
| Plant, machinery and equipment | 23 | €3,768 | €3,514 | -€254 | -6.7% |
| Furniture and vehicles | 24 | €11,316 | €429 | -€10,886 | -96.2% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | €2,982 | €2,331 | -€651 | -21.8% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €219,604 | €256,225 | +€36,621 | +16.7% |
| Stocks and contracts in progress | 3 | €119,182 | €130,740 | +€11,558 | +9.7% |
| Stocks | 30/36 | €119,182 | €130,740 | +€11,558 | +9.7% |
| Amounts receivable within one year | 40/41 | €50 | €24,924 | +€24,874 | +49,570% |
| Trade receivables | 40 | - | €22,357 | +€22,357 | |
| Other amounts receivable | 41 | €50 | €2,567 | +€2,517 | +5,016% |
| Cash at bank and in hand | 54/58 | €98,818 | €99,093 | +€275 | +0.3% |
| Deferred charges and accrued income | 490/1 | €1,553 | €1,468 | -€86 | -5.5% |
| Total equity and liabilities | 10/49 | €243,894 | €271,352 | +€27,458 | +11.3% |
| Equity | 10/15 | €123,043 | €125,607 | +€2,564 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,583 | €105,147 | +€2,564 | +2.5% |
| Amounts payable | 17/49 | €120,851 | €145,746 | +€24,894 | +20.6% |
| Amounts payable within one year | 42/48 | €120,851 | €145,746 | +€24,894 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €7,874 | - | -€7,874 | |
| Trade debts | 44 | €47,470 | €93,340 | +€45,870 | +96.6% |
| Suppliers | 440/4 | €47,470 | €93,340 | +€45,870 | +96.6% |
| Taxes, remuneration and social security | 45 | €42,213 | €18,204 | -€24,009 | -56.9% |
| Taxes | 450/3 | €1,822 | €6,869 | +€5,047 | +277% |
| Remuneration and social security | 454/9 | €40,391 | €11,335 | -€29,056 | -71.9% |
| Other amounts payable | 47/48 | €23,295 | €34,201 | +€10,906 | +46.8% |
| Remuneration, social security and pensions | 62 | €83,860 | €75,010 | -€8,850 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,489 | €13,154 | -€1,335 | -9.2% |
| Other operating charges | 640/8 | €6,201 | €4,636 | -€1,565 | -25.2% |
| Non-recurring operating charges | 66A | €784 | - | -€784 | |
| Gross operating margin | 9900 | €143,445 | €101,852 | -€41,593 | -29.0% |
| Operating profit (loss) | 9901 | €38,111 | €9,052 | -€29,059 | -76.2% |
| Financial income | 75/76B | €57 | €3,808 | +€3,751 | +6,600% |
| Recurring financial income | 75 | €57 | €3,808 | +€3,751 | +6,600% |
| Financial charges | 65/66B | €5,660 | €6,210 | +€550 | +9.7% |
| Recurring financial charges | 65 | €5,660 | €6,210 | +€550 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €32,508 | €6,650 | -€25,859 | -79.5% |
| Income taxes | 67/77 | - | €4,086 | +€4,086 | |
| Profit (loss) for the period | 9904 | €32,508 | €2,564 | -€29,945 | -92.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,508 | €2,564 | -€29,945 | -92.1% |
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 15 October 2026 via checked.be.