BATHO: 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.
What changed
BATHO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,598
2024 · -€5,703+€4,104
Equity
€301,142
2024 · €302,741-€1,598
Cash
€1,689
2024 · €4,658-€2,969
Balance sheet total
€586,939
2024 · €600,429-€13,490
Largest movements
Assets
- Tangible fixed assets -€8,199
down €8,199 (-2.2%), from €374,567 to €366,368
Equity and liabilities
- Debts after one year -€21,594
down €21,594 (-32.3%), from €66,763 to €45,168
- Other debts +€13,686
up €13,686 (+7.9%), from €172,762 to €186,448
- Trade debts -€7,121
down €7,121 (-52.8%), from €13,492 to €6,371
Income statement
- Gross operating margin +€16,163
up €16,163 (+114.9%), from €14,062 to €30,225
- Financial charges +€11,557
up €11,557 (+261.6%), from €4,418 to €15,975
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.
Result 2024
-€5,703
Gross operating margin
+€16,163
Depreciation
+€0
Other operating charges
-€281
Financial income
-€13
Financial charges
-€11,557
Taxes
-€207
Result 2025
-€1,598
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.
From operations
+€17,327
Investment
€0
Financing
-€20,296
Cash 2024
€4,658
From operations (derived)
+€17,327
Net result for the year
-€1,598
Depreciation
+€8,199
Receivables within one year
+€4,073
Deferred charges and accrued income
-€1,751
Provisions
-€1,932
Trade debts
-€7,121
Tax, wage and social debts
+€3,771
Other debts
+€13,686
Financing
-€20,296
Debts after one year
-€21,594
Current portion of long-term debt
+€1,299
Cash 2025
€1,689
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €600,429 | €586,939 | -€13,490 | -2.2% |
| Fixed assets | 21/28 | €374,567 | €366,368 | -€8,199 | -2.2% |
| Tangible fixed assets | 22/27 | €374,567 | €366,368 | -€8,199 | -2.2% |
| Land and buildings | 22 | €374,567 | €366,368 | -€8,199 | -2.2% |
| Current assets | 29/58 | €225,862 | €220,571 | -€5,291 | -2.3% |
| Amounts receivable within one year | 40/41 | €221,204 | €217,131 | -€4,073 | -1.8% |
| Other amounts receivable | 41 | €221,204 | €217,131 | -€4,073 | -1.8% |
| Cash at bank and in hand | 54/58 | €4,658 | €1,689 | -€2,969 | -63.7% |
| Deferred charges and accrued income | 490/1 | - | €1,751 | +€1,751 | |
| Total equity and liabilities | 10/49 | €600,429 | €586,939 | -€13,490 | -2.2% |
| Equity | 10/15 | €302,741 | €301,142 | -€1,598 | -0.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €240,767 | €239,169 | -€1,598 | -0.7% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,439 | €38,687 | -€3,752 | -8.8% |
| Distributable reserves | 133 | €192,131 | €194,284 | +€2,153 | +1.1% |
| Provisions and deferred taxes | 16 | €21,853 | €19,921 | -€1,932 | -8.8% |
| Deferred taxes | 168 | €21,853 | €19,921 | -€1,932 | -8.8% |
| Amounts payable | 17/49 | €275,835 | €265,876 | -€9,959 | -3.6% |
| Amounts payable after more than one year | 17 | €66,763 | €45,168 | -€21,594 | -32.3% |
| Financial debts | 170/4 | €66,763 | €45,168 | -€21,594 | -32.3% |
| Amounts payable within one year | 42/48 | €209,072 | €220,708 | +€11,635 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €19,881 | €21,180 | +€1,299 | +6.5% |
| Trade debts | 44 | €13,492 | €6,371 | -€7,121 | -52.8% |
| Suppliers | 440/4 | €13,492 | €6,371 | -€7,121 | -52.8% |
| Advances received on contracts in progress | 46 | €2,600 | €2,600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €337 | €4,109 | +€3,771 | +1118.1% |
| Taxes | 450/3 | €337 | €4,109 | +€3,771 | +1118.1% |
| Other amounts payable | 47/48 | €172,762 | €186,448 | +€13,686 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,199 | €8,199 | -€0 | 0.0% |
| Other operating charges | 640/8 | €8,916 | €9,197 | +€281 | +3.1% |
| Gross operating margin | 9900 | €14,062 | €30,225 | +€16,163 | +114.9% |
| Operating profit (loss) | 9901 | -€3,053 | €12,830 | +€15,882 | |
| Financial income | 75/76B | €14 | €1 | -€13 | -94.3% |
| Recurring financial income | 75 | €14 | €1 | -€13 | -94.3% |
| Financial charges | 65/66B | €4,418 | €15,975 | +€11,557 | +261.6% |
| Recurring financial charges | 65 | €4,418 | €15,975 | +€11,557 | +261.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,456 | -€3,144 | +€4,312 | +57.8% |
| Transfer from deferred taxes | 780 | €1,932 | €1,932 | = | 0.0% |
| Income taxes | 67/77 | €179 | €386 | +€207 | +116.1% |
| Profit (loss) for the period | 9904 | -€5,703 | -€1,598 | +€4,104 | +72.0% |
| Transfer from tax-exempt reserves | 789 | €3,752 | €3,752 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,951 | €2,153 | +€4,104 |
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 8 October 2026 via checked.be.