BATHOS: 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.
BATHOS
Largest movements
- Stocks and contracts +€1.3m
up €1.3m (+53.1%), from €2.5m to €3.9m
- Current investments -€568,869
down €568,869 (-23.9%), from €2.4m to €1.8m
- Reserves +€783,000
up €783,000 (+36.3%), from €2.2m to €2.9m
of which Distributable reserves: +€783,000
- Gross operating margin +€992,031
up €992,031 (+1337.8%), from €74,156 to €1.1m
- Taxes +€229,424
up €229,424 (+720.5%), from €31,844 to €261,268
- Financial income -€52,872
down €52,872 (-68.8%), from €76,882 to €24,010
- Financial charges +€13,624
up €13,624 (+30276.0%), from €45 to €13,669
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,065,429 | €5,886,536 | +€821,107 | +16.2% |
| Current assets | 29/58 | €5,065,429 | €5,886,536 | +€821,107 | +16.2% |
| Stocks and contracts in progress | 3 | €2,541,103 | €3,890,905 | +€1.3m | +53.1% |
| Stocks | 30/36 | €2,541,103 | €3,890,905 | +€1.3m | +53.1% |
| Amounts receivable within one year | 40/41 | €11,221 | €10,435 | -€786 | -7.0% |
| Trade receivables | 40 | - | €4,500 | +€4,500 | |
| Other amounts receivable | 41 | €11,221 | €5,935 | -€5,286 | -47.1% |
| Current investments | 50/53 | €2,378,546 | €1,809,677 | -€568,869 | -23.9% |
| Cash at bank and in hand | 54/58 | €122,665 | €164,516 | +€41,851 | +34.1% |
| Deferred charges and accrued income | 490/1 | €11,894 | €11,003 | -€891 | -7.5% |
| Total equity and liabilities | 10/49 | €5,065,429 | €5,886,536 | +€821,107 | +16.2% |
| Equity | 10/15 | €5,041,285 | €5,825,175 | +€783,890 | +15.5% |
| Contributions | 10/11 | €2,882,500 | €2,882,500 | = | 0.0% |
| Capital | 10 | €2,882,500 | €2,882,500 | = | 0.0% |
| Issued capital | 100 | €2,882,500 | €2,882,500 | = | 0.0% |
| Reserves | 13 | €2,156,250 | €2,939,250 | +€783,000 | +36.3% |
| Non-distributable reserves | 130/1 | €288,250 | €288,250 | = | 0.0% |
| Legal reserve | 130 | €288,250 | €288,250 | = | 0.0% |
| Distributable reserves | 133 | €1,868,000 | €2,651,000 | +€783,000 | +41.9% |
| Profit (loss) carried forward | 14 | €2,535 | €3,425 | +€890 | +35.1% |
| Amounts payable | 17/49 | €24,144 | €61,361 | +€37,217 | +154.1% |
| Amounts payable within one year | 42/48 | €18,770 | €55,029 | +€36,259 | +193.2% |
| Trade debts | 44 | €18,770 | €41,402 | +€22,632 | +120.6% |
| Suppliers | 440/4 | €18,770 | €41,402 | +€22,632 | +120.6% |
| Taxes, remuneration and social security | 45 | - | €4,088 | +€4,088 | |
| Taxes | 450/3 | - | €4,088 | +€4,088 | |
| Other amounts payable | 47/48 | - | €9,539 | +€9,539 | |
| Accrued charges and deferred income | 492/3 | €5,374 | €6,332 | +€958 | +17.8% |
| Other operating charges | 640/8 | €23,618 | €31,370 | +€7,751 | +32.8% |
| Gross operating margin | 9900 | €74,156 | €1,066,187 | +€992,031 | +1337.8% |
| Operating profit (loss) | 9901 | €50,538 | €1,034,817 | +€984,280 | +1947.6% |
| Financial income | 75/76B | €76,882 | €24,010 | -€52,872 | -68.8% |
| Recurring financial income | 75 | €76,882 | €24,010 | -€52,872 | -68.8% |
| Financial charges | 65/66B | €45 | €13,669 | +€13,624 | +30276.0% |
| Recurring financial charges | 65 | €45 | €13,669 | +€13,624 | +30276.0% |
| Profit (loss) for the period before taxes | 9903 | €127,375 | €1,045,158 | +€917,784 | +720.5% |
| Income taxes | 67/77 | €31,844 | €261,268 | +€229,424 | +720.5% |
| Profit (loss) for the period | 9904 | €95,531 | €783,890 | +€688,359 | +720.6% |
| Profit (loss) for the period to be appropriated | 9905 | €95,531 | €783,890 | +€688,359 | +720.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.