BATHUR: 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.
BATHUR
Largest movements
- Tangible fixed assets +€805,993
up €805,993 (+122%), from €660,920 to €1.5m
of which Land and buildings: +€838,187
- Receivables within one year +€21,303
up €21,303 (+60.6%), from €35,160 to €56,463
of which Trade receivables: +€21,000
- Debts after one year +€734,660
up €734,660 (+181%), from €405,259 to €1.1m
- Other debts +€35,584
up €35,584 (+30.9%), from €115,197 to €150,781
- Current portion of long-term debt +€19,636
up €19,636 (+47.3%), from €41,512 to €61,148
- Reserves +€18,932
up €18,932 (+22.8%), from €82,860 to €101,792
of which Distributable reserves: +€20,792
- Advances received +€17,041
up €17,041 (+76.3%), from €22,330 to €39,371
- Financial charges +€46,652
up €46,652 (+516%), from €9,036 to €55,688
- Gross operating margin +€41,308
up €41,308 (+36.7%), from €112,690 to €153,999
- Depreciation -€21,101
down €21,101 (-24.6%), from €85,693 to €64,592
- Other operating charges +€4,083
up €4,083 (+131%), from €3,128 to €7,211
- Taxes +€3,439
up €3,439 (+81.1%), from €4,243 to €7,682
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €714,481 | €1,543,254 | +€828,774 | +116% |
| Fixed assets | 21/28 | €660,920 | €1,477,518 | +€816,598 | +124% |
| Tangible fixed assets | 22/27 | €660,920 | €1,466,913 | +€805,993 | +122% |
| Land and buildings | 22 | €626,308 | €1,464,495 | +€838,187 | +134% |
| Plant, machinery and equipment | 23 | €176 | €767 | +€591 | +336% |
| Furniture and vehicles | 24 | €34,436 | €1,651 | -€32,785 | -95.2% |
| Financial fixed assets | 28 | - | €10,605 | +€10,605 | |
| Current assets | 29/58 | €53,561 | €65,737 | +€12,175 | +22.7% |
| Amounts receivable within one year | 40/41 | €35,160 | €56,463 | +€21,303 | +60.6% |
| Trade receivables | 40 | €35,000 | €56,000 | +€21,000 | +60.0% |
| Other amounts receivable | 41 | €160 | €463 | +€303 | +190% |
| Cash at bank and in hand | 54/58 | €17,033 | €3,943 | -€13,089 | -76.8% |
| Deferred charges and accrued income | 490/1 | €1,369 | €5,330 | +€3,961 | +289% |
| Total equity and liabilities | 10/49 | €714,481 | €1,543,254 | +€828,774 | +116% |
| Equity | 10/15 | €101,839 | €120,392 | +€18,554 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,860 | €101,792 | +€18,932 | +22.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €81,000 | €101,792 | +€20,792 | +25.7% |
| Profit (loss) carried forward | 14 | €379 | €0 | -€379 | -100% |
| Amounts payable | 17/49 | €612,642 | €1,422,862 | +€810,220 | +132% |
| Amounts payable after more than one year | 17 | €405,259 | €1,139,919 | +€734,660 | +181% |
| Financial debts | 170/4 | €405,259 | €1,139,919 | +€734,660 | +181% |
| Amounts payable within one year | 42/48 | €207,383 | €282,943 | +€75,560 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €41,512 | €61,148 | +€19,636 | +47.3% |
| Financial debts | 43 | - | €73 | +€73 | |
| Credit institutions | 430/8 | - | €73 | +€73 | |
| Trade debts | 44 | €6,014 | €12,224 | +€6,209 | +103% |
| Suppliers | 440/4 | €6,014 | €12,224 | +€6,209 | +103% |
| Advances received on contracts in progress | 46 | €22,330 | €39,371 | +€17,041 | +76.3% |
| Taxes, remuneration and social security | 45 | €22,329 | €19,347 | -€2,982 | -13.4% |
| Taxes | 450/3 | €20,243 | €15,769 | -€4,474 | -22.1% |
| Remuneration and social security | 454/9 | €2,086 | €3,578 | +€1,492 | +71.5% |
| Other amounts payable | 47/48 | €115,197 | €150,781 | +€35,584 | +30.9% |
| Non-recurring operating income | 76A | - | €36,448 | +€36,448 | |
| Remuneration, social security and pensions | 62 | €2,944 | €298 | -€2,646 | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,693 | €64,592 | -€21,101 | -24.6% |
| Other operating charges | 640/8 | €3,128 | €7,211 | +€4,083 | +131% |
| Gross operating margin | 9900 | €112,690 | €153,999 | +€41,308 | +36.7% |
| Operating profit (loss) | 9901 | €20,925 | €81,898 | +€60,972 | +291% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €9,036 | €55,688 | +€46,652 | +516% |
| Recurring financial charges | 65 | €9,036 | €55,688 | +€46,652 | +516% |
| Profit (loss) for the period before taxes | 9903 | €11,889 | €26,236 | +€14,346 | +121% |
| Income taxes | 67/77 | €4,243 | €7,682 | +€3,439 | +81.1% |
| Profit (loss) for the period | 9904 | €7,647 | €18,554 | +€10,907 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €7,647 | €18,554 | +€10,907 | +143% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.