Bathy Construct: 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.
Bathy Construct
Largest movements
- Receivables within one year +€15,949
up €15,949 (+16.5%), from €96,915 to €112,863
of which Other amounts receivable: +€17,531
- Cash -€6,914
down €6,914 (-32.2%), from €21,483 to €14,569
mainly Trade debts (-€54,670) and Receivables within one year (-€15,949)
- Tangible fixed assets -€1,550
down €1,550 (-22.5%), from €6,890 to €5,339
- Trade debts -€54,670
down €54,670 (-87.4%), from €62,568 to €7,897
- Profit (loss) carried forward +€23,860
up €23,860 (+45.6%), from €52,268 to €76,127
- Tax, wage and social debts +€20,145
up €20,145 (+828.2%), from €2,432 to €22,578
of which Remuneration and social security: +€13,630
- Other debts +€17,741
up €17,741 (+263.9%), from €6,724 to €24,465
- Staff costs +€26,132
up €26,132 (+79.4%), from €32,930 to €59,062
- Taxes +€11,048
new in 2024: €11,048
- Gross operating margin +€7,717
up €7,717 (+8.5%), from €90,748 to €98,465
- Financial charges -€1,154
down €1,154 (-40.2%), from €2,869 to €1,715
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.
Cash bridge derived
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 | €126,992 | €134,067 | +€7,076 | +5.6% |
| Fixed assets | 21/28 | €8,594 | €6,635 | -€1,959 | -22.8% |
| Intangible fixed assets | 21 | €1,704 | €1,296 | -€408 | -24.0% |
| Tangible fixed assets | 22/27 | €6,890 | €5,339 | -€1,550 | -22.5% |
| Plant, machinery and equipment | 23 | €6,890 | €5,339 | -€1,550 | -22.5% |
| Current assets | 29/58 | €118,398 | €127,432 | +€9,034 | +7.6% |
| Amounts receivable within one year | 40/41 | €96,915 | €112,863 | +€15,949 | +16.5% |
| Trade receivables | 40 | €16,893 | €15,310 | -€1,583 | -9.4% |
| Other amounts receivable | 41 | €80,022 | €97,553 | +€17,531 | +21.9% |
| Cash at bank and in hand | 54/58 | €21,483 | €14,569 | -€6,914 | -32.2% |
| Total equity and liabilities | 10/49 | €126,992 | €134,067 | +€7,076 | +5.6% |
| Equity | 10/15 | €55,268 | €79,127 | +€23,860 | +43.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,268 | €76,127 | +€23,860 | +45.6% |
| Amounts payable | 17/49 | €71,724 | €54,940 | -€16,784 | -23.4% |
| Amounts payable within one year | 42/48 | €71,724 | €54,940 | -€16,784 | -23.4% |
| Trade debts | 44 | €62,568 | €7,897 | -€54,670 | -87.4% |
| Suppliers | 440/4 | €62,568 | €7,897 | -€54,670 | -87.4% |
| Taxes, remuneration and social security | 45 | €2,432 | €22,578 | +€20,145 | +828.2% |
| Taxes | 450/3 | €2,033 | €8,548 | +€6,515 | +320.5% |
| Remuneration and social security | 454/9 | €399 | €14,030 | +€13,630 | +3413.7% |
| Other amounts payable | 47/48 | €6,724 | €24,465 | +€17,741 | +263.9% |
| Remuneration, social security and pensions | 62 | €32,930 | €59,062 | +€26,132 | +79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,199 | €1,959 | +€760 | +63.4% |
| Other operating charges | 640/8 | €1,482 | €823 | -€660 | -44.5% |
| Gross operating margin | 9900 | €90,748 | €98,465 | +€7,717 | +8.5% |
| Operating profit (loss) | 9901 | €55,137 | €36,622 | -€18,515 | -33.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,869 | €1,715 | -€1,154 | -40.2% |
| Recurring financial charges | 65 | €2,869 | €1,715 | -€1,154 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €52,268 | €34,907 | -€17,361 | -33.2% |
| Income taxes | 67/77 | - | €11,048 | +€11,048 | |
| Profit (loss) for the period | 9904 | €52,268 | €23,860 | -€28,408 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,268 | €23,860 | -€28,408 | -54.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.