BÂTI-M: 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.
BÂTI-M
Largest movements
- Receivables within one year +€51,926
up €51,926 (+60.4%), from €85,928 to €137,854
of which Trade receivables: +€65,213
- Deferred charges and accrued income +€3,015
up €3,015 (+291%), from €1,035 to €4,050
- Tangible fixed assets -€2,654
down €2,654 (-8.6%), from €30,759 to €28,105
of which Plant, machinery and equipment: -€8,239
- Cash -€2,172
down €2,172 (-74.9%), from €2,898 to €727
mainly Receivables within one year (-€51,926) and Tax, wage and social debts (-€12,862)
- Advances received +€49,587
new in 2025: €49,587
- Tax, wage and social debts -€12,862
down €12,862 (-56.7%), from €22,697 to €9,835
of which Taxes: -€9,244
- Reserves +€12,507
up €12,507 (+47.2%), from €26,475 to €38,982
- Trade debts +€9,611
up €9,611 (+20.8%), from €46,132 to €55,743
- Short-term financial debts -€6,084
no longer reported in 2025 (was €6,084)
- Staff costs -€20,504
down €20,504 (-49.4%), from €41,498 to €20,994
- Taxes +€4,425
new in 2025: €4,425
- Depreciation +€2,116
up €2,116 (+21.9%), from €9,670 to €11,787
- Gross operating margin +€2,044
up €2,044 (+4.5%), from €45,772 to €47,816
- Financial charges -€1,588
down €1,588 (-49.2%), from €3,226 to €1,638
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 | €123,065 | €171,848 | +€48,783 | +39.6% |
| Fixed assets | 21/28 | €33,204 | €29,217 | -€3,987 | -12.0% |
| Intangible fixed assets | 21 | €2,445 | €1,112 | -€1,333 | -54.5% |
| Tangible fixed assets | 22/27 | €30,759 | €28,105 | -€2,654 | -8.6% |
| Plant, machinery and equipment | 23 | €30,082 | €21,843 | -€8,239 | -27.4% |
| Furniture and vehicles | 24 | €677 | €6,263 | +€5,585 | +824% |
| Current assets | 29/58 | €89,861 | €142,631 | +€52,770 | +58.7% |
| Amounts receivable within one year | 40/41 | €85,928 | €137,854 | +€51,926 | +60.4% |
| Trade receivables | 40 | €1,500 | €66,713 | +€65,213 | +4,348% |
| Other amounts receivable | 41 | €84,428 | €71,141 | -€13,287 | -15.7% |
| Cash at bank and in hand | 54/58 | €2,898 | €727 | -€2,172 | -74.9% |
| Deferred charges and accrued income | 490/1 | €1,035 | €4,050 | +€3,015 | +291% |
| Total equity and liabilities | 10/49 | €123,065 | €171,848 | +€48,783 | +39.6% |
| Equity | 10/15 | €28,975 | €41,482 | +€12,507 | +43.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €26,475 | €38,982 | +€12,507 | +47.2% |
| Distributable reserves | 133 | €26,475 | €38,982 | +€12,507 | +47.2% |
| Amounts payable | 17/49 | €94,090 | €130,366 | +€36,276 | +38.6% |
| Amounts payable after more than one year | 17 | €14,414 | €9,824 | -€4,591 | -31.8% |
| Financial debts | 170/4 | €14,414 | €9,824 | -€4,591 | -31.8% |
| Amounts payable within one year | 42/48 | €79,302 | €119,755 | +€40,453 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €4,389 | €4,591 | +€202 | +4.6% |
| Financial debts | 43 | €6,084 | - | -€6,084 | |
| Credit institutions | 430/8 | €6,084 | - | -€6,084 | |
| Trade debts | 44 | €46,132 | €55,743 | +€9,611 | +20.8% |
| Suppliers | 440/4 | €46,132 | €55,743 | +€9,611 | +20.8% |
| Advances received on contracts in progress | 46 | - | €49,587 | +€49,587 | |
| Taxes, remuneration and social security | 45 | €22,697 | €9,835 | -€12,862 | -56.7% |
| Taxes | 450/3 | €16,592 | €7,348 | -€9,244 | -55.7% |
| Remuneration and social security | 454/9 | €6,105 | €2,487 | -€3,619 | -59.3% |
| Accrued charges and deferred income | 492/3 | €374 | €787 | +€414 | +111% |
| Remuneration, social security and pensions | 62 | €41,498 | €20,994 | -€20,504 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,670 | €11,787 | +€2,116 | +21.9% |
| Other operating charges | 640/8 | €149 | €267 | +€118 | +79.2% |
| Gross operating margin | 9900 | €45,772 | €47,816 | +€2,044 | +4.5% |
| Operating profit (loss) | 9901 | -€5,545 | €14,769 | +€20,314 | |
| Financial income | 75/76B | €3,280 | €3,802 | +€522 | +15.9% |
| Recurring financial income | 75 | €3,280 | €3,802 | +€522 | +15.9% |
| Financial charges | 65/66B | €3,226 | €1,638 | -€1,588 | -49.2% |
| Recurring financial charges | 65 | €3,226 | €1,638 | -€1,588 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,492 | €16,932 | +€22,424 | |
| Income taxes | 67/77 | - | €4,425 | +€4,425 | |
| Profit (loss) for the period | 9904 | -€5,492 | €12,507 | +€17,999 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,492 | €12,507 | +€17,999 |
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 20 October 2026 via checked.be.