Bati-Michiels: what changed
Bati-Michiels
Largest movements
- Tangible fixed assets -€5,762
down €5,762 (-26.4%), from €21,822 to €16,060
- Receivables within one year -€2,688
down €2,688 (-4.8%), from €55,953 to €53,265
of which Other amounts receivable: -€18,594
- Profit (loss) carried forward -€5,892
down €5,892 (-22.9%), from €25,772 to €19,880
- Current portion of long-term debt +€5,813
new in 2025: €5,813
- Short-term financial debts -€5,628
no longer reported in 2025 (was €5,628)
- Trade debts -€2,744
down €2,744 (-9.2%), from €29,775 to €27,032
- Purchases and services -€159,369
down €159,369 (-50.1%), from €318,263 to €158,894
- Other operating charges -€38,823
down €38,823 (-97.2%), from €39,957 to €1,134
- Gross operating margin -€21,400
down €21,400 (-82.1%), from €26,079 to €4,679
- Depreciation +€3,633
up €3,633 (+171%), from €2,130 to €5,762
- Financial income -€1,697
down €1,697 (-90.8%), from €1,868 to €171
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,775 | €71,325 | -€8,451 | -10.6% |
| Fixed assets | 21/28 | €21,822 | €16,060 | -€5,762 | -26.4% |
| Tangible fixed assets | 22/27 | €21,822 | €16,060 | -€5,762 | -26.4% |
| Furniture and vehicles | 24 | €21,822 | €16,060 | -€5,762 | -26.4% |
| Current assets | 29/58 | €57,953 | €55,265 | -€2,688 | -4.6% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,953 | €53,265 | -€2,688 | -4.8% |
| Trade receivables | 40 | €4,308 | €20,214 | +€15,906 | +369% |
| Other amounts receivable | 41 | €51,645 | €33,051 | -€18,594 | -36.0% |
| Total equity and liabilities | 10/49 | €79,775 | €71,325 | -€8,451 | -10.6% |
| Equity | 10/15 | €44,372 | €38,480 | -€5,892 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,772 | €19,880 | -€5,892 | -22.9% |
| Amounts payable | 17/49 | €35,404 | €32,845 | -€2,559 | -7.2% |
| Amounts payable within one year | 42/48 | €35,404 | €32,845 | -€2,559 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | - | €5,813 | +€5,813 | |
| Financial debts | 43 | €5,628 | - | -€5,628 | |
| Credit institutions | 430/8 | €5,628 | - | -€5,628 | |
| Trade debts | 44 | €29,775 | €27,032 | -€2,744 | -9.2% |
| Suppliers | 440/4 | €29,775 | €27,032 | -€2,744 | -9.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €318,263 | €158,894 | -€159,369 | -50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,130 | €5,762 | +€3,633 | +171% |
| Other operating charges | 640/8 | €39,957 | €1,134 | -€38,823 | -97.2% |
| Gross operating margin | 9900 | €26,079 | €4,679 | -€21,400 | -82.1% |
| Operating profit (loss) | 9901 | -€16,008 | -€2,217 | +€13,791 | +86.1% |
| Financial income | 75/76B | €1,868 | €171 | -€1,697 | -90.8% |
| Recurring financial income | 75 | €1,868 | €171 | -€1,697 | -90.8% |
| Financial charges | 65/66B | €1,408 | €1,533 | +€125 | +8.9% |
| Recurring financial charges | 65 | €1,408 | €1,533 | +€125 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,547 | -€3,578 | +€11,969 | +77.0% |
| Income taxes | 67/77 | €683 | €2,314 | +€1,631 | +239% |
| Profit (loss) for the period | 9904 | -€16,230 | -€5,892 | +€10,338 | +63.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,230 | -€5,892 | +€10,338 | +63.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.