BATI NORBI: what changed
BATI NORBI
Largest movements
- Tangible fixed assets +€39,720
up €39,720 (+95.7%), from €41,486 to €81,205
of which Furniture and vehicles: +€38,414
- Cash -€13,279
down €13,279 (-12.3%), from €107,980 to €94,701
mainly Investment in fixed assets (net) (-€58,400) and Debts after one year (-€14,138)
- Receivables within one year -€6,888
down €6,888 (-93.1%), from €7,395 to €507
of which Trade receivables: -€5,489
- Reserves +€22,917
up €22,917 (+28.4%), from €80,627 to €103,545
- Debts after one year -€14,138
no longer reported in 2025 (was €14,138)
- Tax, wage and social debts +€10,358
up €10,358 (+121%), from €8,556 to €18,914
of which Taxes: +€9,299
- Other debts +€4,087
up €4,087 (+32.8%), from €12,447 to €16,535
- Current portion of long-term debt -€2,053
down €2,053 (-12.7%), from €16,191 to €14,138
- Gross operating margin +€18,691
up €18,691 (+47.5%), from €39,374 to €58,065
- Depreciation +€6,404
up €6,404 (+52.2%), from €12,277 to €18,680
- Taxes +€4,299
up €4,299 (+53.0%), from €8,115 to €12,414
- Other operating charges +€1,290
up €1,290 (+114%), from €1,136 to €2,426
- Financial charges -€597
down €597 (-26.8%), from €2,228 to €1,631
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
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,815 | €184,577 | +€20,763 | +12.7% |
| Fixed assets | 21/28 | €43,910 | €83,630 | +€39,720 | +90.5% |
| Tangible fixed assets | 22/27 | €41,486 | €81,205 | +€39,720 | +95.7% |
| Plant, machinery and equipment | 23 | €835 | €2,141 | +€1,306 | +156% |
| Furniture and vehicles | 24 | €40,651 | €79,064 | +€38,414 | +94.5% |
| Financial fixed assets | 28 | €2,425 | €2,425 | = | 0.0% |
| Current assets | 29/58 | €119,905 | €100,948 | -€18,957 | -15.8% |
| Amounts receivable within one year | 40/41 | €7,395 | €507 | -€6,888 | -93.1% |
| Trade receivables | 40 | €5,839 | €350 | -€5,489 | -94.0% |
| Other amounts receivable | 41 | €1,556 | €158 | -€1,398 | -89.9% |
| Cash at bank and in hand | 54/58 | €107,980 | €94,701 | -€13,279 | -12.3% |
| Deferred charges and accrued income | 490/1 | €4,529 | €5,739 | +€1,210 | +26.7% |
| Total equity and liabilities | 10/49 | €163,815 | €184,577 | +€20,763 | +12.7% |
| Equity | 10/15 | €112,074 | €134,991 | +€22,917 | +20.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €80,627 | €103,545 | +€22,917 | +28.4% |
| Distributable reserves | 133 | €80,627 | €103,545 | +€22,917 | +28.4% |
| Profit (loss) carried forward | 14 | €10,986 | €10,986 | = | 0.0% |
| Amounts payable | 17/49 | €51,741 | €49,586 | -€2,155 | -4.2% |
| Amounts payable after more than one year | 17 | €14,138 | - | -€14,138 | |
| Financial debts | 170/4 | €14,138 | - | -€14,138 | |
| Amounts payable within one year | 42/48 | €37,603 | €49,586 | +€11,983 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €16,191 | €14,138 | -€2,053 | -12.7% |
| Trade debts | 44 | €410 | - | -€410 | |
| Suppliers | 440/4 | €410 | - | -€410 | |
| Taxes, remuneration and social security | 45 | €8,556 | €18,914 | +€10,358 | +121% |
| Taxes | 450/3 | €3,115 | €12,414 | +€9,299 | +298% |
| Remuneration and social security | 454/9 | €5,441 | €6,500 | +€1,060 | +19.5% |
| Other amounts payable | 47/48 | €12,447 | €16,535 | +€4,087 | +32.8% |
| Non-recurring operating income | 76A | - | €22,934 | +€22,934 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,277 | €18,680 | +€6,404 | +52.2% |
| Other operating charges | 640/8 | €1,136 | €2,426 | +€1,290 | +114% |
| Gross operating margin | 9900 | €39,374 | €58,065 | +€18,691 | +47.5% |
| Operating profit (loss) | 9901 | €25,961 | €36,959 | +€10,998 | +42.4% |
| Financial income | 75/76B | €10 | €4 | -€6 | -63.5% |
| Recurring financial income | 75 | €10 | €4 | -€6 | -63.5% |
| Financial charges | 65/66B | €2,228 | €1,631 | -€597 | -26.8% |
| Recurring financial charges | 65 | €2,228 | €1,631 | -€597 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €23,743 | €35,332 | +€11,589 | +48.8% |
| Income taxes | 67/77 | €8,115 | €12,414 | +€4,299 | +53.0% |
| Profit (loss) for the period | 9904 | €15,627 | €22,917 | +€7,290 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,627 | €22,917 | +€7,290 | +46.6% |
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.