BATI-NORD: what changed
BATI-NORD
Largest movements
- Receivables within one year +€367,326
up €367,326 (+260%), from €141,195 to €508,521
of which Trade receivables: +€338,473
- Cash -€251,282
down €251,282 (-53.8%), from €466,636 to €215,354
mainly Receivables within one year (-€367,326) and Debts after one year (-€75,796)
- Tangible fixed assets -€69,391
down €69,391 (-21.5%), from €322,516 to €253,125
of which Leasing and similar rights: -€59,466
- Deferred charges and accrued income +€9,981
new in 2025: €9,981
- Trade debts +€182,555
up €182,555 (+178%), from €102,730 to €285,286
- Debts after one year -€75,796
down €75,796 (-48.2%), from €157,168 to €81,372
- Tax, wage and social debts -€58,895
down €58,895 (-86.3%), from €68,210 to €9,315
of which Taxes: -€60,942
- Reserves +€17,663
up €17,663 (+3.3%), from €534,084 to €551,748
- Purchases and services +€512,082
up €512,082 (+44.5%), from €1.2m to €1.7m
- Gross operating margin -€111,904
down €111,904 (-43.6%), from €256,436 to €144,532
- Write-downs -€86,607
down €86,607 (-97.8%), from -€88,515 to -€175,122
- Staff costs +€43,142
up €43,142 (+22.9%), from €188,777 to €231,920
- Depreciation -€32,461
down €32,461 (-62.5%), from €51,905 to €19,444
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 | €930,347 | €989,717 | +€59,370 | +6.4% |
| Fixed assets | 21/28 | €322,516 | €255,861 | -€66,655 | -20.7% |
| Tangible fixed assets | 22/27 | €322,516 | €253,125 | -€69,391 | -21.5% |
| Land and buildings | 22 | €153,615 | €150,543 | -€3,072 | -2.0% |
| Plant, machinery and equipment | 23 | €813 | €3,092 | +€2,279 | +280% |
| Furniture and vehicles | 24 | €10,473 | €1,342 | -€9,132 | -87.2% |
| Leasing and similar rights | 25 | €157,615 | €98,149 | -€59,466 | -37.7% |
| Financial fixed assets | 28 | - | €2,736 | +€2,736 | |
| Current assets | 29/58 | €607,832 | €733,857 | +€126,025 | +20.7% |
| Amounts receivable within one year | 40/41 | €141,195 | €508,521 | +€367,326 | +260% |
| Trade receivables | 40 | €109,026 | €447,499 | +€338,473 | +310% |
| Other amounts receivable | 41 | €32,170 | €61,022 | +€28,853 | +89.7% |
| Cash at bank and in hand | 54/58 | €466,636 | €215,354 | -€251,282 | -53.8% |
| Deferred charges and accrued income | 490/1 | - | €9,981 | +€9,981 | |
| Total equity and liabilities | 10/49 | €930,347 | €989,717 | +€59,370 | +6.4% |
| Equity | 10/15 | €552,684 | €570,348 | +€17,663 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €534,084 | €551,748 | +€17,663 | +3.3% |
| Distributable reserves | 133 | €534,084 | €551,748 | +€17,663 | +3.3% |
| Amounts payable | 17/49 | €377,663 | €419,370 | +€41,706 | +11.0% |
| Amounts payable after more than one year | 17 | €157,168 | €81,372 | -€75,796 | -48.2% |
| Financial debts | 170/4 | €157,168 | €81,372 | -€75,796 | -48.2% |
| Amounts payable within one year | 42/48 | €220,496 | €337,998 | +€117,502 | +53.3% |
| Current portion of amounts payable after more than one year | 42 | €49,555 | €43,397 | -€6,159 | -12.4% |
| Trade debts | 44 | €102,730 | €285,286 | +€182,555 | +178% |
| Suppliers | 440/4 | €102,730 | €285,286 | +€182,555 | +178% |
| Taxes, remuneration and social security | 45 | €68,210 | €9,315 | -€58,895 | -86.3% |
| Taxes | 450/3 | €68,210 | €7,268 | -€60,942 | -89.3% |
| Remuneration and social security | 454/9 | - | €2,047 | +€2,047 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,151,898 | €1,663,981 | +€512,082 | +44.5% |
| Remuneration, social security and pensions | 62 | €188,777 | €231,920 | +€43,142 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,905 | €19,444 | -€32,461 | -62.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€88,515 | -€175,122 | -€86,607 | -97.8% |
| Other operating charges | 640/8 | €2,775 | €24,848 | +€22,074 | +796% |
| Gross operating margin | 9900 | €256,436 | €144,532 | -€111,904 | -43.6% |
| Operating profit (loss) | 9901 | €101,493 | €43,442 | -€58,051 | -57.2% |
| Financial income | 75/76B | - | €172 | +€172 | |
| Recurring financial income | 75 | - | €172 | +€172 | |
| Financial charges | 65/66B | €9,450 | €13,420 | +€3,970 | +42.0% |
| Recurring financial charges | 65 | €9,450 | €13,420 | +€3,970 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €92,043 | €30,194 | -€61,849 | -67.2% |
| Income taxes | 67/77 | €23,787 | €12,531 | -€11,256 | -47.3% |
| Profit (loss) for the period | 9904 | €68,256 | €17,663 | -€50,593 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,256 | €17,663 | -€50,593 | -74.1% |
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 3 November 2026 via checked.be.