BATI NOVA: 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.
BATI NOVA
Largest movements
- Stocks and contracts -€1.2m
no longer reported in 2025 (was €1.2m)
- Receivables after one year +€226,200
up €226,200 (+624.4%), from €36,225 to €262,425
- Cash +€63,164
up €63,164 (+31.6%), from €199,575 to €262,739
mainly Stocks and contracts (+€1.2m) and Net result for the year (+€320,190)
- Receivables within one year +€35,017
up €35,017 (+41.2%), from €84,986 to €120,003
of which Trade receivables: +€47,527
- Tangible fixed assets -€29,789
down €29,789 (-25.2%), from €118,179 to €88,390
of which Land and buildings: -€76,230
- Advances received -€1.4m
down €1.4m (-95.0%), from €1.4m to €70,490
- Reserves +€300,958
up €300,958 (+300.8%), from €100,040 to €400,998
of which Distributable reserves: +€179,930
- Trade debts +€82,896
up €82,896 (+853.3%), from €9,715 to €92,611
- Tax, wage and social debts +€71,180
up €71,180 (+198.0%), from €35,942 to €107,122
of which Taxes: +€74,302
- Debts after one year -€65,800
no longer reported in 2025 (was €65,800)
- Gross operating margin +€405,944
up €405,944 (+416.7%), from €97,417 to €503,361
- Taxes +€81,762
up €81,762 (+431.9%), from €18,932 to €100,694
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.
Cash bridge derived
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 | €1,657,671 | €737,180 | -€920,491 | -55.5% |
| Fixed assets | 21/28 | €118,479 | €88,690 | -€29,789 | -25.1% |
| Tangible fixed assets | 22/27 | €118,179 | €88,390 | -€29,789 | -25.2% |
| Land and buildings | 22 | €115,982 | €39,752 | -€76,230 | -65.7% |
| Furniture and vehicles | 24 | €2,197 | €48,638 | +€46,441 | +2113.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €1,539,192 | €648,490 | -€890,702 | -57.9% |
| Amounts receivable after more than one year | 29 | €36,225 | €262,425 | +€226,200 | +624.4% |
| Other amounts receivable | 291 | €36,225 | €262,425 | +€226,200 | +624.4% |
| Stocks and contracts in progress | 3 | €1,215,270 | - | -€1.2m | |
| Contracts in progress | 37 | €1,215,270 | - | -€1.2m | |
| Amounts receivable within one year | 40/41 | €84,986 | €120,003 | +€35,017 | +41.2% |
| Trade receivables | 40 | €22,799 | €70,326 | +€47,527 | +208.5% |
| Other amounts receivable | 41 | €62,187 | €49,677 | -€12,510 | -20.1% |
| Current investments | 50/53 | €248 | €248 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €199,575 | €262,739 | +€63,164 | +31.6% |
| Deferred charges and accrued income | 490/1 | €2,888 | €3,075 | +€187 | +6.5% |
| Total equity and liabilities | 10/49 | €1,657,671 | €737,180 | -€920,491 | -55.5% |
| Equity | 10/15 | €106,248 | €407,208 | +€300,960 | +283.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,040 | €400,998 | +€300,958 | +300.8% |
| Tax-exempt reserves | 132 | €18,750 | €139,778 | +€121,028 | +645.5% |
| Distributable reserves | 133 | €81,290 | €261,220 | +€179,930 | +221.3% |
| Profit (loss) carried forward | 14 | €8 | €10 | +€2 | +25.0% |
| Provisions and deferred taxes | 16 | - | €40,343 | +€40,343 | |
| Deferred taxes | 168 | - | €40,343 | +€40,343 | |
| Amounts payable | 17/49 | €1,551,423 | €289,629 | -€1.3m | -81.3% |
| Amounts payable after more than one year | 17 | €65,800 | - | -€65,800 | |
| Financial debts | 170/4 | €65,800 | - | -€65,800 | |
| Amounts payable within one year | 42/48 | €1,485,289 | €289,453 | -€1.2m | -80.5% |
| Current portion of amounts payable after more than one year | 42 | €11,214 | - | -€11,214 | |
| Trade debts | 44 | €9,715 | €92,611 | +€82,896 | +853.3% |
| Suppliers | 440/4 | €9,715 | €92,611 | +€82,896 | +853.3% |
| Advances received on contracts in progress | 46 | €1,423,693 | €70,490 | -€1.4m | -95.0% |
| Taxes, remuneration and social security | 45 | €35,942 | €107,122 | +€71,180 | +198.0% |
| Taxes | 450/3 | €27,374 | €101,676 | +€74,302 | +271.4% |
| Remuneration and social security | 454/9 | €8,568 | €5,446 | -€3,122 | -36.4% |
| Other amounts payable | 47/48 | €4,725 | €19,230 | +€14,505 | +307.0% |
| Accrued charges and deferred income | 492/3 | €334 | €176 | -€158 | -47.3% |
| Remuneration, social security and pensions | 62 | €33,135 | €34,574 | +€1,439 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,165 | €2,256 | -€4,909 | -68.5% |
| Other operating charges | 640/8 | €2,385 | €3,227 | +€842 | +35.3% |
| Gross operating margin | 9900 | €97,417 | €503,361 | +€405,944 | +416.7% |
| Operating profit (loss) | 9901 | €54,732 | €463,304 | +€408,572 | +746.5% |
| Financial income | 75/76B | €4,713 | €3,995 | -€718 | -15.2% |
| Recurring financial income | 75 | €4,713 | €3,995 | -€718 | -15.2% |
| Financial charges | 65/66B | €6,126 | €6,072 | -€54 | -0.9% |
| Recurring financial charges | 65 | €6,126 | €6,072 | -€54 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €53,319 | €461,227 | +€407,908 | +765.0% |
| Transfer to deferred taxes | 680 | - | €40,343 | +€40,343 | |
| Income taxes | 67/77 | €18,932 | €100,694 | +€81,762 | +431.9% |
| Profit (loss) for the period | 9904 | €34,387 | €320,190 | +€285,803 | +831.1% |
| Transfer to tax-exempt reserves | 689 | - | €121,028 | +€121,028 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,387 | €199,162 | +€164,775 | +479.2% |
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 12 October 2026 via checked.be.