BATI PROJECT: what changed
Two fiscal 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 PROJECT
Largest movements
- Receivables within one year +€104,445
up €104,445 (+5.2%), from €2.0m to €2.1m
of which Trade receivables: +€66,010
- Cash +€86,208
up €86,208 (+4555.6%), from €1,892 to €88,100
mainly Net result for the year (+€230,117) and Other debts (+€105,000)
- Receivables after one year -€32,500
down €32,500 (-26.1%), from €124,388 to €91,888
- Other debts +€105,000
up €105,000 (+87.5%), from €120,000 to €225,000
- Trade debts +€99,383
up €99,383 (+5.7%), from €1.7m to €1.8m
- Debts after one year -€93,247
down €93,247 (-38.5%), from €242,498 to €149,251
- Tax, wage and social debts +€38,243
up €38,243 (+36.8%), from €104,008 to €142,251
of which Taxes: +€43,522
- Profit (loss) carried forward +€31,074
up €31,074 (+49.9%), from €62,285 to €93,359
- Gross operating margin +€101,680
up €101,680 (+34.5%), from €294,435 to €396,114
- Depreciation +€43,734
up €43,734 (+221.2%), from €19,775 to €63,509
- Taxes +€23,480
up €23,480 (+217.7%), from €10,787 to €34,267
- Staff costs -€10,111
down €10,111 (-22.5%), from €45,012 to €34,901
- Other operating charges +€9,888
up €9,888 (+100.2%), from €9,873 to €19,760
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,352,943 | €2,516,020 | +€163,077 | +6.9% |
| Fixed assets | 21/28 | €201,761 | €207,448 | +€5,687 | +2.8% |
| Tangible fixed assets | 22/27 | €201,421 | €206,279 | +€4,859 | +2.4% |
| Furniture and vehicles | 24 | €42,214 | €89,049 | +€46,835 | +110.9% |
| Leasing and similar rights | 25 | €159,207 | €117,230 | -€41,977 | -26.4% |
| Financial fixed assets | 28 | €340 | €1,168 | +€828 | +243.5% |
| Current assets | 29/58 | €2,151,182 | €2,308,573 | +€157,391 | +7.3% |
| Amounts receivable after more than one year | 29 | €124,388 | €91,888 | -€32,500 | -26.1% |
| Other amounts receivable | 291 | €124,388 | €91,888 | -€32,500 | -26.1% |
| Amounts receivable within one year | 40/41 | €2,023,851 | €2,128,296 | +€104,445 | +5.2% |
| Trade receivables | 40 | €1,970,879 | €2,036,889 | +€66,010 | +3.3% |
| Other amounts receivable | 41 | €52,972 | €91,407 | +€38,435 | +72.6% |
| Cash at bank and in hand | 54/58 | €1,892 | €88,100 | +€86,208 | +4555.6% |
| Deferred charges and accrued income | 490/1 | €1,051 | €289 | -€762 | -72.5% |
| Total equity and liabilities | 10/49 | €2,352,943 | €2,516,020 | +€163,077 | +6.9% |
| Equity | 10/15 | €85,345 | €116,419 | +€31,074 | +36.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,285 | €93,359 | +€31,074 | +49.9% |
| Amounts payable | 17/49 | €2,267,598 | €2,399,601 | +€132,003 | +5.8% |
| Amounts payable after more than one year | 17 | €242,498 | €149,251 | -€93,247 | -38.5% |
| Financial debts | 170/4 | €242,498 | €149,251 | -€93,247 | -38.5% |
| Amounts payable within one year | 42/48 | €2,025,100 | €2,250,351 | +€225,250 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €62,983 | €32,228 | -€30,755 | -48.8% |
| Trade debts | 44 | €1,731,489 | €1,830,872 | +€99,383 | +5.7% |
| Suppliers | 440/4 | €1,731,489 | €1,830,872 | +€99,383 | +5.7% |
| Advances received on contracts in progress | 46 | €6,620 | €20,000 | +€13,380 | +202.1% |
| Taxes, remuneration and social security | 45 | €104,008 | €142,251 | +€38,243 | +36.8% |
| Taxes | 450/3 | €18,185 | €61,707 | +€43,522 | +239.3% |
| Remuneration and social security | 454/9 | €85,823 | €80,544 | -€5,278 | -6.2% |
| Other amounts payable | 47/48 | €120,000 | €225,000 | +€105,000 | +87.5% |
| Remuneration, social security and pensions | 62 | €45,012 | €34,901 | -€10,111 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,775 | €63,509 | +€43,734 | +221.2% |
| Other operating charges | 640/8 | €9,873 | €19,760 | +€9,888 | +100.2% |
| Operating charges capitalised as restructuring costs | 649 | - | -€245 | -€245 | |
| Non-recurring operating charges | 66A | €129,195 | €7,976 | -€121,220 | -93.8% |
| Gross operating margin | 9900 | €294,435 | €396,114 | +€101,680 | +34.5% |
| Operating profit (loss) | 9901 | €90,579 | €270,213 | +€179,633 | +198.3% |
| Financial income | 75/76B | €620 | - | -€620 | |
| Recurring financial income | 75 | €620 | - | -€620 | |
| Financial charges | 65/66B | €2,129 | €5,829 | +€3,701 | +173.9% |
| Recurring financial charges | 65 | €2,129 | €5,829 | +€3,701 | +173.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €89,071 | €264,384 | +€175,313 | +196.8% |
| Income taxes | 67/77 | €10,787 | €34,267 | +€23,480 | +217.7% |
| Profit (loss) for the period | 9904 | €78,284 | €230,117 | +€151,833 | +194.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,284 | €230,117 | +€151,833 | +194.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.