BATI-SPY: 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-SPY
Largest movements
- Tangible fixed assets -€18,913
down €18,913 (-3.5%), from €545,312 to €526,399
of which Assets under construction and advance payments: -€147,346
- Current portion of long-term debt -€18,723
down €18,723 (-91.6%), from €20,441 to €1,718
- Gross operating margin -€10,170
down €10,170 (-22.4%), from €45,411 to €35,241
- Depreciation +€5,670
up €5,670 (+25.2%), from €22,458 to €28,128
- Taxes -€4,297
down €4,297 (-66.5%), from €6,461 to €2,164
- Financial charges -€473
down €473 (-63.3%), from €748 to €275
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 | €564,933 | €539,514 | -€25,419 | -4.5% |
| Fixed assets | 21/28 | €545,312 | €526,399 | -€18,913 | -3.5% |
| Tangible fixed assets | 22/27 | €545,312 | €526,399 | -€18,913 | -3.5% |
| Land and buildings | 22 | €333,267 | €324,675 | -€8,592 | -2.6% |
| Plant, machinery and equipment | 23 | €43,234 | €180,730 | +€137,496 | +318.0% |
| Furniture and vehicles | 24 | €21,464 | €20,994 | -€470 | -2.2% |
| Assets under construction and advance payments | 27 | €147,346 | - | -€147,346 | |
| Current assets | 29/58 | €19,622 | €13,115 | -€6,506 | -33.2% |
| Amounts receivable within one year | 40/41 | €3,782 | - | -€3,782 | |
| Trade receivables | 40 | €3,782 | - | -€3,782 | |
| Cash at bank and in hand | 54/58 | €15,839 | €13,115 | -€2,724 | -17.2% |
| Total equity and liabilities | 10/49 | €564,933 | €539,514 | -€25,419 | -4.5% |
| Equity | 10/15 | €217,510 | €222,317 | +€4,807 | +2.2% |
| Contributions | 10/11 | €27,280 | €27,280 | = | 0.0% |
| Reserves | 13 | €5,121 | €5,121 | = | 0.0% |
| Distributable reserves | 133 | €5,121 | €5,121 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,109 | €189,916 | +€4,807 | +2.6% |
| Amounts payable | 17/49 | €347,424 | €317,197 | -€30,226 | -8.7% |
| Amounts payable after more than one year | 17 | €267,718 | €266,000 | -€1,718 | -0.6% |
| Financial debts | 170/4 | €251,718 | €250,000 | -€1,718 | -0.7% |
| Other amounts payable | 178/9 | €16,000 | €16,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €79,706 | €51,197 | -€28,509 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €20,441 | €1,718 | -€18,723 | -91.6% |
| Trade debts | 44 | €2,809 | €1,452 | -€1,357 | -48.3% |
| Suppliers | 440/4 | €2,809 | €1,452 | -€1,357 | -48.3% |
| Taxes, remuneration and social security | 45 | €6,461 | €2,164 | -€4,297 | -66.5% |
| Taxes | 450/3 | €6,461 | €2,164 | -€4,297 | -66.5% |
| Other amounts payable | 47/48 | €49,995 | €45,864 | -€4,131 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,458 | €28,128 | +€5,670 | +25.2% |
| Gross operating margin | 9900 | €45,411 | €35,241 | -€10,170 | -22.4% |
| Operating profit (loss) | 9901 | €22,954 | €7,114 | -€15,840 | -69.0% |
| Financial income | 75/76B | €81 | €132 | +€51 | +62.7% |
| Recurring financial income | 75 | €81 | €132 | +€51 | +62.7% |
| Financial charges | 65/66B | €748 | €275 | -€473 | -63.3% |
| Recurring financial charges | 65 | €748 | €275 | -€473 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €22,287 | €6,971 | -€15,316 | -68.7% |
| Income taxes | 67/77 | €6,461 | €2,164 | -€4,297 | -66.5% |
| Profit (loss) for the period | 9904 | €15,826 | €4,807 | -€11,019 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,826 | €4,807 | -€11,019 | -69.6% |
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 9 October 2026 via checked.be.