Bati & Toit: 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 & Toit
Largest movements
- Receivables within one year +€44,235
up €44,235 (+107%), from €41,378 to €85,613
of which Trade receivables: +€25,246
- Tangible fixed assets -€29,037
down €29,037 (-15.7%), from €184,770 to €155,732
of which Leasing and similar rights: -€23,710
- Profit (loss) carried forward +€9,291
up €9,291 (+474%), from €1,961 to €11,251
- Debts after one year -€8,895
down €8,895 (-7.8%), from €113,756 to €104,861
- Tax, wage and social debts -€8,552
down €8,552 (-24.0%), from €35,645 to €27,092
of which Remuneration and social security: -€10,092
- Other debts +€8,117
up €8,117 (+3,008%), from €270 to €8,387
- Current portion of long-term debt +€6,905
up €6,905 (+27.3%), from €25,330 to €32,235
- Staff costs +€63,258
up €63,258 (+439%), from €14,395 to €77,653
- Gross operating margin +€46,847
up €46,847 (+57.6%), from €81,290 to €128,138
- Depreciation +€5,633
up €5,633 (+21.2%), from €26,582 to €32,216
- Taxes -€5,236
down €5,236 (-67.7%), from €7,737 to €2,500
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.
Derived cash bridge
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 | €270,518 | €281,800 | +€11,282 | +4.2% |
| Fixed assets | 21/28 | €184,770 | €155,732 | -€29,037 | -15.7% |
| Tangible fixed assets | 22/27 | €184,770 | €155,732 | -€29,037 | -15.7% |
| Plant, machinery and equipment | 23 | €17,961 | €12,997 | -€4,964 | -27.6% |
| Furniture and vehicles | 24 | €9,203 | €8,840 | -€363 | -3.9% |
| Leasing and similar rights | 25 | €157,606 | €133,896 | -€23,710 | -15.0% |
| Current assets | 29/58 | €85,749 | €126,068 | +€40,319 | +47.0% |
| Stocks and contracts in progress | 3 | €4,271 | €2,513 | -€1,758 | -41.2% |
| Stocks | 30/36 | €4,271 | €2,513 | -€1,758 | -41.2% |
| Amounts receivable within one year | 40/41 | €41,378 | €85,613 | +€44,235 | +107% |
| Trade receivables | 40 | €28,717 | €53,963 | +€25,246 | +87.9% |
| Other amounts receivable | 41 | €12,661 | €31,650 | +€18,989 | +150% |
| Cash at bank and in hand | 54/58 | €38,518 | €37,795 | -€723 | -1.9% |
| Deferred charges and accrued income | 490/1 | €1,581 | €147 | -€1,435 | -90.7% |
| Total equity and liabilities | 10/49 | €270,518 | €281,800 | +€11,282 | +4.2% |
| Equity | 10/15 | €71,961 | €81,251 | +€9,291 | +12.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,961 | €11,251 | +€9,291 | +474% |
| Amounts payable | 17/49 | €198,557 | €200,549 | +€1,991 | +1.0% |
| Amounts payable after more than one year | 17 | €113,756 | €104,861 | -€8,895 | -7.8% |
| Financial debts | 170/4 | €113,756 | €104,861 | -€8,895 | -7.8% |
| Amounts payable within one year | 42/48 | €84,049 | €95,688 | +€11,639 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €25,330 | €32,235 | +€6,905 | +27.3% |
| Trade debts | 44 | €22,805 | €27,974 | +€5,170 | +22.7% |
| Suppliers | 440/4 | €22,805 | €27,974 | +€5,170 | +22.7% |
| Taxes, remuneration and social security | 45 | €35,645 | €27,092 | -€8,552 | -24.0% |
| Taxes | 450/3 | €12,725 | €14,265 | +€1,540 | +12.1% |
| Remuneration and social security | 454/9 | €22,920 | €12,827 | -€10,092 | -44.0% |
| Other amounts payable | 47/48 | €270 | €8,387 | +€8,117 | +3,008% |
| Accrued charges and deferred income | 492/3 | €752 | €0 | -€752 | -100% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €14,395 | €77,653 | +€63,258 | +439% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,582 | €32,216 | +€5,633 | +21.2% |
| Other operating charges | 640/8 | €1,008 | €2,081 | +€1,074 | +107% |
| Gross operating margin | 9900 | €81,290 | €128,138 | +€46,847 | +57.6% |
| Operating profit (loss) | 9901 | €39,306 | €16,187 | -€23,118 | -58.8% |
| Financial income | 75/76B | €1,098 | €1,700 | +€602 | +54.8% |
| Recurring financial income | 75 | €1,098 | €1,700 | +€602 | +54.8% |
| Financial charges | 65/66B | €5,262 | €6,096 | +€835 | +15.9% |
| Recurring financial charges | 65 | €5,262 | €6,096 | +€835 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €35,142 | €11,791 | -€23,351 | -66.4% |
| Income taxes | 67/77 | €7,737 | €2,500 | -€5,236 | -67.7% |
| Profit (loss) for the period | 9904 | €27,405 | €9,291 | -€18,115 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,405 | €9,291 | -€18,115 | -66.1% |
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 18 October 2026 via checked.be.