BATIBOENS: 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.
What changed
BATIBOENS
NACE 43.120, Site preparation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€72,887
2024 · €70,036+€2,851
Equity
€251,365
2024 · €165,149+€86,216
Cash
-
2024 · €1,617-€1,617
Balance sheet total
€838,345
2024 · €475,001+€363,345
Largest movements
Assets
- Tangible fixed assets +€273,049
up €273,049 (+215%), from €126,884 to €399,933
of which Leasing and similar rights: +€252,390
- Receivables within one year +€92,843
up €92,843 (+26.9%), from €345,164 to €438,007
of which Other amounts receivable: +€230,859
Equity and liabilities
- Debts after one year +€209,967
new in 2025: €209,967
- Trade debts -€91,128
down €91,128 (-55.7%), from €163,594 to €72,466
- Reserves +€85,163
up €85,163 (+79.3%), from €107,360 to €192,523
of which Distributable reserves: +€52,500
- Current portion of long-term debt +€64,160
new in 2025: €64,160
- Accrued charges and deferred income +€27,063
up €27,063 (+10,494%), from €258 to €27,321
Income statement
- Gross operating margin +€81,767
up €81,767 (+39.6%), from €206,264 to €288,032
- Depreciation +€24,483
up €24,483 (+95.9%), from €25,533 to €50,016
- Other operating charges -€16,046
down €16,046 (-84.7%), from €18,953 to €2,907
- Financial charges +€15,507
up €15,507 (+115%), from €13,460 to €28,967
- Taxes -€5,741
down €5,741 (-15.9%), from €36,086 to €30,345
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.
Result 2024
€70,036
Gross operating margin
+€81,767
Staff costs
-€1,389
Depreciation
-€24,483
Other operating charges
+€16,046
Other operating items
-€10,119
Financial income
-€211
Financial charges
-€15,507
Taxes
+€5,741
Deferred taxes and other
-€48,995
Result 2025
€72,887
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€25,554
Investment
-€323,065
Financing
+€295,893
Cash 2024
€1,617
From operations (derived)
+€25,554
Net result for the year
+€72,887
Depreciation
+€50,016
Receivables within one year
-€92,843
Deferred charges and accrued income
+€929
Provisions
+€8,166
Trade debts
-€91,128
Tax, wage and social debts
+€24,752
Other debts
+€25,713
Accrued charges and deferred income
+€27,063
Investment (derived)
-€323,065
Investment in fixed assets (net)
-€323,065
Financing
+€295,893
Debts after one year
+€209,967
Current portion of long-term debt
+€64,160
Short-term financial debts
+€8,436
Contributions, distributions and other
+€13,329
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €475,001 | €838,345 | +€363,345 | +76.5% |
| Fixed assets | 21/28 | €126,884 | €399,933 | +€273,049 | +215% |
| Tangible fixed assets | 22/27 | €126,884 | €399,933 | +€273,049 | +215% |
| Plant, machinery and equipment | 23 | €1,653 | - | -€1,653 | |
| Furniture and vehicles | 24 | €27,096 | €49,408 | +€22,312 | +82.3% |
| Leasing and similar rights | 25 | €98,135 | €350,525 | +€252,390 | +257% |
| Current assets | 29/58 | €348,117 | €438,413 | +€90,296 | +25.9% |
| Amounts receivable within one year | 40/41 | €345,164 | €438,007 | +€92,843 | +26.9% |
| Trade receivables | 40 | €276,878 | €138,861 | -€138,017 | -49.8% |
| Other amounts receivable | 41 | €68,286 | €299,146 | +€230,859 | +338% |
| Cash at bank and in hand | 54/58 | €1,617 | - | -€1,617 | |
| Deferred charges and accrued income | 490/1 | €1,335 | €406 | -€929 | -69.6% |
| Total equity and liabilities | 10/49 | €475,001 | €838,345 | +€363,345 | +76.5% |
| Equity | 10/15 | €165,149 | €251,365 | +€86,216 | +52.2% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €107,360 | €192,523 | +€85,163 | +79.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €32,663 | +€32,663 | |
| Distributable reserves | 133 | €105,500 | €158,000 | +€52,500 | +49.8% |
| Profit (loss) carried forward | 14 | €51,289 | €52,342 | +€1,053 | +2.1% |
| Provisions and deferred taxes | 16 | - | €8,166 | +€8,166 | |
| Provisions for liabilities and charges | 160/5 | - | €8,166 | +€8,166 | |
| Taxes | 161 | - | €8,166 | +€8,166 | |
| Amounts payable | 17/49 | €309,852 | €578,815 | +€268,963 | +86.8% |
| Amounts payable after more than one year | 17 | - | €209,967 | +€209,967 | |
| Trade debts | 175 | - | €209,967 | +€209,967 | |
| Amounts payable within one year | 42/48 | €309,594 | €341,527 | +€31,933 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | - | €64,160 | +€64,160 | |
| Financial debts | 43 | €93,653 | €102,089 | +€8,436 | +9.0% |
| Credit institutions | 430/8 | €93,653 | €102,089 | +€8,436 | +9.0% |
| Trade debts | 44 | €163,594 | €72,466 | -€91,128 | -55.7% |
| Suppliers | 440/4 | €163,594 | €72,466 | -€91,128 | -55.7% |
| Taxes, remuneration and social security | 45 | €52,347 | €77,099 | +€24,752 | +47.3% |
| Taxes | 450/3 | €45,859 | €71,719 | +€25,861 | +56.4% |
| Remuneration and social security | 454/9 | €6,488 | €5,379 | -€1,109 | -17.1% |
| Other amounts payable | 47/48 | - | €25,713 | +€25,713 | |
| Accrued charges and deferred income | 492/3 | €258 | €27,321 | +€27,063 | +10,494% |
| Remuneration, social security and pensions | 62 | €42,469 | €43,858 | +€1,389 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,533 | €50,016 | +€24,483 | +95.9% |
| Other operating charges | 640/8 | €18,953 | €2,907 | -€16,046 | -84.7% |
| Non-recurring operating charges | 66A | - | €10,119 | +€10,119 | |
| Gross operating margin | 9900 | €206,264 | €288,032 | +€81,767 | +39.6% |
| Operating profit (loss) | 9901 | €119,310 | €181,132 | +€61,823 | +51.8% |
| Financial income | 75/76B | €272 | €61 | -€211 | -77.6% |
| Recurring financial income | 75 | €272 | €61 | -€211 | -77.6% |
| Financial charges | 65/66B | €13,460 | €28,967 | +€15,507 | +115% |
| Recurring financial charges | 65 | €13,460 | €28,967 | +€15,507 | +115% |
| Profit (loss) for the period before taxes | 9903 | €106,122 | €152,227 | +€46,105 | +43.4% |
| Transfer from deferred taxes | 780 | - | €2,041 | +€2,041 | |
| Transfer to deferred taxes | 680 | - | €51,036 | +€51,036 | |
| Income taxes | 67/77 | €36,086 | €30,345 | -€5,741 | -15.9% |
| Profit (loss) for the period | 9904 | €70,036 | €72,887 | +€2,851 | +4.1% |
| Transfer from tax-exempt reserves | 789 | - | €8,166 | +€8,166 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,036 | €81,053 | +€11,017 | +15.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.