BATIGEMA: 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.
BATIGEMA
Largest movements
- Tangible fixed assets +€24,500
up €24,500 (+63.9%), from €38,349 to €62,849
of which Furniture and vehicles: +€21,513
- Stocks and contracts +€9,163
up €9,163 (+177.5%), from €5,161 to €14,324
- Receivables within one year -€5,208
down €5,208 (-15.1%), from €34,492 to €29,284
of which Trade receivables: -€9,201
- Cash -€3,276
down €3,276 (-22.6%), from €14,467 to €11,190
mainly Investment in fixed assets (net) (-€38,411) and Trade debts (-€25,436)
- Deferred charges and accrued income -€1,380
down €1,380 (-40.5%), from €3,404 to €2,024
- Trade debts -€25,436
down €25,436 (-52.6%), from €48,355 to €22,919
- Profit (loss) carried forward +€15,827
up €15,827 (+130.5%), from €12,127 to €27,954
- Debts after one year +€11,064
up €11,064 (+87.9%), from €12,590 to €23,653
- Other debts +€8,135
up €8,135 (+1612.4%), from €505 to €8,640
- Current portion of long-term debt +€7,532
up €7,532 (+111.3%), from €6,765 to €14,297
- Gross operating margin +€100,568
up €100,568 (+232.9%), from €43,186 to €143,754
- Staff costs +€85,907
up €85,907 (+415.7%), from €20,664 to €106,571
- Depreciation +€7,532
up €7,532 (+117.0%), from €6,435 to €13,967
- Taxes +€2,149
up €2,149 (+72.7%), from €2,956 to €5,104
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 | €96,133 | €119,876 | +€23,743 | +24.7% |
| Formation expenses | 20 | €56 | - | -€56 | |
| Fixed assets | 21/28 | €38,554 | €63,054 | +€24,500 | +63.5% |
| Tangible fixed assets | 22/27 | €38,349 | €62,849 | +€24,500 | +63.9% |
| Plant, machinery and equipment | 23 | €12,756 | €15,743 | +€2,987 | +23.4% |
| Furniture and vehicles | 24 | €25,593 | €47,107 | +€21,513 | +84.1% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €57,523 | €56,822 | -€702 | -1.2% |
| Stocks and contracts in progress | 3 | €5,161 | €14,324 | +€9,163 | +177.5% |
| Stocks | 30/36 | €5,161 | €14,324 | +€9,163 | +177.5% |
| Amounts receivable within one year | 40/41 | €34,492 | €29,284 | -€5,208 | -15.1% |
| Trade receivables | 40 | €32,706 | €23,506 | -€9,201 | -28.1% |
| Other amounts receivable | 41 | €1,786 | €5,778 | +€3,992 | +223.6% |
| Cash at bank and in hand | 54/58 | €14,467 | €11,190 | -€3,276 | -22.6% |
| Deferred charges and accrued income | 490/1 | €3,404 | €2,024 | -€1,380 | -40.5% |
| Total equity and liabilities | 10/49 | €96,133 | €119,876 | +€23,743 | +24.7% |
| Equity | 10/15 | €16,127 | €31,954 | +€15,827 | +98.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,127 | €27,954 | +€15,827 | +130.5% |
| Amounts payable | 17/49 | €80,006 | €87,922 | +€7,916 | +9.9% |
| Amounts payable after more than one year | 17 | €12,590 | €23,653 | +€11,064 | +87.9% |
| Financial debts | 170/4 | €12,590 | €23,653 | +€11,064 | +87.9% |
| Amounts payable within one year | 42/48 | €67,416 | €64,269 | -€3,147 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €6,765 | €14,297 | +€7,532 | +111.3% |
| Trade debts | 44 | €48,355 | €22,919 | -€25,436 | -52.6% |
| Suppliers | 440/4 | €48,355 | €22,919 | -€25,436 | -52.6% |
| Taxes, remuneration and social security | 45 | €11,792 | €18,414 | +€6,622 | +56.2% |
| Taxes | 450/3 | €8,662 | €9,787 | +€1,125 | +13.0% |
| Remuneration and social security | 454/9 | €3,129 | €8,626 | +€5,497 | +175.7% |
| Other amounts payable | 47/48 | €505 | €8,640 | +€8,135 | +1612.4% |
| Remuneration, social security and pensions | 62 | €20,664 | €106,571 | +€85,907 | +415.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,435 | €13,967 | +€7,532 | +117.0% |
| Other operating charges | 640/8 | €276 | €672 | +€396 | +143.2% |
| Gross operating margin | 9900 | €43,186 | €143,754 | +€100,568 | +232.9% |
| Operating profit (loss) | 9901 | €15,810 | €22,544 | +€6,733 | +42.6% |
| Financial income | 75/76B | €155 | €244 | +€88 | +56.9% |
| Recurring financial income | 75 | €155 | €244 | +€88 | +56.9% |
| Financial charges | 65/66B | €883 | €1,857 | +€974 | +110.3% |
| Recurring financial charges | 65 | €883 | €1,857 | +€974 | +110.3% |
| Profit (loss) for the period before taxes | 9903 | €15,083 | €20,931 | +€5,848 | +38.8% |
| Income taxes | 67/77 | €2,956 | €5,104 | +€2,149 | +72.7% |
| Profit (loss) for the period | 9904 | €12,127 | €15,827 | +€3,700 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,127 | €15,827 | +€3,700 | +30.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.