BATIGRADE: 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.
BATIGRADE
Largest movements
- Cash -€60,962
down €60,962 (-41.8%), from €145,723 to €84,761
mainly Net result for the year (-€56,042) and Debts after one year (-€44,169)
- Tangible fixed assets -€38,271
down €38,271 (-29.1%), from €131,443 to €93,172
of which Furniture and vehicles: -€39,640
- Deferred charges and accrued income +€6,682
up €6,682 (+71.5%), from €9,341 to €16,023
- Receivables within one year +€3,560
up €3,560 (+12.9%), from €27,681 to €31,241
of which Trade receivables: +€6,650
- Profit (loss) carried forward -€56,042
down €56,042 (-49.8%), from €112,422 to €56,381
- Debts after one year -€44,169
down €44,169 (-82.3%), from €53,650 to €9,481
- Trade debts +€5,648
up €5,648 (+20.4%), from €27,619 to €33,268
- Staff costs +€96,942
up €96,942 (+35.4%), from €273,794 to €370,736
- Taxes -€15,596
down €15,596 (-95.9%), from €16,264 to €668
- Depreciation +€8,021
up €8,021 (+20.5%), from €39,159 to €47,180
- Gross operating margin -€3,739
down €3,739 (-1.0%), from €370,503 to €366,765
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 | €320,550 | €229,915 | -€90,636 | -28.3% |
| Fixed assets | 21/28 | €137,804 | €97,889 | -€39,915 | -29.0% |
| Intangible fixed assets | 21 | €6,361 | €4,717 | -€1,644 | -25.8% |
| Tangible fixed assets | 22/27 | €131,443 | €93,172 | -€38,271 | -29.1% |
| Land and buildings | 22 | €12,318 | €11,352 | -€965 | -7.8% |
| Plant, machinery and equipment | 23 | €6,216 | €8,551 | +€2,334 | +37.6% |
| Furniture and vehicles | 24 | €112,909 | €73,269 | -€39,640 | -35.1% |
| Current assets | 29/58 | €182,746 | €132,025 | -€50,720 | -27.8% |
| Amounts receivable within one year | 40/41 | €27,681 | €31,241 | +€3,560 | +12.9% |
| Trade receivables | 40 | €18,182 | €24,832 | +€6,650 | +36.6% |
| Other amounts receivable | 41 | €9,500 | €6,409 | -€3,090 | -32.5% |
| Cash at bank and in hand | 54/58 | €145,723 | €84,761 | -€60,962 | -41.8% |
| Deferred charges and accrued income | 490/1 | €9,341 | €16,023 | +€6,682 | +71.5% |
| Total equity and liabilities | 10/49 | €320,550 | €229,915 | -€90,636 | -28.3% |
| Equity | 10/15 | €142,422 | €86,381 | -€56,042 | -39.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,422 | €56,381 | -€56,042 | -49.8% |
| Amounts payable | 17/49 | €178,128 | €143,534 | -€34,594 | -19.4% |
| Amounts payable after more than one year | 17 | €53,650 | €9,481 | -€44,169 | -82.3% |
| Financial debts | 170/4 | €53,650 | €9,481 | -€44,169 | -82.3% |
| Amounts payable within one year | 42/48 | €124,454 | €134,029 | +€9,575 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €43,823 | €44,169 | +€345 | +0.8% |
| Financial debts | 43 | - | €2,602 | +€2,602 | |
| Credit institutions | 430/8 | - | €2,602 | +€2,602 | |
| Trade debts | 44 | €27,619 | €33,268 | +€5,648 | +20.4% |
| Suppliers | 440/4 | €27,619 | €33,268 | +€5,648 | +20.4% |
| Taxes, remuneration and social security | 45 | €52,151 | €53,781 | +€1,629 | +3.1% |
| Taxes | 450/3 | €17,879 | €11,806 | -€6,073 | -34.0% |
| Remuneration and social security | 454/9 | €34,273 | €41,975 | +€7,702 | +22.5% |
| Other amounts payable | 47/48 | €860 | €210 | -€650 | -75.6% |
| Accrued charges and deferred income | 492/3 | €24 | €24 | -€0 | -1.2% |
| Remuneration, social security and pensions | 62 | €273,794 | €370,736 | +€96,942 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,159 | €47,180 | +€8,021 | +20.5% |
| Other operating charges | 640/8 | €1,504 | €1,387 | -€117 | -7.8% |
| Gross operating margin | 9900 | €370,503 | €366,765 | -€3,739 | -1.0% |
| Operating profit (loss) | 9901 | €56,046 | -€52,539 | -€108,585 | |
| Financial income | 75/76B | €801 | €334 | -€467 | -58.3% |
| Recurring financial income | 75 | €801 | €334 | -€467 | -58.3% |
| Financial charges | 65/66B | €4,198 | €3,169 | -€1,029 | -24.5% |
| Recurring financial charges | 65 | €4,198 | €3,169 | -€1,029 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €52,648 | -€55,374 | -€108,022 | |
| Income taxes | 67/77 | €16,264 | €668 | -€15,596 | -95.9% |
| Profit (loss) for the period | 9904 | €36,384 | -€56,042 | -€92,426 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,384 | -€56,042 | -€92,426 |
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 11 October 2026 via checked.be.