Batihome Project: 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.
Batihome Project
Largest movements
- Tangible fixed assets +€406,448
up €406,448 (+2526.8%), from €16,085 to €422,534
of which Land and buildings: +€366,753
- Cash -€47,272
down €47,272 (-66.0%), from €71,577 to €24,305
mainly Investment in fixed assets (net) (-€420,465) and Stocks and contracts (-€43,984)
- Stocks and contracts +€43,984
up €43,984 (+163.1%), from €26,966 to €70,950
- Receivables within one year -€33,580
down €33,580 (-44.3%), from €75,798 to €42,218
of which Trade receivables: -€33,583
- Debts after one year +€342,891
new in 2025: €342,891
- Other debts +€24,819
up €24,819 (+98.6%), from €25,167 to €49,986
- Advances received -€23,607
down €23,607 (-96.6%), from €24,450 to €843
- Current portion of long-term debt +€19,360
new in 2025: €19,360
- Gross operating margin -€49,424
down €49,424 (-62.2%), from €79,449 to €30,024
- Other operating charges -€12,011
down €12,011 (-72.4%), from €16,596 to €4,585
- Taxes -€10,043
down €10,043 (-77.5%), from €12,966 to €2,923
- Financial charges +€9,676
up €9,676 (+2374.7%), from €407 to €10,084
- Depreciation +€8,228
up €8,228 (+196.4%), from €4,189 to €12,417
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 | €194,580 | €563,225 | +€368,645 | +189.5% |
| Fixed assets | 21/28 | €17,085 | €425,134 | +€408,048 | +2388.3% |
| Tangible fixed assets | 22/27 | €16,085 | €422,534 | +€406,448 | +2526.8% |
| Land and buildings | 22 | - | €366,753 | +€366,753 | |
| Furniture and vehicles | 24 | €16,085 | €55,780 | +€39,695 | +246.8% |
| Financial fixed assets | 28 | €1,000 | €2,600 | +€1,600 | +160.0% |
| Current assets | 29/58 | €177,495 | €138,092 | -€39,403 | -22.2% |
| Stocks and contracts in progress | 3 | €26,966 | €70,950 | +€43,984 | +163.1% |
| Stocks | 30/36 | €26,966 | €70,950 | +€43,984 | +163.1% |
| Amounts receivable within one year | 40/41 | €75,798 | €42,218 | -€33,580 | -44.3% |
| Trade receivables | 40 | €75,798 | €42,215 | -€33,583 | -44.3% |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €71,577 | €24,305 | -€47,272 | -66.0% |
| Deferred charges and accrued income | 490/1 | €3,153 | €619 | -€2,534 | -80.4% |
| Total equity and liabilities | 10/49 | €194,580 | €563,225 | +€368,645 | +189.5% |
| Equity | 10/15 | €47,945 | €47,965 | +€20 | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,945 | €37,965 | +€20 | +0.1% |
| Amounts payable | 17/49 | €146,635 | €515,260 | +€368,625 | +251.4% |
| Amounts payable after more than one year | 17 | - | €342,891 | +€342,891 | |
| Financial debts | 170/4 | - | €342,891 | +€342,891 | |
| Amounts payable within one year | 42/48 | €146,635 | €172,369 | +€25,735 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | - | €19,360 | +€19,360 | |
| Trade debts | 44 | €80,251 | €84,311 | +€4,060 | +5.1% |
| Suppliers | 440/4 | €80,251 | €84,311 | +€4,060 | +5.1% |
| Advances received on contracts in progress | 46 | €24,450 | €843 | -€23,607 | -96.6% |
| Taxes, remuneration and social security | 45 | €16,767 | €17,870 | +€1,103 | +6.6% |
| Taxes | 450/3 | €16,767 | €17,870 | +€1,103 | +6.6% |
| Other amounts payable | 47/48 | €25,167 | €49,986 | +€24,819 | +98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,189 | €12,417 | +€8,228 | +196.4% |
| Other operating charges | 640/8 | €16,596 | €4,585 | -€12,011 | -72.4% |
| Gross operating margin | 9900 | €79,449 | €30,024 | -€49,424 | -62.2% |
| Operating profit (loss) | 9901 | €58,664 | €13,023 | -€45,641 | -77.8% |
| Financial income | 75/76B | €16 | €3 | -€13 | -79.2% |
| Recurring financial income | 75 | €16 | €3 | -€13 | -79.2% |
| Financial charges | 65/66B | €407 | €10,084 | +€9,676 | +2374.7% |
| Recurring financial charges | 65 | €407 | €10,084 | +€9,676 | +2374.7% |
| Profit (loss) for the period before taxes | 9903 | €58,273 | €2,943 | -€55,330 | -95.0% |
| Income taxes | 67/77 | €12,966 | €2,923 | -€10,043 | -77.5% |
| Profit (loss) for the period | 9904 | €45,307 | €20 | -€45,287 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,307 | €20 | -€45,287 | -100.0% |
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.