Batim BSD: 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
Batim BSD
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,637
2024 · €66,302-€61,665
Equity
€202,654
2024 · €198,016+€4,637
Cash
€82,221
2024 · €182,090-€99,869
Balance sheet total
€15.8m
2024 · €10.5m+€5.3m
Largest movements
Assets
- Stocks and contracts +€3.1m
new in 2025: €3.1m
- Tangible fixed assets +€2.3m
up €2.3m (+22.8%), from €10.0m to €12.3m
- Deferred charges and accrued income -€240,790
no longer reported in 2025 (was €240,790)
- Receivables within one year +€166,208
up €166,208 (+242%), from €68,579 to €234,788
Equity and liabilities
- Short-term financial debts +€3.0m
new in 2025: €3.0m
- Debts after one year +€1.4m
up €1.4m (+23.4%), from €6.0m to €7.4m
- Other debts +€898,433
up €898,433 (+23.0%), from €3.9m to €4.8m
Income statement
- Gross operating margin +€424,643
up €424,643 (+94.3%), from €450,122 to €874,765
- Financial charges +€393,973
up €393,973 (+607%), from €64,938 to €458,911
- Depreciation +€111,158
up €111,158 (+45.2%), from €245,699 to €356,857
- Other operating charges +€37,708
up €37,708 (+205%), from €18,370 to €56,078
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
€66,302
Gross operating margin
+€424,643
Staff costs
+€3,558
Depreciation
-€111,158
Other operating charges
-€37,708
Other operating items
+€51,255
Financial income
+€2,442
Financial charges
-€393,973
Taxes
-€724
Result 2025
€4,637
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
-€1.7m
Investment
-€2.7m
Financing
+€4.3m
Cash 2024
€182,090
From operations (derived)
-€1.7m
Net result for the year
+€4,637
Depreciation
+€356,857
Stocks and contracts
-€3.1m
Receivables within one year
-€166,208
Deferred charges and accrued income
+€240,790
Trade debts
+€46,573
Tax, wage and social debts
+€724
Other debts
+€898,433
Investment (derived)
-€2.7m
Investment in fixed assets (net)
-€2.6m
Current investments
-€85,684
Financing
+€4.3m
Debts after one year
+€1.4m
Current portion of long-term debt
-€43,935
Short-term financial debts
+€3.0m
Cash 2025
€82,221
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,499,964 | €15,778,824 | +€5.3m | +50.3% |
| Fixed assets | 21/28 | €10,008,505 | €12,287,584 | +€2.3m | +22.8% |
| Tangible fixed assets | 22/27 | €9,980,685 | €12,259,764 | +€2.3m | +22.8% |
| Land and buildings | 22 | €9,980,685 | €12,259,764 | +€2.3m | +22.8% |
| Financial fixed assets | 28 | €27,820 | €27,820 | = | 0.0% |
| Current assets | 29/58 | €491,459 | €3,491,240 | +€3.0m | +610% |
| Stocks and contracts in progress | 3 | - | €3,088,547 | +€3.1m | |
| Stocks | 30/36 | - | €3,088,547 | +€3.1m | |
| Amounts receivable within one year | 40/41 | €68,579 | €234,788 | +€166,208 | +242% |
| Trade receivables | 40 | €68,579 | €234,788 | +€166,208 | +242% |
| Current investments | 50/53 | - | €85,684 | +€85,684 | |
| Cash at bank and in hand | 54/58 | €182,090 | €82,221 | -€99,869 | -54.8% |
| Deferred charges and accrued income | 490/1 | €240,790 | - | -€240,790 | |
| Total equity and liabilities | 10/49 | €10,499,964 | €15,778,824 | +€5.3m | +50.3% |
| Equity | 10/15 | €198,016 | €202,654 | +€4,637 | +2.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | - | €2,654 | +€2,654 | |
| Distributable reserves | 133 | - | €2,654 | +€2,654 | |
| Profit (loss) carried forward | 14 | -€1,984 | - | +€1,984 | |
| Amounts payable | 17/49 | €10,301,948 | €15,576,171 | +€5.3m | +51.2% |
| Amounts payable after more than one year | 17 | €6,028,109 | €7,441,686 | +€1.4m | +23.4% |
| Financial debts | 170/4 | €6,028,109 | €7,441,686 | +€1.4m | +23.4% |
| Amounts payable within one year | 42/48 | €4,273,838 | €8,134,484 | +€3.9m | +90.3% |
| Current portion of amounts payable after more than one year | 42 | €362,924 | €318,989 | -€43,935 | -12.1% |
| Financial debts | 43 | - | €2,958,850 | +€3.0m | |
| Credit institutions | 430/8 | - | €2,958,850 | +€3.0m | |
| Trade debts | 44 | €1,300 | €47,873 | +€46,573 | +3,584% |
| Suppliers | 440/4 | €1,300 | €47,873 | +€46,573 | +3,584% |
| Taxes, remuneration and social security | 45 | - | €724 | +€724 | |
| Taxes | 450/3 | - | €724 | +€724 | |
| Other amounts payable | 47/48 | €3,909,615 | €4,808,048 | +€898,433 | +23.0% |
| Remuneration, social security and pensions | 62 | €3,558 | - | -€3,558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,699 | €356,857 | +€111,158 | +45.2% |
| Other operating charges | 640/8 | €18,370 | €56,078 | +€37,708 | +205% |
| Non-recurring operating charges | 66A | €51,255 | - | -€51,255 | |
| Gross operating margin | 9900 | €450,122 | €874,765 | +€424,643 | +94.3% |
| Operating profit (loss) | 9901 | €131,240 | €461,830 | +€330,590 | +252% |
| Financial income | 75/76B | €1 | €2,443 | +€2,442 | +407,077% |
| Recurring financial income | 75 | €1 | €2,443 | +€2,442 | +407,077% |
| Financial charges | 65/66B | €64,938 | €458,911 | +€393,973 | +607% |
| Recurring financial charges | 65 | €64,938 | €458,911 | +€393,973 | +607% |
| Profit (loss) for the period before taxes | 9903 | €66,302 | €5,362 | -€60,941 | -91.9% |
| Income taxes | 67/77 | - | €724 | +€724 | |
| Profit (loss) for the period | 9904 | €66,302 | €4,637 | -€61,665 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,302 | €4,637 | -€61,665 | -93.0% |
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 17 October 2026 via checked.be.