BATIMMOVAN: 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.
BATIMMOVAN
Largest movements
- Receivables within one year -€130,666
down €130,666 (-69.6%), from €187,659 to €56,993
of which Trade receivables: -€136,162
- Stocks and contracts +€58,389
up €58,389 (+51.7%), from €112,870 to €171,259
- Cash -€35,591
down €35,591 (-16.8%), from €211,825 to €176,233
mainly Trade debts (-€60,118) and Stocks and contracts (-€58,389)
- Tangible fixed assets +€14,298
up €14,298 (+13.4%), from €106,817 to €121,115
of which Leasing and similar rights: +€14,693
- Trade debts -€60,118
down €60,118 (-32.0%), from €187,629 to €127,511
- Tax, wage and social debts -€48,620
down €48,620 (-71.5%), from €67,977 to €19,358
of which Taxes: -€36,136
- Profit (loss) carried forward +€15,277
up €15,277 (+6.8%), from €225,553 to €240,830
- Accrued charges and deferred income -€8,586
no longer reported in 2025 (was €8,586)
- Gross operating margin -€67,169
down €67,169 (-15.0%), from €447,305 to €380,137
- Staff costs -€36,631
down €36,631 (-10.3%), from €356,171 to €319,540
- Taxes -€8,086
down €8,086 (-72.5%), from €11,149 to €3,063
- Depreciation +€6,999
up €6,999 (+24.9%), from €28,142 to €35,141
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 | €627,568 | €534,256 | -€93,312 | -14.9% |
| Fixed assets | 21/28 | €106,947 | €121,244 | +€14,298 | +13.4% |
| Tangible fixed assets | 22/27 | €106,817 | €121,115 | +€14,298 | +13.4% |
| Land and buildings | 22 | €22,350 | €21,625 | -€725 | -3.2% |
| Plant, machinery and equipment | 23 | €7,829 | €17,517 | +€9,688 | +123.7% |
| Furniture and vehicles | 24 | €57,065 | €47,706 | -€9,358 | -16.4% |
| Leasing and similar rights | 25 | €19,573 | €34,266 | +€14,693 | +75.1% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €520,621 | €413,011 | -€107,610 | -20.7% |
| Stocks and contracts in progress | 3 | €112,870 | €171,259 | +€58,389 | +51.7% |
| Stocks | 30/36 | €112,870 | €171,259 | +€58,389 | +51.7% |
| Amounts receivable within one year | 40/41 | €187,659 | €56,993 | -€130,666 | -69.6% |
| Trade receivables | 40 | €187,659 | €51,497 | -€136,162 | -72.6% |
| Other amounts receivable | 41 | - | €5,496 | +€5,496 | |
| Cash at bank and in hand | 54/58 | €211,825 | €176,233 | -€35,591 | -16.8% |
| Deferred charges and accrued income | 490/1 | €8,267 | €8,526 | +€259 | +3.1% |
| Total equity and liabilities | 10/49 | €627,568 | €534,256 | -€93,312 | -14.9% |
| Equity | 10/15 | €298,153 | €313,430 | +€15,277 | +5.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €10,600 | €10,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,400 | €4,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225,553 | €240,830 | +€15,277 | +6.8% |
| Amounts payable | 17/49 | €329,415 | €220,826 | -€108,589 | -33.0% |
| Amounts payable after more than one year | 17 | €46,489 | €50,576 | +€4,087 | +8.8% |
| Financial debts | 170/4 | €46,489 | €50,576 | +€4,087 | +8.8% |
| Amounts payable within one year | 42/48 | €274,341 | €170,249 | -€104,091 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €18,734 | €23,381 | +€4,647 | +24.8% |
| Trade debts | 44 | €187,629 | €127,511 | -€60,118 | -32.0% |
| Suppliers | 440/4 | €187,629 | €127,511 | -€60,118 | -32.0% |
| Taxes, remuneration and social security | 45 | €67,977 | €19,358 | -€48,620 | -71.5% |
| Taxes | 450/3 | €44,233 | €8,098 | -€36,136 | -81.7% |
| Remuneration and social security | 454/9 | €23,744 | €11,260 | -€12,484 | -52.6% |
| Accrued charges and deferred income | 492/3 | €8,586 | - | -€8,586 | |
| Remuneration, social security and pensions | 62 | €356,171 | €319,540 | -€36,631 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,142 | €35,141 | +€6,999 | +24.9% |
| Other operating charges | 640/8 | €3,449 | €3,532 | +€82 | +2.4% |
| Gross operating margin | 9900 | €447,305 | €380,137 | -€67,169 | -15.0% |
| Operating profit (loss) | 9901 | €59,543 | €21,923 | -€37,619 | -63.2% |
| Financial income | 75/76B | €76 | €17 | -€58 | -77.0% |
| Recurring financial income | 75 | €76 | €17 | -€58 | -77.0% |
| Financial charges | 65/66B | €2,241 | €3,600 | +€1,359 | +60.6% |
| Recurring financial charges | 65 | €2,241 | €3,600 | +€1,359 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | €57,378 | €18,341 | -€39,037 | -68.0% |
| Income taxes | 67/77 | €11,149 | €3,063 | -€8,086 | -72.5% |
| Profit (loss) for the period | 9904 | €46,229 | €15,277 | -€30,951 | -67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,229 | €15,277 | -€30,951 | -67.0% |
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 1 October 2026 via checked.be.