Batinor Construct: 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.
Batinor Construct
Largest movements
- Receivables within one year -€172,610
down €172,610 (-74.5%), from €231,566 to €58,956
of which Trade receivables: -€172,548
- Cash -€27,784
down €27,784 (-32.1%), from €86,534 to €58,750
mainly Trade debts (-€170,442) and Net result for the year (-€25,131)
- Stocks and contracts -€6,406
down €6,406 (-16.5%), from €38,865 to €32,459
- Deferred charges and accrued income +€4,949
up €4,949 (+108.0%), from €4,581 to €9,529
- Trade debts -€170,442
down €170,442 (-54.6%), from €312,080 to €141,638
- Profit (loss) carried forward -€25,131
down €25,131 (-324.2%), from -€7,753 to -€32,884
- Debts after one year -€9,857
down €9,857 (-29.1%), from €33,853 to €23,996
- Gross operating margin +€67,393
up €67,393, from -€7,145 to €60,248
- Other operating charges +€17,483
up €17,483 (+569.8%), from €3,068 to €20,551
- Staff costs +€2,448
up €2,448 (+5.2%), from €46,646 to €49,094
- Depreciation +€1,077
up €1,077 (+34.9%), from €3,086 to €4,162
- Financial income +€617
up €617 (+165.8%), from €372 to €989
of which Financial income: +€617
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 | €387,490 | €182,577 | -€204,913 | -52.9% |
| Fixed assets | 21/28 | €25,944 | €22,882 | -€3,062 | -11.8% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €19,663 | €16,601 | -€3,062 | -15.6% |
| Furniture and vehicles | 24 | €9,519 | €6,975 | -€2,544 | -26.7% |
| Other tangible fixed assets | 26 | €10,144 | €9,626 | -€518 | -5.1% |
| Financial fixed assets | 28 | €6,280 | €6,280 | = | 0.0% |
| Current assets | 29/58 | €361,546 | €159,695 | -€201,851 | -55.8% |
| Stocks and contracts in progress | 3 | €38,865 | €32,459 | -€6,406 | -16.5% |
| Stocks | 30/36 | €38,865 | €32,459 | -€6,406 | -16.5% |
| Amounts receivable within one year | 40/41 | €231,566 | €58,956 | -€172,610 | -74.5% |
| Trade receivables | 40 | €230,453 | €57,905 | -€172,548 | -74.9% |
| Other amounts receivable | 41 | €1,113 | €1,051 | -€63 | -5.6% |
| Cash at bank and in hand | 54/58 | €86,534 | €58,750 | -€27,784 | -32.1% |
| Deferred charges and accrued income | 490/1 | €4,581 | €9,529 | +€4,949 | +108.0% |
| Total equity and liabilities | 10/49 | €387,490 | €182,577 | -€204,913 | -52.9% |
| Equity | 10/15 | -€4,753 | -€29,884 | -€25,131 | -528.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,753 | -€32,884 | -€25,131 | -324.2% |
| Amounts payable | 17/49 | €392,243 | €212,460 | -€179,782 | -45.8% |
| Amounts payable after more than one year | 17 | €33,853 | €23,996 | -€9,857 | -29.1% |
| Financial debts | 170/4 | €33,853 | €23,996 | -€9,857 | -29.1% |
| Amounts payable within one year | 42/48 | €358,390 | €188,413 | -€169,977 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €9,393 | €9,857 | +€464 | +4.9% |
| Trade debts | 44 | €312,080 | €141,638 | -€170,442 | -54.6% |
| Suppliers | 440/4 | €312,080 | €141,638 | -€170,442 | -54.6% |
| Taxes, remuneration and social security | 45 | €7,227 | €6,764 | -€463 | -6.4% |
| Taxes | 450/3 | €5,692 | €1,908 | -€3,785 | -66.5% |
| Remuneration and social security | 454/9 | €1,535 | €4,857 | +€3,322 | +216.5% |
| Other amounts payable | 47/48 | €29,690 | €30,154 | +€464 | +1.6% |
| Accrued charges and deferred income | 492/3 | €0 | €52 | +€52 | |
| Remuneration, social security and pensions | 62 | €46,646 | €49,094 | +€2,448 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,086 | €4,162 | +€1,077 | +34.9% |
| Other operating charges | 640/8 | €3,068 | €20,551 | +€17,483 | +569.8% |
| Non-recurring operating charges | 66A | €12,682 | €670 | -€12,012 | -94.7% |
| Gross operating margin | 9900 | -€7,145 | €60,248 | +€67,393 | |
| Operating profit (loss) | 9901 | -€72,627 | -€14,229 | +€58,398 | +80.4% |
| Financial income | 75/76B | €372 | €989 | +€617 | +165.8% |
| Recurring financial income | 75 | €372 | €989 | +€617 | +165.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €11,570 | €12,052 | +€482 | +4.2% |
| Recurring financial charges | 65 | €11,570 | €12,052 | +€482 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€83,825 | -€25,292 | +€58,533 | +69.8% |
| Income taxes | 67/77 | €430 | -€160 | -€590 | |
| Profit (loss) for the period | 9904 | -€84,255 | -€25,131 | +€59,123 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,255 | -€25,131 | +€59,123 | +70.2% |
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 28 September 2026 via checked.be.