BATINOV CONSTRUCT: 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.
BATINOV CONSTRUCT
Largest movements
- Stocks and contracts +€109,410
up €109,410 (+37.2%), from €294,290 to €403,700
- Financial fixed assets +€74,355
up €74,355 (+18043.9%), from €412 to €74,767
- Cash -€34,616
down €34,616 (-36.9%), from €93,831 to €59,216
mainly Stocks and contracts (-€109,410) and Investment in fixed assets (net) (-€86,868)
- Other debts +€156,014
up €156,014 (+37.8%), from €412,551 to €568,565
- Tax, wage and social debts -€12,136
no longer reported in 2025 (was €12,136)
of which Remuneration and social security: -€10,898
- Trade debts +€10,056
up €10,056 (+84.8%), from €11,863 to €21,919
- Gross operating margin -€57,203
down €57,203 (-50.1%), from €114,207 to €57,004
- Staff costs -€55,997
down €55,997 (-56.3%), from €99,382 to €43,385
- Depreciation -€4,469
down €4,469 (-27.4%), from €16,317 to €11,848
- Taxes +€3,471
up €3,471 (+3359.7%), from €103 to €3,574
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 | €479,315 | €624,673 | +€145,358 | +30.3% |
| Fixed assets | 21/28 | €25,848 | €100,868 | +€75,020 | +290.2% |
| Tangible fixed assets | 22/27 | €25,436 | €26,101 | +€665 | +2.6% |
| Plant, machinery and equipment | 23 | €5,753 | €14,033 | +€8,280 | +143.9% |
| Furniture and vehicles | 24 | €19,683 | €12,068 | -€7,615 | -38.7% |
| Financial fixed assets | 28 | €412 | €74,767 | +€74,355 | +18043.9% |
| Current assets | 29/58 | €453,466 | €523,804 | +€70,338 | +15.5% |
| Stocks and contracts in progress | 3 | €294,290 | €403,700 | +€109,410 | +37.2% |
| Stocks | 30/36 | €294,290 | €403,700 | +€109,410 | +37.2% |
| Amounts receivable within one year | 40/41 | €63,866 | €60,655 | -€3,212 | -5.0% |
| Trade receivables | 40 | €4,020 | €10,514 | +€6,494 | +161.6% |
| Other amounts receivable | 41 | €59,847 | €50,141 | -€9,706 | -16.2% |
| Cash at bank and in hand | 54/58 | €93,831 | €59,216 | -€34,616 | -36.9% |
| Deferred charges and accrued income | 490/1 | €1,479 | €234 | -€1,245 | -84.2% |
| Total equity and liabilities | 10/49 | €479,315 | €624,673 | +€145,358 | +30.3% |
| Equity | 10/15 | €29,156 | €25,648 | -€3,508 | -12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,632 | €5,632 | = | 0.0% |
| Distributable reserves | 133 | €5,632 | €5,632 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,924 | €1,416 | -€3,508 | -71.2% |
| Amounts payable | 17/49 | €450,159 | €599,025 | +€148,866 | +33.1% |
| Amounts payable after more than one year | 17 | €7,089 | €3,689 | -€3,400 | -48.0% |
| Financial debts | 170/4 | €7,089 | €3,689 | -€3,400 | -48.0% |
| Amounts payable within one year | 42/48 | €441,569 | €593,835 | +€152,266 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €5,019 | €3,352 | -€1,667 | -33.2% |
| Trade debts | 44 | €11,863 | €21,919 | +€10,056 | +84.8% |
| Suppliers | 440/4 | €11,863 | €21,919 | +€10,056 | +84.8% |
| Taxes, remuneration and social security | 45 | €12,136 | - | -€12,136 | |
| Taxes | 450/3 | €1,238 | - | -€1,238 | |
| Remuneration and social security | 454/9 | €10,898 | - | -€10,898 | |
| Other amounts payable | 47/48 | €412,551 | €568,565 | +€156,014 | +37.8% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €99,382 | €43,385 | -€55,997 | -56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,317 | €11,848 | -€4,469 | -27.4% |
| Other operating charges | 640/8 | €1,340 | €1,257 | -€83 | -6.2% |
| Gross operating margin | 9900 | €114,207 | €57,004 | -€57,203 | -50.1% |
| Operating profit (loss) | 9901 | -€2,832 | €514 | +€3,346 | |
| Financial charges | 65/66B | €822 | €448 | -€375 | -45.6% |
| Recurring financial charges | 65 | €822 | €448 | -€375 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,654 | €66 | +€3,720 | |
| Income taxes | 67/77 | €103 | €3,574 | +€3,471 | +3359.7% |
| Profit (loss) for the period | 9904 | -€3,757 | -€3,508 | +€249 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,757 | -€3,508 | +€249 | +6.6% |
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 10 October 2026 via checked.be.