BATIPACK: 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
BATIPACK
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €958,321+€798,445
Equity
€9.7m
2024 · €9.8m-€42,702
Cash
€2.0m
2024 · €1.9m+€138,978
Balance sheet total
€10.6m
2024 · €10.4m+€197,629
Largest movements
Assets
- Cash +€138,978
up €138,978 (+7.4%), from €1.9m to €2.0m
mainly Net result for the year (+€1.8m) and Accrued charges and deferred income (+€144,661)
Equity and liabilities
- Accrued charges and deferred income +€144,661
up €144,661 (+42.9%), from €337,231 to €481,892
- Other debts +€136,145
up €136,145 (+56.2%), from €242,380 to €378,524
Income statement
- Gross operating margin +€997,408
up €997,408 (+522%), from €191,194 to €1.2m
- Financial income -€288,722
down €288,722 (-22.8%), from €1.3m to €978,433
- Write-downs -€100,000
no longer reported in 2025 (was €100,000)
- Taxes +€73,523
up €73,523 (+33.6%), from €218,687 to €292,210
- Depreciation -€48,811
down €48,811 (-36.1%), from €135,062 to €86,251
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
€958,321
Gross operating margin
+€997,408
Depreciation
+€48,811
Write-downs
+€100,000
Other operating charges
-€953
Financial income
-€288,722
Financial charges
+€15,424
Taxes
-€73,523
Result 2025
€1.8m
raises the resultlowers the result
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
+€2.2m
Investment
-€207,058
Financing
-€1.8m
Cash 2024
€1.9m
From operations (derived)
+€2.2m
Net result for the year
+€1.8m
Depreciation
+€86,251
Receivables within one year
+€80,071
Deferred charges and accrued income
-€17,916
Trade debts
+€2,309
Tax, wage and social debts
-€22,227
Other debts
+€136,145
Accrued charges and deferred income
+€144,661
Investment (derived)
-€207,058
Investment in fixed assets (net)
-€110,675
Current investments
-€96,383
Financing
-€1.8m
Current portion of long-term debt
-€20,556
Contributions, distributions and other
-€1.8m
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,443,376 | €10,641,005 | +€197,629 | +1.9% |
| Fixed assets | 21/28 | €6,709,707 | €6,734,132 | +€24,424 | +0.4% |
| Tangible fixed assets | 22/27 | €1,234,617 | €1,259,042 | +€24,424 | +2.0% |
| Land and buildings | 22 | €885,765 | €1,171,056 | +€285,291 | +32.2% |
| Plant, machinery and equipment | 23 | €285,107 | €40,904 | -€244,203 | -85.7% |
| Furniture and vehicles | 24 | €63,746 | €47,082 | -€16,664 | -26.1% |
| Financial fixed assets | 28 | €5,475,090 | €5,475,090 | = | 0.0% |
| Current assets | 29/58 | €3,733,669 | €3,906,874 | +€173,205 | +4.6% |
| Amounts receivable within one year | 40/41 | €358,770 | €278,698 | -€80,071 | -22.3% |
| Trade receivables | 40 | €251,488 | €11,123 | -€240,366 | -95.6% |
| Other amounts receivable | 41 | €107,281 | €267,576 | +€160,294 | +149% |
| Current investments | 50/53 | €1,422,070 | €1,518,453 | +€96,383 | +6.8% |
| Cash at bank and in hand | 54/58 | €1,890,749 | €2,029,727 | +€138,978 | +7.4% |
| Deferred charges and accrued income | 490/1 | €62,080 | €79,996 | +€17,916 | +28.9% |
| Total equity and liabilities | 10/49 | €10,443,376 | €10,641,005 | +€197,629 | +1.9% |
| Equity | 10/15 | €9,768,096 | €9,725,395 | -€42,702 | -0.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €9,668,096 | €9,625,395 | -€42,702 | -0.4% |
| Tax-exempt reserves | 132 | €644,400 | €307,600 | -€336,800 | -52.3% |
| Distributable reserves | 133 | €9,023,696 | €9,317,795 | +€294,098 | +3.3% |
| Amounts payable | 17/49 | €675,280 | €915,611 | +€240,331 | +35.6% |
| Amounts payable within one year | 42/48 | €338,049 | €433,719 | +€95,670 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €20,556 | - | -€20,556 | |
| Trade debts | 44 | €1,382 | €3,690 | +€2,309 | +167% |
| Suppliers | 440/4 | €1,382 | €3,690 | +€2,309 | +167% |
| Taxes, remuneration and social security | 45 | €73,731 | €51,504 | -€22,227 | -30.1% |
| Taxes | 450/3 | €73,731 | €51,504 | -€22,227 | -30.1% |
| Other amounts payable | 47/48 | €242,380 | €378,524 | +€136,145 | +56.2% |
| Accrued charges and deferred income | 492/3 | €337,231 | €481,892 | +€144,661 | +42.9% |
| Non-recurring operating income | 76A | €23,575 | €980,531 | +€956,956 | +4,059% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,062 | €86,251 | -€48,811 | -36.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €100,000 | - | -€100,000 | |
| Other operating charges | 640/8 | €3,521 | €4,474 | +€953 | +27.1% |
| Gross operating margin | 9900 | €191,194 | €1,188,602 | +€997,408 | +522% |
| Operating profit (loss) | 9901 | -€47,388 | €1,097,877 | +€1.1m | |
| Financial income | 75/76B | €1,267,155 | €978,433 | -€288,722 | -22.8% |
| Recurring financial income | 75 | €1,267,155 | €978,433 | -€288,722 | -22.8% |
| Financial charges | 65/66B | €42,759 | €27,335 | -€15,424 | -36.1% |
| Recurring financial charges | 65 | €42,759 | €27,335 | -€15,424 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €1,177,007 | €2,048,975 | +€871,968 | +74.1% |
| Income taxes | 67/77 | €218,687 | €292,210 | +€73,523 | +33.6% |
| Profit (loss) for the period | 9904 | €958,321 | €1,756,766 | +€798,445 | +83.3% |
| Transfer from tax-exempt reserves | 789 | €272,880 | €336,800 | +€63,920 | +23.4% |
| Transfer to tax-exempt reserves | 689 | €55,000 | - | -€55,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,176,201 | €2,093,566 | +€917,365 | +78.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.