BATIR L'AVENIR: 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.
BATIR L'AVENIR
Largest movements
- Tangible fixed assets -€31,993
down €31,993 (-7.7%), from €417,527 to €385,534
of which Land and buildings: -€28,207
- Stocks and contracts +€13,673
up €13,673 (+14.5%), from €94,090 to €107,764
- Cash -€8,868
down €8,868 (-61.2%), from €14,487 to €5,619
mainly Debts after one year (-€53,437) and Trade debts (-€31,907)
- Receivables within one year -€5,913
down €5,913 (-19.5%), from €30,247 to €24,334
of which Trade receivables: -€6,188
- Debts after one year -€53,437
down €53,437 (-9.6%), from €557,037 to €503,599
- Profit (loss) carried forward +€43,526
up €43,526 (+19.9%), from -€218,531 to -€175,005
- Trade debts -€31,907
down €31,907 (-29.4%), from €108,606 to €76,699
- Current portion of long-term debt +€21,256
up €21,256 (+84.4%), from €25,198 to €46,455
- Gross operating margin +€38,594
up €38,594 (+44.3%), from €87,021 to €125,615
- Staff costs -€24,919
down €24,919 (-64.3%), from €38,761 to €13,842
- Financial income +€1,665
up €1,665 (+49.9%), from €3,340 to €5,005
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €588,658 | €552,665 | -€35,992 | -6.1% |
| Formation expenses | 20 | €29,669 | €26,532 | -€3,137 | -10.6% |
| Fixed assets | 21/28 | €418,450 | €386,199 | -€32,251 | -7.7% |
| Intangible fixed assets | 21 | €673 | €415 | -€258 | -38.4% |
| Tangible fixed assets | 22/27 | €417,527 | €385,534 | -€31,993 | -7.7% |
| Land and buildings | 22 | €400,531 | €372,324 | -€28,207 | -7.0% |
| Plant, machinery and equipment | 23 | €9,394 | €7,380 | -€2,014 | -21.4% |
| Furniture and vehicles | 24 | €7,602 | €5,830 | -€1,772 | -23.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €140,538 | €139,934 | -€604 | -0.4% |
| Stocks and contracts in progress | 3 | €94,090 | €107,764 | +€13,673 | +14.5% |
| Stocks | 30/36 | €94,090 | €107,764 | +€13,673 | +14.5% |
| Amounts receivable within one year | 40/41 | €30,247 | €24,334 | -€5,913 | -19.5% |
| Trade receivables | 40 | €30,247 | €24,059 | -€6,188 | -20.5% |
| Other amounts receivable | 41 | - | €275 | +€275 | |
| Cash at bank and in hand | 54/58 | €14,487 | €5,619 | -€8,868 | -61.2% |
| Deferred charges and accrued income | 490/1 | €1,714 | €2,217 | +€503 | +29.4% |
| Total equity and liabilities | 10/49 | €588,658 | €552,665 | -€35,992 | -6.1% |
| Equity | 10/15 | -€141,052 | -€98,996 | +€42,056 | +29.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,531 | -€175,005 | +€43,526 | +19.9% |
| Investment grants | 15 | €14,978 | €13,509 | -€1,469 | -9.8% |
| Provisions and deferred taxes | 16 | €3,745 | €3,377 | -€367 | -9.8% |
| Deferred taxes | 168 | €3,745 | €3,377 | -€367 | -9.8% |
| Amounts payable | 17/49 | €725,965 | €648,284 | -€77,681 | -10.7% |
| Amounts payable after more than one year | 17 | €557,037 | €503,599 | -€53,437 | -9.6% |
| Financial debts | 170/4 | €557,037 | €503,599 | -€53,437 | -9.6% |
| Amounts payable within one year | 42/48 | €168,235 | €144,028 | -€24,207 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €25,198 | €46,455 | +€21,256 | +84.4% |
| Trade debts | 44 | €108,606 | €76,699 | -€31,907 | -29.4% |
| Suppliers | 440/4 | €108,606 | €76,699 | -€31,907 | -29.4% |
| Advances received on contracts in progress | 46 | €5,096 | €1,103 | -€3,993 | -78.4% |
| Taxes, remuneration and social security | 45 | €16,023 | €11,710 | -€4,313 | -26.9% |
| Taxes | 450/3 | €14,059 | €10,999 | -€3,060 | -21.8% |
| Remuneration and social security | 454/9 | €1,964 | €711 | -€1,253 | -63.8% |
| Other amounts payable | 47/48 | €13,311 | €8,062 | -€5,250 | -39.4% |
| Accrued charges and deferred income | 492/3 | €694 | €656 | -€38 | -5.4% |
| Remuneration, social security and pensions | 62 | €38,761 | €13,842 | -€24,919 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,810 | €35,996 | +€187 | +0.5% |
| Other operating charges | 640/8 | €4,383 | €4,542 | +€159 | +3.6% |
| Non-recurring operating charges | 66A | €9,000 | €11,463 | +€2,463 | +27.4% |
| Gross operating margin | 9900 | €87,021 | €125,615 | +€38,594 | +44.3% |
| Operating profit (loss) | 9901 | -€933 | €59,771 | +€60,704 | |
| Financial income | 75/76B | €3,340 | €5,005 | +€1,665 | +49.9% |
| Recurring financial income | 75 | €3,340 | €5,005 | +€1,665 | +49.9% |
| Financial charges | 65/66B | €20,600 | €21,611 | +€1,011 | +4.9% |
| Recurring financial charges | 65 | €20,600 | €21,611 | +€1,011 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,193 | €43,165 | +€61,358 | |
| Transfer from deferred taxes | 780 | €367 | €367 | = | 0.0% |
| Income taxes | 67/77 | €6 | €7 | +€1 | +9.5% |
| Profit (loss) for the period | 9904 | -€17,832 | €43,526 | +€61,357 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,832 | €43,526 | +€61,357 |
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 31 October 2026 via checked.be.