BatiTerre: 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.
BatiTerre
Largest movements
- Cash +€145,984
up €145,984 (+110.7%), from €131,905 to €277,889
mainly Debts after one year (+€192,301) and Contributions, distributions and other (+€154,300)
- Receivables within one year -€24,309
down €24,309 (-8.3%), from €294,288 to €269,979
of which Other amounts receivable: -€32,567
- Stocks and contracts +€17,977
up €17,977 (+21.3%), from €84,368 to €102,346
- Tangible fixed assets -€11,277
down €11,277 (-12.5%), from €90,313 to €79,036
of which Plant, machinery and equipment: -€7,996
- Deferred charges and accrued income +€9,708
up €9,708 (+76.9%), from €12,624 to €22,333
- Advances received -€268,382
down €268,382 (-72.9%), from €368,155 to €99,773
- Debts after one year +€192,301
up €192,301 (+1086.5%), from €17,699 to €210,000
- Contributions +€154,300
up €154,300 (+96.1%), from €160,600 to €314,900
- Short-term financial debts +€25,124
new in 2025: €25,124
- Trade debts +€24,426
up €24,426 (+87.7%), from €27,863 to €52,289
- Gross operating margin +€86,641
up €86,641 (+21.0%), from €413,204 to €499,845
- Staff costs +€66,746
up €66,746 (+19.9%), from €335,951 to €402,697
- Depreciation +€27,171
up €27,171 (+175.1%), from €15,517 to €42,688
- Other operating charges -€20,213
down €20,213 (-28.0%), from €72,291 to €52,079
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 | €631,768 | €769,926 | +€138,158 | +21.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €94,663 | €83,386 | -€11,277 | -11.9% |
| Tangible fixed assets | 22/27 | €90,313 | €79,036 | -€11,277 | -12.5% |
| Plant, machinery and equipment | 23 | €50,995 | €42,999 | -€7,996 | -15.7% |
| Furniture and vehicles | 24 | €39,318 | €36,037 | -€3,281 | -8.3% |
| Financial fixed assets | 28 | €4,350 | €4,350 | = | 0.0% |
| Current assets | 29/58 | €537,105 | €686,541 | +€149,435 | +27.8% |
| Stocks and contracts in progress | 3 | €84,368 | €102,346 | +€17,977 | +21.3% |
| Stocks | 30/36 | €84,368 | €102,346 | +€17,977 | +21.3% |
| Amounts receivable within one year | 40/41 | €294,288 | €269,979 | -€24,309 | -8.3% |
| Trade receivables | 40 | €32,860 | €41,119 | +€8,258 | +25.1% |
| Other amounts receivable | 41 | €261,427 | €228,860 | -€32,567 | -12.5% |
| Current investments | 50/53 | €13,920 | €13,994 | +€74 | +0.5% |
| Cash at bank and in hand | 54/58 | €131,905 | €277,889 | +€145,984 | +110.7% |
| Deferred charges and accrued income | 490/1 | €12,624 | €22,333 | +€9,708 | +76.9% |
| Total equity and liabilities | 10/49 | €631,768 | €769,926 | +€138,158 | +21.9% |
| Equity | 10/15 | €149,745 | €304,668 | +€154,922 | +103.5% |
| Contributions | 10/11 | €160,600 | €314,900 | +€154,300 | +96.1% |
| Profit (loss) carried forward | 14 | -€10,855 | -€10,232 | +€622 | +5.7% |
| Amounts payable | 17/49 | €482,023 | €465,259 | -€16,764 | -3.5% |
| Amounts payable after more than one year | 17 | €17,699 | €210,000 | +€192,301 | +1086.5% |
| Financial debts | 170/4 | €17,699 | €210,000 | +€192,301 | +1086.5% |
| Amounts payable within one year | 42/48 | €464,324 | €255,259 | -€209,065 | -45.0% |
| Financial debts | 43 | - | €25,124 | +€25,124 | |
| Credit institutions | 430/8 | - | €25,124 | +€25,124 | |
| Trade debts | 44 | €27,863 | €52,289 | +€24,426 | +87.7% |
| Suppliers | 440/4 | €27,863 | €52,289 | +€24,426 | +87.7% |
| Advances received on contracts in progress | 46 | €368,155 | €99,773 | -€268,382 | -72.9% |
| Taxes, remuneration and social security | 45 | €66,567 | €77,261 | +€10,694 | +16.1% |
| Taxes | 450/3 | €7,870 | €19,190 | +€11,320 | +143.8% |
| Remuneration and social security | 454/9 | €58,697 | €58,071 | -€626 | -1.1% |
| Other amounts payable | 47/48 | €1,739 | €812 | -€927 | -53.3% |
| Non-recurring operating income | 76A | - | €670 | +€670 | |
| Remuneration, social security and pensions | 62 | €335,951 | €402,697 | +€66,746 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,517 | €42,688 | +€27,171 | +175.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€372 | €0 | +€372 | |
| Other operating charges | 640/8 | €72,291 | €52,079 | -€20,213 | -28.0% |
| Non-recurring operating charges | 66A | - | €225 | +€225 | |
| Gross operating margin | 9900 | €413,204 | €499,845 | +€86,641 | +21.0% |
| Operating profit (loss) | 9901 | -€10,183 | €2,156 | +€12,339 | |
| Financial income | 75/76B | €171 | €296 | +€124 | +72.6% |
| Recurring financial income | 75 | €171 | €296 | +€124 | +72.6% |
| Financial charges | 65/66B | €1,003 | €1,829 | +€827 | +82.4% |
| Recurring financial charges | 65 | €1,003 | €1,829 | +€827 | +82.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,015 | €622 | +€11,637 | |
| Profit (loss) for the period | 9904 | -€11,015 | €622 | +€11,637 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,015 | €622 | +€11,637 |
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 2 October 2026 via checked.be.