BATITHERM: 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.
BATITHERM
Largest movements
- Cash -€24,465
down €24,465 (-91.4%), from €26,757 to €2,293
mainly Receivables within one year (-€19,770) and Trade debts (-€17,300)
- Receivables within one year +€19,770
up €19,770 (+20.3%), from €97,629 to €117,399
of which Other amounts receivable: +€13,973
- Tangible fixed assets +€9,459
up €9,459 (+387.9%), from €2,438 to €11,897
of which Furniture and vehicles: +€9,847
- Deferred charges and accrued income +€2,284
new in 2024: €2,284
- Profit (loss) carried forward +€17,641
up €17,641 (+23.2%), from €76,169 to €93,810
- Trade debts -€17,300
down €17,300 (-60.8%), from €28,458 to €11,158
- Short-term financial debts +€4,375
new in 2024: €4,375
- Other debts +€1,657
up €1,657 (+171.2%), from €968 to €2,624
- Turnover -€156,212
down €156,212 (-53.6%), from €291,594 to €135,383
- Purchases and services -€119,990
down €119,990 (-52.7%), from €227,470 to €107,480
- Gross operating margin -€36,222
down €36,222 (-56.5%), from €64,124 to €27,903
- Depreciation +€4,318
up €4,318 (+457.3%), from €944 to €5,263
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,849 | €134,897 | +€7,048 | +5.5% |
| Fixed assets | 21/28 | €3,463 | €12,922 | +€9,459 | +273.1% |
| Tangible fixed assets | 22/27 | €2,438 | €11,897 | +€9,459 | +387.9% |
| Plant, machinery and equipment | 23 | €678 | €290 | -€388 | -57.2% |
| Furniture and vehicles | 24 | €1,760 | €11,607 | +€9,847 | +559.6% |
| Financial fixed assets | 28 | €1,025 | €1,025 | = | 0.0% |
| Current assets | 29/58 | €124,386 | €121,975 | -€2,411 | -1.9% |
| Amounts receivable within one year | 40/41 | €97,629 | €117,399 | +€19,770 | +20.3% |
| Trade receivables | 40 | €1,112 | €6,909 | +€5,797 | +521.2% |
| Other amounts receivable | 41 | €96,517 | €110,490 | +€13,973 | +14.5% |
| Cash at bank and in hand | 54/58 | €26,757 | €2,293 | -€24,465 | -91.4% |
| Deferred charges and accrued income | 490/1 | - | €2,284 | +€2,284 | |
| Total equity and liabilities | 10/49 | €127,849 | €134,897 | +€7,048 | +5.5% |
| Equity | 10/15 | €94,769 | €112,410 | +€17,641 | +18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,169 | €93,810 | +€17,641 | +23.2% |
| Amounts payable | 17/49 | €33,080 | €22,487 | -€10,593 | -32.0% |
| Amounts payable within one year | 42/48 | €33,080 | €22,487 | -€10,593 | -32.0% |
| Financial debts | 43 | - | €4,375 | +€4,375 | |
| Credit institutions | 430/8 | - | €4,375 | +€4,375 | |
| Trade debts | 44 | €28,458 | €11,158 | -€17,300 | -60.8% |
| Suppliers | 440/4 | €28,458 | €11,158 | -€17,300 | -60.8% |
| Advances received on contracts in progress | 46 | €2,900 | €2,900 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €755 | €1,429 | +€674 | +89.3% |
| Taxes | 450/3 | €755 | €1,429 | +€674 | +89.3% |
| Other amounts payable | 47/48 | €968 | €2,624 | +€1,657 | +171.2% |
| Turnover | 70 | €291,594 | €135,383 | -€156,212 | -53.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €227,470 | €107,480 | -€119,990 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €944 | €5,263 | +€4,318 | +457.3% |
| Other operating charges | 640/8 | €4,147 | €2,605 | -€1,542 | -37.2% |
| Gross operating margin | 9900 | €64,124 | €27,903 | -€36,222 | -56.5% |
| Operating profit (loss) | 9901 | €59,033 | €20,034 | -€38,998 | -66.1% |
| Financial income | 75/76B | €537 | €225 | -€312 | -58.1% |
| Recurring financial income | 75 | €537 | €95 | -€442 | -82.3% |
| Non-recurring financial income | 76B | €537 | €130 | -€407 | -75.8% |
| Financial charges | 65/66B | €1,691 | €1,019 | -€672 | -39.7% |
| Recurring financial charges | 65 | €482 | €522 | +€40 | +8.4% |
| Non-recurring financial charges | 66B | €1,209 | €497 | -€712 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | €57,879 | €19,240 | -€38,639 | -66.8% |
| Income taxes | 67/77 | €2,837 | €1,599 | -€1,238 | -43.6% |
| Profit (loss) for the period | 9904 | €55,042 | €17,641 | -€37,401 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,042 | €17,641 | -€37,401 | -68.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.