BATIWELL: 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.
BATIWELL
Largest movements
- Receivables within one year +€161,555
up €161,555 (+478%), from €33,804 to €195,358
of which Trade receivables: +€163,279
- Cash -€27,518
down €27,518 (-50.9%), from €54,106 to €26,589
mainly Receivables within one year (-€161,555) and Other debts (-€4,636)
- Tangible fixed assets -€4,814
down €4,814 (-27.8%), from €17,302 to €12,488
of which Furniture and vehicles: -€4,423
- Trade debts +€95,972
up €95,972 (+248%), from €38,758 to €134,730
- Profit (loss) carried forward +€24,244
up €24,244 (+70.7%), from €34,313 to €58,557
- Accrued charges and deferred income +€20,000
new in 2025: €20,000
- Other debts -€4,636
down €4,636 (-100%), from €4,636 to €0
- Debts after one year -€4,385
down €4,385 (-100%), from €4,385 to €0
- Gross operating margin -€38,146
down €38,146 (-47.1%), from €80,952 to €42,807
- Taxes -€6,872
down €6,872 (-49.1%), from €13,985 to €7,113
- Staff costs +€1,356
new in 2025: €1,356
- Financial charges -€1,011
down €1,011 (-32.6%), from €3,104 to €2,093
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 | €110,978 | €240,045 | +€129,067 | +116% |
| Fixed assets | 21/28 | €19,019 | €14,205 | -€4,814 | -25.3% |
| Tangible fixed assets | 22/27 | €17,302 | €12,488 | -€4,814 | -27.8% |
| Plant, machinery and equipment | 23 | €1,441 | €1,051 | -€391 | -27.1% |
| Furniture and vehicles | 24 | €15,860 | €11,437 | -€4,423 | -27.9% |
| Financial fixed assets | 28 | €1,717 | €1,717 | = | 0.0% |
| Current assets | 29/58 | €91,959 | €225,841 | +€133,882 | +146% |
| Stocks and contracts in progress | 3 | €1,066 | €1,066 | = | 0.0% |
| Stocks | 30/36 | €1,066 | €1,066 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,804 | €195,358 | +€161,555 | +478% |
| Trade receivables | 40 | €29,461 | €192,740 | +€163,279 | +554% |
| Other amounts receivable | 41 | €4,343 | €2,618 | -€1,724 | -39.7% |
| Cash at bank and in hand | 54/58 | €54,106 | €26,589 | -€27,518 | -50.9% |
| Deferred charges and accrued income | 490/1 | €2,983 | €2,828 | -€156 | -5.2% |
| Total equity and liabilities | 10/49 | €110,978 | €240,045 | +€129,067 | +116% |
| Equity | 10/15 | €42,573 | €66,817 | +€24,244 | +56.9% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,313 | €58,557 | +€24,244 | +70.7% |
| Amounts payable | 17/49 | €68,404 | €173,228 | +€104,824 | +153% |
| Amounts payable after more than one year | 17 | €4,385 | €0 | -€4,385 | -100% |
| Financial debts | 170/4 | €4,385 | €0 | -€4,385 | -100% |
| Amounts payable within one year | 42/48 | €64,019 | €153,228 | +€89,209 | +139% |
| Current portion of amounts payable after more than one year | 42 | €6,577 | €4,385 | -€2,192 | -33.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €38,758 | €134,730 | +€95,972 | +248% |
| Suppliers | 440/4 | €38,758 | €134,730 | +€95,972 | +248% |
| Taxes, remuneration and social security | 45 | €14,048 | €14,113 | +€65 | +0.5% |
| Taxes | 450/3 | €11,382 | €9,616 | -€1,766 | -15.5% |
| Remuneration and social security | 454/9 | €2,666 | €4,497 | +€1,831 | +68.7% |
| Other amounts payable | 47/48 | €4,636 | €0 | -€4,636 | -100% |
| Accrued charges and deferred income | 492/3 | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | - | €1,356 | +€1,356 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,424 | €6,861 | +€437 | +6.8% |
| Other operating charges | 640/8 | €1,328 | €1,141 | -€188 | -14.1% |
| Gross operating margin | 9900 | €80,952 | €42,807 | -€38,146 | -47.1% |
| Operating profit (loss) | 9901 | €73,200 | €33,448 | -€39,752 | -54.3% |
| Financial income | 75/76B | €103 | €1 | -€102 | -99.0% |
| Recurring financial income | 75 | €103 | €1 | -€102 | -99.0% |
| Financial charges | 65/66B | €3,104 | €2,093 | -€1,011 | -32.6% |
| Recurring financial charges | 65 | €3,104 | €2,093 | -€1,011 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €70,199 | €31,357 | -€38,843 | -55.3% |
| Income taxes | 67/77 | €13,985 | €7,113 | -€6,872 | -49.1% |
| Profit (loss) for the period | 9904 | €56,214 | €24,244 | -€31,971 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,214 | €24,244 | -€31,971 | -56.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.