BATMAG: 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.
BATMAG
Largest movements
- Tangible fixed assets -€11,657
down €11,657 (-6.4%), from €181,449 to €169,792
of which Land and buildings: -€10,525
- Cash -€9,332
down €9,332 (-20.8%), from €44,873 to €35,541
mainly Net result for the year (-€28,142) and Current portion of long-term debt (-€616)
- Financial fixed assets -€4,535
down €4,535 (-94.8%), from €4,785 to €250
- Profit (loss) carried forward -€28,142
down €28,142, from €3,861 to -€24,281
- Gross operating margin +€10,350
up €10,350 (+52.3%), from -€19,804 to -€9,454
- Other operating charges +€4,034
up €4,034 (+129.6%), from €3,112 to €7,146
- Financial charges -€534
down €534 (-64.5%), from €828 to €294
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 | €237,165 | €209,741 | -€27,424 | -11.6% |
| Fixed assets | 21/28 | €186,234 | €170,042 | -€16,192 | -8.7% |
| Tangible fixed assets | 22/27 | €181,449 | €169,792 | -€11,657 | -6.4% |
| Land and buildings | 22 | €177,634 | €167,109 | -€10,525 | -5.9% |
| Plant, machinery and equipment | 23 | €3,453 | €2,683 | -€770 | -22.3% |
| Furniture and vehicles | 24 | €362 | - | -€362 | |
| Financial fixed assets | 28 | €4,785 | €250 | -€4,535 | -94.8% |
| Current assets | 29/58 | €50,931 | €39,699 | -€11,232 | -22.1% |
| Amounts receivable within one year | 40/41 | €5,358 | €3,458 | -€1,900 | -35.5% |
| Other amounts receivable | 41 | €5,358 | €3,458 | -€1,900 | -35.5% |
| Cash at bank and in hand | 54/58 | €44,873 | €35,541 | -€9,332 | -20.8% |
| Deferred charges and accrued income | 490/1 | €700 | €700 | = | 0.0% |
| Total equity and liabilities | 10/49 | €237,165 | €209,741 | -€27,424 | -11.6% |
| Equity | 10/15 | €235,321 | €207,179 | -€28,142 | -12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €212,860 | €212,860 | = | 0.0% |
| Distributable reserves | 133 | €212,860 | €212,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,861 | -€24,281 | -€28,142 | |
| Amounts payable | 17/49 | €1,844 | €2,562 | +€718 | +38.9% |
| Amounts payable within one year | 42/48 | €1,844 | €2,562 | +€718 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €616 | - | -€616 | |
| Trade debts | 44 | €1,228 | €2,562 | +€1,334 | +108.6% |
| Suppliers | 440/4 | €1,228 | €2,562 | +€1,334 | +108.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,824 | €11,656 | -€168 | -1.4% |
| Other operating charges | 640/8 | €3,112 | €7,146 | +€4,034 | +129.6% |
| Gross operating margin | 9900 | -€19,804 | -€9,454 | +€10,350 | +52.3% |
| Operating profit (loss) | 9901 | -€34,740 | -€28,256 | +€6,484 | +18.7% |
| Financial income | 75/76B | €391 | €408 | +€17 | +4.3% |
| Recurring financial income | 75 | €391 | €408 | +€17 | +4.3% |
| Financial charges | 65/66B | €828 | €294 | -€534 | -64.5% |
| Recurring financial charges | 65 | €828 | €294 | -€534 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | -€35,177 | -€28,142 | +€7,035 | +20.0% |
| Profit (loss) for the period | 9904 | -€35,177 | -€28,142 | +€7,035 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,177 | -€28,142 | +€7,035 | +20.0% |
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 4 October 2026 via checked.be.