Batman & Robin: 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.
Batman & Robin
Largest movements
- Receivables after one year -€90,000
no longer reported in 2025 (was €90,000)
- Receivables within one year -€82,366
down €82,366 (-39.5%), from €208,721 to €126,355
of which Other amounts receivable: -€75,617
- Cash -€53,989
down €53,989 (-48.2%), from €112,069 to €58,080
mainly Contributions, distributions and other (-€333,807) and Investment in fixed assets (net) (-€83,573)
- Tangible fixed assets +€41,833
up €41,833 (+12.0%), from €349,183 to €391,016
of which Plant, machinery and equipment: +€47,375
- Reserves -€176,240
down €176,240 (-32.2%), from €547,417 to €371,178
of which Distributable reserves: -€176,240
- Debts after one year -€23,059
down €23,059 (-20.1%), from €114,885 to €91,825
- Gross operating margin -€47,299
down €47,299 (-14.1%), from €335,806 to €288,507
- Depreciation +€23,855
up €23,855 (+133.4%), from €17,885 to €41,740
- Write-downs -€20,000
down €20,000, from €10,000 to -€10,000
- Financial charges +€19,232
up €19,232 (+151.0%), from €12,735 to €31,967
- Other operating charges +€9,940
up €9,940 (+1475.1%), from €674 to €10,614
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 | €766,105 | €576,507 | -€189,598 | -24.7% |
| Fixed assets | 21/28 | €349,183 | €391,016 | +€41,833 | +12.0% |
| Tangible fixed assets | 22/27 | €349,183 | €391,016 | +€41,833 | +12.0% |
| Land and buildings | 22 | €24,200 | €24,200 | = | 0.0% |
| Plant, machinery and equipment | 23 | €262,955 | €310,329 | +€47,375 | +18.0% |
| Furniture and vehicles | 24 | €62,028 | €56,486 | -€5,542 | -8.9% |
| Current assets | 29/58 | €416,922 | €185,491 | -€231,431 | -55.5% |
| Amounts receivable after more than one year | 29 | €90,000 | - | -€90,000 | |
| Other amounts receivable | 291 | €90,000 | - | -€90,000 | |
| Amounts receivable within one year | 40/41 | €208,721 | €126,355 | -€82,366 | -39.5% |
| Trade receivables | 40 | €90,047 | €83,298 | -€6,749 | -7.5% |
| Other amounts receivable | 41 | €118,674 | €43,057 | -€75,617 | -63.7% |
| Cash at bank and in hand | 54/58 | €112,069 | €58,080 | -€53,989 | -48.2% |
| Deferred charges and accrued income | 490/1 | €6,132 | €1,057 | -€5,076 | -82.8% |
| Total equity and liabilities | 10/49 | €766,105 | €576,507 | -€189,598 | -24.7% |
| Equity | 10/15 | €553,417 | €377,178 | -€176,240 | -31.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €547,417 | €371,178 | -€176,240 | -32.2% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Distributable reserves | 133 | €546,817 | €370,578 | -€176,240 | -32.2% |
| Amounts payable | 17/49 | €212,687 | €199,329 | -€13,359 | -6.3% |
| Amounts payable after more than one year | 17 | €114,885 | €91,825 | -€23,059 | -20.1% |
| Financial debts | 170/4 | €114,885 | €91,825 | -€23,059 | -20.1% |
| Amounts payable within one year | 42/48 | €97,802 | €107,503 | +€9,701 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €61,514 | €64,893 | +€3,379 | +5.5% |
| Trade debts | 44 | €36,288 | €42,539 | +€6,251 | +17.2% |
| Suppliers | 440/4 | €36,288 | €42,539 | +€6,251 | +17.2% |
| Taxes, remuneration and social security | 45 | - | €71 | +€71 | |
| Taxes | 450/3 | - | €71 | +€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,885 | €41,740 | +€23,855 | +133.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,000 | -€10,000 | -€20,000 | |
| Other operating charges | 640/8 | €674 | €10,614 | +€9,940 | +1475.1% |
| Gross operating margin | 9900 | €335,806 | €288,507 | -€47,299 | -14.1% |
| Operating profit (loss) | 9901 | €307,247 | €246,153 | -€61,094 | -19.9% |
| Financial income | 75/76B | €21,837 | €19,595 | -€2,243 | -10.3% |
| Recurring financial income | 75 | €21,837 | €19,595 | -€2,243 | -10.3% |
| Financial charges | 65/66B | €12,735 | €31,967 | +€19,232 | +151.0% |
| Recurring financial charges | 65 | €12,735 | €31,967 | +€19,232 | +151.0% |
| Profit (loss) for the period before taxes | 9903 | €316,350 | €233,781 | -€82,569 | -26.1% |
| Income taxes | 67/77 | €77,430 | €76,213 | -€1,218 | -1.6% |
| Profit (loss) for the period | 9904 | €238,919 | €157,568 | -€81,351 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €238,919 | €157,568 | -€81,351 | -34.0% |
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 10 October 2026 via checked.be.