BATO: 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.
What changed
BATO
NACE 41.001, General construction of residential buildings
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€121,622
2024 · €11,294+€110,328
Equity
€1.3m
2024 · €1.2m+€106,672
Cash
€302,687
2024 · €352,320-€49,632
Balance sheet total
€6.3m
2024 · €4.8m+€1.4m
Largest movements
Assets
- Stocks and contracts +€1.4m
up €1.4m (+41.6%), from €3.3m to €4.7m
of which Stocks: +€707,951
- Receivables within one year +€79,095
up €79,095 (+37.3%), from €212,322 to €291,417
of which Trade receivables: +€120,068
Equity and liabilities
- Trade debts +€806,176
up €806,176 (+176.7%), from €456,196 to €1.3m
- Other debts +€333,800
up €333,800 (+36.3%), from €918,893 to €1.3m
- Short-term financial debts +€263,964
up €263,964 (+17.3%), from €1.5m to €1.8m
- Profit (loss) carried forward +€106,672
up €106,672 (+931.5%), from €11,452 to €118,124
Income statement
- Gross operating margin +€341,290
up €341,290 (+24.1%), from €1.4m to €1.8m
- Staff costs +€156,097
up €156,097 (+13.8%), from €1.1m to €1.3m
- Taxes +€60,065
up €60,065 (+721.3%), from €8,328 to €68,393
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.
Result 2024
€11,294
Gross operating margin
+€341,290
Staff costs
-€156,097
Depreciation
-€9,529
Other operating charges
+€9,497
Financial income
-€8,789
Financial charges
-€5,980
Taxes
-€60,065
Result 2025
€121,622
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.
From operations
-€133,453
Investment
-€113,363
Financing
+€197,183
Cash 2024
€352,320
From operations (derived)
-€133,453
Net result for the year
+€121,622
Depreciation
+€103,634
Stocks and contracts
-€1.4m
Receivables within one year
-€79,095
Deferred charges and accrued income
-€5,917
Trade debts
+€806,176
Tax, wage and social debts
-€26,412
Other debts
+€333,800
Accrued charges and deferred income
+€5,106
Investment (derived)
-€113,363
Investment in fixed assets (net)
-€113,363
Financing
+€197,183
Debts after one year
-€25,402
Current portion of long-term debt
-€26,429
Short-term financial debts
+€263,964
Contributions, distributions and other
-€14,950
Cash 2025
€302,687
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,826,400 | €6,263,876 | +€1.4m | +29.8% |
| Fixed assets | 21/28 | €868,099 | €877,828 | +€9,729 | +1.1% |
| Intangible fixed assets | 21 | €66,815 | €51,284 | -€15,531 | -23.2% |
| Tangible fixed assets | 22/27 | €691,437 | €717,647 | +€26,210 | +3.8% |
| Land and buildings | 22 | €592,291 | €559,404 | -€32,886 | -5.6% |
| Plant, machinery and equipment | 23 | €43,558 | €127,499 | +€83,941 | +192.7% |
| Furniture and vehicles | 24 | €55,589 | €30,744 | -€24,845 | -44.7% |
| Financial fixed assets | 28 | €109,848 | €108,898 | -€950 | -0.9% |
| Current assets | 29/58 | €3,958,301 | €5,386,048 | +€1.4m | +36.1% |
| Stocks and contracts in progress | 3 | €3,348,299 | €4,740,667 | +€1.4m | +41.6% |
| Stocks | 30/36 | €83,827 | €791,778 | +€707,951 | +844.5% |
| Contracts in progress | 37 | €3,264,472 | €3,948,889 | +€684,417 | +21.0% |
| Amounts receivable within one year | 40/41 | €212,322 | €291,417 | +€79,095 | +37.3% |
| Trade receivables | 40 | €155,259 | €275,327 | +€120,068 | +77.3% |
| Other amounts receivable | 41 | €57,063 | €16,090 | -€40,973 | -71.8% |
| Cash at bank and in hand | 54/58 | €352,320 | €302,687 | -€49,632 | -14.1% |
| Deferred charges and accrued income | 490/1 | €45,360 | €51,277 | +€5,917 | +13.0% |
| Total equity and liabilities | 10/49 | €4,826,400 | €6,263,876 | +€1.4m | +29.8% |
| Equity | 10/15 | €1,203,427 | €1,310,099 | +€106,672 | +8.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,041,974 | €1,041,974 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,229 | €32,229 | = | 0.0% |
| Distributable reserves | 133 | €994,745 | €994,745 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,452 | €118,124 | +€106,672 | +931.5% |
| Amounts payable | 17/49 | €3,622,973 | €4,953,778 | +€1.3m | +36.7% |
| Amounts payable after more than one year | 17 | €309,009 | €283,607 | -€25,402 | -8.2% |
| Financial debts | 170/4 | €309,009 | €283,607 | -€25,402 | -8.2% |
| Amounts payable within one year | 42/48 | €3,251,709 | €4,602,809 | +€1.4m | +41.6% |
| Current portion of amounts payable after more than one year | 42 | €101,305 | €74,876 | -€26,429 | -26.1% |
| Financial debts | 43 | €1,526,048 | €1,790,012 | +€263,964 | +17.3% |
| Credit institutions | 430/8 | €1,526,048 | €1,790,012 | +€263,964 | +17.3% |
| Trade debts | 44 | €456,196 | €1,262,373 | +€806,176 | +176.7% |
| Suppliers | 440/4 | €456,196 | €1,262,373 | +€806,176 | +176.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €249,267 | €222,855 | -€26,412 | -10.6% |
| Taxes | 450/3 | €196,161 | €94,393 | -€101,768 | -51.9% |
| Remuneration and social security | 454/9 | €53,105 | €128,461 | +€75,356 | +141.9% |
| Other amounts payable | 47/48 | €918,893 | €1,252,694 | +€333,800 | +36.3% |
| Accrued charges and deferred income | 492/3 | €62,255 | €67,362 | +€5,106 | +8.2% |
| Non-recurring operating income | 76A | €0 | €11,187 | +€11,187 | |
| Remuneration, social security and pensions | 62 | €1,134,469 | €1,290,566 | +€156,097 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,105 | €103,634 | +€9,529 | +10.1% |
| Other operating charges | 640/8 | €24,670 | €15,173 | -€9,497 | -38.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,415,461 | €1,756,752 | +€341,290 | +24.1% |
| Operating profit (loss) | 9901 | €162,217 | €347,379 | +€185,162 | +114.1% |
| Financial income | 75/76B | €10,601 | €1,812 | -€8,789 | -82.9% |
| Recurring financial income | 75 | €10,601 | €1,812 | -€8,789 | -82.9% |
| Financial charges | 65/66B | €153,196 | €159,176 | +€5,980 | +3.9% |
| Recurring financial charges | 65 | €153,196 | €159,176 | +€5,980 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €19,622 | €190,015 | +€170,393 | +868.4% |
| Income taxes | 67/77 | €8,328 | €68,393 | +€60,065 | +721.3% |
| Profit (loss) for the period | 9904 | €11,294 | €121,622 | +€110,328 | +976.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,294 | €121,622 | +€110,328 | +976.9% |
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.