Batoet: 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.
Batoet
Largest movements
- Receivables within one year +€30,669
up €30,669 (+611%), from €5,022 to €35,691
of which Trade receivables: +€27,553
- Tangible fixed assets -€22,123
down €22,123 (-4.3%), from €510,599 to €488,475
of which Land and buildings: -€20,755
- Cash +€8,809
up €8,809 (+34.9%), from €25,237 to €34,046
mainly Depreciation (+€29,302) and Net result for the year (+€15,377)
- Debts after one year -€21,288
down €21,288 (-5.0%), from €424,130 to €402,842
of which Financial debts: -€23,124
- Profit (loss) carried forward +€15,377
up €15,377, from -€7,401 to €7,976
- Trade debts +€14,134
up €14,134 (+667%), from €2,120 to €16,254
- Gross operating margin +€31,215
up €31,215 (+134%), from €23,282 to €54,496
- Depreciation +€3,845
up €3,845 (+15.1%), from €25,457 to €29,302
- Financial charges -€1,541
down €1,541 (-20.0%), from €7,718 to €6,176
- Taxes +€761
up €761 (+594%), from €128 to €889
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 | €547,211 | €562,264 | +€15,052 | +2.8% |
| Fixed assets | 21/28 | €512,091 | €488,475 | -€23,616 | -4.6% |
| Tangible fixed assets | 22/27 | €510,599 | €488,475 | -€22,123 | -4.3% |
| Land and buildings | 22 | €485,221 | €464,465 | -€20,755 | -4.3% |
| Plant, machinery and equipment | 23 | €22,852 | €22,091 | -€761 | -3.3% |
| Furniture and vehicles | 24 | €2,526 | €1,919 | -€608 | -24.0% |
| Financial fixed assets | 28 | €1,493 | €0 | -€1,493 | -100% |
| Current assets | 29/58 | €35,120 | €73,788 | +€38,668 | +110% |
| Stocks and contracts in progress | 3 | €1,750 | €1,750 | = | 0.0% |
| Stocks | 30/36 | €1,750 | €1,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,022 | €35,691 | +€30,669 | +611% |
| Trade receivables | 40 | €3,649 | €31,203 | +€27,553 | +755% |
| Other amounts receivable | 41 | €1,373 | €4,488 | +€3,116 | +227% |
| Current investments | 50/53 | - | €405 | +€405 | |
| Cash at bank and in hand | 54/58 | €25,237 | €34,046 | +€8,809 | +34.9% |
| Deferred charges and accrued income | 490/1 | €3,111 | €1,896 | -€1,215 | -39.0% |
| Total equity and liabilities | 10/49 | €547,211 | €562,264 | +€15,052 | +2.8% |
| Equity | 10/15 | -€2,401 | €12,976 | +€15,377 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,401 | €7,976 | +€15,377 | |
| Amounts payable | 17/49 | €549,612 | €549,288 | -€324 | -0.1% |
| Amounts payable after more than one year | 17 | €424,130 | €402,842 | -€21,288 | -5.0% |
| Financial debts | 170/4 | €424,130 | €401,006 | -€23,124 | -5.5% |
| Other amounts payable | 178/9 | - | €1,836 | +€1,836 | |
| Amounts payable within one year | 42/48 | €123,512 | €144,580 | +€21,068 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €24,444 | €24,870 | +€426 | +1.7% |
| Financial debts | 43 | - | €63 | +€63 | |
| Credit institutions | 430/8 | - | €63 | +€63 | |
| Trade debts | 44 | €2,120 | €16,254 | +€14,134 | +667% |
| Suppliers | 440/4 | €2,120 | €16,254 | +€14,134 | +667% |
| Taxes, remuneration and social security | 45 | €2,112 | €5,542 | +€3,430 | +162% |
| Taxes | 450/3 | €2,112 | €5,542 | +€3,430 | +162% |
| Other amounts payable | 47/48 | €94,836 | €97,851 | +€3,015 | +3.2% |
| Accrued charges and deferred income | 492/3 | €1,970 | €1,866 | -€104 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,457 | €29,302 | +€3,845 | +15.1% |
| Other operating charges | 640/8 | €2,552 | €2,772 | +€221 | +8.6% |
| Gross operating margin | 9900 | €23,282 | €54,496 | +€31,215 | +134% |
| Operating profit (loss) | 9901 | -€4,727 | €22,422 | +€27,149 | |
| Financial income | 75/76B | €3 | €19 | +€17 | +580% |
| Recurring financial income | 75 | €3 | €19 | +€17 | +580% |
| Financial charges | 65/66B | €7,718 | €6,176 | -€1,541 | -20.0% |
| Recurring financial charges | 65 | €7,718 | €6,176 | -€1,541 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,442 | €16,265 | +€28,707 | |
| Income taxes | 67/77 | €128 | €889 | +€761 | +594% |
| Profit (loss) for the period | 9904 | -€12,570 | €15,377 | +€27,946 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,570 | €15,377 | +€27,946 |
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 16 October 2026 via checked.be.