BATONIQUE: 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.
BATONIQUE
Largest movements
- Stocks and contracts +€25,458
up €25,458 (+16.3%), from €156,459 to €181,917
- Cash -€19,857
down €19,857 (-70.5%), from €28,152 to €8,295
mainly Trade debts (-€31,687) and Stocks and contracts (-€25,458)
- Tangible fixed assets -€12,500
down €12,500 (-22.7%), from €55,146 to €42,645
- Receivables within one year +€4,263
up €4,263 (+21.6%), from €19,740 to €24,003
of which Other amounts receivable: +€5,013
- Other debts +€33,524
up €33,524 (+52.6%), from €63,784 to €97,308
- Trade debts -€31,687
down €31,687 (-89.8%), from €35,292 to €3,605
- Profit (loss) carried forward -€7,277
down €7,277 (-51.7%), from €14,077 to €6,800
- Tax, wage and social debts +€2,872
up €2,872 (+34.2%), from €8,396 to €11,268
of which Remuneration and social security: +€3,030
- Staff costs +€16,984
up €16,984 (+803.5%), from €2,114 to €19,098
- Taxes -€5,016
no longer reported in 2025 (was €5,016)
- Financial charges +€4,517
up €4,517 (+48.2%), from €9,366 to €13,883
- Gross operating margin -€3,749
down €3,749 (-8.2%), from €45,637 to €41,888
- Other operating charges -€1,987
down €1,987 (-31.0%), from €6,408 to €4,421
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 | €263,403 | €260,836 | -€2,568 | -1.0% |
| Fixed assets | 21/28 | €55,146 | €42,645 | -€12,500 | -22.7% |
| Tangible fixed assets | 22/27 | €55,146 | €42,645 | -€12,500 | -22.7% |
| Land and buildings | 22 | €17,709 | €15,571 | -€2,138 | -12.1% |
| Furniture and vehicles | 24 | €11,845 | €6,578 | -€5,267 | -44.5% |
| Other tangible fixed assets | 26 | €25,592 | €20,497 | -€5,095 | -19.9% |
| Current assets | 29/58 | €208,258 | €218,190 | +€9,932 | +4.8% |
| Stocks and contracts in progress | 3 | €156,459 | €181,917 | +€25,458 | +16.3% |
| Stocks | 30/36 | €156,459 | €181,917 | +€25,458 | +16.3% |
| Amounts receivable within one year | 40/41 | €19,740 | €24,003 | +€4,263 | +21.6% |
| Trade receivables | 40 | €19,717 | €18,967 | -€750 | -3.8% |
| Other amounts receivable | 41 | €23 | €5,036 | +€5,013 | +21690.5% |
| Cash at bank and in hand | 54/58 | €28,152 | €8,295 | -€19,857 | -70.5% |
| Deferred charges and accrued income | 490/1 | €3,907 | €3,976 | +€68 | +1.7% |
| Total equity and liabilities | 10/49 | €263,403 | €260,836 | -€2,568 | -1.0% |
| Equity | 10/15 | €155,932 | €148,655 | -€7,277 | -4.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €66,855 | €66,855 | = | 0.0% |
| Distributable reserves | 133 | €66,855 | €66,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,077 | €6,800 | -€7,277 | -51.7% |
| Amounts payable | 17/49 | €107,472 | €112,181 | +€4,709 | +4.4% |
| Amounts payable within one year | 42/48 | €107,472 | €112,181 | +€4,709 | +4.4% |
| Trade debts | 44 | €35,292 | €3,605 | -€31,687 | -89.8% |
| Suppliers | 440/4 | €35,292 | €3,605 | -€31,687 | -89.8% |
| Taxes, remuneration and social security | 45 | €8,396 | €11,268 | +€2,872 | +34.2% |
| Taxes | 450/3 | €6,843 | €6,685 | -€158 | -2.3% |
| Remuneration and social security | 454/9 | €1,553 | €4,583 | +€3,030 | +195.1% |
| Other amounts payable | 47/48 | €63,784 | €97,308 | +€33,524 | +52.6% |
| Remuneration, social security and pensions | 62 | €2,114 | €19,098 | +€16,984 | +803.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,875 | €12,500 | -€375 | -2.9% |
| Other operating charges | 640/8 | €6,408 | €4,421 | -€1,987 | -31.0% |
| Gross operating margin | 9900 | €45,637 | €41,888 | -€3,749 | -8.2% |
| Operating profit (loss) | 9901 | €24,240 | €5,870 | -€18,371 | -75.8% |
| Financial income | 75/76B | €615 | €737 | +€122 | +19.8% |
| Recurring financial income | 75 | €615 | €737 | +€122 | +19.8% |
| Financial charges | 65/66B | €9,366 | €13,883 | +€4,517 | +48.2% |
| Recurring financial charges | 65 | €9,366 | €13,883 | +€4,517 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €15,489 | -€7,277 | -€22,766 | |
| Income taxes | 67/77 | €5,016 | - | -€5,016 | |
| Profit (loss) for the period | 9904 | €10,473 | -€7,277 | -€17,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,473 | -€7,277 | -€17,750 |
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 9 October 2026 via checked.be.