BATOR MANAGEMENT: 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.
BATOR MANAGEMENT
Largest movements
- Cash +€35,220
up €35,220 (+39.9%), from €88,239 to €123,458
mainly Depreciation (+€15,994) and Net result for the year (+€14,626)
- Tangible fixed assets -€10,942
down €10,942 (-8.9%), from €123,499 to €112,557
of which Furniture and vehicles: -€7,892
- Receivables within one year -€10,243
down €10,243 (-4.0%), from €254,103 to €243,860
of which Trade receivables: -€20,040
- Reserves +€14,626
up €14,626 (+3.3%), from €445,268 to €459,894
of which Distributable reserves: +€14,626
- Financial income +€12,938
up €12,938 (+150%), from €8,628 to €21,566
- Gross operating margin -€7,337
down €7,337 (-25.6%), from €28,669 to €21,332
- Other operating charges -€2,538
down €2,538 (-63.0%), from €4,032 to €1,494
- Taxes +€1,090
up €1,090 (+16.6%), from €6,569 to €7,659
- Financial charges +€546
up €546 (+21.6%), from €2,532 to €3,078
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 | €735,238 | €750,875 | +€15,637 | +2.1% |
| Fixed assets | 21/28 | €123,499 | €112,557 | -€10,942 | -8.9% |
| Tangible fixed assets | 22/27 | €123,499 | €112,557 | -€10,942 | -8.9% |
| Land and buildings | 22 | €90,750 | €87,700 | -€3,050 | -3.4% |
| Furniture and vehicles | 24 | €32,749 | €24,857 | -€7,892 | -24.1% |
| Current assets | 29/58 | €611,739 | €638,318 | +€26,579 | +4.3% |
| Amounts receivable within one year | 40/41 | €254,103 | €243,860 | -€10,243 | -4.0% |
| Trade receivables | 40 | €21,801 | €1,761 | -€20,040 | -91.9% |
| Other amounts receivable | 41 | €232,301 | €242,099 | +€9,797 | +4.2% |
| Current investments | 50/53 | €268,000 | €268,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,239 | €123,458 | +€35,220 | +39.9% |
| Deferred charges and accrued income | 490/1 | €1,398 | €3,000 | +€1,602 | +115% |
| Total equity and liabilities | 10/49 | €735,238 | €750,875 | +€15,637 | +2.1% |
| Equity | 10/15 | €678,991 | €693,617 | +€14,626 | +2.2% |
| Contributions | 10/11 | €233,723 | €233,723 | = | 0.0% |
| Reserves | 13 | €445,268 | €459,894 | +€14,626 | +3.3% |
| Non-distributable reserves | 130/1 | €24,612 | €24,612 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,612 | €24,612 | = | 0.0% |
| Distributable reserves | 133 | €420,655 | €435,282 | +€14,626 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €56,247 | €57,258 | +€1,011 | +1.8% |
| Amounts payable within one year | 42/48 | €48,651 | €45,936 | -€2,715 | -5.6% |
| Trade debts | 44 | €5,009 | €1,484 | -€3,525 | -70.4% |
| Suppliers | 440/4 | €5,009 | €1,484 | -€3,525 | -70.4% |
| Taxes, remuneration and social security | 45 | €12,016 | €6,820 | -€5,196 | -43.2% |
| Taxes | 450/3 | €12,016 | €4,394 | -€7,622 | -63.4% |
| Remuneration and social security | 454/9 | - | €2,426 | +€2,426 | |
| Other amounts payable | 47/48 | €31,625 | €37,632 | +€6,006 | +19.0% |
| Accrued charges and deferred income | 492/3 | €7,596 | €11,322 | +€3,726 | +49.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,719 | €15,994 | +€275 | +1.8% |
| Other operating charges | 640/8 | €4,032 | €1,494 | -€2,538 | -63.0% |
| Non-recurring operating charges | 66A | - | €46 | +€46 | |
| Gross operating margin | 9900 | €28,669 | €21,332 | -€7,337 | -25.6% |
| Operating profit (loss) | 9901 | €8,918 | €3,798 | -€5,120 | -57.4% |
| Financial income | 75/76B | €8,628 | €21,566 | +€12,938 | +150% |
| Recurring financial income | 75 | €8,628 | €21,566 | +€12,938 | +150% |
| Financial charges | 65/66B | €2,532 | €3,078 | +€546 | +21.6% |
| Recurring financial charges | 65 | €2,532 | €3,078 | +€546 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €15,014 | €22,286 | +€7,272 | +48.4% |
| Income taxes | 67/77 | €6,569 | €7,659 | +€1,090 | +16.6% |
| Profit (loss) for the period | 9904 | €8,444 | €14,626 | +€6,182 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,444 | €14,626 | +€6,182 | +73.2% |
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 15 October 2026 via checked.be.