BATRACO: what changed
Two fiscal 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.
BATRACO
Largest movements
- Receivables within one year -€646,286
down €646,286 (-54.1%), from €1.2m to €548,655
of which Trade receivables: -€371,598
- Receivables after one year +€352,393
new in 2025: €352,393
- Tangible fixed assets -€81,166
down €81,166 (-19.6%), from €415,052 to €333,886
- Cash +€56,964
up €56,964 (+118.5%), from €48,063 to €105,027
mainly Receivables within one year (+€646,286) and Tax, wage and social debts (+€200,860)
- Deferred charges and accrued income +€40,883
up €40,883, from €0 to €40,883
- Trade debts -€508,267
down €508,267 (-94.2%), from €539,614 to €31,348
- Tax, wage and social debts +€200,860
up €200,860 (+156.9%), from €127,995 to €328,856
of which Remuneration and social security: +€214,399
- Debts after one year -€96,314
down €96,314 (-14.7%), from €656,621 to €560,307
- Current portion of long-term debt +€42,835
up €42,835 (+408.4%), from €10,489 to €53,324
- Profit (loss) carried forward +€31,031
up €31,031 (+19.5%), from €159,517 to €190,548
- Gross operating margin +€84,875
up €84,875 (+6.2%), from €1.4m to €1.5m
- Staff costs -€75,876
down €75,876 (-6.1%), from €1.2m to €1.2m
- Financial charges +€58,303
up €58,303 (+154.3%), from €37,797 to €96,100
of which Financial charges: +€58,303
- Depreciation +€38,615
up €38,615 (+49.4%), from €78,197 to €116,812
- Taxes -€18,884
down €18,884 (-51.8%), from €36,433 to €17,549
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 | €1,675,641 | €1,393,170 | -€282,471 | -16.9% |
| Fixed assets | 21/28 | €432,637 | €346,212 | -€86,425 | -20.0% |
| Intangible fixed assets | 21 | €3,694 | €2,436 | -€1,259 | -34.1% |
| Tangible fixed assets | 22/27 | €415,052 | €333,886 | -€81,166 | -19.6% |
| Land and buildings | 22 | €76,531 | €61,645 | -€14,886 | -19.5% |
| Plant, machinery and equipment | 23 | €39,310 | €24,976 | -€14,334 | -36.5% |
| Furniture and vehicles | 24 | €100,477 | €81,317 | -€19,160 | -19.1% |
| Leasing and similar rights | 25 | €198,735 | €165,948 | -€32,787 | -16.5% |
| Financial fixed assets | 28 | €13,890 | €9,890 | -€4,000 | -28.8% |
| Current assets | 29/58 | €1,243,004 | €1,046,958 | -€196,046 | -15.8% |
| Amounts receivable after more than one year | 29 | - | €352,393 | +€352,393 | |
| Trade receivables | 290 | - | €352,393 | +€352,393 | |
| Amounts receivable within one year | 40/41 | €1,194,941 | €548,655 | -€646,286 | -54.1% |
| Trade receivables | 40 | €905,971 | €534,372 | -€371,598 | -41.0% |
| Other amounts receivable | 41 | €288,970 | €14,282 | -€274,687 | -95.1% |
| Cash at bank and in hand | 54/58 | €48,063 | €105,027 | +€56,964 | +118.5% |
| Deferred charges and accrued income | 490/1 | €0 | €40,883 | +€40,883 | |
| Total equity and liabilities | 10/49 | €1,675,641 | €1,393,170 | -€282,471 | -16.9% |
| Equity | 10/15 | €331,123 | €362,154 | +€31,031 | +9.4% |
| Contributions | 10/11 | €31,796 | €31,796 | = | 0.0% |
| Reserves | 13 | €139,810 | €139,810 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €139,810 | €139,810 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,517 | €190,548 | +€31,031 | +19.5% |
| Amounts payable | 17/49 | €1,344,518 | €1,031,016 | -€313,502 | -23.3% |
| Amounts payable after more than one year | 17 | €656,621 | €560,307 | -€96,314 | -14.7% |
| Financial debts | 170/4 | €656,621 | €560,307 | -€96,314 | -14.7% |
| Amounts payable within one year | 42/48 | €682,261 | €438,224 | -€244,037 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €10,489 | €53,324 | +€42,835 | +408.4% |
| Trade debts | 44 | €539,614 | €31,348 | -€508,267 | -94.2% |
| Suppliers | 440/4 | €539,614 | €31,348 | -€508,267 | -94.2% |
| Taxes, remuneration and social security | 45 | €127,995 | €328,856 | +€200,860 | +156.9% |
| Taxes | 450/3 | €25,347 | €11,809 | -€13,538 | -53.4% |
| Remuneration and social security | 454/9 | €102,648 | €317,047 | +€214,399 | +208.9% |
| Other amounts payable | 47/48 | €4,162 | €24,697 | +€20,535 | +493.3% |
| Accrued charges and deferred income | 492/3 | €5,635 | €32,485 | +€26,850 | +476.5% |
| Remuneration, social security and pensions | 62 | €1,245,124 | €1,169,248 | -€75,876 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,197 | €116,812 | +€38,615 | +49.4% |
| Other operating charges | 640/8 | €26,319 | €19,814 | -€6,505 | -24.7% |
| Non-recurring operating charges | 66A | €4,212 | €2,250 | -€1,962 | -46.6% |
| Gross operating margin | 9900 | €1,367,896 | €1,452,771 | +€84,875 | +6.2% |
| Operating profit (loss) | 9901 | €14,044 | €144,647 | +€130,603 | +929.9% |
| Financial income | 75/76B | €1,847 | €33 | -€1,814 | -98.2% |
| Recurring financial income | 75 | €1,847 | €33 | -€1,814 | -98.2% |
| Financial charges | 65/66B | €37,797 | €96,100 | +€58,303 | +154.3% |
| Recurring financial charges | 65 | €37,797 | €96,100 | +€58,303 | +154.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€21,906 | €48,580 | +€70,486 | |
| Income taxes | 67/77 | €36,433 | €17,549 | -€18,884 | -51.8% |
| Profit (loss) for the period | 9904 | -€58,340 | €31,031 | +€89,370 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,340 | €31,031 | +€89,370 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.