BATTEAUW: 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.
BATTEAUW
Largest movements
- Cash -€261,297
down €261,297 (-59.9%), from €436,140 to €174,843
mainly Tax, wage and social debts (-€287,252) and Receivables within one year (-€17,402)
- Tangible fixed assets -€42,104
down €42,104 (-10.8%), from €389,898 to €347,794
of which Land and buildings: -€31,088
- Tax, wage and social debts -€287,252
down €287,252 (-95.9%), from €299,526 to €12,273
of which Taxes: -€286,915
- Gross operating margin +€90,558
up €90,558, from -€10,049 to €80,509
- Depreciation -€11,359
down €11,359 (-37.3%), from €30,453 to €19,094
- Staff costs -€6,484
down €6,484 (-10.7%), from €60,623 to €54,139
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 | €2,041,353 | €1,755,960 | -€285,393 | -14.0% |
| Fixed assets | 21/28 | €389,898 | €347,794 | -€42,104 | -10.8% |
| Tangible fixed assets | 22/27 | €389,898 | €347,794 | -€42,104 | -10.8% |
| Land and buildings | 22 | €377,029 | €345,941 | -€31,088 | -8.2% |
| Furniture and vehicles | 24 | €12,869 | €1,853 | -€11,016 | -85.6% |
| Current assets | 29/58 | €1,651,455 | €1,408,166 | -€243,289 | -14.7% |
| Stocks and contracts in progress | 3 | €962,301 | €962,301 | = | 0.0% |
| Contracts in progress | 37 | €962,301 | €962,301 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €250,787 | €268,189 | +€17,402 | +6.9% |
| Trade receivables | 40 | €250,787 | €253,762 | +€2,975 | +1.2% |
| Other amounts receivable | 41 | €0 | €14,427 | +€14,427 | |
| Cash at bank and in hand | 54/58 | €436,140 | €174,843 | -€261,297 | -59.9% |
| Deferred charges and accrued income | 490/1 | €2,227 | €2,833 | +€607 | +27.3% |
| Total equity and liabilities | 10/49 | €2,041,353 | €1,755,960 | -€285,393 | -14.0% |
| Equity | 10/15 | €1,736,398 | €1,737,708 | +€1,310 | +0.1% |
| Contributions | 10/11 | €503,950 | €503,950 | = | 0.0% |
| Reserves | 13 | €50,395 | €50,395 | = | 0.0% |
| Distributable reserves | 133 | €50,395 | €50,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,182,053 | €1,183,363 | +€1,310 | +0.1% |
| Amounts payable | 17/49 | €304,954 | €18,252 | -€286,703 | -94.0% |
| Amounts payable after more than one year | 17 | €1,691 | €1,181 | -€510 | -30.2% |
| Other amounts payable | 178/9 | €1,691 | €1,181 | -€510 | -30.2% |
| Amounts payable within one year | 42/48 | €303,264 | €17,067 | -€286,197 | -94.4% |
| Trade debts | 44 | €3,738 | €4,794 | +€1,055 | +28.2% |
| Suppliers | 440/4 | €3,738 | €4,794 | +€1,055 | +28.2% |
| Taxes, remuneration and social security | 45 | €299,526 | €12,273 | -€287,252 | -95.9% |
| Taxes | 450/3 | €290,628 | €3,713 | -€286,915 | -98.7% |
| Remuneration and social security | 454/9 | €8,897 | €8,560 | -€337 | -3.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Non-recurring operating income | 76A | €0 | €97,618 | +€97,618 | |
| Remuneration, social security and pensions | 62 | €60,623 | €54,139 | -€6,484 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,453 | €19,094 | -€11,359 | -37.3% |
| Other operating charges | 640/8 | €4,723 | €4,603 | -€119 | -2.5% |
| Gross operating margin | 9900 | -€10,049 | €80,509 | +€90,558 | |
| Operating profit (loss) | 9901 | -€105,847 | €2,673 | +€108,520 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €819 | €790 | -€30 | -3.6% |
| Recurring financial charges | 65 | €819 | €790 | -€30 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€106,666 | €1,883 | +€108,549 | |
| Income taxes | 67/77 | €679 | €573 | -€105 | -15.5% |
| Profit (loss) for the period | 9904 | -€107,345 | €1,310 | +€108,655 | |
| Profit (loss) for the period to be appropriated | 9905 | -€107,345 | €1,310 | +€108,655 |
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 26 October 2026 via checked.be.