BATTEUX: 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.
BATTEUX
Largest movements
- Tangible fixed assets +€263,639
new in 2025: €263,639
- Stocks and contracts +€91,789
up €91,789 (+95.7%), from €95,926 to €187,715
- Receivables within one year -€41,212
down €41,212 (-96.3%), from €42,800 to €1,587
of which Trade receivables: -€40,728
- Cash +€27,869
up €27,869 (+69.7%), from €39,967 to €67,836
mainly Debts after one year (+€221,172) and Net result for the year (+€78,260)
- Intangible fixed assets -€23,000
down €23,000 (-10.4%), from €220,737 to €197,737
- Debts after one year +€221,172
up €221,172 (+114.6%), from €192,953 to €414,126
- Reserves +€78,260
up €78,260 (+115.5%), from €67,757 to €146,018
- Current portion of long-term debt +€25,061
up €25,061 (+84.2%), from €29,767 to €54,828
- Other debts -€8,152
down €8,152 (-12.8%), from €63,770 to €55,618
- Gross operating margin +€69,130
up €69,130 (+69.1%), from €100,096 to €169,226
- Other operating charges +€33,145
up €33,145 (+8557.1%), from €387 to €33,532
- Depreciation +€16,098
up €16,098 (+173.8%), from €9,263 to €25,361
- Financial charges +€6,629
up €6,629 (+110.0%), from €6,027 to €12,656
- Taxes +€2,830
up €2,830 (+16.6%), from €17,036 to €19,866
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 | €402,538 | €720,796 | +€318,258 | +79.1% |
| Fixed assets | 21/28 | €220,737 | €461,376 | +€240,639 | +109.0% |
| Intangible fixed assets | 21 | €220,737 | €197,737 | -€23,000 | -10.4% |
| Tangible fixed assets | 22/27 | - | €263,639 | +€263,639 | |
| Land and buildings | 22 | - | €263,639 | +€263,639 | |
| Current assets | 29/58 | €181,801 | €259,420 | +€77,619 | +42.7% |
| Stocks and contracts in progress | 3 | €95,926 | €187,715 | +€91,789 | +95.7% |
| Stocks | 30/36 | €95,926 | €187,715 | +€91,789 | +95.7% |
| Amounts receivable within one year | 40/41 | €42,800 | €1,587 | -€41,212 | -96.3% |
| Trade receivables | 40 | €40,728 | €0 | -€40,728 | -100.0% |
| Other amounts receivable | 41 | €2,072 | €1,587 | -€485 | -23.4% |
| Cash at bank and in hand | 54/58 | €39,967 | €67,836 | +€27,869 | +69.7% |
| Deferred charges and accrued income | 490/1 | €3,108 | €2,282 | -€827 | -26.6% |
| Total equity and liabilities | 10/49 | €402,538 | €720,796 | +€318,258 | +79.1% |
| Equity | 10/15 | €72,757 | €151,018 | +€78,260 | +107.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €67,757 | €146,018 | +€78,260 | +115.5% |
| Distributable reserves | 133 | €67,757 | €146,018 | +€78,260 | +115.5% |
| Amounts payable | 17/49 | €329,781 | €569,778 | +€239,998 | +72.8% |
| Amounts payable after more than one year | 17 | €192,953 | €414,126 | +€221,172 | +114.6% |
| Financial debts | 170/4 | €192,953 | €414,126 | +€221,172 | +114.6% |
| Amounts payable within one year | 42/48 | €136,827 | €155,653 | +€18,825 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €29,767 | €54,828 | +€25,061 | +84.2% |
| Trade debts | 44 | €26,255 | €28,171 | +€1,916 | +7.3% |
| Suppliers | 440/4 | €26,255 | €28,171 | +€1,916 | +7.3% |
| Taxes, remuneration and social security | 45 | €17,036 | €17,036 | = | 0.0% |
| Taxes | 450/3 | €17,036 | €17,036 | = | 0.0% |
| Other amounts payable | 47/48 | €63,770 | €55,618 | -€8,152 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,263 | €25,361 | +€16,098 | +173.8% |
| Other operating charges | 640/8 | €387 | €33,532 | +€33,145 | +8557.1% |
| Gross operating margin | 9900 | €100,096 | €169,226 | +€69,130 | +69.1% |
| Operating profit (loss) | 9901 | €90,446 | €110,332 | +€19,886 | +22.0% |
| Financial income | 75/76B | €374 | €450 | +€76 | +20.3% |
| Recurring financial income | 75 | €374 | €450 | +€76 | +20.3% |
| Financial charges | 65/66B | €6,027 | €12,656 | +€6,629 | +110.0% |
| Recurring financial charges | 65 | €6,027 | €12,656 | +€6,629 | +110.0% |
| Profit (loss) for the period before taxes | 9903 | €84,793 | €98,126 | +€13,333 | +15.7% |
| Income taxes | 67/77 | €17,036 | €19,866 | +€2,830 | +16.6% |
| Profit (loss) for the period | 9904 | €67,757 | €78,260 | +€10,503 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,757 | €78,260 | +€10,503 | +15.5% |
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 10 October 2026 via checked.be.