Battfo: 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.
What changed
Battfo
NACE 46.432, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€103,675
2024 · -€55,200-€48,475
Equity
€4.2m
2024 · €4.3m-€103,675
Cash
€73,067
2024 · €330,773-€257,706
Balance sheet total
€4.6m
2024 · €4.8m-€142,878
Largest movements
Assets
- Cash -€257,706
down €257,706 (-77.9%), from €330,773 to €73,067
mainly Receivables after one year (-€126,288) and Net result for the year (-€103,675)
- Receivables after one year +€126,288
up €126,288 (+3.8%), from €3.3m to €3.5m
Equity and liabilities
- Profit (loss) carried forward -€101,815
down €101,815 (-308.7%), from -€32,977 to -€134,792
Income statement
- Gross operating margin -€39,899
down €39,899 (-56.3%), from €70,807 to €30,909
- Staff costs +€11,156
up €11,156 (+9.8%), from €113,622 to €124,778
- Financial charges -€2,028
down €2,028 (-29.0%), from €6,981 to €4,953
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.
Result 2024
-€55,200
Gross operating margin
-€39,899
Staff costs
-€11,156
Depreciation
-€269
Write-downs
-€691
Other operating charges
+€657
Financial income
+€662
Financial charges
+€2,028
Taxes
+€193
Result 2025
-€103,675
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.
From operations
-€249,777
Investment
€0
Financing
-€7,929
Cash 2024
€330,773
From operations (derived)
-€249,777
Net result for the year
-€103,675
Depreciation
+€18,934
Receivables after one year
-€126,288
Stocks and contracts
+€691
Receivables within one year
-€6,621
Deferred charges and accrued income
-€1,545
Trade debts
+€1,436
Tax, wage and social debts
-€21,669
Accrued charges and deferred income
-€11,040
Financing
-€7,929
Debts after one year
-€8,394
Current portion of long-term debt
+€465
Cash 2025
€73,067
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,783,857 | €4,640,979 | -€142,878 | -3.0% |
| Fixed assets | 21/28 | €632,227 | €613,294 | -€18,934 | -3.0% |
| Tangible fixed assets | 22/27 | €632,227 | €613,294 | -€18,934 | -3.0% |
| Land and buildings | 22 | €632,227 | €613,294 | -€18,934 | -3.0% |
| Current assets | 29/58 | €4,151,630 | €4,027,686 | -€123,944 | -3.0% |
| Amounts receivable after more than one year | 29 | €3,340,772 | €3,467,060 | +€126,288 | +3.8% |
| Other amounts receivable | 291 | €3,340,772 | €3,467,060 | +€126,288 | +3.8% |
| Stocks and contracts in progress | 3 | €691 | - | -€691 | |
| Stocks | 30/36 | €691 | - | -€691 | |
| Amounts receivable within one year | 40/41 | €470,034 | €476,655 | +€6,621 | +1.4% |
| Trade receivables | 40 | €211,203 | €238,710 | +€27,507 | +13.0% |
| Other amounts receivable | 41 | €258,831 | €237,945 | -€20,886 | -8.1% |
| Cash at bank and in hand | 54/58 | €330,773 | €73,067 | -€257,706 | -77.9% |
| Deferred charges and accrued income | 490/1 | €9,360 | €10,904 | +€1,545 | +16.5% |
| Total equity and liabilities | 10/49 | €4,783,857 | €4,640,979 | -€142,878 | -3.0% |
| Equity | 10/15 | €4,349,283 | €4,245,608 | -€103,675 | -2.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,369,860 | €4,368,000 | -€1,860 | 0.0% |
| Distributable reserves | 133 | €4,369,860 | €4,368,000 | -€1,860 | 0.0% |
| Profit (loss) carried forward | 14 | -€32,977 | -€134,792 | -€101,815 | -308.7% |
| Amounts payable | 17/49 | €434,574 | €395,371 | -€39,203 | -9.0% |
| Amounts payable after more than one year | 17 | €150,562 | €142,168 | -€8,394 | -5.6% |
| Financial debts | 170/4 | €97,397 | €91,733 | -€5,664 | -5.8% |
| Other amounts payable | 178/9 | €53,165 | €50,435 | -€2,730 | -5.1% |
| Amounts payable within one year | 42/48 | €272,611 | €252,842 | -€19,769 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €5,419 | €5,883 | +€465 | +8.6% |
| Trade debts | 44 | €210,650 | €212,085 | +€1,436 | +0.7% |
| Suppliers | 440/4 | €210,650 | €212,085 | +€1,436 | +0.7% |
| Taxes, remuneration and social security | 45 | €56,543 | €34,874 | -€21,669 | -38.3% |
| Taxes | 450/3 | €9,950 | €9,370 | -€580 | -5.8% |
| Remuneration and social security | 454/9 | €46,593 | €25,504 | -€21,089 | -45.3% |
| Accrued charges and deferred income | 492/3 | €11,400 | €360 | -€11,040 | -96.8% |
| Remuneration, social security and pensions | 62 | €113,622 | €124,778 | +€11,156 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,665 | €18,934 | +€269 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €691 | +€691 | |
| Other operating charges | 640/8 | €5,776 | €5,120 | -€657 | -11.4% |
| Gross operating margin | 9900 | €70,807 | €30,909 | -€39,899 | -56.3% |
| Operating profit (loss) | 9901 | -€67,256 | -€118,614 | -€51,358 | -76.4% |
| Financial income | 75/76B | €19,230 | €19,893 | +€662 | +3.4% |
| Recurring financial income | 75 | €19,230 | €19,893 | +€662 | +3.4% |
| Financial charges | 65/66B | €6,981 | €4,953 | -€2,028 | -29.0% |
| Recurring financial charges | 65 | €6,981 | €4,953 | -€2,028 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | -€55,007 | -€103,675 | -€48,667 | -88.5% |
| Income taxes | 67/77 | €193 | - | -€193 | |
| Profit (loss) for the period | 9904 | -€55,200 | -€103,675 | -€48,475 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,200 | -€103,675 | -€48,475 | -87.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.