Battleface Underwriting Services: 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.
Battleface Underwriting Services
Largest movements
- Receivables within one year +€482,069
up €482,069 (+106%), from €453,561 to €935,630
of which Other amounts receivable: +€289,959
- Cash +€22,362
up €22,362 (+15.6%), from €143,140 to €165,502
mainly Other debts (+€377,722) and Net result for the year (+€241,448)
- Other debts +€377,722
up €377,722 (+43.3%), from €872,247 to €1.2m
- Profit (loss) carried forward +€241,448
up €241,448 (+59.4%), from -€406,337 to -€164,889
- Trade debts -€111,591
down €111,591 (-98.7%), from €113,113 to €1,523
- Gross operating margin +€483,463
up €483,463 (+1,118%), from €43,225 to €526,688
- Other operating charges +€150,999
up €150,999 (+272%), from €55,518 to €206,517
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 | €596,701 | €1,101,132 | +€504,431 | +84.5% |
| Current assets | 29/58 | €596,701 | €1,101,132 | +€504,431 | +84.5% |
| Amounts receivable within one year | 40/41 | €453,561 | €935,630 | +€482,069 | +106% |
| Trade receivables | 40 | €89,119 | €281,229 | +€192,110 | +216% |
| Other amounts receivable | 41 | €364,442 | €654,401 | +€289,959 | +79.6% |
| Cash at bank and in hand | 54/58 | €143,140 | €165,502 | +€22,362 | +15.6% |
| Total equity and liabilities | 10/49 | €596,701 | €1,101,132 | +€504,431 | +84.5% |
| Equity | 10/15 | -€396,337 | -€154,889 | +€241,448 | +60.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€406,337 | -€164,889 | +€241,448 | +59.4% |
| Amounts payable | 17/49 | €993,038 | €1,256,021 | +€262,984 | +26.5% |
| Amounts payable within one year | 42/48 | €987,760 | €1,251,492 | +€263,732 | +26.7% |
| Trade debts | 44 | €113,113 | €1,523 | -€111,591 | -98.7% |
| Suppliers | 440/4 | €113,113 | €1,523 | -€111,591 | -98.7% |
| Taxes, remuneration and social security | 45 | €2,399 | €0 | -€2,399 | -100% |
| Remuneration and social security | 454/9 | €2,399 | €0 | -€2,399 | -100% |
| Other amounts payable | 47/48 | €872,247 | €1,249,969 | +€377,722 | +43.3% |
| Accrued charges and deferred income | 492/3 | €5,278 | €4,529 | -€749 | -14.2% |
| Non-recurring operating income | 76A | - | €20 | +€20 | |
| Remuneration, social security and pensions | 62 | €75,755 | €76,325 | +€570 | +0.8% |
| Other operating charges | 640/8 | €55,518 | €206,517 | +€150,999 | +272% |
| Gross operating margin | 9900 | €43,225 | €526,688 | +€483,463 | +1,118% |
| Operating profit (loss) | 9901 | -€88,047 | €243,846 | +€331,893 | |
| Financial income | 75/76B | €933 | €0 | -€933 | -100% |
| Recurring financial income | 75 | €933 | €0 | -€933 | -100% |
| Financial charges | 65/66B | €3,184 | €2,398 | -€785 | -24.7% |
| Recurring financial charges | 65 | €3,184 | €2,398 | -€785 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€90,298 | €241,448 | +€331,746 | |
| Profit (loss) for the period | 9904 | -€90,298 | €241,448 | +€331,746 | |
| Profit (loss) for the period to be appropriated | 9905 | -€90,298 | €241,448 | +€331,746 |
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 25 October 2026 via checked.be.