BATTLEFLAIR: 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.
BATTLEFLAIR
Largest movements
- Current investments -€35,304
no longer reported in 2025 (was €35,304)
- Stocks and contracts -€18,908
down €18,908 (-21.6%), from €87,500 to €68,592
- Cash +€11,532
new in 2025: €11,532
mainly Current investments (+€35,304) and Stocks and contracts (+€18,908)
- Tangible fixed assets -€4,392
down €4,392 (-49.6%), from €8,855 to €4,463
of which Furniture and vehicles: -€2,461
- Receivables within one year +€1,490
up €1,490 (+15.0%), from €9,925 to €11,415
of which Trade receivables: +€1,490
- Profit (loss) carried forward -€33,327
down €33,327 (-42.1%), from €79,227 to €45,900
- Debts after one year -€5,484
down €5,484 (-40.2%), from €13,652 to €8,168
- Short-term financial debts -€4,970
no longer reported in 2025 (was €4,970)
- Trade debts -€2,833
down €2,833 (-41.3%), from €6,854 to €4,021
- Turnover -€38,333
down €38,333 (-25.3%), from €151,452 to €113,119
- Gross operating margin -€31,658
down €31,658, from €14,336 to -€17,322
- Purchases and services -€26,633
down €26,633 (-17.0%), from €157,074 to €130,441
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 | €142,697 | €97,114 | -€45,583 | -31.9% |
| Formation expenses | 20 | €1,112 | €1,112 | = | 0.0% |
| Fixed assets | 21/28 | €8,855 | €4,463 | -€4,392 | -49.6% |
| Tangible fixed assets | 22/27 | €8,855 | €4,463 | -€4,392 | -49.6% |
| Plant, machinery and equipment | 23 | €3,456 | €1,525 | -€1,931 | -55.9% |
| Furniture and vehicles | 24 | €5,399 | €2,938 | -€2,461 | -45.6% |
| Current assets | 29/58 | €132,730 | €91,538 | -€41,191 | -31.0% |
| Stocks and contracts in progress | 3 | €87,500 | €68,592 | -€18,908 | -21.6% |
| Stocks | 30/36 | €87,500 | €68,592 | -€18,908 | -21.6% |
| Amounts receivable within one year | 40/41 | €9,925 | €11,415 | +€1,490 | +15.0% |
| Trade receivables | 40 | €6,269 | €7,759 | +€1,490 | +23.8% |
| Other amounts receivable | 41 | €3,656 | €3,656 | = | 0.0% |
| Current investments | 50/53 | €35,304 | - | -€35,304 | |
| Cash at bank and in hand | 54/58 | - | €11,532 | +€11,532 | |
| Total equity and liabilities | 10/49 | €142,697 | €97,114 | -€45,583 | -31.9% |
| Equity | 10/15 | €109,227 | €75,900 | -€33,327 | -30.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,227 | €45,900 | -€33,327 | -42.1% |
| Amounts payable | 17/49 | €33,470 | €21,214 | -€12,256 | -36.6% |
| Amounts payable after more than one year | 17 | €13,652 | €8,168 | -€5,484 | -40.2% |
| Financial debts | 170/4 | €13,652 | €8,168 | -€5,484 | -40.2% |
| Amounts payable within one year | 42/48 | €19,817 | €13,045 | -€6,772 | -34.2% |
| Financial debts | 43 | €4,970 | - | -€4,970 | |
| Credit institutions | 430/8 | €4,970 | - | -€4,970 | |
| Trade debts | 44 | €6,854 | €4,021 | -€2,833 | -41.3% |
| Suppliers | 440/4 | €6,854 | €4,021 | -€2,833 | -41.3% |
| Taxes, remuneration and social security | 45 | €7,993 | €9,024 | +€1,031 | +12.9% |
| Taxes | 450/3 | €7,993 | €9,024 | +€1,031 | +12.9% |
| Turnover | 70 | €151,452 | €113,119 | -€38,333 | -25.3% |
| Non-recurring operating income | 76A | €19,957 | - | -€19,957 | |
| Goods, raw materials, services and sundry goods | 60/61 | €157,074 | €130,441 | -€26,633 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,655 | €4,392 | -€1,263 | -22.3% |
| Other operating charges | 640/8 | €1,607 | €189 | -€1,417 | -88.2% |
| Gross operating margin | 9900 | €14,336 | -€17,322 | -€31,658 | |
| Operating profit (loss) | 9901 | €7,074 | -€21,904 | -€28,977 | |
| Financial charges | 65/66B | - | €1,302 | +€1,302 | |
| Recurring financial charges | 65 | - | €1,302 | +€1,302 | |
| Profit (loss) for the period before taxes | 9903 | €7,074 | -€23,206 | -€30,280 | |
| Income taxes | 67/77 | €10,121 | €10,121 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€3,047 | -€33,327 | -€30,280 | -994% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,047 | -€33,327 | -€30,280 | -994% |
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 23 October 2026 via checked.be.