BATTLESTAR: 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.
BATTLESTAR
Largest movements
- Tangible fixed assets -€18,022
down €18,022 (-26.1%), from €69,077 to €51,055
of which Plant, machinery and equipment: -€17,749
- Cash -€7,172
down €7,172 (-72.1%), from €9,945 to €2,773
mainly Net result for the year (-€23,628) and Debts after one year (-€12,430)
- Deferred charges and accrued income -€6,603
down €6,603 (-97.1%), from €6,802 to €199
- Receivables within one year -€1,783
down €1,783 (-67.2%), from €2,654 to €871
of which Other amounts receivable: -€2,179
- Profit (loss) carried forward -€23,628
down €23,628 (-32.0%), from -€73,724 to -€97,351
- Debts after one year -€12,430
down €12,430 (-13.2%), from €94,185 to €81,755
- Trade debts +€1,923
up €1,923 (+108%), from €1,782 to €3,705
- Gross operating margin +€26,146
up €26,146 (+92.3%), from -€28,312 to -€2,166
- Taxes +€2,005
up €2,005, from -€1,864 to €141
- Other operating charges -€981
down €981 (-89.1%), from €1,101 to €120
- Financial charges -€290
down €290 (-8.3%), from €3,468 to €3,179
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 | €88,478 | €54,898 | -€33,580 | -38.0% |
| Fixed assets | 21/28 | €69,077 | €51,055 | -€18,022 | -26.1% |
| Tangible fixed assets | 22/27 | €69,077 | €51,055 | -€18,022 | -26.1% |
| Plant, machinery and equipment | 23 | €68,075 | €50,326 | -€17,749 | -26.1% |
| Furniture and vehicles | 24 | €1,002 | €729 | -€273 | -27.2% |
| Current assets | 29/58 | €19,401 | €3,843 | -€15,558 | -80.2% |
| Amounts receivable within one year | 40/41 | €2,654 | €871 | -€1,783 | -67.2% |
| Trade receivables | 40 | €399 | €795 | +€396 | +99.2% |
| Other amounts receivable | 41 | €2,254 | €75 | -€2,179 | -96.7% |
| Cash at bank and in hand | 54/58 | €9,945 | €2,773 | -€7,172 | -72.1% |
| Deferred charges and accrued income | 490/1 | €6,802 | €199 | -€6,603 | -97.1% |
| Total equity and liabilities | 10/49 | €88,478 | €54,898 | -€33,580 | -38.0% |
| Equity | 10/15 | -€19,644 | -€43,272 | -€23,628 | -120% |
| Reserves | 13 | €54,080 | €54,080 | = | 0.0% |
| Distributable reserves | 133 | €54,080 | €54,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,724 | -€97,351 | -€23,628 | -32.0% |
| Amounts payable | 17/49 | €108,122 | €98,170 | -€9,952 | -9.2% |
| Amounts payable after more than one year | 17 | €94,185 | €81,755 | -€12,430 | -13.2% |
| Financial debts | 170/4 | €94,185 | €81,755 | -€12,430 | -13.2% |
| Amounts payable within one year | 42/48 | €13,938 | €16,415 | +€2,478 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €12,015 | €12,430 | +€415 | +3.5% |
| Trade debts | 44 | €1,782 | €3,705 | +€1,923 | +108% |
| Suppliers | 440/4 | €1,782 | €3,705 | +€1,923 | +108% |
| Taxes, remuneration and social security | 45 | €140 | €280 | +€141 | +101% |
| Taxes | 450/3 | €140 | €280 | +€141 | +101% |
| Other amounts payable | 47/48 | €2 | - | -€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,022 | €18,022 | = | 0.0% |
| Other operating charges | 640/8 | €1,101 | €120 | -€981 | -89.1% |
| Gross operating margin | 9900 | -€28,312 | -€2,166 | +€26,146 | +92.3% |
| Operating profit (loss) | 9901 | -€47,434 | -€20,308 | +€27,126 | +57.2% |
| Financial charges | 65/66B | €3,468 | €3,179 | -€290 | -8.3% |
| Recurring financial charges | 65 | €3,468 | €3,179 | -€290 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€50,903 | -€23,487 | +€27,416 | +53.9% |
| Income taxes | 67/77 | -€1,864 | €141 | +€2,005 | |
| Profit (loss) for the period | 9904 | -€49,038 | -€23,628 | +€25,411 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,038 | -€23,628 | +€25,411 | +51.8% |
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 28 October 2026 via checked.be.