BATUKO CONNECT: 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.
BATUKO CONNECT
Largest movements
- Receivables within one year +€283,042
up €283,042 (+46.2%), from €612,286 to €895,328
of which Other amounts receivable: +€141,778
- Tangible fixed assets +€81,375
up €81,375 (+217.9%), from €37,346 to €118,721
of which Leasing and similar rights: +€80,013
- Cash +€35,217
up €35,217 (+2533.7%), from €1,390 to €36,607
mainly Trade debts (+€302,629) and Other debts (+€278,966)
- Trade debts +€302,629
up €302,629 (+2449.2%), from €12,356 to €314,986
- Other debts +€278,966
new in 2025: €278,966
- Profit (loss) carried forward -€185,578
no longer reported in 2025 (was €185,578)
- Reserves -€137,266
down €137,266 (-52.4%), from €261,957 to €124,691
- Tax, wage and social debts +€101,664
up €101,664 (+94.4%), from €107,714 to €209,378
of which Taxes: +€94,916
- Gross operating margin -€46,360
down €46,360 (-24.6%), from €188,678 to €142,318
- Taxes -€41,425
down €41,425 (-49.4%), from €83,774 to €42,349
- Financial income +€19,022
up €19,022 (+99.1%), from €19,199 to €38,221
- Staff costs +€13,165
up €13,165 (+39.0%), from €33,733 to €46,898
- Depreciation +€11,352
up €11,352 (+90.3%), from €12,577 to €23,930
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 | €673,661 | €1,076,799 | +€403,139 | +59.8% |
| Fixed assets | 21/28 | €37,346 | €118,721 | +€81,375 | +217.9% |
| Tangible fixed assets | 22/27 | €37,346 | €118,721 | +€81,375 | +217.9% |
| Plant, machinery and equipment | 23 | €3,832 | €4,166 | +€334 | +8.7% |
| Furniture and vehicles | 24 | €33,514 | €34,543 | +€1,029 | +3.1% |
| Leasing and similar rights | 25 | - | €80,013 | +€80,013 | |
| Current assets | 29/58 | €636,315 | €958,078 | +€321,764 | +50.6% |
| Amounts receivable within one year | 40/41 | €612,286 | €895,328 | +€283,042 | +46.2% |
| Trade receivables | 40 | €22,926 | €164,190 | +€141,264 | +616.2% |
| Other amounts receivable | 41 | €589,360 | €731,138 | +€141,778 | +24.1% |
| Current investments | 50/53 | €22,000 | €22,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,390 | €36,607 | +€35,217 | +2533.7% |
| Deferred charges and accrued income | 490/1 | €639 | €4,144 | +€3,505 | +548.6% |
| Total equity and liabilities | 10/49 | €673,661 | €1,076,799 | +€403,139 | +59.8% |
| Equity | 10/15 | €466,135 | €143,291 | -€322,844 | -69.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €261,957 | €124,691 | -€137,266 | -52.4% |
| Distributable reserves | 133 | €261,957 | €124,691 | -€137,266 | -52.4% |
| Profit (loss) carried forward | 14 | €185,578 | - | -€185,578 | |
| Amounts payable | 17/49 | €207,526 | €933,508 | +€725,983 | +349.8% |
| Amounts payable after more than one year | 17 | €87,456 | €116,839 | +€29,383 | +33.6% |
| Financial debts | 170/4 | €87,456 | €116,839 | +€29,383 | +33.6% |
| Amounts payable within one year | 42/48 | €120,070 | €816,669 | +€696,599 | +580.2% |
| Current portion of amounts payable after more than one year | 42 | - | €13,340 | +€13,340 | |
| Trade debts | 44 | €12,356 | €314,986 | +€302,629 | +2449.2% |
| Suppliers | 440/4 | €12,356 | €314,986 | +€302,629 | +2449.2% |
| Taxes, remuneration and social security | 45 | €107,714 | €209,378 | +€101,664 | +94.4% |
| Taxes | 450/3 | €98,911 | €193,828 | +€94,916 | +96.0% |
| Remuneration and social security | 454/9 | €8,802 | €15,550 | +€6,748 | +76.7% |
| Other amounts payable | 47/48 | - | €278,966 | +€278,966 | |
| Non-recurring operating income | 76A | €357 | €38 | -€319 | -89.3% |
| Remuneration, social security and pensions | 62 | €33,733 | €46,898 | +€13,165 | +39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,577 | €23,930 | +€11,352 | +90.3% |
| Other operating charges | 640/8 | €1,846 | €2,428 | +€582 | +31.5% |
| Non-recurring operating charges | 66A | €2,029 | €750 | -€1,279 | -63.0% |
| Gross operating margin | 9900 | €188,678 | €142,318 | -€46,360 | -24.6% |
| Operating profit (loss) | 9901 | €138,492 | €68,312 | -€70,181 | -50.7% |
| Financial income | 75/76B | €19,199 | €38,221 | +€19,022 | +99.1% |
| Recurring financial income | 75 | €19,199 | €38,221 | +€19,022 | +99.1% |
| Financial charges | 65/66B | €3,702 | €11,570 | +€7,867 | +212.5% |
| Recurring financial charges | 65 | €3,702 | €11,570 | +€7,867 | +212.5% |
| Profit (loss) for the period before taxes | 9903 | €153,990 | €94,963 | -€59,026 | -38.3% |
| Income taxes | 67/77 | €83,774 | €42,349 | -€41,425 | -49.4% |
| Profit (loss) for the period | 9904 | €70,216 | €52,615 | -€17,601 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,216 | €52,615 | -€17,601 | -25.1% |
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 11 October 2026 via checked.be.