BATZHAMAS: 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.
BATZHAMAS
Largest movements
- Intangible fixed assets +€150,000
new in 2025: €150,000
- Receivables within one year -€91,169
down €91,169 (-67.8%), from €134,478 to €43,309
of which Trade receivables: -€61,436
- Cash -€80,135
down €80,135 (-34.3%), from €233,956 to €153,822
mainly Investment in fixed assets (net) (-€156,755) and Trade debts (-€49,387)
- Tangible fixed assets -€10,127
down €10,127 (-3.7%), from €272,224 to €262,097
of which Land and buildings: -€7,000
- Trade debts -€49,387
no longer reported in 2025 (was €49,387)
- Other debts +€31,440
up €31,440 (+753.6%), from €4,172 to €35,613
- Tax, wage and social debts +€17,959
up €17,959 (+313.2%), from €5,734 to €23,693
- Profit (loss) carried forward -€17,171
down €17,171 (-3.6%), from €473,561 to €456,390
- Debts after one year -€14,365
down €14,365 (-17.2%), from €83,601 to €69,236
- Gross operating margin -€74,001
down €74,001 (-97.3%), from €76,044 to €2,042
- Taxes -€15,734
no longer reported in 2025 (was €15,734)
- Depreciation +€1,460
up €1,460 (+9.5%), from €15,422 to €16,882
- Financial income +€984
new in 2025: €984
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 | €640,658 | €609,297 | -€31,362 | -4.9% |
| Fixed assets | 21/28 | €272,224 | €412,097 | +€139,873 | +51.4% |
| Intangible fixed assets | 21 | - | €150,000 | +€150,000 | |
| Tangible fixed assets | 22/27 | €272,224 | €262,097 | -€10,127 | -3.7% |
| Land and buildings | 22 | €151,507 | €144,507 | -€7,000 | -4.6% |
| Furniture and vehicles | 24 | €82,938 | €82,680 | -€259 | -0.3% |
| Other tangible fixed assets | 26 | €37,779 | €34,910 | -€2,868 | -7.6% |
| Current assets | 29/58 | €368,434 | €197,200 | -€171,235 | -46.5% |
| Amounts receivable within one year | 40/41 | €134,478 | €43,309 | -€91,169 | -67.8% |
| Trade receivables | 40 | €61,710 | €274 | -€61,436 | -99.6% |
| Other amounts receivable | 41 | €72,768 | €43,035 | -€29,733 | -40.9% |
| Cash at bank and in hand | 54/58 | €233,956 | €153,822 | -€80,135 | -34.3% |
| Deferred charges and accrued income | 490/1 | - | €69 | +€69 | |
| Total equity and liabilities | 10/49 | €640,658 | €609,297 | -€31,362 | -4.9% |
| Equity | 10/15 | €483,561 | €466,390 | -€17,171 | -3.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €473,561 | €456,390 | -€17,171 | -3.6% |
| Amounts payable | 17/49 | €157,097 | €142,907 | -€14,191 | -9.0% |
| Amounts payable after more than one year | 17 | €83,601 | €69,236 | -€14,365 | -17.2% |
| Financial debts | 170/4 | €83,601 | €69,236 | -€14,365 | -17.2% |
| Amounts payable within one year | 42/48 | €73,496 | €73,671 | +€175 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €14,203 | €14,365 | +€162 | +1.1% |
| Trade debts | 44 | €49,387 | - | -€49,387 | |
| Suppliers | 440/4 | €49,387 | - | -€49,387 | |
| Taxes, remuneration and social security | 45 | €5,734 | €23,693 | +€17,959 | +313.2% |
| Taxes | 450/3 | €5,734 | €23,693 | +€17,959 | +313.2% |
| Other amounts payable | 47/48 | €4,172 | €35,613 | +€31,440 | +753.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,422 | €16,882 | +€1,460 | +9.5% |
| Other operating charges | 640/8 | €1,227 | €1,266 | +€39 | +3.2% |
| Gross operating margin | 9900 | €76,044 | €2,042 | -€74,001 | -97.3% |
| Operating profit (loss) | 9901 | €59,394 | -€16,106 | -€75,500 | |
| Financial income | 75/76B | - | €984 | +€984 | |
| Recurring financial income | 75 | - | €984 | +€984 | |
| Financial charges | 65/66B | €1,728 | €2,050 | +€322 | +18.6% |
| Recurring financial charges | 65 | €1,728 | €2,050 | +€322 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €57,666 | -€17,171 | -€74,837 | |
| Income taxes | 67/77 | €15,734 | - | -€15,734 | |
| Profit (loss) for the period | 9904 | €41,932 | -€17,171 | -€59,103 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,932 | -€17,171 | -€59,103 |
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 5 October 2026 via checked.be.