BEGI BATI: 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.
BEGI BATI
Largest movements
- Tangible fixed assets -€59,207
down €59,207 (-5.0%), from €1.2m to €1.1m
of which Land and buildings: -€58,019
- Cash +€20,036
up €20,036 (+29.7%), from €67,574 to €87,610
mainly Net result for the year (+€73,553) and Depreciation (+€67,493)
- Other debts -€74,555
down €74,555 (-96.8%), from €77,004 to €2,449
- Reserves +€73,500
up €73,500 (+22.2%), from €331,615 to €405,115
- Debts after one year -€57,071
down €57,071 (-9.3%), from €616,058 to €558,987
of which Financial debts: -€47,453
- Gross operating margin +€42,248
up €42,248 (+25.3%), from €166,711 to €208,959
- Depreciation -€25,414
down €25,414 (-27.4%), from €92,907 to €67,493
- Taxes +€21,363
up €21,363 (+164.4%), from €12,993 to €34,356
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 | €1,279,002 | €1,231,013 | -€47,989 | -3.8% |
| Fixed assets | 21/28 | €1,179,479 | €1,120,272 | -€59,207 | -5.0% |
| Tangible fixed assets | 22/27 | €1,179,479 | €1,120,272 | -€59,207 | -5.0% |
| Land and buildings | 22 | €1,144,692 | €1,086,673 | -€58,019 | -5.1% |
| Plant, machinery and equipment | 23 | €29,296 | €33,599 | +€4,304 | +14.7% |
| Furniture and vehicles | 24 | €5,492 | €0 | -€5,492 | -100.0% |
| Current assets | 29/58 | €99,522 | €110,741 | +€11,219 | +11.3% |
| Amounts receivable within one year | 40/41 | €9,847 | €191 | -€9,657 | -98.1% |
| Other amounts receivable | 41 | €9,847 | €191 | -€9,657 | -98.1% |
| Current investments | 50/53 | €9,900 | €9,900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,574 | €87,610 | +€20,036 | +29.7% |
| Deferred charges and accrued income | 490/1 | €12,201 | €13,040 | +€839 | +6.9% |
| Total equity and liabilities | 10/49 | €1,279,002 | €1,231,013 | -€47,989 | -3.8% |
| Equity | 10/15 | €520,409 | €593,962 | +€73,553 | +14.1% |
| Contributions | 10/11 | €145,110 | €145,110 | = | 0.0% |
| Reserves | 13 | €331,615 | €405,115 | +€73,500 | +22.2% |
| Distributable reserves | 133 | €331,615 | €405,115 | +€73,500 | +22.2% |
| Profit (loss) carried forward | 14 | €43,684 | €43,736 | +€53 | +0.1% |
| Amounts payable | 17/49 | €758,593 | €637,051 | -€121,542 | -16.0% |
| Amounts payable after more than one year | 17 | €616,058 | €558,987 | -€57,071 | -9.3% |
| Financial debts | 170/4 | €362,213 | €314,759 | -€47,453 | -13.1% |
| Other amounts payable | 178/9 | €253,846 | €244,228 | -€9,618 | -3.8% |
| Amounts payable within one year | 42/48 | €139,474 | €77,278 | -€62,196 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €55,654 | €57,071 | +€1,417 | +2.5% |
| Trade debts | 44 | €3,540 | €2,905 | -€635 | -17.9% |
| Suppliers | 440/4 | €3,540 | €2,905 | -€635 | -17.9% |
| Taxes, remuneration and social security | 45 | €3,276 | €14,853 | +€11,577 | +353.4% |
| Taxes | 450/3 | €3,276 | €14,853 | +€11,577 | +353.4% |
| Other amounts payable | 47/48 | €77,004 | €2,449 | -€74,555 | -96.8% |
| Accrued charges and deferred income | 492/3 | €3,061 | €786 | -€2,275 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,907 | €67,493 | -€25,414 | -27.4% |
| Other operating charges | 640/8 | €15,200 | €15,402 | +€201 | +1.3% |
| Gross operating margin | 9900 | €166,711 | €208,959 | +€42,248 | +25.3% |
| Operating profit (loss) | 9901 | €58,603 | €126,064 | +€67,461 | +115.1% |
| Financial income | 75/76B | €0 | €60 | +€60 | |
| Recurring financial income | 75 | €0 | €60 | +€60 | |
| Financial charges | 65/66B | €17,823 | €18,215 | +€393 | +2.2% |
| Recurring financial charges | 65 | €17,823 | €18,215 | +€393 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €40,781 | €107,909 | +€67,128 | +164.6% |
| Income taxes | 67/77 | €12,993 | €34,356 | +€21,363 | +164.4% |
| Profit (loss) for the period | 9904 | €27,788 | €73,553 | +€45,765 | +164.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,788 | €73,553 | +€45,765 | +164.7% |
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 3 October 2026 via checked.be.