Bhatti: 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.
Bhatti
Largest movements
- Receivables within one year -€14,192
down €14,192 (-28.9%), from €49,107 to €34,915
of which Trade receivables: -€7,723
- Cash +€3,374
up €3,374 (+3425.6%), from €99 to €3,473
- Tangible fixed assets -€806
down €806 (-42.5%), from €1,897 to €1,091
of which Plant, machinery and equipment: -€670
- Profit (loss) carried forward -€12,609
down €12,609, from €763 to -€11,846
- Trade debts +€7,259
up €7,259 (+1865.1%), from €389 to €7,648
- Short-term financial debts -€4,201
down €4,201 (-42.4%), from €9,918 to €5,717
- Tax, wage and social debts -€2,072
down €2,072 (-73.9%), from €2,804 to €732
- Gross operating margin -€19,757
down €19,757, from €11,824 to -€7,933
- Financial charges +€1,668
up €1,668 (+111.7%), from €1,493 to €3,161
- Taxes -€1,138
no longer reported in 2025 (was €1,138)
- Staff costs -€981
no longer reported in 2025 (was €981)
- Other operating charges -€652
down €652 (-17.9%), from €3,651 to €2,999
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,102 | €39,479 | -€11,623 | -22.7% |
| Fixed assets | 21/28 | €1,897 | €1,091 | -€806 | -42.5% |
| Tangible fixed assets | 22/27 | €1,897 | €1,091 | -€806 | -42.5% |
| Plant, machinery and equipment | 23 | €924 | €254 | -€670 | -72.5% |
| Furniture and vehicles | 24 | €0 | €330 | +€330 | |
| Other tangible fixed assets | 26 | €973 | €507 | -€466 | -47.9% |
| Current assets | 29/58 | €49,206 | €38,388 | -€10,817 | -22.0% |
| Amounts receivable within one year | 40/41 | €49,107 | €34,915 | -€14,192 | -28.9% |
| Trade receivables | 40 | €7,723 | - | -€7,723 | |
| Other amounts receivable | 41 | €41,385 | €34,915 | -€6,469 | -15.6% |
| Cash at bank and in hand | 54/58 | €99 | €3,473 | +€3,374 | +3425.6% |
| Total equity and liabilities | 10/49 | €51,102 | €39,479 | -€11,623 | -22.7% |
| Equity | 10/15 | €37,991 | €25,382 | -€12,609 | -33.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €18,636 | €18,636 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,048 | €3,048 | = | 0.0% |
| Distributable reserves | 133 | €13,729 | €13,729 | = | 0.0% |
| Profit (loss) carried forward | 14 | €763 | -€11,846 | -€12,609 | |
| Amounts payable | 17/49 | €13,111 | €14,097 | +€986 | +7.5% |
| Amounts payable within one year | 42/48 | €13,111 | €14,097 | +€986 | +7.5% |
| Financial debts | 43 | €9,918 | €5,717 | -€4,201 | -42.4% |
| Credit institutions | 430/8 | €9,918 | €5,717 | -€4,201 | -42.4% |
| Trade debts | 44 | €389 | €7,648 | +€7,259 | +1865.1% |
| Suppliers | 440/4 | €389 | €7,648 | +€7,259 | +1865.1% |
| Taxes, remuneration and social security | 45 | €2,804 | €732 | -€2,072 | -73.9% |
| Taxes | 450/3 | €2,804 | €732 | -€2,072 | -73.9% |
| Remuneration, social security and pensions | 62 | €981 | - | -€981 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €583 | €813 | +€230 | +39.5% |
| Other operating charges | 640/8 | €3,651 | €2,999 | -€652 | -17.9% |
| Gross operating margin | 9900 | €11,824 | -€7,933 | -€19,757 | |
| Operating profit (loss) | 9901 | €6,609 | -€11,745 | -€18,354 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,493 | €3,161 | +€1,668 | +111.7% |
| Recurring financial charges | 65 | €1,493 | €3,161 | +€1,668 | +111.7% |
| Profit (loss) for the period before taxes | 9903 | €5,116 | -€14,906 | -€20,022 | |
| Income taxes | 67/77 | €1,138 | - | -€1,138 | |
| Profit (loss) for the period | 9904 | €3,978 | -€14,906 | -€18,884 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,978 | -€14,906 | -€18,884 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.