BY BATU: 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.
BY BATU
Largest movements
- Receivables within one year -€33,200
down €33,200 (-76.3%), from €43,536 to €10,336
of which Other amounts receivable: -€27,946
- Tangible fixed assets -€2,425
down €2,425 (-4.4%), from €55,188 to €52,763
of which Furniture and vehicles: -€7,608
- Deferred charges and accrued income -€1,793
no longer reported in 2025 (was €1,793)
- Cash -€1,292
down €1,292 (-41.7%), from €3,101 to €1,809
mainly Net result for the year (-€22,887) and Tax, wage and social debts (-€17,975)
- Profit (loss) carried forward -€22,887
new in 2025: -€22,887
- Tax, wage and social debts -€17,975
down €17,975 (-46.5%), from €38,639 to €20,664
of which Taxes: -€10,475
- Trade debts +€2,152
up €2,152 (+114%), from €1,884 to €4,036
- Gross operating margin -€37,153
down €37,153 (-90.1%), from €41,253 to €4,100
- Taxes -€8,566
no longer reported in 2025 (was €8,566)
- Depreciation -€2,787
down €2,787 (-24.0%), from €11,598 to €8,810
- Staff costs -€792
down €792 (-96.0%), from €826 to €33
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 | €113,817 | €75,108 | -€38,710 | -34.0% |
| Fixed assets | 21/28 | €65,388 | €62,963 | -€2,425 | -3.7% |
| Tangible fixed assets | 22/27 | €55,188 | €52,763 | -€2,425 | -4.4% |
| Land and buildings | 22 | €18,789 | €16,868 | -€1,922 | -10.2% |
| Plant, machinery and equipment | 23 | €2,157 | €9,262 | +€7,105 | +329% |
| Furniture and vehicles | 24 | €34,242 | €26,633 | -€7,608 | -22.2% |
| Financial fixed assets | 28 | €10,200 | €10,200 | = | 0.0% |
| Current assets | 29/58 | €48,429 | €12,145 | -€36,285 | -74.9% |
| Amounts receivable within one year | 40/41 | €43,536 | €10,336 | -€33,200 | -76.3% |
| Trade receivables | 40 | €5,254 | - | -€5,254 | |
| Other amounts receivable | 41 | €38,282 | €10,336 | -€27,946 | -73.0% |
| Cash at bank and in hand | 54/58 | €3,101 | €1,809 | -€1,292 | -41.7% |
| Deferred charges and accrued income | 490/1 | €1,793 | - | -€1,793 | |
| Total equity and liabilities | 10/49 | €113,817 | €75,108 | -€38,710 | -34.0% |
| Equity | 10/15 | €73,295 | €50,408 | -€22,887 | -31.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,695 | €54,695 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €52,835 | €52,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,887 | -€22,887 | |
| Amounts payable | 17/49 | €40,523 | €24,700 | -€15,823 | -39.0% |
| Amounts payable within one year | 42/48 | €40,523 | €24,700 | -€15,823 | -39.0% |
| Trade debts | 44 | €1,884 | €4,036 | +€2,152 | +114% |
| Suppliers | 440/4 | €1,884 | €4,036 | +€2,152 | +114% |
| Taxes, remuneration and social security | 45 | €38,639 | €20,664 | -€17,975 | -46.5% |
| Taxes | 450/3 | €31,139 | €20,664 | -€10,475 | -33.6% |
| Remuneration and social security | 454/9 | €7,500 | - | -€7,500 | |
| Non-recurring operating income | 76A | - | €1,301 | +€1,301 | |
| Remuneration, social security and pensions | 62 | €826 | €33 | -€792 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,598 | €8,810 | -€2,787 | -24.0% |
| Other operating charges | 640/8 | €275 | €179 | -€96 | -34.8% |
| Non-recurring operating charges | 66A | - | €18,815 | +€18,815 | |
| Gross operating margin | 9900 | €41,253 | €4,100 | -€37,153 | -90.1% |
| Operating profit (loss) | 9901 | €28,555 | -€23,738 | -€52,292 | |
| Financial income | 75/76B | €1,061 | €1,473 | +€412 | +38.8% |
| Recurring financial income | 75 | €1,061 | €1,473 | +€412 | +38.8% |
| Financial charges | 65/66B | €327 | €623 | +€296 | +90.4% |
| Recurring financial charges | 65 | €327 | €623 | +€296 | +90.4% |
| Profit (loss) for the period before taxes | 9903 | €29,289 | -€22,887 | -€52,176 | |
| Income taxes | 67/77 | €8,566 | - | -€8,566 | |
| Profit (loss) for the period | 9904 | €20,723 | -€22,887 | -€43,610 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,723 | -€22,887 | -€43,610 |
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 24 October 2026 via checked.be.