E.T.I. batigec: what changed
E.T.I. batigec
Largest movements
- Tangible fixed assets +€233,221
up €233,221 (+58.3%), from €400,000 to €633,221
of which Assets under construction and advance payments: +€233,221
- Receivables within one year -€229,288
down €229,288 (-95.2%), from €240,882 to €11,594
of which Other amounts receivable: -€229,347
- Cash -€16,883
down €16,883 (-63.0%), from €26,813 to €9,930
- Contributions -€142,000
down €142,000 (-36.1%), from €392,967 to €250,967
- Reserves +€77,438
up €77,438 (+48.8%), from €158,553 to €235,991
of which Distributable reserves: +€77,438
- Trade debts +€34,764
new in 2025: €34,764
- Tax, wage and social debts +€22,158
up €22,158 (+382%), from €5,798 to €27,956
- Gross operating margin +€117,947
up €117,947, from -€657 to €117,290
- Taxes +€27,955
up €27,955 (+6,656,012%), from €0 to €27,956
- Financial charges +€7,539
up €7,539 (+14,902%), from €51 to €7,589
- Other operating charges +€2,130
up €2,130 (+97.9%), from €2,176 to €4,307
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
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 | €667,695 | €654,745 | -€12,950 | -1.9% |
| Fixed assets | 21/28 | €400,000 | €633,221 | +€233,221 | +58.3% |
| Tangible fixed assets | 22/27 | €400,000 | €633,221 | +€233,221 | +58.3% |
| Land and buildings | 22 | €400,000 | €400,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €233,221 | +€233,221 | |
| Current assets | 29/58 | €267,695 | €21,524 | -€246,171 | -92.0% |
| Amounts receivable within one year | 40/41 | €240,882 | €11,594 | -€229,288 | -95.2% |
| Trade receivables | 40 | - | €60 | +€60 | |
| Other amounts receivable | 41 | €240,882 | €11,535 | -€229,347 | -95.2% |
| Cash at bank and in hand | 54/58 | €26,813 | €9,930 | -€16,883 | -63.0% |
| Total equity and liabilities | 10/49 | €667,695 | €654,745 | -€12,950 | -1.9% |
| Equity | 10/15 | €551,740 | €487,178 | -€64,562 | -11.7% |
| Contributions | 10/11 | €392,967 | €250,967 | -€142,000 | -36.1% |
| Capital | 10 | €392,967 | €250,967 | -€142,000 | -36.1% |
| Issued capital | 100 | €392,967 | €250,967 | -€142,000 | -36.1% |
| Reserves | 13 | €158,553 | €235,991 | +€77,438 | +48.8% |
| Non-distributable reserves | 130/1 | €38,508 | €38,508 | = | 0.0% |
| Legal reserve | 130 | €38,508 | €38,508 | = | 0.0% |
| Distributable reserves | 133 | €120,045 | €197,483 | +€77,438 | +64.5% |
| Profit (loss) carried forward | 14 | €220 | €220 | = | 0.0% |
| Amounts payable | 17/49 | €115,955 | €167,567 | +€51,612 | +44.5% |
| Amounts payable within one year | 42/48 | €115,955 | €167,567 | +€51,612 | +44.5% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | - | €34,764 | +€34,764 | |
| Suppliers | 440/4 | - | €34,764 | +€34,764 | |
| Taxes, remuneration and social security | 45 | €5,798 | €27,956 | +€22,158 | +382% |
| Taxes | 450/3 | €5,798 | €27,956 | +€22,158 | +382% |
| Other amounts payable | 47/48 | €110,157 | €104,847 | -€5,310 | -4.8% |
| Other operating charges | 640/8 | €2,176 | €4,307 | +€2,130 | +97.9% |
| Gross operating margin | 9900 | -€657 | €117,290 | +€117,947 | |
| Operating profit (loss) | 9901 | -€2,833 | €112,983 | +€115,817 | |
| Financial income | 75/76B | €80 | - | -€80 | |
| Recurring financial income | 75 | €80 | - | -€80 | |
| Financial charges | 65/66B | €51 | €7,589 | +€7,539 | +14,902% |
| Recurring financial charges | 65 | €51 | €7,589 | +€7,539 | +14,902% |
| Profit (loss) for the period before taxes | 9903 | -€2,804 | €105,394 | +€108,198 | |
| Income taxes | 67/77 | €0 | €27,956 | +€27,955 | +6,656,012% |
| Profit (loss) for the period | 9904 | -€2,805 | €77,438 | +€80,243 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,805 | €77,438 | +€80,243 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.