EDWARD WILLIAM BATCHELOR: 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.
EDWARD WILLIAM BATCHELOR
Largest movements
- Tangible fixed assets -€95,016
down €95,016 (-6.0%), from €1.6m to €1.5m
- Current investments +€87,887
up €87,887 (+2.8%), from €3.1m to €3.2m
- Cash +€86,689
up €86,689 (+181%), from €47,975 to €134,664
mainly Net result for the year (+€169,743) and Depreciation (+€95,016)
- Receivables within one year +€83,173
up €83,173 (+211%), from €39,331 to €122,504
- Reserves +€124,743
up €124,743 (+4.0%), from €3.1m to €3.2m
- Depreciation +€95,016
up €95,016, from €0 to €95,016
- Financial income +€88,445
up €88,445 (+43.8%), from €201,935 to €290,380
- Gross operating margin +€44,367
up €44,367 (+56.7%), from €78,295 to €122,662
- Taxes +€39,295
up €39,295, from -€26,821 to €12,474
- Financial charges -€30,532
down €30,532 (-28.9%), from €105,639 to €75,107
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 | €4,768,802 | €4,933,039 | +€164,237 | +3.4% |
| Fixed assets | 21/28 | €1,591,178 | €1,496,162 | -€95,016 | -6.0% |
| Tangible fixed assets | 22/27 | €1,591,178 | €1,496,162 | -€95,016 | -6.0% |
| Land and buildings | 22 | €1,591,178 | €1,496,162 | -€95,016 | -6.0% |
| Current assets | 29/58 | €3,177,624 | €3,436,877 | +€259,253 | +8.2% |
| Amounts receivable within one year | 40/41 | €39,331 | €122,504 | +€83,173 | +211% |
| Other amounts receivable | 41 | €39,331 | €122,504 | +€83,173 | +211% |
| Current investments | 50/53 | €3,090,296 | €3,178,183 | +€87,887 | +2.8% |
| Cash at bank and in hand | 54/58 | €47,975 | €134,664 | +€86,689 | +181% |
| Deferred charges and accrued income | 490/1 | €22 | €1,526 | +€1,503 | +6,772% |
| Total equity and liabilities | 10/49 | €4,768,802 | €4,933,039 | +€164,237 | +3.4% |
| Equity | 10/15 | €3,111,835 | €3,236,579 | +€124,743 | +4.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,099,435 | €3,224,179 | +€124,743 | +4.0% |
| Distributable reserves | 133 | €3,099,435 | €3,224,179 | +€124,743 | +4.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,656,967 | €1,696,460 | +€39,494 | +2.4% |
| Amounts payable after more than one year | 17 | €1,627,534 | €1,614,957 | -€12,577 | -0.8% |
| Financial debts | 170/4 | €1,627,534 | €1,614,957 | -€12,577 | -0.8% |
| Amounts payable within one year | 42/48 | €28,867 | €81,503 | +€52,636 | +182% |
| Current portion of amounts payable after more than one year | 42 | €12,377 | €12,577 | +€200 | +1.6% |
| Trade debts | 44 | €5,691 | €3,733 | -€1,958 | -34.4% |
| Suppliers | 440/4 | €5,691 | €3,733 | -€1,958 | -34.4% |
| Taxes, remuneration and social security | 45 | €10,799 | €20,193 | +€9,394 | +87.0% |
| Taxes | 450/3 | - | €12,474 | +€12,474 | |
| Remuneration and social security | 454/9 | €10,799 | €7,719 | -€3,080 | -28.5% |
| Other amounts payable | 47/48 | €0 | €45,000 | +€45,000 | |
| Accrued charges and deferred income | 492/3 | €566 | €0 | -€566 | -100% |
| Remuneration, social security and pensions | 62 | €45,804 | €42,717 | -€3,087 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €95,016 | +€95,016 | |
| Other operating charges | 640/8 | €4,571 | €17,983 | +€13,413 | +293% |
| Gross operating margin | 9900 | €78,295 | €122,662 | +€44,367 | +56.7% |
| Operating profit (loss) | 9901 | €27,919 | -€33,055 | -€60,974 | |
| Financial income | 75/76B | €201,935 | €290,380 | +€88,445 | +43.8% |
| Recurring financial income | 75 | €201,935 | €290,380 | +€88,445 | +43.8% |
| Financial charges | 65/66B | €105,639 | €75,107 | -€30,532 | -28.9% |
| Recurring financial charges | 65 | €105,639 | €75,107 | -€30,532 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €124,215 | €182,218 | +€58,002 | +46.7% |
| Income taxes | 67/77 | -€26,821 | €12,474 | +€39,295 | |
| Profit (loss) for the period | 9904 | €151,036 | €169,743 | +€18,708 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €151,036 | €169,743 | +€18,708 | +12.4% |
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 17 October 2026 via checked.be.