Emmanuel Bataille: 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.
Emmanuel Bataille
Largest movements
- Cash +€260,205
up €260,205 (+568.5%), from €45,767 to €305,972
mainly Current investments (+€209,009) and Net result for the year (+€52,762)
- Current investments -€209,009
down €209,009 (-100.0%), from €209,009 to €0
- Tangible fixed assets -€32,170
down €32,170 (-12.6%), from €254,851 to €222,681
of which Land and buildings: -€19,017
- Tax, wage and social debts +€25,651
up €25,651 (+683.6%), from €3,752 to €29,403
- Reserves +€16,157
up €16,157 (+15.1%), from €106,678 to €122,835
of which Distributable reserves: +€19,400
- Debts after one year -€15,333
down €15,333 (-9.5%), from €161,333 to €146,000
of which Financial debts: -€15,333
- Other debts -€8,014
down €8,014 (-47.8%), from €16,781 to €8,767
- Financial income +€61,694
up €61,694 (+5379.3%), from €1,147 to €62,841
- Taxes +€27,560
up €27,560 (+727.8%), from €3,787 to €31,347
- Gross operating margin +€16,849
up €16,849 (+32.8%), from €51,397 to €68,246
- Other operating charges -€1,662
down €1,662 (-25.0%), from €6,640 to €4,978
- Depreciation -€1,654
down €1,654 (-4.7%), from €35,061 to €33,407
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 | €519,396 | €534,456 | +€15,060 | +2.9% |
| Fixed assets | 21/28 | €254,851 | €222,681 | -€32,170 | -12.6% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €254,851 | €222,681 | -€32,170 | -12.6% |
| Land and buildings | 22 | €223,182 | €204,164 | -€19,017 | -8.5% |
| Plant, machinery and equipment | 23 | €11,003 | €7,690 | -€3,313 | -30.1% |
| Furniture and vehicles | 24 | €20,666 | €10,827 | -€9,839 | -47.6% |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Current assets | 29/58 | €264,545 | €311,775 | +€47,230 | +17.9% |
| Amounts receivable within one year | 40/41 | €9,769 | €5,803 | -€3,966 | -40.6% |
| Trade receivables | 40 | €4,303 | €3,180 | -€1,124 | -26.1% |
| Other amounts receivable | 41 | €5,466 | €2,623 | -€2,843 | -52.0% |
| Current investments | 50/53 | €209,009 | €0 | -€209,009 | -100.0% |
| Cash at bank and in hand | 54/58 | €45,767 | €305,972 | +€260,205 | +568.5% |
| Total equity and liabilities | 10/49 | €519,396 | €534,456 | +€15,060 | +2.9% |
| Equity | 10/15 | €296,394 | €312,556 | +€16,162 | +5.5% |
| Contributions | 10/11 | €43,750 | €43,750 | = | 0.0% |
| Reserves | 13 | €106,678 | €122,835 | +€16,157 | +15.1% |
| Tax-exempt reserves | 132 | €64,703 | €61,460 | -€3,243 | -5.0% |
| Distributable reserves | 133 | €41,975 | €61,375 | +€19,400 | +46.2% |
| Profit (loss) carried forward | 14 | €145,966 | €145,971 | +€6 | 0.0% |
| Provisions and deferred taxes | 16 | €23,379 | €21,709 | -€1,670 | -7.1% |
| Deferred taxes | 168 | €23,379 | €21,709 | -€1,670 | -7.1% |
| Amounts payable | 17/49 | €199,623 | €200,191 | +€567 | +0.3% |
| Amounts payable after more than one year | 17 | €161,333 | €146,000 | -€15,333 | -9.5% |
| Financial debts | 170/4 | €61,333 | €46,000 | -€15,333 | -25.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,290 | €54,191 | +€15,901 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €15,783 | €15,783 | = | 0.0% |
| Trade debts | 44 | €1,974 | €238 | -€1,736 | -88.0% |
| Suppliers | 440/4 | €1,974 | €238 | -€1,736 | -88.0% |
| Taxes, remuneration and social security | 45 | €3,752 | €29,403 | +€25,651 | +683.6% |
| Taxes | 450/3 | €3,752 | €29,403 | +€25,651 | +683.6% |
| Other amounts payable | 47/48 | €16,781 | €8,767 | -€8,014 | -47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,061 | €33,407 | -€1,654 | -4.7% |
| Other operating charges | 640/8 | €6,640 | €4,978 | -€1,662 | -25.0% |
| Gross operating margin | 9900 | €51,397 | €68,246 | +€16,849 | +32.8% |
| Operating profit (loss) | 9901 | €9,696 | €29,861 | +€20,165 | +208.0% |
| Financial income | 75/76B | €1,147 | €62,841 | +€61,694 | +5379.3% |
| Recurring financial income | 75 | €1,147 | €62,841 | +€61,694 | +5379.3% |
| Financial charges | 65/66B | €10,869 | €10,262 | -€607 | -5.6% |
| Recurring financial charges | 65 | €10,869 | €10,262 | -€607 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€27 | €82,439 | +€82,466 | |
| Transfer from deferred taxes | 780 | €1,670 | €1,670 | = | 0.0% |
| Income taxes | 67/77 | €3,787 | €31,347 | +€27,560 | +727.8% |
| Profit (loss) for the period | 9904 | -€2,144 | €52,762 | +€54,906 | |
| Transfer from tax-exempt reserves | 789 | €3,243 | €3,243 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,099 | €56,006 | +€54,906 | +4993.8% |
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 12 October 2026 via checked.be.