F.M. BATI: 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.
F.M. BATI
Largest movements
- Cash -€266,875
down €266,875 (-78.8%), from €338,802 to €71,928
mainly Investment in fixed assets (net) (-€119,611) and Net result for the year (-€96,423)
- Financial fixed assets +€50,000
up €50,000 (+55.5%), from €90,053 to €140,053
- Deferred charges and accrued income -€35,043
down €35,043 (-17.3%), from €202,714 to €167,671
- Tangible fixed assets +€28,396
up €28,396 (+9.6%), from €294,472 to €322,868
of which Furniture and vehicles: +€41,903
- Receivables within one year +€27,277
up €27,277 (+6.5%), from €417,289 to €444,566
of which Trade receivables: +€32,534
- Profit (loss) carried forward -€96,423
down €96,423 (-26.3%), from €366,967 to €270,544
- Trade debts -€76,587
down €76,587 (-45.4%), from €168,665 to €92,078
- Tax, wage and social debts -€39,503
down €39,503 (-22.1%), from €179,053 to €139,551
of which Remuneration and social security: -€41,822
- Current portion of long-term debt +€24,033
up €24,033 (+88.7%), from €27,088 to €51,122
- Gross operating margin -€483,899
down €483,899 (-30.0%), from €1.6m to €1.1m
- Taxes -€90,394
down €90,394 (-99.2%), from €91,095 to €701
- Staff costs -€54,217
down €54,217 (-4.5%), from €1.2m to €1.2m
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 | €1,343,330 | €1,147,085 | -€196,245 | -14.6% |
| Fixed assets | 21/28 | €384,525 | €462,921 | +€78,396 | +20.4% |
| Tangible fixed assets | 22/27 | €294,472 | €322,868 | +€28,396 | +9.6% |
| Land and buildings | 22 | €236,030 | €226,196 | -€9,833 | -4.2% |
| Plant, machinery and equipment | 23 | €10,706 | €7,032 | -€3,674 | -34.3% |
| Furniture and vehicles | 24 | €47,737 | €89,640 | +€41,903 | +87.8% |
| Financial fixed assets | 28 | €90,053 | €140,053 | +€50,000 | +55.5% |
| Current assets | 29/58 | €958,805 | €684,164 | -€274,641 | -28.6% |
| Amounts receivable within one year | 40/41 | €417,289 | €444,566 | +€27,277 | +6.5% |
| Trade receivables | 40 | €81,681 | €114,215 | +€32,534 | +39.8% |
| Other amounts receivable | 41 | €335,608 | €330,351 | -€5,257 | -1.6% |
| Cash at bank and in hand | 54/58 | €338,802 | €71,928 | -€266,875 | -78.8% |
| Deferred charges and accrued income | 490/1 | €202,714 | €167,671 | -€35,043 | -17.3% |
| Total equity and liabilities | 10/49 | €1,343,330 | €1,147,085 | -€196,245 | -14.6% |
| Equity | 10/15 | €725,103 | €628,680 | -€96,423 | -13.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €338,136 | €338,136 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €336,136 | €336,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | €366,967 | €270,544 | -€96,423 | -26.3% |
| Amounts payable | 17/49 | €618,227 | €518,405 | -€99,822 | -16.1% |
| Amounts payable after more than one year | 17 | €242,137 | €234,765 | -€7,372 | -3.0% |
| Financial debts | 170/4 | €242,137 | €234,765 | -€7,372 | -3.0% |
| Amounts payable within one year | 42/48 | €376,090 | €283,640 | -€92,450 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €27,088 | €51,122 | +€24,033 | +88.7% |
| Trade debts | 44 | €168,665 | €92,078 | -€76,587 | -45.4% |
| Suppliers | 440/4 | €168,665 | €92,078 | -€76,587 | -45.4% |
| Taxes, remuneration and social security | 45 | €179,053 | €139,551 | -€39,503 | -22.1% |
| Taxes | 450/3 | €48,060 | €50,379 | +€2,319 | +4.8% |
| Remuneration and social security | 454/9 | €130,994 | €89,172 | -€41,822 | -31.9% |
| Other amounts payable | 47/48 | €1,283 | €890 | -€393 | -30.6% |
| Non-recurring operating income | 76A | - | €123 | +€123 | |
| Remuneration, social security and pensions | 62 | €1,213,579 | €1,159,362 | -€54,217 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,414 | €41,215 | +€3,801 | +10.2% |
| Other operating charges | 640/8 | €18,957 | €9,889 | -€9,068 | -47.8% |
| Non-recurring operating charges | 66A | €23,753 | €5,843 | -€17,910 | -75.4% |
| Gross operating margin | 9900 | €1,611,160 | €1,127,261 | -€483,899 | -30.0% |
| Operating profit (loss) | 9901 | €317,457 | -€89,048 | -€406,505 | |
| Financial income | 75/76B | €2,214 | €10,002 | +€7,787 | +352% |
| Recurring financial income | 75 | €2,214 | €10,002 | +€7,787 | +352% |
| Financial charges | 65/66B | €29,817 | €16,675 | -€13,142 | -44.1% |
| Recurring financial charges | 65 | €8,225 | €8,137 | -€88 | -1.1% |
| Non-recurring financial charges | 66B | €21,592 | €8,539 | -€13,054 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €289,854 | -€95,722 | -€385,576 | |
| Income taxes | 67/77 | €91,095 | €701 | -€90,394 | -99.2% |
| Profit (loss) for the period | 9904 | €198,759 | -€96,423 | -€295,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €198,759 | -€96,423 | -€295,183 |
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 19 October 2026 via checked.be.