G.C. 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.
What changed
G.C. BATI
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€27,953
2024 · €31,762-€3,809
Equity
€193,137
2024 · €165,184+€27,953
Cash
€1,055
2024 · €1,247-€192
Balance sheet total
€670,848
2024 · €596,526+€74,321
Largest movements
Assets
- Receivables within one year +€67,887
up €67,887 (+78.4%), from €86,608 to €154,495
of which Trade receivables: +€60,197
Equity and liabilities
- Debts after one year +€47,563
up €47,563 (+16.9%), from €282,202 to €329,765
- Reserves +€27,953
up €27,953 (+19.1%), from €146,584 to €174,537
- Current portion of long-term debt +€8,734
up €8,734 (+25.1%), from €34,734 to €43,469
- Short-term financial debts -€7,390
down €7,390 (-39.1%), from €18,894 to €11,504
Income statement
- Purchases and services +€196,077
up €196,077 (+38.3%), from €512,332 to €708,409
- Depreciation +€6,993
up €6,993 (+19.8%), from €35,407 to €42,400
- Staff costs -€6,550
down €6,550 (-41.4%), from €15,825 to €9,276
- Gross operating margin -€4,864
down €4,864 (-4.3%), from €114,372 to €109,508
- Other operating charges -€1,155
down €1,155 (-45.9%), from €2,516 to €1,361
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.
Result 2024
€31,762
Gross operating margin
-€4,864
Staff costs
+€6,550
Depreciation
-€6,993
Other operating charges
+€1,155
Other operating items
-€64
Financial income
-€15
Financial charges
-€281
Taxes
+€703
Result 2025
€27,953
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1,347
Investment
-€47,753
Financing
+€48,907
Cash 2024
€1,247
From operations (derived)
-€1,347
Net result for the year
+€27,953
Depreciation
+€42,400
Stocks and contracts
+€1,496
Receivables within one year
-€67,887
Deferred charges and accrued income
-€2,769
Trade debts
-€738
Tax, wage and social debts
+€1,414
Other debts
-€3,214
Investment (derived)
-€47,753
Investment in fixed assets (net)
-€47,753
Financing
+€48,907
Debts after one year
+€47,563
Current portion of long-term debt
+€8,734
Short-term financial debts
-€7,390
Cash 2025
€1,055
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €596,526 | €670,848 | +€74,321 | +12.5% |
| Fixed assets | 21/28 | €449,953 | €455,306 | +€5,352 | +1.2% |
| Tangible fixed assets | 22/27 | €448,435 | €453,788 | +€5,352 | +1.2% |
| Land and buildings | 22 | €416,208 | €399,138 | -€17,070 | -4.1% |
| Plant, machinery and equipment | 23 | €26,627 | €15,410 | -€11,217 | -42.1% |
| Furniture and vehicles | 24 | €5,600 | €39,240 | +€33,640 | +601% |
| Financial fixed assets | 28 | €1,518 | €1,518 | = | 0.0% |
| Current assets | 29/58 | €146,573 | €215,542 | +€68,969 | +47.1% |
| Stocks and contracts in progress | 3 | €24,672 | €23,177 | -€1,496 | -6.1% |
| Stocks | 30/36 | €24,672 | €23,177 | -€1,496 | -6.1% |
| Amounts receivable within one year | 40/41 | €86,608 | €154,495 | +€67,887 | +78.4% |
| Trade receivables | 40 | €86,608 | €146,805 | +€60,197 | +69.5% |
| Other amounts receivable | 41 | €0 | €7,690 | +€7,690 | |
| Cash at bank and in hand | 54/58 | €1,247 | €1,055 | -€192 | -15.4% |
| Deferred charges and accrued income | 490/1 | €34,046 | €36,815 | +€2,769 | +8.1% |
| Total equity and liabilities | 10/49 | €596,526 | €670,848 | +€74,321 | +12.5% |
| Equity | 10/15 | €165,184 | €193,137 | +€27,953 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,584 | €174,537 | +€27,953 | +19.1% |
| Distributable reserves | 133 | €146,584 | €174,537 | +€27,953 | +19.1% |
| Amounts payable | 17/49 | €431,342 | €477,711 | +€46,369 | +10.7% |
| Amounts payable after more than one year | 17 | €282,202 | €329,765 | +€47,563 | +16.9% |
| Financial debts | 170/4 | €282,202 | €329,765 | +€47,563 | +16.9% |
| Amounts payable within one year | 42/48 | €149,140 | €147,945 | -€1,195 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €34,734 | €43,469 | +€8,734 | +25.1% |
| Financial debts | 43 | €18,894 | €11,504 | -€7,390 | -39.1% |
| Credit institutions | 430/8 | €18,894 | €11,504 | -€7,390 | -39.1% |
| Trade debts | 44 | €60,500 | €59,762 | -€738 | -1.2% |
| Suppliers | 440/4 | €60,500 | €59,762 | -€738 | -1.2% |
| Taxes, remuneration and social security | 45 | €19,200 | €20,614 | +€1,414 | +7.4% |
| Taxes | 450/3 | €17,595 | €19,328 | +€1,733 | +9.8% |
| Remuneration and social security | 454/9 | €1,604 | €1,285 | -€319 | -19.9% |
| Other amounts payable | 47/48 | €15,812 | €12,597 | -€3,214 | -20.3% |
| Non-recurring operating income | 76A | €14,015 | €0 | -€14,015 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €512,332 | €708,409 | +€196,077 | +38.3% |
| Remuneration, social security and pensions | 62 | €15,825 | €9,276 | -€6,550 | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,407 | €42,400 | +€6,993 | +19.8% |
| Other operating charges | 640/8 | €2,516 | €1,361 | -€1,155 | -45.9% |
| Non-recurring operating charges | 66A | €111 | €175 | +€64 | +57.5% |
| Gross operating margin | 9900 | €114,372 | €109,508 | -€4,864 | -4.3% |
| Operating profit (loss) | 9901 | €60,513 | €56,296 | -€4,217 | -7.0% |
| Financial income | 75/76B | €15 | €0 | -€15 | -98.8% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -98.8% |
| Financial charges | 65/66B | €19,408 | €19,689 | +€281 | +1.4% |
| Recurring financial charges | 65 | €18,831 | €18,881 | +€50 | +0.3% |
| Non-recurring financial charges | 66B | €577 | €808 | +€231 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €41,120 | €36,607 | -€4,513 | -11.0% |
| Income taxes | 67/77 | €9,358 | €8,654 | -€703 | -7.5% |
| Profit (loss) for the period | 9904 | €31,762 | €27,953 | -€3,809 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,762 | €27,953 | -€3,809 | -12.0% |
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 23 October 2026 via checked.be.