Gaël Batailde: 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.
Gaël Batailde
Largest movements
- Cash +€68,902
up €68,902 (+1,694%), from €4,069 to €72,971
mainly Net result for the year (+€94,534) and Tax, wage and social debts (+€26,499)
- Receivables within one year +€24,813
new in 2025: €24,813
- Deferred charges and accrued income +€24,099
up €24,099 (+1,993%), from €1,209 to €25,308
- Reserves +€93,701
new in 2025: €93,701
- Tax, wage and social debts +€26,499
up €26,499 (+13,749%), from €193 to €26,692
- Gross operating margin +€120,287
up €120,287 (+14,602%), from €824 to €121,111
- Taxes +€26,499
up €26,499 (+13,749%), from €193 to €26,692
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 | €5,278 | €123,912 | +€118,634 | +2,248% |
| Fixed assets | 21/28 | - | €820 | +€820 | |
| Tangible fixed assets | 22/27 | - | €820 | +€820 | |
| Plant, machinery and equipment | 23 | - | €820 | +€820 | |
| Current assets | 29/58 | €5,278 | €123,091 | +€117,814 | +2,232% |
| Amounts receivable within one year | 40/41 | - | €24,813 | +€24,813 | |
| Other amounts receivable | 41 | - | €24,813 | +€24,813 | |
| Cash at bank and in hand | 54/58 | €4,069 | €72,971 | +€68,902 | +1,694% |
| Deferred charges and accrued income | 490/1 | €1,209 | €25,308 | +€24,099 | +1,993% |
| Total equity and liabilities | 10/49 | €5,278 | €123,912 | +€118,634 | +2,248% |
| Equity | 10/15 | €2,000 | €95,701 | +€93,701 | +4,685% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €93,701 | +€93,701 | |
| Distributable reserves | 133 | - | €93,701 | +€93,701 | |
| Amounts payable | 17/49 | €3,278 | €28,211 | +€24,933 | +761% |
| Amounts payable within one year | 42/48 | €3,278 | €28,211 | +€24,933 | +761% |
| Trade debts | 44 | €1,643 | €686 | -€957 | -58.3% |
| Suppliers | 440/4 | €1,643 | €686 | -€957 | -58.3% |
| Taxes, remuneration and social security | 45 | €193 | €26,692 | +€26,499 | +13,749% |
| Taxes | 450/3 | €193 | €26,692 | +€26,499 | +13,749% |
| Other amounts payable | 47/48 | €1,441 | €833 | -€608 | -42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €359 | +€359 | |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €824 | €121,111 | +€120,287 | +14,602% |
| Operating profit (loss) | 9901 | €824 | €120,633 | +€119,809 | +14,544% |
| Financial income | 75/76B | €0 | €678 | +€678 | +6,779,300% |
| Recurring financial income | 75 | €0 | €678 | +€678 | +6,779,300% |
| Financial charges | 65/66B | €8 | €85 | +€77 | +1,030% |
| Recurring financial charges | 65 | €8 | €85 | +€77 | +1,030% |
| Profit (loss) for the period before taxes | 9903 | €816 | €121,226 | +€120,410 | +14,751% |
| Income taxes | 67/77 | €193 | €26,692 | +€26,499 | +13,749% |
| Profit (loss) for the period | 9904 | €624 | €94,534 | +€93,910 | +15,061% |
| Profit (loss) for the period to be appropriated | 9905 | €624 | €94,534 | +€93,910 | +15,061% |
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 15 October 2026 via checked.be.