HET BATALJON: 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.
HET BATALJON
Largest movements
- Tangible fixed assets -€38,491
down €38,491 (-6.7%), from €575,093 to €536,602
- Receivables within one year +€20,260
up €20,260 (+16.6%), from €122,241 to €142,501
of which Trade receivables: +€22,420
- Intangible fixed assets -€11,632
down €11,632 (-26.4%), from €44,060 to €32,429
- Debts after one year -€56,163
down €56,163 (-13.4%), from €419,832 to €363,669
- Trade debts +€29,864
up €29,864 (+194.5%), from €15,352 to €45,216
- Tax, wage and social debts +€17,013
up €17,013 (+30.5%), from €55,797 to €72,810
of which Taxes: +€19,656
- Reserves -€14,536
down €14,536 (-21.3%), from €68,187 to €53,650
of which Distributable reserves: -€14,536
- Gross operating margin -€41,050
down €41,050 (-10.4%), from €396,609 to €355,559
- Staff costs -€10,796
down €10,796 (-4.3%), from €250,671 to €239,875
- Taxes +€6,665
new in 2025: €6,665
- Depreciation +€6,254
up €6,254 (+8.5%), from €73,233 to €79,486
- Financial charges -€4,457
down €4,457 (-22.0%), from €20,237 to €15,780
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 | €815,223 | €787,979 | -€27,244 | -3.3% |
| Fixed assets | 21/28 | €619,628 | €569,505 | -€50,123 | -8.1% |
| Intangible fixed assets | 21 | €44,060 | €32,429 | -€11,632 | -26.4% |
| Tangible fixed assets | 22/27 | €575,093 | €536,602 | -€38,491 | -6.7% |
| Land and buildings | 22 | €453,263 | €436,717 | -€16,546 | -3.7% |
| Plant, machinery and equipment | 23 | €51,094 | €35,421 | -€15,673 | -30.7% |
| Furniture and vehicles | 24 | €5,184 | €13,024 | +€7,840 | +151.2% |
| Leasing and similar rights | 25 | €42,569 | €31,377 | -€11,191 | -26.3% |
| Other tangible fixed assets | 26 | €22,984 | €20,063 | -€2,921 | -12.7% |
| Financial fixed assets | 28 | €475 | €475 | = | 0.0% |
| Current assets | 29/58 | €195,595 | €218,474 | +€22,879 | +11.7% |
| Amounts receivable after more than one year | 29 | €6,000 | - | -€6,000 | |
| Other amounts receivable | 291 | €6,000 | - | -€6,000 | |
| Amounts receivable within one year | 40/41 | €122,241 | €142,501 | +€20,260 | +16.6% |
| Trade receivables | 40 | €103,778 | €126,198 | +€22,420 | +21.6% |
| Other amounts receivable | 41 | €18,462 | €16,303 | -€2,160 | -11.7% |
| Cash at bank and in hand | 54/58 | €66,189 | €72,231 | +€6,042 | +9.1% |
| Deferred charges and accrued income | 490/1 | €1,166 | €3,742 | +€2,577 | +221.1% |
| Total equity and liabilities | 10/49 | €815,223 | €787,979 | -€27,244 | -3.3% |
| Equity | 10/15 | €138,037 | €123,500 | -€14,536 | -10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €51,250 | €51,250 | = | 0.0% |
| Reserves | 13 | €68,187 | €53,650 | -€14,536 | -21.3% |
| Non-distributable reserves | 130/1 | €1,210 | €1,210 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,210 | €1,210 | = | 0.0% |
| Distributable reserves | 133 | €66,977 | €52,440 | -€14,536 | -21.7% |
| Amounts payable | 17/49 | €677,187 | €664,479 | -€12,707 | -1.9% |
| Amounts payable after more than one year | 17 | €419,832 | €363,669 | -€56,163 | -13.4% |
| Financial debts | 170/4 | €419,832 | €363,669 | -€56,163 | -13.4% |
| Amounts payable within one year | 42/48 | €257,354 | €300,810 | +€43,456 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €58,223 | €56,163 | -€2,060 | -3.5% |
| Financial debts | 43 | €127,982 | €126,621 | -€1,362 | -1.1% |
| Credit institutions | 430/8 | €127,982 | €126,621 | -€1,362 | -1.1% |
| Trade debts | 44 | €15,352 | €45,216 | +€29,864 | +194.5% |
| Suppliers | 440/4 | €15,352 | €45,216 | +€29,864 | +194.5% |
| Taxes, remuneration and social security | 45 | €55,797 | €72,810 | +€17,013 | +30.5% |
| Taxes | 450/3 | €28,458 | €48,114 | +€19,656 | +69.1% |
| Remuneration and social security | 454/9 | €27,339 | €24,696 | -€2,643 | -9.7% |
| Remuneration, social security and pensions | 62 | €250,671 | €239,875 | -€10,796 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,233 | €79,486 | +€6,254 | +8.5% |
| Other operating charges | 640/8 | €5,317 | €4,015 | -€1,302 | -24.5% |
| Gross operating margin | 9900 | €396,609 | €355,559 | -€41,050 | -10.4% |
| Operating profit (loss) | 9901 | €67,388 | €32,182 | -€35,206 | -52.2% |
| Financial income | 75/76B | €806 | €726 | -€79 | -9.8% |
| Recurring financial income | 75 | €806 | €726 | -€79 | -9.8% |
| Financial charges | 65/66B | €20,237 | €15,780 | -€4,457 | -22.0% |
| Recurring financial charges | 65 | €20,237 | €15,780 | -€4,457 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €47,957 | €17,129 | -€30,828 | -64.3% |
| Income taxes | 67/77 | - | €6,665 | +€6,665 | |
| Profit (loss) for the period | 9904 | €47,957 | €10,464 | -€37,493 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,957 | €10,464 | -€37,493 | -78.2% |
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 11 October 2026 via checked.be.