Les Batons: what changed
Two fiscal 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.
Les Batons
Largest movements
- Current investments -€18,458
down €18,458 (-17.9%), from €103,162 to €84,704
- Tangible fixed assets -€6,086
down €6,086 (-8.8%), from €69,218 to €63,132
of which Plant, machinery and equipment: -€4,095
- Accrued charges and deferred income -€18,458
down €18,458 (-19.2%), from €96,298 to €77,840
- Trade debts -€7,927
down €7,927 (-93.1%), from €8,513 to €586
- Depreciation -€1,915
down €1,915 (-15.5%), from €12,319 to €10,404
- Gross operating margin +€1,322
up €1,322 (+10.4%), from €12,695 to €14,017
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 | €254,923 | €228,577 | -€26,347 | -10.3% |
| Fixed assets | 21/28 | €69,218 | €63,132 | -€6,086 | -8.8% |
| Tangible fixed assets | 22/27 | €69,218 | €63,132 | -€6,086 | -8.8% |
| Land and buildings | 22 | €30,445 | €29,525 | -€919 | -3.0% |
| Plant, machinery and equipment | 23 | €29,192 | €25,097 | -€4,095 | -14.0% |
| Furniture and vehicles | 24 | €6,881 | €5,809 | -€1,072 | -15.6% |
| Other tangible fixed assets | 26 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €185,706 | €165,445 | -€20,260 | -10.9% |
| Amounts receivable within one year | 40/41 | €20,025 | €20,356 | +€331 | +1.7% |
| Other amounts receivable | 41 | €20,025 | €20,356 | +€331 | +1.7% |
| Current investments | 50/53 | €103,162 | €84,704 | -€18,458 | -17.9% |
| Cash at bank and in hand | 54/58 | €62,302 | €60,168 | -€2,134 | -3.4% |
| Deferred charges and accrued income | 490/1 | €217 | €218 | +€1 | +0.5% |
| Total equity and liabilities | 10/49 | €254,923 | €228,577 | -€26,347 | -10.3% |
| Equity | 10/15 | €146,276 | €146,551 | +€275 | +0.2% |
| Contributions | 10/11 | €99,579 | €99,579 | = | 0.0% |
| Capital | 10 | €99,579 | €99,579 | = | 0.0% |
| Issued capital | 100 | €148,739 | €148,739 | = | 0.0% |
| Uncalled capital | 101 | €49,160 | €49,160 | = | 0.0% |
| Reserves | 13 | €14,874 | €14,874 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,823 | €32,099 | +€275 | +0.9% |
| Amounts payable | 17/49 | €108,647 | €82,026 | -€26,622 | -24.5% |
| Amounts payable after more than one year | 17 | €3,600 | €3,600 | = | 0.0% |
| Other amounts payable | 178/9 | €3,600 | €3,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,750 | €586 | -€8,164 | -93.3% |
| Trade debts | 44 | €8,513 | €586 | -€7,927 | -93.1% |
| Suppliers | 440/4 | €8,513 | €586 | -€7,927 | -93.1% |
| Other amounts payable | 47/48 | €237 | €0 | -€237 | -100.0% |
| Accrued charges and deferred income | 492/3 | €96,298 | €77,840 | -€18,458 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,319 | €10,404 | -€1,915 | -15.5% |
| Other operating charges | 640/8 | €3,182 | €3,282 | +€100 | +3.2% |
| Non-recurring operating charges | 66A | €1,516 | €0 | -€1,516 | -100.0% |
| Gross operating margin | 9900 | €12,695 | €14,017 | +€1,322 | +10.4% |
| Operating profit (loss) | 9901 | -€4,321 | €331 | +€4,653 | |
| Financial income | 75/76B | €23 | €33 | +€10 | +45.3% |
| Recurring financial income | 75 | €23 | €33 | +€10 | +45.3% |
| Financial charges | 65/66B | €87 | €89 | +€2 | +1.7% |
| Recurring financial charges | 65 | €87 | €89 | +€2 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,386 | €275 | +€4,661 | |
| Profit (loss) for the period | 9904 | -€4,386 | €275 | +€4,661 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,386 | €275 | +€4,661 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.