M BAT SRI: 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.
M BAT SRI
Largest movements
- Cash +€47,777
up €47,777 (+2,224%), from €2,148 to €49,925
mainly Debts after one year (+€13,784) and Net result for the year (+€12,546)
- Tangible fixed assets -€11,572
down €11,572 (-24.2%), from €47,915 to €36,343
- Debts after one year +€13,784
up €13,784 (+46.8%), from €29,438 to €43,222
- Profit (loss) carried forward +€12,546
up €12,546 (+52.5%), from €23,886 to €36,432
- Current portion of long-term debt +€12,179
up €12,179 (+134%), from €9,089 to €21,268
- Trade debts -€6,662
down €6,662 (-96.4%), from €6,911 to €249
- Tax, wage and social debts +€4,715
up €4,715 (+64.7%), from €7,288 to €12,003
of which Taxes: +€5,828
- Depreciation +€8,503
up €8,503 (+277%), from €3,069 to €11,572
- Taxes -€2,418
down €2,418 (-39.2%), from €6,175 to €3,757
- Gross operating margin -€2,253
down €2,253 (-6.7%), from €33,465 to €31,212
- Financial charges +€2,233
up €2,233 (+4,466%), from €50 to €2,283
- Other operating charges +€766
up €766 (+266%), from €288 to €1,054
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 | €79,612 | €116,929 | +€37,317 | +46.9% |
| Fixed assets | 21/28 | €47,915 | €36,343 | -€11,572 | -24.2% |
| Tangible fixed assets | 22/27 | €47,915 | €36,343 | -€11,572 | -24.2% |
| Furniture and vehicles | 24 | €47,915 | €36,343 | -€11,572 | -24.2% |
| Current assets | 29/58 | €31,697 | €80,586 | +€48,889 | +154% |
| Amounts receivable within one year | 40/41 | €27,728 | €28,525 | +€797 | +2.9% |
| Trade receivables | 40 | €17,895 | €28,525 | +€10,630 | +59.4% |
| Other amounts receivable | 41 | €9,833 | - | -€9,833 | |
| Cash at bank and in hand | 54/58 | €2,148 | €49,925 | +€47,777 | +2,224% |
| Deferred charges and accrued income | 490/1 | €1,821 | €2,136 | +€315 | +17.3% |
| Total equity and liabilities | 10/49 | €79,612 | €116,929 | +€37,317 | +46.9% |
| Equity | 10/15 | €26,886 | €39,432 | +€12,546 | +46.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,886 | €36,432 | +€12,546 | +52.5% |
| Amounts payable | 17/49 | €52,726 | €77,497 | +€24,771 | +47.0% |
| Amounts payable after more than one year | 17 | €29,438 | €43,222 | +€13,784 | +46.8% |
| Financial debts | 170/4 | €29,438 | €43,222 | +€13,784 | +46.8% |
| Amounts payable within one year | 42/48 | €23,288 | €34,275 | +€10,987 | +47.2% |
| Current portion of amounts payable after more than one year | 42 | €9,089 | €21,268 | +€12,179 | +134% |
| Trade debts | 44 | €6,911 | €249 | -€6,662 | -96.4% |
| Suppliers | 440/4 | €6,911 | €249 | -€6,662 | -96.4% |
| Taxes, remuneration and social security | 45 | €7,288 | €12,003 | +€4,715 | +64.7% |
| Taxes | 450/3 | €6,175 | €12,003 | +€5,828 | +94.4% |
| Remuneration and social security | 454/9 | €1,113 | - | -€1,113 | |
| Other amounts payable | 47/48 | - | €755 | +€755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,069 | €11,572 | +€8,503 | +277% |
| Other operating charges | 640/8 | €288 | €1,054 | +€766 | +266% |
| Gross operating margin | 9900 | €33,465 | €31,212 | -€2,253 | -6.7% |
| Operating profit (loss) | 9901 | €30,108 | €18,586 | -€11,522 | -38.3% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €50 | €2,283 | +€2,233 | +4,466% |
| Recurring financial charges | 65 | €50 | €2,283 | +€2,233 | +4,466% |
| Profit (loss) for the period before taxes | 9903 | €30,061 | €16,303 | -€13,758 | -45.8% |
| Income taxes | 67/77 | €6,175 | €3,757 | -€2,418 | -39.2% |
| Profit (loss) for the period | 9904 | €23,886 | €12,546 | -€11,340 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,886 | €12,546 | -€11,340 | -47.5% |
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.