M & BATIR: 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 & BATIR
Largest movements
- Cash +€198,056
up €198,056 (+153%), from €129,105 to €327,161
mainly Net result for the year (+€161,784) and Receivables within one year (+€27,929)
- Receivables within one year -€27,929
down €27,929 (-67.9%), from €41,159 to €13,231
of which Trade receivables: -€20,804
- Financial fixed assets -€10,000
down €10,000 (-100%), from €10,000 to €0
- Profit (loss) carried forward +€161,784
up €161,784 (+319%), from €50,745 to €212,529
- Financial income +€176,772
up €176,772 (+294,619,317%), from €0 to €176,772
of which Non-recurring financial income: +€176,771
- Gross operating margin +€17,518
up €17,518 (+65.4%), from -€26,779 to -€9,261
- Depreciation +€760
up €760 (+49.8%), from €1,526 to €2,286
- Purchases and services -€737
down €737 (-1.9%), from €39,392 to €38,655
- Other operating charges +€401
up €401 (+17.4%), from €2,300 to €2,701
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 | €337,425 | €496,657 | +€159,231 | +47.2% |
| Fixed assets | 21/28 | €32,629 | €21,723 | -€10,906 | -33.4% |
| Tangible fixed assets | 22/27 | €22,629 | €21,723 | -€906 | -4.0% |
| Land and buildings | 22 | €13,384 | €12,346 | -€1,038 | -7.8% |
| Plant, machinery and equipment | 23 | €9,056 | €9,377 | +€321 | +3.5% |
| Furniture and vehicles | 24 | €189 | €0 | -€189 | -100% |
| Financial fixed assets | 28 | €10,000 | €0 | -€10,000 | -100% |
| Current assets | 29/58 | €304,796 | €474,934 | +€170,137 | +55.8% |
| Stocks and contracts in progress | 3 | €134,252 | €134,252 | = | 0.0% |
| Stocks | 30/36 | €134,252 | €134,252 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,159 | €13,231 | -€27,929 | -67.9% |
| Trade receivables | 40 | €25,804 | €5,000 | -€20,804 | -80.6% |
| Other amounts receivable | 41 | €15,355 | €8,231 | -€7,125 | -46.4% |
| Cash at bank and in hand | 54/58 | €129,105 | €327,161 | +€198,056 | +153% |
| Deferred charges and accrued income | 490/1 | €280 | €290 | +€11 | +3.8% |
| Total equity and liabilities | 10/49 | €337,425 | €496,657 | +€159,231 | +47.2% |
| Equity | 10/15 | €209,375 | €371,158 | +€161,784 | +77.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €8,629 | €8,629 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,629 | €8,629 | = | 0.0% |
| Legal reserve | 130 | €8,629 | €8,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,745 | €212,529 | +€161,784 | +319% |
| Amounts payable | 17/49 | €128,051 | €125,498 | -€2,553 | -2.0% |
| Amounts payable within one year | 42/48 | €128,051 | €125,498 | -€2,553 | -2.0% |
| Trade debts | 44 | - | €447 | +€447 | |
| Suppliers | 440/4 | - | €447 | +€447 | |
| Taxes, remuneration and social security | 45 | €1,327 | - | -€1,327 | |
| Taxes | 450/3 | €1,327 | - | -€1,327 | |
| Other amounts payable | 47/48 | €126,724 | €125,051 | -€1,673 | -1.3% |
| Non-recurring operating income | 76A | €1 | - | -€1 | |
| Goods, raw materials, services and sundry goods | 60/61 | €39,392 | €38,655 | -€737 | -1.9% |
| Remuneration, social security and pensions | 62 | €379 | €0 | -€379 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,526 | €2,286 | +€760 | +49.8% |
| Other operating charges | 640/8 | €2,300 | €2,701 | +€401 | +17.4% |
| Non-recurring operating charges | 66A | €7 | €43 | +€36 | +518% |
| Gross operating margin | 9900 | -€26,779 | -€9,261 | +€17,518 | +65.4% |
| Operating profit (loss) | 9901 | -€30,991 | -€14,291 | +€16,699 | +53.9% |
| Financial income | 75/76B | €0 | €176,772 | +€176,772 | +294,619,317% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +500% |
| Non-recurring financial income | 76B | - | €176,771 | +€176,771 | |
| Financial charges | 65/66B | €273 | €318 | +€46 | +16.7% |
| Recurring financial charges | 65 | €232 | €222 | -€10 | -4.3% |
| Non-recurring financial charges | 66B | €41 | €96 | +€55 | +135% |
| Profit (loss) for the period before taxes | 9903 | -€31,263 | €162,162 | +€193,425 | |
| Income taxes | 67/77 | €0 | €378 | +€378 | +3,782,100% |
| Profit (loss) for the period | 9904 | -€31,263 | €161,784 | +€193,047 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,263 | €161,784 | +€193,047 |
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 28 October 2026 via checked.be.