MD BATI: 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.
MD BATI
Largest movements
- Stocks and contracts +€354,832
up €354,832 (+67.9%), from €522,625 to €877,457
- Short-term financial debts +€346,195
up €346,195 (+103.3%), from €335,000 to €681,195
- Debts after one year +€41,655
up €41,655 (+16.2%), from €257,000 to €298,655
- Profit (loss) carried forward -€31,768
down €31,768 (-88.3%), from -€35,959 to -€67,727
- Financial charges +€12,971
up €12,971 (+121.9%), from €10,638 to €23,609
- Gross operating margin +€6,036
up €6,036 (+45.7%), from -€13,197 to -€7,161
- Financial income -€2,726
down €2,726 (-74.2%), from €3,677 to €950
- Depreciation -€1,579
down €1,579 (-51.4%), from €3,073 to €1,493
- Other operating charges -€171
down €171 (-27.3%), from €626 to €455
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 | €571,672 | €929,702 | +€358,030 | +62.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,270 | €4,277 | +€3,007 | +236.6% |
| Tangible fixed assets | 22/27 | €1,270 | €4,277 | +€3,007 | +236.6% |
| Furniture and vehicles | 24 | €1,270 | €4,277 | +€3,007 | +236.6% |
| Current assets | 29/58 | €570,402 | €925,425 | +€355,024 | +62.2% |
| Stocks and contracts in progress | 3 | €522,625 | €877,457 | +€354,832 | +67.9% |
| Stocks | 30/36 | €522,625 | €877,457 | +€354,832 | +67.9% |
| Amounts receivable within one year | 40/41 | €10,007 | €4,569 | -€5,438 | -54.3% |
| Trade receivables | 40 | €285 | €0 | -€285 | -100.0% |
| Other amounts receivable | 41 | €9,721 | €4,569 | -€5,153 | -53.0% |
| Cash at bank and in hand | 54/58 | €37,436 | €42,879 | +€5,443 | +14.5% |
| Deferred charges and accrued income | 490/1 | €334 | €521 | +€187 | +55.9% |
| Total equity and liabilities | 10/49 | €571,672 | €929,702 | +€358,030 | +62.6% |
| Equity | 10/15 | -€33,959 | -€65,727 | -€31,768 | -93.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,959 | -€67,727 | -€31,768 | -88.3% |
| Amounts payable | 17/49 | €605,631 | €995,429 | +€389,798 | +64.4% |
| Amounts payable after more than one year | 17 | €257,000 | €298,655 | +€41,655 | +16.2% |
| Other amounts payable | 178/9 | €257,000 | €298,655 | +€41,655 | +16.2% |
| Amounts payable within one year | 42/48 | €348,631 | €696,774 | +€348,143 | +99.9% |
| Financial debts | 43 | €335,000 | €681,195 | +€346,195 | +103.3% |
| Credit institutions | 430/8 | €335,000 | €681,195 | +€346,195 | +103.3% |
| Trade debts | 44 | €13,631 | €15,580 | +€1,949 | +14.3% |
| Suppliers | 440/4 | €13,631 | €15,580 | +€1,949 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,073 | €1,493 | -€1,579 | -51.4% |
| Other operating charges | 640/8 | €626 | €455 | -€171 | -27.3% |
| Gross operating margin | 9900 | -€13,197 | -€7,161 | +€6,036 | +45.7% |
| Operating profit (loss) | 9901 | -€16,896 | -€9,110 | +€7,786 | +46.1% |
| Financial income | 75/76B | €3,677 | €950 | -€2,726 | -74.2% |
| Recurring financial income | 75 | €3,677 | €950 | -€2,726 | -74.2% |
| Financial charges | 65/66B | €10,638 | €23,609 | +€12,971 | +121.9% |
| Recurring financial charges | 65 | €10,638 | €23,609 | +€12,971 | +121.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,856 | -€31,768 | -€7,912 | -33.2% |
| Profit (loss) for the period | 9904 | -€23,856 | -€31,768 | -€7,912 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,856 | -€31,768 | -€7,912 | -33.2% |
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 7 October 2026 via checked.be.