NEW BATIVEL: 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.
What changed
NEW BATIVEL
NACE 46.832, Wholesale of timber
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€196,694
2024 · €18,036-€214,730
Equity
€14.4m
2024 · €3.5m+€10.9m
Cash
€27,600
2024 · €86,691-€59,091
Balance sheet total
€22.8m
2024 · €12.3m+€10.6m
Largest movements
Assets
- Tangible fixed assets +€10.9m
up €10.9m (+130.7%), from €8.3m to €19.2m
Equity and liabilities
- Revaluation surpluses +€11.1m
new in 2025: €11.1m
Income statement
- Gross operating margin -€481,485
down €481,485 (-54.0%), from €890,816 to €409,332
- Staff costs -€262,207
down €262,207 (-94.4%), from €277,798 to €15,591
- Financial charges -€71,643
down €71,643 (-25.4%), from €281,663 to €210,020
- Other operating charges +€28,102
up €28,102 (+37.8%), from €74,337 to €102,439
- Financial income -€23,662
down €23,662 (-73.6%), from €32,169 to €8,507
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.
Result 2024
€18,036
Gross operating margin
-€481,485
Staff costs
+€262,207
Depreciation
-€22,545
Other operating charges
-€28,102
Financial income
-€23,662
Financial charges
+€71,643
Taxes
+€7,215
Result 2025
-€196,694
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.
From operations
+€182,830
Investment
-€11.2m
Financing
+€10.9m
Cash 2024
€86,691
From operations (derived)
+€182,830
Net result for the year
-€196,694
Depreciation
+€286,482
Receivables after one year
+€126,963
Receivables within one year
+€125,795
Trade debts
-€103,708
Tax, wage and social debts
-€56,008
Investment (derived)
-€11.2m
Investment in fixed assets (net)
-€11.2m
Financing
+€10.9m
Debts after one year
-€136,079
Current portion of long-term debt
+€2,352
Contributions, distributions and other
+€11.1m
Cash 2025
€27,600
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,265,474 | €22,829,337 | +€10.6m | +86.1% |
| Fixed assets | 21/28 | €11,823,657 | €22,699,369 | +€10.9m | +92.0% |
| Tangible fixed assets | 22/27 | €8,323,657 | €19,199,369 | +€10.9m | +130.7% |
| Land and buildings | 22 | €8,323,657 | €19,199,369 | +€10.9m | +130.7% |
| Financial fixed assets | 28 | €3,500,000 | €3,500,000 | = | 0.0% |
| Current assets | 29/58 | €441,817 | €129,968 | -€311,849 | -70.6% |
| Amounts receivable after more than one year | 29 | €126,963 | €0 | -€126,963 | -100.0% |
| Other amounts receivable | 291 | €126,963 | €0 | -€126,963 | -100.0% |
| Amounts receivable within one year | 40/41 | €228,163 | €102,368 | -€125,795 | -55.1% |
| Trade receivables | 40 | €225,378 | €97,083 | -€128,295 | -56.9% |
| Other amounts receivable | 41 | €2,785 | €5,285 | +€2,500 | +89.8% |
| Cash at bank and in hand | 54/58 | €86,691 | €27,600 | -€59,091 | -68.2% |
| Total equity and liabilities | 10/49 | €12,265,474 | €22,829,337 | +€10.6m | +86.1% |
| Equity | 10/15 | €3,506,002 | €14,363,308 | +€10.9m | +309.7% |
| Contributions | 10/11 | €223,550 | €223,550 | = | 0.0% |
| Capital | 10 | €223,550 | €223,550 | = | 0.0% |
| Issued capital | 100 | €223,550 | €223,550 | = | 0.0% |
| Revaluation surpluses | 12 | - | €11,054,000 | +€11.1m | |
| Reserves | 13 | €3,271,973 | €3,072,355 | -€199,618 | -6.1% |
| Non-distributable reserves | 130/1 | €22,355 | €22,355 | = | 0.0% |
| Legal reserve | 130 | €22,355 | €22,355 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,618 | €0 | -€49,618 | -100.0% |
| Distributable reserves | 133 | €3,200,000 | €3,050,000 | -€150,000 | -4.7% |
| Profit (loss) carried forward | 14 | €10,479 | €13,403 | +€2,924 | +27.9% |
| Amounts payable | 17/49 | €8,759,472 | €8,466,029 | -€293,443 | -3.4% |
| Amounts payable after more than one year | 17 | €8,437,776 | €8,301,697 | -€136,079 | -1.6% |
| Financial debts | 170/4 | €8,437,776 | €8,301,697 | -€136,079 | -1.6% |
| Amounts payable within one year | 42/48 | €321,696 | €164,332 | -€157,364 | -48.9% |
| Current portion of amounts payable after more than one year | 42 | €129,787 | €132,139 | +€2,352 | +1.8% |
| Trade debts | 44 | €108,085 | €4,377 | -€103,708 | -96.0% |
| Suppliers | 440/4 | €108,085 | €4,377 | -€103,708 | -96.0% |
| Taxes, remuneration and social security | 45 | €61,324 | €5,316 | -€56,008 | -91.3% |
| Taxes | 450/3 | €56,554 | €5,316 | -€51,238 | -90.6% |
| Remuneration and social security | 454/9 | €4,771 | €0 | -€4,771 | -100.0% |
| Other amounts payable | 47/48 | €22,500 | €22,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €277,798 | €15,591 | -€262,207 | -94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263,937 | €286,482 | +€22,545 | +8.5% |
| Other operating charges | 640/8 | €74,337 | €102,439 | +€28,102 | +37.8% |
| Gross operating margin | 9900 | €890,816 | €409,332 | -€481,485 | -54.0% |
| Operating profit (loss) | 9901 | €274,744 | €4,820 | -€269,924 | -98.2% |
| Financial income | 75/76B | €32,169 | €8,507 | -€23,662 | -73.6% |
| Recurring financial income | 75 | €32,169 | €8,507 | -€23,662 | -73.6% |
| Financial charges | 65/66B | €281,663 | €210,020 | -€71,643 | -25.4% |
| Recurring financial charges | 65 | €281,663 | €210,020 | -€71,643 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €25,250 | -€196,694 | -€221,944 | |
| Income taxes | 67/77 | €7,215 | €0 | -€7,215 | -100.0% |
| Profit (loss) for the period | 9904 | €18,036 | -€196,694 | -€214,730 | |
| Transfer from tax-exempt reserves | 789 | €13,532 | €49,618 | +€36,086 | +266.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,568 | -€147,076 | -€178,644 |
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.