NICO BATI: 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.
NICO BATI
Largest movements
- Receivables within one year +€31,518
up €31,518 (+138%), from €22,891 to €54,409
of which Trade receivables: +€29,451
- Cash -€19,940
down €19,940 (-84.2%), from €23,669 to €3,730
mainly Receivables within one year (-€31,518) and Trade debts (-€11,301)
- Tangible fixed assets +€1,159
up €1,159 (+375%), from €309 to €1,468
- Other debts +€15,509
up €15,509 (+138%), from €11,242 to €26,751
- Trade debts -€11,301
no longer reported in 2025 (was €11,301)
- Profit (loss) carried forward +€10,453
up €10,453 (+211%), from €4,962 to €15,415
- Tax, wage and social debts -€1,400
no longer reported in 2025 (was €1,400)
- Gross operating margin +€21,598
up €21,598 (+332%), from €6,505 to €28,103
- Staff costs +€17,227
new in 2025: €17,227
- Taxes -€1,500
down €1,500, from €1,400 to -€100
- Financial charges +€342
new in 2025: €342
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 | €46,905 | €60,166 | +€13,261 | +28.3% |
| Fixed assets | 21/28 | €309 | €1,468 | +€1,159 | +375% |
| Tangible fixed assets | 22/27 | €309 | €1,468 | +€1,159 | +375% |
| Plant, machinery and equipment | 23 | €309 | €1,468 | +€1,159 | +375% |
| Current assets | 29/58 | €46,595 | €58,698 | +€12,102 | +26.0% |
| Amounts receivable within one year | 40/41 | €22,891 | €54,409 | +€31,518 | +138% |
| Trade receivables | 40 | €20,218 | €49,670 | +€29,451 | +146% |
| Other amounts receivable | 41 | €2,672 | €4,739 | +€2,067 | +77.4% |
| Cash at bank and in hand | 54/58 | €23,669 | €3,730 | -€19,940 | -84.2% |
| Deferred charges and accrued income | 490/1 | €35 | €559 | +€524 | +1,478% |
| Total equity and liabilities | 10/49 | €46,905 | €60,166 | +€13,261 | +28.3% |
| Equity | 10/15 | €22,962 | €33,415 | +€10,453 | +45.5% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Capital | 10 | €18,000 | €18,000 | = | 0.0% |
| Issued capital | 100 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,962 | €15,415 | +€10,453 | +211% |
| Amounts payable | 17/49 | €23,943 | €26,751 | +€2,808 | +11.7% |
| Amounts payable within one year | 42/48 | €23,943 | €26,751 | +€2,808 | +11.7% |
| Trade debts | 44 | €11,301 | - | -€11,301 | |
| Suppliers | 440/4 | €11,301 | - | -€11,301 | |
| Taxes, remuneration and social security | 45 | €1,400 | - | -€1,400 | |
| Taxes | 450/3 | €1,400 | - | -€1,400 | |
| Other amounts payable | 47/48 | €11,242 | €26,751 | +€15,509 | +138% |
| Remuneration, social security and pensions | 62 | - | €17,227 | +€17,227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10 | €258 | +€248 | +2,582% |
| Other operating charges | 640/8 | €135 | €71 | -€64 | -47.4% |
| Gross operating margin | 9900 | €6,505 | €28,103 | +€21,598 | +332% |
| Operating profit (loss) | 9901 | €6,361 | €10,548 | +€4,187 | +65.8% |
| Financial income | 75/76B | €1 | €147 | +€146 | +29,222% |
| Recurring financial income | 75 | €1 | €147 | +€146 | +29,222% |
| Financial charges | 65/66B | - | €342 | +€342 | |
| Recurring financial charges | 65 | - | €342 | +€342 | |
| Profit (loss) for the period before taxes | 9903 | €6,362 | €10,352 | +€3,991 | +62.7% |
| Income taxes | 67/77 | €1,400 | -€100 | -€1,500 | |
| Profit (loss) for the period | 9904 | €4,962 | €10,453 | +€5,491 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €4,962 | €10,453 | +€5,491 | +111% |
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 26 October 2026 via checked.be.