SIV BAT: 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.
SIV BAT
Largest movements
- Receivables within one year +€169,066
up €169,066 (+162%), from €104,587 to €273,653
of which Other amounts receivable: +€186,564
- Cash -€49,627
down €49,627 (-66.2%), from €75,002 to €25,375
mainly Receivables within one year (-€169,066) and Contributions, distributions and other (-€70,000)
- Tangible fixed assets -€5,845
down €5,845 (-38.1%), from €15,334 to €9,490
of which Furniture and vehicles: -€4,595
- Trade debts +€94,831
up €94,831 (+95.9%), from €98,906 to €193,737
of which Suppliers: +€145,561
- Tax, wage and social debts +€29,667
up €29,667 (+53.8%), from €55,110 to €84,776
of which Taxes: +€16,767
- Other debts -€21,000
down €21,000 (-30.0%), from €70,000 to €49,000
- Profit (loss) carried forward +€9,670
up €9,670 (+61.9%), from €15,634 to €25,304
- Purchases and services -€182,628
down €182,628 (-24.5%), from €746,913 to €564,286
- Turnover -€100,880
down €100,880 (-12.6%), from €802,023 to €701,142
- Gross operating margin +€81,747
up €81,747 (+148%), from €55,109 to €136,857
- Other operating charges +€19,986
up €19,986 (+1,975%), from €1,012 to €20,997
- Taxes +€17,324
up €17,324 (+138%), from €12,560 to €29,884
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 | €245,872 | €359,018 | +€113,146 | +46.0% |
| Fixed assets | 21/28 | €16,834 | €10,990 | -€5,845 | -34.7% |
| Tangible fixed assets | 22/27 | €15,334 | €9,490 | -€5,845 | -38.1% |
| Plant, machinery and equipment | 23 | €2,500 | €1,250 | -€1,250 | -50.0% |
| Furniture and vehicles | 24 | €12,834 | €8,239 | -€4,595 | -35.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €229,038 | €348,028 | +€118,990 | +52.0% |
| Amounts receivable after more than one year | 29 | €49,000 | €49,000 | = | 0.0% |
| Other amounts receivable | 291 | €49,000 | €49,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €104,587 | €273,653 | +€169,066 | +162% |
| Trade receivables | 40 | €46,903 | €29,405 | -€17,498 | -37.3% |
| Other amounts receivable | 41 | €57,684 | €244,248 | +€186,564 | +323% |
| Cash at bank and in hand | 54/58 | €75,002 | €25,375 | -€49,627 | -66.2% |
| Deferred charges and accrued income | 490/1 | €449 | - | -€449 | |
| Total equity and liabilities | 10/49 | €245,872 | €359,018 | +€113,146 | +46.0% |
| Equity | 10/15 | €21,834 | €31,504 | +€9,670 | +44.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,634 | €25,304 | +€9,670 | +61.9% |
| Amounts payable | 17/49 | €224,038 | €327,514 | +€103,475 | +46.2% |
| Amounts payable within one year | 42/48 | €224,038 | €327,514 | +€103,475 | +46.2% |
| Financial debts | 43 | €23 | - | -€23 | |
| Credit institutions | 430/8 | €23 | - | -€23 | |
| Trade debts | 44 | €98,906 | €193,737 | +€94,831 | +95.9% |
| Suppliers | 440/4 | €14,522 | €160,083 | +€145,561 | +1,002% |
| Bills of exchange payable | 441 | €84,383 | €33,654 | -€50,730 | -60.1% |
| Taxes, remuneration and social security | 45 | €55,110 | €84,776 | +€29,667 | +53.8% |
| Taxes | 450/3 | €42,560 | €59,326 | +€16,767 | +39.4% |
| Remuneration and social security | 454/9 | €12,550 | €25,450 | +€12,900 | +103% |
| Other amounts payable | 47/48 | €70,000 | €49,000 | -€21,000 | -30.0% |
| Turnover | 70 | €802,023 | €701,142 | -€100,880 | -12.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €746,913 | €564,286 | -€182,628 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,845 | €5,845 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,012 | €20,997 | +€19,986 | +1,975% |
| Gross operating margin | 9900 | €55,109 | €136,857 | +€81,747 | +148% |
| Operating profit (loss) | 9901 | €48,253 | €110,014 | +€61,762 | +128% |
| Financial charges | 65/66B | €2,611 | €460 | -€2,151 | -82.4% |
| Recurring financial charges | 65 | €2,611 | €460 | -€2,151 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €45,641 | €109,554 | +€63,913 | +140% |
| Income taxes | 67/77 | €12,560 | €29,884 | +€17,324 | +138% |
| Profit (loss) for the period | 9904 | €33,082 | €79,670 | +€46,589 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €33,082 | €79,670 | +€46,589 | +141% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.