SM 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.
SM BATI
Largest movements
- Stocks and contracts +€83,455
new in 2025: €83,455
- Tangible fixed assets -€66,396
down €66,396 (-72.7%), from €91,346 to €24,950
of which Land and buildings: -€60,000
- Cash +€1,885
up €1,885 (+23.3%), from €8,076 to €9,961
mainly Investment in fixed assets (net) (+€50,798) and Net result for the year (+€21,952)
- Reserves +€21,000
up €21,000 (+63.6%), from €33,000 to €54,000
- Other debts -€7,734
down €7,734 (-52.0%), from €14,859 to €7,125
- Trade debts +€5,667
up €5,667 (+49.2%), from €11,523 to €17,190
- Debts after one year -€4,220
down €4,220 (-9.8%), from €43,269 to €39,049
- Tax, wage and social debts +€2,084
up €2,084 (+77.3%), from €2,697 to €4,780
- Gross operating margin +€18,631
up €18,631 (+52.5%), from €35,510 to €54,141
- Taxes +€4,830
up €4,830 (+93.8%), from €5,150 to €9,980
- Depreciation +€4,001
up €4,001 (+34.5%), from €11,598 to €15,598
- Financial charges -€1,897
down €1,897 (-24.7%), from €7,673 to €5,777
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 | €139,133 | €156,202 | +€17,069 | +12.3% |
| Fixed assets | 21/28 | €93,396 | €27,000 | -€66,396 | -71.1% |
| Tangible fixed assets | 22/27 | €91,346 | €24,950 | -€66,396 | -72.7% |
| Land and buildings | 22 | €60,000 | - | -€60,000 | |
| Furniture and vehicles | 24 | €31,346 | €24,950 | -€6,396 | -20.4% |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €45,737 | €129,202 | +€83,465 | +182% |
| Stocks and contracts in progress | 3 | - | €83,455 | +€83,455 | |
| Stocks | 30/36 | - | €83,455 | +€83,455 | |
| Amounts receivable within one year | 40/41 | €35,556 | €34,424 | -€1,132 | -3.2% |
| Trade receivables | 40 | €20,100 | €11,450 | -€8,650 | -43.0% |
| Other amounts receivable | 41 | €15,456 | €22,974 | +€7,518 | +48.6% |
| Cash at bank and in hand | 54/58 | €8,076 | €9,961 | +€1,885 | +23.3% |
| Deferred charges and accrued income | 490/1 | €2,106 | €1,362 | -€744 | -35.3% |
| Total equity and liabilities | 10/49 | €139,133 | €156,202 | +€17,069 | +12.3% |
| Equity | 10/15 | €62,718 | €83,838 | +€21,119 | +33.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €33,000 | €54,000 | +€21,000 | +63.6% |
| Distributable reserves | 133 | €33,000 | €54,000 | +€21,000 | +63.6% |
| Profit (loss) carried forward | 14 | €21,718 | €21,838 | +€119 | +0.5% |
| Amounts payable | 17/49 | €76,415 | €72,364 | -€4,050 | -5.3% |
| Amounts payable after more than one year | 17 | €43,269 | €39,049 | -€4,220 | -9.8% |
| Financial debts | 170/4 | €43,269 | €39,049 | -€4,220 | -9.8% |
| Amounts payable within one year | 42/48 | €33,145 | €33,315 | +€170 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €4,067 | €4,220 | +€153 | +3.8% |
| Trade debts | 44 | €11,523 | €17,190 | +€5,667 | +49.2% |
| Suppliers | 440/4 | €11,523 | €17,190 | +€5,667 | +49.2% |
| Taxes, remuneration and social security | 45 | €2,697 | €4,780 | +€2,084 | +77.3% |
| Taxes | 450/3 | €2,697 | €4,780 | +€2,084 | +77.3% |
| Other amounts payable | 47/48 | €14,859 | €7,125 | -€7,734 | -52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,598 | €15,598 | +€4,001 | +34.5% |
| Other operating charges | 640/8 | €1,096 | €858 | -€238 | -21.7% |
| Non-recurring operating charges | 66A | €1,223 | - | -€1,223 | |
| Gross operating margin | 9900 | €35,510 | €54,141 | +€18,631 | +52.5% |
| Operating profit (loss) | 9901 | €21,593 | €37,685 | +€16,092 | +74.5% |
| Financial income | 75/76B | €10 | €25 | +€15 | +148% |
| Recurring financial income | 75 | €10 | €25 | +€15 | +148% |
| Financial charges | 65/66B | €7,673 | €5,777 | -€1,897 | -24.7% |
| Recurring financial charges | 65 | €7,673 | €5,777 | -€1,897 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €13,930 | €31,933 | +€18,003 | +129% |
| Income taxes | 67/77 | €5,150 | €9,980 | +€4,830 | +93.8% |
| Profit (loss) for the period | 9904 | €8,780 | €21,952 | +€13,173 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €8,780 | €21,952 | +€13,173 | +150% |
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 16 October 2026 via checked.be.