SMR 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.
SMR BATI
Largest movements
- Receivables within one year -€184,613
down €184,613 (-58.4%), from €316,090 to €131,477
of which Trade receivables: -€197,146
- Cash +€109,780
up €109,780 (+50.3%), from €218,348 to €328,128
mainly Receivables within one year (+€184,613) and Other debts (+€2,961)
- Profit (loss) carried forward -€60,733
down €60,733 (-17.4%), from €349,831 to €289,098
- Trade debts -€12,707
down €12,707 (-99.4%), from €12,780 to €73
- Gross operating margin -€117,489
down €117,489 (-83.8%), from €140,172 to €22,683
- Write-downs -€26,071
no longer reported in 2025 (was €26,071)
- Taxes -€9,315
down €9,315 (-92.1%), from €10,110 to €795
- Other operating charges -€3,813
down €3,813 (-82.4%), from €4,630 to €817
- Staff costs +€3,270
up €3,270 (+4.1%), from €79,438 to €82,708
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 | €536,653 | €461,892 | -€74,761 | -13.9% |
| Fixed assets | 21/28 | €2,214 | €2,286 | +€72 | +3.3% |
| Tangible fixed assets | 22/27 | €1,685 | €1,757 | +€72 | +4.3% |
| Furniture and vehicles | 24 | €1,685 | €1,757 | +€72 | +4.3% |
| Financial fixed assets | 28 | €529 | €529 | = | 0.0% |
| Current assets | 29/58 | €534,439 | €459,605 | -€74,833 | -14.0% |
| Amounts receivable within one year | 40/41 | €316,090 | €131,477 | -€184,613 | -58.4% |
| Trade receivables | 40 | €273,400 | €76,254 | -€197,146 | -72.1% |
| Other amounts receivable | 41 | €42,690 | €55,223 | +€12,533 | +29.4% |
| Cash at bank and in hand | 54/58 | €218,348 | €328,128 | +€109,780 | +50.3% |
| Total equity and liabilities | 10/49 | €536,653 | €461,892 | -€74,761 | -13.9% |
| Equity | 10/15 | €513,511 | €452,778 | -€60,733 | -11.8% |
| Contributions | 10/11 | €148,800 | €148,800 | = | 0.0% |
| Capital | 10 | €148,800 | €148,800 | = | 0.0% |
| Issued capital | 100 | €148,800 | €148,800 | = | 0.0% |
| Reserves | 13 | €14,880 | €14,880 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,880 | €14,880 | = | 0.0% |
| Legal reserve | 130 | €14,880 | €14,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | €349,831 | €289,098 | -€60,733 | -17.4% |
| Amounts payable | 17/49 | €23,142 | €9,113 | -€14,029 | -60.6% |
| Amounts payable within one year | 42/48 | €23,142 | €9,113 | -€14,029 | -60.6% |
| Trade debts | 44 | €12,780 | €73 | -€12,707 | -99.4% |
| Suppliers | 440/4 | €12,780 | €73 | -€12,707 | -99.4% |
| Taxes, remuneration and social security | 45 | €10,362 | €6,079 | -€4,282 | -41.3% |
| Taxes | 450/3 | €10,110 | €569 | -€9,540 | -94.4% |
| Remuneration and social security | 454/9 | €252 | €5,510 | +€5,258 | +2,086% |
| Other amounts payable | 47/48 | - | €2,961 | +€2,961 | |
| Remuneration, social security and pensions | 62 | €79,438 | €82,708 | +€3,270 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €903 | €944 | +€41 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,071 | - | -€26,071 | |
| Other operating charges | 640/8 | €4,630 | €817 | -€3,813 | -82.4% |
| Gross operating margin | 9900 | €140,172 | €22,683 | -€117,489 | -83.8% |
| Operating profit (loss) | 9901 | €29,130 | -€61,786 | -€90,916 | |
| Financial income | 75/76B | €2,863 | €2,121 | -€742 | -25.9% |
| Recurring financial income | 75 | €2,863 | €2,121 | -€742 | -25.9% |
| Financial charges | 65/66B | €608 | €273 | -€335 | -55.0% |
| Recurring financial charges | 65 | €608 | €273 | -€335 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | €31,386 | -€59,938 | -€91,323 | |
| Income taxes | 67/77 | €10,110 | €795 | -€9,315 | -92.1% |
| Profit (loss) for the period | 9904 | €21,276 | -€60,733 | -€82,009 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,276 | -€60,733 | -€82,009 |
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 20 October 2026 via checked.be.