V - BAT: what changed
What changed
V - BAT
NACE 43.310, Plastering work
filed annual accounts (NBB)
Net result for the year
€386
2024 · -€785+€1,170
Equity
€38,883
2024 · €38,497+€386
Cash
€2,209
2024 · €1,605+€605
Balance sheet total
€86,155
2024 · €94,705-€8,551
Largest movements
Assets
- Tangible fixed assets -€8,157
down €8,157 (-24.9%), from €32,804 to €24,647
of which Furniture and vehicles: -€7,300
Equity and liabilities
- Trade debts -€14,458
down €14,458 (-78.5%), from €18,412 to €3,954
- Short-term financial debts +€13,914
up €13,914 (+145%), from €9,576 to €23,490
- Debts after one year -€7,678
down €7,678 (-41.4%), from €18,550 to €10,872
- Tax, wage and social debts -€1,100
down €1,100 (-46.3%), from €2,378 to €1,278
Income statement
- Gross operating margin +€2,366
up €2,366 (+22.9%), from €10,313 to €12,678
- Depreciation +€1,952
up €1,952 (+31.5%), from €6,205 to €8,157
- Taxes -€1,116
down €1,116 (-81.8%), from €1,364 to €248
- Financial income -€935
down €935 (-99.7%), from €938 to €2
- Other operating charges -€912
down €912 (-65.9%), from €1,383 to €471
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€785
Gross operating margin
+€2,366
Staff costs
-€71
Depreciation
-€1,952
Other operating charges
+€912
Financial income
-€935
Financial charges
-€265
Taxes
+€1,116
Result 2025
€386
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€6,017
Investment
€0
Financing
+€6,621
Cash 2024
€1,605
From operations (derived)
-€6,017
Net result for the year
+€386
Depreciation
+€8,157
Receivables within one year
+€562
Deferred charges and accrued income
+€436
Trade debts
-€14,458
Tax, wage and social debts
-€1,100
Financing
+€6,621
Debts after one year
-€7,678
Current portion of long-term debt
+€385
Short-term financial debts
+€13,914
Cash 2025
€2,209
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,705 | €86,155 | -€8,551 | -9.0% |
| Fixed assets | 21/28 | €33,941 | €25,785 | -€8,157 | -24.0% |
| Tangible fixed assets | 22/27 | €32,804 | €24,647 | -€8,157 | -24.9% |
| Plant, machinery and equipment | 23 | €1,609 | €752 | -€857 | -53.2% |
| Furniture and vehicles | 24 | €31,195 | €23,895 | -€7,300 | -23.4% |
| Financial fixed assets | 28 | €1,138 | €1,138 | = | 0.0% |
| Current assets | 29/58 | €60,764 | €60,370 | -€394 | -0.6% |
| Amounts receivable within one year | 40/41 | €38,642 | €38,080 | -€562 | -1.5% |
| Trade receivables | 40 | €6,918 | €7,817 | +€899 | +13.0% |
| Other amounts receivable | 41 | €31,724 | €30,263 | -€1,462 | -4.6% |
| Current investments | 50/53 | €20,081 | €20,081 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,605 | €2,209 | +€605 | +37.7% |
| Deferred charges and accrued income | 490/1 | €436 | - | -€436 | |
| Total equity and liabilities | 10/49 | €94,705 | €86,155 | -€8,551 | -9.0% |
| Equity | 10/15 | €38,497 | €38,883 | +€386 | +1.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,497 | €28,883 | +€386 | +1.4% |
| Amounts payable | 17/49 | €56,208 | €47,272 | -€8,936 | -15.9% |
| Amounts payable after more than one year | 17 | €18,550 | €10,872 | -€7,678 | -41.4% |
| Financial debts | 170/4 | €18,550 | €10,872 | -€7,678 | -41.4% |
| Amounts payable within one year | 42/48 | €37,658 | €36,400 | -€1,259 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €7,293 | €7,678 | +€385 | +5.3% |
| Financial debts | 43 | €9,576 | €23,490 | +€13,914 | +145% |
| Credit institutions | 430/8 | €9,576 | €23,490 | +€13,914 | +145% |
| Trade debts | 44 | €18,412 | €3,954 | -€14,458 | -78.5% |
| Suppliers | 440/4 | €18,412 | €3,954 | -€14,458 | -78.5% |
| Taxes, remuneration and social security | 45 | €2,378 | €1,278 | -€1,100 | -46.3% |
| Taxes | 450/3 | €2,378 | €1,278 | -€1,100 | -46.3% |
| Remuneration, social security and pensions | 62 | - | €71 | +€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,205 | €8,157 | +€1,952 | +31.5% |
| Other operating charges | 640/8 | €1,383 | €471 | -€912 | -65.9% |
| Gross operating margin | 9900 | €10,313 | €12,678 | +€2,366 | +22.9% |
| Operating profit (loss) | 9901 | €2,725 | €3,979 | +€1,254 | +46.0% |
| Financial income | 75/76B | €938 | €2 | -€935 | -99.7% |
| Recurring financial income | 75 | €938 | €2 | -€935 | -99.7% |
| Financial charges | 65/66B | €3,084 | €3,349 | +€265 | +8.6% |
| Recurring financial charges | 65 | €3,084 | €3,349 | +€265 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €579 | €633 | +€54 | +9.4% |
| Income taxes | 67/77 | €1,364 | €248 | -€1,116 | -81.8% |
| Profit (loss) for the period | 9904 | -€785 | €386 | +€1,170 | |
| Profit (loss) for the period to be appropriated | 9905 | -€785 | €386 | +€1,170 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.