VS BÂTI TEAM: what changed
VS BÂTI TEAM
Largest movements
- Receivables within one year -€60,518
down €60,518 (-14.1%), from €429,133 to €368,615
of which Trade receivables: -€133,836
- Cash -€9,954
down €9,954 (-53.5%), from €18,618 to €8,665
mainly Tax, wage and social debts (-€65,643) and Trade debts (-€34,290)
- Tax, wage and social debts -€65,643
down €65,643 (-95.7%), from €68,566 to €2,923
of which Taxes: -€60,493
- Trade debts -€34,290
down €34,290 (-58.2%), from €58,929 to €24,639
- Profit (loss) carried forward +€27,607
up €27,607 (+8.6%), from €322,111 to €349,719
- Accrued charges and deferred income +€5,250
new in 2026: €5,250
- Gross operating margin -€24,932
down €24,932 (-39.6%), from €62,954 to €38,022
- Taxes -€7,510
down €7,510 (-75.6%), from €9,927 to €2,417
- Other operating charges -€4,190
no longer reported in 2026 (was €4,190)
- Financial charges -€1,449
down €1,449 (-74.5%), from €1,945 to €496
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €457,667 | €390,592 | -€67,075 | -14.7% |
| Fixed assets | 21/28 | €8,919 | €10,198 | +€1,280 | +14.3% |
| Tangible fixed assets | 22/27 | €7,013 | €8,292 | +€1,280 | +18.2% |
| Plant, machinery and equipment | 23 | €4,061 | €4,161 | +€100 | +2.5% |
| Furniture and vehicles | 24 | €2,952 | €4,131 | +€1,180 | +40.0% |
| Financial fixed assets | 28 | €1,906 | €1,906 | = | 0.0% |
| Current assets | 29/58 | €448,748 | €380,393 | -€68,355 | -15.2% |
| Amounts receivable within one year | 40/41 | €429,133 | €368,615 | -€60,518 | -14.1% |
| Trade receivables | 40 | €240,887 | €107,051 | -€133,836 | -55.6% |
| Other amounts receivable | 41 | €188,246 | €261,564 | +€73,318 | +38.9% |
| Cash at bank and in hand | 54/58 | €18,618 | €8,665 | -€9,954 | -53.5% |
| Deferred charges and accrued income | 490/1 | €997 | €3,114 | +€2,117 | +212% |
| Total equity and liabilities | 10/49 | €457,667 | €390,592 | -€67,075 | -14.7% |
| Equity | 10/15 | €330,171 | €357,779 | +€27,607 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €322,111 | €349,719 | +€27,607 | +8.6% |
| Amounts payable | 17/49 | €127,495 | €32,813 | -€94,682 | -74.3% |
| Amounts payable within one year | 42/48 | €127,495 | €27,563 | -€99,932 | -78.4% |
| Trade debts | 44 | €58,929 | €24,639 | -€34,290 | -58.2% |
| Suppliers | 440/4 | €58,929 | €24,639 | -€34,290 | -58.2% |
| Taxes, remuneration and social security | 45 | €68,566 | €2,923 | -€65,643 | -95.7% |
| Taxes | 450/3 | €63,416 | €2,923 | -€60,493 | -95.4% |
| Remuneration and social security | 454/9 | €5,150 | - | -€5,150 | |
| Accrued charges and deferred income | 492/3 | - | €5,250 | +€5,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,095 | €7,502 | +€407 | +5.7% |
| Other operating charges | 640/8 | €4,190 | - | -€4,190 | |
| Gross operating margin | 9900 | €62,954 | €38,022 | -€24,932 | -39.6% |
| Operating profit (loss) | 9901 | €51,669 | €30,520 | -€21,149 | -40.9% |
| Financial income | 75/76B | €70 | €0 | -€70 | -99.8% |
| Recurring financial income | 75 | €70 | €0 | -€70 | -99.8% |
| Financial charges | 65/66B | €1,945 | €496 | -€1,449 | -74.5% |
| Recurring financial charges | 65 | €1,945 | €496 | -€1,449 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | €49,795 | €30,025 | -€19,770 | -39.7% |
| Income taxes | 67/77 | €9,927 | €2,417 | -€7,510 | -75.6% |
| Profit (loss) for the period | 9904 | €39,868 | €27,607 | -€12,260 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,868 | €27,607 | -€12,260 | -30.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.