Batimax: what changed
Two fiscal 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.
Batimax
Largest movements
- Cash -€50,265
down €50,265 (-40.1%), from €125,344 to €75,079
mainly Net result for the year (-€38,096) and Other debts (-€15,051)
- Tangible fixed assets -€17,339
down €17,339 (-12.9%), from €134,509 to €117,170
of which Furniture and vehicles: -€17,339
- Receivables within one year +€3,000
up €3,000 (+7.7%), from €38,889 to €41,889
of which Other amounts receivable: +€1,848
- Profit (loss) carried forward -€38,096
new in 2025: -€38,096
- Other debts -€15,051
down €15,051 (-22.2%), from €67,935 to €52,884
- Debts after one year -€9,937
down €9,937 (-17.2%), from €57,695 to €47,758
- Tax, wage and social debts -€3,549
no longer reported in 2025 (was €3,549)
- Gross operating margin -€172,612
down €172,612, from €155,613 to -€16,998
- Taxes -€99,075
no longer reported in 2025 (was €99,075)
- Other operating charges -€93,363
down €93,363 (-98.2%), from €95,084 to €1,721
- Depreciation +€5,353
up €5,353 (+44.7%), from €11,986 to €17,339
- Financial charges -€5,023
down €5,023 (-65.7%), from €7,647 to €2,624
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.
Cash bridge derived
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 | €299,487 | €234,234 | -€65,253 | -21.8% |
| Fixed assets | 21/28 | €134,509 | €117,170 | -€17,339 | -12.9% |
| Tangible fixed assets | 22/27 | €134,509 | €117,170 | -€17,339 | -12.9% |
| Land and buildings | 22 | €59,800 | €59,800 | = | 0.0% |
| Furniture and vehicles | 24 | €74,709 | €57,370 | -€17,339 | -23.2% |
| Current assets | 29/58 | €164,978 | €117,064 | -€47,914 | -29.0% |
| Amounts receivable within one year | 40/41 | €38,889 | €41,889 | +€3,000 | +7.7% |
| Trade receivables | 40 | - | €1,152 | +€1,152 | |
| Other amounts receivable | 41 | €38,889 | €40,737 | +€1,848 | +4.8% |
| Cash at bank and in hand | 54/58 | €125,344 | €75,079 | -€50,265 | -40.1% |
| Deferred charges and accrued income | 490/1 | €745 | €96 | -€649 | -87.1% |
| Total equity and liabilities | 10/49 | €299,487 | €234,234 | -€65,253 | -21.8% |
| Equity | 10/15 | €157,462 | €119,366 | -€38,096 | -24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €138,862 | €138,862 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,976 | €45,976 | = | 0.0% |
| Distributable reserves | 133 | €87,928 | €87,928 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€38,096 | -€38,096 | |
| Amounts payable | 17/49 | €142,025 | €114,868 | -€27,157 | -19.1% |
| Amounts payable after more than one year | 17 | €57,695 | €47,758 | -€9,937 | -17.2% |
| Financial debts | 170/4 | €57,695 | €47,758 | -€9,937 | -17.2% |
| Amounts payable within one year | 42/48 | €84,191 | €67,110 | -€17,081 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €9,562 | €9,937 | +€375 | +3.9% |
| Trade debts | 44 | €3,145 | €4,289 | +€1,143 | +36.4% |
| Suppliers | 440/4 | €3,145 | €4,289 | +€1,143 | +36.4% |
| Taxes, remuneration and social security | 45 | €3,549 | - | -€3,549 | |
| Taxes | 450/3 | €3,549 | - | -€3,549 | |
| Other amounts payable | 47/48 | €67,935 | €52,884 | -€15,051 | -22.2% |
| Accrued charges and deferred income | 492/3 | €139 | - | -€139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,986 | €17,339 | +€5,353 | +44.7% |
| Other operating charges | 640/8 | €95,084 | €1,721 | -€93,363 | -98.2% |
| Gross operating margin | 9900 | €155,613 | -€16,998 | -€172,612 | |
| Operating profit (loss) | 9901 | €48,544 | -€36,058 | -€84,602 | |
| Financial income | 75/76B | €2,251 | €586 | -€1,665 | -74.0% |
| Recurring financial income | 75 | €2,251 | €586 | -€1,665 | -74.0% |
| Financial charges | 65/66B | €7,647 | €2,624 | -€5,023 | -65.7% |
| Recurring financial charges | 65 | €7,647 | €2,624 | -€5,023 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €43,148 | -€38,096 | -€81,243 | |
| Transfer from deferred taxes | 780 | €115,344 | - | -€115,344 | |
| Income taxes | 67/77 | €99,075 | - | -€99,075 | |
| Profit (loss) for the period | 9904 | €59,416 | -€38,096 | -€97,512 | |
| Transfer from tax-exempt reserves | 789 | €220,101 | - | -€220,101 | |
| Profit (loss) for the period to be appropriated | 9905 | €279,517 | -€38,096 | -€317,613 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.