BATI-MAT: 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.
BATI-MAT
Largest movements
- Stocks and contracts +€195,703
up €195,703 (+29.2%), from €670,441 to €866,144
- Receivables within one year -€68,426
down €68,426 (-20.0%), from €342,085 to €273,659
of which Trade receivables: -€74,409
- Receivables after one year +€68,047
up €68,047 (+50.5%), from €134,640 to €202,687
of which Trade receivables: +€80,000
- Cash -€64,785
down €64,785 (-40.7%), from €159,043 to €94,258
mainly Stocks and contracts (-€195,703) and Receivables after one year (-€68,047)
- Trade debts +€123,726
up €123,726 (+14.6%), from €846,210 to €969,936
- Profit (loss) carried forward +€20,915
up €20,915 (+4.3%), from €480,956 to €501,871
- Tax, wage and social debts -€20,648
down €20,648 (-42.0%), from €49,127 to €28,480
of which Taxes: -€25,717
- Staff costs +€80,269
up €80,269 (+83.2%), from €96,451 to €176,721
- Write-downs -€41,796
down €41,796 (-51.7%), from €80,796 to €39,000
- Depreciation -€9,585
down €9,585 (-25.2%), from €38,100 to €28,515
- Taxes -€3,811
down €3,811 (-21.4%), from €17,828 to €14,017
- Financial charges +€2,909
up €2,909 (+53.9%), from €5,398 to €8,308
of which Non-recurring financial charges: +€4,034
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 | €1,457,389 | €1,577,449 | +€120,060 | +8.2% |
| Fixed assets | 21/28 | €151,123 | €135,805 | -€15,318 | -10.1% |
| Tangible fixed assets | 22/27 | €151,000 | €135,682 | -€15,318 | -10.1% |
| Plant, machinery and equipment | 23 | - | €7,907 | +€7,907 | |
| Furniture and vehicles | 24 | €28,102 | €19,781 | -€8,321 | -29.6% |
| Leasing and similar rights | 25 | €4,611 | - | -€4,611 | |
| Other tangible fixed assets | 26 | €54,286 | €43,994 | -€10,292 | -19.0% |
| Assets under construction and advance payments | 27 | €64,000 | €64,000 | = | 0.0% |
| Financial fixed assets | 28 | €123 | €123 | = | 0.0% |
| Current assets | 29/58 | €1,306,266 | €1,441,644 | +€135,378 | +10.4% |
| Amounts receivable after more than one year | 29 | €134,640 | €202,687 | +€68,047 | +50.5% |
| Trade receivables | 290 | - | €80,000 | +€80,000 | |
| Other amounts receivable | 291 | €134,640 | €122,687 | -€11,953 | -8.9% |
| Stocks and contracts in progress | 3 | €670,441 | €866,144 | +€195,703 | +29.2% |
| Stocks | 30/36 | €670,441 | €866,144 | +€195,703 | +29.2% |
| Amounts receivable within one year | 40/41 | €342,085 | €273,659 | -€68,426 | -20.0% |
| Trade receivables | 40 | €339,913 | €265,504 | -€74,409 | -21.9% |
| Other amounts receivable | 41 | €2,172 | €8,155 | +€5,983 | +275% |
| Cash at bank and in hand | 54/58 | €159,043 | €94,258 | -€64,785 | -40.7% |
| Deferred charges and accrued income | 490/1 | €56 | €4,896 | +€4,839 | +8,592% |
| Total equity and liabilities | 10/49 | €1,457,389 | €1,577,449 | +€120,060 | +8.2% |
| Equity | 10/15 | €549,127 | €570,041 | +€20,915 | +3.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €480,956 | €501,871 | +€20,915 | +4.3% |
| Amounts payable | 17/49 | €908,262 | €1,007,408 | +€99,146 | +10.9% |
| Amounts payable within one year | 42/48 | €908,262 | €1,007,408 | +€99,146 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €12,925 | €6,851 | -€6,074 | -47.0% |
| Trade debts | 44 | €846,210 | €969,936 | +€123,726 | +14.6% |
| Suppliers | 440/4 | €846,210 | €969,936 | +€123,726 | +14.6% |
| Advances received on contracts in progress | 46 | - | €2,141 | +€2,141 | |
| Taxes, remuneration and social security | 45 | €49,127 | €28,480 | -€20,648 | -42.0% |
| Taxes | 450/3 | €33,993 | €8,276 | -€25,717 | -75.7% |
| Remuneration and social security | 454/9 | €15,134 | €20,204 | +€5,070 | +33.5% |
| Remuneration, social security and pensions | 62 | €96,451 | €176,721 | +€80,269 | +83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,100 | €28,515 | -€9,585 | -25.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €80,796 | €39,000 | -€41,796 | -51.7% |
| Other operating charges | 640/8 | €16,480 | €16,616 | +€136 | +0.8% |
| Gross operating margin | 9900 | €287,147 | €285,342 | -€1,805 | -0.6% |
| Operating profit (loss) | 9901 | €55,319 | €24,491 | -€30,828 | -55.7% |
| Financial income | 75/76B | €20,743 | €18,748 | -€1,994 | -9.6% |
| Recurring financial income | 75 | €20,743 | €18,748 | -€1,994 | -9.6% |
| Financial charges | 65/66B | €5,398 | €8,308 | +€2,909 | +53.9% |
| Recurring financial charges | 65 | €5,398 | €4,273 | -€1,125 | -20.8% |
| Non-recurring financial charges | 66B | - | €4,034 | +€4,034 | |
| Profit (loss) for the period before taxes | 9903 | €70,663 | €34,931 | -€35,732 | -50.6% |
| Income taxes | 67/77 | €17,828 | €14,017 | -€3,811 | -21.4% |
| Profit (loss) for the period | 9904 | €52,835 | €20,915 | -€31,921 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,835 | €20,915 | -€31,921 | -60.4% |
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 18 October 2026 via checked.be.