BAS
Annual accounts 2025
abbreviated format, filed on 29-07-2026, 2 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €1.6m. Estimated: probably between €1.0m and €2.5m.
Balance sheet
balance sheet total €946,557 on 31-12-2025in euro
in euro
Position in the sector
46.7%
Higher than 61% of 12,853 companies in 2025.
1.75
Higher than 57% of 12,643 companies in 2025.
14.4%
Higher than 83% of 12,717 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff
€24,672
Staff costs divided by the average number of full-time equivalents.
+1 person
In 2025, 2 people joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
946,557 | 705,287 | 684,896 | 983,365 | 819,595 | 718,330 | 686,826 | 505,273 | 478,000 | 368,027 | 315,529 | 271,146 | 284,347 | 186,811 | 182,395 | 153,755 | 141,978 | 174,083 | 225,759 | 163,209 | |
21/28 |
193,806 | 124,427 | 57,347 | 71,606 | 67,573 | 64,877 | 36,233 | 48,497 | 69,471 | 45,266 | 22,214 | 8,962 | 9,280 | 13,748 | 3,623 | 17,047 | 31,649 | 44,568 | 58,196 | 7,519 | |
21 |
- | - | - | - | - | - | - | 900 | 1,800 | 2,700 | 3,600 | - | - | - | - | - | - | - | - | - | |
22/27 |
193,806 | 124,427 | 57,347 | 71,606 | 67,573 | 64,877 | 36,233 | 47,597 | 67,671 | 42,566 | 18,614 | 8,962 | 9,280 | 13,748 | 3,623 | 17,047 | 31,649 | 44,568 | 58,196 | 7,519 | |
23 |
50,616 | 12,934 | 19,816 | 25,774 | 23,959 | 9,734 | 24,760 | 31,390 | 46,500 | 42,566 | 8,052 | 3,120 | 1,272 | 2,523 | 1,905 | 2,888 | 3,952 | 1,816 | 2,133 | 3,278 | |
24 |
143,189 | 111,494 | 37,531 | 45,832 | 43,614 | 55,143 | 11,473 | 16,207 | 21,171 | - | 10,562 | 5,842 | 8,008 | 11,225 | 1,718 | 14,159 | 27,697 | 42,752 | 56,063 | 4,241 | |
29/58 |
752,752 | 580,860 | 627,549 | 911,759 | 752,022 | 653,454 | 650,593 | 456,776 | 408,529 | 322,761 | 293,315 | 262,184 | 275,067 | 173,063 | 178,772 | 136,709 | 110,329 | 129,515 | 167,563 | 155,690 | |
3 |
379,908 | 270,153 | 251,676 | 504,891 | 503,246 | 476,219 | 452,745 | 326,861 | 269,815 | 219,412 | 180,277 | 170,811 | 221,171 | 151,190 | 149,853 | 96,177 | 93,609 | 102,400 | 101,024 | 118,475 | |
30/36 |
379,908 | 270,153 | 251,676 | 504,891 | 503,246 | 476,219 | 452,745 | 326,861 | 269,815 | 219,412 | 180,277 | 170,811 | 221,171 | 151,190 | 149,853 | 96,177 | 93,609 | 102,400 | 101,024 | 118,475 | |
40/41 |
49,121 | 18,356 | 44,476 | 87,848 | 98,968 | 22,309 | 71,233 | 41,488 | 24,430 | 20,825 | 40,601 | 26,873 | 28,043 | 13,907 | 15,634 | 12,098 | 6,856 | 5,462 | 46,323 | 27,458 | |
40 |
10,821 | 18,217 | 44,454 | 78,507 | 89,135 | 21,729 | 71,233 | 39,409 | 20,284 | 14,610 | 40,601 | 26,873 | 21,487 | 13,907 | 15,634 | 12,098 | 6,856 | 5,459 | 46,061 | 27,458 | |
41 |
38,300 | 139 | 23 | 9,340 | 9,833 | 580 | - | 2,079 | 4,146 | 6,215 | - | - | 6,557 | - | - | - | - | 3 | 262 | - | |
54/58 |
309,896 | 283,941 | 312,427 | 304,824 | 141,583 | 144,794 | 116,556 | 78,798 | 113,084 | 81,323 | 71,238 | 62,692 | 25,589 | 6,978 | 11,678 | 27,384 | 9,719 | 19,937 | 18,197 | 9,126 | |
490/1 |
13,827 | 8,410 | 18,970 | 14,196 | 8,225 | 10,132 | 10,058 | 9,629 | 1,200 | 1,200 | 1,200 | 1,809 | 265 | 987 | 1,606 | 1,050 | 146 | 1,716 | 2,019 | 631 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
946,557 | 705,287 | 684,896 | 983,365 | 819,595 | 718,330 | 686,826 | 505,273 | 478,000 | 368,027 | 315,529 | 271,146 | 284,347 | 186,811 | 182,395 | 153,755 | 141,978 | 174,083 | 225,759 | 163,209 | |
10/15 |
441,816 | 395,949 | 388,948 | 363,964 | 356,703 | 343,410 | 343,013 | 272,164 | 206,531 | 144,670 | 128,623 | 96,458 | 65,571 | 49,699 | 33,681 | 35,007 | 27,630 | 43,379 | 47,521 | 45,006 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
13 |
36,692 | 36,692 | 36,692 | 36,692 | 36,692 | 36,692 | 36,692 | 36,692 | 36,692 | 17,942 | 17,942 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,638 | 1,638 | 1,638 | 1,511 | |
130/1 |
- | - | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,638 | 1,638 | 1,638 | 1,511 | |
1311 |
- | - | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
34,833 | 34,833 | 34,833 | 34,833 | 34,833 | 34,833 | 34,833 | 34,833 | 34,833 | 16,083 | 16,083 | - | - | - | - | - | - | - | - | - | |
133 |
1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
386,532 | 340,665 | 333,664 | 308,680 | 301,419 | 288,126 | 287,729 | 216,880 | 151,247 | 108,136 | 92,089 | 76,007 | 45,120 | 29,248 | 13,230 | 14,556 | 7,400 | 23,149 | 27,291 | 24,903 | |
17/49 |
504,741 | 309,339 | 295,948 | 619,401 | 462,892 | 374,920 | 343,813 | 233,109 | 271,469 | 223,357 | 186,906 | 174,688 | 218,777 | 137,112 | 148,714 | 118,749 | 114,348 | 130,704 | 178,238 | 118,203 | |
17 |
75,649 | 66,940 | - | 8,416 | 17,468 | 26,387 | 3,648 | 8,456 | 22,144 | 26,535 | 5,577 | - | 610 | 4,132 | - | 2,118 | 7,927 | 16,815 | 25,241 | - | |
170/4 |
75,649 | 66,940 | - | 8,416 | 17,468 | 26,387 | 3,648 | 8,456 | 22,144 | 26,535 | 5,577 | - | 610 | 4,132 | - | 2,118 | 7,927 | 16,815 | 25,241 | - | |
42/48 |
429,092 | 242,399 | 295,948 | 610,985 | 445,424 | 348,533 | 340,165 | 224,653 | 249,325 | 196,822 | 181,329 | 174,688 | 217,969 | 132,980 | 148,569 | 116,488 | 106,269 | 112,405 | 152,830 | 118,026 | |
42 |
33,452 | 19,421 | 8,416 | 9,052 | 8,919 | 12,436 | 4,808 | 13,687 | 22,274 | 17,208 | 1,936 | 610 | 3,521 | 3,291 | 2,118 | 5,809 | 8,888 | 8,425 | 7,987 | - | |
43 |
6,667 | 6,667 | 3,333 | 3,333 | 3,333 | 3,333 | 3,333 | 3,333 | 3,333 | 3,342 | - | - | - | - | - | - | - | - | - | - | |
430/8 |
6,667 | 6,667 | 3,333 | 3,333 | 3,333 | 3,333 | 3,333 | 3,333 | 3,333 | 3,342 | - | - | - | - | - | - | - | - | - | - | |
44 |
259,822 | 73,046 | 106,864 | 429,595 | 283,996 | 185,312 | 310,876 | 192,115 | 149,416 | 89,255 | 89,272 | 93,270 | 138,860 | 51,695 | 69,466 | 35,123 | 25,300 | 22,952 | 37,930 | 19,014 | |
440/4 |
259,822 | 73,046 | 106,864 | 429,595 | 283,996 | 185,312 | 310,876 | 192,115 | 149,416 | 89,255 | 89,272 | 93,270 | 138,860 | 51,695 | 69,466 | 35,123 | 25,300 | 22,952 | 37,930 | 19,014 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,000 | 4,042 | |
45 |
46,569 | 48,563 | 77,334 | 79,005 | 59,176 | 56,001 | 21,147 | 14,623 | 13,644 | 15,747 | 27,040 | 29,014 | 5,494 | 8,408 | 9,550 | 4,936 | 2,890 | 8,273 | 19,266 | 11,324 | |
450/3 |
28,385 | 36,747 | 63,057 | 70,095 | 53,337 | 43,239 | 16,872 | 12,696 | 12,245 | 12,113 | 23,023 | 27,045 | 5,331 | 8,408 | 9,550 | 4,936 | 2,890 | 8,194 | 15,014 | 7,979 | |
454/9 |
18,184 | 11,815 | 14,277 | 8,910 | 5,839 | 12,762 | 4,274 | 1,927 | 1,399 | 3,634 | 4,017 | 1,969 | 164 | - | - | - | - | 79 | 4,252 | 3,345 | |
47/48 |
82,582 | 94,702 | 100,000 | 90,000 | 90,000 | 91,450 | - | 894 | 60,657 | 71,270 | 63,081 | 51,794 | 70,094 | 69,586 | 67,435 | 70,620 | 69,191 | 72,755 | 83,647 | 83,646 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | 197 | - | 145 | 143 | 152 | 1,484 | 167 | 177 | |
| Income statement | |||||||||||||||||||||
76A |
5,454 | 14,478 | - | - | - | 3,497 | - | - | 4,500 | - | - | - | - | 6,044 | - | - | - | - | 124 | 261 | |
9900 |
306,292 | 243,937 | 211,989 | 194,518 | 202,117 | 189,899 | 164,565 | 130,719 | 117,330 | 59,106 | 65,314 | 62,269 | 35,834 | 20,333 | 16,179 | 25,698 | 8,975 | 17,991 | 43,501 | 30,393 | |
62 |
76,485 | 60,371 | 40,425 | 33,385 | 31,088 | 27,194 | 32,834 | 4,101 | 9,239 | 17,243 | 13,133 | 12,164 | 8,827 | - | - | - | 979 | 129 | 11,721 | 9,280 | |
630 |
54,839 | 42,729 | 28,071 | 24,629 | 25,473 | 23,806 | 24,197 | 20,974 | 22,287 | 15,522 | 8,189 | 3,973 | 4,468 | 5,221 | 14,696 | 15,376 | 17,429 | 16,708 | 17,479 | 3,533 | |
631/4 |
12,195 | 2,053 | -28,135 | 183 | 2,367 | 20,367 | 13,572 | 19,610 | 770 | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
6,178 | 8,660 | 1,116 | 3,204 | 2,730 | 4,857 | 3,753 | 1,344 | 1,478 | 1,071 | 2,409 | 2,451 | 1,032 | 1,155 | 1,626 | 2,055 | 1,946 | 3,634 | 7,773 | 4,219 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 145 | - | |
9901 |
156,595 | 130,123 | 170,513 | 133,117 | 140,459 | 113,675 | 90,208 | 84,690 | 83,555 | 25,270 | 41,582 | 43,681 | 21,508 | 13,957 | -143 | 8,266 | -11,378 | -2,480 | 6,528 | 13,361 | |
75/76B |
32,423 | 7,001 | 2,435 | 862 | 2,519 | 767 | 1,480 | 319 | 496 | 110 | 226 | 460 | 442 | 383 | 45 | 247 | 437 | 702 | 864 | 745 | |
75 |
32,423 | 7,001 | 2,435 | 862 | 2,519 | 767 | 1,480 | 319 | 496 | 110 | 226 | 460 | 442 | 383 | 45 | 247 | 437 | 702 | 864 | 745 | |
65/66B |
5,977 | 4,191 | 1,489 | 1,300 | 1,529 | 1,238 | 1,664 | 2,541 | 3,230 | 3,480 | 3,118 | 1,563 | 1,040 | 1,033 | 654 | 1,136 | 4,806 | 2,630 | 1,763 | 608 | |
65 |
5,977 | 4,191 | 1,489 | 1,300 | 1,529 | 1,238 | 1,664 | 2,541 | 3,230 | 3,480 | 3,118 | 1,563 | 1,040 | 1,033 | 654 | 1,136 | 4,806 | 2,630 | 1,763 | 608 | |
9903 |
183,041 | 132,934 | 171,458 | 132,679 | 141,449 | 113,205 | 90,025 | 82,468 | 80,822 | 21,900 | 38,691 | 42,577 | 20,910 | 19,351 | -752 | 7,377 | -15,747 | -4,408 | 5,608 | 13,759 | |
67/77 |
47,173 | 35,933 | 46,474 | 35,418 | 38,157 | 22,808 | 19,176 | 16,835 | 18,961 | 5,854 | 6,525 | 11,690 | 5,038 | 3,334 | 573 | - | 2 | -266 | 3,093 | 3,470 | |
9904 |
135,868 | 97,001 | 124,984 | 97,262 | 103,292 | 90,398 | 70,849 | 65,633 | 61,861 | 16,047 | 32,166 | 30,887 | 15,872 | 16,018 | -1,326 | 7,377 | -15,749 | -4,142 | 2,515 | 10,289 | |
689 |
- | - | - | - | - | - | - | - | 18,750 | - | 16,083 | - | - | - | - | - | - | - | - | - | |
9905 |
135,868 | 97,001 | 124,984 | 97,262 | 103,292 | 90,398 | 70,849 | 65,633 | 43,111 | 16,047 | 16,083 | 30,887 | 15,872 | 16,018 | -1,326 | 7,377 | -15,749 | -4,142 | 2,515 | 10,289 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
476,532 | 430,665 | 433,664 | 398,680 | 391,419 | 378,126 | 287,729 | 216,880 | 151,247 | 108,136 | 92,089 | 76,007 | 45,120 | 29,248 | 13,230 | 14,777 | 7,400 | 23,149 | 27,418 | 25,417 | |
14P |
340,665 | 333,664 | 308,680 | 301,419 | 288,126 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 221 | - | - | 127 | 514 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 221 | - | - | 127 | 514 | |
694/7 |
90,000 | 90,000 | 100,000 | 90,000 | 90,000 | 90,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
90,000 | 90,000 | 100,000 | 90,000 | 90,000 | 90,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
3.1 | 2.9 | 2.2 | 2 | 2 | 2 | 2 | 1.2 | 1 | 0.6 | 0.4 | 0.4 | 0.4 | - | - | - | 0.1 | 0.1 | 0.5 | 0.4 | |
Hours worked1013 |
3,786 | 3,267 | 2,036 | 1,770 | 1,778 | 1,611 | 1,892 | 190 | 426 | 1,084 | 701 | 699 | 687 | - | - | - | 30 | 40 | 893 | 711 | |
| Document | |||||||||||||||||||||
The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00345902 | |
| 31-12-2024 | full format | 11-06-2025 | 2025-00130423 | |
| 31-12-2023 | full format | 22-08-2024 | 2024-00359078 | |
| 31-12-2022 | full format | 08-06-2023 | 2023-00112797 | |
| 31-12-2021 | full format | 09-06-2022 | 2022-20052157 | |
| 31-12-2020 | full format | 04-06-2021 | 2021-17100064 | |
| 31-12-2019 | full format | 03-08-2020 | 2020-36900031 | |
| 31-12-2018 | full format | 19-08-2019 | 2019-46900430 | |
| 31-12-2017 | full format | 28-08-2018 | 2018-50600193 | |
| 31-12-2016 | full format | 28-06-2017 | 2017-22000079 | |
| 31-12-2015 | full format | 26-07-2016 | 2016-34800257 | |
| 31-12-2014 | full format | 21-08-2015 | 2015-44300154 | |
| 31-12-2013 | full format | 22-08-2014 | 2014-44500112 | |
| 31-12-2012 | full format | 25-06-2013 | 2013-20500276 | |
| 31-12-2011 | full format | 29-08-2012 | 2012-46700459 | |
| 31-12-2010 | full format | 30-08-2011 | 2011-47300421 | |
| 31-12-2009 | full format | 31-08-2010 | 2010-47900410 | |
| 31-12-2008 | full format | 11-08-2009 | 2009-56000256 | |
| 31-12-2007 | full format | 28-08-2008 | 2008-63300134 | |
| 31-12-2006 | full format | 06-07-2007 | 2007-35400246 | |
| 31-12-2005 | full format | 31-07-2006 | 2006-56302662 | |
| 31-12-2004 | full format | 31-08-2005 | 2005-65802543 | |
| 31-12-2003 | full format | 15-11-2004 | 2004-79000168 | |
| 31-12-2002 | full format | 09-09-2003 | 2003-65402332 | |
| 31-12-2001 | full format | 01-10-2002 | 2002-60703545 | |
| 31-12-2000 | full format | 17-09-2001 | 2001-56501455 | |
| 31-12-1999 | full format | 12-09-2000 | 2000-56004495 | |
| 31-12-1998 | full format | 17-09-1999 | 1999-47002846 | |
| 31-12-1997 | full format | 01-12-1998 | 1998-59800668 | |
| 31-12-1996 | full format | 10-03-1998 | 1998-04200345 | |
| 31-12-1995 | full format | 25-06-1996 | 1996-21403487 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 211,434 | 172,852 | 198,584 | 157,746 | 165,932 | 137,481 | 114,405 | 105,664 | 105,843 | 40,792 | 49,772 | 47,654 | 25,976 | 19,178 | 14,554 | 23,643 | 6,051 | 14,228 | 24,007 | 16,894 | ||
| 190,707 | 139,730 | 153,055 | 121,890 | 128,765 | 114,203 | 95,046 | 86,607 | 84,148 | 31,569 | 40,355 | 34,860 | 20,340 | 21,239 | 13,371 | 22,753 | 1,680 | 12,566 | 19,994 | 13,822 | ||
| 131,160 | 115,331 | 13,812 | 28,661 | 28,169 | 58,002 | 11,933 | 0 | 46,492 | 46,216 | 21,441 | 3,655 | 0 | 15,346 | 1,273 | 774 | 4,510 | 3,080 | 68,302 | 6,067 | ||
| 25,954 | -28,486 | 7,603 | 163,242 | -3,212 | 28,239 | 37,758 | -34,285 | 31,760 | 10,086 | 8,546 | 37,103 | 18,611 | -4,700 | -15,706 | 17,665 | -10,218 | 1,740 | 9,071 | - | ||
| 323,659 | 338,461 | 331,601 | 300,775 | 306,597 | 304,920 | 310,428 | 232,123 | 159,204 | 125,938 | 111,987 | 87,496 | 57,098 | 40,083 | 30,203 | 20,221 | 4,060 | 17,110 | 14,733 | 37,664 | ||
| 46.7% | 56.1% | 56.8% | 37.0% | 43.5% | 47.8% | 49.9% | 53.9% | 43.2% | 39.3% | 40.8% | 35.6% | 23.1% | 26.6% | 18.5% | 22.8% | 19.5% | 24.9% | 21.0% | 27.6% | ||
| 1.75 | 2.40 | 2.12 | 1.49 | 1.69 | 1.87 | 1.91 | 2.03 | 1.64 | 1.64 | 1.62 | 1.50 | 1.26 | 1.30 | 1.20 | 1.17 | 1.04 | 1.15 | 1.10 | 1.32 | ||
| 0.87 | 1.28 | 1.27 | 0.67 | 0.56 | 0.51 | 0.58 | 0.58 | 0.56 | 0.53 | 0.62 | 0.52 | 0.25 | 0.16 | 0.19 | 0.35 | 0.16 | 0.24 | 0.44 | 0.32 | ||
| 1.14 | 0.78 | 0.76 | 1.70 | 1.30 | 1.09 | 1.00 | 0.86 | 1.31 | 1.54 | 1.45 | 1.81 | 3.34 | 2.76 | 4.42 | 3.39 | 4.14 | 3.01 | 3.75 | 2.63 | ||
| 30.8% | 24.5% | 32.1% | 26.7% | 29.0% | 26.3% | 20.7% | 24.1% | 30.0% | 11.1% | 25.0% | 32.0% | 24.2% | 32.2% | -3.9% | 21.1% | -57.0% | -9.5% | 5.3% | 22.9% | ||
| 14.4% | 13.8% | 18.2% | 9.9% | 12.6% | 12.6% | 10.3% | 13.0% | 12.9% | 4.4% | 10.2% | 11.4% | 5.6% | 8.6% | -0.7% | 4.8% | -11.1% | -2.4% | 1.1% | 6.3% | ||
| 35.37 | 41.25 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 3 | 2 | 2 |
| full-time | 2 | 2 | 3 | 2 | 2 |
| part-time | 1 | - | - | - | - |
| in full-time equivalents | 2.5 | 2 | 3 | 2 | 2 |
| 3.1 | 2.9 | 2.2 | 2 | 2 | |
| On a permanent contract | 3 | 2 | 3 | 2 | 2 |
| Joined | 2 | 0 | 1 | - | - |
| Left | 1 | 1 | 0 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €131,160 | €115,331 | €13,812 | €28,661 | €28,169 |
| €54,839 | €42,729 | €28,071 | €24,629 | €25,473 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on BAS
The operating result for 2025 is 20% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 43.9% to 53.3%. Equity and debt are higher.