ALL BAST: 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.
ALL BAST
Largest movements
- Financial fixed assets +€521,850
up €521,850 (+30.0%), from €1.7m to €2.3m
- Tangible fixed assets -€279,952
down €279,952 (-97.7%), from €286,675 to €6,723
of which Land and buildings: -€274,250
- Cash -€176,375
down €176,375 (-67.5%), from €261,174 to €84,799
mainly Debts after one year (-€272,168) and Investment in fixed assets (net) (-€247,600)
- Receivables within one year +€31,359
up €31,359 (+40.3%), from €77,723 to €109,083
- Reserves +€300,778
up €300,778 (+18.7%), from €1.6m to €1.9m
of which Distributable reserves: +€300,778
- Debts after one year -€272,168
down €272,168 (-46.2%), from €589,675 to €317,506
- Current portion of long-term debt +€32,833
up €32,833 (+166%), from €19,774 to €52,606
- Other debts +€27,448
up €27,448 (+142%), from €19,273 to €46,721
- Gross operating margin +€178,289
up €178,289 (+75.7%), from €235,613 to €413,902
- Taxes +€40,688
up €40,688 (+129%), from €31,536 to €72,225
- Depreciation -€23,173
down €23,173 (-80.3%), from €28,875 to €5,702
- Financial charges +€9,471
up €9,471 (+41.7%), from €22,694 to €32,165
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 | €2,367,557 | €2,464,452 | +€96,895 | +4.1% |
| Fixed assets | 21/28 | €2,025,669 | €2,267,567 | +€241,898 | +11.9% |
| Tangible fixed assets | 22/27 | €286,675 | €6,723 | -€279,952 | -97.7% |
| Land and buildings | 22 | €274,250 | €0 | -€274,250 | -100% |
| Furniture and vehicles | 24 | €12,425 | €6,723 | -€5,702 | -45.9% |
| Financial fixed assets | 28 | €1,738,994 | €2,260,844 | +€521,850 | +30.0% |
| Current assets | 29/58 | €341,888 | €196,885 | -€145,003 | -42.4% |
| Amounts receivable within one year | 40/41 | €77,723 | €109,083 | +€31,359 | +40.3% |
| Trade receivables | 40 | €77,723 | €109,083 | +€31,359 | +40.3% |
| Cash at bank and in hand | 54/58 | €261,174 | €84,799 | -€176,375 | -67.5% |
| Deferred charges and accrued income | 490/1 | €2,990 | €3,003 | +€13 | +0.4% |
| Total equity and liabilities | 10/49 | €2,367,557 | €2,464,452 | +€96,895 | +4.1% |
| Equity | 10/15 | €1,685,492 | €1,986,270 | +€300,778 | +17.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €1,605,492 | €1,906,270 | +€300,778 | +18.7% |
| Non-distributable reserves | 130/1 | €20,514 | €20,514 | = | 0.0% |
| Legal reserve | 130 | €20,514 | €20,514 | = | 0.0% |
| Distributable reserves | 133 | €1,584,979 | €1,885,757 | +€300,778 | +19.0% |
| Amounts payable | 17/49 | €682,065 | €478,182 | -€203,883 | -29.9% |
| Amounts payable after more than one year | 17 | €589,675 | €317,506 | -€272,168 | -46.2% |
| Financial debts | 170/4 | €589,675 | €317,506 | -€272,168 | -46.2% |
| Amounts payable within one year | 42/48 | €92,040 | €160,094 | +€68,054 | +73.9% |
| Current portion of amounts payable after more than one year | 42 | €19,774 | €52,606 | +€32,833 | +166% |
| Financial debts | 43 | - | €12,773 | +€12,773 | |
| Credit institutions | 430/8 | - | €12,773 | +€12,773 | |
| Trade debts | 44 | €411 | €191 | -€220 | -53.6% |
| Suppliers | 440/4 | €411 | €191 | -€220 | -53.6% |
| Taxes, remuneration and social security | 45 | €52,583 | €47,803 | -€4,779 | -9.1% |
| Taxes | 450/3 | €52,583 | €47,803 | -€4,779 | -9.1% |
| Other amounts payable | 47/48 | €19,273 | €46,721 | +€27,448 | +142% |
| Accrued charges and deferred income | 492/3 | €350 | €582 | +€232 | +66.2% |
| Non-recurring operating income | 76A | - | €153,103 | +€153,103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,875 | €5,702 | -€23,173 | -80.3% |
| Other operating charges | 640/8 | €1,853 | €3,033 | +€1,180 | +63.7% |
| Gross operating margin | 9900 | €235,613 | €413,902 | +€178,289 | +75.7% |
| Operating profit (loss) | 9901 | €204,886 | €405,168 | +€200,282 | +97.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €22,694 | €32,165 | +€9,471 | +41.7% |
| Recurring financial charges | 65 | €22,694 | €32,165 | +€9,471 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €182,192 | €373,003 | +€190,811 | +105% |
| Income taxes | 67/77 | €31,536 | €72,225 | +€40,688 | +129% |
| Profit (loss) for the period | 9904 | €150,655 | €300,778 | +€150,123 | +99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €150,655 | €300,778 | +€150,123 | +99.6% |
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 29 October 2026 via checked.be.