B.A.S.H.: 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.
B.A.S.H.
Largest movements
- Receivables within one year +€14,075
up €14,075 (+79.5%), from €17,704 to €31,778
of which Trade receivables: +€13,823
- Cash -€6,049
down €6,049 (-28.8%), from €21,011 to €14,962
mainly Debts after one year (-€15,252) and Receivables within one year (-€14,075)
- Reserves +€22,610
up €22,610 (+29.5%), from €76,645 to €99,255
- Debts after one year -€15,252
down €15,252 (-17.7%), from €86,208 to €70,956
- Gross operating margin +€4,061
up €4,061 (+9.8%), from €41,617 to €45,678
- Taxes +€555
up €555 (+6.1%), from €9,095 to €9,650
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 | €213,658 | €219,100 | +€5,442 | +2.5% |
| Fixed assets | 21/28 | €172,780 | €171,620 | -€1,160 | -0.7% |
| Tangible fixed assets | 22/27 | €172,780 | €171,620 | -€1,160 | -0.7% |
| Land and buildings | 22 | €160,289 | €153,832 | -€6,457 | -4.0% |
| Plant, machinery and equipment | 23 | €5,633 | €9,406 | +€3,773 | +67.0% |
| Furniture and vehicles | 24 | €6,859 | €8,382 | +€1,523 | +22.2% |
| Current assets | 29/58 | €40,878 | €47,480 | +€6,602 | +16.2% |
| Amounts receivable within one year | 40/41 | €17,704 | €31,778 | +€14,075 | +79.5% |
| Trade receivables | 40 | €11,073 | €24,896 | +€13,823 | +125% |
| Other amounts receivable | 41 | €6,631 | €6,883 | +€252 | +3.8% |
| Cash at bank and in hand | 54/58 | €21,011 | €14,962 | -€6,049 | -28.8% |
| Deferred charges and accrued income | 490/1 | €2,163 | €740 | -€1,423 | -65.8% |
| Total equity and liabilities | 10/49 | €213,658 | €219,100 | +€5,442 | +2.5% |
| Equity | 10/15 | €97,105 | €119,715 | +€22,610 | +23.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €76,645 | €99,255 | +€22,610 | +29.5% |
| Distributable reserves | 133 | €76,645 | €99,255 | +€22,610 | +29.5% |
| Amounts payable | 17/49 | €116,553 | €99,385 | -€17,168 | -14.7% |
| Amounts payable after more than one year | 17 | €86,208 | €70,956 | -€15,252 | -17.7% |
| Financial debts | 170/4 | €86,208 | €70,956 | -€15,252 | -17.7% |
| Amounts payable within one year | 42/48 | €30,345 | €28,429 | -€1,916 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €15,069 | €15,252 | +€183 | +1.2% |
| Trade debts | 44 | €1,451 | €1,126 | -€325 | -22.4% |
| Suppliers | 440/4 | €1,451 | €1,126 | -€325 | -22.4% |
| Advances received on contracts in progress | 46 | €515 | €515 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,310 | €11,536 | -€1,774 | -13.3% |
| Taxes | 450/3 | €10,041 | €8,244 | -€1,797 | -17.9% |
| Remuneration and social security | 454/9 | €3,269 | €3,292 | +€23 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,602 | €10,569 | -€33 | -0.3% |
| Other operating charges | 640/8 | €1,267 | €1,170 | -€97 | -7.7% |
| Gross operating margin | 9900 | €41,617 | €45,678 | +€4,061 | +9.8% |
| Operating profit (loss) | 9901 | €29,749 | €33,939 | +€4,190 | +14.1% |
| Financial income | 75/76B | €201 | €345 | +€144 | +71.9% |
| Recurring financial income | 75 | €201 | €345 | +€144 | +71.9% |
| Financial charges | 65/66B | €2,181 | €2,024 | -€157 | -7.2% |
| Recurring financial charges | 65 | €2,181 | €2,024 | -€157 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €27,768 | €32,260 | +€4,491 | +16.2% |
| Income taxes | 67/77 | €9,095 | €9,650 | +€555 | +6.1% |
| Profit (loss) for the period | 9904 | €18,674 | €22,610 | +€3,936 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,674 | €22,610 | +€3,936 | +21.1% |
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 25 October 2026 via checked.be.