BAS: 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.
BAS
Largest movements
- Stocks and contracts +€109,755
up €109,755 (+40.6%), from €270,153 to €379,908
- Tangible fixed assets +€69,378
up €69,378 (+55.8%), from €124,427 to €193,806
of which Plant, machinery and equipment: +€37,683
- Receivables within one year +€30,765
up €30,765 (+168%), from €18,356 to €49,121
of which Other amounts receivable: +€38,161
- Cash +€25,954
up €25,954 (+9.1%), from €283,941 to €309,896
mainly Trade debts (+€186,776) and Net result for the year (+€135,868)
- Trade debts +€186,776
up €186,776 (+256%), from €73,046 to €259,822
- Profit (loss) carried forward +€45,868
up €45,868 (+13.5%), from €340,665 to €386,532
- Current portion of long-term debt +€14,031
up €14,031 (+72.2%), from €19,421 to €33,452
- Other debts -€12,120
down €12,120 (-12.8%), from €94,702 to €82,582
- Gross operating margin +€62,355
up €62,355 (+25.6%), from €243,937 to €306,292
- Financial income +€25,421
up €25,421 (+363%), from €7,001 to €32,423
- Staff costs +€16,113
up €16,113 (+26.7%), from €60,371 to €76,485
- Depreciation +€12,110
up €12,110 (+28.3%), from €42,729 to €54,839
- Taxes +€11,240
up €11,240 (+31.3%), from €35,933 to €47,173
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 | €705,287 | €946,557 | +€241,270 | +34.2% |
| Fixed assets | 21/28 | €124,427 | €193,806 | +€69,378 | +55.8% |
| Tangible fixed assets | 22/27 | €124,427 | €193,806 | +€69,378 | +55.8% |
| Plant, machinery and equipment | 23 | €12,934 | €50,616 | +€37,683 | +291% |
| Furniture and vehicles | 24 | €111,494 | €143,189 | +€31,696 | +28.4% |
| Current assets | 29/58 | €580,860 | €752,752 | +€171,891 | +29.6% |
| Stocks and contracts in progress | 3 | €270,153 | €379,908 | +€109,755 | +40.6% |
| Stocks | 30/36 | €270,153 | €379,908 | +€109,755 | +40.6% |
| Amounts receivable within one year | 40/41 | €18,356 | €49,121 | +€30,765 | +168% |
| Trade receivables | 40 | €18,217 | €10,821 | -€7,395 | -40.6% |
| Other amounts receivable | 41 | €139 | €38,300 | +€38,161 | +27,389% |
| Cash at bank and in hand | 54/58 | €283,941 | €309,896 | +€25,954 | +9.1% |
| Deferred charges and accrued income | 490/1 | €8,410 | €13,827 | +€5,417 | +64.4% |
| Total equity and liabilities | 10/49 | €705,287 | €946,557 | +€241,270 | +34.2% |
| Equity | 10/15 | €395,949 | €441,816 | +€45,868 | +11.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €36,692 | €36,692 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,833 | €34,833 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €340,665 | €386,532 | +€45,868 | +13.5% |
| Amounts payable | 17/49 | €309,339 | €504,741 | +€195,402 | +63.2% |
| Amounts payable after more than one year | 17 | €66,940 | €75,649 | +€8,709 | +13.0% |
| Financial debts | 170/4 | €66,940 | €75,649 | +€8,709 | +13.0% |
| Amounts payable within one year | 42/48 | €242,399 | €429,092 | +€186,693 | +77.0% |
| Current portion of amounts payable after more than one year | 42 | €19,421 | €33,452 | +€14,031 | +72.2% |
| Financial debts | 43 | €6,667 | €6,667 | = | 0.0% |
| Credit institutions | 430/8 | €6,667 | €6,667 | = | 0.0% |
| Trade debts | 44 | €73,046 | €259,822 | +€186,776 | +256% |
| Suppliers | 440/4 | €73,046 | €259,822 | +€186,776 | +256% |
| Taxes, remuneration and social security | 45 | €48,563 | €46,569 | -€1,994 | -4.1% |
| Taxes | 450/3 | €36,747 | €28,385 | -€8,362 | -22.8% |
| Remuneration and social security | 454/9 | €11,815 | €18,184 | +€6,369 | +53.9% |
| Other amounts payable | 47/48 | €94,702 | €82,582 | -€12,120 | -12.8% |
| Non-recurring operating income | 76A | €14,478 | €5,454 | -€9,024 | -62.3% |
| Remuneration, social security and pensions | 62 | €60,371 | €76,485 | +€16,113 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,729 | €54,839 | +€12,110 | +28.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,053 | €12,195 | +€10,142 | +494% |
| Other operating charges | 640/8 | €8,660 | €6,178 | -€2,482 | -28.7% |
| Gross operating margin | 9900 | €243,937 | €306,292 | +€62,355 | +25.6% |
| Operating profit (loss) | 9901 | €130,123 | €156,595 | +€26,472 | +20.3% |
| Financial income | 75/76B | €7,001 | €32,423 | +€25,421 | +363% |
| Recurring financial income | 75 | €7,001 | €32,423 | +€25,421 | +363% |
| Financial charges | 65/66B | €4,191 | €5,977 | +€1,786 | +42.6% |
| Recurring financial charges | 65 | €4,191 | €5,977 | +€1,786 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €132,934 | €183,041 | +€50,107 | +37.7% |
| Income taxes | 67/77 | €35,933 | €47,173 | +€11,240 | +31.3% |
| Profit (loss) for the period | 9904 | €97,001 | €135,868 | +€38,867 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €97,001 | €135,868 | +€38,867 | +40.1% |
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 17 October 2026 via checked.be.