Bas Connect: 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 Connect
Largest movements
- Receivables within one year -€24,907
down €24,907 (-79.8%), from €31,209 to €6,303
of which Trade receivables: -€16,513
- Cash +€19,017
up €19,017 (+778.4%), from €2,443 to €21,460
mainly Net result for the year (+€33,815) and Receivables within one year (+€24,907)
- Tangible fixed assets -€4,600
down €4,600 (-21.3%), from €21,617 to €17,017
- Deferred charges and accrued income +€1,500
new in 2025: €1,500
- Profit (loss) carried forward +€12,565
up €12,565 (+55.4%), from €22,670 to €35,234
- Current portion of long-term debt -€9,892
down €9,892 (-74.2%), from €13,332 to €3,439
- Trade debts -€9,870
down €9,870 (-98.7%), from €9,998 to €128
- Other debts +€3,841
up €3,841 (+602.2%), from €638 to €4,478
- Debts after one year -€3,439
down €3,439 (-100.0%), from €3,439 to €0
- Gross operating margin +€28,840
up €28,840 (+138.3%), from €20,857 to €49,697
- Taxes +€5,368
up €5,368 (+136.1%), from €3,945 to €9,313
- Depreciation +€3,217
up €3,217 (+232.7%), from €1,383 to €4,600
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.
Cash bridge derived
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 | €55,270 | €46,280 | -€8,990 | -16.3% |
| Fixed assets | 21/28 | €21,617 | €17,017 | -€4,600 | -21.3% |
| Tangible fixed assets | 22/27 | €21,617 | €17,017 | -€4,600 | -21.3% |
| Furniture and vehicles | 24 | €21,617 | €17,017 | -€4,600 | -21.3% |
| Current assets | 29/58 | €33,652 | €29,263 | -€4,390 | -13.0% |
| Amounts receivable within one year | 40/41 | €31,209 | €6,303 | -€24,907 | -79.8% |
| Trade receivables | 40 | €16,513 | €0 | -€16,513 | -100.0% |
| Other amounts receivable | 41 | €14,697 | €6,303 | -€8,394 | -57.1% |
| Cash at bank and in hand | 54/58 | €2,443 | €21,460 | +€19,017 | +778.4% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €55,270 | €46,280 | -€8,990 | -16.3% |
| Equity | 10/15 | €25,670 | €38,234 | +€12,565 | +48.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,670 | €35,234 | +€12,565 | +55.4% |
| Amounts payable | 17/49 | €29,600 | €8,046 | -€21,554 | -72.8% |
| Amounts payable after more than one year | 17 | €3,439 | €0 | -€3,439 | -100.0% |
| Financial debts | 170/4 | €3,439 | €0 | -€3,439 | -100.0% |
| Amounts payable within one year | 42/48 | €26,161 | €8,046 | -€18,115 | -69.2% |
| Current portion of amounts payable after more than one year | 42 | €13,332 | €3,439 | -€9,892 | -74.2% |
| Trade debts | 44 | €9,998 | €128 | -€9,870 | -98.7% |
| Suppliers | 440/4 | €9,998 | €128 | -€9,870 | -98.7% |
| Taxes, remuneration and social security | 45 | €2,193 | €0 | -€2,193 | -100.0% |
| Taxes | 450/3 | €2,193 | €0 | -€2,193 | -100.0% |
| Other amounts payable | 47/48 | €638 | €4,478 | +€3,841 | +602.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,383 | €4,600 | +€3,217 | +232.7% |
| Other operating charges | 640/8 | €1,117 | €1,277 | +€160 | +14.3% |
| Gross operating margin | 9900 | €20,857 | €49,697 | +€28,840 | +138.3% |
| Operating profit (loss) | 9901 | €18,358 | €43,820 | +€25,463 | +138.7% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €515 | €695 | +€180 | +34.9% |
| Recurring financial charges | 65 | €515 | €695 | +€180 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €17,842 | €43,128 | +€25,286 | +141.7% |
| Income taxes | 67/77 | €3,945 | €9,313 | +€5,368 | +136.1% |
| Profit (loss) for the period | 9904 | €13,898 | €33,815 | +€19,917 | +143.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,898 | €33,815 | +€19,917 | +143.3% |
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 12 October 2026 via checked.be.