BAS INVEST: 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 INVEST
Largest movements
- Financial fixed assets -€65,000
down €65,000 (-9.5%), from €685,072 to €620,072
- Other debts -€31,789
down €31,789 (-97.6%), from €32,568 to €779
- Reserves -€30,527
down €30,527 (-2.7%), from €1.1m to €1.1m
of which Distributable reserves: -€30,527
- Financial charges -€51,982
down €51,982 (-44.3%), from €117,355 to €65,373
of which Non-recurring financial charges: -€41,000
- Gross operating margin +€11,334
up €11,334, from -€1,673 to €9,661
- Financial income -€7,445
down €7,445 (-14.1%), from €52,648 to €45,203
- Taxes +€3,608
up €3,608 (+45.8%), from €7,883 to €11,491
- Other operating charges -€1,410
down €1,410 (-38.3%), from €3,682 to €2,272
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 | €2,878,648 | €2,799,192 | -€79,456 | -2.8% |
| Fixed assets | 21/28 | €869,204 | €797,948 | -€71,255 | -8.2% |
| Tangible fixed assets | 22/27 | €184,132 | €177,876 | -€6,255 | -3.4% |
| Land and buildings | 22 | €183,535 | €177,654 | -€5,881 | -3.2% |
| Furniture and vehicles | 24 | €597 | €222 | -€374 | -62.7% |
| Financial fixed assets | 28 | €685,072 | €620,072 | -€65,000 | -9.5% |
| Current assets | 29/58 | €2,009,444 | €2,001,244 | -€8,200 | -0.4% |
| Amounts receivable within one year | 40/41 | €1,498,555 | €1,505,568 | +€7,013 | +0.5% |
| Trade receivables | 40 | - | €1,815 | +€1,815 | |
| Other amounts receivable | 41 | €1,498,555 | €1,503,753 | +€5,198 | +0.3% |
| Current investments | 50/53 | €9,412 | - | -€9,412 | |
| Cash at bank and in hand | 54/58 | €456,237 | €450,446 | -€5,791 | -1.3% |
| Deferred charges and accrued income | 490/1 | €45,241 | €45,230 | -€11 | 0.0% |
| Total equity and liabilities | 10/49 | €2,878,648 | €2,799,192 | -€79,456 | -2.8% |
| Equity | 10/15 | €2,825,617 | €2,795,090 | -€30,527 | -1.1% |
| Contributions | 10/11 | €1,700,230 | €1,700,230 | = | 0.0% |
| Capital | 10 | €1,700,230 | €1,700,230 | = | 0.0% |
| Issued capital | 100 | €1,700,230 | €1,700,230 | = | 0.0% |
| Reserves | 13 | €1,125,387 | €1,094,860 | -€30,527 | -2.7% |
| Non-distributable reserves | 130/1 | €986,305 | €986,305 | = | 0.0% |
| Legal reserve | 130 | €140,560 | €140,560 | = | 0.0% |
| Other | 1319 | €845,745 | €845,745 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,338 | €39,338 | = | 0.0% |
| Distributable reserves | 133 | €99,744 | €69,217 | -€30,527 | -30.6% |
| Amounts payable | 17/49 | €53,031 | €4,102 | -€48,929 | -92.3% |
| Amounts payable within one year | 42/48 | €41,060 | €3,173 | -€37,887 | -92.3% |
| Trade debts | 44 | €1,540 | €1,500 | -€40 | -2.6% |
| Suppliers | 440/4 | €1,540 | €1,500 | -€40 | -2.6% |
| Taxes, remuneration and social security | 45 | €6,952 | €894 | -€6,058 | -87.1% |
| Taxes | 450/3 | €6,952 | €894 | -€6,058 | -87.1% |
| Other amounts payable | 47/48 | €32,568 | €779 | -€31,789 | -97.6% |
| Accrued charges and deferred income | 492/3 | €11,971 | €930 | -€11,041 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,272 | €6,255 | -€17 | -0.3% |
| Other operating charges | 640/8 | €3,682 | €2,272 | -€1,410 | -38.3% |
| Gross operating margin | 9900 | -€1,673 | €9,661 | +€11,334 | |
| Operating profit (loss) | 9901 | -€11,628 | €1,133 | +€12,761 | |
| Financial income | 75/76B | €52,648 | €45,203 | -€7,445 | -14.1% |
| Recurring financial income | 75 | €52,648 | €45,203 | -€7,445 | -14.1% |
| Financial charges | 65/66B | €117,355 | €65,373 | -€51,982 | -44.3% |
| Recurring financial charges | 65 | €11,355 | €373 | -€10,982 | -96.7% |
| Non-recurring financial charges | 66B | €106,000 | €65,000 | -€41,000 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | -€76,334 | -€19,036 | +€57,298 | +75.1% |
| Income taxes | 67/77 | €7,883 | €11,491 | +€3,608 | +45.8% |
| Profit (loss) for the period | 9904 | -€84,217 | -€30,527 | +€53,690 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,217 | -€30,527 | +€53,690 | +63.8% |
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 23 October 2026 via checked.be.