BASAK: what changed
Two fiscal 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.
BASAK
Largest movements
- Receivables within one year +€384,089
up €384,089 (+7429.2%), from €5,170 to €389,259
of which Other amounts receivable: +€373,018
- Cash -€241,077
down €241,077 (-67.2%), from €358,873 to €117,797
mainly Receivables within one year (-€384,089) and Investment in fixed assets (net) (-€77,061)
- Stocks and contracts +€57,665
up €57,665 (+38.0%), from €151,727 to €209,392
- Tangible fixed assets -€26,689
down €26,689 (-6.1%), from €436,323 to €409,634
of which Plant, machinery and equipment: -€26,476
- Deferred charges and accrued income -€12,003
down €12,003 (-94.1%), from €12,752 to €749
- Reserves +€108,982
up €108,982 (+22.4%), from €485,861 to €594,843
of which Distributable reserves: +€110,842
- Trade debts +€67,379
up €67,379 (+29.0%), from €232,518 to €299,897
- Tax, wage and social debts -€29,053
down €29,053 (-16.4%), from €176,991 to €147,939
of which Taxes: -€27,235
- Short-term financial debts +€23,890
new in 2025: €23,890
- Gross operating margin -€64,724
down €64,724 (-6.5%), from €1.0m to €938,556
- Staff costs +€53,119
up €53,119 (+9.0%), from €588,012 to €641,131
- Taxes -€35,479
down €35,479 (-40.4%), from €87,741 to €52,262
- Depreciation +€14,339
up €14,339 (+16.0%), from €89,411 to €103,750
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 | €965,845 | €1,127,830 | +€161,985 | +16.8% |
| Fixed assets | 21/28 | €437,323 | €410,634 | -€26,689 | -6.1% |
| Tangible fixed assets | 22/27 | €436,323 | €409,634 | -€26,689 | -6.1% |
| Land and buildings | 22 | €103,894 | €98,843 | -€5,052 | -4.9% |
| Plant, machinery and equipment | 23 | €245,666 | €219,190 | -€26,476 | -10.8% |
| Furniture and vehicles | 24 | €85,012 | €73,911 | -€11,101 | -13.1% |
| Other tangible fixed assets | 26 | €1,751 | €17,689 | +€15,939 | +910.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €528,522 | €717,197 | +€188,674 | +35.7% |
| Stocks and contracts in progress | 3 | €151,727 | €209,392 | +€57,665 | +38.0% |
| Stocks | 30/36 | €151,727 | €209,392 | +€57,665 | +38.0% |
| Amounts receivable within one year | 40/41 | €5,170 | €389,259 | +€384,089 | +7429.2% |
| Trade receivables | 40 | €117 | €11,188 | +€11,071 | +9495.2% |
| Other amounts receivable | 41 | €5,053 | €378,071 | +€373,018 | +7381.5% |
| Cash at bank and in hand | 54/58 | €358,873 | €117,797 | -€241,077 | -67.2% |
| Deferred charges and accrued income | 490/1 | €12,752 | €749 | -€12,003 | -94.1% |
| Total equity and liabilities | 10/49 | €965,845 | €1,127,830 | +€161,985 | +16.8% |
| Equity | 10/15 | €504,461 | €613,443 | +€108,982 | +21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €485,861 | €594,843 | +€108,982 | +22.4% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €484,001 | €594,843 | +€110,842 | +22.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €461,384 | €514,387 | +€53,003 | +11.5% |
| Amounts payable after more than one year | 17 | €41,261 | €30,146 | -€11,116 | -26.9% |
| Financial debts | 170/4 | €41,261 | €30,146 | -€11,116 | -26.9% |
| Amounts payable within one year | 42/48 | €420,122 | €484,242 | +€64,119 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €10,613 | €11,116 | +€502 | +4.7% |
| Financial debts | 43 | - | €23,890 | +€23,890 | |
| Credit institutions | 430/8 | - | €23,890 | +€23,890 | |
| Trade debts | 44 | €232,518 | €299,897 | +€67,379 | +29.0% |
| Suppliers | 440/4 | €232,518 | €299,897 | +€67,379 | +29.0% |
| Taxes, remuneration and social security | 45 | €176,991 | €147,939 | -€29,053 | -16.4% |
| Taxes | 450/3 | €112,091 | €84,856 | -€27,235 | -24.3% |
| Remuneration and social security | 454/9 | €64,901 | €63,082 | -€1,818 | -2.8% |
| Other amounts payable | 47/48 | €0 | €1,400 | +€1,400 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €588,012 | €641,131 | +€53,119 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,411 | €103,750 | +€14,339 | +16.0% |
| Other operating charges | 640/8 | €7,141 | €4,728 | -€2,413 | -33.8% |
| Non-recurring operating charges | 66A | €1,000 | €0 | -€1,000 | -100.0% |
| Gross operating margin | 9900 | €1,003,280 | €938,556 | -€64,724 | -6.5% |
| Operating profit (loss) | 9901 | €317,716 | €188,946 | -€128,770 | -40.5% |
| Financial income | 75/76B | €470 | €4,340 | +€3,869 | +823.0% |
| Recurring financial income | 75 | €470 | €4,340 | +€3,869 | +823.0% |
| Financial charges | 65/66B | €24,837 | €30,642 | +€5,805 | +23.4% |
| Recurring financial charges | 65 | €24,837 | €30,642 | +€5,805 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €293,350 | €162,644 | -€130,706 | -44.6% |
| Income taxes | 67/77 | €87,741 | €52,262 | -€35,479 | -40.4% |
| Profit (loss) for the period | 9904 | €205,608 | €110,382 | -€95,227 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €205,608 | €110,382 | -€95,227 | -46.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.