BASCO: 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.
BASCO
Largest movements
- Intangible fixed assets -€783,848
no longer reported in 2025 (was €783,848)
- Receivables within one year +€439,399
up €439,399 (+258.0%), from €170,314 to €609,713
of which Other amounts receivable: +€462,648
- Tangible fixed assets -€60,963
down €60,963 (-4.3%), from €1.4m to €1.4m
of which Land and buildings: -€42,472
- Cash -€27,914
down €27,914 (-52.8%), from €52,866 to €24,952
mainly Receivables within one year (-€439,399) and Debts after one year (-€207,016)
- Debts after one year -€207,016
down €207,016 (-15.0%), from €1.4m to €1.2m
- Accrued charges and deferred income -€112,182
no longer reported in 2025 (was €112,182)
- Other debts -€105,199
down €105,199 (-33.3%), from €315,875 to €210,676
- Tax, wage and social debts -€44,803
down €44,803 (-45.6%), from €98,301 to €53,497
of which Remuneration and social security: -€33,546
- Reserves +€41,772
up €41,772 (+17.5%), from €239,160 to €280,931
- Gross operating margin -€497,323
down €497,323 (-76.7%), from €648,621 to €151,299
- Staff costs -€291,041
down €291,041 (-97.1%), from €299,580 to €8,540
- Depreciation -€112,721
down €112,721 (-70.4%), from €160,114 to €47,392
- Taxes -€26,281
down €26,281 (-57.0%), from €46,126 to €19,845
- Financial charges -€10,044
down €10,044 (-30.7%), from €32,746 to €22,702
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 | €2,424,708 | €1,988,024 | -€436,684 | -18.0% |
| Fixed assets | 21/28 | €2,198,140 | €1,353,328 | -€844,812 | -38.4% |
| Intangible fixed assets | 21 | €783,848 | - | -€783,848 | |
| Tangible fixed assets | 22/27 | €1,414,291 | €1,353,328 | -€60,963 | -4.3% |
| Land and buildings | 22 | €1,382,409 | €1,339,937 | -€42,472 | -3.1% |
| Plant, machinery and equipment | 23 | €18,866 | €13,266 | -€5,600 | -29.7% |
| Furniture and vehicles | 24 | €13,016 | €125 | -€12,891 | -99.0% |
| Current assets | 29/58 | €226,568 | €634,695 | +€408,127 | +180.1% |
| Amounts receivable within one year | 40/41 | €170,314 | €609,713 | +€439,399 | +258.0% |
| Trade receivables | 40 | €116,534 | €93,285 | -€23,249 | -20.0% |
| Other amounts receivable | 41 | €53,780 | €516,428 | +€462,648 | +860.3% |
| Cash at bank and in hand | 54/58 | €52,866 | €24,952 | -€27,914 | -52.8% |
| Deferred charges and accrued income | 490/1 | €3,389 | €31 | -€3,358 | -99.1% |
| Total equity and liabilities | 10/49 | €2,424,708 | €1,988,024 | -€436,684 | -18.0% |
| Equity | 10/15 | €301,133 | €342,905 | +€41,772 | +13.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €239,160 | €280,931 | +€41,772 | +17.5% |
| Distributable reserves | 133 | €239,160 | €280,931 | +€41,772 | +17.5% |
| Amounts payable | 17/49 | €2,123,575 | €1,645,119 | -€478,456 | -22.5% |
| Amounts payable after more than one year | 17 | €1,377,732 | €1,170,715 | -€207,016 | -15.0% |
| Financial debts | 170/4 | €1,377,732 | €1,170,715 | -€207,016 | -15.0% |
| Amounts payable within one year | 42/48 | €633,661 | €474,404 | -€159,257 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €203,461 | €207,016 | +€3,556 | +1.7% |
| Trade debts | 44 | €16,025 | €3,214 | -€12,811 | -79.9% |
| Suppliers | 440/4 | €16,025 | €3,214 | -€12,811 | -79.9% |
| Taxes, remuneration and social security | 45 | €98,301 | €53,497 | -€44,803 | -45.6% |
| Taxes | 450/3 | €62,228 | €50,971 | -€11,257 | -18.1% |
| Remuneration and social security | 454/9 | €36,073 | €2,526 | -€33,546 | -93.0% |
| Other amounts payable | 47/48 | €315,875 | €210,676 | -€105,199 | -33.3% |
| Accrued charges and deferred income | 492/3 | €112,182 | - | -€112,182 | |
| Non-recurring operating income | 76A | - | €28,529 | +€28,529 | |
| Remuneration, social security and pensions | 62 | €299,580 | €8,540 | -€291,041 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,114 | €47,392 | -€112,721 | -70.4% |
| Other operating charges | 640/8 | €10,927 | €11,273 | +€346 | +3.2% |
| Gross operating margin | 9900 | €648,621 | €151,299 | -€497,323 | -76.7% |
| Operating profit (loss) | 9901 | €178,000 | €84,093 | -€93,907 | -52.8% |
| Financial income | 75/76B | €10 | €226 | +€216 | +2123.4% |
| Recurring financial income | 75 | €10 | €226 | +€216 | +2123.4% |
| Financial charges | 65/66B | €32,746 | €22,702 | -€10,044 | -30.7% |
| Recurring financial charges | 65 | €32,746 | €22,702 | -€10,044 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €145,264 | €61,616 | -€83,647 | -57.6% |
| Income taxes | 67/77 | €46,126 | €19,845 | -€26,281 | -57.0% |
| Profit (loss) for the period | 9904 | €99,138 | €41,772 | -€57,366 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,138 | €41,772 | -€57,366 | -57.9% |
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 11 October 2026 via checked.be.