BASE CONSTRUCT: 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.
BASE CONSTRUCT
Largest movements
- Cash +€56,105
up €56,105 (+202.2%), from €27,753 to €83,858
mainly Net result for the year (+€49,864) and Tax, wage and social debts (+€18,952)
- Tangible fixed assets +€23,736
up €23,736 (+941.9%), from €2,520 to €26,256
- Receivables within one year -€6,142
down €6,142 (-9.7%), from €63,290 to €57,148
of which Trade receivables: -€60,000
- Reserves +€49,864
up €49,864 (+75.2%), from €66,330 to €116,194
- Tax, wage and social debts +€18,952
up €18,952 (+74.3%), from €25,503 to €44,455
of which Taxes: +€16,952
- Other debts +€2,015
new in 2025: €2,015
- Gross operating margin -€11,293
down €11,293 (-13.0%), from €86,756 to €75,463
- Depreciation +€5,694
up €5,694 (+279.7%), from €2,036 to €7,730
- Financial income +€1,429
up €1,429 (+7376.5%), from €19 to €1,448
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 | €94,427 | €168,614 | +€74,187 | +78.6% |
| Formation expenses | 20 | €864 | €598 | -€266 | -30.8% |
| Fixed assets | 21/28 | €2,520 | €26,256 | +€23,736 | +941.9% |
| Tangible fixed assets | 22/27 | €2,520 | €26,256 | +€23,736 | +941.9% |
| Furniture and vehicles | 24 | €2,520 | €26,256 | +€23,736 | +941.9% |
| Current assets | 29/58 | €91,043 | €141,760 | +€50,717 | +55.7% |
| Amounts receivable within one year | 40/41 | €63,290 | €57,148 | -€6,142 | -9.7% |
| Trade receivables | 40 | €63,290 | €3,290 | -€60,000 | -94.8% |
| Other amounts receivable | 41 | - | €53,858 | +€53,858 | |
| Cash at bank and in hand | 54/58 | €27,753 | €83,858 | +€56,105 | +202.2% |
| Deferred charges and accrued income | 490/1 | - | €755 | +€755 | |
| Total equity and liabilities | 10/49 | €94,427 | €168,614 | +€74,187 | +78.6% |
| Equity | 10/15 | €68,330 | €118,194 | +€49,864 | +73.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €66,330 | €116,194 | +€49,864 | +75.2% |
| Distributable reserves | 133 | €66,330 | €116,194 | +€49,864 | +75.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €26,097 | €50,420 | +€24,323 | +93.2% |
| Amounts payable within one year | 42/48 | €26,097 | €48,739 | +€22,642 | +86.8% |
| Trade debts | 44 | €593 | €2,268 | +€1,675 | +282.2% |
| Suppliers | 440/4 | €593 | €2,268 | +€1,675 | +282.2% |
| Taxes, remuneration and social security | 45 | €25,503 | €44,455 | +€18,952 | +74.3% |
| Taxes | 450/3 | €25,503 | €42,455 | +€16,952 | +66.5% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €2,015 | +€2,015 | |
| Accrued charges and deferred income | 492/3 | - | €1,681 | +€1,681 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,036 | €7,730 | +€5,694 | +279.7% |
| Other operating charges | 640/8 | €990 | €1,737 | +€747 | +75.5% |
| Gross operating margin | 9900 | €86,756 | €75,463 | -€11,293 | -13.0% |
| Operating profit (loss) | 9901 | €83,730 | €65,996 | -€17,735 | -21.2% |
| Financial income | 75/76B | €19 | €1,448 | +€1,429 | +7376.5% |
| Recurring financial income | 75 | €19 | €1,448 | +€1,429 | +7376.5% |
| Financial charges | 65/66B | €121 | €152 | +€31 | +25.2% |
| Recurring financial charges | 65 | €121 | €152 | +€31 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €83,628 | €67,292 | -€16,336 | -19.5% |
| Income taxes | 67/77 | €16,615 | €17,428 | +€813 | +4.9% |
| Profit (loss) for the period | 9904 | €67,013 | €49,864 | -€17,150 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,013 | €49,864 | -€17,150 | -25.6% |
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 5 October 2026 via checked.be.