BASE GROUP: 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.
BASE GROUP
Largest movements
- Cash +€123,930
up €123,930 (+99.7%), from €124,280 to €248,210
mainly Net result for the year (+€175,812) and Trade debts (+€47,776)
- Receivables within one year +€47,211
up €47,211 (+28.6%), from €165,199 to €212,411
of which Trade receivables: +€77,771
- Profit (loss) carried forward +€175,812
up €175,812 (+29.9%), from €588,556 to €764,368
- Trade debts +€47,776
up €47,776 (+70.0%), from €68,224 to €116,000
- Current portion of long-term debt -€36,745
down €36,745 (-45.1%), from €81,561 to €44,816
- Other debts -€23,631
down €23,631 (-100.0%), from €23,631 to €0
- Gross operating margin +€57,442
up €57,442 (+18.0%), from €319,605 to €377,047
- Financial charges +€33,612
up €33,612 (+385.6%), from €8,717 to €42,329
- Depreciation -€13,079
down €13,079 (-93.5%), from €13,995 to €917
- Taxes +€12,563
up €12,563 (+24.1%), from €52,205 to €64,768
- Financial income +€9,481
up €9,481 (+235.8%), from €4,021 to €13,502
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 | €1,545,055 | €1,715,441 | +€170,386 | +11.0% |
| Fixed assets | 21/28 | €1,253,412 | €1,252,495 | -€917 | -0.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,065 | €2,149 | -€917 | -29.9% |
| Furniture and vehicles | 24 | €3,065 | €2,149 | -€917 | -29.9% |
| Financial fixed assets | 28 | €1,250,347 | €1,250,347 | = | 0.0% |
| Current assets | 29/58 | €291,644 | €462,946 | +€171,302 | +58.7% |
| Amounts receivable within one year | 40/41 | €165,199 | €212,411 | +€47,211 | +28.6% |
| Trade receivables | 40 | €122,502 | €200,273 | +€77,771 | +63.5% |
| Other amounts receivable | 41 | €42,697 | €12,138 | -€30,559 | -71.6% |
| Cash at bank and in hand | 54/58 | €124,280 | €248,210 | +€123,930 | +99.7% |
| Deferred charges and accrued income | 490/1 | €2,164 | €2,325 | +€160 | +7.4% |
| Total equity and liabilities | 10/49 | €1,545,055 | €1,715,441 | +€170,386 | +11.0% |
| Equity | 10/15 | €1,244,809 | €1,420,621 | +€175,812 | +14.1% |
| Contributions | 10/11 | €651,746 | €651,746 | = | 0.0% |
| Reserves | 13 | €4,508 | €4,508 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,508 | €4,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | €588,556 | €764,368 | +€175,812 | +29.9% |
| Amounts payable | 17/49 | €300,246 | €294,819 | -€5,427 | -1.8% |
| Amounts payable after more than one year | 17 | €69,500 | €69,500 | = | 0.0% |
| Other amounts payable | 178/9 | €69,500 | €69,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €228,001 | €225,297 | -€2,704 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €81,561 | €44,816 | -€36,745 | -45.1% |
| Trade debts | 44 | €68,224 | €116,000 | +€47,776 | +70.0% |
| Suppliers | 440/4 | €68,224 | €116,000 | +€47,776 | +70.0% |
| Taxes, remuneration and social security | 45 | €54,586 | €64,482 | +€9,896 | +18.1% |
| Taxes | 450/3 | €33,794 | €46,674 | +€12,880 | +38.1% |
| Remuneration and social security | 454/9 | €20,792 | €17,808 | -€2,984 | -14.4% |
| Other amounts payable | 47/48 | €23,631 | €0 | -€23,631 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,745 | €22 | -€2,723 | -99.2% |
| Remuneration, social security and pensions | 62 | €102,664 | €104,329 | +€1,666 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,995 | €917 | -€13,079 | -93.5% |
| Other operating charges | 640/8 | €2,192 | €2,394 | +€201 | +9.2% |
| Gross operating margin | 9900 | €319,605 | €377,047 | +€57,442 | +18.0% |
| Operating profit (loss) | 9901 | €200,753 | €269,407 | +€68,654 | +34.2% |
| Financial income | 75/76B | €4,021 | €13,502 | +€9,481 | +235.8% |
| Recurring financial income | 75 | €4,021 | €13,502 | +€9,481 | +235.8% |
| Financial charges | 65/66B | €8,717 | €42,329 | +€33,612 | +385.6% |
| Recurring financial charges | 65 | €8,717 | €42,329 | +€33,612 | +385.6% |
| Profit (loss) for the period before taxes | 9903 | €196,057 | €240,580 | +€44,523 | +22.7% |
| Income taxes | 67/77 | €52,205 | €64,768 | +€12,563 | +24.1% |
| Profit (loss) for the period | 9904 | €143,852 | €175,812 | +€31,960 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €143,852 | €175,812 | +€31,960 | +22.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.