BASECAMP SOUTH: 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.
BASECAMP SOUTH
Largest movements
- Intangible fixed assets -€42,500
down €42,500 (-20.3%), from €208,958 to €166,458
- Receivables within one year -€17,523
down €17,523 (-16.2%), from €108,422 to €90,899
of which Trade receivables: -€32,706
- Tangible fixed assets +€13,257
up €13,257 (+19.8%), from €66,794 to €80,051
of which Other tangible fixed assets: +€19,831
- Cash +€12,022
up €12,022 (+30.6%), from €39,348 to €51,370
mainly Depreciation (+€62,337) and Net result for the year (+€40,762)
- Stocks and contracts +€9,543
up €9,543 (+33.9%), from €28,160 to €37,703
- Debts after one year -€76,820
down €76,820 (-59.0%), from €130,309 to €53,490
of which Other amounts payable: -€40,800
- Profit (loss) carried forward +€40,762
up €40,762 (+40.7%), from €100,271 to €141,033
- Current portion of long-term debt +€8,212
up €8,212 (+17.5%), from €46,971 to €55,183
- Trade debts +€7,896
up €7,896 (+9.5%), from €82,746 to €90,641
- Other debts -€5,000
down €5,000 (-38.3%), from €13,070 to €8,070
- Gross operating margin -€28,003
down €28,003 (-4.9%), from €568,725 to €540,722
- Staff costs -€11,803
down €11,803 (-2.9%), from €411,307 to €399,504
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 | €467,072 | €437,769 | -€29,303 | -6.3% |
| Fixed assets | 21/28 | €284,825 | €255,581 | -€29,243 | -10.3% |
| Intangible fixed assets | 21 | €208,958 | €166,458 | -€42,500 | -20.3% |
| Tangible fixed assets | 22/27 | €66,794 | €80,051 | +€13,257 | +19.8% |
| Furniture and vehicles | 24 | €19,799 | €13,225 | -€6,574 | -33.2% |
| Other tangible fixed assets | 26 | €46,995 | €66,826 | +€19,831 | +42.2% |
| Financial fixed assets | 28 | €9,072 | €9,072 | = | 0.0% |
| Current assets | 29/58 | €182,248 | €182,188 | -€60 | 0.0% |
| Stocks and contracts in progress | 3 | €28,160 | €37,703 | +€9,543 | +33.9% |
| Stocks | 30/36 | €28,160 | €37,703 | +€9,543 | +33.9% |
| Amounts receivable within one year | 40/41 | €108,422 | €90,899 | -€17,523 | -16.2% |
| Trade receivables | 40 | €80,838 | €48,132 | -€32,706 | -40.5% |
| Other amounts receivable | 41 | €27,584 | €42,767 | +€15,183 | +55.0% |
| Cash at bank and in hand | 54/58 | €39,348 | €51,370 | +€12,022 | +30.6% |
| Deferred charges and accrued income | 490/1 | €6,318 | €2,215 | -€4,102 | -64.9% |
| Total equity and liabilities | 10/49 | €467,072 | €437,769 | -€29,303 | -6.3% |
| Equity | 10/15 | €115,271 | €156,033 | +€40,762 | +35.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,271 | €141,033 | +€40,762 | +40.7% |
| Amounts payable | 17/49 | €351,801 | €281,736 | -€70,066 | -19.9% |
| Amounts payable after more than one year | 17 | €130,309 | €53,490 | -€76,820 | -59.0% |
| Financial debts | 170/4 | €46,859 | €10,839 | -€36,020 | -76.9% |
| Other amounts payable | 178/9 | €83,451 | €42,651 | -€40,800 | -48.9% |
| Amounts payable within one year | 42/48 | €221,492 | €228,246 | +€6,754 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €46,971 | €55,183 | +€8,212 | +17.5% |
| Trade debts | 44 | €82,746 | €90,641 | +€7,896 | +9.5% |
| Suppliers | 440/4 | €82,746 | €90,641 | +€7,896 | +9.5% |
| Advances received on contracts in progress | 46 | €2,940 | €100 | -€2,840 | -96.6% |
| Taxes, remuneration and social security | 45 | €75,765 | €74,252 | -€1,514 | -2.0% |
| Taxes | 450/3 | €41,796 | €31,705 | -€10,091 | -24.1% |
| Remuneration and social security | 454/9 | €33,969 | €42,546 | +€8,577 | +25.3% |
| Other amounts payable | 47/48 | €13,070 | €8,070 | -€5,000 | -38.3% |
| Remuneration, social security and pensions | 62 | €411,307 | €399,504 | -€11,803 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,102 | €62,337 | -€4,764 | -7.1% |
| Other operating charges | 640/8 | €7,110 | €11,121 | +€4,011 | +56.4% |
| Gross operating margin | 9900 | €568,725 | €540,722 | -€28,003 | -4.9% |
| Operating profit (loss) | 9901 | €83,206 | €67,760 | -€15,446 | -18.6% |
| Financial income | 75/76B | €188 | €626 | +€437 | +232% |
| Recurring financial income | 75 | €188 | €626 | +€437 | +232% |
| Financial charges | 65/66B | €11,863 | €11,019 | -€844 | -7.1% |
| Recurring financial charges | 65 | €11,863 | €11,019 | -€844 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €71,532 | €57,367 | -€14,165 | -19.8% |
| Income taxes | 67/77 | €12,296 | €16,605 | +€4,309 | +35.0% |
| Profit (loss) for the period | 9904 | €59,236 | €40,762 | -€18,474 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,236 | €40,762 | -€18,474 | -31.2% |
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 24 October 2026 via checked.be.