BASECAMP XL: 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 XL
Largest movements
- Receivables within one year -€64,006
down €64,006 (-83.2%), from €76,901 to €12,895
of which Trade receivables: -€66,525
- Formation expenses -€50,000
down €50,000 (-11.1%), from €450,000 to €400,000
- Stocks and contracts -€25,337
down €25,337 (-55.1%), from €46,007 to €20,670
- Debts after one year -€54,285
down €54,285 (-17.8%), from €304,749 to €250,465
of which Financial debts: -€54,285
- Trade debts -€44,476
down €44,476 (-49.1%), from €90,610 to €46,134
- Profit (loss) carried forward -€21,524
down €21,524 (-30.1%), from -€71,404 to -€92,928
- Tax, wage and social debts -€18,732
down €18,732 (-32.2%), from €58,221 to €39,489
of which Taxes: -€24,888
- Gross operating margin +€68,869
up €68,869 (+17.4%), from €396,409 to €465,278
- Staff costs +€15,900
up €15,900 (+4.3%), from €368,756 to €384,655
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 | €676,684 | €538,632 | -€138,052 | -20.4% |
| Formation expenses | 20 | €450,000 | €400,000 | -€50,000 | -11.1% |
| Fixed assets | 21/28 | €82,587 | €82,497 | -€90 | -0.1% |
| Tangible fixed assets | 22/27 | €69,641 | €68,051 | -€1,590 | -2.3% |
| Plant, machinery and equipment | 23 | €357 | €181 | -€177 | -49.4% |
| Furniture and vehicles | 24 | €32,454 | €22,133 | -€10,321 | -31.8% |
| Other tangible fixed assets | 26 | €36,830 | €45,737 | +€8,907 | +24.2% |
| Financial fixed assets | 28 | €12,946 | €14,446 | +€1,500 | +11.6% |
| Current assets | 29/58 | €144,097 | €56,135 | -€87,962 | -61.0% |
| Stocks and contracts in progress | 3 | €46,007 | €20,670 | -€25,337 | -55.1% |
| Stocks | 30/36 | €46,007 | €20,670 | -€25,337 | -55.1% |
| Amounts receivable within one year | 40/41 | €76,901 | €12,895 | -€64,006 | -83.2% |
| Trade receivables | 40 | €76,901 | €10,376 | -€66,525 | -86.5% |
| Other amounts receivable | 41 | - | €2,519 | +€2,519 | |
| Cash at bank and in hand | 54/58 | €17,266 | €15,200 | -€2,066 | -12.0% |
| Deferred charges and accrued income | 490/1 | €3,923 | €7,370 | +€3,447 | +87.9% |
| Total equity and liabilities | 10/49 | €676,684 | €538,632 | -€138,052 | -20.4% |
| Equity | 10/15 | -€61,404 | -€82,928 | -€21,524 | -35.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,404 | -€92,928 | -€21,524 | -30.1% |
| Amounts payable | 17/49 | €738,088 | €621,559 | -€116,528 | -15.8% |
| Amounts payable after more than one year | 17 | €304,749 | €250,465 | -€54,285 | -17.8% |
| Financial debts | 170/4 | €302,374 | €248,090 | -€54,285 | -18.0% |
| Other amounts payable | 178/9 | €2,375 | €2,375 | = | 0.0% |
| Amounts payable within one year | 42/48 | €433,338 | €371,094 | -€62,244 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €51,957 | €54,285 | +€2,327 | +4.5% |
| Trade debts | 44 | €90,610 | €46,134 | -€44,476 | -49.1% |
| Suppliers | 440/4 | €90,610 | €46,134 | -€44,476 | -49.1% |
| Taxes, remuneration and social security | 45 | €58,221 | €39,489 | -€18,732 | -32.2% |
| Taxes | 450/3 | €28,208 | €3,320 | -€24,888 | -88.2% |
| Remuneration and social security | 454/9 | €30,013 | €36,169 | +€6,156 | +20.5% |
| Other amounts payable | 47/48 | €232,550 | €231,187 | -€1,363 | -0.6% |
| Remuneration, social security and pensions | 62 | €368,756 | €384,655 | +€15,900 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,772 | €19,170 | +€4,398 | +29.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,000 | €50,000 | = | 0.0% |
| Other operating charges | 640/8 | €7,694 | €10,306 | +€2,613 | +34.0% |
| Gross operating margin | 9900 | €396,409 | €465,278 | +€68,869 | +17.4% |
| Operating profit (loss) | 9901 | -€44,812 | €1,146 | +€45,958 | |
| Financial income | 75/76B | €174 | €69 | -€105 | -60.3% |
| Recurring financial income | 75 | €174 | €69 | -€105 | -60.3% |
| Financial charges | 65/66B | €26,765 | €22,739 | -€4,026 | -15.0% |
| Recurring financial charges | 65 | €26,765 | €22,739 | -€4,026 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€71,404 | -€21,524 | +€49,880 | +69.9% |
| Profit (loss) for the period | 9904 | -€71,404 | -€21,524 | +€49,880 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,404 | -€21,524 | +€49,880 | +69.9% |
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 23 October 2026 via checked.be.