BASFRO: 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.
BASFRO
Largest movements
- Tangible fixed assets -€63,613
down €63,613 (-13.2%), from €481,460 to €417,847
of which Other tangible fixed assets: -€39,606
- Deferred charges and accrued income +€17,756
up €17,756 (+346.3%), from €5,128 to €22,884
- Formation expenses -€5,778
down €5,778 (-48.1%), from €12,012 to €6,235
- Debts after one year -€83,339
down €83,339 (-30.5%), from €273,280 to €189,940
- Profit (loss) carried forward +€36,798
up €36,798 (+43.8%), from -€83,929 to -€47,132
- Tax, wage and social debts +€11,059
up €11,059 (+36.4%), from €30,358 to €41,417
of which Remuneration and social security: +€8,620
- Trade debts -€7,212
down €7,212 (-9.7%), from €74,639 to €67,427
- Other debts -€6,609
down €6,609 (-5.9%), from €112,248 to €105,639
- Gross operating margin +€38,610
up €38,610 (+10.0%), from €385,224 to €423,834
- Staff costs +€18,907
up €18,907 (+6.7%), from €283,037 to €301,944
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 | €553,821 | €508,903 | -€44,918 | -8.1% |
| Formation expenses | 20 | €12,012 | €6,235 | -€5,778 | -48.1% |
| Fixed assets | 21/28 | €481,460 | €417,847 | -€63,613 | -13.2% |
| Tangible fixed assets | 22/27 | €481,460 | €417,847 | -€63,613 | -13.2% |
| Plant, machinery and equipment | 23 | €94,875 | €70,962 | -€23,913 | -25.2% |
| Furniture and vehicles | 24 | €1,327 | €1,233 | -€94 | -7.1% |
| Other tangible fixed assets | 26 | €385,259 | €345,652 | -€39,606 | -10.3% |
| Current assets | 29/58 | €60,348 | €84,821 | +€24,473 | +40.6% |
| Stocks and contracts in progress | 3 | €13,349 | €12,819 | -€530 | -4.0% |
| Stocks | 30/36 | €13,349 | €12,819 | -€530 | -4.0% |
| Amounts receivable within one year | 40/41 | €34,066 | €37,018 | +€2,953 | +8.7% |
| Trade receivables | 40 | €27,045 | €32,660 | +€5,614 | +20.8% |
| Other amounts receivable | 41 | €7,020 | €4,359 | -€2,662 | -37.9% |
| Cash at bank and in hand | 54/58 | €7,806 | €12,099 | +€4,294 | +55.0% |
| Deferred charges and accrued income | 490/1 | €5,128 | €22,884 | +€17,756 | +346.3% |
| Total equity and liabilities | 10/49 | €553,821 | €508,903 | -€44,918 | -8.1% |
| Equity | 10/15 | -€19,779 | €20,518 | +€40,298 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,650 | €6,150 | +€3,500 | +132.1% |
| Non-distributable reserves | 130/1 | €2,650 | €6,150 | +€3,500 | +132.1% |
| Legal reserve | 130 | €2,650 | €6,150 | +€3,500 | +132.1% |
| Profit (loss) carried forward | 14 | -€83,929 | -€47,132 | +€36,798 | +43.8% |
| Amounts payable | 17/49 | €573,600 | €488,385 | -€85,215 | -14.9% |
| Amounts payable after more than one year | 17 | €273,280 | €189,940 | -€83,339 | -30.5% |
| Financial debts | 170/4 | €273,280 | €189,940 | -€83,339 | -30.5% |
| Amounts payable within one year | 42/48 | €299,929 | €297,823 | -€2,106 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €82,683 | €83,339 | +€656 | +0.8% |
| Trade debts | 44 | €74,639 | €67,427 | -€7,212 | -9.7% |
| Suppliers | 440/4 | €74,639 | €67,427 | -€7,212 | -9.7% |
| Taxes, remuneration and social security | 45 | €30,358 | €41,417 | +€11,059 | +36.4% |
| Taxes | 450/3 | €4 | €2,442 | +€2,438 | +63497.1% |
| Remuneration and social security | 454/9 | €30,354 | €38,975 | +€8,620 | +28.4% |
| Other amounts payable | 47/48 | €112,248 | €105,639 | -€6,609 | -5.9% |
| Accrued charges and deferred income | 492/3 | €392 | €621 | +€230 | +58.6% |
| Non-recurring operating income | 76A | €7,365 | €440 | -€6,925 | -94.0% |
| Remuneration, social security and pensions | 62 | €283,037 | €301,944 | +€18,907 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,018 | €68,409 | -€609 | -0.9% |
| Other operating charges | 640/8 | €3,985 | €1,925 | -€2,060 | -51.7% |
| Non-recurring operating charges | 66A | €9,921 | €6,108 | -€3,813 | -38.4% |
| Gross operating margin | 9900 | €385,224 | €423,834 | +€38,610 | +10.0% |
| Operating profit (loss) | 9901 | €19,263 | €45,447 | +€26,184 | +135.9% |
| Financial charges | 65/66B | €5,468 | €4,950 | -€518 | -9.5% |
| Recurring financial charges | 65 | €5,468 | €4,950 | -€518 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €13,796 | €40,497 | +€26,702 | +193.6% |
| Income taxes | 67/77 | €645 | €200 | -€446 | -69.1% |
| Profit (loss) for the period | 9904 | €13,150 | €40,298 | +€27,147 | +206.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,150 | €40,298 | +€27,147 | +206.4% |
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 10 October 2026 via checked.be.