BASHA: 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.
BASHA
Largest movements
- Cash -€237,421
down €237,421 (-29.9%), from €792,949 to €555,528
mainly Contributions, distributions and other (-€750,000) and Tax, wage and social debts (-€168,078)
- Receivables within one year +€161,226
up €161,226 (+97.2%), from €165,833 to €327,059
- Stocks and contracts +€160,609
up €160,609 (+8.5%), from €1.9m to €2.0m
- Other debts +€210,477
up €210,477 (+21.9%), from €960,394 to €1.2m
- Reserves +€201,011
up €201,011 (+19.0%), from €1.1m to €1.3m
- Tax, wage and social debts -€168,078
down €168,078 (-71.1%), from €236,551 to €68,473
of which Taxes: -€173,399
- Trade debts -€92,118
down €92,118 (-12.7%), from €722,806 to €630,688
- Debts after one year -€58,627
down €58,627 (-38.1%), from €153,710 to €95,084
- Gross operating margin +€608,641
up €608,641 (+109.0%), from €558,638 to €1.2m
- Write-downs -€47,826
down €47,826 (-76.6%), from €62,464 to €14,638
- Staff costs +€32,273
up €32,273 (+52.0%), from €62,088 to €94,360
- Taxes +€27,362
up €27,362 (+44.3%), from €61,816 to €89,178
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 | €3,205,592 | €3,299,337 | +€93,745 | +2.9% |
| Fixed assets | 21/28 | €364,865 | €367,273 | +€2,408 | +0.7% |
| Tangible fixed assets | 22/27 | €6,523 | €8,931 | +€2,408 | +36.9% |
| Plant, machinery and equipment | 23 | €3,298 | €4,957 | +€1,659 | +50.3% |
| Furniture and vehicles | 24 | €1,880 | €2,764 | +€884 | +47.0% |
| Other tangible fixed assets | 26 | €1,345 | €1,210 | -€136 | -10.1% |
| Financial fixed assets | 28 | €358,342 | €358,342 | = | 0.0% |
| Current assets | 29/58 | €2,840,728 | €2,932,064 | +€91,337 | +3.2% |
| Stocks and contracts in progress | 3 | €1,880,177 | €2,040,786 | +€160,609 | +8.5% |
| Stocks | 30/36 | €1,880,177 | €2,040,786 | +€160,609 | +8.5% |
| Amounts receivable within one year | 40/41 | €165,833 | €327,059 | +€161,226 | +97.2% |
| Trade receivables | 40 | €165,833 | €327,059 | +€161,226 | +97.2% |
| Cash at bank and in hand | 54/58 | €792,949 | €555,528 | -€237,421 | -29.9% |
| Deferred charges and accrued income | 490/1 | €1,769 | €8,691 | +€6,922 | +391.4% |
| Total equity and liabilities | 10/49 | €3,205,592 | €3,299,337 | +€93,745 | +2.9% |
| Equity | 10/15 | €1,074,573 | €1,275,584 | +€201,011 | +18.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,055,981 | €1,256,992 | +€201,011 | +19.0% |
| Distributable reserves | 133 | €1,055,981 | €1,256,992 | +€201,011 | +19.0% |
| Amounts payable | 17/49 | €2,131,020 | €2,023,753 | -€107,266 | -5.0% |
| Amounts payable after more than one year | 17 | €153,710 | €95,084 | -€58,627 | -38.1% |
| Financial debts | 170/4 | €153,710 | €95,084 | -€58,627 | -38.1% |
| Amounts payable within one year | 42/48 | €1,977,299 | €1,928,659 | -€48,639 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €57,547 | €58,627 | +€1,080 | +1.9% |
| Trade debts | 44 | €722,806 | €630,688 | -€92,118 | -12.7% |
| Suppliers | 440/4 | €722,806 | €630,688 | -€92,118 | -12.7% |
| Taxes, remuneration and social security | 45 | €236,551 | €68,473 | -€168,078 | -71.1% |
| Taxes | 450/3 | €226,636 | €53,237 | -€173,399 | -76.5% |
| Remuneration and social security | 454/9 | €9,914 | €15,236 | +€5,322 | +53.7% |
| Other amounts payable | 47/48 | €960,394 | €1,170,871 | +€210,477 | +21.9% |
| Accrued charges and deferred income | 492/3 | €11 | €10 | -€0 | -1.4% |
| Remuneration, social security and pensions | 62 | €62,088 | €94,360 | +€32,273 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,249 | €3,566 | +€1,318 | +58.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €62,464 | €14,638 | -€47,826 | -76.6% |
| Other operating charges | 640/8 | €1,781 | €2,217 | +€436 | +24.5% |
| Gross operating margin | 9900 | €558,638 | €1,167,280 | +€608,641 | +109.0% |
| Operating profit (loss) | 9901 | €430,057 | €1,052,498 | +€622,441 | +144.7% |
| Financial income | 75/76B | €6 | €17 | +€11 | +168.0% |
| Recurring financial income | 75 | €6 | €17 | +€11 | +168.0% |
| Financial charges | 65/66B | €13,797 | €12,326 | -€1,471 | -10.7% |
| Recurring financial charges | 65 | €13,797 | €12,326 | -€1,471 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €416,267 | €1,040,189 | +€623,922 | +149.9% |
| Income taxes | 67/77 | €61,816 | €89,178 | +€27,362 | +44.3% |
| Profit (loss) for the period | 9904 | €354,451 | €951,011 | +€596,560 | +168.3% |
| Profit (loss) for the period to be appropriated | 9905 | €354,451 | €951,011 | +€596,560 | +168.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.