BASMAG: 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.
BASMAG
Largest movements
- Receivables after one year +€60,758
up €60,758 (+271%), from €22,438 to €83,196
- Financial fixed assets +€37,500
up €37,500 (+17.5%), from €214,525 to €252,025
- Cash +€32,168
up €32,168 (+50.5%), from €63,743 to €95,912
mainly Net result for the year (+€105,741) and Tax, wage and social debts (+€38,218)
- Receivables within one year +€18,504
up €18,504 (+20.1%), from €92,028 to €110,533
of which Other amounts receivable: +€50,000
- Reserves +€105,741
up €105,741 (+33.2%), from €318,341 to €424,082
- Tax, wage and social debts +€38,218
up €38,218 (+58.1%), from €65,790 to €104,008
- Taxes +€5,615
up €5,615 (+11.4%), from €49,400 to €55,015
- Depreciation -€5,395
down €5,395 (-80.8%), from €6,679 to €1,285
- Gross operating margin +€3,945
up €3,945 (+2.5%), from €155,174 to €159,120
- Financial income +€2,347
up €2,347 (+135%), from €1,736 to €4,083
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 | €439,093 | €587,394 | +€148,301 | +33.8% |
| Fixed assets | 21/28 | €215,966 | €253,690 | +€37,724 | +17.5% |
| Tangible fixed assets | 22/27 | €1,441 | €1,665 | +€224 | +15.5% |
| Furniture and vehicles | 24 | €1,441 | €1,665 | +€224 | +15.5% |
| Financial fixed assets | 28 | €214,525 | €252,025 | +€37,500 | +17.5% |
| Current assets | 29/58 | €223,126 | €333,704 | +€110,578 | +49.6% |
| Amounts receivable after more than one year | 29 | €22,438 | €83,196 | +€60,758 | +271% |
| Other amounts receivable | 291 | €22,438 | €83,196 | +€60,758 | +271% |
| Amounts receivable within one year | 40/41 | €92,028 | €110,533 | +€18,504 | +20.1% |
| Trade receivables | 40 | €92,028 | €60,533 | -€31,496 | -34.2% |
| Other amounts receivable | 41 | - | €50,000 | +€50,000 | |
| Current investments | 50/53 | €43,292 | €40,651 | -€2,641 | -6.1% |
| Cash at bank and in hand | 54/58 | €63,743 | €95,912 | +€32,168 | +50.5% |
| Deferred charges and accrued income | 490/1 | €1,625 | €3,413 | +€1,788 | +110% |
| Total equity and liabilities | 10/49 | €439,093 | €587,394 | +€148,301 | +33.8% |
| Equity | 10/15 | €364,530 | €470,271 | +€105,741 | +29.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €318,341 | €424,082 | +€105,741 | +33.2% |
| Distributable reserves | 133 | €318,341 | €424,082 | +€105,741 | +33.2% |
| Profit (loss) carried forward | 14 | €27,589 | €27,589 | = | 0.0% |
| Amounts payable | 17/49 | €74,563 | €117,123 | +€42,561 | +57.1% |
| Amounts payable within one year | 42/48 | €74,563 | €117,123 | +€42,561 | +57.1% |
| Financial debts | 43 | €96 | - | -€96 | |
| Credit institutions | 430/8 | €96 | - | -€96 | |
| Trade debts | 44 | €607 | €902 | +€295 | +48.7% |
| Suppliers | 440/4 | €607 | €902 | +€295 | +48.7% |
| Taxes, remuneration and social security | 45 | €65,790 | €104,008 | +€38,218 | +58.1% |
| Taxes | 450/3 | €65,790 | €104,008 | +€38,218 | +58.1% |
| Other amounts payable | 47/48 | €8,070 | €12,213 | +€4,143 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,679 | €1,285 | -€5,395 | -80.8% |
| Other operating charges | 640/8 | €1,100 | €1,023 | -€77 | -7.0% |
| Non-recurring operating charges | 66A | €2,140 | - | -€2,140 | |
| Gross operating margin | 9900 | €155,174 | €159,120 | +€3,945 | +2.5% |
| Operating profit (loss) | 9901 | €145,254 | €156,812 | +€11,558 | +8.0% |
| Financial income | 75/76B | €1,736 | €4,083 | +€2,347 | +135% |
| Recurring financial income | 75 | €1,736 | €4,083 | +€2,347 | +135% |
| Financial charges | 65/66B | €1,637 | €139 | -€1,497 | -91.5% |
| Recurring financial charges | 65 | €1,637 | €139 | -€1,497 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | €145,353 | €160,756 | +€15,402 | +10.6% |
| Income taxes | 67/77 | €49,400 | €55,015 | +€5,615 | +11.4% |
| Profit (loss) for the period | 9904 | €95,954 | €105,741 | +€9,787 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €95,954 | €105,741 | +€9,787 | +10.2% |
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 16 October 2026 via checked.be.