BASSECO: 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.
BASSECO
Largest movements
- Receivables within one year +€260,558
up €260,558 (+140.1%), from €186,031 to €446,589
of which Other amounts receivable: +€209,161
- Current investments -€200,182
down €200,182 (-40.0%), from €500,000 to €299,818
- Cash +€159,024
up €159,024 (+77.9%), from €204,197 to €363,221
mainly Trade debts (+€203,020) and Current investments (+€200,182)
- Stocks and contracts +€50,925
up €50,925 (+15.4%), from €330,940 to €381,865
- Trade debts +€203,020
up €203,020 (+53.3%), from €381,115 to €584,135
- Profit (loss) carried forward +€44,968
up €44,968 (+12.5%), from €359,051 to €404,018
- Gross operating margin +€127,178
up €127,178 (+18.2%), from €699,812 to €826,989
- Staff costs +€37,815
up €37,815 (+6.2%), from €606,182 to €643,997
- Depreciation +€23,113
up €23,113 (+67.4%), from €34,267 to €57,380
- Financial charges +€20,801
up €20,801 (+68.8%), from €30,217 to €51,018
of which Non-recurring financial charges: +€21,127
- Taxes +€19,518
up €19,518 (+12745.8%), from €153 to €19,671
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,663,941 | €1,924,966 | +€261,025 | +15.7% |
| Fixed assets | 21/28 | €433,250 | €413,441 | -€19,809 | -4.6% |
| Tangible fixed assets | 22/27 | €413,617 | €395,828 | -€17,789 | -4.3% |
| Land and buildings | 22 | €177,939 | €199,805 | +€21,867 | +12.3% |
| Plant, machinery and equipment | 23 | €140,578 | €120,503 | -€20,075 | -14.3% |
| Furniture and vehicles | 24 | €95,099 | €75,520 | -€19,580 | -20.6% |
| Financial fixed assets | 28 | €19,633 | €17,613 | -€2,021 | -10.3% |
| Current assets | 29/58 | €1,230,691 | €1,511,526 | +€280,834 | +22.8% |
| Stocks and contracts in progress | 3 | €330,940 | €381,865 | +€50,925 | +15.4% |
| Stocks | 30/36 | €330,940 | €381,865 | +€50,925 | +15.4% |
| Amounts receivable within one year | 40/41 | €186,031 | €446,589 | +€260,558 | +140.1% |
| Trade receivables | 40 | €82,415 | €133,812 | +€51,397 | +62.4% |
| Other amounts receivable | 41 | €103,616 | €312,777 | +€209,161 | +201.9% |
| Current investments | 50/53 | €500,000 | €299,818 | -€200,182 | -40.0% |
| Cash at bank and in hand | 54/58 | €204,197 | €363,221 | +€159,024 | +77.9% |
| Deferred charges and accrued income | 490/1 | €9,523 | €20,033 | +€10,509 | +110.4% |
| Total equity and liabilities | 10/49 | €1,663,941 | €1,924,966 | +€261,025 | +15.7% |
| Equity | 10/15 | €1,214,619 | €1,259,587 | +€44,968 | +3.7% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €730,568 | €730,568 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €633,868 | €633,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | €359,051 | €404,018 | +€44,968 | +12.5% |
| Amounts payable | 17/49 | €449,322 | €665,380 | +€216,057 | +48.1% |
| Amounts payable after more than one year | 17 | €3,800 | €3,800 | = | 0.0% |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €444,769 | €661,580 | +€216,811 | +48.7% |
| Trade debts | 44 | €381,115 | €584,135 | +€203,020 | +53.3% |
| Suppliers | 440/4 | €381,115 | €584,135 | +€203,020 | +53.3% |
| Taxes, remuneration and social security | 45 | €62,274 | €71,454 | +€9,180 | +14.7% |
| Taxes | 450/3 | €55 | €9,671 | +€9,616 | +17612.1% |
| Remuneration and social security | 454/9 | €62,220 | €61,784 | -€436 | -0.7% |
| Other amounts payable | 47/48 | €1,380 | €5,991 | +€4,611 | +334.2% |
| Accrued charges and deferred income | 492/3 | €754 | - | -€754 | |
| Non-recurring operating income | 76A | €1,141 | €16,537 | +€15,396 | +1349.4% |
| Remuneration, social security and pensions | 62 | €606,182 | €643,997 | +€37,815 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,267 | €57,380 | +€23,113 | +67.4% |
| Other operating charges | 640/8 | €37,549 | €37,861 | +€312 | +0.8% |
| Non-recurring operating charges | 66A | €4,244 | €25 | -€4,219 | -99.4% |
| Gross operating margin | 9900 | €699,812 | €826,989 | +€127,178 | +18.2% |
| Operating profit (loss) | 9901 | €17,570 | €87,727 | +€70,157 | +399.3% |
| Financial income | 75/76B | €22,579 | €27,930 | +€5,350 | +23.7% |
| Recurring financial income | 75 | €22,579 | €27,930 | +€5,350 | +23.7% |
| Financial charges | 65/66B | €30,217 | €51,018 | +€20,801 | +68.8% |
| Recurring financial charges | 65 | €29,165 | €28,839 | -€326 | -1.1% |
| Non-recurring financial charges | 66B | €1,052 | €22,179 | +€21,127 | +2007.9% |
| Profit (loss) for the period before taxes | 9903 | €9,932 | €64,639 | +€54,706 | +550.8% |
| Income taxes | 67/77 | €153 | €19,671 | +€19,518 | +12745.8% |
| Profit (loss) for the period | 9904 | €9,779 | €44,968 | +€35,188 | +359.8% |
| Transfer from tax-exempt reserves | 789 | €168,400 | - | -€168,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €178,179 | €44,968 | -€133,212 | -74.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.