BASSER: 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.
BASSER
Largest movements
- Tangible fixed assets -€123,597
down €123,597 (-5.7%), from €2.2m to €2.0m
of which Land and buildings: -€98,001
- Cash +€89,739
up €89,739 (+31.6%), from €284,038 to €373,778
mainly Depreciation (+€129,885) and Current investments (+€76,216)
- Current investments -€76,216
no longer reported in 2025 (was €76,216)
- Debts after one year -€86,369
down €86,369 (-7.0%), from €1.2m to €1.2m
of which Financial debts: -€86,369
- Profit (loss) carried forward +€55,816
up €55,816 (+11.0%), from -€509,497 to -€453,681
- Reserves -€42,131
down €42,131 (-3.3%), from €1.3m to €1.2m
of which Tax-exempt reserves: -€42,131
- Other debts -€29,475
down €29,475 (-74.0%), from €39,827 to €10,352
- Depreciation -€67,019
down €67,019 (-34.0%), from €196,905 to €129,885
- Gross operating margin +€54,582
up €54,582 (+48.2%), from €113,348 to €167,930
- Other operating charges +€5,443
up €5,443 (+38.5%), from €14,120 to €19,563
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 | €2,629,007 | €2,503,362 | -€125,645 | -4.8% |
| Fixed assets | 21/28 | €2,236,550 | €2,113,108 | -€123,442 | -5.5% |
| Tangible fixed assets | 22/27 | €2,159,055 | €2,035,458 | -€123,597 | -5.7% |
| Land and buildings | 22 | €2,073,690 | €1,975,689 | -€98,001 | -4.7% |
| Plant, machinery and equipment | 23 | €62,189 | €45,686 | -€16,503 | -26.5% |
| Furniture and vehicles | 24 | €23,176 | €14,083 | -€9,093 | -39.2% |
| Financial fixed assets | 28 | €77,495 | €77,650 | +€155 | +0.2% |
| Current assets | 29/58 | €392,457 | €390,253 | -€2,203 | -0.6% |
| Amounts receivable within one year | 40/41 | €4,458 | €13,823 | +€9,365 | +210% |
| Trade receivables | 40 | €1,152 | €13,599 | +€12,446 | +1,080% |
| Other amounts receivable | 41 | €3,306 | €225 | -€3,081 | -93.2% |
| Current investments | 50/53 | €76,216 | - | -€76,216 | |
| Cash at bank and in hand | 54/58 | €284,038 | €373,778 | +€89,739 | +31.6% |
| Deferred charges and accrued income | 490/1 | €27,744 | €2,652 | -€25,092 | -90.4% |
| Total equity and liabilities | 10/49 | €2,629,007 | €2,503,362 | -€125,645 | -4.8% |
| Equity | 10/15 | €773,861 | €787,547 | +€13,686 | +1.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,264,766 | €1,222,636 | -€42,131 | -3.3% |
| Tax-exempt reserves | 132 | €1,162,907 | €1,120,776 | -€42,131 | -3.6% |
| Distributable reserves | 133 | €101,859 | €101,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€509,497 | -€453,681 | +€55,816 | +11.0% |
| Provisions and deferred taxes | 16 | €478,056 | €460,579 | -€17,476 | -3.7% |
| Deferred taxes | 168 | €478,056 | €460,579 | -€17,476 | -3.7% |
| Amounts payable | 17/49 | €1,377,090 | €1,255,235 | -€121,855 | -8.8% |
| Amounts payable after more than one year | 17 | €1,239,122 | €1,152,753 | -€86,369 | -7.0% |
| Financial debts | 170/4 | €1,231,122 | €1,144,753 | -€86,369 | -7.0% |
| Other amounts payable | 178/9 | €8,000 | €8,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €137,873 | €102,482 | -€35,391 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €85,076 | €86,369 | +€1,293 | +1.5% |
| Trade debts | 44 | €9,457 | €2,222 | -€7,235 | -76.5% |
| Suppliers | 440/4 | €9,457 | €2,222 | -€7,235 | -76.5% |
| Taxes, remuneration and social security | 45 | €3,513 | €3,539 | +€26 | +0.7% |
| Taxes | 450/3 | €3,513 | €3,539 | +€26 | +0.7% |
| Other amounts payable | 47/48 | €39,827 | €10,352 | -€29,475 | -74.0% |
| Accrued charges and deferred income | 492/3 | €95 | - | -€95 | |
| Non-recurring operating income | 76A | €4,158 | - | -€4,158 | |
| Remuneration, social security and pensions | 62 | €2,186 | €2,832 | +€646 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,905 | €129,885 | -€67,019 | -34.0% |
| Other operating charges | 640/8 | €14,120 | €19,563 | +€5,443 | +38.5% |
| Non-recurring operating charges | 66A | €3,617 | - | -€3,617 | |
| Gross operating margin | 9900 | €113,348 | €167,930 | +€54,582 | +48.2% |
| Operating profit (loss) | 9901 | -€103,480 | €15,650 | +€119,130 | |
| Financial income | 75/76B | €1,903 | €457 | -€1,446 | -76.0% |
| Recurring financial income | 75 | €1,903 | €457 | -€1,446 | -76.0% |
| Financial charges | 65/66B | €21,422 | €19,766 | -€1,656 | -7.7% |
| Recurring financial charges | 65 | €21,422 | €19,766 | -€1,656 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€122,998 | -€3,659 | +€119,340 | +97.0% |
| Transfer from deferred taxes | 780 | €17,476 | €17,476 | = | 0.0% |
| Income taxes | 67/77 | -€69 | €132 | +€201 | |
| Profit (loss) for the period | 9904 | -€105,453 | €13,686 | +€119,138 | |
| Transfer from tax-exempt reserves | 789 | €42,131 | €42,131 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,322 | €55,816 | +€119,138 |
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 17 October 2026 via checked.be.