BAST: 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.
BAST
Largest movements
- Receivables within one year +€382,871
up €382,871 (+61.8%), from €619,082 to €1.0m
of which Other amounts receivable: +€475,184
- Stocks and contracts -€118,765
down €118,765 (-59.8%), from €198,765 to €80,000
of which Stocks: -€98,765
- Tangible fixed assets -€91,993
down €91,993 (-39.1%), from €235,369 to €143,376
of which Other tangible fixed assets: -€144,302
- Financial fixed assets +€31,975
up €31,975 (+5.2%), from €613,175 to €645,150
- Formation expenses -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Other debts +€230,425
up €230,425 (+1225.2%), from €18,808 to €249,233
- Trade debts +€199,549
up €199,549 (+50.9%), from €392,011 to €591,561
- Short-term financial debts -€185,500
down €185,500 (-33.1%), from €560,000 to €374,500
- Debts after one year -€88,779
down €88,779 (-18.0%), from €493,637 to €404,858
- Reserves +€74,206
up €74,206 (+20423.9%), from €363 to €74,569
- Staff costs +€261,945
up €261,945 (+28.6%), from €915,465 to €1.2m
- Gross operating margin -€188,563
down €188,563 (-10.0%), from €1.9m to €1.7m
- Taxes +€54,036
up €54,036 (+2659.1%), from €2,032 to €56,068
- Depreciation -€30,517
down €30,517 (-38.1%), from €80,081 to €49,563
- Financial charges -€24,045
down €24,045 (-23.0%), from €104,368 to €80,323
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 | €1,751,191 | €1,949,859 | +€198,669 | +11.3% |
| Formation expenses | 20 | €30,000 | €0 | -€30,000 | -100.0% |
| Fixed assets | 21/28 | €848,544 | €788,526 | -€60,019 | -7.1% |
| Tangible fixed assets | 22/27 | €235,369 | €143,376 | -€91,993 | -39.1% |
| Plant, machinery and equipment | 23 | €6,759 | €11,034 | +€4,275 | +63.3% |
| Furniture and vehicles | 24 | €84,309 | €132,342 | +€48,033 | +57.0% |
| Other tangible fixed assets | 26 | €144,302 | €0 | -€144,302 | -100.0% |
| Financial fixed assets | 28 | €613,175 | €645,150 | +€31,975 | +5.2% |
| Current assets | 29/58 | €872,646 | €1,161,334 | +€288,688 | +33.1% |
| Stocks and contracts in progress | 3 | €198,765 | €80,000 | -€118,765 | -59.8% |
| Stocks | 30/36 | €158,765 | €60,000 | -€98,765 | -62.2% |
| Contracts in progress | 37 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €619,082 | €1,001,953 | +€382,871 | +61.8% |
| Trade receivables | 40 | €591,314 | €499,002 | -€92,313 | -15.6% |
| Other amounts receivable | 41 | €27,768 | €502,952 | +€475,184 | +1711.3% |
| Cash at bank and in hand | 54/58 | €33,350 | €41,538 | +€8,188 | +24.6% |
| Deferred charges and accrued income | 490/1 | €21,450 | €37,843 | +€16,393 | +76.4% |
| Total equity and liabilities | 10/49 | €1,751,191 | €1,949,859 | +€198,669 | +11.3% |
| Equity | 10/15 | €78,963 | €153,169 | +€74,206 | +94.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €363 | €74,569 | +€74,206 | +20423.9% |
| Distributable reserves | 133 | €363 | €74,569 | +€74,206 | +20423.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,672,227 | €1,796,690 | +€124,463 | +7.4% |
| Amounts payable after more than one year | 17 | €493,637 | €404,858 | -€88,779 | -18.0% |
| Financial debts | 170/4 | €493,637 | €404,858 | -€88,779 | -18.0% |
| Amounts payable within one year | 42/48 | €1,154,523 | €1,375,351 | +€220,827 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €70,579 | €8,277 | -€62,301 | -88.3% |
| Financial debts | 43 | €560,000 | €374,500 | -€185,500 | -33.1% |
| Credit institutions | 430/8 | €560,000 | €374,500 | -€185,500 | -33.1% |
| Trade debts | 44 | €392,011 | €591,561 | +€199,549 | +50.9% |
| Suppliers | 440/4 | €392,011 | €591,561 | +€199,549 | +50.9% |
| Taxes, remuneration and social security | 45 | €113,126 | €151,780 | +€38,654 | +34.2% |
| Taxes | 450/3 | €19,429 | €41,880 | +€22,451 | +115.6% |
| Remuneration and social security | 454/9 | €93,697 | €109,900 | +€16,203 | +17.3% |
| Other amounts payable | 47/48 | €18,808 | €249,233 | +€230,425 | +1225.2% |
| Accrued charges and deferred income | 492/3 | €24,067 | €16,482 | -€7,585 | -31.5% |
| Remuneration, social security and pensions | 62 | €915,465 | €1,177,410 | +€261,945 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,081 | €49,563 | -€30,517 | -38.1% |
| Other operating charges | 640/8 | €29,373 | €33,808 | +€4,435 | +15.1% |
| Non-recurring operating charges | 66A | - | €31,535 | +€31,535 | |
| Gross operating margin | 9900 | €1,891,403 | €1,702,841 | -€188,563 | -10.0% |
| Operating profit (loss) | 9901 | €866,485 | €410,524 | -€455,961 | -52.6% |
| Financial income | 75/76B | €2,237 | €73 | -€2,165 | -96.8% |
| Recurring financial income | 75 | €2,237 | €73 | -€2,165 | -96.8% |
| Financial charges | 65/66B | €104,368 | €80,323 | -€24,045 | -23.0% |
| Recurring financial charges | 65 | €104,368 | €80,323 | -€24,045 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €764,354 | €330,274 | -€434,081 | -56.8% |
| Income taxes | 67/77 | €2,032 | €56,068 | +€54,036 | +2659.1% |
| Profit (loss) for the period | 9904 | €762,322 | €274,206 | -€488,116 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €762,322 | €274,206 | -€488,116 | -64.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.