Bastenie: 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.
Bastenie
Largest movements
- Tangible fixed assets +€485,572
up €485,572 (+101%), from €479,266 to €964,838
of which Plant, machinery and equipment: +€350,212
- Current investments -€330,680
down €330,680 (-32.8%), from €1.0m to €676,248
- Receivables within one year +€260,557
up €260,557 (+57.8%), from €450,816 to €711,372
of which Trade receivables: +€215,996
- Cash +€229,610
up €229,610 (+59.7%), from €384,453 to €614,063
- Receivables after one year -€163,000
down €163,000 (-84.5%), from €193,000 to €30,000
- Tax, wage and social debts +€327,039
up €327,039 (+1,060%), from €30,849 to €357,888
of which Taxes: +€325,188
- Trade debts +€186,235
up €186,235 (+550%), from €33,844 to €220,079
- Current portion of long-term debt -€41,013
no longer reported in 2025 (was €41,013)
- Gross operating margin +€1.4m
up €1.4m (+94.1%), from €1.5m to €2.9m
- Other operating charges +€522,563
up €522,563 (+69.6%), from €750,544 to €1.3m
- Taxes +€377,581
up €377,581 (+923%), from €40,896 to €418,477
- Staff costs +€374,682
up €374,682 (+96.4%), from €388,856 to €763,538
- Depreciation +€316,761
up €316,761 (+196%), from €161,347 to €478,108
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,729,898 | €3,247,108 | +€517,210 | +18.9% |
| Fixed assets | 21/28 | €681,814 | €1,193,551 | +€511,736 | +75.1% |
| Intangible fixed assets | 21 | €90,313 | €106,477 | +€16,165 | +17.9% |
| Tangible fixed assets | 22/27 | €479,266 | €964,838 | +€485,572 | +101% |
| Plant, machinery and equipment | 23 | €319,596 | €669,809 | +€350,212 | +110% |
| Furniture and vehicles | 24 | €27,788 | €27,379 | -€409 | -1.5% |
| Other tangible fixed assets | 26 | €131,882 | €267,650 | +€135,769 | +103% |
| Financial fixed assets | 28 | €112,236 | €122,236 | +€10,000 | +8.9% |
| Current assets | 29/58 | €2,048,084 | €2,053,557 | +€5,473 | +0.3% |
| Amounts receivable after more than one year | 29 | €193,000 | €30,000 | -€163,000 | -84.5% |
| Other amounts receivable | 291 | €193,000 | €30,000 | -€163,000 | -84.5% |
| Amounts receivable within one year | 40/41 | €450,816 | €711,372 | +€260,557 | +57.8% |
| Trade receivables | 40 | €379,004 | €595,000 | +€215,996 | +57.0% |
| Other amounts receivable | 41 | €71,812 | €116,372 | +€44,560 | +62.1% |
| Current investments | 50/53 | €1,006,928 | €676,248 | -€330,680 | -32.8% |
| Cash at bank and in hand | 54/58 | €384,453 | €614,063 | +€229,610 | +59.7% |
| Deferred charges and accrued income | 490/1 | €12,888 | €21,874 | +€8,986 | +69.7% |
| Total equity and liabilities | 10/49 | €2,729,898 | €3,247,108 | +€517,210 | +18.9% |
| Equity | 10/15 | €2,208,692 | €2,233,935 | +€25,243 | +1.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €1,708,692 | €1,733,935 | +€25,243 | +1.5% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,836 | €70,836 | = | 0.0% |
| Distributable reserves | 133 | €1,587,856 | €1,613,099 | +€25,243 | +1.6% |
| Amounts payable | 17/49 | €521,206 | €1,013,173 | +€491,967 | +94.4% |
| Amounts payable after more than one year | 17 | €27,709 | €10,000 | -€17,709 | -63.9% |
| Financial debts | 170/4 | €27,709 | - | -€27,709 | |
| Other amounts payable | 178/9 | - | €10,000 | +€10,000 | |
| Amounts payable within one year | 42/48 | €482,138 | €962,237 | +€480,099 | +99.6% |
| Current portion of amounts payable after more than one year | 42 | €41,013 | - | -€41,013 | |
| Financial debts | 43 | €30,000 | €21,000 | -€9,000 | -30.0% |
| Credit institutions | 430/8 | €30,000 | €21,000 | -€9,000 | -30.0% |
| Trade debts | 44 | €33,844 | €220,079 | +€186,235 | +550% |
| Suppliers | 440/4 | €33,844 | €220,079 | +€186,235 | +550% |
| Taxes, remuneration and social security | 45 | €30,849 | €357,888 | +€327,039 | +1,060% |
| Taxes | 450/3 | €855 | €326,042 | +€325,188 | +38,036% |
| Remuneration and social security | 454/9 | €29,994 | €31,846 | +€1,851 | +6.2% |
| Other amounts payable | 47/48 | €346,431 | €363,270 | +€16,839 | +4.9% |
| Accrued charges and deferred income | 492/3 | €11,359 | €40,936 | +€29,576 | +260% |
| Non-recurring operating income | 76A | €22,433 | €15,101 | -€7,332 | -32.7% |
| Remuneration, social security and pensions | 62 | €388,856 | €763,538 | +€374,682 | +96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,347 | €478,108 | +€316,761 | +196% |
| Other operating charges | 640/8 | €750,544 | €1,273,107 | +€522,563 | +69.6% |
| Gross operating margin | 9900 | €1,485,839 | €2,883,441 | +€1.4m | +94.1% |
| Operating profit (loss) | 9901 | €185,093 | €368,687 | +€183,594 | +99.2% |
| Financial income | 75/76B | €13,086 | €95,312 | +€82,227 | +628% |
| Recurring financial income | 75 | €13,086 | €95,312 | +€82,227 | +628% |
| Financial charges | 65/66B | €10,930 | €20,279 | +€9,350 | +85.5% |
| Recurring financial charges | 65 | €10,930 | €20,279 | +€9,350 | +85.5% |
| Profit (loss) for the period before taxes | 9903 | €187,248 | €443,720 | +€256,472 | +137% |
| Income taxes | 67/77 | €40,896 | €418,477 | +€377,581 | +923% |
| Profit (loss) for the period | 9904 | €146,352 | €25,243 | -€121,109 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €146,352 | €25,243 | -€121,109 | -82.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.