Bastiano: 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.
Bastiano
Largest movements
- Cash -€24,503
down €24,503 (-32.5%), from €75,492 to €50,988
mainly Investment in fixed assets (net) (-€24,813) and Trade debts (-€20,013)
- Receivables within one year +€11,552
up €11,552 (+68.1%), from €16,970 to €28,522
of which Trade receivables: +€7,021
- Stocks and contracts +€3,670
up €3,670 (+12.3%), from €29,853 to €33,523
- Intangible fixed assets -€3,250
down €3,250 (-33.3%), from €9,750 to €6,500
- Trade debts -€20,013
down €20,013 (-30.8%), from €64,946 to €44,934
- Debts after one year +€17,414
up €17,414 (+90.0%), from €19,345 to €36,759
- Current portion of long-term debt -€5,186
down €5,186 (-26.5%), from €19,582 to €14,396
- Other debts -€3,203
down €3,203 (-45.3%), from €7,078 to €3,875
- Gross operating margin +€12,149
up €12,149 (+6.1%), from €197,942 to €210,090
- Financial income -€9,637
down €9,637 (-98.5%), from €9,784 to €147
- Staff costs +€5,016
up €5,016 (+2.9%), from €170,967 to €175,983
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 | €201,976 | €189,569 | -€12,407 | -6.1% |
| Fixed assets | 21/28 | €79,660 | €75,915 | -€3,745 | -4.7% |
| Intangible fixed assets | 21 | €9,750 | €6,500 | -€3,250 | -33.3% |
| Tangible fixed assets | 22/27 | €69,910 | €69,415 | -€495 | -0.7% |
| Plant, machinery and equipment | 23 | €7,980 | €20,003 | +€12,023 | +151% |
| Furniture and vehicles | 24 | €39,374 | €32,878 | -€6,496 | -16.5% |
| Other tangible fixed assets | 26 | €22,556 | €16,534 | -€6,022 | -26.7% |
| Current assets | 29/58 | €122,315 | €113,654 | -€8,661 | -7.1% |
| Stocks and contracts in progress | 3 | €29,853 | €33,523 | +€3,670 | +12.3% |
| Stocks | 30/36 | €29,853 | €33,523 | +€3,670 | +12.3% |
| Amounts receivable within one year | 40/41 | €16,970 | €28,522 | +€11,552 | +68.1% |
| Trade receivables | 40 | €11,360 | €18,381 | +€7,021 | +61.8% |
| Other amounts receivable | 41 | €5,610 | €10,141 | +€4,531 | +80.8% |
| Cash at bank and in hand | 54/58 | €75,492 | €50,988 | -€24,503 | -32.5% |
| Deferred charges and accrued income | 490/1 | - | €620 | +€620 | |
| Total equity and liabilities | 10/49 | €201,976 | €189,569 | -€12,407 | -6.1% |
| Equity | 10/15 | €62,647 | €62,647 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,047 | €44,047 | = | 0.0% |
| Distributable reserves | 133 | €44,047 | €44,047 | = | 0.0% |
| Amounts payable | 17/49 | €139,329 | €126,922 | -€12,407 | -8.9% |
| Amounts payable after more than one year | 17 | €19,345 | €36,759 | +€17,414 | +90.0% |
| Financial debts | 170/4 | €19,345 | €36,759 | +€17,414 | +90.0% |
| Amounts payable within one year | 42/48 | €119,984 | €90,163 | -€29,820 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €19,582 | €14,396 | -€5,186 | -26.5% |
| Financial debts | 43 | €1,269 | €1,269 | = | 0.0% |
| Credit institutions | 430/8 | €1,269 | €1,269 | = | 0.0% |
| Trade debts | 44 | €64,946 | €44,934 | -€20,013 | -30.8% |
| Suppliers | 440/4 | €64,946 | €44,934 | -€20,013 | -30.8% |
| Taxes, remuneration and social security | 45 | €27,108 | €25,690 | -€1,418 | -5.2% |
| Taxes | 450/3 | €1,326 | - | -€1,326 | |
| Remuneration and social security | 454/9 | €25,782 | €25,690 | -€92 | -0.4% |
| Other amounts payable | 47/48 | €7,078 | €3,875 | -€3,203 | -45.3% |
| Remuneration, social security and pensions | 62 | €170,967 | €175,983 | +€5,016 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,535 | €28,558 | -€977 | -3.3% |
| Other operating charges | 640/8 | €1,901 | €1,636 | -€266 | -14.0% |
| Gross operating margin | 9900 | €197,942 | €210,090 | +€12,149 | +6.1% |
| Operating profit (loss) | 9901 | -€4,461 | €3,914 | +€8,375 | |
| Financial income | 75/76B | €9,784 | €147 | -€9,637 | -98.5% |
| Recurring financial income | 75 | €9,784 | €147 | -€9,637 | -98.5% |
| Financial charges | 65/66B | €2,670 | €2,224 | -€446 | -16.7% |
| Recurring financial charges | 65 | €2,670 | €2,224 | -€446 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €2,653 | €1,837 | -€816 | -30.8% |
| Income taxes | 67/77 | €1,929 | €1,380 | -€549 | -28.4% |
| Profit (loss) for the period | 9904 | €724 | €457 | -€268 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €724 | €457 | -€268 | -36.9% |
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 30 October 2026 via checked.be.