BASTIEN: 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.
BASTIEN
Largest movements
- Stocks and contracts +€1.6m
up €1.6m (+486%), from €330,332 to €1.9m
- Tangible fixed assets -€556,821
down €556,821 (-19.9%), from €2.8m to €2.2m
of which Land and buildings: -€580,304
- Cash -€192,938
down €192,938 (-65.6%), from €293,949 to €101,011
mainly Stocks and contracts (-€1.6m) and Debts after one year (-€91,416)
- Short-term financial debts +€585,756
up €585,756 (+58.9%), from €994,090 to €1.6m
- Profit (loss) carried forward +€488,461
up €488,461 (+82.2%), from €594,205 to €1.1m
- Reserves -€232,835
down €232,835 (-44.0%), from €529,164 to €296,329
of which Tax-exempt reserves: -€232,835
- Tax, wage and social debts +€107,371
up €107,371 (+150%), from €71,723 to €179,093
of which Taxes: +€103,000
- Debts after one year -€91,416
down €91,416 (-13.4%), from €684,343 to €592,928
of which Financial debts: -€91,192
- Financial income +€358,153
up €358,153 (+186,160%), from €192 to €358,345
of which Non-recurring financial income: +€357,424
- Taxes +€151,488
up €151,488 (+526%), from €28,822 to €180,310
- Financial charges -€51,406
down €51,406 (-46.8%), from €109,857 to €58,451
- Gross operating margin -€50,053
down €50,053 (-12.5%), from €400,894 to €350,841
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 | €3,433,969 | €4,292,272 | +€858,303 | +25.0% |
| Fixed assets | 21/28 | €2,799,542 | €2,242,720 | -€556,821 | -19.9% |
| Tangible fixed assets | 22/27 | €2,796,752 | €2,239,931 | -€556,821 | -19.9% |
| Land and buildings | 22 | €2,795,690 | €2,215,386 | -€580,304 | -20.8% |
| Furniture and vehicles | 24 | €1,063 | €24,545 | +€23,482 | +2,209% |
| Financial fixed assets | 28 | €2,789 | €2,789 | = | 0.0% |
| Current assets | 29/58 | €634,428 | €2,049,552 | +€1.4m | +223% |
| Stocks and contracts in progress | 3 | €330,332 | €1,936,095 | +€1.6m | +486% |
| Stocks | 30/36 | €330,332 | €1,936,095 | +€1.6m | +486% |
| Amounts receivable within one year | 40/41 | €5,297 | €6,223 | +€926 | +17.5% |
| Trade receivables | 40 | €3,646 | €5,612 | +€1,966 | +53.9% |
| Other amounts receivable | 41 | €1,652 | €611 | -€1,040 | -63.0% |
| Cash at bank and in hand | 54/58 | €293,949 | €101,011 | -€192,938 | -65.6% |
| Deferred charges and accrued income | 490/1 | €4,849 | €6,222 | +€1,373 | +28.3% |
| Total equity and liabilities | 10/49 | €3,433,969 | €4,292,272 | +€858,303 | +25.0% |
| Equity | 10/15 | €1,154,355 | €1,409,982 | +€255,626 | +22.1% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €529,164 | €296,329 | -€232,835 | -44.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €526,065 | €293,230 | -€232,835 | -44.3% |
| Profit (loss) carried forward | 14 | €594,205 | €1,082,666 | +€488,461 | +82.2% |
| Provisions and deferred taxes | 16 | €310,612 | €302,255 | -€8,358 | -2.7% |
| Provisions for liabilities and charges | 160/5 | €115,111 | €115,111 | = | 0.0% |
| Major repairs and maintenance | 162 | €25,000 | €25,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €90,111 | €90,111 | = | 0.0% |
| Deferred taxes | 168 | €195,502 | €187,144 | -€8,358 | -4.3% |
| Amounts payable | 17/49 | €1,969,002 | €2,580,035 | +€611,034 | +31.0% |
| Amounts payable after more than one year | 17 | €684,343 | €592,928 | -€91,416 | -13.4% |
| Financial debts | 170/4 | €630,982 | €539,791 | -€91,192 | -14.5% |
| Other amounts payable | 178/9 | €53,361 | €53,137 | -€224 | -0.4% |
| Amounts payable within one year | 42/48 | €1,284,658 | €1,987,108 | +€702,450 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €104,918 | €93,981 | -€10,937 | -10.4% |
| Financial debts | 43 | €994,090 | €1,579,846 | +€585,756 | +58.9% |
| Credit institutions | 430/8 | €994,090 | €1,579,846 | +€585,756 | +58.9% |
| Trade debts | 44 | €7,420 | €15,157 | +€7,738 | +104% |
| Suppliers | 440/4 | €7,420 | €15,157 | +€7,738 | +104% |
| Advances received on contracts in progress | 46 | - | €1,105 | +€1,105 | |
| Taxes, remuneration and social security | 45 | €71,723 | €179,093 | +€107,371 | +150% |
| Taxes | 450/3 | €58,267 | €161,266 | +€103,000 | +177% |
| Remuneration and social security | 454/9 | €13,456 | €17,827 | +€4,371 | +32.5% |
| Other amounts payable | 47/48 | €106,508 | €117,925 | +€11,417 | +10.7% |
| Remuneration, social security and pensions | 62 | €83,500 | €85,834 | +€2,334 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,846 | €98,496 | +€3,650 | +3.8% |
| Other operating charges | 640/8 | €41,094 | €38,827 | -€2,268 | -5.5% |
| Gross operating margin | 9900 | €400,894 | €350,841 | -€50,053 | -12.5% |
| Operating profit (loss) | 9901 | €181,454 | €127,685 | -€53,770 | -29.6% |
| Financial income | 75/76B | €192 | €358,345 | +€358,153 | +186,160% |
| Recurring financial income | 75 | €192 | €921 | +€729 | +379% |
| Non-recurring financial income | 76B | - | €357,424 | +€357,424 | |
| Financial charges | 65/66B | €109,857 | €58,451 | -€51,406 | -46.8% |
| Recurring financial charges | 65 | €109,857 | €58,451 | -€51,406 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €71,789 | €427,579 | +€355,790 | +496% |
| Transfer from deferred taxes | 780 | €8,358 | €8,358 | = | 0.0% |
| Income taxes | 67/77 | €28,822 | €180,310 | +€151,488 | +526% |
| Profit (loss) for the period | 9904 | €51,324 | €255,626 | +€204,302 | +398% |
| Transfer from tax-exempt reserves | 789 | €21,201 | €232,835 | +€211,634 | +998% |
| Profit (loss) for the period to be appropriated | 9905 | €72,526 | €488,461 | +€415,936 | +574% |
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 14 October 2026 via checked.be.