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 +€616,102
up €616,102 (+69.5%), from €885,903 to €1.5m
- Receivables within one year +€612,251
up €612,251 (+71.8%), from €853,311 to €1.5m
of which Trade receivables: +€595,295
- Cash +€287,280
up €287,280 (+62.1%), from €462,347 to €749,627
mainly Trade debts (+€799,093) and Debts after one year (+€319,419)
- Tangible fixed assets +€51,408
up €51,408 (+5.7%), from €899,745 to €951,153
of which Furniture and vehicles: +€107,978
- Trade debts +€799,093
up €799,093 (+101%), from €793,339 to €1.6m
of which Suppliers: +€799,093
- Debts after one year +€319,419
up €319,419 (+114%), from €280,618 to €600,036
- Reserves +€180,897
up €180,897 (+12.6%), from €1.4m to €1.6m
- Advances received +€166,704
up €166,704 (+133%), from €124,999 to €291,703
- Current portion of long-term debt +€75,018
up €75,018 (+124%), from €60,718 to €135,736
- Gross operating margin +€653,180
up €653,180 (+70.3%), from €928,850 to €1.6m
- Staff costs +€450,364
up €450,364 (+75.3%), from €598,228 to €1.0m
- Depreciation +€77,756
up €77,756 (+63.4%), from €122,608 to €200,364
- Write-downs +€29,555
up €29,555 (+13,556%), from €218 to €29,773
- Taxes +€29,292
up €29,292 (+50.7%), from €57,755 to €87,047
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 | €3,183,365 | €4,742,017 | +€1.6m | +49.0% |
| Fixed assets | 21/28 | €952,249 | €991,808 | +€39,558 | +4.2% |
| Intangible fixed assets | 21 | €51,269 | €39,419 | -€11,850 | -23.1% |
| Tangible fixed assets | 22/27 | €899,745 | €951,153 | +€51,408 | +5.7% |
| Plant, machinery and equipment | 23 | €33,220 | €39,702 | +€6,482 | +19.5% |
| Furniture and vehicles | 24 | €108,822 | €216,800 | +€107,978 | +99.2% |
| Other tangible fixed assets | 26 | €757,703 | €694,651 | -€63,052 | -8.3% |
| Financial fixed assets | 28 | €1,236 | €1,236 | = | 0.0% |
| Current assets | 29/58 | €2,231,116 | €3,750,209 | +€1.5m | +68.1% |
| Stocks and contracts in progress | 3 | €885,903 | €1,502,004 | +€616,102 | +69.5% |
| Stocks | 30/36 | €885,903 | €1,502,004 | +€616,102 | +69.5% |
| Amounts receivable within one year | 40/41 | €853,311 | €1,465,562 | +€612,251 | +71.8% |
| Trade receivables | 40 | €841,843 | €1,437,137 | +€595,295 | +70.7% |
| Other amounts receivable | 41 | €11,468 | €28,424 | +€16,956 | +148% |
| Cash at bank and in hand | 54/58 | €462,347 | €749,627 | +€287,280 | +62.1% |
| Deferred charges and accrued income | 490/1 | €29,555 | €33,016 | +€3,461 | +11.7% |
| Total equity and liabilities | 10/49 | €3,183,365 | €4,742,017 | +€1.6m | +49.0% |
| Equity | 10/15 | €1,454,780 | €1,634,647 | +€179,867 | +12.4% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,433,317 | €1,614,214 | +€180,897 | +12.6% |
| Distributable reserves | 133 | €1,433,317 | €1,614,214 | +€180,897 | +12.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €2,713 | €1,683 | -€1,030 | -38.0% |
| Amounts payable | 17/49 | €1,728,585 | €3,107,370 | +€1.4m | +79.8% |
| Amounts payable after more than one year | 17 | €280,618 | €600,036 | +€319,419 | +114% |
| Financial debts | 170/4 | €280,618 | €600,036 | +€319,419 | +114% |
| Amounts payable within one year | 42/48 | €1,447,968 | €2,507,334 | +€1.1m | +73.2% |
| Current portion of amounts payable after more than one year | 42 | €60,718 | €135,736 | +€75,018 | +124% |
| Financial debts | 43 | €3,043 | €3,084 | +€40 | +1.3% |
| Credit institutions | 430/8 | €3,043 | €3,084 | +€40 | +1.3% |
| Trade debts | 44 | €793,339 | €1,592,433 | +€799,093 | +101% |
| Suppliers | 440/4 | €793,339 | €1,592,433 | +€799,093 | +101% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €124,999 | €291,703 | +€166,704 | +133% |
| Taxes, remuneration and social security | 45 | €174,817 | €234,894 | +€60,076 | +34.4% |
| Taxes | 450/3 | €55,414 | €25,566 | -€29,849 | -53.9% |
| Remuneration and social security | 454/9 | €119,403 | €209,328 | +€89,925 | +75.3% |
| Other amounts payable | 47/48 | €291,051 | €249,485 | -€41,566 | -14.3% |
| Non-recurring operating income | 76A | €1,531 | €0 | -€1,531 | -100% |
| Remuneration, social security and pensions | 62 | €598,228 | €1,048,592 | +€450,364 | +75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,608 | €200,364 | +€77,756 | +63.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €218 | €29,773 | +€29,555 | +13,556% |
| Other operating charges | 640/8 | €6,429 | €7,751 | +€1,322 | +20.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €928,850 | €1,582,030 | +€653,180 | +70.3% |
| Operating profit (loss) | 9901 | €201,367 | €295,550 | +€94,183 | +46.8% |
| Financial income | 75/76B | €2,316 | €3,506 | +€1,190 | +51.4% |
| Recurring financial income | 75 | €2,316 | €3,506 | +€1,190 | +51.4% |
| Financial charges | 65/66B | €16,300 | €31,112 | +€14,812 | +90.9% |
| Recurring financial charges | 65 | €16,300 | €31,112 | +€14,812 | +90.9% |
| Profit (loss) for the period before taxes | 9903 | €187,384 | €267,944 | +€80,560 | +43.0% |
| Income taxes | 67/77 | €57,755 | €87,047 | +€29,292 | +50.7% |
| Profit (loss) for the period | 9904 | €129,629 | €180,897 | +€51,269 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €129,629 | €180,897 | +€51,269 | +39.6% |
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.