BASTION: 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.
BASTION
Largest movements
- Receivables within one year -€5.6m
down €5.6m (-100.0%), from €5.6m to €230
of which Other amounts receivable: -€5.6m
- Profit (loss) carried forward -€4.9m
down €4.9m, from €3.6m to -€1.2m
- Debts after one year -€682,546
down €682,546 (-11.5%), from €5.9m to €5.2m
of which Financial debts: -€490,000
- Write-downs +€5.5m
new in 2025: €5.5m
- Gross operating margin +€49,457
up €49,457 (+26.8%), from €184,614 to €234,071
- Financial income +€25,639
up €25,639 (+5.1%), from €504,319 to €529,958
- Financial charges -€8,802
down €8,802 (-6.1%), from €144,284 to €135,482
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 | €12,007,690 | €6,410,252 | -€5.6m | -46.6% |
| Fixed assets | 21/28 | €6,441,197 | €6,404,560 | -€36,637 | -0.6% |
| Financial fixed assets | 28 | €6,441,197 | €6,404,560 | -€36,637 | -0.6% |
| Current assets | 29/58 | €5,566,493 | €5,692 | -€5.6m | -99.9% |
| Amounts receivable within one year | 40/41 | €5,564,899 | €230 | -€5.6m | -100.0% |
| Trade receivables | 40 | €230 | €230 | = | 0.0% |
| Other amounts receivable | 41 | €5,564,669 | - | -€5.6m | |
| Cash at bank and in hand | 54/58 | €1,594 | €5,462 | +€3,868 | +243% |
| Total equity and liabilities | 10/49 | €12,007,690 | €6,410,252 | -€5.6m | -46.6% |
| Equity | 10/15 | €5,466,206 | €604,428 | -€4.9m | -88.9% |
| Contributions | 10/11 | €1,851,696 | €1,851,696 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €3,614,510 | -€1,247,269 | -€4.9m | |
| Amounts payable | 17/49 | €6,541,484 | €5,805,825 | -€735,659 | -11.2% |
| Amounts payable after more than one year | 17 | €5,916,594 | €5,234,048 | -€682,546 | -11.5% |
| Financial debts | 170/4 | €1,347,500 | €857,500 | -€490,000 | -36.4% |
| Other amounts payable | 178/9 | €4,569,094 | €4,376,548 | -€192,546 | -4.2% |
| Amounts payable within one year | 42/48 | €624,890 | €571,777 | -€53,113 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €490,000 | €490,000 | = | 0.0% |
| Trade debts | 44 | €1,396 | €5,731 | +€4,335 | +311% |
| Suppliers | 440/4 | €1,396 | €5,731 | +€4,335 | +311% |
| Taxes, remuneration and social security | 45 | €9,428 | €12,008 | +€2,580 | +27.4% |
| Taxes | 450/3 | €9,428 | €12,008 | +€2,580 | +27.4% |
| Other amounts payable | 47/48 | €124,066 | €64,038 | -€60,028 | -48.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,488,555 | +€5.5m | |
| Other operating charges | 640/8 | €1,214 | €1,771 | +€557 | +45.9% |
| Gross operating margin | 9900 | €184,614 | €234,071 | +€49,457 | +26.8% |
| Operating profit (loss) | 9901 | €183,400 | -€5,256,255 | -€5.4m | |
| Financial income | 75/76B | €504,319 | €529,958 | +€25,639 | +5.1% |
| Recurring financial income | 75 | €504,319 | €529,958 | +€25,639 | +5.1% |
| Financial charges | 65/66B | €144,284 | €135,482 | -€8,802 | -6.1% |
| Recurring financial charges | 65 | €144,284 | €135,482 | -€8,802 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €543,435 | -€4,861,779 | -€5.4m | |
| Profit (loss) for the period | 9904 | €543,435 | -€4,861,779 | -€5.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €543,435 | -€4,861,779 | -€5.4m |
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 16 October 2026 via checked.be.