BASTION TOWER I: 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 TOWER I
Largest movements
- Cash -€2.7m
down €2.7m (-13.3%), from €20.0m to €17.3m
mainly Current portion of long-term debt (-€40.2m) and Net result for the year (-€3.5m)
- Tangible fixed assets -€2.5m
down €2.5m (-2.5%), from €97.7m to €95.2m
of which Land and buildings: -€2.5m
- Debts after one year +€40.2m
up €40.2m (+68.8%), from €58.4m to €98.6m
- Current portion of long-term debt -€40.2m
no longer reported in 2025 (was €40.2m)
- Profit (loss) carried forward -€3.5m
down €3.5m (-7.4%), from -€47.6m to -€51.1m
- Financial income -€1.2m
down €1.2m (-90.9%), from €1.3m to €116,012
- Gross operating margin +€513,256
up €513,256 (+6.7%), from €7.7m to €8.2m
- Financial charges +€390,792
up €390,792 (+10.0%), from €3.9m to €4.3m
- Other operating charges +€132,240
up €132,240 (+5.3%), from €2.5m to €2.6m
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 | €130,811,921 | €125,612,934 | -€5.2m | -4.0% |
| Fixed assets | 21/28 | €103,530,750 | €101,057,197 | -€2.5m | -2.4% |
| Tangible fixed assets | 22/27 | €97,706,392 | €95,232,839 | -€2.5m | -2.5% |
| Land and buildings | 22 | €97,607,425 | €95,145,183 | -€2.5m | -2.5% |
| Furniture and vehicles | 24 | €98,967 | €87,656 | -€11,311 | -11.4% |
| Financial fixed assets | 28 | €5,824,358 | €5,824,358 | = | 0.0% |
| Current assets | 29/58 | €27,281,172 | €24,555,737 | -€2.7m | -10.0% |
| Amounts receivable within one year | 40/41 | €4,886,312 | €4,694,364 | -€191,948 | -3.9% |
| Trade receivables | 40 | €4,886,312 | €4,583,349 | -€302,963 | -6.2% |
| Other amounts receivable | 41 | - | €111,014 | +€111,014 | |
| Cash at bank and in hand | 54/58 | €19,999,480 | €17,345,496 | -€2.7m | -13.3% |
| Deferred charges and accrued income | 490/1 | €2,395,380 | €2,515,877 | +€120,497 | +5.0% |
| Total equity and liabilities | 10/49 | €130,811,921 | €125,612,934 | -€5.2m | -4.0% |
| Equity | 10/15 | €19,631,450 | €16,117,294 | -€3.5m | -17.9% |
| Contributions | 10/11 | €67,249,859 | €67,249,859 | = | 0.0% |
| Capital | 10 | €67,249,859 | €67,249,859 | = | 0.0% |
| Issued capital | 100 | €67,249,859 | €67,249,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,618,409 | -€51,132,565 | -€3.5m | -7.4% |
| Amounts payable | 17/49 | €111,180,471 | €109,495,640 | -€1.7m | -1.5% |
| Amounts payable after more than one year | 17 | €58,400,000 | €98,553,998 | +€40.2m | +68.8% |
| Financial debts | 170/4 | €58,400,000 | €98,553,998 | +€40.2m | +68.8% |
| Amounts payable within one year | 42/48 | €44,725,060 | €4,176,769 | -€40.5m | -90.7% |
| Current portion of amounts payable after more than one year | 42 | €40,153,998 | - | -€40.2m | |
| Trade debts | 44 | €4,148,797 | €3,842,335 | -€306,462 | -7.4% |
| Suppliers | 440/4 | €4,148,797 | €3,842,335 | -€306,462 | -7.4% |
| Taxes, remuneration and social security | 45 | €145,616 | €57,785 | -€87,831 | -60.3% |
| Taxes | 450/3 | €145,616 | €57,785 | -€87,831 | -60.3% |
| Other amounts payable | 47/48 | €276,649 | €276,649 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,055,411 | €6,764,872 | -€1.3m | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,978,843 | €4,949,415 | -€29,428 | -0.6% |
| Other operating charges | 640/8 | €2,505,531 | €2,637,772 | +€132,240 | +5.3% |
| Gross operating margin | 9900 | €7,653,660 | €8,166,916 | +€513,256 | +6.7% |
| Operating profit (loss) | 9901 | €169,286 | €579,729 | +€410,444 | +242% |
| Financial income | 75/76B | €1,281,214 | €116,012 | -€1.2m | -90.9% |
| Recurring financial income | 75 | €1,281,214 | €116,012 | -€1.2m | -90.9% |
| Financial charges | 65/66B | €3,924,872 | €4,315,663 | +€390,792 | +10.0% |
| Recurring financial charges | 65 | €3,924,872 | €4,315,663 | +€390,792 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,474,372 | -€3,619,922 | -€1.1m | -46.3% |
| Income taxes | 67/77 | -€96,175 | -€105,766 | -€9,591 | -10.0% |
| Profit (loss) for the period | 9904 | -€2,378,197 | -€3,514,156 | -€1.1m | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,378,197 | -€3,514,156 | -€1.1m | -47.8% |
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 28 October 2026 via checked.be.