BASWARE BELGIUM: what changed
Two fiscal 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.
What changed
BASWARE BELGIUM
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€760,570
2024 · €1.2m-€452,501
Equity
€2.3m
2024 · €1.5m+€760,570
Cash
€591,641
2024 · €260,974+€330,667
Balance sheet total
€4.9m
2024 · €6.6m-€1.7m
Largest movements
Assets
- Receivables within one year -€1.8m
down €1.8m (-31.5%), from €5.8m to €4.0m
of which Other amounts receivable: -€2.1m
- Cash +€330,667
up €330,667 (+126.7%), from €260,974 to €591,641
mainly Receivables within one year (+€1.8m) and Net result for the year (+€760,570)
- Deferred charges and accrued income -€190,708
down €190,708 (-34.2%), from €557,221 to €366,513
Equity and liabilities
- Other debts -€2.0m
down €2.0m (-100.0%), from €2.0m to €0
- Profit (loss) carried forward +€760,570
up €760,570 (+48.2%), from -€1.6m to -€818,629
- Tax, wage and social debts -€439,656
down €439,656 (-49.4%), from €890,244 to €450,588
of which Remuneration and social security: -€463,700
- Trade debts +€270,374
up €270,374 (+31.5%), from €858,488 to €1.1m
- Accrued charges and deferred income -€230,911
down €230,911 (-18.2%), from €1.3m to €1.0m
Income statement
- Services and other goods +€1.0m
up €1.0m (+31.5%), from €3.3m to €4.3m
- Turnover +€407,427
up €407,427 (+5.7%), from €7.2m to €7.6m
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.
Result 2024
€1.2m
Turnover
+€407,427
Goods and materials
+€43,994
Services and other goods
-€1.0m
Staff costs
-€34,097
Depreciation
+€1,665
Write-downs
-€33,953
Other operating charges
-€44,571
Other operating items
+€280,961
Financial income
-€30,308
Financial charges
+€43,386
Taxes
-€51,603
Result 2025
€760,570
Cash bridge derived
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.
From operations
+€333,033
Investment
-€2,366
Financing
€0
Cash 2024
€260,974
From operations (derived)
+€333,033
Net result for the year
+€760,570
Depreciation
+€6,261
Receivables within one year
+€1.8m
Deferred charges and accrued income
+€190,708
Trade debts
+€270,374
Tax, wage and social debts
-€439,656
Other debts
-€2.0m
Accrued charges and deferred income
-€230,911
Investment (derived)
-€2,366
Investment in fixed assets (net)
-€2,366
Cash 2025
€591,641
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,611,335 | €4,923,313 | -€1.7m | -25.5% |
| Fixed assets | 21/28 | €9,442 | €5,547 | -€3,895 | -41.3% |
| Tangible fixed assets | 22/27 | €7,901 | €5,547 | -€2,354 | -29.8% |
| Plant, machinery and equipment | 23 | €7,901 | €5,547 | -€2,354 | -29.8% |
| Financial fixed assets | 28 | €1,541 | €0 | -€1,541 | -100.0% |
| Other financial fixed assets | 284/8 | €1,541 | €0 | -€1,541 | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,541 | €0 | -€1,541 | -100.0% |
| Current assets | 29/58 | €6,601,893 | €4,917,767 | -€1.7m | -25.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,783,698 | €3,959,612 | -€1.8m | -31.5% |
| Trade receivables | 40 | €1,664,194 | €1,950,895 | +€286,701 | +17.2% |
| Other amounts receivable | 41 | €4,119,504 | €2,008,717 | -€2.1m | -51.2% |
| Cash at bank and in hand | 54/58 | €260,974 | €591,641 | +€330,667 | +126.7% |
| Deferred charges and accrued income | 490/1 | €557,221 | €366,513 | -€190,708 | -34.2% |
| Total equity and liabilities | 10/49 | €6,611,335 | €4,923,313 | -€1.7m | -25.5% |
| Equity | 10/15 | €1,547,895 | €2,308,465 | +€760,570 | +49.1% |
| Contributions | 10/11 | €3,127,094 | €3,127,094 | = | 0.0% |
| Capital | 10 | €3,127,094 | €3,127,094 | = | 0.0% |
| Issued capital | 100 | €3,127,094 | €3,127,094 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,579,199 | -€818,629 | +€760,570 | +48.2% |
| Amounts payable | 17/49 | €5,063,440 | €2,614,849 | -€2.4m | -48.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,797,130 | €1,579,450 | -€2.2m | -58.4% |
| Trade debts | 44 | €858,488 | €1,128,862 | +€270,374 | +31.5% |
| Suppliers | 440/4 | €858,488 | €1,128,862 | +€270,374 | +31.5% |
| Taxes, remuneration and social security | 45 | €890,244 | €450,588 | -€439,656 | -49.4% |
| Taxes | 450/3 | €104,213 | €128,257 | +€24,044 | +23.1% |
| Remuneration and social security | 454/9 | €786,031 | €322,331 | -€463,700 | -59.0% |
| Other amounts payable | 47/48 | €2,048,398 | €0 | -€2.0m | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,266,310 | €1,035,398 | -€230,911 | -18.2% |
| Operating income | 70/76A | €7,173,595 | €7,581,022 | +€407,427 | +5.7% |
| Turnover | 70 | €7,173,595 | €7,581,022 | +€407,427 | +5.7% |
| Operating charges | 60/66A | €5,958,834 | €6,780,235 | +€821,401 | +13.8% |
| Goods for resale, raw materials and consumables | 60 | €632,528 | €588,534 | -€43,994 | -7.0% |
| Purchases | 600/8 | €632,528 | €588,534 | -€43,994 | -7.0% |
| Services and other goods | 61 | €3,289,725 | €4,325,125 | +€1.0m | +31.5% |
| Remuneration, social security and pensions | 62 | €1,759,668 | €1,793,765 | +€34,097 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,926 | €6,261 | -€1,665 | -21.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€18,787 | €15,166 | +€33,953 | |
| Other operating charges | 640/8 | €6,812 | €51,383 | +€44,571 | +654.3% |
| Non-recurring operating charges | 66A | €280,961 | €0 | -€280,961 | -100.0% |
| Operating profit (loss) | 9901 | €1,214,761 | €800,787 | -€413,974 | -34.1% |
| Financial income | 75/76B | €152,850 | €122,542 | -€30,308 | -19.8% |
| Recurring financial income | 75 | €152,850 | €122,542 | -€30,308 | -19.8% |
| Income from current assets | 751 | €152,850 | €121,905 | -€30,946 | -20.2% |
| Other financial income | 752/9 | €0 | €637 | +€637 | +6373600.0% |
| Financial charges | 65/66B | €131,475 | €88,089 | -€43,386 | -33.0% |
| Recurring financial charges | 65 | €131,475 | €88,089 | -€43,386 | -33.0% |
| Debt charges | 650 | €127,737 | €83,186 | -€44,551 | -34.9% |
| Other financial charges | 652/9 | €3,738 | €4,903 | +€1,165 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €1,236,137 | €835,240 | -€400,897 | -32.4% |
| Income taxes | 67/77 | €23,067 | €74,670 | +€51,603 | +223.7% |
| Taxes | 670/3 | €23,067 | €74,670 | +€51,603 | +223.7% |
| Profit (loss) for the period | 9904 | €1,213,070 | €760,570 | -€452,501 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,213,070 | €760,570 | -€452,501 | -37.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.