BBSA: 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.
BBSA
Largest movements
- Tangible fixed assets +€177,939
up €177,939 (+50.9%), from €349,596 to €527,535
of which Land and buildings: +€183,887
- Current investments -€54,444
down €54,444 (-82.0%), from €66,363 to €11,919
- Cash -€29,971
down €29,971 (-20.1%), from €149,360 to €119,389
mainly Investment in fixed assets (net) (-€202,225) and Tax, wage and social debts (-€26,022)
- Receivables within one year +€20,952
up €20,952 (+113.8%), from €18,415 to €39,367
of which Trade receivables: +€16,904
- Profit (loss) carried forward +€152,098
up €152,098 (+64.0%), from €237,672 to €389,769
- Tax, wage and social debts -€26,022
down €26,022 (-87.4%), from €29,781 to €3,759
of which Taxes: -€28,334
- Debts after one year -€13,074
down €13,074 (-4.3%), from €301,923 to €288,849
- Gross operating margin +€50,493
up €50,493 (+26.6%), from €189,491 to €239,984
- Taxes +€15,242
up €15,242 (+42.0%), from €36,283 to €51,525
- Depreciation +€10,947
up €10,947 (+82.1%), from €13,339 to €24,285
- Financial charges -€10,556
down €10,556 (-51.3%), from €20,591 to €10,035
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €586,447 | €701,227 | +€114,780 | +19.6% |
| Fixed assets | 21/28 | €349,701 | €527,640 | +€177,939 | +50.9% |
| Tangible fixed assets | 22/27 | €349,596 | €527,535 | +€177,939 | +50.9% |
| Land and buildings | 22 | €338,873 | €522,760 | +€183,887 | +54.3% |
| Furniture and vehicles | 24 | €7,723 | €4,775 | -€2,948 | -38.2% |
| Assets under construction and advance payments | 27 | €3,000 | €0 | -€3,000 | -100.0% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €236,746 | €173,587 | -€63,159 | -26.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €18,415 | €39,367 | +€20,952 | +113.8% |
| Trade receivables | 40 | €16,606 | €33,510 | +€16,904 | +101.8% |
| Other amounts receivable | 41 | €1,810 | €5,858 | +€4,048 | +223.7% |
| Current investments | 50/53 | €66,363 | €11,919 | -€54,444 | -82.0% |
| Cash at bank and in hand | 54/58 | €149,360 | €119,389 | -€29,971 | -20.1% |
| Deferred charges and accrued income | 490/1 | €2,608 | €2,912 | +€304 | +11.6% |
| Total equity and liabilities | 10/49 | €586,447 | €701,227 | +€114,780 | +19.6% |
| Equity | 10/15 | €238,922 | €391,019 | +€152,098 | +63.7% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €237,672 | €389,769 | +€152,098 | +64.0% |
| Amounts payable | 17/49 | €347,525 | €310,208 | -€37,317 | -10.7% |
| Amounts payable after more than one year | 17 | €301,923 | €288,849 | -€13,074 | -4.3% |
| Financial debts | 170/4 | €301,923 | €288,849 | -€13,074 | -4.3% |
| Amounts payable within one year | 42/48 | €44,327 | €20,069 | -€24,258 | -54.7% |
| Current portion of amounts payable after more than one year | 42 | €12,670 | €13,074 | +€404 | +3.2% |
| Trade debts | 44 | €1,876 | €976 | -€900 | -48.0% |
| Suppliers | 440/4 | €1,876 | €976 | -€900 | -48.0% |
| Taxes, remuneration and social security | 45 | €29,781 | €3,759 | -€26,022 | -87.4% |
| Taxes | 450/3 | €29,781 | €1,447 | -€28,334 | -95.1% |
| Remuneration and social security | 454/9 | - | €2,312 | +€2,312 | |
| Other amounts payable | 47/48 | €0 | €2,260 | +€2,260 | |
| Accrued charges and deferred income | 492/3 | €1,275 | €1,290 | +€15 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,339 | €24,285 | +€10,947 | +82.1% |
| Other operating charges | 640/8 | €692 | €2,741 | +€2,049 | +295.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €189,491 | €239,984 | +€50,493 | +26.6% |
| Operating profit (loss) | 9901 | €175,460 | €212,957 | +€37,497 | +21.4% |
| Financial income | 75/76B | €948 | €699 | -€248 | -26.2% |
| Recurring financial income | 75 | €948 | €699 | -€248 | -26.2% |
| Financial charges | 65/66B | €20,591 | €10,035 | -€10,556 | -51.3% |
| Recurring financial charges | 65 | €20,591 | €10,035 | -€10,556 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €155,817 | €203,622 | +€47,805 | +30.7% |
| Income taxes | 67/77 | €36,283 | €51,525 | +€15,242 | +42.0% |
| Profit (loss) for the period | 9904 | €119,534 | €152,098 | +€32,564 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €119,534 | €152,098 | +€32,564 | +27.2% |
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 29 September 2026 via checked.be.