BBSTUK: 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.
BBSTUK
Largest movements
- Stocks and contracts +€110,000
up €110,000 (+344%), from €32,000 to €142,000
of which Contracts in progress: +€100,000
- Tangible fixed assets -€55,299
down €55,299 (-10.7%), from €514,799 to €459,500
- Receivables within one year +€42,256
up €42,256 (+12.6%), from €336,685 to €378,941
of which Trade receivables: +€37,924
- Cash -€24,010
down €24,010 (-10.6%), from €226,797 to €202,787
mainly Stocks and contracts (-€110,000) and Debts after one year (-€63,502)
- Reserves +€82,903
up €82,903 (+22.9%), from €362,185 to €445,088
of which Distributable reserves: +€80,925
- Debts after one year -€63,502
down €63,502 (-17.7%), from €358,643 to €295,142
- Trade debts +€58,632
up €58,632 (+26.1%), from €224,267 to €282,899
- Other debts -€25,872
down €25,872 (-70.5%), from €36,713 to €10,841
- Tax, wage and social debts +€16,948
up €16,948 (+58.4%), from €29,014 to €45,962
of which Remuneration and social security: +€10,286
- Staff costs +€20,770
up €20,770 (+6.3%), from €329,807 to €350,578
- Financial income -€13,328
down €13,328 (-32.3%), from €41,326 to €27,998
- Taxes -€6,489
down €6,489 (-15.2%), from €42,720 to €36,231
- Gross operating margin +€5,443
up €5,443 (+1.0%), from €534,656 to €540,098
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 | €1,117,343 | €1,188,969 | +€71,626 | +6.4% |
| Fixed assets | 21/28 | €514,799 | €459,500 | -€55,299 | -10.7% |
| Tangible fixed assets | 22/27 | €514,799 | €459,500 | -€55,299 | -10.7% |
| Land and buildings | 22 | €360,759 | €346,400 | -€14,358 | -4.0% |
| Plant, machinery and equipment | 23 | €22,621 | €18,701 | -€3,920 | -17.3% |
| Furniture and vehicles | 24 | €93,001 | €67,068 | -€25,933 | -27.9% |
| Leasing and similar rights | 25 | €33,336 | €22,891 | -€10,444 | -31.3% |
| Other tangible fixed assets | 26 | €5,083 | €4,439 | -€643 | -12.7% |
| Current assets | 29/58 | €602,544 | €729,468 | +€126,925 | +21.1% |
| Stocks and contracts in progress | 3 | €32,000 | €142,000 | +€110,000 | +344% |
| Stocks | 30/36 | €32,000 | €42,000 | +€10,000 | +31.3% |
| Contracts in progress | 37 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €336,685 | €378,941 | +€42,256 | +12.6% |
| Trade receivables | 40 | €311,100 | €349,024 | +€37,924 | +12.2% |
| Other amounts receivable | 41 | €25,585 | €29,917 | +€4,332 | +16.9% |
| Cash at bank and in hand | 54/58 | €226,797 | €202,787 | -€24,010 | -10.6% |
| Deferred charges and accrued income | 490/1 | €7,062 | €5,740 | -€1,321 | -18.7% |
| Total equity and liabilities | 10/49 | €1,117,343 | €1,188,969 | +€71,626 | +6.4% |
| Equity | 10/15 | €380,785 | €463,688 | +€82,903 | +21.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €362,185 | €445,088 | +€82,903 | +22.9% |
| Tax-exempt reserves | 132 | €1,714 | €3,691 | +€1,977 | +115% |
| Distributable reserves | 133 | €360,471 | €441,397 | +€80,925 | +22.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €736,558 | €725,281 | -€11,277 | -1.5% |
| Amounts payable after more than one year | 17 | €358,643 | €295,142 | -€63,502 | -17.7% |
| Financial debts | 170/4 | €358,643 | €295,142 | -€63,502 | -17.7% |
| Amounts payable within one year | 42/48 | €375,811 | €423,492 | +€47,681 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €65,044 | €63,502 | -€1,542 | -2.4% |
| Financial debts | 43 | €20,773 | €20,288 | -€485 | -2.3% |
| Credit institutions | 430/8 | €20,773 | €20,288 | -€485 | -2.3% |
| Trade debts | 44 | €224,267 | €282,899 | +€58,632 | +26.1% |
| Suppliers | 440/4 | €224,267 | €282,899 | +€58,632 | +26.1% |
| Taxes, remuneration and social security | 45 | €29,014 | €45,962 | +€16,948 | +58.4% |
| Taxes | 450/3 | €3,180 | €9,842 | +€6,661 | +209% |
| Remuneration and social security | 454/9 | €25,834 | €36,120 | +€10,286 | +39.8% |
| Other amounts payable | 47/48 | €36,713 | €10,841 | -€25,872 | -70.5% |
| Accrued charges and deferred income | 492/3 | €2,103 | €6,647 | +€4,544 | +216% |
| Non-recurring operating income | 76A | €18,595 | €0 | -€18,595 | -100% |
| Remuneration, social security and pensions | 62 | €329,807 | €350,578 | +€20,770 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,903 | €56,969 | -€4,934 | -8.0% |
| Other operating charges | 640/8 | €5,971 | €5,379 | -€592 | -9.9% |
| Non-recurring operating charges | 66A | €922 | €8,583 | +€7,662 | +831% |
| Gross operating margin | 9900 | €534,656 | €540,098 | +€5,443 | +1.0% |
| Operating profit (loss) | 9901 | €136,053 | €118,589 | -€17,463 | -12.8% |
| Financial income | 75/76B | €41,326 | €27,998 | -€13,328 | -32.3% |
| Recurring financial income | 75 | €41,326 | €27,998 | -€13,328 | -32.3% |
| Financial charges | 65/66B | €31,583 | €27,453 | -€4,130 | -13.1% |
| Recurring financial charges | 65 | €31,583 | €27,453 | -€4,130 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €145,796 | €119,134 | -€26,662 | -18.3% |
| Income taxes | 67/77 | €42,720 | €36,231 | -€6,489 | -15.2% |
| Profit (loss) for the period | 9904 | €103,076 | €82,903 | -€20,173 | -19.6% |
| Transfer to tax-exempt reserves | 689 | €1,714 | €1,977 | +€264 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €101,362 | €80,925 | -€20,437 | -20.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.