BS INVEST: what changed
What changed
BS INVEST
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
-€37,725
2024 · -€34,574-€3,151
Equity
€8
2024 · €37,732-€37,725
Cash
€32,582
2024 · €132,634-€100,052
Balance sheet total
€2.1m
2024 · €2.2m-€90,476
Largest movements
Assets
- Cash -€100,052
down €100,052 (-75.4%), from €132,634 to €32,582
mainly Debts after one year (-€103,290) and Net result for the year (-€37,725)
Equity and liabilities
- Debts after one year -€103,290
down €103,290 (-8.2%), from €1.3m to €1.2m
of which Financial debts: -€103,290
- Other debts +€40,000
up €40,000 (+5.2%), from €775,514 to €815,514
- Profit (loss) carried forward -€37,725
down €37,725 (-60.6%), from -€62,268 to -€99,992
Income statement
- Financial charges +€41,987
up €41,987 (+538%), from €7,801 to €49,788
- Gross operating margin +€38,742
up €38,742, from -€25,210 to €13,531
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€34,574
Gross operating margin
+€38,742
Other operating charges
+€94
Financial charges
-€41,987
Result 2025
-€37,725
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€338
Investment
€0
Financing
-€99,714
Cash 2024
€132,634
From operations (derived)
-€338
Net result for the year
-€37,725
Depreciation
+€925
Receivables within one year
-€10,501
Trade debts
-€4,867
Tax, wage and social debts
+€1,776
Other debts
+€40,000
Accrued charges and deferred income
+€10,054
Financing
-€99,714
Debts after one year
-€103,290
Current portion of long-term debt
+€3,576
Cash 2025
€32,582
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,194,058 | €2,103,582 | -€90,476 | -4.1% |
| Fixed assets | 21/28 | €2,028,184 | €2,027,259 | -€925 | 0.0% |
| Tangible fixed assets | 22/27 | €40,860 | €39,935 | -€925 | -2.3% |
| Leasing and similar rights | 25 | €40,860 | €39,935 | -€925 | -2.3% |
| Financial fixed assets | 28 | €1,987,324 | €1,987,324 | = | 0.0% |
| Current assets | 29/58 | €165,874 | €76,323 | -€89,551 | -54.0% |
| Amounts receivable within one year | 40/41 | €23,984 | €34,485 | +€10,501 | +43.8% |
| Trade receivables | 40 | €22,346 | €34,485 | +€12,139 | +54.3% |
| Other amounts receivable | 41 | €1,638 | €0 | -€1,638 | -100% |
| Cash at bank and in hand | 54/58 | €132,634 | €32,582 | -€100,052 | -75.4% |
| Deferred charges and accrued income | 490/1 | €9,256 | €9,256 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,194,058 | €2,103,582 | -€90,476 | -4.1% |
| Equity | 10/15 | €37,732 | €8 | -€37,725 | -100.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,268 | -€99,992 | -€37,725 | -60.6% |
| Amounts payable | 17/49 | €2,156,325 | €2,103,574 | -€52,751 | -2.4% |
| Amounts payable after more than one year | 17 | €1,263,134 | €1,159,844 | -€103,290 | -8.2% |
| Financial debts | 170/4 | €1,063,134 | €959,844 | -€103,290 | -9.7% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €887,688 | €928,172 | +€40,484 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €99,714 | €103,290 | +€3,576 | +3.6% |
| Trade debts | 44 | €12,459 | €7,592 | -€4,867 | -39.1% |
| Suppliers | 440/4 | €12,459 | €7,592 | -€4,867 | -39.1% |
| Taxes, remuneration and social security | 45 | - | €1,776 | +€1,776 | |
| Taxes | 450/3 | - | €1,776 | +€1,776 | |
| Other amounts payable | 47/48 | €775,514 | €815,514 | +€40,000 | +5.2% |
| Accrued charges and deferred income | 492/3 | €5,504 | €15,558 | +€10,054 | +183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €925 | €925 | = | 0.0% |
| Other operating charges | 640/8 | €638 | €544 | -€94 | -14.7% |
| Gross operating margin | 9900 | -€25,210 | €13,531 | +€38,742 | |
| Operating profit (loss) | 9901 | -€26,773 | €12,063 | +€38,836 | |
| Financial charges | 65/66B | €7,801 | €49,788 | +€41,987 | +538% |
| Recurring financial charges | 65 | €7,801 | €49,788 | +€41,987 | +538% |
| Profit (loss) for the period before taxes | 9903 | -€34,574 | -€37,725 | -€3,151 | -9.1% |
| Profit (loss) for the period | 9904 | -€34,574 | -€37,725 | -€3,151 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,574 | -€37,725 | -€3,151 | -9.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.