BSA & Co: 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.
BSA & Co
Largest movements
- Receivables within one year -€2,449
down €2,449 (-14.8%), from €16,597 to €14,148
of which Other amounts receivable: -€6,146
- Tangible fixed assets -€1,665
down €1,665 (-50.0%), from €3,327 to €1,662
- Cash -€456
down €456 (-3.6%), from €12,819 to €12,363
mainly Contributions, distributions and other (-€20,000) and Tax, wage and social debts (-€999)
- Profit (loss) carried forward -€11,984
down €11,984 (-56.7%), from €21,154 to €9,170
- Trade debts +€5,413
up €5,413 (+221.2%), from €2,447 to €7,860
- Other debts +€3,000
new in 2025: €3,000
- Tax, wage and social debts -€999
down €999 (-14.0%), from €7,142 to €6,143
- Gross operating margin +€4,261
up €4,261 (+45.9%), from €9,276 to €13,537
- Taxes +€988
up €988 (+64.5%), from €1,531 to €2,519
- Depreciation +€322
up €322 (+18.3%), from €1,760 to €2,082
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 | €32,743 | €28,173 | -€4,570 | -14.0% |
| Fixed assets | 21/28 | €3,327 | €1,662 | -€1,665 | -50.0% |
| Tangible fixed assets | 22/27 | €3,327 | €1,662 | -€1,665 | -50.0% |
| Furniture and vehicles | 24 | €3,327 | €1,662 | -€1,665 | -50.0% |
| Current assets | 29/58 | €29,416 | €26,511 | -€2,905 | -9.9% |
| Amounts receivable within one year | 40/41 | €16,597 | €14,148 | -€2,449 | -14.8% |
| Trade receivables | 40 | €6,775 | €10,472 | +€3,697 | +54.6% |
| Other amounts receivable | 41 | €9,822 | €3,676 | -€6,146 | -62.6% |
| Cash at bank and in hand | 54/58 | €12,819 | €12,363 | -€456 | -3.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €32,743 | €28,173 | -€4,570 | -14.0% |
| Equity | 10/15 | €23,154 | €11,170 | -€11,984 | -51.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,154 | €9,170 | -€11,984 | -56.7% |
| Amounts payable | 17/49 | €9,589 | €17,003 | +€7,414 | +77.3% |
| Amounts payable within one year | 42/48 | €9,589 | €17,003 | +€7,414 | +77.3% |
| Trade debts | 44 | €2,447 | €7,860 | +€5,413 | +221.2% |
| Suppliers | 440/4 | €2,447 | €7,860 | +€5,413 | +221.2% |
| Taxes, remuneration and social security | 45 | €7,142 | €6,143 | -€999 | -14.0% |
| Taxes | 450/3 | €7,142 | €6,143 | -€999 | -14.0% |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,760 | €2,082 | +€322 | +18.3% |
| Other operating charges | 640/8 | €710 | €822 | +€112 | +15.8% |
| Gross operating margin | 9900 | €9,276 | €13,537 | +€4,261 | +45.9% |
| Operating profit (loss) | 9901 | €6,806 | €10,633 | +€3,827 | +56.2% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €102 | €98 | -€4 | -3.9% |
| Recurring financial charges | 65 | €102 | €98 | -€4 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €6,713 | €10,535 | +€3,822 | +56.9% |
| Income taxes | 67/77 | €1,531 | €2,519 | +€988 | +64.5% |
| Profit (loss) for the period | 9904 | €5,182 | €8,016 | +€2,834 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,182 | €8,016 | +€2,834 | +54.7% |
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 9 October 2026 via checked.be.