BSA COMPANY: 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 COMPANY
Largest movements
- Cash -€44,214
down €44,214 (-91.7%), from €48,236 to €4,022
mainly Other debts (-€66,100) and Receivables within one year (-€8,348)
- Tangible fixed assets -€16,637
down €16,637 (-19.9%), from €83,548 to €66,911
- Receivables within one year +€8,348
up €8,348 (+189%), from €4,417 to €12,765
of which Other amounts receivable: +€7,952
- Deferred charges and accrued income +€6,340
up €6,340 (+611%), from €1,037 to €7,377
- Intangible fixed assets -€3,000
down €3,000 (-10.2%), from €29,451 to €26,451
- Other debts -€66,100
down €66,100 (-65.4%), from €101,050 to €34,950
- Profit (loss) carried forward +€14,665
up €14,665 (+131%), from €11,214 to €25,879
- Tax, wage and social debts +€6,099
up €6,099 (+61.1%), from €9,989 to €16,088
of which Remuneration and social security: +€5,740
- Trade debts -€2,677
down €2,677 (-5.6%), from €48,106 to €45,429
- Staff costs +€52,937
up €52,937 (+90.6%), from €58,422 to €111,359
- Gross operating margin +€40,408
up €40,408 (+32.8%), from €123,052 to €163,460
- Depreciation +€7,522
up €7,522 (+40.5%), from €18,589 to €26,111
- Financial charges +€2,218
up €2,218 (+98.4%), from €2,254 to €4,472
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 | €171,859 | €123,846 | -€48,013 | -27.9% |
| Fixed assets | 21/28 | €112,999 | €93,362 | -€19,637 | -17.4% |
| Intangible fixed assets | 21 | €29,451 | €26,451 | -€3,000 | -10.2% |
| Tangible fixed assets | 22/27 | €83,548 | €66,911 | -€16,637 | -19.9% |
| Plant, machinery and equipment | 23 | €19,798 | €14,012 | -€5,786 | -29.2% |
| Furniture and vehicles | 24 | €30,463 | €22,370 | -€8,093 | -26.6% |
| Other tangible fixed assets | 26 | €33,287 | €30,529 | -€2,758 | -8.3% |
| Current assets | 29/58 | €58,860 | €30,484 | -€28,376 | -48.2% |
| Stocks and contracts in progress | 3 | €5,170 | €6,320 | +€1,150 | +22.2% |
| Stocks | 30/36 | €5,170 | €6,320 | +€1,150 | +22.2% |
| Amounts receivable within one year | 40/41 | €4,417 | €12,765 | +€8,348 | +189% |
| Trade receivables | 40 | €3,542 | €3,938 | +€396 | +11.2% |
| Other amounts receivable | 41 | €875 | €8,827 | +€7,952 | +909% |
| Cash at bank and in hand | 54/58 | €48,236 | €4,022 | -€44,214 | -91.7% |
| Deferred charges and accrued income | 490/1 | €1,037 | €7,377 | +€6,340 | +611% |
| Total equity and liabilities | 10/49 | €171,859 | €123,846 | -€48,013 | -27.9% |
| Equity | 10/15 | €12,714 | €27,379 | +€14,665 | +115% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,214 | €25,879 | +€14,665 | +131% |
| Amounts payable | 17/49 | €159,145 | €96,467 | -€62,678 | -39.4% |
| Amounts payable within one year | 42/48 | €159,145 | €96,467 | -€62,678 | -39.4% |
| Trade debts | 44 | €48,106 | €45,429 | -€2,677 | -5.6% |
| Suppliers | 440/4 | €48,106 | €45,429 | -€2,677 | -5.6% |
| Taxes, remuneration and social security | 45 | €9,989 | €16,088 | +€6,099 | +61.1% |
| Taxes | 450/3 | €4,669 | €5,028 | +€359 | +7.7% |
| Remuneration and social security | 454/9 | €5,320 | €11,060 | +€5,740 | +108% |
| Other amounts payable | 47/48 | €101,050 | €34,950 | -€66,100 | -65.4% |
| Remuneration, social security and pensions | 62 | €58,422 | €111,359 | +€52,937 | +90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,589 | €26,111 | +€7,522 | +40.5% |
| Other operating charges | 640/8 | €1,682 | €2,195 | +€513 | +30.5% |
| Gross operating margin | 9900 | €123,052 | €163,460 | +€40,408 | +32.8% |
| Operating profit (loss) | 9901 | €44,359 | €23,795 | -€20,564 | -46.4% |
| Financial income | 75/76B | €96 | €121 | +€25 | +26.0% |
| Recurring financial income | 75 | €96 | €121 | +€25 | +26.0% |
| Financial charges | 65/66B | €2,254 | €4,472 | +€2,218 | +98.4% |
| Recurring financial charges | 65 | €2,254 | €4,472 | +€2,218 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €42,201 | €19,444 | -€22,757 | -53.9% |
| Income taxes | 67/77 | €4,004 | €4,779 | +€775 | +19.4% |
| Profit (loss) for the period | 9904 | €38,197 | €14,665 | -€23,532 | -61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,197 | €14,665 | -€23,532 | -61.6% |
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 28 October 2026 via checked.be.