BSA Design: 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.
BSA Design
Largest movements
- Tangible fixed assets -€48,661
down €48,661 (-40.1%), from €121,315 to €72,654
of which Furniture and vehicles: -€47,199
- Intangible fixed assets -€12,500
down €12,500 (-20.0%), from €62,568 to €50,068
- Cash +€7,517
up €7,517 (+11.8%), from €63,485 to €71,002
mainly Depreciation (+€40,690) and Investment in fixed assets (net) (+€20,071)
- Stocks and contracts -€3,438
down €3,438 (-57.9%), from €5,938 to €2,500
- Receivables within one year -€3,042
down €3,042 (-16.8%), from €18,063 to €15,022
of which Trade receivables: -€4,134
- Debts after one year -€48,552
down €48,552 (-59.8%), from €81,189 to €32,638
- Reserves -€15,000
down €15,000 (-13.6%), from €110,000 to €95,000
- Trade debts +€11,769
up €11,769 (+979.4%), from €1,202 to €12,970
- Current portion of long-term debt -€6,340
down €6,340 (-15.9%), from €39,778 to €33,438
- Tax, wage and social debts -€5,880
down €5,880 (-32.7%), from €17,991 to €12,110
of which Taxes: -€10,243
- Gross operating margin -€15,396
down €15,396 (-9.0%), from €171,807 to €156,411
- Staff costs -€11,350
down €11,350 (-9.8%), from €115,363 to €104,013
- Depreciation -€7,612
down €7,612 (-15.8%), from €48,302 to €40,690
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 | €275,478 | €217,116 | -€58,362 | -21.2% |
| Fixed assets | 21/28 | €184,943 | €124,182 | -€60,761 | -32.9% |
| Intangible fixed assets | 21 | €62,568 | €50,068 | -€12,500 | -20.0% |
| Tangible fixed assets | 22/27 | €121,315 | €72,654 | -€48,661 | -40.1% |
| Plant, machinery and equipment | 23 | €1,858 | €396 | -€1,462 | -78.7% |
| Furniture and vehicles | 24 | €119,457 | €72,258 | -€47,199 | -39.5% |
| Financial fixed assets | 28 | €1,060 | €1,460 | +€400 | +37.7% |
| Current assets | 29/58 | €90,535 | €92,934 | +€2,399 | +2.6% |
| Stocks and contracts in progress | 3 | €5,938 | €2,500 | -€3,438 | -57.9% |
| Stocks | 30/36 | €5,938 | €2,500 | -€3,438 | -57.9% |
| Amounts receivable within one year | 40/41 | €18,063 | €15,022 | -€3,042 | -16.8% |
| Trade receivables | 40 | €15,653 | €11,519 | -€4,134 | -26.4% |
| Other amounts receivable | 41 | €2,411 | €3,503 | +€1,092 | +45.3% |
| Cash at bank and in hand | 54/58 | €63,485 | €71,002 | +€7,517 | +11.8% |
| Deferred charges and accrued income | 490/1 | €3,049 | €4,410 | +€1,361 | +44.6% |
| Total equity and liabilities | 10/49 | €275,478 | €217,116 | -€58,362 | -21.2% |
| Equity | 10/15 | €122,157 | €109,014 | -€13,143 | -10.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €110,000 | €95,000 | -€15,000 | -13.6% |
| Distributable reserves | 133 | €110,000 | €95,000 | -€15,000 | -13.6% |
| Profit (loss) carried forward | 14 | €2,157 | €4,014 | +€1,857 | +86.1% |
| Amounts payable | 17/49 | €153,321 | €108,102 | -€45,219 | -29.5% |
| Amounts payable after more than one year | 17 | €81,189 | €32,638 | -€48,552 | -59.8% |
| Financial debts | 170/4 | €81,189 | €32,638 | -€48,552 | -59.8% |
| Amounts payable within one year | 42/48 | €72,132 | €75,464 | +€3,332 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €39,778 | €33,438 | -€6,340 | -15.9% |
| Trade debts | 44 | €1,202 | €12,970 | +€11,769 | +979.4% |
| Suppliers | 440/4 | €1,202 | €12,970 | +€11,769 | +979.4% |
| Taxes, remuneration and social security | 45 | €17,991 | €12,110 | -€5,880 | -32.7% |
| Taxes | 450/3 | €13,050 | €2,807 | -€10,243 | -78.5% |
| Remuneration and social security | 454/9 | €4,941 | €9,303 | +€4,362 | +88.3% |
| Other amounts payable | 47/48 | €13,161 | €16,945 | +€3,784 | +28.8% |
| Remuneration, social security and pensions | 62 | €115,363 | €104,013 | -€11,350 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,302 | €40,690 | -€7,612 | -15.8% |
| Other operating charges | 640/8 | €2,939 | €3,562 | +€624 | +21.2% |
| Gross operating margin | 9900 | €171,807 | €156,411 | -€15,396 | -9.0% |
| Operating profit (loss) | 9901 | €5,203 | €8,146 | +€2,942 | +56.6% |
| Financial income | 75/76B | €211 | €125 | -€85 | -40.5% |
| Recurring financial income | 75 | €211 | €125 | -€85 | -40.5% |
| Financial charges | 65/66B | €5,510 | €4,170 | -€1,340 | -24.3% |
| Recurring financial charges | 65 | €5,510 | €4,170 | -€1,340 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€96 | €4,101 | +€4,197 | |
| Income taxes | 67/77 | €756 | €2,244 | +€1,487 | +196.7% |
| Profit (loss) for the period | 9904 | -€852 | €1,857 | +€2,710 | |
| Profit (loss) for the period to be appropriated | 9905 | -€852 | €1,857 | +€2,710 |
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 7 October 2026 via checked.be.