BSA GROUPE: 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 GROUPE
Largest movements
- Receivables within one year -€15,618
down €15,618 (-23.5%), from €66,431 to €50,813
of which Other amounts receivable: -€16,644
- Cash -€9,000
down €9,000 (-47.2%), from €19,057 to €10,057
mainly Other debts (-€19,558) and Current portion of long-term debt (-€12,549)
- Other debts -€19,558
down €19,558 (-62.7%), from €31,179 to €11,621
- Reserves +€15,603
up €15,603 (+66.5%), from €23,448 to €39,051
- Current portion of long-term debt -€12,549
no longer reported in 2025 (was €12,549)
- Tax, wage and social debts -€11,778
down €11,778 (-56.4%), from €20,877 to €9,099
of which Taxes: -€11,400
- Trade debts +€2,380
up €2,380 (+97.5%), from €2,440 to €4,820
- Gross operating margin -€32,251
down €32,251 (-29.7%), from €108,541 to €76,290
- Staff costs -€13,575
down €13,575 (-24.1%), from €56,443 to €42,869
- Taxes -€2,497
down €2,497 (-22.5%), from €11,108 to €8,611
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 | €91,493 | €65,591 | -€25,902 | -28.3% |
| Fixed assets | 21/28 | €5,485 | €4,722 | -€763 | -13.9% |
| Tangible fixed assets | 22/27 | €5,195 | €4,722 | -€473 | -9.1% |
| Plant, machinery and equipment | 23 | €4,672 | €3,602 | -€1,070 | -22.9% |
| Furniture and vehicles | 24 | €523 | €1,120 | +€597 | +114% |
| Financial fixed assets | 28 | €290 | - | -€290 | |
| Current assets | 29/58 | €86,008 | €60,869 | -€25,139 | -29.2% |
| Amounts receivable within one year | 40/41 | €66,431 | €50,813 | -€15,618 | -23.5% |
| Trade receivables | 40 | €42,674 | €43,700 | +€1,026 | +2.4% |
| Other amounts receivable | 41 | €23,756 | €7,113 | -€16,644 | -70.1% |
| Cash at bank and in hand | 54/58 | €19,057 | €10,057 | -€9,000 | -47.2% |
| Deferred charges and accrued income | 490/1 | €521 | - | -€521 | |
| Total equity and liabilities | 10/49 | €91,493 | €65,591 | -€25,902 | -28.3% |
| Equity | 10/15 | €24,448 | €40,051 | +€15,603 | +63.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €23,448 | €39,051 | +€15,603 | +66.5% |
| Distributable reserves | 133 | €23,448 | €39,051 | +€15,603 | +66.5% |
| Amounts payable | 17/49 | €67,045 | €25,540 | -€41,505 | -61.9% |
| Amounts payable within one year | 42/48 | €67,045 | €25,540 | -€41,505 | -61.9% |
| Current portion of amounts payable after more than one year | 42 | €12,549 | - | -€12,549 | |
| Trade debts | 44 | €2,440 | €4,820 | +€2,380 | +97.5% |
| Suppliers | 440/4 | €2,440 | €4,820 | +€2,380 | +97.5% |
| Taxes, remuneration and social security | 45 | €20,877 | €9,099 | -€11,778 | -56.4% |
| Taxes | 450/3 | €11,400 | - | -€11,400 | |
| Remuneration and social security | 454/9 | €9,477 | €9,099 | -€378 | -4.0% |
| Other amounts payable | 47/48 | €31,179 | €11,621 | -€19,558 | -62.7% |
| Non-recurring operating income | 76A | €18,100 | - | -€18,100 | |
| Remuneration, social security and pensions | 62 | €56,443 | €42,869 | -€13,575 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €950 | €1,745 | +€795 | +83.7% |
| Other operating charges | 640/8 | €653 | €408 | -€244 | -37.4% |
| Gross operating margin | 9900 | €108,541 | €76,290 | -€32,251 | -29.7% |
| Operating profit (loss) | 9901 | €50,495 | €31,268 | -€19,227 | -38.1% |
| Financial charges | 65/66B | €427 | €356 | -€71 | -16.5% |
| Recurring financial charges | 65 | €427 | €356 | -€71 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €50,068 | €30,912 | -€19,156 | -38.3% |
| Income taxes | 67/77 | €11,108 | €8,611 | -€2,497 | -22.5% |
| Profit (loss) for the period | 9904 | €38,960 | €22,301 | -€16,659 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,960 | €22,301 | -€16,659 | -42.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.