BSA werken: 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 werken
Largest movements
- Tangible fixed assets +€28,340
up €28,340 (+108%), from €26,330 to €54,669
of which Furniture and vehicles: +€27,931
- Cash +€5,210
up €5,210 (+105%), from €4,950 to €10,160
mainly Debts after one year (+€25,999) and Depreciation (+€11,675)
- Receivables within one year +€3,513
up €3,513 (+35.5%), from €9,889 to €13,402
of which Other amounts receivable: +€9,338
- Debts after one year +€25,999
new in 2025: €25,999
- Current portion of long-term debt +€7,769
new in 2025: €7,769
- Reserves +€3,185
up €3,185 (+16.3%), from €19,588 to €22,773
- Other debts -€958
down €958 (-6.2%), from €15,500 to €14,542
- Gross operating margin +€4,890
up €4,890 (+35.3%), from €13,860 to €18,749
- Depreciation +€2,936
up €2,936 (+33.6%), from €8,740 to €11,675
- Financial charges +€2,236
up €2,236 (+2,142%), from €104 to €2,340
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 | €42,127 | €79,189 | +€37,062 | +88.0% |
| Fixed assets | 21/28 | €26,330 | €54,669 | +€28,340 | +108% |
| Tangible fixed assets | 22/27 | €26,330 | €54,669 | +€28,340 | +108% |
| Land and buildings | 22 | €13,406 | €14,644 | +€1,238 | +9.2% |
| Plant, machinery and equipment | 23 | €2,922 | €2,092 | -€830 | -28.4% |
| Furniture and vehicles | 24 | €10,002 | €37,933 | +€27,931 | +279% |
| Current assets | 29/58 | €15,797 | €24,520 | +€8,723 | +55.2% |
| Amounts receivable within one year | 40/41 | €9,889 | €13,402 | +€3,513 | +35.5% |
| Trade receivables | 40 | €7,170 | €1,345 | -€5,825 | -81.2% |
| Other amounts receivable | 41 | €2,719 | €12,057 | +€9,338 | +343% |
| Cash at bank and in hand | 54/58 | €4,950 | €10,160 | +€5,210 | +105% |
| Deferred charges and accrued income | 490/1 | €958 | €958 | = | 0.0% |
| Total equity and liabilities | 10/49 | €42,127 | €79,189 | +€37,062 | +88.0% |
| Equity | 10/15 | €22,288 | €25,473 | +€3,185 | +14.3% |
| Contributions | 10/11 | €2,700 | €2,700 | = | 0.0% |
| Reserves | 13 | €19,588 | €22,773 | +€3,185 | +16.3% |
| Distributable reserves | 133 | €19,588 | €22,773 | +€3,185 | +16.3% |
| Amounts payable | 17/49 | €19,839 | €53,716 | +€33,877 | +171% |
| Amounts payable after more than one year | 17 | - | €25,999 | +€25,999 | |
| Financial debts | 170/4 | - | €25,999 | +€25,999 | |
| Amounts payable within one year | 42/48 | €19,839 | €27,717 | +€7,878 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,769 | +€7,769 | |
| Trade debts | 44 | €4,302 | €5,094 | +€791 | +18.4% |
| Suppliers | 440/4 | €4,302 | €5,094 | +€791 | +18.4% |
| Taxes, remuneration and social security | 45 | €37 | €311 | +€275 | +751% |
| Taxes | 450/3 | €37 | €311 | +€275 | +751% |
| Other amounts payable | 47/48 | €15,500 | €14,542 | -€958 | -6.2% |
| Remuneration, social security and pensions | 62 | - | €59 | +€59 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,740 | €11,675 | +€2,936 | +33.6% |
| Other operating charges | 640/8 | €666 | €520 | -€146 | -21.9% |
| Non-recurring operating charges | 66A | €252 | - | -€252 | |
| Gross operating margin | 9900 | €13,860 | €18,749 | +€4,890 | +35.3% |
| Operating profit (loss) | 9901 | €4,202 | €6,495 | +€2,293 | +54.6% |
| Financial income | 75/76B | €83 | €0 | -€83 | -100% |
| Recurring financial income | 75 | €83 | €0 | -€83 | -100% |
| Financial charges | 65/66B | €104 | €2,340 | +€2,236 | +2,142% |
| Recurring financial charges | 65 | €104 | €2,340 | +€2,236 | +2,142% |
| Profit (loss) for the period before taxes | 9903 | €4,180 | €4,155 | -€25 | -0.6% |
| Income taxes | 67/77 | €822 | €970 | +€148 | +18.0% |
| Profit (loss) for the period | 9904 | €3,358 | €3,185 | -€173 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,358 | €3,185 | -€173 | -5.1% |
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 13 October 2026 via checked.be.