BSK GROUP: 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.
BSK GROUP
Largest movements
- Receivables within one year +€124,750
up €124,750 (+4232.9%), from €2,947 to €127,697
of which Trade receivables: +€92,070
- Tangible fixed assets +€58,843
up €58,843 (+3345.5%), from €1,759 to €60,602
of which Leasing and similar rights: +€33,301
- Cash -€27,550
no longer reported in 2025 (was €27,550)
mainly Receivables within one year (-€124,750) and Investment in fixed assets (net) (-€64,660)
- Reserves +€52,333
up €52,333 (+375.2%), from €13,949 to €66,282
- Trade debts +€41,572
up €41,572 (+2202.6%), from €1,887 to €43,459
- Debts after one year +€35,183
new in 2025: €35,183
- Tax, wage and social debts +€13,827
up €13,827 (+116.0%), from €11,919 to €25,746
of which Taxes: +€16,150
- Current portion of long-term debt +€9,914
new in 2025: €9,914
- Gross operating margin +€311,579
up €311,579 (+898.5%), from €34,678 to €346,258
- Staff costs +€243,099
up €243,099 (+1487.6%), from €16,342 to €259,441
- Taxes +€12,888
up €12,888 (+364.3%), from €3,538 to €16,426
- Other operating charges +€8,887
up €8,887 (+1126.1%), from €789 to €9,676
- Depreciation +€5,768
up €5,768 (+11868.0%), from €49 to €5,816
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 | €32,256 | €188,425 | +€156,169 | +484.2% |
| Fixed assets | 21/28 | €1,759 | €60,602 | +€58,843 | +3345.5% |
| Tangible fixed assets | 22/27 | €1,759 | €60,602 | +€58,843 | +3345.5% |
| Land and buildings | 22 | - | €3,557 | +€3,557 | |
| Plant, machinery and equipment | 23 | €1,155 | €2,970 | +€1,815 | +157.1% |
| Furniture and vehicles | 24 | €604 | €20,774 | +€20,171 | +3340.9% |
| Leasing and similar rights | 25 | - | €33,301 | +€33,301 | |
| Current assets | 29/58 | €30,497 | €127,823 | +€97,326 | +319.1% |
| Amounts receivable within one year | 40/41 | €2,947 | €127,697 | +€124,750 | +4232.9% |
| Trade receivables | 40 | - | €92,070 | +€92,070 | |
| Other amounts receivable | 41 | €2,947 | €35,627 | +€32,680 | +1108.9% |
| Cash at bank and in hand | 54/58 | €27,550 | - | -€27,550 | |
| Deferred charges and accrued income | 490/1 | - | €126 | +€126 | |
| Total equity and liabilities | 10/49 | €32,256 | €188,425 | +€156,169 | +484.2% |
| Equity | 10/15 | €16,449 | €68,782 | +€52,333 | +318.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €13,949 | €66,282 | +€52,333 | +375.2% |
| Distributable reserves | 133 | €13,949 | €66,282 | +€52,333 | +375.2% |
| Amounts payable | 17/49 | €15,807 | €119,643 | +€103,836 | +656.9% |
| Amounts payable after more than one year | 17 | - | €35,183 | +€35,183 | |
| Financial debts | 170/4 | - | €35,183 | +€35,183 | |
| Amounts payable within one year | 42/48 | €15,807 | €84,460 | +€68,653 | +434.3% |
| Current portion of amounts payable after more than one year | 42 | - | €9,914 | +€9,914 | |
| Financial debts | 43 | - | €3,680 | +€3,680 | |
| Credit institutions | 430/8 | - | €3,680 | +€3,680 | |
| Trade debts | 44 | €1,887 | €43,459 | +€41,572 | +2202.6% |
| Suppliers | 440/4 | €1,887 | €43,459 | +€41,572 | +2202.6% |
| Taxes, remuneration and social security | 45 | €11,919 | €25,746 | +€13,827 | +116.0% |
| Taxes | 450/3 | €4,228 | €20,378 | +€16,150 | +381.9% |
| Remuneration and social security | 454/9 | €7,691 | €5,368 | -€2,323 | -30.2% |
| Other amounts payable | 47/48 | €2,001 | €1,662 | -€339 | -16.9% |
| Remuneration, social security and pensions | 62 | €16,342 | €259,441 | +€243,099 | +1487.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49 | €5,816 | +€5,768 | +11868.0% |
| Other operating charges | 640/8 | €789 | €9,676 | +€8,887 | +1126.1% |
| Gross operating margin | 9900 | €34,678 | €346,258 | +€311,579 | +898.5% |
| Operating profit (loss) | 9901 | €17,499 | €71,324 | +€53,826 | +307.6% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €12 | €2,585 | +€2,573 | +21261.3% |
| Recurring financial charges | 65 | €12 | €2,585 | +€2,573 | +21261.3% |
| Profit (loss) for the period before taxes | 9903 | €17,487 | €68,759 | +€51,272 | +293.2% |
| Income taxes | 67/77 | €3,538 | €16,426 | +€12,888 | +364.3% |
| Profit (loss) for the period | 9904 | €13,949 | €52,333 | +€38,384 | +275.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,949 | €52,333 | +€38,384 | +275.2% |
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 12 October 2026 via checked.be.