De Bast: 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.
De Bast
Largest movements
- Tangible fixed assets -€23,650
down €23,650 (-13.9%), from €170,282 to €146,632
- Cash +€8,685
up €8,685 (+26.9%), from €32,299 to €40,984
mainly Other debts (+€70,154) and Depreciation (+€26,724)
- Receivables within one year +€2,910
up €2,910 (+544.9%), from €534 to €3,444
of which Trade receivables: +€2,869
- Reserves -€72,616
down €72,616 (-47.2%), from €153,783 to €81,168
- Other debts +€70,154
up €70,154 (+67378.4%), from €104 to €70,259
- Debts after one year -€15,282
down €15,282 (-93.9%), from €16,280 to €998
- Tax, wage and social debts +€9,872
up €9,872 (+57.2%), from €17,254 to €27,125
of which Taxes: +€15,240
- Current portion of long-term debt -€2,753
down €2,753 (-15.3%), from €18,034 to €15,282
- Depreciation -€16,314
down €16,314 (-37.9%), from €43,038 to €26,724
- Staff costs -€12,586
down €12,586 (-22.4%), from €56,156 to €43,570
- Taxes +€10,589
up €10,589 (+832.3%), from €1,272 to €11,861
- Gross operating margin -€3,220
down €3,220 (-2.8%), from €114,275 to €111,055
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 | €230,316 | €217,909 | -€12,408 | -5.4% |
| Fixed assets | 21/28 | €178,753 | €155,103 | -€23,650 | -13.2% |
| Tangible fixed assets | 22/27 | €170,282 | €146,632 | -€23,650 | -13.9% |
| Land and buildings | 22 | €134,891 | €129,658 | -€5,233 | -3.9% |
| Plant, machinery and equipment | 23 | €16,128 | €8,385 | -€7,743 | -48.0% |
| Furniture and vehicles | 24 | €19,262 | €8,589 | -€10,673 | -55.4% |
| Financial fixed assets | 28 | €8,471 | €8,471 | = | 0.0% |
| Current assets | 29/58 | €51,564 | €62,806 | +€11,242 | +21.8% |
| Stocks and contracts in progress | 3 | €14,755 | €14,944 | +€189 | +1.3% |
| Stocks | 30/36 | €14,755 | €14,944 | +€189 | +1.3% |
| Amounts receivable within one year | 40/41 | €534 | €3,444 | +€2,910 | +544.9% |
| Trade receivables | 40 | €534 | €3,403 | +€2,869 | +537.2% |
| Other amounts receivable | 41 | - | €41 | +€41 | |
| Cash at bank and in hand | 54/58 | €32,299 | €40,984 | +€8,685 | +26.9% |
| Deferred charges and accrued income | 490/1 | €3,975 | €3,434 | -€541 | -13.6% |
| Total equity and liabilities | 10/49 | €230,316 | €217,909 | -€12,408 | -5.4% |
| Equity | 10/15 | €172,383 | €99,768 | -€72,616 | -42.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,783 | €81,168 | -€72,616 | -47.2% |
| Distributable reserves | 133 | €153,783 | €81,168 | -€72,616 | -47.2% |
| Amounts payable | 17/49 | €57,933 | €118,141 | +€60,208 | +103.9% |
| Amounts payable after more than one year | 17 | €16,280 | €998 | -€15,282 | -93.9% |
| Financial debts | 170/4 | €16,280 | €998 | -€15,282 | -93.9% |
| Amounts payable within one year | 42/48 | €41,653 | €117,142 | +€75,490 | +181.2% |
| Current portion of amounts payable after more than one year | 42 | €18,034 | €15,282 | -€2,753 | -15.3% |
| Trade debts | 44 | €6,261 | €4,477 | -€1,783 | -28.5% |
| Suppliers | 440/4 | €6,261 | €4,477 | -€1,783 | -28.5% |
| Taxes, remuneration and social security | 45 | €17,254 | €27,125 | +€9,872 | +57.2% |
| Taxes | 450/3 | €4,093 | €19,333 | +€15,240 | +372.4% |
| Remuneration and social security | 454/9 | €13,161 | €7,792 | -€5,369 | -40.8% |
| Other amounts payable | 47/48 | €104 | €70,259 | +€70,154 | +67378.4% |
| Remuneration, social security and pensions | 62 | €56,156 | €43,570 | -€12,586 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,038 | €26,724 | -€16,314 | -37.9% |
| Other operating charges | 640/8 | €2,928 | €3,334 | +€406 | +13.9% |
| Gross operating margin | 9900 | €114,275 | €111,055 | -€3,220 | -2.8% |
| Operating profit (loss) | 9901 | €12,154 | €37,428 | +€25,274 | +208.0% |
| Financial income | 75/76B | €4 | €1 | -€3 | -72.8% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -72.8% |
| Financial charges | 65/66B | €996 | €1,839 | +€843 | +84.6% |
| Recurring financial charges | 65 | €996 | €1,839 | +€843 | +84.6% |
| Profit (loss) for the period before taxes | 9903 | €11,162 | €35,590 | +€24,428 | +218.9% |
| Income taxes | 67/77 | €1,272 | €11,861 | +€10,589 | +832.3% |
| Profit (loss) for the period | 9904 | €9,889 | €23,729 | +€13,840 | +139.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,889 | €23,729 | +€13,840 | +139.9% |
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 30 September 2026 via checked.be.