Edmond Bastijns: 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.
Edmond Bastijns
Largest movements
- Current investments -€496,014
down €496,014 (-100%), from €496,014 to €0
- Cash -€195,069
down €195,069 (-72.9%), from €267,600 to €72,531
mainly Contributions, distributions and other (-€1.7m) and Investment in fixed assets (net) (-€111,651)
- Receivables within one year -€122,933
down €122,933 (-73.1%), from €168,094 to €45,161
of which Other amounts receivable: -€124,244
- Tangible fixed assets +€78,757
up €78,757 (+77.0%), from €102,266 to €181,024
of which Other tangible fixed assets: +€84,086
- Financial fixed assets +€12,683
new in 2025: €12,683
- Profit (loss) carried forward -€823,793
down €823,793 (-99.3%), from €829,933 to €6,140
- Other debts +€146,952
new in 2025: €146,952
- Tax, wage and social debts -€34,743
down €34,743 (-19.1%), from €181,525 to €146,782
of which Taxes: -€32,004
- Gross operating margin +€557,607
up €557,607 (+93.6%), from €595,955 to €1.2m
- Taxes +€142,657
up €142,657 (+102%), from €140,013 to €282,670
- Financial income -€58,328
down €58,328 (-84.6%), from €68,911 to €10,583
- Staff costs -€17,963
down €17,963 (-100%), from €17,963 to €0
- Financial charges -€17,005
down €17,005 (-84.2%), from €20,203 to €3,198
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 | €1,101,351 | €387,937 | -€713,414 | -64.8% |
| Fixed assets | 21/28 | €102,266 | €193,707 | +€91,440 | +89.4% |
| Tangible fixed assets | 22/27 | €102,266 | €181,024 | +€78,757 | +77.0% |
| Furniture and vehicles | 24 | €19,476 | €14,147 | -€5,329 | -27.4% |
| Other tangible fixed assets | 26 | €82,790 | €166,877 | +€84,086 | +102% |
| Financial fixed assets | 28 | - | €12,683 | +€12,683 | |
| Current assets | 29/58 | €999,085 | €194,231 | -€804,854 | -80.6% |
| Stocks and contracts in progress | 3 | €60,710 | €67,292 | +€6,582 | +10.8% |
| Stocks | 30/36 | €60,710 | €67,292 | +€6,582 | +10.8% |
| Amounts receivable within one year | 40/41 | €168,094 | €45,161 | -€122,933 | -73.1% |
| Trade receivables | 40 | €43,850 | €45,161 | +€1,311 | +3.0% |
| Other amounts receivable | 41 | €124,244 | €0 | -€124,244 | -100% |
| Current investments | 50/53 | €496,014 | €0 | -€496,014 | -100% |
| Cash at bank and in hand | 54/58 | €267,600 | €72,531 | -€195,069 | -72.9% |
| Deferred charges and accrued income | 490/1 | €6,668 | €9,246 | +€2,579 | +38.7% |
| Total equity and liabilities | 10/49 | €1,101,351 | €387,937 | -€713,414 | -64.8% |
| Equity | 10/15 | €913,083 | €89,290 | -€823,793 | -90.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €63,150 | €63,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,150 | €63,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €829,933 | €6,140 | -€823,793 | -99.3% |
| Amounts payable | 17/49 | €188,268 | €298,647 | +€110,379 | +58.6% |
| Amounts payable within one year | 42/48 | €187,090 | €298,647 | +€111,556 | +59.6% |
| Trade debts | 44 | €5,566 | €4,913 | -€652 | -11.7% |
| Suppliers | 440/4 | €5,566 | €4,913 | -€652 | -11.7% |
| Taxes, remuneration and social security | 45 | €181,525 | €146,782 | -€34,743 | -19.1% |
| Taxes | 450/3 | €178,786 | €146,782 | -€32,004 | -17.9% |
| Remuneration and social security | 454/9 | €2,739 | €0 | -€2,739 | -100% |
| Other amounts payable | 47/48 | - | €146,952 | +€146,952 | |
| Accrued charges and deferred income | 492/3 | €1,178 | €0 | -€1,178 | -100% |
| Remuneration, social security and pensions | 62 | €17,963 | €0 | -€17,963 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,845 | €20,211 | +€7,366 | +57.3% |
| Other operating charges | 640/8 | €939 | €925 | -€14 | -1.5% |
| Gross operating margin | 9900 | €595,955 | €1,153,562 | +€557,607 | +93.6% |
| Operating profit (loss) | 9901 | €564,208 | €1,132,426 | +€568,218 | +101% |
| Financial income | 75/76B | €68,911 | €10,583 | -€58,328 | -84.6% |
| Recurring financial income | 75 | €68,911 | €10,583 | -€58,328 | -84.6% |
| Financial charges | 65/66B | €20,203 | €3,198 | -€17,005 | -84.2% |
| Recurring financial charges | 65 | €20,203 | €3,198 | -€17,005 | -84.2% |
| Profit (loss) for the period before taxes | 9903 | €612,916 | €1,139,811 | +€526,895 | +86.0% |
| Income taxes | 67/77 | €140,013 | €282,670 | +€142,657 | +102% |
| Profit (loss) for the period | 9904 | €472,903 | €857,140 | +€384,238 | +81.3% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €0 | -€63,150 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €409,753 | €857,140 | +€447,388 | +109% |
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 30 October 2026 via checked.be.