G. BASTIN: 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.
G. BASTIN
Largest movements
- Receivables within one year -€70,079
down €70,079 (-95.8%), from €73,128 to €3,049
of which Other amounts receivable: -€67,271
- Stocks and contracts -€15,685
down €15,685 (-37.8%), from €41,468 to €25,783
- Intangible fixed assets -€3,000
down €3,000 (-17.5%), from €17,137 to €14,137
- Cash -€2,603
down €2,603 (-7.9%), from €32,944 to €30,341
mainly Net result for the year (-€98,166) and Trade debts (-€8,548)
- Reserves -€79,864
down €79,864 (-97.7%), from €81,739 to €1,875
of which Distributable reserves: -€79,864
- Profit (loss) carried forward -€18,302
new in 2026: -€18,302
- Other debts +€14,422
new in 2026: €14,422
- Trade debts -€8,548
down €8,548 (-63.6%), from €13,437 to €4,889
- Tax, wage and social debts +€7,169
up €7,169 (+96.2%), from €7,449 to €14,618
of which Remuneration and social security: +€5,097
- Gross operating margin -€61,878
down €61,878, from €44,669 to -€17,209
- Staff costs +€24,700
up €24,700 (+66.5%), from €37,151 to €61,851
- Financial income -€7,167
down €7,167 (-99.7%), from €7,187 to €20
- Financial charges -€3,722
down €3,722 (-73.0%), from €5,098 to €1,376
- Other operating charges +€3,291
up €3,291 (+57.3%), from €5,744 to €9,035
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,625 | €86,252 | -€91,373 | -51.4% |
| Fixed assets | 21/28 | €30,085 | €27,079 | -€3,006 | -10.0% |
| Intangible fixed assets | 21 | €17,137 | €14,137 | -€3,000 | -17.5% |
| Tangible fixed assets | 22/27 | €7,816 | €7,810 | -€6 | -0.1% |
| Plant, machinery and equipment | 23 | €7,816 | €7,810 | -€6 | -0.1% |
| Financial fixed assets | 28 | €5,132 | €5,132 | = | 0.0% |
| Current assets | 29/58 | €147,540 | €59,173 | -€88,367 | -59.9% |
| Stocks and contracts in progress | 3 | €41,468 | €25,783 | -€15,685 | -37.8% |
| Stocks | 30/36 | €41,468 | €25,783 | -€15,685 | -37.8% |
| Amounts receivable within one year | 40/41 | €73,128 | €3,049 | -€70,079 | -95.8% |
| Trade receivables | 40 | €5,857 | €3,049 | -€2,808 | -47.9% |
| Other amounts receivable | 41 | €67,271 | - | -€67,271 | |
| Cash at bank and in hand | 54/58 | €32,944 | €30,341 | -€2,603 | -7.9% |
| Total equity and liabilities | 10/49 | €177,625 | €86,252 | -€91,373 | -51.4% |
| Equity | 10/15 | €100,489 | €2,323 | -€98,166 | -97.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €81,739 | €1,875 | -€79,864 | -97.7% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €79,864 | - | -€79,864 | |
| Profit (loss) carried forward | 14 | - | -€18,302 | -€18,302 | |
| Amounts payable | 17/49 | €77,136 | €83,929 | +€6,793 | +8.8% |
| Amounts payable after more than one year | 17 | €50,000 | €43,750 | -€6,250 | -12.5% |
| Financial debts | 170/4 | €50,000 | €43,750 | -€6,250 | -12.5% |
| Amounts payable within one year | 42/48 | €27,136 | €40,179 | +€13,043 | +48.1% |
| Current portion of amounts payable after more than one year | 42 | €6,250 | €6,250 | = | 0.0% |
| Trade debts | 44 | €13,437 | €4,889 | -€8,548 | -63.6% |
| Suppliers | 440/4 | €13,437 | €4,889 | -€8,548 | -63.6% |
| Taxes, remuneration and social security | 45 | €7,449 | €14,618 | +€7,169 | +96.2% |
| Taxes | 450/3 | €739 | €2,811 | +€2,072 | +280% |
| Remuneration and social security | 454/9 | €6,710 | €11,807 | +€5,097 | +76.0% |
| Other amounts payable | 47/48 | - | €14,422 | +€14,422 | |
| Non-recurring operating income | 76A | - | €263 | +€263 | |
| Remuneration, social security and pensions | 62 | €37,151 | €61,851 | +€24,700 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,133 | €8,581 | -€1,552 | -15.3% |
| Other operating charges | 640/8 | €5,744 | €9,035 | +€3,291 | +57.3% |
| Gross operating margin | 9900 | €44,669 | -€17,209 | -€61,878 | |
| Operating profit (loss) | 9901 | -€8,359 | -€96,676 | -€88,317 | -1,057% |
| Financial income | 75/76B | €7,187 | €20 | -€7,167 | -99.7% |
| Recurring financial income | 75 | €7,187 | €20 | -€7,167 | -99.7% |
| Financial charges | 65/66B | €5,098 | €1,376 | -€3,722 | -73.0% |
| Recurring financial charges | 65 | €5,098 | €1,376 | -€3,722 | -73.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,270 | -€98,032 | -€91,762 | -1,464% |
| Income taxes | 67/77 | €130 | €134 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€6,400 | -€98,166 | -€91,766 | -1,434% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,400 | -€98,166 | -€91,766 | -1,434% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.