Le Bastion: 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.
Le Bastion
Largest movements
- Tangible fixed assets +€60,043
up €60,043 (+70.5%), from €85,204 to €145,247
of which Furniture and vehicles: +€66,645
- Cash -€8,624
down €8,624 (-8.3%), from €103,476 to €94,852
mainly Investment in fixed assets (net) (-€93,459) and Trade debts (-€10,363)
- Debts after one year +€36,602
up €36,602 (+130%), from €28,069 to €64,670
- Reserves +€15,872
up €15,872 (+13.6%), from €117,127 to €132,999
of which Distributable reserves: +€15,872
- Current portion of long-term debt +€14,034
up €14,034 (+103%), from €13,685 to €27,719
- Trade debts -€10,363
down €10,363 (-94.6%), from €10,952 to €589
- Tax, wage and social debts -€4,934
down €4,934 (-20.6%), from €23,943 to €19,009
of which Remuneration and social security: -€5,166
- Depreciation +€9,705
up €9,705 (+40.9%), from €23,711 to €33,416
- Staff costs -€6,380
down €6,380 (-9.9%), from €64,452 to €58,073
- Other operating charges +€3,803
up €3,803 (+251%), from €1,514 to €5,317
- Gross operating margin +€3,125
up €3,125 (+2.6%), from €120,949 to €124,073
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 | €212,612 | €265,732 | +€53,120 | +25.0% |
| Fixed assets | 21/28 | €85,330 | €145,373 | +€60,043 | +70.4% |
| Tangible fixed assets | 22/27 | €85,204 | €145,247 | +€60,043 | +70.5% |
| Plant, machinery and equipment | 23 | €68,360 | €61,757 | -€6,602 | -9.7% |
| Furniture and vehicles | 24 | €16,845 | €83,490 | +€66,645 | +396% |
| Financial fixed assets | 28 | €126 | €126 | = | 0.0% |
| Current assets | 29/58 | €127,281 | €120,359 | -€6,923 | -5.4% |
| Stocks and contracts in progress | 3 | €12,722 | €12,935 | +€213 | +1.7% |
| Stocks | 30/36 | €12,722 | €12,935 | +€213 | +1.7% |
| Amounts receivable within one year | 40/41 | €1,268 | €1,792 | +€524 | +41.3% |
| Trade receivables | 40 | €268 | €185 | -€83 | -30.9% |
| Other amounts receivable | 41 | €1,000 | €1,606 | +€606 | +60.6% |
| Cash at bank and in hand | 54/58 | €103,476 | €94,852 | -€8,624 | -8.3% |
| Deferred charges and accrued income | 490/1 | €9,815 | €10,780 | +€965 | +9.8% |
| Total equity and liabilities | 10/49 | €212,612 | €265,732 | +€53,120 | +25.0% |
| Equity | 10/15 | €123,327 | €139,199 | +€15,872 | +12.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €117,127 | €132,999 | +€15,872 | +13.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €115,267 | €131,139 | +€15,872 | +13.8% |
| Amounts payable | 17/49 | €89,285 | €126,533 | +€37,248 | +41.7% |
| Amounts payable after more than one year | 17 | €28,069 | €64,670 | +€36,602 | +130% |
| Financial debts | 170/4 | €28,069 | €64,670 | +€36,602 | +130% |
| Amounts payable within one year | 42/48 | €61,216 | €59,485 | -€1,731 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €13,685 | €27,719 | +€14,034 | +103% |
| Trade debts | 44 | €10,952 | €589 | -€10,363 | -94.6% |
| Suppliers | 440/4 | €10,952 | €589 | -€10,363 | -94.6% |
| Taxes, remuneration and social security | 45 | €23,943 | €19,009 | -€4,934 | -20.6% |
| Taxes | 450/3 | €8,806 | €9,038 | +€232 | +2.6% |
| Remuneration and social security | 454/9 | €15,137 | €9,971 | -€5,166 | -34.1% |
| Other amounts payable | 47/48 | €12,636 | €12,168 | -€468 | -3.7% |
| Accrued charges and deferred income | 492/3 | - | €2,378 | +€2,378 | |
| Remuneration, social security and pensions | 62 | €64,452 | €58,073 | -€6,380 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,711 | €33,416 | +€9,705 | +40.9% |
| Other operating charges | 640/8 | €1,514 | €5,317 | +€3,803 | +251% |
| Non-recurring operating charges | 66A | €443 | €86 | -€356 | -80.5% |
| Gross operating margin | 9900 | €120,949 | €124,073 | +€3,125 | +2.6% |
| Operating profit (loss) | 9901 | €30,829 | €27,182 | -€3,647 | -11.8% |
| Financial income | 75/76B | €537 | €794 | +€257 | +47.7% |
| Recurring financial income | 75 | €537 | €794 | +€257 | +47.7% |
| Financial charges | 65/66B | €3,618 | €4,642 | +€1,024 | +28.3% |
| Recurring financial charges | 65 | €3,618 | €4,642 | +€1,024 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €27,748 | €23,333 | -€4,415 | -15.9% |
| Income taxes | 67/77 | €8,471 | €7,461 | -€1,010 | -11.9% |
| Profit (loss) for the period | 9904 | €19,277 | €15,872 | -€3,405 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,277 | €15,872 | -€3,405 | -17.7% |
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 21 October 2026 via checked.be.