Le Relais de Bazel: 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 Relais de Bazel
Largest movements
- Tangible fixed assets -€40,214
down €40,214 (-7.5%), from €539,465 to €499,251
of which Assets under construction and advance payments: -€37,802
- Debts after one year -€28,000
down €28,000 (-7.6%), from €367,983 to €339,983
- Accrued charges and deferred income -€19,211
down €19,211 (-71.0%), from €27,046 to €7,835
- Profit (loss) carried forward +€12,639
up €12,639 (+29.3%), from -€43,065 to -€30,426
- Gross operating margin +€28,463
up €28,463 (+36.4%), from €78,106 to €106,569
- Staff costs +€3,683
up €3,683 (+11.9%), from €30,881 to €34,564
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 | €539,531 | €499,655 | -€39,876 | -7.4% |
| Fixed assets | 21/28 | €539,465 | €499,251 | -€40,214 | -7.5% |
| Tangible fixed assets | 22/27 | €539,465 | €499,251 | -€40,214 | -7.5% |
| Plant, machinery and equipment | 23 | €8,246 | €5,835 | -€2,412 | -29.2% |
| Assets under construction and advance payments | 27 | €531,219 | €493,417 | -€37,802 | -7.1% |
| Current assets | 29/58 | €66 | €403 | +€338 | +515% |
| Cash at bank and in hand | 54/58 | €66 | €403 | +€338 | +515% |
| Total equity and liabilities | 10/49 | €539,531 | €499,655 | -€39,876 | -7.4% |
| Equity | 10/15 | -€16,840 | -€4,201 | +€12,639 | +75.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,625 | €7,625 | = | 0.0% |
| Non-distributable reserves | 130/1 | €763 | €763 | = | 0.0% |
| Legal reserve | 130 | €763 | €763 | = | 0.0% |
| Distributable reserves | 133 | €6,863 | €6,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,065 | -€30,426 | +€12,639 | +29.3% |
| Amounts payable | 17/49 | €556,371 | €503,856 | -€52,515 | -9.4% |
| Amounts payable after more than one year | 17 | €367,983 | €339,983 | -€28,000 | -7.6% |
| Financial debts | 170/4 | €367,983 | €339,983 | -€28,000 | -7.6% |
| Amounts payable within one year | 42/48 | €161,342 | €156,038 | -€5,305 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €28,000 | €28,000 | = | 0.0% |
| Trade debts | 44 | €26,891 | €23,540 | -€3,351 | -12.5% |
| Suppliers | 440/4 | €26,891 | €23,540 | -€3,351 | -12.5% |
| Other amounts payable | 47/48 | €106,452 | €104,498 | -€1,954 | -1.8% |
| Accrued charges and deferred income | 492/3 | €27,046 | €7,835 | -€19,211 | -71.0% |
| Remuneration, social security and pensions | 62 | €30,881 | €34,564 | +€3,683 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,214 | €40,214 | = | 0.0% |
| Other operating charges | 640/8 | €2,871 | €2,781 | -€90 | -3.1% |
| Gross operating margin | 9900 | €78,106 | €106,569 | +€28,463 | +36.4% |
| Operating profit (loss) | 9901 | €4,140 | €29,011 | +€24,870 | +601% |
| Financial charges | 65/66B | €15,318 | €16,371 | +€1,054 | +6.9% |
| Recurring financial charges | 65 | €15,318 | €16,371 | +€1,054 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,177 | €12,639 | +€23,817 | |
| Profit (loss) for the period | 9904 | -€11,177 | €12,639 | +€23,817 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,177 | €12,639 | +€23,817 |
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 29 October 2026 via checked.be.