M.BASHA: 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.
M.BASHA
Largest movements
- Tangible fixed assets +€9,828
new in 2025: €9,828
- Stocks and contracts -€4,996
down €4,996 (-77.3%), from €6,466 to €1,470
- Receivables within one year -€2,335
down €2,335 (-88.8%), from €2,630 to €295
- Cash -€1,258
down €1,258 (-20.2%), from €6,223 to €4,965
mainly Investment in fixed assets (net) (-€11,800) and Trade debts (-€4,728)
- Trade debts -€4,728
down €4,728 (-96.2%), from €4,914 to €186
- Other debts +€3,324
up €3,324 (+45.1%), from €7,366 to €10,690
- Profit (loss) carried forward +€2,927
up €2,927 (+95.2%), from -€3,076 to -€149
- Tax, wage and social debts -€284
down €284 (-6.9%), from €4,115 to €3,831
of which Taxes: -€184
- Turnover -€49,365
no longer reported in 2025 (was €49,365)
- Purchases and services -€46,298
no longer reported in 2025 (was €46,298)
- Gross operating margin +€17,335
up €17,335 (+565%), from €3,067 to €20,402
- Staff costs +€15,307
new in 2025: €15,307
- Depreciation +€1,972
new in 2025: €1,972
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 | €15,319 | €16,558 | +€1,239 | +8.1% |
| Fixed assets | 21/28 | - | €9,828 | +€9,828 | |
| Tangible fixed assets | 22/27 | - | €9,828 | +€9,828 | |
| Furniture and vehicles | 24 | - | €9,828 | +€9,828 | |
| Current assets | 29/58 | €15,319 | €6,730 | -€8,589 | -56.1% |
| Stocks and contracts in progress | 3 | €6,466 | €1,470 | -€4,996 | -77.3% |
| Stocks | 30/36 | €6,466 | €1,470 | -€4,996 | -77.3% |
| Amounts receivable within one year | 40/41 | €2,630 | €295 | -€2,335 | -88.8% |
| Other amounts receivable | 41 | €2,630 | €295 | -€2,335 | -88.8% |
| Cash at bank and in hand | 54/58 | €6,223 | €4,965 | -€1,258 | -20.2% |
| Total equity and liabilities | 10/49 | €15,319 | €16,558 | +€1,239 | +8.1% |
| Equity | 10/15 | -€1,076 | €1,851 | +€2,927 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,076 | -€149 | +€2,927 | +95.2% |
| Amounts payable | 17/49 | €16,395 | €14,707 | -€1,688 | -10.3% |
| Amounts payable within one year | 42/48 | €16,395 | €14,707 | -€1,688 | -10.3% |
| Trade debts | 44 | €4,914 | €186 | -€4,728 | -96.2% |
| Suppliers | 440/4 | €4,914 | €186 | -€4,728 | -96.2% |
| Taxes, remuneration and social security | 45 | €4,115 | €3,831 | -€284 | -6.9% |
| Taxes | 450/3 | €4,015 | €3,831 | -€184 | -4.6% |
| Remuneration and social security | 454/9 | €100 | - | -€100 | |
| Other amounts payable | 47/48 | €7,366 | €10,690 | +€3,324 | +45.1% |
| Turnover | 70 | €49,365 | - | -€49,365 | |
| Goods, raw materials, services and sundry goods | 60/61 | €46,298 | - | -€46,298 | |
| Remuneration, social security and pensions | 62 | - | €15,307 | +€15,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,972 | +€1,972 | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €3,067 | €20,402 | +€17,335 | +565% |
| Operating profit (loss) | 9901 | €2,949 | €3,002 | +€54 | +1.8% |
| Financial charges | 65/66B | €142 | €75 | -€67 | -47.1% |
| Recurring financial charges | 65 | €142 | €75 | -€67 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €2,807 | €2,927 | +€121 | +4.3% |
| Profit (loss) for the period | 9904 | €2,807 | €2,927 | +€121 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,807 | €2,927 | +€121 | +4.3% |
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 17 October 2026 via checked.be.