Seb BASTOGNE Systems: 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.
Seb BASTOGNE Systems
Largest movements
- Tangible fixed assets -€12,989
down €12,989 (-65.9%), from €19,706 to €6,717
of which Furniture and vehicles: -€12,758
- Intangible fixed assets -€9,000
down €9,000 (-57.1%), from €15,750 to €6,750
- Cash +€5,424
up €5,424 (+306%), from €1,771 to €7,195
mainly Depreciation (+€23,178) and Other debts (+€3,079)
- Receivables within one year +€1,596
up €1,596 (+40.5%), from €3,942 to €5,538
of which Trade receivables: +€1,846
- Profit (loss) carried forward -€9,208
down €9,208, from €7,171 to -€2,037
- Current portion of long-term debt -€7,966
no longer reported in 2025 (was €7,966)
- Other debts +€3,079
up €3,079 (+830%), from €371 to €3,450
- Tax, wage and social debts -€2,494
down €2,494 (-72.1%), from €3,459 to €965
- Trade debts +€1,941
up €1,941 (+46.4%), from €4,184 to €6,125
of which Suppliers: +€3,139
- Gross operating margin -€5,142
down €5,142 (-23.4%), from €21,935 to €16,793
- Financial charges -€4,196
down €4,196 (-94.5%), from €4,441 to €245
- Write-downs +€900
new in 2025: €900
- Depreciation -€428
down €428 (-1.8%), from €23,606 to €23,178
- Staff costs -€332
down €332 (-63.1%), from €526 to €194
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 | €43,610 | €28,962 | -€14,647 | -33.6% |
| Fixed assets | 21/28 | €35,523 | €13,535 | -€21,989 | -61.9% |
| Intangible fixed assets | 21 | €15,750 | €6,750 | -€9,000 | -57.1% |
| Tangible fixed assets | 22/27 | €19,706 | €6,717 | -€12,989 | -65.9% |
| Plant, machinery and equipment | 23 | €331 | €101 | -€230 | -69.5% |
| Furniture and vehicles | 24 | €19,375 | €6,616 | -€12,758 | -65.9% |
| Financial fixed assets | 28 | €67 | €67 | = | 0.0% |
| Current assets | 29/58 | €8,087 | €15,428 | +€7,341 | +90.8% |
| Amounts receivable within one year | 40/41 | €3,942 | €5,538 | +€1,596 | +40.5% |
| Trade receivables | 40 | €2,347 | €4,194 | +€1,846 | +78.7% |
| Other amounts receivable | 41 | €1,595 | €1,344 | -€251 | -15.7% |
| Cash at bank and in hand | 54/58 | €1,771 | €7,195 | +€5,424 | +306% |
| Deferred charges and accrued income | 490/1 | €2,373 | €2,695 | +€321 | +13.5% |
| Total equity and liabilities | 10/49 | €43,610 | €28,962 | -€14,647 | -33.6% |
| Equity | 10/15 | €27,631 | €18,423 | -€9,208 | -33.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €7,171 | -€2,037 | -€9,208 | |
| Amounts payable | 17/49 | €15,979 | €10,540 | -€5,439 | -34.0% |
| Amounts payable within one year | 42/48 | €15,979 | €10,540 | -€5,439 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €7,966 | - | -€7,966 | |
| Trade debts | 44 | €4,184 | €6,125 | +€1,941 | +46.4% |
| Suppliers | 440/4 | €2,986 | €6,125 | +€3,139 | +105% |
| Bills of exchange payable | 441 | €1,198 | - | -€1,198 | |
| Taxes, remuneration and social security | 45 | €3,459 | €965 | -€2,494 | -72.1% |
| Taxes | 450/3 | €3,459 | €965 | -€2,494 | -72.1% |
| Other amounts payable | 47/48 | €371 | €3,450 | +€3,079 | +830% |
| Remuneration, social security and pensions | 62 | €526 | €194 | -€332 | -63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,606 | €23,178 | -€428 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €900 | +€900 | |
| Other operating charges | 640/8 | €1,224 | €1,148 | -€75 | -6.2% |
| Gross operating margin | 9900 | €21,935 | €16,793 | -€5,142 | -23.4% |
| Operating profit (loss) | 9901 | -€3,421 | -€8,628 | -€5,207 | -152% |
| Financial income | 75/76B | €19 | €142 | +€124 | +659% |
| Recurring financial income | 75 | €19 | €142 | +€124 | +659% |
| Financial charges | 65/66B | €4,441 | €245 | -€4,196 | -94.5% |
| Recurring financial charges | 65 | €4,441 | €245 | -€4,196 | -94.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,843 | -€8,731 | -€887 | -11.3% |
| Income taxes | 67/77 | €492 | €478 | -€14 | -2.9% |
| Profit (loss) for the period | 9904 | -€8,335 | -€9,208 | -€873 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,335 | -€9,208 | -€873 | -10.5% |
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 27 October 2026 via checked.be.