THEBASECAMP: what changed
Two fiscal 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.
THEBASECAMP
Largest movements
- Cash -€10,341
down €10,341 (-47.1%), from €21,943 to €11,602
mainly Debts after one year (-€15,500) and Tax, wage and social debts (-€3,949)
- Tangible fixed assets -€5,464
down €5,464 (-17.2%), from €31,793 to €26,329
of which Furniture and vehicles: -€5,108
- Receivables within one year -€4,935
down €4,935 (-37.6%), from €13,129 to €8,194
of which Other amounts receivable: -€5,701
- Intangible fixed assets -€3,548
down €3,548 (-65.2%), from €5,437 to €1,890
- Stocks and contracts +€1,569
new in 2025: €1,569
- Debts after one year -€15,500
down €15,500 (-67.4%), from €23,000 to €7,500
- Tax, wage and social debts -€3,949
down €3,949 (-50.5%), from €7,816 to €3,867
of which Taxes: -€3,199
- Trade debts -€1,515
down €1,515 (-96.8%), from €1,566 to €51
- Gross operating margin -€63,513
down €63,513 (-85.0%), from €74,756 to €11,243
- Staff costs -€6,030
down €6,030 (-100.0%), from €6,030 to €0
- Depreciation +€2,895
up €2,895 (+38.8%), from €7,458 to €10,353
- Taxes -€1,921
down €1,921 (-100.0%), from €1,921 to €0
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.
Cash bridge derived
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 | €73,884 | €52,315 | -€21,569 | -29.2% |
| Fixed assets | 21/28 | €37,231 | €28,219 | -€9,012 | -24.2% |
| Intangible fixed assets | 21 | €5,437 | €1,890 | -€3,548 | -65.2% |
| Tangible fixed assets | 22/27 | €31,793 | €26,329 | -€5,464 | -17.2% |
| Plant, machinery and equipment | 23 | €526 | €292 | -€235 | -44.6% |
| Furniture and vehicles | 24 | €30,940 | €25,832 | -€5,108 | -16.5% |
| Other tangible fixed assets | 26 | €327 | €205 | -€121 | -37.2% |
| Current assets | 29/58 | €36,653 | €24,096 | -€12,557 | -34.3% |
| Stocks and contracts in progress | 3 | - | €1,569 | +€1,569 | |
| Stocks | 30/36 | - | €1,569 | +€1,569 | |
| Amounts receivable within one year | 40/41 | €13,129 | €8,194 | -€4,935 | -37.6% |
| Trade receivables | 40 | €5,869 | €6,634 | +€766 | +13.1% |
| Other amounts receivable | 41 | €7,260 | €1,559 | -€5,701 | -78.5% |
| Cash at bank and in hand | 54/58 | €21,943 | €11,602 | -€10,341 | -47.1% |
| Deferred charges and accrued income | 490/1 | €1,582 | €2,732 | +€1,150 | +72.7% |
| Total equity and liabilities | 10/49 | €73,884 | €52,315 | -€21,569 | -29.2% |
| Equity | 10/15 | €40,659 | €40,330 | -€329 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,059 | €22,058 | -€1 | 0.0% |
| 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 | €20,199 | €20,198 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€328 | -€328 | |
| Amounts payable | 17/49 | €33,225 | €11,986 | -€21,240 | -63.9% |
| Amounts payable after more than one year | 17 | €23,000 | €7,500 | -€15,500 | -67.4% |
| Financial debts | 170/4 | €23,000 | €7,500 | -€15,500 | -67.4% |
| Amounts payable within one year | 42/48 | €10,225 | €4,486 | -€5,740 | -56.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,566 | €51 | -€1,515 | -96.8% |
| Suppliers | 440/4 | €1,566 | €51 | -€1,515 | -96.8% |
| Taxes, remuneration and social security | 45 | €7,816 | €3,867 | -€3,949 | -50.5% |
| Taxes | 450/3 | €7,066 | €3,867 | -€3,199 | -45.3% |
| Remuneration and social security | 454/9 | €750 | €0 | -€750 | -100.0% |
| Other amounts payable | 47/48 | €844 | €568 | -€276 | -32.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €6,030 | €0 | -€6,030 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,458 | €10,353 | +€2,895 | +38.8% |
| Other operating charges | 640/8 | €920 | €1,049 | +€129 | +14.0% |
| Gross operating margin | 9900 | €74,756 | €11,243 | -€63,513 | -85.0% |
| Operating profit (loss) | 9901 | €60,349 | -€158 | -€60,507 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €205 | €172 | -€33 | -16.0% |
| Recurring financial charges | 65 | €205 | €172 | -€33 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €60,144 | -€329 | -€60,473 | |
| Income taxes | 67/77 | €1,921 | €0 | -€1,921 | -100.0% |
| Profit (loss) for the period | 9904 | €58,223 | -€329 | -€58,552 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,223 | -€329 | -€58,552 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.