BASSER: what changed
What changed
BASSER
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€13,686
2024 · -€105,453+€119,138
Equity
€787,547
2024 · €773,861+€13,686
Cash
€373,778
2024 · €284,038+€89,739
Balance sheet total
€2.5m
2024 · €2.6m-€125,645
Largest movements
Assets
- Tangible fixed assets -€123,597
down €123,597 (-5.7%), from €2.2m to €2.0m
of which Land and buildings: -€98,001
- Cash +€89,739
up €89,739 (+31.6%), from €284,038 to €373,778
mainly Depreciation (+€129,885) and Current investments (+€76,216)
- Current investments -€76,216
no longer reported in 2025 (was €76,216)
Equity and liabilities
- Debts after one year -€86,369
down €86,369 (-7.0%), from €1.2m to €1.2m
of which Financial debts: -€86,369
- Profit (loss) carried forward +€55,816
up €55,816 (+11.0%), from -€509,497 to -€453,681
- Reserves -€42,131
down €42,131 (-3.3%), from €1.3m to €1.2m
of which Tax-exempt reserves: -€42,131
- Other debts -€29,475
down €29,475 (-74.0%), from €39,827 to €10,352
Income statement
- Depreciation -€67,019
down €67,019 (-34.0%), from €196,905 to €129,885
- Gross operating margin +€54,582
up €54,582 (+48.2%), from €113,348 to €167,930
- Other operating charges +€5,443
up €5,443 (+38.5%), from €14,120 to €19,563
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€105,453
Gross operating margin
+€54,582
Staff costs
-€646
Depreciation
+€67,019
Other operating charges
-€5,443
Other operating items
+€3,617
Financial income
-€1,446
Financial charges
+€1,656
Taxes
-€201
Result 2025
€13,686
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€105,042
Investment
+€69,773
Financing
-€85,076
Cash 2024
€284,038
From operations (derived)
+€105,042
Net result for the year
+€13,686
Depreciation
+€129,885
Receivables within one year
-€9,365
Deferred charges and accrued income
+€25,092
Provisions
-€17,476
Trade debts
-€7,235
Smaller working-capital items
-€69
Other debts
-€29,475
Investment (derived)
+€69,773
Investment in fixed assets (net)
-€6,443
Current investments
+€76,216
Financing
-€85,076
Debts after one year
-€86,369
Current portion of long-term debt
+€1,293
Cash 2025
€373,778
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,629,007 | €2,503,362 | -€125,645 | -4.8% |
| Fixed assets | 21/28 | €2,236,550 | €2,113,108 | -€123,442 | -5.5% |
| Tangible fixed assets | 22/27 | €2,159,055 | €2,035,458 | -€123,597 | -5.7% |
| Land and buildings | 22 | €2,073,690 | €1,975,689 | -€98,001 | -4.7% |
| Plant, machinery and equipment | 23 | €62,189 | €45,686 | -€16,503 | -26.5% |
| Furniture and vehicles | 24 | €23,176 | €14,083 | -€9,093 | -39.2% |
| Financial fixed assets | 28 | €77,495 | €77,650 | +€155 | +0.2% |
| Current assets | 29/58 | €392,457 | €390,253 | -€2,203 | -0.6% |
| Amounts receivable within one year | 40/41 | €4,458 | €13,823 | +€9,365 | +210% |
| Trade receivables | 40 | €1,152 | €13,599 | +€12,446 | +1,080% |
| Other amounts receivable | 41 | €3,306 | €225 | -€3,081 | -93.2% |
| Current investments | 50/53 | €76,216 | - | -€76,216 | |
| Cash at bank and in hand | 54/58 | €284,038 | €373,778 | +€89,739 | +31.6% |
| Deferred charges and accrued income | 490/1 | €27,744 | €2,652 | -€25,092 | -90.4% |
| Total equity and liabilities | 10/49 | €2,629,007 | €2,503,362 | -€125,645 | -4.8% |
| Equity | 10/15 | €773,861 | €787,547 | +€13,686 | +1.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,264,766 | €1,222,636 | -€42,131 | -3.3% |
| Tax-exempt reserves | 132 | €1,162,907 | €1,120,776 | -€42,131 | -3.6% |
| Distributable reserves | 133 | €101,859 | €101,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€509,497 | -€453,681 | +€55,816 | +11.0% |
| Provisions and deferred taxes | 16 | €478,056 | €460,579 | -€17,476 | -3.7% |
| Deferred taxes | 168 | €478,056 | €460,579 | -€17,476 | -3.7% |
| Amounts payable | 17/49 | €1,377,090 | €1,255,235 | -€121,855 | -8.8% |
| Amounts payable after more than one year | 17 | €1,239,122 | €1,152,753 | -€86,369 | -7.0% |
| Financial debts | 170/4 | €1,231,122 | €1,144,753 | -€86,369 | -7.0% |
| Other amounts payable | 178/9 | €8,000 | €8,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €137,873 | €102,482 | -€35,391 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €85,076 | €86,369 | +€1,293 | +1.5% |
| Trade debts | 44 | €9,457 | €2,222 | -€7,235 | -76.5% |
| Suppliers | 440/4 | €9,457 | €2,222 | -€7,235 | -76.5% |
| Taxes, remuneration and social security | 45 | €3,513 | €3,539 | +€26 | +0.7% |
| Taxes | 450/3 | €3,513 | €3,539 | +€26 | +0.7% |
| Other amounts payable | 47/48 | €39,827 | €10,352 | -€29,475 | -74.0% |
| Accrued charges and deferred income | 492/3 | €95 | - | -€95 | |
| Non-recurring operating income | 76A | €4,158 | - | -€4,158 | |
| Remuneration, social security and pensions | 62 | €2,186 | €2,832 | +€646 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,905 | €129,885 | -€67,019 | -34.0% |
| Other operating charges | 640/8 | €14,120 | €19,563 | +€5,443 | +38.5% |
| Non-recurring operating charges | 66A | €3,617 | - | -€3,617 | |
| Gross operating margin | 9900 | €113,348 | €167,930 | +€54,582 | +48.2% |
| Operating profit (loss) | 9901 | -€103,480 | €15,650 | +€119,130 | |
| Financial income | 75/76B | €1,903 | €457 | -€1,446 | -76.0% |
| Recurring financial income | 75 | €1,903 | €457 | -€1,446 | -76.0% |
| Financial charges | 65/66B | €21,422 | €19,766 | -€1,656 | -7.7% |
| Recurring financial charges | 65 | €21,422 | €19,766 | -€1,656 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€122,998 | -€3,659 | +€119,340 | +97.0% |
| Transfer from deferred taxes | 780 | €17,476 | €17,476 | = | 0.0% |
| Income taxes | 67/77 | -€69 | €132 | +€201 | |
| Profit (loss) for the period | 9904 | -€105,453 | €13,686 | +€119,138 | |
| Transfer from tax-exempt reserves | 789 | €42,131 | €42,131 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,322 | €55,816 | +€119,138 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.