BASSECO: 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.
BASSECO
Largest movements
- Cash -€207,672
down €207,672 (-57.2%), from €363,221 to €155,549
mainly Trade debts (-€129,737) and Net result for the year (-€51,887)
- Current investments +€50,182
up €50,182 (+16.7%), from €299,818 to €350,000
- Tangible fixed assets -€40,316
down €40,316 (-10.2%), from €395,828 to €355,512
- Stocks and contracts +€25,641
up €25,641 (+6.7%), from €381,865 to €407,506
- Trade debts -€129,737
down €129,737 (-22.2%), from €584,135 to €454,398
- Profit (loss) carried forward -€51,887
down €51,887 (-12.8%), from €404,018 to €352,132
- Gross operating margin -€224,268
down €224,268 (-27.1%), from €826,989 to €602,722
- Staff costs -€63,730
down €63,730 (-9.9%), from €643,997 to €580,267
- Financial income +€56,475
up €56,475 (+202%), from €27,930 to €84,405
- Taxes -€19,479
down €19,479 (-99.0%), from €19,671 to €192
- Financial charges -€16,186
down €16,186 (-31.7%), from €51,018 to €34,831
of which Non-recurring financial charges: -€16,569
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 | €1,924,966 | €1,747,681 | -€177,285 | -9.2% |
| Fixed assets | 21/28 | €413,441 | €377,565 | -€35,876 | -8.7% |
| Tangible fixed assets | 22/27 | €395,828 | €355,512 | -€40,316 | -10.2% |
| Land and buildings | 22 | €199,805 | €187,499 | -€12,306 | -6.2% |
| Plant, machinery and equipment | 23 | €120,503 | €111,454 | -€9,049 | -7.5% |
| Furniture and vehicles | 24 | €75,520 | €56,559 | -€18,960 | -25.1% |
| Financial fixed assets | 28 | €17,613 | €22,053 | +€4,440 | +25.2% |
| Current assets | 29/58 | €1,511,526 | €1,370,116 | -€141,410 | -9.4% |
| Stocks and contracts in progress | 3 | €381,865 | €407,506 | +€25,641 | +6.7% |
| Stocks | 30/36 | €381,865 | €407,506 | +€25,641 | +6.7% |
| Amounts receivable within one year | 40/41 | €446,589 | €431,498 | -€15,091 | -3.4% |
| Trade receivables | 40 | €133,812 | €192,238 | +€58,426 | +43.7% |
| Other amounts receivable | 41 | €312,777 | €239,260 | -€73,517 | -23.5% |
| Current investments | 50/53 | €299,818 | €350,000 | +€50,182 | +16.7% |
| Cash at bank and in hand | 54/58 | €363,221 | €155,549 | -€207,672 | -57.2% |
| Deferred charges and accrued income | 490/1 | €20,033 | €25,563 | +€5,530 | +27.6% |
| Total equity and liabilities | 10/49 | €1,924,966 | €1,747,681 | -€177,285 | -9.2% |
| Equity | 10/15 | €1,259,587 | €1,207,700 | -€51,887 | -4.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €730,568 | €730,568 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | - | -€84,200 | |
| Distributable reserves | 133 | €633,868 | €718,068 | +€84,200 | +13.3% |
| Profit (loss) carried forward | 14 | €404,018 | €352,132 | -€51,887 | -12.8% |
| Amounts payable | 17/49 | €665,380 | €539,981 | -€125,399 | -18.8% |
| Amounts payable after more than one year | 17 | €3,800 | €3,800 | = | 0.0% |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €661,580 | €536,064 | -€125,515 | -19.0% |
| Trade debts | 44 | €584,135 | €454,398 | -€129,737 | -22.2% |
| Suppliers | 440/4 | €584,135 | €454,398 | -€129,737 | -22.2% |
| Taxes, remuneration and social security | 45 | €71,454 | €81,667 | +€10,212 | +14.3% |
| Taxes | 450/3 | €9,671 | €18,862 | +€9,192 | +95.0% |
| Remuneration and social security | 454/9 | €61,784 | €62,804 | +€1,021 | +1.7% |
| Other amounts payable | 47/48 | €5,991 | - | -€5,991 | |
| Accrued charges and deferred income | 492/3 | - | €117 | +€117 | |
| Non-recurring operating income | 76A | €16,537 | €13,468 | -€3,069 | -18.6% |
| Remuneration, social security and pensions | 62 | €643,997 | €580,267 | -€63,730 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,380 | €57,855 | +€476 | +0.8% |
| Other operating charges | 640/8 | €37,861 | €52,962 | +€15,101 | +39.9% |
| Non-recurring operating charges | 66A | €25 | €12,906 | +€12,881 | +51,523% |
| Gross operating margin | 9900 | €826,989 | €602,722 | -€224,268 | -27.1% |
| Operating profit (loss) | 9901 | €87,727 | -€101,268 | -€188,994 | |
| Financial income | 75/76B | €27,930 | €84,405 | +€56,475 | +202% |
| Recurring financial income | 75 | €27,930 | €84,405 | +€56,475 | +202% |
| Financial charges | 65/66B | €51,018 | €34,831 | -€16,186 | -31.7% |
| Recurring financial charges | 65 | €28,839 | €29,221 | +€382 | +1.3% |
| Non-recurring financial charges | 66B | €22,179 | €5,610 | -€16,569 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | €64,639 | -€51,695 | -€116,333 | |
| Income taxes | 67/77 | €19,671 | €192 | -€19,479 | -99.0% |
| Profit (loss) for the period | 9904 | €44,968 | -€51,887 | -€96,854 | |
| Transfer from tax-exempt reserves | 789 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,968 | €32,313 | -€12,654 | -28.1% |
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.