BASALT: 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.
BASALT
Largest movements
- Stocks and contracts +€340,894
up €340,894 (+133%), from €255,511 to €596,404
- Cash +€232,738
up €232,738 (+223%), from €104,567 to €337,305
mainly Other debts (+€711,350) and Net result for the year (+€388,046)
- Receivables within one year +€201,696
up €201,696 (+10.0%), from €2.0m to €2.2m
of which Other amounts receivable: +€601,699
- Tangible fixed assets -€49,112
down €49,112 (-6.5%), from €758,396 to €709,284
of which Land and buildings: -€27,102
- Other debts +€711,350
up €711,350 (+115%), from €616,105 to €1.3m
- Advances received +€238,177
up €238,177 (+112%), from €212,895 to €451,072
- Trade debts -€121,065
down €121,065 (-59.8%), from €202,429 to €81,364
- Reserves -€111,954
down €111,954 (-6.9%), from €1.6m to €1.5m
- Tax, wage and social debts +€62,274
up €62,274 (+107%), from €58,471 to €120,746
of which Taxes: +€61,637
- Gross operating margin -€114,451
down €114,451 (-13.8%), from €831,924 to €717,472
- Taxes -€18,193
down €18,193 (-12.4%), from €146,873 to €128,680
- Staff costs -€15,477
down €15,477 (-9.1%), from €169,640 to €154,163
- Financial income +€10,913
up €10,913 (+79.4%), from €13,740 to €24,654
of which Financial income: +€9,603
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 | €3,148,213 | €3,883,960 | +€735,746 | +23.4% |
| Fixed assets | 21/28 | €776,030 | €736,449 | -€39,581 | -5.1% |
| Tangible fixed assets | 22/27 | €758,396 | €709,284 | -€49,112 | -6.5% |
| Land and buildings | 22 | €696,360 | €669,258 | -€27,102 | -3.9% |
| Furniture and vehicles | 24 | €62,036 | €40,026 | -€22,010 | -35.5% |
| Financial fixed assets | 28 | €17,634 | €27,165 | +€9,531 | +54.1% |
| Current assets | 29/58 | €2,372,184 | €3,147,511 | +€775,328 | +32.7% |
| Stocks and contracts in progress | 3 | €255,511 | €596,404 | +€340,894 | +133% |
| Contracts in progress | 37 | €255,511 | €596,404 | +€340,894 | +133% |
| Amounts receivable within one year | 40/41 | €2,012,106 | €2,213,801 | +€201,696 | +10.0% |
| Trade receivables | 40 | €1,725,934 | €1,325,931 | -€400,003 | -23.2% |
| Other amounts receivable | 41 | €286,172 | €887,871 | +€601,699 | +210% |
| Cash at bank and in hand | 54/58 | €104,567 | €337,305 | +€232,738 | +223% |
| Total equity and liabilities | 10/49 | €3,148,213 | €3,883,960 | +€735,746 | +23.4% |
| Equity | 10/15 | €1,633,880 | €1,521,925 | -€111,954 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,615,280 | €1,503,325 | -€111,954 | -6.9% |
| Distributable reserves | 133 | €1,615,280 | €1,503,325 | -€111,954 | -6.9% |
| Amounts payable | 17/49 | €1,514,334 | €2,362,035 | +€847,701 | +56.0% |
| Amounts payable after more than one year | 17 | €361,211 | €318,828 | -€42,384 | -11.7% |
| Financial debts | 170/4 | €357,811 | €315,428 | -€42,384 | -11.8% |
| Other amounts payable | 178/9 | €3,400 | €3,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,151,348 | €2,043,207 | +€891,858 | +77.5% |
| Current portion of amounts payable after more than one year | 42 | €41,164 | €42,384 | +€1,220 | +3.0% |
| Financial debts | 43 | €20,284 | €20,187 | -€97 | -0.5% |
| Other loans | 439 | €20,284 | €20,187 | -€97 | -0.5% |
| Trade debts | 44 | €202,429 | €81,364 | -€121,065 | -59.8% |
| Suppliers | 440/4 | €202,429 | €81,364 | -€121,065 | -59.8% |
| Advances received on contracts in progress | 46 | €212,895 | €451,072 | +€238,177 | +112% |
| Taxes, remuneration and social security | 45 | €58,471 | €120,746 | +€62,274 | +107% |
| Taxes | 450/3 | €46,873 | €108,510 | +€61,637 | +131% |
| Remuneration and social security | 454/9 | €11,598 | €12,236 | +€638 | +5.5% |
| Other amounts payable | 47/48 | €616,105 | €1,327,455 | +€711,350 | +115% |
| Accrued charges and deferred income | 492/3 | €1,774 | - | -€1,774 | |
| Non-recurring operating income | 76A | €2,218 | - | -€2,218 | |
| Remuneration, social security and pensions | 62 | €169,640 | €154,163 | -€15,477 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,615 | €49,112 | -€1,503 | -3.0% |
| Other operating charges | 640/8 | €16,135 | €9,097 | -€7,038 | -43.6% |
| Gross operating margin | 9900 | €831,924 | €717,472 | -€114,451 | -13.8% |
| Operating profit (loss) | 9901 | €595,534 | €505,100 | -€90,433 | -15.2% |
| Financial income | 75/76B | €13,740 | €24,654 | +€10,913 | +79.4% |
| Recurring financial income | 75 | €13,490 | €23,093 | +€9,603 | +71.2% |
| Non-recurring financial income | 76B | €250 | €1,561 | +€1,311 | +524% |
| Financial charges | 65/66B | €15,348 | €13,028 | -€2,320 | -15.1% |
| Recurring financial charges | 65 | €14,998 | €13,028 | -€1,970 | -13.1% |
| Non-recurring financial charges | 66B | €350 | - | -€350 | |
| Profit (loss) for the period before taxes | 9903 | €593,926 | €516,726 | -€77,200 | -13.0% |
| Income taxes | 67/77 | €146,873 | €128,680 | -€18,193 | -12.4% |
| Profit (loss) for the period | 9904 | €447,053 | €388,046 | -€59,007 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €447,053 | €388,046 | -€59,007 | -13.2% |
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 31 October 2026 via checked.be.