BASARAN: 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.
BASARAN
Largest movements
- Receivables within one year -€43,182
down €43,182 (-38.5%), from €112,111 to €68,929
of which Trade receivables: -€62,198
- Tangible fixed assets +€20,907
up €20,907 (+90.6%), from €23,076 to €43,984
of which Furniture and vehicles: +€20,593
- Cash +€9,842
up €9,842 (+26.3%), from €37,358 to €47,200
mainly Receivables within one year (+€43,182) and Debts after one year (+€20,918)
- Stocks and contracts +€7,737
up €7,737 (+270%), from €2,860 to €10,597
- Trade debts -€57,908
down €57,908 (-95.5%), from €60,665 to €2,757
- Debts after one year +€20,918
new in 2025: €20,918
- Reserves +€16,300
up €16,300 (+49.5%), from €32,960 to €49,260
of which Distributable reserves: +€16,300
- Tax, wage and social debts +€14,614
up €14,614 (+25.4%), from €57,462 to €72,076
of which Taxes: +€10,339
- Gross operating margin -€73,245
down €73,245 (-25.0%), from €292,465 to €219,220
- Taxes -€21,097
down €21,097 (-57.1%), from €36,969 to €15,872
- Staff costs +€7,520
up €7,520 (+4.6%), from €164,156 to €171,676
- Other operating charges -€7,262
down €7,262 (-77.3%), from €9,393 to €2,131
- Depreciation +€3,447
up €3,447 (+93.4%), from €3,691 to €7,139
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 | €179,020 | €175,049 | -€3,970 | -2.2% |
| Fixed assets | 21/28 | €26,313 | €47,221 | +€20,907 | +79.5% |
| Tangible fixed assets | 22/27 | €23,076 | €43,984 | +€20,907 | +90.6% |
| Plant, machinery and equipment | 23 | €15,059 | €16,073 | +€1,014 | +6.7% |
| Furniture and vehicles | 24 | €4,529 | €25,122 | +€20,593 | +455% |
| Other tangible fixed assets | 26 | €3,488 | €2,789 | -€700 | -20.1% |
| Financial fixed assets | 28 | €3,237 | €3,237 | = | 0.0% |
| Current assets | 29/58 | €152,707 | €127,829 | -€24,878 | -16.3% |
| Stocks and contracts in progress | 3 | €2,860 | €10,597 | +€7,737 | +270% |
| Stocks | 30/36 | €2,860 | €10,597 | +€7,737 | +270% |
| Amounts receivable within one year | 40/41 | €112,111 | €68,929 | -€43,182 | -38.5% |
| Trade receivables | 40 | €63,238 | €1,040 | -€62,198 | -98.4% |
| Other amounts receivable | 41 | €48,873 | €67,889 | +€19,017 | +38.9% |
| Cash at bank and in hand | 54/58 | €37,358 | €47,200 | +€9,842 | +26.3% |
| Deferred charges and accrued income | 490/1 | €377 | €1,102 | +€725 | +192% |
| Total equity and liabilities | 10/49 | €179,020 | €175,049 | -€3,970 | -2.2% |
| Equity | 10/15 | €51,595 | €67,926 | +€16,330 | +31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,960 | €49,260 | +€16,300 | +49.5% |
| 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 | €31,100 | €47,400 | +€16,300 | +52.4% |
| Profit (loss) carried forward | 14 | €35 | €66 | +€30 | +86.7% |
| Amounts payable | 17/49 | €127,424 | €107,124 | -€20,301 | -15.9% |
| Amounts payable after more than one year | 17 | - | €20,918 | +€20,918 | |
| Financial debts | 170/4 | - | €20,918 | +€20,918 | |
| Amounts payable within one year | 42/48 | €127,424 | €86,206 | -€41,219 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €7,705 | €8,973 | +€1,268 | +16.5% |
| Trade debts | 44 | €60,665 | €2,757 | -€57,908 | -95.5% |
| Suppliers | 440/4 | €60,665 | €2,757 | -€57,908 | -95.5% |
| Advances received on contracts in progress | 46 | - | €1,040 | +€1,040 | |
| Taxes, remuneration and social security | 45 | €57,462 | €72,076 | +€14,614 | +25.4% |
| Taxes | 450/3 | €45,376 | €55,715 | +€10,339 | +22.8% |
| Remuneration and social security | 454/9 | €12,086 | €16,361 | +€4,275 | +35.4% |
| Other amounts payable | 47/48 | €1,593 | €1,360 | -€233 | -14.6% |
| Remuneration, social security and pensions | 62 | €164,156 | €171,676 | +€7,520 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,691 | €7,139 | +€3,447 | +93.4% |
| Other operating charges | 640/8 | €9,393 | €2,131 | -€7,262 | -77.3% |
| Non-recurring operating charges | 66A | - | €4,529 | +€4,529 | |
| Gross operating margin | 9900 | €292,465 | €219,220 | -€73,245 | -25.0% |
| Operating profit (loss) | 9901 | €115,224 | €33,745 | -€81,479 | -70.7% |
| Financial income | 75/76B | - | €41 | +€41 | |
| Recurring financial income | 75 | - | €41 | +€41 | |
| Financial charges | 65/66B | €3,457 | €224 | -€3,233 | -93.5% |
| Recurring financial charges | 65 | €3,457 | €224 | -€3,233 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €111,767 | €33,562 | -€78,205 | -70.0% |
| Income taxes | 67/77 | €36,969 | €15,872 | -€21,097 | -57.1% |
| Profit (loss) for the period | 9904 | €74,798 | €17,690 | -€57,108 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,798 | €17,690 | -€57,108 | -76.3% |
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 30 October 2026 via checked.be.