21ASC: 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.
21ASC
Largest movements
- Cash +€91,443
up €91,443 (+599.7%), from €15,247 to €106,690
mainly Contributions, distributions and other (+€90,000) and Other debts (+€54,729)
- Tangible fixed assets -€13,669
down €13,669 (-14.3%), from €95,723 to €82,054
- Stocks and contracts +€8,713
up €8,713 (+58.3%), from €14,939 to €23,652
- Deferred charges and accrued income -€3,423
down €3,423 (-30.0%), from €11,416 to €7,993
- Intangible fixed assets -€3,111
down €3,111 (-28.9%), from €10,759 to €7,648
- Contributions +€90,000
up €90,000 (+750.0%), from €12,000 to €102,000
- Other debts +€54,729
up €54,729 (+201.4%), from €27,178 to €81,908
- Profit (loss) carried forward -€28,892
down €28,892 (-39.8%), from -€72,618 to -€101,511
- Debts after one year -€28,221
down €28,221 (-25.6%), from €110,451 to €82,230
of which Financial debts: -€14,449
- Trade debts -€9,327
down €9,327 (-18.5%), from €50,527 to €41,200
- Gross operating margin +€69,319
up €69,319 (+66.2%), from €104,726 to €174,045
- Staff costs +€41,734
up €41,734 (+32.4%), from €128,843 to €170,577
- Financial charges -€3,366
down €3,366 (-34.2%), from €9,840 to €6,474
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 | €150,515 | €230,919 | +€80,403 | +53.4% |
| Formation expenses | 20 | - | €1,271 | +€1,271 | |
| Fixed assets | 21/28 | €106,482 | €89,702 | -€16,780 | -15.8% |
| Intangible fixed assets | 21 | €10,759 | €7,648 | -€3,111 | -28.9% |
| Tangible fixed assets | 22/27 | €95,723 | €82,054 | -€13,669 | -14.3% |
| Plant, machinery and equipment | 23 | €24,898 | €18,820 | -€6,078 | -24.4% |
| Furniture and vehicles | 24 | €47,899 | €41,982 | -€5,917 | -12.4% |
| Other tangible fixed assets | 26 | €22,927 | €21,252 | -€1,675 | -7.3% |
| Current assets | 29/58 | €44,033 | €139,946 | +€95,913 | +217.8% |
| Stocks and contracts in progress | 3 | €14,939 | €23,652 | +€8,713 | +58.3% |
| Stocks | 30/36 | €14,939 | €23,652 | +€8,713 | +58.3% |
| Amounts receivable within one year | 40/41 | €2,431 | €1,611 | -€820 | -33.7% |
| Trade receivables | 40 | €2,037 | €631 | -€1,406 | -69.0% |
| Other amounts receivable | 41 | €395 | €980 | +€585 | +148.4% |
| Cash at bank and in hand | 54/58 | €15,247 | €106,690 | +€91,443 | +599.7% |
| Deferred charges and accrued income | 490/1 | €11,416 | €7,993 | -€3,423 | -30.0% |
| Total equity and liabilities | 10/49 | €150,515 | €230,919 | +€80,403 | +53.4% |
| Equity | 10/15 | -€60,618 | €489 | +€61,108 | |
| Contributions | 10/11 | €12,000 | €102,000 | +€90,000 | +750.0% |
| Profit (loss) carried forward | 14 | -€72,618 | -€101,511 | -€28,892 | -39.8% |
| Amounts payable | 17/49 | €211,134 | €230,429 | +€19,296 | +9.1% |
| Amounts payable after more than one year | 17 | €110,451 | €82,230 | -€28,221 | -25.6% |
| Financial debts | 170/4 | €55,040 | €40,591 | -€14,449 | -26.3% |
| Other amounts payable | 178/9 | €55,411 | €41,639 | -€13,772 | -24.9% |
| Amounts payable within one year | 42/48 | €100,683 | €148,199 | +€47,517 | +47.2% |
| Current portion of amounts payable after more than one year | 42 | €13,525 | €14,449 | +€924 | +6.8% |
| Trade debts | 44 | €50,527 | €41,200 | -€9,327 | -18.5% |
| Suppliers | 440/4 | €50,527 | €41,200 | -€9,327 | -18.5% |
| Taxes, remuneration and social security | 45 | €9,452 | €10,642 | +€1,190 | +12.6% |
| Taxes | 450/3 | €187 | €1,990 | +€1,803 | +965.3% |
| Remuneration and social security | 454/9 | €9,266 | €8,653 | -€613 | -6.6% |
| Other amounts payable | 47/48 | €27,178 | €81,908 | +€54,729 | +201.4% |
| Non-recurring operating income | 76A | €3,459 | €956 | -€2,502 | -72.3% |
| Remuneration, social security and pensions | 62 | €128,843 | €170,577 | +€41,734 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,388 | €21,436 | -€952 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €748 | +€748 | |
| Other operating charges | 640/8 | €2,437 | €3,703 | +€1,265 | +51.9% |
| Gross operating margin | 9900 | €104,726 | €174,045 | +€69,319 | +66.2% |
| Operating profit (loss) | 9901 | -€48,942 | -€22,418 | +€26,524 | +54.2% |
| Financial charges | 65/66B | €9,840 | €6,474 | -€3,366 | -34.2% |
| Recurring financial charges | 65 | €9,840 | €6,474 | -€3,366 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€58,782 | -€28,892 | +€29,890 | +50.8% |
| Profit (loss) for the period | 9904 | -€58,782 | -€28,892 | +€29,890 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,782 | -€28,892 | +€29,890 | +50.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.