A.S.A.: 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.
A.S.A.
Largest movements
- Receivables within one year -€12,641
down €12,641 (-82.4%), from €15,339 to €2,698
of which Trade receivables: -€13,808
- Cash +€7,777
up €7,777 (+474.5%), from €1,639 to €9,416
mainly Receivables within one year (+€12,641) and Net result for the year (+€11,430)
- Tangible fixed assets -€6,860
down €6,860 (-32.5%), from €21,080 to €14,220
of which Furniture and vehicles: -€4,874
- Other debts -€23,173
down €23,173 (-60.7%), from €38,160 to €14,987
- Profit (loss) carried forward +€11,430
up €11,430 (+21.0%), from -€54,410 to -€42,980
- Gross operating margin -€32,695
down €32,695 (-61.6%), from €53,042 to €20,347
- Depreciation +€2,779
up €2,779 (+52.0%), from €5,348 to €8,127
- Other operating charges -€547
down €547 (-61.5%), from €889 to €342
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 | €39,058 | €27,334 | -€11,724 | -30.0% |
| Fixed assets | 21/28 | €22,080 | €15,220 | -€6,860 | -31.1% |
| Tangible fixed assets | 22/27 | €21,080 | €14,220 | -€6,860 | -32.5% |
| Plant, machinery and equipment | 23 | €5,011 | €3,025 | -€1,986 | -39.6% |
| Furniture and vehicles | 24 | €16,069 | €11,195 | -€4,874 | -30.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €16,978 | €12,114 | -€4,864 | -28.6% |
| Amounts receivable within one year | 40/41 | €15,339 | €2,698 | -€12,641 | -82.4% |
| Trade receivables | 40 | €13,808 | - | -€13,808 | |
| Other amounts receivable | 41 | €1,531 | €2,698 | +€1,167 | +76.2% |
| Cash at bank and in hand | 54/58 | €1,639 | €9,416 | +€7,777 | +474.5% |
| Total equity and liabilities | 10/49 | €39,058 | €27,334 | -€11,724 | -30.0% |
| Equity | 10/15 | €125 | €11,555 | +€11,430 | +9144.0% |
| Contributions | 10/11 | €49,578 | €49,578 | = | 0.0% |
| Reserves | 13 | €4,957 | €4,957 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,957 | €4,957 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,957 | €4,957 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,410 | -€42,980 | +€11,430 | +21.0% |
| Amounts payable | 17/49 | €38,933 | €15,779 | -€23,154 | -59.5% |
| Amounts payable within one year | 42/48 | €38,933 | €15,779 | -€23,154 | -59.5% |
| Trade debts | 44 | €494 | €212 | -€282 | -57.1% |
| Suppliers | 440/4 | €494 | €212 | -€282 | -57.1% |
| Taxes, remuneration and social security | 45 | €279 | €580 | +€301 | +107.9% |
| Taxes | 450/3 | €279 | €580 | +€301 | +107.9% |
| Other amounts payable | 47/48 | €38,160 | €14,987 | -€23,173 | -60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,348 | €8,127 | +€2,779 | +52.0% |
| Other operating charges | 640/8 | €889 | €342 | -€547 | -61.5% |
| Gross operating margin | 9900 | €53,042 | €20,347 | -€32,695 | -61.6% |
| Operating profit (loss) | 9901 | €46,805 | €11,878 | -€34,927 | -74.6% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €199 | €177 | -€22 | -11.1% |
| Recurring financial charges | 65 | €199 | €177 | -€22 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €46,606 | €11,711 | -€34,895 | -74.9% |
| Income taxes | 67/77 | €279 | €281 | +€2 | +0.7% |
| Profit (loss) for the period | 9904 | €46,327 | €11,430 | -€34,897 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,327 | €11,430 | -€34,897 | -75.3% |
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 11 October 2026 via checked.be.