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
- Cash -€1,939
down €1,939 (-92.1%), from €2,106 to €167
mainly Net result for the year (-€34,334) and Trade debts (-€5,444)
- Deferred charges and accrued income +€1,649
new in 2025: €1,649
- Receivables within one year -€1,382
down €1,382 (-3.2%), from €42,912 to €41,529
of which Other amounts receivable: -€1,382
- Other debts +€43,002
up €43,002 (+41.0%), from €104,838 to €147,840
- Profit (loss) carried forward -€34,334
down €34,334 (-27.1%), from -€126,756 to -€161,090
- Trade debts -€5,444
down €5,444 (-21.3%), from €25,537 to €20,094
- Tax, wage and social debts -€4,677
down €4,677 (-61.7%), from €7,581 to €2,904
- Gross operating margin +€9,867
up €9,867 (+26.5%), from -€37,276 to -€27,409
- Taxes +€5,000
new in 2025: €5,000
- Depreciation -€556
down €556 (-83.4%), from €667 to €111
- Other operating charges +€458
up €458 (+45.8%), from €1,000 to €1,458
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 | €49,379 | €47,926 | -€1,453 | -2.9% |
| Fixed assets | 21/28 | €4,111 | €4,000 | -€111 | -2.7% |
| Tangible fixed assets | 22/27 | €111 | - | -€111 | |
| Other tangible fixed assets | 26 | €111 | - | -€111 | |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €45,268 | €43,926 | -€1,342 | -3.0% |
| Stocks and contracts in progress | 3 | €250 | €580 | +€330 | +132% |
| Stocks | 30/36 | €250 | €580 | +€330 | +132% |
| Amounts receivable within one year | 40/41 | €42,912 | €41,529 | -€1,382 | -3.2% |
| Trade receivables | 40 | €41,301 | €41,301 | = | 0.0% |
| Other amounts receivable | 41 | €1,611 | €228 | -€1,382 | -85.8% |
| Cash at bank and in hand | 54/58 | €2,106 | €167 | -€1,939 | -92.1% |
| Deferred charges and accrued income | 490/1 | - | €1,649 | +€1,649 | |
| Total equity and liabilities | 10/49 | €49,379 | €47,926 | -€1,453 | -2.9% |
| Equity | 10/15 | -€108,156 | -€142,490 | -€34,334 | -31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,756 | -€161,090 | -€34,334 | -27.1% |
| Amounts payable | 17/49 | €157,534 | €190,416 | +€32,882 | +20.9% |
| Amounts payable within one year | 42/48 | €137,956 | €170,838 | +€32,882 | +23.8% |
| Trade debts | 44 | €25,537 | €20,094 | -€5,444 | -21.3% |
| Suppliers | 440/4 | €25,537 | €20,094 | -€5,444 | -21.3% |
| Taxes, remuneration and social security | 45 | €7,581 | €2,904 | -€4,677 | -61.7% |
| Taxes | 450/3 | €7,581 | €2,904 | -€4,677 | -61.7% |
| Other amounts payable | 47/48 | €104,838 | €147,840 | +€43,002 | +41.0% |
| Accrued charges and deferred income | 492/3 | €19,578 | €19,578 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €111 | -€556 | -83.4% |
| Other operating charges | 640/8 | €1,000 | €1,458 | +€458 | +45.8% |
| Gross operating margin | 9900 | -€37,276 | -€27,409 | +€9,867 | +26.5% |
| Operating profit (loss) | 9901 | -€38,943 | -€28,978 | +€9,964 | +25.6% |
| Financial income | 75/76B | €0 | €3 | +€3 | +910% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +910% |
| Financial charges | 65/66B | €337 | €359 | +€22 | +6.4% |
| Recurring financial charges | 65 | €337 | €359 | +€22 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | -€39,280 | -€29,334 | +€9,945 | +25.3% |
| Income taxes | 67/77 | - | €5,000 | +€5,000 | |
| Profit (loss) for the period | 9904 | -€39,280 | -€34,334 | +€4,945 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,280 | -€34,334 | +€4,945 | +12.6% |
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 13 October 2026 via checked.be.