A.S.B.O.: 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.B.O.
Largest movements
- Cash -€257,068
down €257,068 (-30.6%), from €840,043 to €582,975
mainly Net result for the year (-€351,040) and Deferred charges and accrued income (-€38,371)
- Tangible fixed assets -€40,143
down €40,143 (-6.1%), from €661,219 to €621,076
of which Land and buildings: -€36,461
- Deferred charges and accrued income +€38,371
up €38,371 (+163%), from €23,524 to €61,895
- Profit (loss) carried forward -€351,040
down €351,040 (-82.3%), from -€426,640 to -€777,680
- Other debts +€61,744
up €61,744 (+198%), from €31,259 to €93,003
- Trade debts +€58,298
up €58,298 (+10.9%), from €534,182 to €592,480
- Gross operating margin +€83,680
up €83,680 (+31.2%), from -€268,197 to -€184,517
- Financial income +€4,603
up €4,603 (+9.4%), from €48,737 to €53,339
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 | €3,189,531 | €2,959,950 | -€229,581 | -7.2% |
| Fixed assets | 21/28 | €664,563 | €623,754 | -€40,808 | -6.1% |
| Tangible fixed assets | 22/27 | €661,219 | €621,076 | -€40,143 | -6.1% |
| Land and buildings | 22 | €641,823 | €605,361 | -€36,461 | -5.7% |
| Plant, machinery and equipment | 23 | €4,723 | €2,879 | -€1,844 | -39.1% |
| Furniture and vehicles | 24 | €14,674 | €12,836 | -€1,837 | -12.5% |
| Financial fixed assets | 28 | €3,343 | €2,678 | -€665 | -19.9% |
| Current assets | 29/58 | €2,524,969 | €2,336,196 | -€188,773 | -7.5% |
| Stocks and contracts in progress | 3 | €176,622 | €176,622 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Contracts in progress | 37 | €171,622 | €171,622 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,484,779 | €1,514,703 | +€29,924 | +2.0% |
| Trade receivables | 40 | €262,453 | €215,356 | -€47,097 | -17.9% |
| Other amounts receivable | 41 | €1,222,326 | €1,299,347 | +€77,021 | +6.3% |
| Cash at bank and in hand | 54/58 | €840,043 | €582,975 | -€257,068 | -30.6% |
| Deferred charges and accrued income | 490/1 | €23,524 | €61,895 | +€38,371 | +163% |
| Total equity and liabilities | 10/49 | €3,189,531 | €2,959,950 | -€229,581 | -7.2% |
| Equity | 10/15 | €2,608,219 | €2,257,179 | -€351,040 | -13.5% |
| Contributions | 10/11 | €70,980 | €70,980 | = | 0.0% |
| Reserves | 13 | €2,963,880 | €2,963,880 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,817 | €6,817 | = | 0.0% |
| Other | 1319 | €6,817 | €6,817 | = | 0.0% |
| Tax-exempt reserves | 132 | €132,499 | €132,499 | = | 0.0% |
| Distributable reserves | 133 | €2,824,564 | €2,824,564 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€426,640 | -€777,680 | -€351,040 | -82.3% |
| Amounts payable | 17/49 | €581,312 | €702,771 | +€121,459 | +20.9% |
| Amounts payable within one year | 42/48 | €581,255 | €702,715 | +€121,461 | +20.9% |
| Trade debts | 44 | €534,182 | €592,480 | +€58,298 | +10.9% |
| Suppliers | 440/4 | €534,182 | €592,480 | +€58,298 | +10.9% |
| Taxes, remuneration and social security | 45 | €15,814 | €17,233 | +€1,419 | +9.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €15,814 | €17,233 | +€1,419 | +9.0% |
| Other amounts payable | 47/48 | €31,259 | €93,003 | +€61,744 | +198% |
| Accrued charges and deferred income | 492/3 | €57 | €56 | -€2 | -3.0% |
| Remuneration, social security and pensions | 62 | €133,637 | €131,059 | -€2,579 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,089 | €40,143 | -€946 | -2.3% |
| Other operating charges | 640/8 | €46,817 | €48,639 | +€1,822 | +3.9% |
| Gross operating margin | 9900 | -€268,197 | -€184,517 | +€83,680 | +31.2% |
| Operating profit (loss) | 9901 | -€489,741 | -€404,358 | +€85,383 | +17.4% |
| Financial income | 75/76B | €48,737 | €53,339 | +€4,603 | +9.4% |
| Recurring financial income | 75 | €48,737 | €53,339 | +€4,603 | +9.4% |
| Financial charges | 65/66B | €1 | €4 | +€3 | +359% |
| Recurring financial charges | 65 | €1 | €4 | +€3 | +359% |
| Profit (loss) for the period before taxes | 9903 | -€441,005 | -€351,023 | +€89,982 | +20.4% |
| Income taxes | 67/77 | €24 | €17 | -€7 | -28.9% |
| Profit (loss) for the period | 9904 | -€441,029 | -€351,040 | +€89,989 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€441,029 | -€351,040 | +€89,989 | +20.4% |
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 1 November 2026 via checked.be.