A & S EXPRESS: 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.
A & S EXPRESS
Largest movements
- Receivables within one year -€10,316
down €10,316 (-98.3%), from €10,498 to €182
of which Trade receivables: -€10,316
- Cash -€7,979
down €7,979 (-92.0%), from €8,674 to €695
mainly Tax, wage and social debts (-€7,690) and Other debts (-€5,864)
- Tangible fixed assets -€802
down €802 (-57.2%), from €1,402 to €600
- Tax, wage and social debts -€7,690
no longer reported in 2025 (was €7,690)
of which Taxes: -€6,063
- Other debts -€5,864
down €5,864 (-36.4%), from €16,096 to €10,232
- Profit (loss) carried forward -€5,159
down €5,159 (-10.6%), from -€48,759 to -€53,918
- Trade debts -€384
no longer reported in 2025 (was €384)
- Staff costs -€4,811
no longer reported in 2025 (was €4,811)
- Gross operating margin -€1,512
down €1,512 (-84.8%), from -€1,784 to -€3,296
- Other operating charges -€504
down €504 (-46.6%), from €1,081 to €577
- Financial charges -€442
down €442 (-47.8%), from €926 to €483
- Depreciation -€200
down €200 (-20.0%), from €1,002 to €802
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 | €23,316 | €4,219 | -€19,097 | -81.9% |
| Fixed assets | 21/28 | €4,144 | €3,342 | -€802 | -19.4% |
| Tangible fixed assets | 22/27 | €1,402 | €600 | -€802 | -57.2% |
| Other tangible fixed assets | 26 | €1,402 | €600 | -€802 | -57.2% |
| Financial fixed assets | 28 | €2,742 | €2,742 | = | 0.0% |
| Current assets | 29/58 | €19,172 | €877 | -€18,295 | -95.4% |
| Amounts receivable within one year | 40/41 | €10,498 | €182 | -€10,316 | -98.3% |
| Trade receivables | 40 | €10,316 | - | -€10,316 | |
| Other amounts receivable | 41 | €182 | €182 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,674 | €695 | -€7,979 | -92.0% |
| Total equity and liabilities | 10/49 | €23,316 | €4,219 | -€19,097 | -81.9% |
| Equity | 10/15 | -€854 | -€6,013 | -€5,159 | -603.8% |
| Contributions | 10/11 | €43,550 | €43,550 | = | 0.0% |
| Reserves | 13 | €4,355 | €4,355 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,355 | €4,355 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,355 | €4,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,759 | -€53,918 | -€5,159 | -10.6% |
| Amounts payable | 17/49 | €24,170 | €10,232 | -€13,938 | -57.7% |
| Amounts payable within one year | 42/48 | €24,170 | €10,232 | -€13,938 | -57.7% |
| Trade debts | 44 | €384 | - | -€384 | |
| Suppliers | 440/4 | €384 | - | -€384 | |
| Taxes, remuneration and social security | 45 | €7,690 | - | -€7,690 | |
| Taxes | 450/3 | €6,063 | - | -€6,063 | |
| Remuneration and social security | 454/9 | €1,627 | - | -€1,627 | |
| Other amounts payable | 47/48 | €16,096 | €10,232 | -€5,864 | -36.4% |
| Remuneration, social security and pensions | 62 | €4,811 | - | -€4,811 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,002 | €802 | -€200 | -20.0% |
| Other operating charges | 640/8 | €1,081 | €577 | -€504 | -46.6% |
| Gross operating margin | 9900 | -€1,784 | -€3,296 | -€1,512 | -84.8% |
| Operating profit (loss) | 9901 | -€8,678 | -€4,675 | +€4,003 | +46.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €926 | €483 | -€442 | -47.8% |
| Recurring financial charges | 65 | €926 | €483 | -€442 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,604 | -€5,159 | +€4,445 | +46.3% |
| Profit (loss) for the period | 9904 | -€9,604 | -€5,159 | +€4,445 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,604 | -€5,159 | +€4,445 | +46.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.