A.S FINANCES: 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 FINANCES
Largest movements
- Cash +€18,236
up €18,236 (+124%), from €14,704 to €32,940
mainly Investment in fixed assets (net) (+€17,915) and Receivables within one year (+€3,565)
- Tangible fixed assets -€17,988
no longer reported in 2025 (was €17,988)
- Receivables within one year -€3,565
down €3,565 (-13.8%), from €25,862 to €22,297
- Deferred charges and accrued income -€681
down €681 (-98.9%), from €689 to €7
- Contributions +€20,460
new in 2025: €20,460
- Reserves -€20,460
no longer reported in 2025 (was €20,460)
- Profit (loss) carried forward -€4,672
down €4,672 (-12.1%), from €38,731 to €34,059
- Trade debts +€673
up €673 (+657%), from €102 to €775
- Gross operating margin -€51,151
down €51,151, from €46,648 to -€4,503
- Financial charges -€44,429
down €44,429 (-88.0%), from €50,473 to €6,044
of which Non-recurring financial charges: -€44,147
- Depreciation -€8,237
down €8,237 (-99.1%), from €8,310 to €73
- Taxes -€3,491
down €3,491 (-68.2%), from €5,116 to €1,625
- Financial income -€2,767
down €2,767 (-25.5%), from €10,867 to €8,100
of which Financial income: -€2,604
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 | €59,293 | €55,294 | -€3,999 | -6.7% |
| Fixed assets | 21/28 | €18,038 | €50 | -€17,988 | -99.7% |
| Tangible fixed assets | 22/27 | €17,988 | - | -€17,988 | |
| Furniture and vehicles | 24 | €17,988 | - | -€17,988 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €41,255 | €55,244 | +€13,989 | +33.9% |
| Amounts receivable within one year | 40/41 | €25,862 | €22,297 | -€3,565 | -13.8% |
| Other amounts receivable | 41 | €25,862 | €22,297 | -€3,565 | -13.8% |
| Cash at bank and in hand | 54/58 | €14,704 | €32,940 | +€18,236 | +124% |
| Deferred charges and accrued income | 490/1 | €689 | €7 | -€681 | -98.9% |
| Total equity and liabilities | 10/49 | €59,293 | €55,294 | -€3,999 | -6.7% |
| Equity | 10/15 | €59,191 | €54,519 | -€4,672 | -7.9% |
| Contributions | 10/11 | - | €20,460 | +€20,460 | |
| Reserves | 13 | €20,460 | - | -€20,460 | |
| Distributable reserves | 133 | €20,460 | - | -€20,460 | |
| Profit (loss) carried forward | 14 | €38,731 | €34,059 | -€4,672 | -12.1% |
| Amounts payable | 17/49 | €102 | €775 | +€673 | +657% |
| Amounts payable within one year | 42/48 | €102 | €775 | +€673 | +657% |
| Trade debts | 44 | €102 | €775 | +€673 | +657% |
| Suppliers | 440/4 | €102 | €775 | +€673 | +657% |
| Remuneration, social security and pensions | 62 | €1,895 | - | -€1,895 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,310 | €73 | -€8,237 | -99.1% |
| Other operating charges | 640/8 | €1,022 | €527 | -€495 | -48.4% |
| Gross operating margin | 9900 | €46,648 | -€4,503 | -€51,151 | |
| Operating profit (loss) | 9901 | €35,421 | -€5,103 | -€40,524 | |
| Financial income | 75/76B | €10,867 | €8,100 | -€2,767 | -25.5% |
| Recurring financial income | 75 | €2,605 | €0 | -€2,604 | -100.0% |
| Non-recurring financial income | 76B | €8,263 | €8,100 | -€163 | -2.0% |
| Financial charges | 65/66B | €50,473 | €6,044 | -€44,429 | -88.0% |
| Recurring financial charges | 65 | €410 | €129 | -€281 | -68.6% |
| Non-recurring financial charges | 66B | €50,063 | €5,915 | -€44,147 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,184 | -€3,047 | +€1,137 | +27.2% |
| Income taxes | 67/77 | €5,116 | €1,625 | -€3,491 | -68.2% |
| Profit (loss) for the period | 9904 | -€9,300 | -€4,672 | +€4,629 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,300 | -€4,672 | +€4,629 | +49.8% |
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 20 October 2026 via checked.be.