A&S GROUP: 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 GROUP
Largest movements
- Receivables within one year +€41,435
up €41,435 (+50.7%), from €81,790 to €123,225
of which Trade receivables: +€22,665
- Tangible fixed assets +€26,105
up €26,105 (+22.6%), from €115,762 to €141,866
of which Furniture and vehicles: +€34,452
- Cash -€15,892
down €15,892 (-69.8%), from €22,764 to €6,872
mainly Investment in fixed assets (net) (-€80,670) and Receivables within one year (-€41,435)
- Debts after one year +€35,050
up €35,050 (+67.3%), from €52,056 to €87,106
- Reserves +€16,500
up €16,500 (+16.0%), from €103,444 to €119,944
- Trade debts -€9,144
down €9,144 (-33.3%), from €27,456 to €18,312
- Current portion of long-term debt +€7,938
up €7,938 (+25.5%), from €31,096 to €39,033
- Tax, wage and social debts +€2,878
up €2,878 (+21.0%), from €13,729 to €16,608
of which Remuneration and social security: +€7,128
- Depreciation +€14,988
up €14,988 (+37.9%), from €39,577 to €54,565
- Gross operating margin -€14,592
down €14,592 (-8.0%), from €181,784 to €167,192
- Taxes -€7,963
down €7,963 (-50.2%), from €15,870 to €7,907
- Other operating charges -€6,725
down €6,725 (-69.8%), from €9,629 to €2,905
- Financial charges +€1,907
up €1,907 (+58.6%), from €3,255 to €5,162
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 | €233,116 | €287,456 | +€54,339 | +23.3% |
| Fixed assets | 21/28 | €119,497 | €145,601 | +€26,105 | +21.8% |
| Tangible fixed assets | 22/27 | €115,762 | €141,866 | +€26,105 | +22.6% |
| Plant, machinery and equipment | 23 | €17,296 | €20,948 | +€3,652 | +21.1% |
| Furniture and vehicles | 24 | €56,844 | €91,296 | +€34,452 | +60.6% |
| Leasing and similar rights | 25 | €41,622 | €29,622 | -€12,000 | -28.8% |
| Financial fixed assets | 28 | €3,735 | €3,735 | = | 0.0% |
| Current assets | 29/58 | €113,620 | €141,854 | +€28,235 | +24.9% |
| Amounts receivable within one year | 40/41 | €81,790 | €123,225 | +€41,435 | +50.7% |
| Trade receivables | 40 | €76,371 | €99,036 | +€22,665 | +29.7% |
| Other amounts receivable | 41 | €5,419 | €24,189 | +€18,770 | +346% |
| Cash at bank and in hand | 54/58 | €22,764 | €6,872 | -€15,892 | -69.8% |
| Deferred charges and accrued income | 490/1 | €9,066 | €11,757 | +€2,691 | +29.7% |
| Total equity and liabilities | 10/49 | €233,116 | €287,456 | +€54,339 | +23.3% |
| Equity | 10/15 | €108,427 | €124,953 | +€16,527 | +15.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €103,444 | €119,944 | +€16,500 | +16.0% |
| Distributable reserves | 133 | €103,444 | €119,944 | +€16,500 | +16.0% |
| Profit (loss) carried forward | 14 | €4,882 | €4,909 | +€27 | +0.5% |
| Amounts payable | 17/49 | €124,690 | €162,502 | +€37,813 | +30.3% |
| Amounts payable after more than one year | 17 | €52,056 | €87,106 | +€35,050 | +67.3% |
| Financial debts | 170/4 | €52,056 | €87,106 | +€35,050 | +67.3% |
| Amounts payable within one year | 42/48 | €72,634 | €75,396 | +€2,762 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €31,096 | €39,033 | +€7,938 | +25.5% |
| Trade debts | 44 | €27,456 | €18,312 | -€9,144 | -33.3% |
| Suppliers | 440/4 | €27,456 | €18,312 | -€9,144 | -33.3% |
| Taxes, remuneration and social security | 45 | €13,729 | €16,608 | +€2,878 | +21.0% |
| Taxes | 450/3 | €5,900 | €1,650 | -€4,250 | -72.0% |
| Remuneration and social security | 454/9 | €7,829 | €14,958 | +€7,128 | +91.0% |
| Other amounts payable | 47/48 | €352 | €1,443 | +€1,090 | +310% |
| Remuneration, social security and pensions | 62 | €81,473 | €80,127 | -€1,346 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,577 | €54,565 | +€14,988 | +37.9% |
| Other operating charges | 640/8 | €9,629 | €2,905 | -€6,725 | -69.8% |
| Gross operating margin | 9900 | €181,784 | €167,192 | -€14,592 | -8.0% |
| Operating profit (loss) | 9901 | €51,105 | €29,596 | -€21,510 | -42.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,255 | €5,162 | +€1,907 | +58.6% |
| Recurring financial charges | 65 | €3,255 | €5,162 | +€1,907 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €47,850 | €24,434 | -€23,416 | -48.9% |
| Income taxes | 67/77 | €15,870 | €7,907 | -€7,963 | -50.2% |
| Profit (loss) for the period | 9904 | €31,980 | €16,527 | -€15,453 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,980 | €16,527 | -€15,453 | -48.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.