A.S.L.: 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.L.
Largest movements
- Cash -€91,194
down €91,194 (-87.9%), from €103,791 to €12,597
mainly Trade debts (-€49,722) and Stocks and contracts (-€41,852)
- Stocks and contracts +€41,852
up €41,852 (+20.2%), from €207,144 to €248,996
- Tangible fixed assets -€13,705
down €13,705 (-52.8%), from €25,978 to €12,273
- Trade debts -€49,722
down €49,722 (-54.8%), from €90,741 to €41,019
- Tax, wage and social debts -€12,811
down €12,811 (-46.5%), from €27,577 to €14,766
- Profit (loss) carried forward -€3,662
down €3,662 (-21.4%), from -€17,129 to -€20,791
- Depreciation -€3,313
down €3,313 (-19.5%), from €17,017 to €13,705
- Gross operating margin +€2,548
up €2,548 (+20.1%), from €12,667 to €15,215
- Write-downs +€267
new in 2025: €267
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 | €365,687 | €302,992 | -€62,695 | -17.1% |
| Fixed assets | 21/28 | €25,978 | €12,273 | -€13,705 | -52.8% |
| Tangible fixed assets | 22/27 | €25,978 | €12,273 | -€13,705 | -52.8% |
| Furniture and vehicles | 24 | €25,978 | €12,273 | -€13,705 | -52.8% |
| Current assets | 29/58 | €339,709 | €290,718 | -€48,991 | -14.4% |
| Stocks and contracts in progress | 3 | €207,144 | €248,996 | +€41,852 | +20.2% |
| Stocks | 30/36 | €207,144 | €248,996 | +€41,852 | +20.2% |
| Amounts receivable within one year | 40/41 | €28,151 | €28,486 | +€335 | +1.2% |
| Trade receivables | 40 | €28,151 | €28,447 | +€296 | +1.1% |
| Other amounts receivable | 41 | - | €39 | +€39 | |
| Cash at bank and in hand | 54/58 | €103,791 | €12,597 | -€91,194 | -87.9% |
| Deferred charges and accrued income | 490/1 | €623 | €640 | +€17 | +2.7% |
| Total equity and liabilities | 10/49 | €365,687 | €302,992 | -€62,695 | -17.1% |
| Equity | 10/15 | €3,367 | -€295 | -€3,662 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,904 | €1,904 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,904 | €1,904 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,904 | €1,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,129 | -€20,791 | -€3,662 | -21.4% |
| Amounts payable | 17/49 | €362,320 | €303,287 | -€59,033 | -16.3% |
| Amounts payable within one year | 42/48 | €362,320 | €303,287 | -€59,033 | -16.3% |
| Trade debts | 44 | €90,741 | €41,019 | -€49,722 | -54.8% |
| Suppliers | 440/4 | €90,741 | €41,019 | -€49,722 | -54.8% |
| Advances received on contracts in progress | 46 | €75 | - | -€75 | |
| Taxes, remuneration and social security | 45 | €27,577 | €14,766 | -€12,811 | -46.5% |
| Taxes | 450/3 | €27,577 | €14,766 | -€12,811 | -46.5% |
| Other amounts payable | 47/48 | €243,927 | €247,501 | +€3,574 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,017 | €13,705 | -€3,313 | -19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €267 | +€267 | |
| Other operating charges | 640/8 | €4,636 | €4,523 | -€113 | -2.4% |
| Gross operating margin | 9900 | €12,667 | €15,215 | +€2,548 | +20.1% |
| Operating profit (loss) | 9901 | -€8,986 | -€3,280 | +€5,706 | +63.5% |
| Financial income | 75/76B | €15 | €1 | -€14 | -93.7% |
| Recurring financial income | 75 | €15 | €1 | -€14 | -93.7% |
| Financial charges | 65/66B | €400 | €383 | -€17 | -4.3% |
| Recurring financial charges | 65 | €400 | €383 | -€17 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,372 | -€3,662 | +€5,710 | +60.9% |
| Profit (loss) for the period | 9904 | -€9,372 | -€3,662 | +€5,710 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,372 | -€3,662 | +€5,710 | +60.9% |
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 14 October 2026 via checked.be.