A.S.P.: 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.P.
Largest movements
- Receivables within one year +€22,591
up €22,591 (+61.5%), from €36,744 to €59,335
of which Trade receivables: +€25,359
- Tangible fixed assets -€15,995
down €15,995 (-26.9%), from €59,476 to €43,481
of which Furniture and vehicles: -€11,756
- Cash +€3,591
up €3,591 (+20.8%), from €17,300 to €20,892
mainly Trade debts (+€36,343) and Depreciation (+€9,315)
- Stocks and contracts +€1,949
up €1,949 (+3.7%), from €52,660 to €54,609
- Trade debts +€36,343
up €36,343 (+309.4%), from €11,746 to €48,089
- Short-term financial debts -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Profit (loss) carried forward -€14,341
down €14,341 (-14.0%), from €102,465 to €88,123
- Tax, wage and social debts +€5,321
up €5,321 (+34.8%), from €15,311 to €20,632
of which Remuneration and social security: +€10,109
- Other debts +€1,958
up €1,958, from €0 to €1,958
- Purchases and services -€266,217
no longer reported in 2025 (was €266,217)
- Gross operating margin +€98,120
up €98,120 (+634.6%), from €15,462 to €113,582
- Staff costs +€91,457
up €91,457, from €0 to €91,457
- Depreciation -€7,320
down €7,320 (-44.0%), from €16,635 to €9,315
- Other operating charges +€6,565
up €6,565 (+68.5%), from €9,589 to €16,154
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 | €166,180 | €179,254 | +€13,074 | +7.9% |
| Fixed assets | 21/28 | €59,476 | €43,481 | -€15,995 | -26.9% |
| Tangible fixed assets | 22/27 | €59,476 | €43,481 | -€15,995 | -26.9% |
| Land and buildings | 22 | €32,937 | €32,937 | +€0 | 0.0% |
| Plant, machinery and equipment | 23 | €11,369 | €7,130 | -€4,239 | -37.3% |
| Furniture and vehicles | 24 | €15,170 | €3,414 | -€11,756 | -77.5% |
| Current assets | 29/58 | €106,704 | €135,772 | +€29,069 | +27.2% |
| Stocks and contracts in progress | 3 | €52,660 | €54,609 | +€1,949 | +3.7% |
| Stocks | 30/36 | €52,660 | €54,609 | +€1,949 | +3.7% |
| Amounts receivable within one year | 40/41 | €36,744 | €59,335 | +€22,591 | +61.5% |
| Trade receivables | 40 | €20,686 | €46,045 | +€25,359 | +122.6% |
| Other amounts receivable | 41 | €16,057 | €13,290 | -€2,768 | -17.2% |
| Cash at bank and in hand | 54/58 | €17,300 | €20,892 | +€3,591 | +20.8% |
| Deferred charges and accrued income | 490/1 | - | €937 | +€937 | |
| Total equity and liabilities | 10/49 | €166,180 | €179,254 | +€13,074 | +7.9% |
| Equity | 10/15 | €122,917 | €108,575 | -€14,341 | -11.7% |
| Contributions | 10/11 | €18,592 | €20,452 | +€1,860 | +10.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Profit (loss) carried forward | 14 | €102,465 | €88,123 | -€14,341 | -14.0% |
| Amounts payable | 17/49 | €43,263 | €70,679 | +€27,415 | +63.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €42,848 | €70,679 | +€27,831 | +65.0% |
| Current portion of amounts payable after more than one year | 42 | €791 | €0 | -€791 | -100.0% |
| Financial debts | 43 | €15,000 | €0 | -€15,000 | -100.0% |
| Credit institutions | 430/8 | €15,000 | €0 | -€15,000 | -100.0% |
| Trade debts | 44 | €11,746 | €48,089 | +€36,343 | +309.4% |
| Suppliers | 440/4 | €11,746 | €48,089 | +€36,343 | +309.4% |
| Taxes, remuneration and social security | 45 | €15,311 | €20,632 | +€5,321 | +34.8% |
| Taxes | 450/3 | €9,711 | €4,923 | -€4,788 | -49.3% |
| Remuneration and social security | 454/9 | €5,600 | €15,709 | +€10,109 | +180.5% |
| Other amounts payable | 47/48 | €0 | €1,958 | +€1,958 | |
| Accrued charges and deferred income | 492/3 | €416 | €0 | -€416 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €266,217 | - | -€266,217 | |
| Remuneration, social security and pensions | 62 | €0 | €91,457 | +€91,457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,635 | €9,315 | -€7,320 | -44.0% |
| Other operating charges | 640/8 | €9,589 | €16,154 | +€6,565 | +68.5% |
| Non-recurring operating charges | 66A | - | €4,680 | +€4,680 | |
| Gross operating margin | 9900 | €15,462 | €113,582 | +€98,120 | +634.6% |
| Operating profit (loss) | 9901 | -€10,762 | -€8,024 | +€2,738 | +25.4% |
| Financial income | 75/76B | €828 | €39 | -€788 | -95.3% |
| Recurring financial income | 75 | €828 | €39 | -€788 | -95.3% |
| Financial charges | 65/66B | €6,160 | €6,357 | +€197 | +3.2% |
| Recurring financial charges | 65 | €6,160 | €6,357 | +€197 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,094 | -€14,341 | +€1,753 | +10.9% |
| Profit (loss) for the period | 9904 | -€16,094 | -€14,341 | +€1,753 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,094 | -€14,341 | +€1,753 | +10.9% |
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 12 October 2026 via checked.be.