A&S Projects: 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 Projects
Largest movements
- Receivables within one year +€36,424
new in 2025: €36,424
of which Trade receivables: +€30,573
- Tangible fixed assets +€13,851
up €13,851 (+1.9%), from €724,397 to €738,248
of which Plant, machinery and equipment: +€13,851
- Other debts +€180,884
up €180,884 (+55.7%), from €324,699 to €505,584
- Debts after one year -€120,000
down €120,000 (-54.5%), from €220,000 to €100,000
- Profit (loss) carried forward -€9,982
down €9,982 (-73.4%), from €13,608 to €3,626
- Taxes +€2,199
new in 2025: €2,199
- Gross operating margin +€2,020
up €2,020 (+23.9%), from -€8,448 to -€6,428
- Other operating charges +€1,037
up €1,037 (+426.7%), from €243 to €1,280
- Financial charges -€112
down €112 (-60.0%), from €186 to €74
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 | €724,509 | €774,671 | +€50,163 | +6.9% |
| Fixed assets | 21/28 | €724,397 | €738,248 | +€13,851 | +1.9% |
| Tangible fixed assets | 22/27 | €724,397 | €738,248 | +€13,851 | +1.9% |
| Land and buildings | 22 | €714,747 | €714,747 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €13,851 | +€13,851 | |
| Furniture and vehicles | 24 | €9,650 | €9,650 | = | 0.0% |
| Current assets | 29/58 | €112 | €36,424 | +€36,312 | +32555.2% |
| Amounts receivable within one year | 40/41 | - | €36,424 | +€36,424 | |
| Trade receivables | 40 | - | €30,573 | +€30,573 | |
| Other amounts receivable | 41 | - | €5,851 | +€5,851 | |
| Cash at bank and in hand | 54/58 | €112 | - | -€112 | |
| Total equity and liabilities | 10/49 | €724,509 | €774,671 | +€50,163 | +6.9% |
| Equity | 10/15 | €59,070 | €49,088 | -€9,982 | -16.9% |
| Contributions | 10/11 | €620 | €620 | = | 0.0% |
| Reserves | 13 | €44,842 | €44,842 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €42,982 | €42,982 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,608 | €3,626 | -€9,982 | -73.4% |
| Amounts payable | 17/49 | €665,439 | €725,584 | +€60,145 | +9.0% |
| Amounts payable after more than one year | 17 | €220,000 | €100,000 | -€120,000 | -54.5% |
| Financial debts | 170/4 | €220,000 | €100,000 | -€120,000 | -54.5% |
| Amounts payable within one year | 42/48 | €445,439 | €625,584 | +€180,145 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €120,000 | €120,000 | = | 0.0% |
| Trade debts | 44 | €740 | - | -€740 | |
| Suppliers | 440/4 | €740 | - | -€740 | |
| Other amounts payable | 47/48 | €324,699 | €505,584 | +€180,884 | +55.7% |
| Other operating charges | 640/8 | €243 | €1,280 | +€1,037 | +426.7% |
| Gross operating margin | 9900 | -€8,448 | -€6,428 | +€2,020 | +23.9% |
| Operating profit (loss) | 9901 | -€8,691 | -€7,708 | +€983 | +11.3% |
| Financial charges | 65/66B | €186 | €74 | -€112 | -60.0% |
| Recurring financial charges | 65 | €186 | €74 | -€112 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,877 | -€7,783 | +€1,095 | +12.3% |
| Income taxes | 67/77 | - | €2,199 | +€2,199 | |
| Profit (loss) for the period | 9904 | -€8,877 | -€9,982 | -€1,105 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,877 | -€9,982 | -€1,105 | -12.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.