A.S.R.T.: 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.R.T.
Largest movements
- Receivables within one year +€40,581
new in 2025: €40,581
- Cash -€10,194
down €10,194 (-82.7%), from €12,333 to €2,139
mainly Receivables within one year (-€40,581) and Other debts (-€29,141)
- Tangible fixed assets -€5,975
down €5,975 (-13.1%), from €45,543 to €39,568
of which Plant, machinery and equipment: -€5,613
- Profit (loss) carried forward +€55,669
up €55,669, from -€47,696 to €7,973
- Other debts -€29,141
no longer reported in 2025 (was €29,141)
- Trade debts -€7,020
down €7,020 (-79.6%), from €8,824 to €1,804
- Tax, wage and social debts +€5,091
new in 2025: €5,091
- Gross operating margin +€44,160
up €44,160 (+146%), from €30,204 to €74,364
- Other operating charges -€8,591
down €8,591 (-49.8%), from €17,248 to €8,657
- Taxes +€5,091
new in 2025: €5,091
- Financial income +€779
new in 2025: €779
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 | €58,468 | €83,067 | +€24,599 | +42.1% |
| Fixed assets | 21/28 | €45,543 | €39,568 | -€5,975 | -13.1% |
| Tangible fixed assets | 22/27 | €45,543 | €39,568 | -€5,975 | -13.1% |
| Land and buildings | 22 | €28,089 | €27,106 | -€983 | -3.5% |
| Plant, machinery and equipment | 23 | €17,454 | €11,841 | -€5,613 | -32.2% |
| Furniture and vehicles | 24 | - | €621 | +€621 | |
| Current assets | 29/58 | €12,925 | €43,499 | +€30,574 | +237% |
| Amounts receivable within one year | 40/41 | - | €40,581 | +€40,581 | |
| Other amounts receivable | 41 | - | €40,581 | +€40,581 | |
| Cash at bank and in hand | 54/58 | €12,333 | €2,139 | -€10,194 | -82.7% |
| Deferred charges and accrued income | 490/1 | €592 | €779 | +€187 | +31.5% |
| Total equity and liabilities | 10/49 | €58,468 | €83,067 | +€24,599 | +42.1% |
| Equity | 10/15 | €20,504 | €76,173 | +€55,669 | +272% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,696 | €7,973 | +€55,669 | |
| Amounts payable | 17/49 | €37,965 | €6,894 | -€31,070 | -81.8% |
| Amounts payable within one year | 42/48 | €37,965 | €6,894 | -€31,070 | -81.8% |
| Trade debts | 44 | €8,824 | €1,804 | -€7,020 | -79.6% |
| Suppliers | 440/4 | €8,824 | €1,804 | -€7,020 | -79.6% |
| Taxes, remuneration and social security | 45 | - | €5,091 | +€5,091 | |
| Taxes | 450/3 | - | €5,091 | +€5,091 | |
| Other amounts payable | 47/48 | €29,141 | - | -€29,141 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,413 | €5,652 | +€239 | +4.4% |
| Other operating charges | 640/8 | €17,248 | €8,657 | -€8,591 | -49.8% |
| Gross operating margin | 9900 | €30,204 | €74,364 | +€44,160 | +146% |
| Operating profit (loss) | 9901 | €7,544 | €60,056 | +€52,512 | +696% |
| Financial income | 75/76B | - | €779 | +€779 | |
| Recurring financial income | 75 | - | €779 | +€779 | |
| Financial charges | 65/66B | €80 | €75 | -€5 | -5.7% |
| Recurring financial charges | 65 | €80 | €75 | -€5 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €7,464 | €60,760 | +€53,295 | +714% |
| Income taxes | 67/77 | - | €5,091 | +€5,091 | |
| Profit (loss) for the period | 9904 | €7,464 | €55,669 | +€48,205 | +646% |
| Profit (loss) for the period to be appropriated | 9905 | €7,464 | €55,669 | +€48,205 | +646% |
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 26 October 2026 via checked.be.