A.S. SPECIALTY STORES: 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. SPECIALTY STORES
Largest movements
- Receivables within one year -€232,242
down €232,242 (-46.6%), from €498,817 to €266,575
of which Other amounts receivable: -€241,799
- Tangible fixed assets +€119,468
up €119,468 (+941%), from €12,700 to €132,168
of which Other tangible fixed assets: +€117,962
- Cash -€51,779
down €51,779 (-37.8%), from €137,041 to €85,262
mainly Investment in fixed assets (net) (-€129,316) and Trade debts (-€119,943)
- Stocks and contracts +€14,463
up €14,463 (+10.0%), from €144,332 to €158,795
- Trade debts -€119,943
down €119,943 (-89.3%), from €134,287 to €14,344
- Accrued charges and deferred income -€22,534
down €22,534 (-58.9%), from €38,273 to €15,739
- Profit (loss) carried forward -€10,030
down €10,030 (-0.9%), from -€1.2m to -€1.2m
- Tax, wage and social debts +€9,766
up €9,766 (+29.9%), from €32,622 to €42,388
of which Remuneration and social security: +€5,616
- Gross operating margin -€58,076
down €58,076 (-28.0%), from €207,319 to €149,243
- Staff costs +€26,401
up €26,401 (+20.4%), from €129,338 to €155,739
- Other operating charges -€12,355
no longer reported in 2025 (was €12,355)
- Depreciation +€4,919
up €4,919 (+125%), from €3,929 to €8,848
- Financial income -€3,023
down €3,023 (-25.5%), from €11,848 to €8,825
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 | €796,416 | €646,975 | -€149,441 | -18.8% |
| Fixed assets | 21/28 | €15,536 | €136,004 | +€120,468 | +775% |
| Tangible fixed assets | 22/27 | €12,700 | €132,168 | +€119,468 | +941% |
| Plant, machinery and equipment | 23 | €68 | €1,574 | +€1,506 | +2,215% |
| Other tangible fixed assets | 26 | €12,632 | €130,594 | +€117,962 | +934% |
| Financial fixed assets | 28 | €2,836 | €3,836 | +€1,000 | +35.3% |
| Current assets | 29/58 | €780,880 | €510,971 | -€269,909 | -34.6% |
| Stocks and contracts in progress | 3 | €144,332 | €158,795 | +€14,463 | +10.0% |
| Stocks | 30/36 | €144,332 | €158,795 | +€14,463 | +10.0% |
| Amounts receivable within one year | 40/41 | €498,817 | €266,575 | -€232,242 | -46.6% |
| Trade receivables | 40 | €335 | €9,892 | +€9,557 | +2,853% |
| Other amounts receivable | 41 | €498,482 | €256,683 | -€241,799 | -48.5% |
| Cash at bank and in hand | 54/58 | €137,041 | €85,262 | -€51,779 | -37.8% |
| Deferred charges and accrued income | 490/1 | €690 | €339 | -€351 | -50.9% |
| Total equity and liabilities | 10/49 | €796,416 | €646,975 | -€149,441 | -18.8% |
| Equity | 10/15 | €584,534 | €574,504 | -€10,030 | -1.7% |
| Contributions | 10/11 | €1,761,500 | €1,761,500 | = | 0.0% |
| Capital | 10 | €1,761,500 | €1,761,500 | = | 0.0% |
| Issued capital | 100 | €1,761,500 | €1,761,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,176,966 | -€1,186,996 | -€10,030 | -0.9% |
| Amounts payable | 17/49 | €211,882 | €72,471 | -€139,411 | -65.8% |
| Amounts payable within one year | 42/48 | €173,609 | €56,732 | -€116,877 | -67.3% |
| Trade debts | 44 | €134,287 | €14,344 | -€119,943 | -89.3% |
| Suppliers | 440/4 | €134,287 | €14,344 | -€119,943 | -89.3% |
| Taxes, remuneration and social security | 45 | €32,622 | €42,388 | +€9,766 | +29.9% |
| Taxes | 450/3 | €13,022 | €17,172 | +€4,150 | +31.9% |
| Remuneration and social security | 454/9 | €19,600 | €25,216 | +€5,616 | +28.7% |
| Other amounts payable | 47/48 | €6,700 | - | -€6,700 | |
| Accrued charges and deferred income | 492/3 | €38,273 | €15,739 | -€22,534 | -58.9% |
| Remuneration, social security and pensions | 62 | €129,338 | €155,739 | +€26,401 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,929 | €8,848 | +€4,919 | +125% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€326 | -€1,972 | -€1,646 | -505% |
| Other operating charges | 640/8 | €12,355 | - | -€12,355 | |
| Non-recurring operating charges | 66A | €80 | €68 | -€12 | -15.0% |
| Gross operating margin | 9900 | €207,319 | €149,243 | -€58,076 | -28.0% |
| Operating profit (loss) | 9901 | €61,943 | -€13,440 | -€75,383 | |
| Financial income | 75/76B | €11,848 | €8,825 | -€3,023 | -25.5% |
| Recurring financial income | 75 | €11,848 | €8,825 | -€3,023 | -25.5% |
| Financial charges | 65/66B | €6,843 | €5,235 | -€1,608 | -23.5% |
| Recurring financial charges | 65 | €6,843 | €5,235 | -€1,608 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €66,948 | -€9,850 | -€76,798 | |
| Income taxes | 67/77 | €174 | €180 | +€6 | +3.4% |
| Profit (loss) for the period | 9904 | €66,774 | -€10,030 | -€76,804 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,774 | -€10,030 | -€76,804 |
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 31 October 2026 via checked.be.