A.S SWISS: 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 SWISS
Largest movements
- Tangible fixed assets -€21,378
down €21,378 (-32.1%), from €66,677 to €45,299
of which Plant, machinery and equipment: -€16,148
- Cash +€20,596
up €20,596 (+76.7%), from €26,856 to €47,452
mainly Depreciation (+€27,255) and Net result for the year (+€18,449)
- Stocks and contracts +€17,791
up €17,791 (+20.3%), from €87,434 to €105,225
- Receivables within one year +€10,669
up €10,669 (+162%), from €6,571 to €17,240
of which Trade receivables: +€10,763
- Intangible fixed assets -€5,877
down €5,877 (-31.1%), from €18,901 to €13,024
- Profit (loss) carried forward +€18,449
up €18,449, from -€7,331 to €11,119
- Tax, wage and social debts +€13,067
up €13,067 (+62.6%), from €20,868 to €33,935
of which Remuneration and social security: +€7,765
- Trade debts -€6,972
down €6,972 (-8.0%), from €87,623 to €80,651
- Other debts -€4,696
down €4,696 (-4.2%), from €112,530 to €107,834
- Gross operating margin +€32,667
up €32,667 (+39.1%), from €83,448 to €116,114
- Staff costs +€13,159
up €13,159 (+19.6%), from €67,303 to €80,463
- Financial income +€11,069
up €11,069 (+870%), from €1,273 to €12,342
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 | €217,603 | €237,928 | +€20,325 | +9.3% |
| Fixed assets | 21/28 | €90,558 | €63,303 | -€27,255 | -30.1% |
| Intangible fixed assets | 21 | €18,901 | €13,024 | -€5,877 | -31.1% |
| Tangible fixed assets | 22/27 | €66,677 | €45,299 | -€21,378 | -32.1% |
| Plant, machinery and equipment | 23 | €47,474 | €31,326 | -€16,148 | -34.0% |
| Furniture and vehicles | 24 | €10,641 | €6,821 | -€3,821 | -35.9% |
| Other tangible fixed assets | 26 | €8,562 | €7,153 | -€1,409 | -16.5% |
| Financial fixed assets | 28 | €4,980 | €4,980 | = | 0.0% |
| Current assets | 29/58 | €127,045 | €174,625 | +€47,580 | +37.5% |
| Stocks and contracts in progress | 3 | €87,434 | €105,225 | +€17,791 | +20.3% |
| Stocks | 30/36 | €87,434 | €105,225 | +€17,791 | +20.3% |
| Amounts receivable within one year | 40/41 | €6,571 | €17,240 | +€10,669 | +162% |
| Trade receivables | 40 | €6,477 | €17,240 | +€10,763 | +166% |
| Other amounts receivable | 41 | €94 | - | -€94 | |
| Cash at bank and in hand | 54/58 | €26,856 | €47,452 | +€20,596 | +76.7% |
| Deferred charges and accrued income | 490/1 | €6,184 | €4,708 | -€1,476 | -23.9% |
| Total equity and liabilities | 10/49 | €217,603 | €237,928 | +€20,325 | +9.3% |
| Equity | 10/15 | -€3,418 | €13,804 | +€17,221 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,331 | €11,119 | +€18,449 | |
| Investment grants | 15 | €1,913 | €685 | -€1,228 | -64.2% |
| Amounts payable | 17/49 | €221,021 | €224,124 | +€3,104 | +1.4% |
| Amounts payable within one year | 42/48 | €221,021 | €222,420 | +€1,400 | +0.6% |
| Trade debts | 44 | €87,623 | €80,651 | -€6,972 | -8.0% |
| Suppliers | 440/4 | €87,623 | €80,651 | -€6,972 | -8.0% |
| Taxes, remuneration and social security | 45 | €20,868 | €33,935 | +€13,067 | +62.6% |
| Taxes | 450/3 | €10,687 | €15,988 | +€5,302 | +49.6% |
| Remuneration and social security | 454/9 | €10,181 | €17,947 | +€7,765 | +76.3% |
| Other amounts payable | 47/48 | €112,530 | €107,834 | -€4,696 | -4.2% |
| Accrued charges and deferred income | 492/3 | - | €1,704 | +€1,704 | |
| Remuneration, social security and pensions | 62 | €67,303 | €80,463 | +€13,159 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,915 | €27,255 | -€659 | -2.4% |
| Other operating charges | 640/8 | €1,119 | €819 | -€300 | -26.8% |
| Gross operating margin | 9900 | €83,448 | €116,114 | +€32,667 | +39.1% |
| Operating profit (loss) | 9901 | -€12,889 | €7,578 | +€20,467 | |
| Financial income | 75/76B | €1,273 | €12,342 | +€11,069 | +870% |
| Recurring financial income | 75 | €1,273 | €12,342 | +€11,069 | +870% |
| Financial charges | 65/66B | €2,152 | €1,331 | -€821 | -38.2% |
| Recurring financial charges | 65 | €2,152 | €1,331 | -€821 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,769 | €18,589 | +€32,357 | |
| Income taxes | 67/77 | €31 | €140 | +€108 | +349% |
| Profit (loss) for the period | 9904 | -€13,800 | €18,449 | +€32,249 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,800 | €18,449 | +€32,249 |
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 23 October 2026 via checked.be.