A.S.V.: 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.V.
Largest movements
- Cash +€85,613
up €85,613 (+23.1%), from €370,850 to €456,464
mainly Depreciation (+€41,151) and Net result for the year (+€37,343)
- Tangible fixed assets -€41,151
down €41,151 (-4.3%), from €955,267 to €914,116
- Reserves +€37,343
up €37,343 (+233.4%), from €16,000 to €53,343
of which Distributable reserves: +€53,343
- Gross operating margin +€8,165
up €8,165 (+7.8%), from €104,301 to €112,465
- Other operating charges +€6,891
up €6,891 (+127.6%), from €5,402 to €12,292
- Taxes +€4,710
up €4,710 (+33.1%), from €14,224 to €18,934
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 | €1,326,117 | €1,370,580 | +€44,462 | +3.4% |
| Fixed assets | 21/28 | €955,267 | €914,116 | -€41,151 | -4.3% |
| Tangible fixed assets | 22/27 | €955,267 | €914,116 | -€41,151 | -4.3% |
| Land and buildings | 22 | €955,267 | €914,116 | -€41,151 | -4.3% |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €370,850 | €456,464 | +€85,613 | +23.1% |
| Cash at bank and in hand | 54/58 | €370,850 | €456,464 | +€85,613 | +23.1% |
| Total equity and liabilities | 10/49 | €1,326,117 | €1,370,580 | +€44,462 | +3.4% |
| Equity | 10/15 | €1,118,043 | €1,155,386 | +€37,343 | +3.3% |
| Contributions | 10/11 | €725,000 | €725,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €53,343 | +€37,343 | +233.4% |
| Non-distributable reserves | 130/1 | €16,000 | - | -€16,000 | |
| Reserves not available under the articles | 1311 | €16,000 | - | -€16,000 | |
| Distributable reserves | 133 | - | €53,343 | +€53,343 | |
| Profit (loss) carried forward | 14 | €377,043 | €377,043 | = | 0.0% |
| Amounts payable | 17/49 | €208,074 | €215,193 | +€7,119 | +3.4% |
| Amounts payable within one year | 42/48 | €208,074 | €215,193 | +€7,119 | +3.4% |
| Trade debts | 44 | - | €4,782 | +€4,782 | |
| Suppliers | 440/4 | - | €4,782 | +€4,782 | |
| Taxes, remuneration and social security | 45 | €3,641 | €2,179 | -€1,462 | -40.2% |
| Taxes | 450/3 | €3,641 | €2,179 | -€1,462 | -40.2% |
| Other amounts payable | 47/48 | €204,433 | €208,233 | +€3,800 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,042 | €41,151 | +€109 | +0.3% |
| Other operating charges | 640/8 | €5,402 | €12,292 | +€6,891 | +127.6% |
| Gross operating margin | 9900 | €104,301 | €112,465 | +€8,165 | +7.8% |
| Operating profit (loss) | 9901 | €57,857 | €59,022 | +€1,165 | +2.0% |
| Financial income | 75/76B | €1,200 | €1,203 | +€3 | +0.3% |
| Recurring financial income | 75 | €1,200 | €1,203 | +€3 | +0.3% |
| Financial charges | 65/66B | €3,800 | €3,949 | +€149 | +3.9% |
| Recurring financial charges | 65 | €3,800 | €3,949 | +€149 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €55,257 | €56,277 | +€1,020 | +1.8% |
| Income taxes | 67/77 | €14,224 | €18,934 | +€4,710 | +33.1% |
| Profit (loss) for the period | 9904 | €41,033 | €37,343 | -€3,690 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,033 | €37,343 | -€3,690 | -9.0% |
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.