AS.EL: 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.
AS.EL
Largest movements
- Receivables within one year +€51,450
up €51,450 (+68.6%), from €74,970 to €126,420
of which Trade receivables: +€50,829
- Cash -€3,688
down €3,688 (-54.5%), from €6,764 to €3,076
mainly Receivables within one year (-€51,450) and Other debts (-€181)
- Trade debts +€46,383
up €46,383 (+333%), from €13,937 to €60,320
- Purchases and services +€17,572
up €17,572 (+29.3%), from €60,025 to €77,598
- Turnover +€15,789
up €15,789 (+24.4%), from €64,837 to €80,627
- Gross operating margin -€1,783
down €1,783 (-37.1%), from €4,812 to €3,029
- Other operating charges +€869
up €869 (+59.9%), from €1,450 to €2,319
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,523 | €129,914 | +€47,391 | +57.4% |
| Fixed assets | 21/28 | €789 | €419 | -€371 | -47.0% |
| Tangible fixed assets | 22/27 | €789 | €419 | -€371 | -47.0% |
| Plant, machinery and equipment | 23 | €789 | €419 | -€371 | -47.0% |
| Current assets | 29/58 | €81,734 | €129,495 | +€47,762 | +58.4% |
| Amounts receivable within one year | 40/41 | €74,970 | €126,420 | +€51,450 | +68.6% |
| Trade receivables | 40 | €71,104 | €121,933 | +€50,829 | +71.5% |
| Other amounts receivable | 41 | €3,866 | €4,487 | +€621 | +16.1% |
| Cash at bank and in hand | 54/58 | €6,764 | €3,076 | -€3,688 | -54.5% |
| Total equity and liabilities | 10/49 | €82,523 | €129,914 | +€47,391 | +57.4% |
| Equity | 10/15 | €67,922 | €68,094 | +€172 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €47,462 | €47,634 | +€172 | +0.4% |
| Amounts payable | 17/49 | €14,601 | €61,820 | +€47,219 | +323% |
| Amounts payable within one year | 42/48 | €14,601 | €61,820 | +€47,219 | +323% |
| Trade debts | 44 | €13,937 | €60,320 | +€46,383 | +333% |
| Suppliers | 440/4 | €13,937 | €60,320 | +€46,383 | +333% |
| Taxes, remuneration and social security | 45 | €483 | €1,499 | +€1,017 | +211% |
| Taxes | 450/3 | €483 | €1,499 | +€1,017 | +211% |
| Other amounts payable | 47/48 | €181 | - | -€181 | |
| Turnover | 70 | €64,837 | €80,627 | +€15,789 | +24.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €60,025 | €77,598 | +€17,572 | +29.3% |
| Remuneration, social security and pensions | 62 | €482 | - | -€482 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €323 | €371 | +€48 | +14.8% |
| Other operating charges | 640/8 | €1,450 | €2,319 | +€869 | +59.9% |
| Gross operating margin | 9900 | €4,812 | €3,029 | -€1,783 | -37.1% |
| Operating profit (loss) | 9901 | €2,557 | €339 | -€2,218 | -86.8% |
| Financial charges | 65/66B | €144 | €104 | -€40 | -27.8% |
| Recurring financial charges | 65 | €144 | €104 | -€40 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €2,413 | €235 | -€2,178 | -90.3% |
| Income taxes | 67/77 | €483 | €63 | -€420 | -87.0% |
| Profit (loss) for the period | 9904 | €1,930 | €172 | -€1,759 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,930 | €172 | -€1,759 | -91.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.