AS-EXPERTS: what changed
AS-EXPERTS
Largest movements
- Receivables within one year -€57,218
down €57,218 (-58.0%), from €98,656 to €41,438
of which Other amounts receivable: -€63,100
- Tangible fixed assets -€1,810
down €1,810 (-27.1%), from €6,675 to €4,865
- Cash -€1,746
down €1,746 (-7.9%), from €21,985 to €20,239
mainly Contributions, distributions and other (-€66,850) and Deferred charges and accrued income (-€86)
- Reserves -€66,850
down €66,850 (-56.2%), from €118,910 to €52,060
of which Distributable reserves: -€66,850
- Other debts +€4,092
new in 2025: €4,092
- Gross operating margin -€19,897
down €19,897 (-84.0%), from €23,680 to €3,783
- Taxes -€6,763
down €6,763 (-91.8%), from €7,371 to €608
- Depreciation +€1,267
up €1,267 (+233%), from €543 to €1,810
- Financial charges -€300
down €300 (-70.3%), from €427 to €127
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,803 | €69,115 | -€60,688 | -46.8% |
| Fixed assets | 21/28 | €6,675 | €4,865 | -€1,810 | -27.1% |
| Tangible fixed assets | 22/27 | €6,675 | €4,865 | -€1,810 | -27.1% |
| Furniture and vehicles | 24 | €6,675 | €4,865 | -€1,810 | -27.1% |
| Current assets | 29/58 | €123,128 | €64,250 | -€58,878 | -47.8% |
| Amounts receivable within one year | 40/41 | €98,656 | €41,438 | -€57,218 | -58.0% |
| Trade receivables | 40 | €7,895 | €13,777 | +€5,882 | +74.5% |
| Other amounts receivable | 41 | €90,761 | €27,661 | -€63,100 | -69.5% |
| Cash at bank and in hand | 54/58 | €21,985 | €20,239 | -€1,746 | -7.9% |
| Deferred charges and accrued income | 490/1 | €2,487 | €2,573 | +€86 | +3.5% |
| Total equity and liabilities | 10/49 | €129,803 | €69,115 | -€60,688 | -46.8% |
| Equity | 10/15 | €127,249 | €61,056 | -€66,193 | -52.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €118,910 | €52,060 | -€66,850 | -56.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €117,050 | €50,200 | -€66,850 | -57.1% |
| Profit (loss) carried forward | 14 | €1,339 | €1,996 | +€657 | +49.1% |
| Amounts payable | 17/49 | €2,554 | €8,059 | +€5,505 | +216% |
| Amounts payable within one year | 42/48 | €2,554 | €8,059 | +€5,505 | +216% |
| Trade debts | 44 | €1,786 | €2,356 | +€570 | +31.9% |
| Suppliers | 440/4 | €1,786 | €1,916 | +€130 | +7.3% |
| Bills of exchange payable | 441 | - | €440 | +€440 | |
| Taxes, remuneration and social security | 45 | €768 | €1,611 | +€843 | +110% |
| Taxes | 450/3 | €768 | €1,611 | +€843 | +110% |
| Other amounts payable | 47/48 | - | €4,092 | +€4,092 | |
| Non-recurring operating income | 76A | €414 | - | -€414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €543 | €1,810 | +€1,267 | +233% |
| Other operating charges | 640/8 | €896 | €668 | -€228 | -25.4% |
| Gross operating margin | 9900 | €23,680 | €3,783 | -€19,897 | -84.0% |
| Operating profit (loss) | 9901 | €22,241 | €1,305 | -€20,936 | -94.1% |
| Financial income | 75/76B | €67 | €87 | +€20 | +29.9% |
| Recurring financial income | 75 | €67 | €87 | +€20 | +29.9% |
| Financial charges | 65/66B | €427 | €127 | -€300 | -70.3% |
| Recurring financial charges | 65 | €427 | €127 | -€300 | -70.3% |
| Profit (loss) for the period before taxes | 9903 | €21,881 | €1,265 | -€20,616 | -94.2% |
| Income taxes | 67/77 | €7,371 | €608 | -€6,763 | -91.8% |
| Profit (loss) for the period | 9904 | €14,510 | €657 | -€13,853 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,510 | €657 | -€13,853 | -95.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.