AS GROUP: what changed
Two fiscal 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 GROUP
Largest movements
- Stocks and contracts +€117,465
up €117,465 (+137.0%), from €85,751 to €203,216
- Receivables within one year -€3,688
down €3,688 (-80.2%), from €4,600 to €912
of which Trade receivables: -€4,600
- Reserves +€43,142
up €43,142 (+205.6%), from €20,982 to €64,124
- Other debts +€37,960
up €37,960 (+81.1%), from €46,780 to €84,740
- Tax, wage and social debts +€19,285
up €19,285 (+191.3%), from €10,080 to €29,365
- Trade debts +€13,013
up €13,013 (+155.8%), from €8,352 to €21,365
- Gross operating margin +€28,913
up €28,913 (+105.4%), from €27,429 to €56,343
- Taxes +€5,552
up €5,552 (+105.8%), from €5,246 to €10,797
- Other operating charges +€600
new in 2024: €600
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.
Cash bridge derived
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 | €96,194 | €209,594 | +€113,400 | +117.9% |
| Fixed assets | 21/28 | €930 | €1,654 | +€724 | +77.8% |
| Tangible fixed assets | 22/27 | €930 | €1,654 | +€724 | +77.8% |
| Plant, machinery and equipment | 23 | €930 | €1,654 | +€724 | +77.8% |
| Current assets | 29/58 | €95,264 | €207,940 | +€112,676 | +118.3% |
| Stocks and contracts in progress | 3 | €85,751 | €203,216 | +€117,465 | +137.0% |
| Stocks | 30/36 | €85,751 | €203,216 | +€117,465 | +137.0% |
| Amounts receivable within one year | 40/41 | €4,600 | €912 | -€3,688 | -80.2% |
| Trade receivables | 40 | €4,600 | - | -€4,600 | |
| Other amounts receivable | 41 | - | €912 | +€912 | |
| Cash at bank and in hand | 54/58 | €4,651 | €3,812 | -€839 | -18.0% |
| Deferred charges and accrued income | 490/1 | €262 | - | -€262 | |
| Total equity and liabilities | 10/49 | €96,194 | €209,594 | +€113,400 | +117.9% |
| Equity | 10/15 | €30,982 | €74,124 | +€43,142 | +139.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €20,982 | €64,124 | +€43,142 | +205.6% |
| Distributable reserves | 133 | €20,982 | €64,124 | +€43,142 | +205.6% |
| Amounts payable | 17/49 | €65,212 | €135,470 | +€70,258 | +107.7% |
| Amounts payable within one year | 42/48 | €65,212 | €135,470 | +€70,258 | +107.7% |
| Trade debts | 44 | €8,352 | €21,365 | +€13,013 | +155.8% |
| Suppliers | 440/4 | €8,352 | €21,365 | +€13,013 | +155.8% |
| Taxes, remuneration and social security | 45 | €10,080 | €29,365 | +€19,285 | +191.3% |
| Taxes | 450/3 | €10,080 | €29,365 | +€19,285 | +191.3% |
| Other amounts payable | 47/48 | €46,780 | €84,740 | +€37,960 | +81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89 | €645 | +€556 | +621.8% |
| Other operating charges | 640/8 | - | €600 | +€600 | |
| Gross operating margin | 9900 | €27,429 | €56,343 | +€28,913 | +105.4% |
| Operating profit (loss) | 9901 | €27,340 | €55,097 | +€27,757 | +101.5% |
| Financial income | 75/76B | €0 | €121 | +€121 | +1213800.0% |
| Recurring financial income | 75 | €0 | €121 | +€121 | +1213800.0% |
| Financial charges | 65/66B | €1,112 | €1,280 | +€167 | +15.0% |
| Recurring financial charges | 65 | €1,112 | €1,280 | +€167 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €26,228 | €53,939 | +€27,711 | +105.7% |
| Income taxes | 67/77 | €5,246 | €10,797 | +€5,552 | +105.8% |
| Profit (loss) for the period | 9904 | €20,982 | €43,142 | +€22,160 | +105.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,982 | €43,142 | +€22,160 | +105.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.