AS SUR ANS: 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 SUR ANS
Largest movements
- Tangible fixed assets +€40,047
up €40,047 (+23.1%), from €173,114 to €213,161
of which Furniture and vehicles: +€38,951
- Intangible fixed assets -€23,922
down €23,922 (-11.8%), from €202,804 to €178,882
- Cash +€9,534
up €9,534 (+7.5%), from €126,662 to €136,196
mainly Depreciation (+€52,967) and Net result for the year (+€51,708)
- Reserves +€33,503
up €33,503 (+87.0%), from €38,511 to €72,014
of which Distributable reserves: +€33,503
- Gross operating margin -€12,305
down €12,305 (-6.3%), from €195,406 to €183,101
- Taxes -€9,318
down €9,318 (-31.3%), from €29,742 to €20,423
- Depreciation -€8,708
down €8,708 (-14.1%), from €61,674 to €52,967
- Staff costs +€6,274
up €6,274 (+13.7%), from €45,875 to €52,149
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 | €507,303 | €532,595 | +€25,292 | +5.0% |
| Fixed assets | 21/28 | €375,918 | €392,043 | +€16,125 | +4.3% |
| Intangible fixed assets | 21 | €202,804 | €178,882 | -€23,922 | -11.8% |
| Tangible fixed assets | 22/27 | €173,114 | €213,161 | +€40,047 | +23.1% |
| Land and buildings | 22 | €116,496 | €114,018 | -€2,478 | -2.1% |
| Plant, machinery and equipment | 23 | €675 | €4,920 | +€4,245 | +629% |
| Furniture and vehicles | 24 | €50,734 | €89,685 | +€38,951 | +76.8% |
| Other tangible fixed assets | 26 | €5,208 | €4,537 | -€671 | -12.9% |
| Current assets | 29/58 | €131,385 | €140,553 | +€9,167 | +7.0% |
| Amounts receivable within one year | 40/41 | €2,265 | €4,356 | +€2,091 | +92.3% |
| Trade receivables | 40 | €1,585 | €783 | -€802 | -50.6% |
| Other amounts receivable | 41 | €680 | €3,573 | +€2,893 | +425% |
| Cash at bank and in hand | 54/58 | €126,662 | €136,196 | +€9,534 | +7.5% |
| Deferred charges and accrued income | 490/1 | €2,457 | - | -€2,457 | |
| Total equity and liabilities | 10/49 | €507,303 | €532,595 | +€25,292 | +5.0% |
| Equity | 10/15 | €101,222 | €134,725 | +€33,503 | +33.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €38,511 | €72,014 | +€33,503 | +87.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €32,261 | €65,764 | +€33,503 | +104% |
| Profit (loss) carried forward | 14 | €211 | €211 | = | 0.0% |
| Amounts payable | 17/49 | €406,081 | €397,870 | -€8,211 | -2.0% |
| Amounts payable after more than one year | 17 | €301,835 | €296,760 | -€5,074 | -1.7% |
| Financial debts | 170/4 | €301,835 | €296,760 | -€5,074 | -1.7% |
| Amounts payable within one year | 42/48 | €104,246 | €101,110 | -€3,136 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €46,901 | €42,853 | -€4,049 | -8.6% |
| Trade debts | 44 | - | €4,750 | +€4,750 | |
| Suppliers | 440/4 | - | €4,750 | +€4,750 | |
| Taxes, remuneration and social security | 45 | €27,553 | €22,447 | -€5,106 | -18.5% |
| Taxes | 450/3 | €20,622 | €14,833 | -€5,789 | -28.1% |
| Remuneration and social security | 454/9 | €6,931 | €7,614 | +€683 | +9.9% |
| Other amounts payable | 47/48 | €29,792 | €31,061 | +€1,268 | +4.3% |
| Remuneration, social security and pensions | 62 | €45,875 | €52,149 | +€6,274 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,674 | €52,967 | -€8,708 | -14.1% |
| Other operating charges | 640/8 | €4,562 | €3,045 | -€1,517 | -33.2% |
| Gross operating margin | 9900 | €195,406 | €183,101 | -€12,305 | -6.3% |
| Operating profit (loss) | 9901 | €83,295 | €74,940 | -€8,354 | -10.0% |
| Financial income | 75/76B | €867 | €1,455 | +€588 | +67.7% |
| Recurring financial income | 75 | €867 | €1,455 | +€588 | +67.7% |
| Financial charges | 65/66B | €4,674 | €4,264 | -€410 | -8.8% |
| Recurring financial charges | 65 | €4,674 | €4,264 | -€410 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €79,488 | €72,131 | -€7,357 | -9.3% |
| Income taxes | 67/77 | €29,742 | €20,423 | -€9,318 | -31.3% |
| Profit (loss) for the period | 9904 | €49,747 | €51,708 | +€1,961 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,747 | €51,708 | +€1,961 | +3.9% |
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 13 October 2026 via checked.be.