AS TEC: 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 TEC
Largest movements
- Cash +€26,746
up €26,746 (+392.9%), from €6,807 to €33,553
mainly Net result for the year (+€30,962) and Tax, wage and social debts (+€11,258)
- Receivables within one year +€6,491
up €6,491 (+77.7%), from €8,355 to €14,847
of which Trade receivables: +€6,557
- Tangible fixed assets +€643
new in 2025: €643
- Profit (loss) carried forward +€29,296
up €29,296 (+709.4%), from €4,130 to €33,426
- Tax, wage and social debts +€11,258
up €11,258 (+403.1%), from €2,793 to €14,051
- Trade debts -€3,827
no longer reported in 2025 (was €3,827)
- Other debts -€3,077
down €3,077 (-63.9%), from €4,812 to €1,736
- Gross operating margin +€34,135
up €34,135 (+543.1%), from €6,285 to €40,420
- Taxes +€7,041
up €7,041 (+557.2%), from €1,264 to €8,305
- Financial charges +€565
up €565 (+2924.8%), from €19 to €585
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 | €15,662 | €49,313 | +€33,651 | +214.9% |
| Fixed assets | 21/28 | €500 | €913 | +€413 | +82.7% |
| Tangible fixed assets | 22/27 | - | €643 | +€643 | |
| Furniture and vehicles | 24 | - | €643 | +€643 | |
| Financial fixed assets | 28 | €500 | €270 | -€230 | -46.0% |
| Current assets | 29/58 | €15,162 | €48,400 | +€33,237 | +219.2% |
| Amounts receivable within one year | 40/41 | €8,355 | €14,847 | +€6,491 | +77.7% |
| Trade receivables | 40 | €8,290 | €14,847 | +€6,557 | +79.1% |
| Other amounts receivable | 41 | €66 | - | -€66 | |
| Cash at bank and in hand | 54/58 | €6,807 | €33,553 | +€26,746 | +392.9% |
| Total equity and liabilities | 10/49 | €15,662 | €49,313 | +€33,651 | +214.9% |
| Equity | 10/15 | €4,230 | €33,526 | +€29,296 | +692.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Outside capital | 11 | €100 | €100 | = | 0.0% |
| Other | 1109/19 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,130 | €33,426 | +€29,296 | +709.4% |
| Amounts payable | 17/49 | €11,432 | €15,787 | +€4,354 | +38.1% |
| Amounts payable within one year | 42/48 | €11,432 | €15,787 | +€4,354 | +38.1% |
| Trade debts | 44 | €3,827 | - | -€3,827 | |
| Suppliers | 440/4 | €3,827 | - | -€3,827 | |
| Taxes, remuneration and social security | 45 | €2,793 | €14,051 | +€11,258 | +403.1% |
| Taxes | 450/3 | €2,793 | €14,051 | +€11,258 | +403.1% |
| Other amounts payable | 47/48 | €4,812 | €1,736 | -€3,077 | -63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €69 | +€69 | |
| Other operating charges | 640/8 | €872 | €498 | -€373 | -42.8% |
| Gross operating margin | 9900 | €6,285 | €40,420 | +€34,135 | +543.1% |
| Operating profit (loss) | 9901 | €5,413 | €39,852 | +€34,439 | +636.2% |
| Financial charges | 65/66B | €19 | €585 | +€565 | +2924.8% |
| Recurring financial charges | 65 | €19 | €585 | +€565 | +2924.8% |
| Profit (loss) for the period before taxes | 9903 | €5,394 | €39,268 | +€33,874 | +628.0% |
| Income taxes | 67/77 | €1,264 | €8,305 | +€7,041 | +557.2% |
| Profit (loss) for the period | 9904 | €4,130 | €30,962 | +€26,832 | +649.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,130 | €30,962 | +€26,832 | +649.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.