AS@TECH: 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@TECH
Largest movements
- Receivables after one year -€90,113
down €90,113 (-68.3%), from €132,000 to €41,887
- Tangible fixed assets +€33,645
up €33,645 (+290%), from €11,588 to €45,234
- Receivables within one year +€14,048
up €14,048 (+29.9%), from €47,055 to €61,103
of which Other amounts receivable: +€7,031
- Cash -€6,844
down €6,844 (-20.1%), from €34,028 to €27,184
mainly Contributions, distributions and other (-€95,751) and Investment in fixed assets (net) (-€44,872)
- Reserves -€83,201
down €83,201 (-44.4%), from €187,374 to €104,174
- Debts after one year +€22,159
up €22,159 (+1,151%), from €1,926 to €24,085
- Current portion of long-term debt +€5,981
up €5,981 (+105%), from €5,693 to €11,675
- Tax, wage and social debts +€4,705
up €4,705 (+24.5%), from €19,197 to €23,902
of which Taxes: +€4,705
- Gross operating margin -€39,331
down €39,331 (-53.1%), from €74,084 to €34,753
- Taxes -€11,230
down €11,230 (-66.8%), from €16,804 to €5,574
- Depreciation +€9,488
up €9,488 (+546%), from €1,739 to €11,227
- Other operating charges -€874
down €874 (-54.4%), from €1,606 to €732
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 | €225,017 | €175,632 | -€49,385 | -21.9% |
| Fixed assets | 21/28 | €11,588 | €45,234 | +€33,645 | +290% |
| Tangible fixed assets | 22/27 | €11,588 | €45,234 | +€33,645 | +290% |
| Furniture and vehicles | 24 | €11,588 | €45,234 | +€33,645 | +290% |
| Current assets | 29/58 | €213,429 | €130,399 | -€83,030 | -38.9% |
| Amounts receivable after more than one year | 29 | €132,000 | €41,887 | -€90,113 | -68.3% |
| Other amounts receivable | 291 | €132,000 | €41,887 | -€90,113 | -68.3% |
| Amounts receivable within one year | 40/41 | €47,055 | €61,103 | +€14,048 | +29.9% |
| Trade receivables | 40 | €45,016 | €52,033 | +€7,017 | +15.6% |
| Other amounts receivable | 41 | €2,038 | €9,070 | +€7,031 | +345% |
| Cash at bank and in hand | 54/58 | €34,028 | €27,184 | -€6,844 | -20.1% |
| Deferred charges and accrued income | 490/1 | €346 | €224 | -€122 | -35.2% |
| Total equity and liabilities | 10/49 | €225,017 | €175,632 | -€49,385 | -21.9% |
| Equity | 10/15 | €190,374 | €107,174 | -€83,201 | -43.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €187,374 | €104,174 | -€83,201 | -44.4% |
| Distributable reserves | 133 | €187,374 | €104,174 | -€83,201 | -44.4% |
| Amounts payable | 17/49 | €34,643 | €68,458 | +€33,815 | +97.6% |
| Amounts payable after more than one year | 17 | €1,926 | €24,085 | +€22,159 | +1,151% |
| Financial debts | 170/4 | €1,926 | €24,085 | +€22,159 | +1,151% |
| Amounts payable within one year | 42/48 | €32,717 | €43,749 | +€11,031 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €5,693 | €11,675 | +€5,981 | +105% |
| Trade debts | 44 | €7,827 | €8,172 | +€345 | +4.4% |
| Suppliers | 440/4 | €7,827 | €8,172 | +€345 | +4.4% |
| Taxes, remuneration and social security | 45 | €19,197 | €23,902 | +€4,705 | +24.5% |
| Taxes | 450/3 | €15,697 | €20,402 | +€4,705 | +30.0% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €625 | +€625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,739 | €11,227 | +€9,488 | +546% |
| Other operating charges | 640/8 | €1,606 | €732 | -€874 | -54.4% |
| Gross operating margin | 9900 | €74,084 | €34,753 | -€39,331 | -53.1% |
| Operating profit (loss) | 9901 | €70,739 | €22,793 | -€47,945 | -67.8% |
| Financial charges | 65/66B | €4,138 | €4,668 | +€530 | +12.8% |
| Recurring financial charges | 65 | €4,138 | €4,668 | +€530 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €66,600 | €18,125 | -€48,475 | -72.8% |
| Income taxes | 67/77 | €16,804 | €5,574 | -€11,230 | -66.8% |
| Profit (loss) for the period | 9904 | €49,796 | €12,551 | -€37,246 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,796 | €12,551 | -€37,246 | -74.8% |
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.