AS TECHNOLOGIES: 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 TECHNOLOGIES
Largest movements
- Intangible fixed assets +€125,366
up €125,366 (+3,393%), from €3,695 to €129,061
- Cash +€22,354
up €22,354 (+115%), from €19,442 to €41,797
mainly Debts after one year (+€111,098) and Current portion of long-term debt (+€18,429)
- Current investments -€10,433
no longer reported in 2025 (was €10,433)
- Debts after one year +€111,098
new in 2025: €111,098
- Current portion of long-term debt +€18,429
new in 2025: €18,429
- Profit (loss) carried forward +€13,176
up €13,176 (+83.8%), from €15,725 to €28,901
- Other debts -€4,955
down €4,955 (-37.7%), from €13,147 to €8,191
- Gross operating margin +€29,924
up €29,924 (+54.9%), from €54,509 to €84,433
- Depreciation +€14,056
up €14,056 (+709%), from €1,982 to €16,038
- Financial charges +€4,177
up €4,177 (+5,964%), from €70 to €4,247
of which Financial charges: +€3,068
- Other operating charges -€1,740
down €1,740 (-57.5%), from €3,023 to €1,283
- Financial income -€1,399
no longer reported in 2025 (was €1,399)
of which Non-recurring financial income: -€1,389
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 | €48,675 | €187,909 | +€139,233 | +286% |
| Fixed assets | 21/28 | €7,152 | €132,798 | +€125,645 | +1,757% |
| Intangible fixed assets | 21 | €3,695 | €129,061 | +€125,366 | +3,393% |
| Tangible fixed assets | 22/27 | €3,457 | €3,737 | +€280 | +8.1% |
| Land and buildings | 22 | €1,502 | €1,314 | -€188 | -12.5% |
| Plant, machinery and equipment | 23 | €1,419 | €969 | -€451 | -31.7% |
| Furniture and vehicles | 24 | €536 | €1,455 | +€919 | +171% |
| Current assets | 29/58 | €41,523 | €55,111 | +€13,588 | +32.7% |
| Amounts receivable within one year | 40/41 | €11,586 | €13,204 | +€1,619 | +14.0% |
| Trade receivables | 40 | €10,880 | €10,262 | -€618 | -5.7% |
| Other amounts receivable | 41 | €705 | €2,942 | +€2,237 | +317% |
| Current investments | 50/53 | €10,433 | - | -€10,433 | |
| Cash at bank and in hand | 54/58 | €19,442 | €41,797 | +€22,354 | +115% |
| Deferred charges and accrued income | 490/1 | €62 | €110 | +€48 | +77.3% |
| Total equity and liabilities | 10/49 | €48,675 | €187,909 | +€139,233 | +286% |
| Equity | 10/15 | €26,725 | €39,901 | +€13,176 | +49.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,725 | €28,901 | +€13,176 | +83.8% |
| Amounts payable | 17/49 | €21,950 | €148,008 | +€126,058 | +574% |
| Amounts payable after more than one year | 17 | - | €111,098 | +€111,098 | |
| Financial debts | 170/4 | - | €111,098 | +€111,098 | |
| Amounts payable within one year | 42/48 | €21,950 | €36,910 | +€14,960 | +68.2% |
| Current portion of amounts payable after more than one year | 42 | - | €18,429 | +€18,429 | |
| Trade debts | 44 | €917 | €1,921 | +€1,004 | +109% |
| Suppliers | 440/4 | €917 | €1,921 | +€1,004 | +109% |
| Taxes, remuneration and social security | 45 | €7,886 | €8,369 | +€482 | +6.1% |
| Taxes | 450/3 | €1,396 | €1,914 | +€517 | +37.0% |
| Remuneration and social security | 454/9 | €6,490 | €6,455 | -€35 | -0.5% |
| Other amounts payable | 47/48 | €13,147 | €8,191 | -€4,955 | -37.7% |
| Remuneration, social security and pensions | 62 | €48,423 | €48,716 | +€293 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,982 | €16,038 | +€14,056 | +709% |
| Other operating charges | 640/8 | €3,023 | €1,283 | -€1,740 | -57.5% |
| Gross operating margin | 9900 | €54,509 | €84,433 | +€29,924 | +54.9% |
| Operating profit (loss) | 9901 | €1,082 | €18,396 | +€17,314 | +1,600% |
| Financial income | 75/76B | €1,399 | - | -€1,399 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Non-recurring financial income | 76B | €1,389 | - | -€1,389 | |
| Financial charges | 65/66B | €70 | €4,247 | +€4,177 | +5,964% |
| Recurring financial charges | 65 | €70 | €3,138 | +€3,068 | +4,380% |
| Non-recurring financial charges | 66B | - | €1,109 | +€1,109 | |
| Profit (loss) for the period before taxes | 9903 | €2,411 | €14,148 | +€11,737 | +487% |
| Income taxes | 67/77 | €671 | €973 | +€301 | +44.9% |
| Profit (loss) for the period | 9904 | €1,740 | €13,176 | +€11,436 | +657% |
| Profit (loss) for the period to be appropriated | 9905 | €1,740 | €13,176 | +€11,436 | +657% |
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 25 October 2026 via checked.be.