ASA.P: 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.
ASA.P
Largest movements
- Receivables within one year +€15,756
up €15,756 (+150%), from €10,506 to €26,262
of which Other amounts receivable: +€14,755
- Cash +€3,558
up €3,558 (+23.6%), from €15,056 to €18,614
mainly Other debts (+€53,561) and Net result for the year (+€28,537)
- Tangible fixed assets +€2,654
up €2,654 (+203%), from €1,306 to €3,959
- Other debts +€53,561
up €53,561 (+3,355%), from €1,597 to €55,158
- Reserves -€26,620
down €26,620 (-29.3%), from €90,895 to €64,275
- Debts after one year -€4,772
down €4,772 (-13.2%), from €36,203 to €31,431
- Gross operating margin +€1,044
up €1,044 (+4.0%), from €25,856 to €26,900
- Financial income +€500
up €500 (+4.5%), from €11,000 to €11,500
- Depreciation +€454
up €454 (+1,379%), from €33 to €487
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 | €141,059 | €162,886 | +€21,827 | +15.5% |
| Fixed assets | 21/28 | €114,020 | €116,673 | +€2,654 | +2.3% |
| Tangible fixed assets | 22/27 | €1,306 | €3,959 | +€2,654 | +203% |
| Furniture and vehicles | 24 | €1,306 | €3,959 | +€2,654 | +203% |
| Financial fixed assets | 28 | €112,714 | €112,714 | = | 0.0% |
| Current assets | 29/58 | €27,040 | €46,213 | +€19,173 | +70.9% |
| Amounts receivable within one year | 40/41 | €10,506 | €26,262 | +€15,756 | +150% |
| Trade receivables | 40 | €6,127 | €7,127 | +€1,001 | +16.3% |
| Other amounts receivable | 41 | €4,379 | €19,134 | +€14,755 | +337% |
| Cash at bank and in hand | 54/58 | €15,056 | €18,614 | +€3,558 | +23.6% |
| Deferred charges and accrued income | 490/1 | €1,478 | €1,337 | -€140 | -9.5% |
| Total equity and liabilities | 10/49 | €141,059 | €162,886 | +€21,827 | +15.5% |
| Equity | 10/15 | €91,895 | €65,275 | -€26,620 | -29.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €90,895 | €64,275 | -€26,620 | -29.3% |
| Distributable reserves | 133 | €90,895 | €64,275 | -€26,620 | -29.3% |
| Amounts payable | 17/49 | €49,164 | €97,612 | +€48,448 | +98.5% |
| Amounts payable after more than one year | 17 | €36,203 | €31,431 | -€4,772 | -13.2% |
| Financial debts | 170/4 | €36,203 | €31,431 | -€4,772 | -13.2% |
| Amounts payable within one year | 42/48 | €12,962 | €66,181 | +€53,219 | +411% |
| Current portion of amounts payable after more than one year | 42 | €4,655 | €4,772 | +€117 | +2.5% |
| Trade debts | 44 | €1,859 | €1,146 | -€713 | -38.3% |
| Suppliers | 440/4 | €1,859 | €1,146 | -€713 | -38.3% |
| Taxes, remuneration and social security | 45 | €4,851 | €5,105 | +€254 | +5.2% |
| Taxes | 450/3 | €4,851 | €5,105 | +€254 | +5.2% |
| Other amounts payable | 47/48 | €1,597 | €55,158 | +€53,561 | +3,355% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33 | €487 | +€454 | +1,379% |
| Gross operating margin | 9900 | €25,856 | €26,900 | +€1,044 | +4.0% |
| Operating profit (loss) | 9901 | €25,823 | €26,413 | +€590 | +2.3% |
| Financial income | 75/76B | €11,000 | €11,500 | +€500 | +4.5% |
| Recurring financial income | 75 | €11,000 | €11,500 | +€500 | +4.5% |
| Financial charges | 65/66B | €3,114 | €2,926 | -€188 | -6.0% |
| Recurring financial charges | 65 | €3,114 | €2,926 | -€188 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €33,709 | €34,987 | +€1,278 | +3.8% |
| Income taxes | 67/77 | €6,230 | €6,450 | +€220 | +3.5% |
| Profit (loss) for the period | 9904 | €27,479 | €28,537 | +€1,058 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,479 | €28,537 | +€1,058 | +3.8% |
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 19 October 2026 via checked.be.