ASA TP: 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 TP
Largest movements
- Cash -€15,075
down €15,075 (-93.5%), from €16,121 to €1,046
mainly Investment in fixed assets (net) (-€17,000) and Other debts (-€15,045)
- Receivables within one year +€14,266
up €14,266 (+364%), from €3,915 to €18,180
of which Other amounts receivable: +€9,225
- Tangible fixed assets +€7,451
up €7,451 (+1.8%), from €416,390 to €423,841
of which Land and buildings: +€7,951
- Deferred charges and accrued income +€4,482
new in 2025: €4,482
- Profit (loss) carried forward +€20,075
up €20,075, from -€13,153 to €6,923
- Other debts -€15,045
down €15,045 (-36.9%), from €40,826 to €25,781
- Trade debts +€14,569
up €14,569 (+737%), from €1,976 to €16,544
- Reserves -€11,527
down €11,527 (-4.2%), from €276,769 to €265,243
of which Tax-exempt reserves: -€11,527
- Accrued charges and deferred income +€6,801
up €6,801 (+1,133%), from €600 to €7,401
- Gross operating margin -€375,014
down €375,014 (-92.5%), from €405,390 to €30,376
- Other operating charges -€6,610
down €6,610 (-29.5%), from €22,409 to €15,799
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 | €436,426 | €447,550 | +€11,124 | +2.5% |
| Fixed assets | 21/28 | €416,390 | €423,841 | +€7,451 | +1.8% |
| Tangible fixed assets | 22/27 | €416,390 | €423,841 | +€7,451 | +1.8% |
| Land and buildings | 22 | €414,928 | €422,879 | +€7,951 | +1.9% |
| Furniture and vehicles | 24 | €1,462 | €962 | -€500 | -34.2% |
| Current assets | 29/58 | €20,036 | €23,709 | +€3,673 | +18.3% |
| Amounts receivable within one year | 40/41 | €3,915 | €18,180 | +€14,266 | +364% |
| Trade receivables | 40 | - | €5,040 | +€5,040 | |
| Other amounts receivable | 41 | €3,915 | €13,140 | +€9,225 | +236% |
| Cash at bank and in hand | 54/58 | €16,121 | €1,046 | -€15,075 | -93.5% |
| Deferred charges and accrued income | 490/1 | - | €4,482 | +€4,482 | |
| Total equity and liabilities | 10/49 | €436,426 | €447,550 | +€11,124 | +2.5% |
| Equity | 10/15 | €300,809 | €309,357 | +€8,548 | +2.8% |
| Contributions | 10/11 | €37,192 | €37,192 | = | 0.0% |
| Reserves | 13 | €276,769 | €265,243 | -€11,527 | -4.2% |
| Tax-exempt reserves | 132 | €276,645 | €265,119 | -€11,527 | -4.2% |
| Distributable reserves | 133 | €124 | €124 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,153 | €6,923 | +€20,075 | |
| Provisions and deferred taxes | 16 | €92,215 | €88,373 | -€3,842 | -4.2% |
| Deferred taxes | 168 | €92,215 | €88,373 | -€3,842 | -4.2% |
| Amounts payable | 17/49 | €43,402 | €49,820 | +€6,418 | +14.8% |
| Amounts payable within one year | 42/48 | €42,802 | €42,419 | -€383 | -0.9% |
| Trade debts | 44 | €1,976 | €16,544 | +€14,569 | +737% |
| Suppliers | 440/4 | €1,976 | €16,544 | +€14,569 | +737% |
| Taxes, remuneration and social security | 45 | - | €94 | +€94 | |
| Taxes | 450/3 | - | €94 | +€94 | |
| Other amounts payable | 47/48 | €40,826 | €25,781 | -€15,045 | -36.9% |
| Accrued charges and deferred income | 492/3 | €600 | €7,401 | +€6,801 | +1,133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,414 | €9,549 | +€3,135 | +48.9% |
| Other operating charges | 640/8 | €22,409 | €15,799 | -€6,610 | -29.5% |
| Gross operating margin | 9900 | €405,390 | €30,376 | -€375,014 | -92.5% |
| Operating profit (loss) | 9901 | €376,568 | €5,028 | -€371,540 | -98.7% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €3,554 | €228 | -€3,326 | -93.6% |
| Recurring financial charges | 65 | €3,554 | €228 | -€3,326 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | €373,024 | €4,800 | -€368,224 | -98.7% |
| Transfer from deferred taxes | 780 | €3,842 | €3,842 | = | 0.0% |
| Transfer to deferred taxes | 680 | €96,057 | - | -€96,057 | |
| Income taxes | 67/77 | -€0 | €94 | +€94 | |
| Profit (loss) for the period | 9904 | €280,809 | €8,548 | -€272,261 | -97.0% |
| Transfer from tax-exempt reserves | 789 | €11,527 | €11,527 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €288,172 | - | -€288,172 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,163 | €20,075 | +€15,912 | +382% |
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 24 October 2026 via checked.be.