ASAP: 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.
ASAP
Largest movements
- Cash +€284,729
up €284,729 (+119%), from €239,990 to €524,719
mainly Other debts (+€643,860) and Net result for the year (+€196,412)
- Current investments -€190,859
down €190,859 (-97.8%), from €195,238 to €4,379
- Receivables within one year +€159,528
up €159,528 (+46.6%), from €342,358 to €501,886
of which Trade receivables: +€199,750
- Tangible fixed assets -€52,391
down €52,391 (-23.7%), from €221,183 to €168,792
of which Furniture and vehicles: -€34,674
- Other debts +€643,860
up €643,860 (+24,460%), from €2,632 to €646,492
- Profit (loss) carried forward -€446,150
no longer reported in 2025 (was €446,150)
- Tax, wage and social debts +€32,722
up €32,722 (+96.2%), from €34,003 to €66,726
of which Remuneration and social security: +€22,809
- Trade debts -€27,774
down €27,774 (-20.7%), from €134,436 to €106,662
- Gross operating margin +€215,496
up €215,496 (+46.4%), from €464,641 to €680,137
- Staff costs +€155,805
up €155,805 (+142%), from €109,967 to €265,772
- Other operating charges +€48,114
up €48,114 (+271%), from €17,725 to €65,838
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,009,808 | €1,211,416 | +€201,608 | +20.0% |
| Fixed assets | 21/28 | €228,767 | €176,376 | -€52,391 | -22.9% |
| Tangible fixed assets | 22/27 | €221,183 | €168,792 | -€52,391 | -23.7% |
| Plant, machinery and equipment | 23 | €9,851 | €5,655 | -€4,196 | -42.6% |
| Furniture and vehicles | 24 | €144,259 | €109,585 | -€34,674 | -24.0% |
| Other tangible fixed assets | 26 | €67,073 | €53,551 | -€13,522 | -20.2% |
| Financial fixed assets | 28 | €7,584 | €7,584 | = | 0.0% |
| Current assets | 29/58 | €781,041 | €1,035,040 | +€253,999 | +32.5% |
| Stocks and contracts in progress | 3 | €3,455 | €4,055 | +€600 | +17.4% |
| Stocks | 30/36 | €3,455 | €4,055 | +€600 | +17.4% |
| Amounts receivable within one year | 40/41 | €342,358 | €501,886 | +€159,528 | +46.6% |
| Trade receivables | 40 | €290,272 | €490,022 | +€199,750 | +68.8% |
| Other amounts receivable | 41 | €52,086 | €11,865 | -€40,222 | -77.2% |
| Current investments | 50/53 | €195,238 | €4,379 | -€190,859 | -97.8% |
| Cash at bank and in hand | 54/58 | €239,990 | €524,719 | +€284,729 | +119% |
| Total equity and liabilities | 10/49 | €1,009,808 | €1,211,416 | +€201,608 | +20.0% |
| Equity | 10/15 | €822,107 | €375,117 | -€446,990 | -54.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €352,977 | €352,977 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,536 | €44,536 | = | 0.0% |
| Distributable reserves | 133 | €308,441 | €308,441 | = | 0.0% |
| Profit (loss) carried forward | 14 | €446,150 | - | -€446,150 | |
| Investment grants | 15 | €2,520 | €1,680 | -€840 | -33.3% |
| Provisions and deferred taxes | 16 | €630 | €420 | -€210 | -33.3% |
| Deferred taxes | 168 | €630 | €420 | -€210 | -33.3% |
| Amounts payable | 17/49 | €187,072 | €835,879 | +€648,808 | +347% |
| Amounts payable after more than one year | 17 | €16,000 | €16,000 | = | 0.0% |
| Financial debts | 170/4 | €16,000 | €16,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €171,072 | €819,879 | +€648,808 | +379% |
| Trade debts | 44 | €134,436 | €106,662 | -€27,774 | -20.7% |
| Suppliers | 440/4 | €134,436 | €106,662 | -€27,774 | -20.7% |
| Taxes, remuneration and social security | 45 | €34,003 | €66,726 | +€32,722 | +96.2% |
| Taxes | 450/3 | €15,387 | €25,300 | +€9,913 | +64.4% |
| Remuneration and social security | 454/9 | €18,616 | €41,426 | +€22,809 | +123% |
| Other amounts payable | 47/48 | €2,632 | €646,492 | +€643,860 | +24,460% |
| Remuneration, social security and pensions | 62 | €109,967 | €265,772 | +€155,805 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,628 | €67,964 | +€3,335 | +5.2% |
| Other operating charges | 640/8 | €17,725 | €65,838 | +€48,114 | +271% |
| Gross operating margin | 9900 | €464,641 | €680,137 | +€215,496 | +46.4% |
| Operating profit (loss) | 9901 | €272,321 | €280,562 | +€8,241 | +3.0% |
| Financial income | 75/76B | €2,802 | €8,567 | +€5,765 | +206% |
| Recurring financial income | 75 | €2,802 | €8,567 | +€5,765 | +206% |
| Financial charges | 65/66B | €16,631 | €20,033 | +€3,402 | +20.5% |
| Recurring financial charges | 65 | €16,631 | €20,033 | +€3,402 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €258,492 | €269,096 | +€10,604 | +4.1% |
| Transfer from deferred taxes | 780 | €210 | €210 | = | 0.0% |
| Income taxes | 67/77 | €70,314 | €72,894 | +€2,580 | +3.7% |
| Profit (loss) for the period | 9904 | €188,388 | €196,412 | +€8,024 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €188,388 | €196,412 | +€8,024 | +4.3% |
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 18 October 2026 via checked.be.