ASB: 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.
ASB
Largest movements
- Deferred charges and accrued income +€284,414
new in 2025: €284,414
- Cash +€109,053
up €109,053 (+49.9%), from €218,645 to €327,698
mainly Trade debts (+€308,759) and Depreciation (+€90,341)
- Tangible fixed assets -€90,341
down €90,341 (-36.4%), from €248,438 to €158,097
- Trade debts +€308,759
up €308,759 (+398%), from €77,559 to €386,318
- Tax, wage and social debts -€9,538
down €9,538 (-24.2%), from €39,381 to €29,843
- Gross operating margin +€91,140
up €91,140 (+20.0%), from €456,233 to €547,372
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 | €467,083 | €770,210 | +€303,126 | +64.9% |
| Fixed assets | 21/28 | €248,438 | €158,097 | -€90,341 | -36.4% |
| Tangible fixed assets | 22/27 | €248,438 | €158,097 | -€90,341 | -36.4% |
| Leasing and similar rights | 25 | €248,438 | €158,097 | -€90,341 | -36.4% |
| Current assets | 29/58 | €218,645 | €612,113 | +€393,467 | +180% |
| Cash at bank and in hand | 54/58 | €218,645 | €327,698 | +€109,053 | +49.9% |
| Deferred charges and accrued income | 490/1 | - | €284,414 | +€284,414 | |
| Total equity and liabilities | 10/49 | €467,083 | €770,210 | +€303,126 | +64.9% |
| Equity | 10/15 | €3,315 | €7,221 | +€3,906 | +118% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €27,655 | €27,655 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €17,655 | €17,655 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,340 | -€120,434 | +€3,906 | +3.1% |
| Amounts payable | 17/49 | €463,768 | €762,989 | +€299,221 | +64.5% |
| Amounts payable after more than one year | 17 | €346,828 | €346,828 | = | 0.0% |
| Financial debts | 170/4 | €346,828 | €346,828 | = | 0.0% |
| Amounts payable within one year | 42/48 | €116,940 | €416,161 | +€299,221 | +256% |
| Trade debts | 44 | €77,559 | €386,318 | +€308,759 | +398% |
| Suppliers | 440/4 | €77,559 | €386,318 | +€308,759 | +398% |
| Taxes, remuneration and social security | 45 | €39,381 | €29,843 | -€9,538 | -24.2% |
| Taxes | 450/3 | €39,381 | €29,843 | -€9,538 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,341 | €90,341 | = | 0.0% |
| Other operating charges | 640/8 | €451,542 | €452,944 | +€1,402 | +0.3% |
| Gross operating margin | 9900 | €456,233 | €547,372 | +€91,140 | +20.0% |
| Operating profit (loss) | 9901 | -€85,650 | €4,087 | +€89,737 | |
| Financial charges | 65/66B | €2,682 | €181 | -€2,500 | -93.2% |
| Recurring financial charges | 65 | €2,682 | €181 | -€2,500 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | -€88,332 | €3,906 | +€92,238 | |
| Profit (loss) for the period | 9904 | -€88,332 | €3,906 | +€92,238 | |
| Profit (loss) for the period to be appropriated | 9905 | -€88,332 | €3,906 | +€92,238 |
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 29 October 2026 via checked.be.