ASB: what changed
Two fiscal 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
- Receivables within one year +€18,414
up €18,414 (+2.6%), from €712,218 to €730,632
of which Trade receivables: +€17,875
- Tax, wage and social debts -€64,111
down €64,111 (-62.2%), from €103,098 to €38,987
of which Taxes: -€63,211
- Trade debts +€56,960
up €56,960 (+14.2%), from €400,200 to €457,160
- Profit (loss) carried forward +€19,536
up €19,536 (+9.4%), from €208,732 to €228,268
- Staff costs -€36,249
down €36,249 (-64.3%), from €56,348 to €20,099
- Gross operating margin -€27,067
down €27,067 (-26.6%), from €101,594 to €74,527
- Taxes +€4,449
up €4,449 (+33.7%), from €13,215 to €17,663
- Depreciation -€2,891
down €2,891 (-40.1%), from €7,207 to €4,316
- Other operating charges +€1,616
up €1,616 (+23.4%), from €6,893 to €8,509
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €718,998 | €731,658 | +€12,661 | +1.8% |
| Fixed assets | 21/28 | €4,645 | €328 | -€4,316 | -92.9% |
| Tangible fixed assets | 22/27 | €4,645 | €328 | -€4,316 | -92.9% |
| Plant, machinery and equipment | 23 | €938 | €328 | -€610 | -65.0% |
| Furniture and vehicles | 24 | €683 | - | -€683 | |
| Leasing and similar rights | 25 | €3,024 | - | -€3,024 | |
| Current assets | 29/58 | €714,353 | €731,330 | +€16,977 | +2.4% |
| Amounts receivable within one year | 40/41 | €712,218 | €730,632 | +€18,414 | +2.6% |
| Trade receivables | 40 | €382,906 | €400,781 | +€17,875 | +4.7% |
| Other amounts receivable | 41 | €329,312 | €329,851 | +€540 | +0.2% |
| Deferred charges and accrued income | 490/1 | €2,135 | €698 | -€1,438 | -67.3% |
| Total equity and liabilities | 10/49 | €718,998 | €731,658 | +€12,661 | +1.8% |
| Equity | 10/15 | €210,232 | €229,768 | +€19,536 | +9.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,732 | €228,268 | +€19,536 | +9.4% |
| Amounts payable | 17/49 | €508,765 | €501,890 | -€6,876 | -1.4% |
| Amounts payable within one year | 42/48 | €508,765 | €501,890 | -€6,876 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €2,775 | - | -€2,775 | |
| Financial debts | 43 | €1,792 | €4,842 | +€3,051 | +170.2% |
| Credit institutions | 430/8 | €1,792 | €4,842 | +€3,051 | +170.2% |
| Trade debts | 44 | €400,200 | €457,160 | +€56,960 | +14.2% |
| Suppliers | 440/4 | €400,200 | €457,160 | +€56,960 | +14.2% |
| Taxes, remuneration and social security | 45 | €103,098 | €38,987 | -€64,111 | -62.2% |
| Taxes | 450/3 | €94,167 | €30,956 | -€63,211 | -67.1% |
| Remuneration and social security | 454/9 | €8,931 | €8,031 | -€900 | -10.1% |
| Other amounts payable | 47/48 | €900 | €900 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €56,348 | €20,099 | -€36,249 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,207 | €4,316 | -€2,891 | -40.1% |
| Other operating charges | 640/8 | €6,893 | €8,509 | +€1,616 | +23.4% |
| Non-recurring operating charges | 66A | - | €774 | +€774 | |
| Gross operating margin | 9900 | €101,594 | €74,527 | -€27,067 | -26.6% |
| Operating profit (loss) | 9901 | €31,146 | €40,829 | +€9,683 | +31.1% |
| Financial income | 75/76B | €21 | €41 | +€19 | +90.2% |
| Recurring financial income | 75 | €21 | €41 | +€19 | +90.2% |
| Financial charges | 65/66B | €2,723 | €3,671 | +€948 | +34.8% |
| Recurring financial charges | 65 | €2,723 | €3,671 | +€948 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €28,444 | €37,199 | +€8,755 | +30.8% |
| Income taxes | 67/77 | €13,215 | €17,663 | +€4,449 | +33.7% |
| Profit (loss) for the period | 9904 | €15,230 | €19,536 | +€4,306 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,230 | €19,536 | +€4,306 | +28.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.