ASBO: 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.
ASBO
Largest movements
- Receivables within one year -€201,030
down €201,030 (-37.7%), from €533,251 to €332,222
- Cash +€128,041
up €128,041 (+40.3%), from €317,489 to €445,530
mainly Receivables within one year (+€201,030) and Net result for the year (+€97,750)
- Debts after one year -€250,000
down €250,000 (-25.0%), from €1.0m to €750,000
- Profit (loss) carried forward +€97,750
up €97,750 (+4.2%), from -€2.3m to -€2.2m
- Trade debts +€40,654
up €40,654 (+57.9%), from €70,250 to €110,905
- Tax, wage and social debts +€32,285
up €32,285 (+14.9%), from €217,303 to €249,589
of which Remuneration and social security: +€64,019
- Gross operating margin +€130,166
up €130,166 (+10.4%), from €1.3m to €1.4m
- Staff costs +€107,939
up €107,939 (+9.5%), from €1.1m to €1.2m
- Financial charges -€17,264
down €17,264 (-31.9%), from €54,190 to €36,926
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
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 | €875,704 | €796,394 | -€79,310 | -9.1% |
| Fixed assets | 21/28 | €24,963 | €18,642 | -€6,321 | -25.3% |
| Tangible fixed assets | 22/27 | €24,963 | €18,642 | -€6,321 | -25.3% |
| Land and buildings | 22 | €24,963 | €18,642 | -€6,321 | -25.3% |
| Current assets | 29/58 | €850,741 | €777,752 | -€72,989 | -8.6% |
| Amounts receivable within one year | 40/41 | €533,251 | €332,222 | -€201,030 | -37.7% |
| Trade receivables | 40 | €533,251 | €332,222 | -€201,030 | -37.7% |
| Cash at bank and in hand | 54/58 | €317,489 | €445,530 | +€128,041 | +40.3% |
| Total equity and liabilities | 10/49 | €875,704 | €796,394 | -€79,310 | -9.1% |
| Equity | 10/15 | -€411,850 | -€314,099 | +€97,750 | +23.7% |
| Contributions | 10/11 | €546,000 | €546,000 | = | 0.0% |
| Capital | 10 | €546,000 | €546,000 | = | 0.0% |
| Issued capital | 100 | €546,000 | €546,000 | = | 0.0% |
| Reserves | 13 | €1,373,474 | €1,373,474 | = | 0.0% |
| Non-distributable reserves | 130/1 | €54,600 | €54,600 | = | 0.0% |
| Legal reserve | 130 | €54,600 | €54,600 | = | 0.0% |
| Distributable reserves | 133 | €1,318,874 | €1,318,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,331,323 | -€2,233,573 | +€97,750 | +4.2% |
| Amounts payable | 17/49 | €1,287,554 | €1,110,493 | -€177,060 | -13.8% |
| Amounts payable after more than one year | 17 | €1,000,000 | €750,000 | -€250,000 | -25.0% |
| Financial debts | 170/4 | €1,000,000 | €750,000 | -€250,000 | -25.0% |
| Amounts payable within one year | 42/48 | €287,554 | €360,493 | +€72,940 | +25.4% |
| Trade debts | 44 | €70,250 | €110,905 | +€40,654 | +57.9% |
| Suppliers | 440/4 | €70,250 | €110,905 | +€40,654 | +57.9% |
| Taxes, remuneration and social security | 45 | €217,303 | €249,589 | +€32,285 | +14.9% |
| Taxes | 450/3 | €97,544 | €65,810 | -€31,733 | -32.5% |
| Remuneration and social security | 454/9 | €119,760 | €183,778 | +€64,019 | +53.5% |
| Remuneration, social security and pensions | 62 | €1,132,944 | €1,240,883 | +€107,939 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,348 | €6,321 | -€27 | -0.4% |
| Other operating charges | 640/8 | €3,515 | €3,700 | +€185 | +5.3% |
| Gross operating margin | 9900 | €1,255,415 | €1,385,581 | +€130,166 | +10.4% |
| Operating profit (loss) | 9901 | €112,607 | €134,677 | +€22,070 | +19.6% |
| Financial charges | 65/66B | €54,190 | €36,926 | -€17,264 | -31.9% |
| Recurring financial charges | 65 | €54,190 | €36,926 | -€17,264 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €58,417 | €97,750 | +€39,333 | +67.3% |
| Profit (loss) for the period | 9904 | €58,417 | €97,750 | +€39,333 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,417 | €97,750 | +€39,333 | +67.3% |
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 10 October 2026 via checked.be.