ASD: 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.
ASD
Largest movements
- Cash +€15,780
up €15,780 (+29.0%), from €54,441 to €70,221
mainly Net result for the year (+€36,950) and Depreciation (+€12,651)
- Tangible fixed assets -€12,651
down €12,651 (-3.3%), from €384,855 to €372,203
No liability line moved by more than 1% of the balance sheet total.
No income-statement line moved by more than 1% of the activity.
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 | €440,972 | €442,976 | +€2,004 | +0.5% |
| Fixed assets | 21/28 | €384,855 | €372,203 | -€12,651 | -3.3% |
| Tangible fixed assets | 22/27 | €384,855 | €372,203 | -€12,651 | -3.3% |
| Land and buildings | 22 | €384,855 | €372,203 | -€12,651 | -3.3% |
| Current assets | 29/58 | €56,118 | €70,773 | +€14,656 | +26.1% |
| Amounts receivable within one year | 40/41 | €1,317 | €175 | -€1,142 | -86.7% |
| Other amounts receivable | 41 | €1,317 | €175 | -€1,142 | -86.7% |
| Cash at bank and in hand | 54/58 | €54,441 | €70,221 | +€15,780 | +29.0% |
| Deferred charges and accrued income | 490/1 | €359 | €377 | +€18 | +4.9% |
| Total equity and liabilities | 10/49 | €440,972 | €442,976 | +€2,004 | +0.5% |
| Equity | 10/15 | €391,420 | €389,833 | -€1,588 | -0.4% |
| Contributions | 10/11 | €118,592 | €118,592 | = | 0.0% |
| Reserves | 13 | €272,828 | €271,241 | -€1,588 | -0.6% |
| Non-distributable reserves | 130/1 | €11,859 | €11,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,859 | €11,859 | = | 0.0% |
| Distributable reserves | 133 | €260,969 | €259,382 | -€1,588 | -0.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €49,552 | €53,144 | +€3,592 | +7.2% |
| Amounts payable within one year | 42/48 | €49,543 | €53,144 | +€3,601 | +7.3% |
| Trade debts | 44 | €405 | €800 | +€395 | +97.7% |
| Suppliers | 440/4 | €405 | €800 | +€395 | +97.7% |
| Taxes, remuneration and social security | 45 | €13,384 | €13,384 | = | 0.0% |
| Taxes | 450/3 | €13,384 | €13,384 | = | 0.0% |
| Other amounts payable | 47/48 | €35,754 | €38,960 | +€3,206 | +9.0% |
| Accrued charges and deferred income | 492/3 | €9 | €0 | -€9 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,672 | €12,651 | -€21 | -0.2% |
| Other operating charges | 640/8 | €13,146 | €13,346 | +€200 | +1.5% |
| Gross operating margin | 9900 | €80,147 | €80,600 | +€452 | +0.6% |
| Operating profit (loss) | 9901 | €54,329 | €54,602 | +€273 | +0.5% |
| Financial income | 75/76B | €47 | €0 | -€47 | -100.0% |
| Recurring financial income | 75 | €47 | €0 | -€47 | -100.0% |
| Financial charges | 65/66B | €113 | €328 | +€215 | +189.6% |
| Recurring financial charges | 65 | €113 | €328 | +€215 | +189.6% |
| Profit (loss) for the period before taxes | 9903 | €54,263 | €54,275 | +€12 | 0.0% |
| Income taxes | 67/77 | €17,884 | €17,325 | -€560 | -3.1% |
| Profit (loss) for the period | 9904 | €36,378 | €36,950 | +€572 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,378 | €36,950 | +€572 | +1.6% |
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 8 October 2026 via checked.be.