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 +€302,819
up €302,819 (+5526.2%), from €5,480 to €308,299
mainly Trade debts (+€308,972) and Net result for the year (+€149,068)
- Receivables within one year +€150,046
up €150,046 (+26.7%), from €562,919 to €712,965
of which Other amounts receivable: +€76,174
- Trade debts +€308,972
up €308,972 (+3348.7%), from €9,227 to €318,199
- Profit (loss) carried forward +€149,068
up €149,068 (+64.6%), from -€230,722 to -€81,654
- Accrued charges and deferred income -€110,321
no longer reported in 2025 (was €110,321)
- Tax, wage and social debts +€56,294
up €56,294 (+8.4%), from €673,778 to €730,072
of which Taxes: +€111,848
- Other debts +€48,165
up €48,165 (+267.6%), from €18,000 to €66,165
- Gross operating margin +€580,341
up €580,341 (+9.2%), from €6.3m to €6.9m
- Staff costs -€204,246
down €204,246 (-2.9%), from €6.9m to €6.7m
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 | €589,604 | €1,041,782 | +€452,178 | +76.7% |
| Fixed assets | 21/28 | €21,205 | €14,445 | -€6,760 | -31.9% |
| Tangible fixed assets | 22/27 | €19,205 | €14,445 | -€4,760 | -24.8% |
| Land and buildings | 22 | €4,192 | €3,179 | -€1,013 | -24.2% |
| Furniture and vehicles | 24 | €15,013 | €11,266 | -€3,747 | -25.0% |
| Financial fixed assets | 28 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €568,399 | €1,027,337 | +€458,938 | +80.7% |
| Amounts receivable within one year | 40/41 | €562,919 | €712,965 | +€150,046 | +26.7% |
| Trade receivables | 40 | €279,964 | €353,836 | +€73,872 | +26.4% |
| Other amounts receivable | 41 | €282,955 | €359,129 | +€76,174 | +26.9% |
| Cash at bank and in hand | 54/58 | €5,480 | €308,299 | +€302,819 | +5526.2% |
| Deferred charges and accrued income | 490/1 | - | €6,073 | +€6,073 | |
| Total equity and liabilities | 10/49 | €589,604 | €1,041,782 | +€452,178 | +76.7% |
| Equity | 10/15 | -€221,722 | -€72,654 | +€149,068 | +67.2% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€230,722 | -€81,654 | +€149,068 | +64.6% |
| Amounts payable | 17/49 | €811,326 | €1,114,436 | +€303,110 | +37.4% |
| Amounts payable within one year | 42/48 | €701,005 | €1,114,436 | +€413,431 | +59.0% |
| Trade debts | 44 | €9,227 | €318,199 | +€308,972 | +3348.7% |
| Suppliers | 440/4 | €9,227 | €318,199 | +€308,972 | +3348.7% |
| Taxes, remuneration and social security | 45 | €673,778 | €730,072 | +€56,294 | +8.4% |
| Taxes | 450/3 | €111,330 | €223,178 | +€111,848 | +100.5% |
| Remuneration and social security | 454/9 | €562,449 | €506,895 | -€55,554 | -9.9% |
| Other amounts payable | 47/48 | €18,000 | €66,165 | +€48,165 | +267.6% |
| Accrued charges and deferred income | 492/3 | €110,321 | - | -€110,321 | |
| Remuneration, social security and pensions | 62 | €6,943,002 | €6,738,756 | -€204,246 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,862 | €6,148 | +€286 | +4.9% |
| Other operating charges | 640/8 | €6,487 | €5,171 | -€1,315 | -20.3% |
| Gross operating margin | 9900 | €6,322,010 | €6,902,351 | +€580,341 | +9.2% |
| Operating profit (loss) | 9901 | -€633,340 | €152,276 | +€785,616 | |
| Financial income | 75/76B | €1,108 | €77 | -€1,031 | -93.1% |
| Recurring financial income | 75 | €244 | €77 | -€167 | -68.6% |
| Non-recurring financial income | 76B | €864 | - | -€864 | |
| Financial charges | 65/66B | €2,958 | €3,285 | +€327 | +11.1% |
| Recurring financial charges | 65 | €2,958 | €3,285 | +€327 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€635,191 | €149,068 | +€784,258 | |
| Income taxes | 67/77 | -€88 | - | +€88 | |
| Profit (loss) for the period | 9904 | -€635,102 | €149,068 | +€784,170 | |
| Profit (loss) for the period to be appropriated | 9905 | -€635,102 | €149,068 | +€784,170 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.