ASD CONSULT: 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 CONSULT
Largest movements
- Cash +€82,479
up €82,479 (+43.5%), from €189,817 to €272,297
mainly Other debts (+€102,926) and Net result for the year (+€49,791)
- Tangible fixed assets -€19,703
down €19,703 (-26.8%), from €73,591 to €53,889
of which Furniture and vehicles: -€15,081
- Receivables within one year -€16,801
down €16,801 (-73.0%), from €23,019 to €6,218
of which Trade receivables: -€12,546
- Other debts +€102,926
up €102,926 (+100.2%), from €102,714 to €205,640
- Reserves -€61,920
down €61,920 (-10.4%), from €595,276 to €533,355
- Gross operating margin -€57,855
down €57,855 (-37.5%), from €154,148 to €96,293
- Taxes -€17,542
down €17,542 (-40.0%), from €43,810 to €26,268
- Depreciation +€3,055
up €3,055 (+16.9%), from €18,033 to €21,088
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 | €737,014 | €782,990 | +€45,976 | +6.2% |
| Fixed assets | 21/28 | €73,591 | €53,889 | -€19,703 | -26.8% |
| Tangible fixed assets | 22/27 | €73,591 | €53,889 | -€19,703 | -26.8% |
| Plant, machinery and equipment | 23 | €9,277 | €4,968 | -€4,309 | -46.4% |
| Furniture and vehicles | 24 | €63,377 | €48,296 | -€15,081 | -23.8% |
| Other tangible fixed assets | 26 | €937 | €625 | -€312 | -33.3% |
| Current assets | 29/58 | €663,423 | €729,101 | +€65,678 | +9.9% |
| Amounts receivable within one year | 40/41 | €23,019 | €6,218 | -€16,801 | -73.0% |
| Trade receivables | 40 | €18,740 | €6,194 | -€12,546 | -66.9% |
| Other amounts receivable | 41 | €4,279 | €24 | -€4,255 | -99.4% |
| Current investments | 50/53 | €450,587 | €450,587 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €189,817 | €272,297 | +€82,479 | +43.5% |
| Total equity and liabilities | 10/49 | €737,014 | €782,990 | +€45,976 | +6.2% |
| Equity | 10/15 | €619,207 | €557,286 | -€61,920 | -10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €595,276 | €533,355 | -€61,920 | -10.4% |
| Distributable reserves | 133 | €595,276 | €533,355 | -€61,920 | -10.4% |
| Profit (loss) carried forward | 14 | €5,331 | €5,331 | = | 0.0% |
| Amounts payable | 17/49 | €117,807 | €225,703 | +€107,896 | +91.6% |
| Amounts payable within one year | 42/48 | €117,807 | €225,703 | +€107,896 | +91.6% |
| Trade debts | 44 | €1,623 | €604 | -€1,019 | -62.8% |
| Suppliers | 440/4 | €1,623 | €604 | -€1,019 | -62.8% |
| Taxes, remuneration and social security | 45 | €13,470 | €19,459 | +€5,990 | +44.5% |
| Taxes | 450/3 | €13,470 | €19,459 | +€5,990 | +44.5% |
| Other amounts payable | 47/48 | €102,714 | €205,640 | +€102,926 | +100.2% |
| Non-recurring operating income | 76A | €10,500 | - | -€10,500 | |
| Remuneration, social security and pensions | 62 | €279 | - | -€279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,033 | €21,088 | +€3,055 | +16.9% |
| Other operating charges | 640/8 | €1,314 | €1,715 | +€401 | +30.5% |
| Gross operating margin | 9900 | €154,148 | €96,293 | -€57,855 | -37.5% |
| Operating profit (loss) | 9901 | €134,522 | €73,489 | -€61,033 | -45.4% |
| Financial income | 75/76B | €4,132 | €3,550 | -€582 | -14.1% |
| Recurring financial income | 75 | €4,132 | €3,550 | -€582 | -14.1% |
| Financial charges | 65/66B | €1,285 | €980 | -€306 | -23.8% |
| Recurring financial charges | 65 | €1,285 | €980 | -€306 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €137,368 | €76,059 | -€61,309 | -44.6% |
| Income taxes | 67/77 | €43,810 | €26,268 | -€17,542 | -40.0% |
| Profit (loss) for the period | 9904 | €93,558 | €49,791 | -€43,767 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,558 | €49,791 | -€43,767 | -46.8% |
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 4 October 2026 via checked.be.