ASD-STAN: 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.
ASD-STAN
Largest movements
- Cash +€127,482
up €127,482 (+72.0%), from €177,074 to €304,556
mainly Depreciation (+€98,607) and Trade debts (+€64,520)
- Tangible fixed assets -€66,370
down €66,370 (-12.0%), from €552,850 to €486,480
- Financial fixed assets -€11,601
down €11,601 (-97.7%), from €11,880 to €279
- Receivables within one year +€9,415
up €9,415 (+20.4%), from €46,244 to €55,659
of which Trade receivables: +€10,687
- Trade debts +€64,520
up €64,520 (+576%), from €11,197 to €75,716
- Profit (loss) carried forward -€22,089
down €22,089 (-2.9%), from €763,419 to €741,330
- Accrued charges and deferred income +€12,369
up €12,369 (+2,337%), from €529 to €12,899
- Financial charges +€12,930
up €12,930 (+971%), from €1,331 to €14,261
- Financial income -€6,631
down €6,631 (-96.9%), from €6,844 to €212
- Staff costs +€3,060
up €3,060 (+2.4%), from €129,187 to €132,247
- Gross operating margin -€2,596
down €2,596 (-1.2%), from €225,421 to €222,824
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.
Derived cash bridge
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 | €792,307 | €847,559 | +€55,252 | +7.0% |
| Fixed assets | 21/28 | €564,730 | €486,759 | -€77,971 | -13.8% |
| Tangible fixed assets | 22/27 | €552,850 | €486,480 | -€66,370 | -12.0% |
| Furniture and vehicles | 24 | €552,850 | €486,480 | -€66,370 | -12.0% |
| Financial fixed assets | 28 | €11,880 | €279 | -€11,601 | -97.7% |
| Current assets | 29/58 | €227,577 | €360,801 | +€133,224 | +58.5% |
| Amounts receivable within one year | 40/41 | €46,244 | €55,659 | +€9,415 | +20.4% |
| Trade receivables | 40 | €43,692 | €54,379 | +€10,687 | +24.5% |
| Other amounts receivable | 41 | €2,552 | €1,280 | -€1,273 | -49.9% |
| Cash at bank and in hand | 54/58 | €177,074 | €304,556 | +€127,482 | +72.0% |
| Deferred charges and accrued income | 490/1 | €4,259 | €585 | -€3,673 | -86.3% |
| Total equity and liabilities | 10/49 | €792,307 | €847,559 | +€55,252 | +7.0% |
| Equity | 10/15 | €763,419 | €741,330 | -€22,089 | -2.9% |
| Profit (loss) carried forward | 14 | €763,419 | €741,330 | -€22,089 | -2.9% |
| Amounts payable | 17/49 | €28,887 | €106,229 | +€77,342 | +268% |
| Amounts payable within one year | 42/48 | €28,358 | €93,330 | +€64,972 | +229% |
| Trade debts | 44 | €11,197 | €75,716 | +€64,520 | +576% |
| Suppliers | 440/4 | €11,197 | €75,716 | +€64,520 | +576% |
| Taxes, remuneration and social security | 45 | €17,161 | €17,614 | +€453 | +2.6% |
| Remuneration and social security | 454/9 | €17,161 | €17,614 | +€453 | +2.6% |
| Accrued charges and deferred income | 492/3 | €529 | €12,899 | +€12,369 | +2,337% |
| Remuneration, social security and pensions | 62 | €129,187 | €132,247 | +€3,060 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,403 | €98,607 | +€203 | +0.2% |
| Other operating charges | 640/8 | - | €11 | +€11 | |
| Gross operating margin | 9900 | €225,421 | €222,824 | -€2,596 | -1.2% |
| Operating profit (loss) | 9901 | -€2,170 | -€8,041 | -€5,871 | -271% |
| Financial income | 75/76B | €6,844 | €212 | -€6,631 | -96.9% |
| Recurring financial income | 75 | €6,844 | €212 | -€6,631 | -96.9% |
| Financial charges | 65/66B | €1,331 | €14,261 | +€12,930 | +971% |
| Recurring financial charges | 65 | €1,331 | €14,261 | +€12,930 | +971% |
| Profit (loss) for the period before taxes | 9903 | €3,343 | -€22,089 | -€25,432 | |
| Profit (loss) for the period | 9904 | €3,343 | -€22,089 | -€25,432 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,343 | -€22,089 | -€25,432 |
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 15 October 2026 via checked.be.