ASDO: 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.
ASDO
Largest movements
- Cash +€23,579
up €23,579 (+114.8%), from €20,545 to €44,124
mainly Net result for the year (+€118,027) and Tax, wage and social debts (+€21,855)
- Receivables within one year +€19,690
up €19,690 (+121.5%), from €16,200 to €35,890
of which Other amounts receivable: +€15,465
- Tangible fixed assets -€9,860
down €9,860 (-21.0%), from €47,055 to €37,196
of which Furniture and vehicles: -€9,662
- Reserves +€118,027
up €118,027 (+282.9%), from €41,722 to €159,749
- Other debts -€99,623
down €99,623 (-18.9%), from €525,931 to €426,308
- Tax, wage and social debts +€21,855
up €21,855 (+2607.5%), from €838 to €22,693
- Taxes +€53,584
up €53,584 (+1303.9%), from €4,109 to €57,693
- Gross operating margin +€52,213
up €52,213 (+38.7%), from €135,019 to €187,231
- Depreciation +€8,062
up €8,062 (+448.6%), from €1,797 to €9,860
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 | €691,065 | €724,358 | +€33,292 | +4.8% |
| Fixed assets | 21/28 | €652,055 | €642,196 | -€9,860 | -1.5% |
| Tangible fixed assets | 22/27 | €47,055 | €37,196 | -€9,860 | -21.0% |
| Plant, machinery and equipment | 23 | €198 | - | -€198 | |
| Furniture and vehicles | 24 | €46,858 | €37,196 | -€9,662 | -20.6% |
| Financial fixed assets | 28 | €605,000 | €605,000 | = | 0.0% |
| Current assets | 29/58 | €39,010 | €82,162 | +€43,152 | +110.6% |
| Amounts receivable within one year | 40/41 | €16,200 | €35,890 | +€19,690 | +121.5% |
| Trade receivables | 40 | €16,200 | €20,425 | +€4,225 | +26.1% |
| Other amounts receivable | 41 | - | €15,465 | +€15,465 | |
| Cash at bank and in hand | 54/58 | €20,545 | €44,124 | +€23,579 | +114.8% |
| Deferred charges and accrued income | 490/1 | €2,265 | €2,147 | -€118 | -5.2% |
| Total equity and liabilities | 10/49 | €691,065 | €724,358 | +€33,292 | +4.8% |
| Equity | 10/15 | €141,722 | €259,749 | +€118,027 | +83.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €41,722 | €159,749 | +€118,027 | +282.9% |
| Distributable reserves | 133 | €41,722 | €159,749 | +€118,027 | +282.9% |
| Amounts payable | 17/49 | €549,343 | €464,608 | -€84,735 | -15.4% |
| Amounts payable after more than one year | 17 | €13,095 | €6,407 | -€6,688 | -51.1% |
| Financial debts | 170/4 | €13,095 | €6,407 | -€6,688 | -51.1% |
| Amounts payable within one year | 42/48 | €533,780 | €455,688 | -€78,092 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €6,386 | €6,688 | +€302 | +4.7% |
| Trade debts | 44 | €626 | - | -€626 | |
| Suppliers | 440/4 | €626 | - | -€626 | |
| Taxes, remuneration and social security | 45 | €838 | €22,693 | +€21,855 | +2607.5% |
| Taxes | 450/3 | €838 | €22,693 | +€21,855 | +2607.5% |
| Other amounts payable | 47/48 | €525,931 | €426,308 | -€99,623 | -18.9% |
| Accrued charges and deferred income | 492/3 | €2,468 | €2,513 | +€45 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,797 | €9,860 | +€8,062 | +448.6% |
| Other operating charges | 640/8 | €436 | €642 | +€206 | +47.3% |
| Gross operating margin | 9900 | €135,019 | €187,231 | +€52,213 | +38.7% |
| Operating profit (loss) | 9901 | €132,785 | €176,730 | +€43,944 | +33.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €444 | €1,010 | +€566 | +127.7% |
| Recurring financial charges | 65 | €444 | €1,010 | +€566 | +127.7% |
| Profit (loss) for the period before taxes | 9903 | €132,342 | €175,720 | +€43,378 | +32.8% |
| Income taxes | 67/77 | €4,109 | €57,693 | +€53,584 | +1303.9% |
| Profit (loss) for the period | 9904 | €128,233 | €118,027 | -€10,206 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €128,233 | €118,027 | -€10,206 | -8.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.