ASDT: 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.
ASDT
Largest movements
- Receivables within one year +€65,292
up €65,292 (+214.4%), from €30,451 to €95,744
of which Other amounts receivable: +€88,977
- Tangible fixed assets -€31,224
down €31,224 (-3.7%), from €852,647 to €821,423
of which Land and buildings: -€26,884
- Trade debts +€31,757
up €31,757 (+31.2%), from €101,653 to €133,410
- Debts after one year -€23,184
down €23,184 (-3.3%), from €693,123 to €669,939
of which Financial debts: -€23,184
- Profit (loss) carried forward +€21,011
up €21,011 (+25.4%), from -€82,709 to -€61,699
- Current portion of long-term debt -€20,139
down €20,139 (-21.0%), from €95,990 to €75,851
- Short-term financial debts +€15,310
up €15,310, from €0 to €15,310
- Gross operating margin +€84,404
up €84,404 (+29.2%), from €289,442 to €373,847
- Staff costs +€79,422
up €79,422 (+39.8%), from €199,793 to €279,215
- Financial charges +€7,630
up €7,630 (+24.3%), from €31,352 to €38,983
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 | €925,227 | €955,386 | +€30,159 | +3.3% |
| Fixed assets | 21/28 | €853,412 | €821,950 | -€31,462 | -3.7% |
| Intangible fixed assets | 21 | €765 | €527 | -€238 | -31.1% |
| Tangible fixed assets | 22/27 | €852,647 | €821,423 | -€31,224 | -3.7% |
| Land and buildings | 22 | €818,257 | €791,373 | -€26,884 | -3.3% |
| Plant, machinery and equipment | 23 | €19,260 | €16,721 | -€2,539 | -13.2% |
| Furniture and vehicles | 24 | €15,129 | €13,328 | -€1,801 | -11.9% |
| Current assets | 29/58 | €71,815 | €133,436 | +€61,621 | +85.8% |
| Amounts receivable after more than one year | 29 | €28,125 | €23,576 | -€4,549 | -16.2% |
| Other amounts receivable | 291 | €28,125 | €23,576 | -€4,549 | -16.2% |
| Stocks and contracts in progress | 3 | €5,936 | €8,511 | +€2,575 | +43.4% |
| Stocks | 30/36 | €5,936 | €8,511 | +€2,575 | +43.4% |
| Amounts receivable within one year | 40/41 | €30,451 | €95,744 | +€65,292 | +214.4% |
| Trade receivables | 40 | €29,268 | €5,584 | -€23,685 | -80.9% |
| Other amounts receivable | 41 | €1,183 | €90,160 | +€88,977 | +7522.3% |
| Cash at bank and in hand | 54/58 | €2,265 | €3,036 | +€771 | +34.0% |
| Deferred charges and accrued income | 490/1 | €5,038 | €2,570 | -€2,468 | -49.0% |
| Total equity and liabilities | 10/49 | €925,227 | €955,386 | +€30,159 | +3.3% |
| Equity | 10/15 | -€22,931 | -€1,921 | +€21,011 | +91.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,578 | €53,578 | = | 0.0% |
| Distributable reserves | 133 | €53,578 | €53,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,709 | -€61,699 | +€21,011 | +25.4% |
| Amounts payable | 17/49 | €948,159 | €957,307 | +€9,149 | +1.0% |
| Amounts payable after more than one year | 17 | €693,123 | €669,939 | -€23,184 | -3.3% |
| Financial debts | 170/4 | €636,123 | €612,939 | -€23,184 | -3.6% |
| Other amounts payable | 178/9 | €57,000 | €57,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €255,036 | €287,368 | +€32,332 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €95,990 | €75,851 | -€20,139 | -21.0% |
| Financial debts | 43 | €0 | €15,310 | +€15,310 | |
| Credit institutions | 430/8 | €0 | €15,310 | +€15,310 | |
| Trade debts | 44 | €101,653 | €133,410 | +€31,757 | +31.2% |
| Suppliers | 440/4 | €101,653 | €133,410 | +€31,757 | +31.2% |
| Advances received on contracts in progress | 46 | €420 | €0 | -€420 | -100.0% |
| Taxes, remuneration and social security | 45 | €53,591 | €62,797 | +€9,206 | +17.2% |
| Taxes | 450/3 | €33,334 | €41,639 | +€8,305 | +24.9% |
| Remuneration and social security | 454/9 | €20,257 | €21,158 | +€901 | +4.4% |
| Other amounts payable | 47/48 | €3,381 | €0 | -€3,381 | -100.0% |
| Remuneration, social security and pensions | 62 | €199,793 | €279,215 | +€79,422 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,752 | €32,857 | +€105 | +0.3% |
| Other operating charges | 640/8 | €6,421 | €3,066 | -€3,355 | -52.2% |
| Gross operating margin | 9900 | €289,442 | €373,847 | +€84,404 | +29.2% |
| Operating profit (loss) | 9901 | €50,477 | €58,709 | +€8,232 | +16.3% |
| Financial income | 75/76B | €839 | €1,285 | +€446 | +53.2% |
| Recurring financial income | 75 | €839 | €1,285 | +€446 | +53.2% |
| Financial charges | 65/66B | €31,352 | €38,983 | +€7,630 | +24.3% |
| Recurring financial charges | 65 | €31,352 | €38,983 | +€7,630 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €19,963 | €21,011 | +€1,047 | +5.2% |
| Profit (loss) for the period | 9904 | €19,963 | €21,011 | +€1,047 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,963 | €21,011 | +€1,047 | +5.2% |
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 11 October 2026 via checked.be.