ASF STUDIO: 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.
ASF STUDIO
Largest movements
- Cash -€1,404
no longer reported in 2025 (was €1,404)
mainly Net result for the year (-€4,351) and Receivables within one year (-€1,080)
- Deferred charges and accrued income -€1,208
down €1,208 (-36.3%), from €3,325 to €2,117
- Receivables within one year +€1,080
new in 2025: €1,080
of which Trade receivables: +€1,026
- Tangible fixed assets -€460
down €460 (-53.4%), from €862 to €402
- Current investments +€363
new in 2025: €363
- Profit (loss) carried forward -€4,351
down €4,351, from €1,789 to -€2,562
- Other debts +€1,593
up €1,593 (+31860.0%), from €5 to €1,598
- Trade debts +€644
up €644 (+216.8%), from €297 to €941
- Tax, wage and social debts +€485
new in 2025: €485
- Gross operating margin -€3,054
down €3,054 (-722.0%), from -€423 to -€3,477
- Financial charges -€904
down €904 (-87.3%), from €1,036 to €132
- Other operating charges -€444
no longer reported in 2025 (was €444)
- Taxes +€282
new in 2025: €282
- Depreciation -€108
down €108 (-19.0%), from €568 to €460
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 | €5,591 | €3,962 | -€1,629 | -29.1% |
| Fixed assets | 21/28 | €862 | €402 | -€460 | -53.4% |
| Tangible fixed assets | 22/27 | €862 | €402 | -€460 | -53.4% |
| Plant, machinery and equipment | 23 | €862 | €402 | -€460 | -53.4% |
| Current assets | 29/58 | €4,729 | €3,560 | -€1,169 | -24.7% |
| Amounts receivable within one year | 40/41 | - | €1,080 | +€1,080 | |
| Trade receivables | 40 | - | €1,026 | +€1,026 | |
| Other amounts receivable | 41 | - | €54 | +€54 | |
| Current investments | 50/53 | - | €363 | +€363 | |
| Cash at bank and in hand | 54/58 | €1,404 | - | -€1,404 | |
| Deferred charges and accrued income | 490/1 | €3,325 | €2,117 | -€1,208 | -36.3% |
| Total equity and liabilities | 10/49 | €5,591 | €3,962 | -€1,629 | -29.1% |
| Equity | 10/15 | €5,289 | €938 | -€4,351 | -82.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,789 | -€2,562 | -€4,351 | |
| Amounts payable | 17/49 | €302 | €3,024 | +€2,722 | +901.3% |
| Amounts payable within one year | 42/48 | €302 | €3,024 | +€2,722 | +901.3% |
| Trade debts | 44 | €297 | €941 | +€644 | +216.8% |
| Suppliers | 440/4 | €297 | €941 | +€644 | +216.8% |
| Taxes, remuneration and social security | 45 | - | €485 | +€485 | |
| Taxes | 450/3 | - | €485 | +€485 | |
| Other amounts payable | 47/48 | €5 | €1,598 | +€1,593 | +31860.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €568 | €460 | -€108 | -19.0% |
| Other operating charges | 640/8 | €444 | - | -€444 | |
| Gross operating margin | 9900 | -€423 | -€3,477 | -€3,054 | -722.0% |
| Operating profit (loss) | 9901 | -€1,435 | -€3,937 | -€2,502 | -174.4% |
| Financial charges | 65/66B | €1,036 | €132 | -€904 | -87.3% |
| Recurring financial charges | 65 | €1,036 | €132 | -€904 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,471 | -€4,069 | -€1,598 | -64.7% |
| Income taxes | 67/77 | - | €282 | +€282 | |
| Profit (loss) for the period | 9904 | -€2,471 | -€4,351 | -€1,880 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,471 | -€4,351 | -€1,880 | -76.1% |
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 8 October 2026 via checked.be.