ASI: 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.
ASI
Largest movements
- Deferred charges and accrued income -€16,979
down €16,979 (-96.5%), from €17,589 to €610
- Tangible fixed assets -€12,230
down €12,230 (-72.8%), from €16,809 to €4,579
of which Furniture and vehicles: -€10,657
- Cash +€5,652
up €5,652 (+121.4%), from €4,656 to €10,308
mainly Deferred charges and accrued income (+€16,979) and Net result for the year (+€12,657)
- Receivables within one year -€2,185
down €2,185 (-3.0%), from €72,570 to €70,385
of which Other amounts receivable: -€12,021
- Trade debts -€22,276
down €22,276 (-79.3%), from €28,087 to €5,811
- Reserves +€12,657
up €12,657 (+49.3%), from €25,680 to €38,337
- Other debts -€6,481
down €6,481 (-30.6%), from €21,149 to €14,668
- Tax, wage and social debts -€5,725
down €5,725 (-44.7%), from €12,803 to €7,078
of which Remuneration and social security: -€4,048
- Current portion of long-term debt -€3,911
no longer reported in 2025 (was €3,911)
- Gross operating margin -€87,147
down €87,147 (-51.6%), from €169,010 to €81,863
- Staff costs -€71,017
down €71,017 (-54.3%), from €130,779 to €59,762
- Depreciation -€2,886
down €2,886 (-64.7%), from €4,459 to €1,573
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 | €111,784 | €86,042 | -€25,742 | -23.0% |
| Fixed assets | 21/28 | €16,969 | €4,739 | -€12,230 | -72.1% |
| Tangible fixed assets | 22/27 | €16,809 | €4,579 | -€12,230 | -72.8% |
| Plant, machinery and equipment | 23 | €6,152 | €4,579 | -€1,573 | -25.6% |
| Furniture and vehicles | 24 | €10,657 | - | -€10,657 | |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €94,815 | €81,303 | -€13,512 | -14.3% |
| Amounts receivable within one year | 40/41 | €72,570 | €70,385 | -€2,185 | -3.0% |
| Trade receivables | 40 | €49,693 | €59,529 | +€9,836 | +19.8% |
| Other amounts receivable | 41 | €22,877 | €10,856 | -€12,021 | -52.5% |
| Cash at bank and in hand | 54/58 | €4,656 | €10,308 | +€5,652 | +121.4% |
| Deferred charges and accrued income | 490/1 | €17,589 | €610 | -€16,979 | -96.5% |
| Total equity and liabilities | 10/49 | €111,784 | €86,042 | -€25,742 | -23.0% |
| Equity | 10/15 | €41,792 | €54,449 | +€12,657 | +30.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,680 | €38,337 | +€12,657 | +49.3% |
| Distributable reserves | 133 | €25,680 | €38,337 | +€12,657 | +49.3% |
| Profit (loss) carried forward | 14 | €3,712 | €3,712 | = | 0.0% |
| Amounts payable | 17/49 | €69,992 | €31,593 | -€38,399 | -54.9% |
| Amounts payable within one year | 42/48 | €65,950 | €27,557 | -€38,393 | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €3,911 | - | -€3,911 | |
| Trade debts | 44 | €28,087 | €5,811 | -€22,276 | -79.3% |
| Suppliers | 440/4 | €28,087 | €5,811 | -€22,276 | -79.3% |
| Taxes, remuneration and social security | 45 | €12,803 | €7,078 | -€5,725 | -44.7% |
| Taxes | 450/3 | €8,705 | €7,028 | -€1,677 | -19.3% |
| Remuneration and social security | 454/9 | €4,098 | €50 | -€4,048 | -98.8% |
| Other amounts payable | 47/48 | €21,149 | €14,668 | -€6,481 | -30.6% |
| Accrued charges and deferred income | 492/3 | €4,042 | €4,036 | -€6 | -0.1% |
| Non-recurring operating income | 76A | - | €1,326 | +€1,326 | |
| Remuneration, social security and pensions | 62 | €130,779 | €59,762 | -€71,017 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,459 | €1,573 | -€2,886 | -64.7% |
| Other operating charges | 640/8 | €577 | €450 | -€127 | -22.0% |
| Gross operating margin | 9900 | €169,010 | €81,863 | -€87,147 | -51.6% |
| Operating profit (loss) | 9901 | €33,195 | €20,078 | -€13,117 | -39.5% |
| Financial charges | 65/66B | €1,455 | €983 | -€472 | -32.4% |
| Recurring financial charges | 65 | €1,455 | €983 | -€472 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €31,740 | €19,095 | -€12,645 | -39.8% |
| Income taxes | 67/77 | €7,920 | €6,438 | -€1,482 | -18.7% |
| Profit (loss) for the period | 9904 | €23,820 | €12,657 | -€11,163 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,820 | €12,657 | -€11,163 | -46.9% |
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 7 October 2026 via checked.be.