ASK: 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.
ASK
Largest movements
- Cash -€124,743
down €124,743 (-92.7%), from €134,498 to €9,755
mainly Contributions, distributions and other (-€283,500) and Debts after one year (-€104,171)
- Tangible fixed assets -€76,014
down €76,014 (-46.6%), from €163,088 to €87,074
of which Land and buildings: -€69,510
- Receivables within one year +€9,131
up €9,131 (+50.6%), from €18,032 to €27,163
of which Trade receivables: +€9,807
- Contributions -€283,500
down €283,500 (-77.8%), from €364,420 to €80,920
- Other debts +€142,314
up €142,314 (+8873.1%), from €1,604 to €143,918
- Debts after one year -€104,171
down €104,171 (-100.0%), from €104,171 to €0
- Profit (loss) carried forward +€94,292
up €94,292, from -€94,292 to €0
- Current portion of long-term debt -€58,897
down €58,897 (-36.1%), from €163,068 to €104,171
- Gross operating margin -€172,669
down €172,669 (-44.2%), from €390,812 to €218,143
- Depreciation -€7,543
down €7,543 (-9.0%), from €83,557 to €76,014
- Financial charges -€5,270
down €5,270 (-46.8%), from €11,268 to €5,998
- Other operating charges -€4,837
down €4,837 (-18.9%), from €25,583 to €20,746
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 | €572,948 | €381,483 | -€191,465 | -33.4% |
| Fixed assets | 21/28 | €163,088 | €87,074 | -€76,014 | -46.6% |
| Tangible fixed assets | 22/27 | €163,088 | €87,074 | -€76,014 | -46.6% |
| Land and buildings | 22 | €155,005 | €85,495 | -€69,510 | -44.8% |
| Furniture and vehicles | 24 | €8,083 | €1,579 | -€6,504 | -80.5% |
| Current assets | 29/58 | €409,860 | €294,409 | -€115,451 | -28.2% |
| Amounts receivable within one year | 40/41 | €18,032 | €27,163 | +€9,131 | +50.6% |
| Trade receivables | 40 | €3,503 | €13,310 | +€9,807 | +280.0% |
| Other amounts receivable | 41 | €14,529 | €13,853 | -€676 | -4.7% |
| Current investments | 50/53 | €255,007 | €254,904 | -€103 | 0.0% |
| Cash at bank and in hand | 54/58 | €134,498 | €9,755 | -€124,743 | -92.7% |
| Deferred charges and accrued income | 490/1 | €2,323 | €2,586 | +€263 | +11.3% |
| Total equity and liabilities | 10/49 | €572,948 | €381,483 | -€191,465 | -33.4% |
| Equity | 10/15 | €284,129 | €114,595 | -€169,534 | -59.7% |
| Contributions | 10/11 | €364,420 | €80,920 | -€283,500 | -77.8% |
| Reserves | 13 | €14,002 | €33,675 | +€19,673 | +140.5% |
| Tax-exempt reserves | 132 | €14,002 | €196 | -€13,805 | -98.6% |
| Distributable reserves | 133 | - | €33,479 | +€33,479 | |
| Profit (loss) carried forward | 14 | -€94,292 | €0 | +€94,292 | |
| Amounts payable | 17/49 | €288,818 | €266,888 | -€21,931 | -7.6% |
| Amounts payable after more than one year | 17 | €104,171 | €0 | -€104,171 | -100.0% |
| Financial debts | 170/4 | €104,171 | €0 | -€104,171 | -100.0% |
| Amounts payable within one year | 42/48 | €184,647 | €266,888 | +€82,241 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €163,068 | €104,171 | -€58,897 | -36.1% |
| Trade debts | 44 | €2,405 | €6,623 | +€4,219 | +175.4% |
| Suppliers | 440/4 | €2,405 | €6,623 | +€4,219 | +175.4% |
| Taxes, remuneration and social security | 45 | €17,571 | €12,175 | -€5,395 | -30.7% |
| Taxes | 450/3 | €14,949 | €8,139 | -€6,811 | -45.6% |
| Remuneration and social security | 454/9 | €2,622 | €4,037 | +€1,415 | +54.0% |
| Other amounts payable | 47/48 | €1,604 | €143,918 | +€142,314 | +8873.1% |
| Remuneration, social security and pensions | 62 | €18,978 | €19,480 | +€502 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,557 | €76,014 | -€7,543 | -9.0% |
| Other operating charges | 640/8 | €25,583 | €20,746 | -€4,837 | -18.9% |
| Gross operating margin | 9900 | €390,812 | €218,143 | -€172,669 | -44.2% |
| Operating profit (loss) | 9901 | €262,693 | €101,903 | -€160,791 | -61.2% |
| Financial income | 75/76B | €19,494 | €21,929 | +€2,435 | +12.5% |
| Recurring financial income | 75 | €19,494 | €21,929 | +€2,435 | +12.5% |
| Financial charges | 65/66B | €11,268 | €5,998 | -€5,270 | -46.8% |
| Recurring financial charges | 65 | €11,268 | €5,998 | -€5,270 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €270,919 | €117,833 | -€153,086 | -56.5% |
| Income taxes | 67/77 | €502 | €3,868 | +€3,365 | +670.1% |
| Profit (loss) for the period | 9904 | €270,417 | €113,966 | -€156,451 | -57.9% |
| Transfer from tax-exempt reserves | 789 | €17,694 | €13,805 | -€3,889 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €288,111 | €127,771 | -€160,340 | -55.7% |
Source: filed annual accounts (NBB), fiscal years ended 28 December 2024 and 28 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.