ASK: 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.
ASK
Largest movements
- Deferred charges and accrued income +€69,899
up €69,899 (+1,958%), from €3,569 to €73,468
- Receivables within one year +€46,945
up €46,945 (+52.8%), from €88,955 to €135,900
of which Trade receivables: +€32,245
- Tangible fixed assets -€36,977
down €36,977 (-5.6%), from €654,721 to €617,744
of which Land and buildings: -€21,348
- Cash -€15,918
down €15,918 (-19.4%), from €81,933 to €66,015
mainly Deferred charges and accrued income (-€69,899) and Debts after one year (-€48,387)
- Reserves +€54,330
up €54,330 (+29.8%), from €182,417 to €236,747
of which Distributable reserves: +€54,330
- Debts after one year -€48,387
down €48,387 (-13.1%), from €369,052 to €320,665
- Accrued charges and deferred income +€27,224
up €27,224 (+16.7%), from €162,754 to €189,977
- Tax, wage and social debts +€24,889
up €24,889 (+76.7%), from €32,439 to €57,328
of which Taxes: +€23,623
- Gross operating margin +€20,611
up €20,611 (+16.4%), from €125,483 to €146,094
- Taxes +€9,927
up €9,927 (+51.9%), from €19,121 to €29,048
- Depreciation -€4,179
down €4,179 (-8.9%), from €46,865 to €42,686
- Financial charges +€3,449
up €3,449 (+32.8%), from €10,510 to €13,960
- Other operating charges +€3,423
up €3,423 (+99.2%), from €3,449 to €6,871
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.
Derived cash bridge
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 | €829,178 | €893,128 | +€63,950 | +7.7% |
| Fixed assets | 21/28 | €654,721 | €617,745 | -€36,976 | -5.6% |
| Tangible fixed assets | 22/27 | €654,721 | €617,744 | -€36,977 | -5.6% |
| Land and buildings | 22 | €602,217 | €580,869 | -€21,348 | -3.5% |
| Plant, machinery and equipment | 23 | €220 | €1,066 | +€845 | +384% |
| Furniture and vehicles | 24 | €52,284 | €35,809 | -€16,475 | -31.5% |
| Financial fixed assets | 28 | - | €1 | +€1 | |
| Current assets | 29/58 | €174,457 | €275,383 | +€100,926 | +57.9% |
| Amounts receivable within one year | 40/41 | €88,955 | €135,900 | +€46,945 | +52.8% |
| Trade receivables | 40 | €41,485 | €73,730 | +€32,245 | +77.7% |
| Other amounts receivable | 41 | €47,470 | €62,170 | +€14,701 | +31.0% |
| Cash at bank and in hand | 54/58 | €81,933 | €66,015 | -€15,918 | -19.4% |
| Deferred charges and accrued income | 490/1 | €3,569 | €73,468 | +€69,899 | +1,958% |
| Total equity and liabilities | 10/49 | €829,178 | €893,128 | +€63,950 | +7.7% |
| Equity | 10/15 | €201,017 | €255,347 | +€54,330 | +27.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,417 | €236,747 | +€54,330 | +29.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €180,557 | €234,887 | +€54,330 | +30.1% |
| Amounts payable | 17/49 | €628,161 | €637,781 | +€9,620 | +1.5% |
| Amounts payable after more than one year | 17 | €369,052 | €320,665 | -€48,387 | -13.1% |
| Financial debts | 170/4 | €369,052 | €320,665 | -€48,387 | -13.1% |
| Amounts payable within one year | 42/48 | €96,356 | €127,139 | +€30,783 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €49,247 | €48,387 | -€861 | -1.7% |
| Trade debts | 44 | €14,669 | €20,475 | +€5,805 | +39.6% |
| Suppliers | 440/4 | €14,669 | €20,475 | +€5,805 | +39.6% |
| Taxes, remuneration and social security | 45 | €32,439 | €57,328 | +€24,889 | +76.7% |
| Taxes | 450/3 | €28,179 | €51,802 | +€23,623 | +83.8% |
| Remuneration and social security | 454/9 | €4,260 | €5,526 | +€1,266 | +29.7% |
| Other amounts payable | 47/48 | - | €949 | +€949 | |
| Accrued charges and deferred income | 492/3 | €162,754 | €189,977 | +€27,224 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,865 | €42,686 | -€4,179 | -8.9% |
| Other operating charges | 640/8 | €3,449 | €6,871 | +€3,423 | +99.2% |
| Gross operating margin | 9900 | €125,483 | €146,094 | +€20,611 | +16.4% |
| Operating profit (loss) | 9901 | €75,169 | €96,536 | +€21,367 | +28.4% |
| Financial income | 75/76B | €965 | €801 | -€165 | -17.1% |
| Recurring financial income | 75 | €965 | €801 | -€165 | -17.1% |
| Financial charges | 65/66B | €10,510 | €13,960 | +€3,449 | +32.8% |
| Recurring financial charges | 65 | €10,510 | €13,960 | +€3,449 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €65,624 | €83,377 | +€17,753 | +27.1% |
| Income taxes | 67/77 | €19,121 | €29,048 | +€9,927 | +51.9% |
| Profit (loss) for the period | 9904 | €46,503 | €54,330 | +€7,827 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,503 | €54,330 | +€7,827 | +16.8% |
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 17 October 2026 via checked.be.