ASL: 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.
ASL
Largest movements
- Receivables within one year -€27,746
down €27,746 (-23.5%), from €118,268 to €90,522
- Cash -€15,662
down €15,662 (-91.2%), from €17,183 to €1,521
mainly Net result for the year (-€110,736) and Debts after one year (-€9,854)
- Profit (loss) carried forward -€110,736
down €110,736, from €15,060 to -€95,677
- Trade debts +€85,467
up €85,467 (+185.9%), from €45,969 to €131,436
- Debts after one year -€9,854
no longer reported in 2025 (was €9,854)
- Tax, wage and social debts -€6,087
down €6,087 (-18.7%), from €32,479 to €26,392
of which Remuneration and social security: -€5,753
- Current portion of long-term debt -€5,027
down €5,027 (-65.7%), from €7,646 to €2,619
- Gross operating margin -€71,176
down €71,176 (-89.9%), from €79,209 to €8,034
- Turnover -€65,839
down €65,839 (-22.1%), from €297,839 to €232,001
- Staff costs +€51,195
up €51,195 (+94.0%), from €54,434 to €105,629
- Purchases and services +€5,647
up €5,647 (+2.6%), from €218,630 to €224,277
- Taxes -€4,521
no longer reported in 2025 (was €4,521)
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 | €141,654 | €97,482 | -€44,173 | -31.2% |
| Fixed assets | 21/28 | €6,204 | €5,439 | -€765 | -12.3% |
| Intangible fixed assets | 21 | €612 | - | -€612 | |
| Tangible fixed assets | 22/27 | €5,592 | €5,439 | -€152 | -2.7% |
| Plant, machinery and equipment | 23 | €1,304 | €2,126 | +€822 | +63.0% |
| Furniture and vehicles | 24 | €4,288 | €3,314 | -€974 | -22.7% |
| Current assets | 29/58 | €135,451 | €92,043 | -€43,408 | -32.0% |
| Amounts receivable within one year | 40/41 | €118,268 | €90,522 | -€27,746 | -23.5% |
| Trade receivables | 40 | €118,268 | €90,522 | -€27,746 | -23.5% |
| Cash at bank and in hand | 54/58 | €17,183 | €1,521 | -€15,662 | -91.2% |
| Total equity and liabilities | 10/49 | €141,654 | €97,482 | -€44,173 | -31.2% |
| Equity | 10/15 | €20,060 | -€90,677 | -€110,736 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,060 | -€95,677 | -€110,736 | |
| Amounts payable | 17/49 | €121,595 | €188,158 | +€66,564 | +54.7% |
| Amounts payable after more than one year | 17 | €9,854 | - | -€9,854 | |
| Financial debts | 170/4 | €9,854 | - | -€9,854 | |
| Amounts payable within one year | 42/48 | €111,741 | €188,158 | +€76,418 | +68.4% |
| Current portion of amounts payable after more than one year | 42 | €7,646 | €2,619 | -€5,027 | -65.7% |
| Trade debts | 44 | €45,969 | €131,436 | +€85,467 | +185.9% |
| Suppliers | 440/4 | €45,969 | €131,436 | +€85,467 | +185.9% |
| Taxes, remuneration and social security | 45 | €32,479 | €26,392 | -€6,087 | -18.7% |
| Taxes | 450/3 | €12,485 | €12,150 | -€335 | -2.7% |
| Remuneration and social security | 454/9 | €19,994 | €14,242 | -€5,753 | -28.8% |
| Other amounts payable | 47/48 | €25,646 | €27,711 | +€2,065 | +8.1% |
| Turnover | 70 | €297,839 | €232,001 | -€65,839 | -22.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €218,630 | €224,277 | +€5,647 | +2.6% |
| Remuneration, social security and pensions | 62 | €54,434 | €105,629 | +€51,195 | +94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,267 | €2,993 | +€726 | +32.0% |
| Other operating charges | 640/8 | €4,629 | €3,539 | -€1,090 | -23.6% |
| Gross operating margin | 9900 | €79,209 | €8,034 | -€71,176 | -89.9% |
| Operating profit (loss) | 9901 | €17,879 | -€104,127 | -€122,006 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,373 | €6,610 | +€2,236 | +51.1% |
| Recurring financial charges | 65 | €4,373 | €6,610 | +€2,236 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | €13,506 | -€110,736 | -€124,242 | |
| Income taxes | 67/77 | €4,521 | - | -€4,521 | |
| Profit (loss) for the period | 9904 | €8,985 | -€110,736 | -€119,721 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,985 | -€110,736 | -€119,721 |
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 6 October 2026 via checked.be.