ASL Liege: 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.
ASL Liege
Largest movements
- Receivables within one year +€2.0m
up €2.0m (+289%), from €679,457 to €2.6m
of which Trade receivables: +€2.0m
- Trade debts +€1.9m
up €1.9m (+1,466%), from €128,984 to €2.0m
- Other debts +€41,262
up €41,262 (+6.7%), from €612,215 to €653,477
- Profit (loss) carried forward +€28,960
up €28,960, from -€3,923 to €25,037
- Gross operating margin -€42,365
down €42,365 (-38.4%), from €110,298 to €67,934
- Staff costs -€34,359
down €34,359 (-56.1%), from €61,230 to €26,871
- Other operating charges -€21,312
down €21,312 (-100%), from €21,312 to €0
- Taxes +€11,841
new in 2025: €11,841
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 | €753,835 | €2,719,697 | +€2.0m | +261% |
| Fixed assets | 21/28 | €74,378 | €74,378 | = | 0.0% |
| Financial fixed assets | 28 | €74,378 | €74,378 | = | 0.0% |
| Current assets | 29/58 | €679,457 | €2,645,319 | +€2.0m | +289% |
| Amounts receivable within one year | 40/41 | €679,457 | €2,645,319 | +€2.0m | +289% |
| Trade receivables | 40 | €610,990 | €2,568,529 | +€2.0m | +320% |
| Other amounts receivable | 41 | €68,466 | €76,790 | +€8,323 | +12.2% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €753,835 | €2,719,697 | +€2.0m | +261% |
| Equity | 10/15 | €4,965 | €33,925 | +€28,960 | +583% |
| Contributions | 10/11 | €8,888 | €8,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,923 | €25,037 | +€28,960 | |
| Amounts payable | 17/49 | €748,869 | €2,685,771 | +€1.9m | +259% |
| Amounts payable within one year | 42/48 | €748,869 | €2,685,771 | +€1.9m | +259% |
| Trade debts | 44 | €128,984 | €2,020,454 | +€1.9m | +1,466% |
| Suppliers | 440/4 | €128,984 | €2,020,454 | +€1.9m | +1,466% |
| Taxes, remuneration and social security | 45 | €7,670 | €11,841 | +€4,171 | +54.4% |
| Taxes | 450/3 | - | €11,841 | +€11,841 | |
| Remuneration and social security | 454/9 | €7,670 | €0 | -€7,670 | -100% |
| Other amounts payable | 47/48 | €612,215 | €653,477 | +€41,262 | +6.7% |
| Remuneration, social security and pensions | 62 | €61,230 | €26,871 | -€34,359 | -56.1% |
| Other operating charges | 640/8 | €21,312 | €0 | -€21,312 | -100% |
| Gross operating margin | 9900 | €110,298 | €67,934 | -€42,365 | -38.4% |
| Operating profit (loss) | 9901 | €27,756 | €41,063 | +€13,307 | +47.9% |
| Financial income | 75/76B | €252 | €0 | -€252 | -100% |
| Recurring financial income | 75 | €252 | €0 | -€252 | -100% |
| Financial charges | 65/66B | €454 | €262 | -€192 | -42.3% |
| Recurring financial charges | 65 | €454 | €262 | -€192 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €27,554 | €40,801 | +€13,247 | +48.1% |
| Income taxes | 67/77 | - | €11,841 | +€11,841 | |
| Profit (loss) for the period | 9904 | €27,554 | €28,960 | +€1,406 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,554 | €28,960 | +€1,406 | +5.1% |
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 24 October 2026 via checked.be.