ASL MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€5,607
down €5,607 (-35.6%), from €15,762 to €10,154
- Cash +€4,863
up €4,863 (+25.8%), from €18,864 to €23,727
mainly Depreciation (+€5,607) and Other debts (+€4,860)
- Receivables within one year -€900
down €900 (-4.7%), from €19,050 to €18,150
of which Other amounts receivable: -€900
- Profit (loss) carried forward -€6,723
down €6,723 (-167%), from -€4,024 to -€10,747
- Other debts +€4,860
up €4,860 (+39.3%), from €12,375 to €17,235
- Gross operating margin +€84
up €84 (+27.1%), from -€311 to -€226
- Other operating charges +€16
up €16 (+2.8%), from €570 to €586
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 | €55,448 | €53,867 | -€1,581 | -2.9% |
| Fixed assets | 21/28 | €15,762 | €10,154 | -€5,607 | -35.6% |
| Tangible fixed assets | 22/27 | €15,762 | €10,154 | -€5,607 | -35.6% |
| Furniture and vehicles | 24 | €15,762 | €10,154 | -€5,607 | -35.6% |
| Current assets | 29/58 | €39,687 | €43,712 | +€4,026 | +10.1% |
| Amounts receivable within one year | 40/41 | €19,050 | €18,150 | -€900 | -4.7% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €900 | €0 | -€900 | -100% |
| Cash at bank and in hand | 54/58 | €18,864 | €23,727 | +€4,863 | +25.8% |
| Deferred charges and accrued income | 490/1 | €1,773 | €1,835 | +€63 | +3.5% |
| Total equity and liabilities | 10/49 | €55,448 | €53,867 | -€1,581 | -2.9% |
| Equity | 10/15 | €39,216 | €32,493 | -€6,723 | -17.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €3,240 | €3,240 | = | 0.0% |
| Distributable reserves | 133 | €3,240 | €3,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,024 | -€10,747 | -€6,723 | -167% |
| Amounts payable | 17/49 | €16,232 | €21,374 | +€5,142 | +31.7% |
| Amounts payable within one year | 42/48 | €16,232 | €21,374 | +€5,142 | +31.7% |
| Trade debts | 44 | €829 | €828 | -€1 | -0.1% |
| Suppliers | 440/4 | €829 | €828 | -€1 | -0.1% |
| Taxes, remuneration and social security | 45 | €3,028 | €3,311 | +€283 | +9.3% |
| Taxes | 450/3 | €3,028 | €3,311 | +€283 | +9.3% |
| Other amounts payable | 47/48 | €12,375 | €17,235 | +€4,860 | +39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,607 | €5,607 | = | 0.0% |
| Other operating charges | 640/8 | €570 | €586 | +€16 | +2.8% |
| Gross operating margin | 9900 | -€311 | -€226 | +€84 | +27.1% |
| Operating profit (loss) | 9901 | -€6,488 | -€6,420 | +€68 | +1.0% |
| Financial charges | 65/66B | €114 | €114 | = | 0.0% |
| Recurring financial charges | 65 | €114 | €114 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,602 | -€6,534 | +€68 | +1.0% |
| Income taxes | 67/77 | €192 | €189 | -€2 | -1.2% |
| Profit (loss) for the period | 9904 | -€6,794 | -€6,723 | +€70 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,794 | -€6,723 | +€70 | +1.0% |
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 15 October 2026 via checked.be.