ASL PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets +€31,482
up €31,482 (+24.0%), from €131,297 to €162,779
- Cash -€5,834
down €5,834 (-25.7%), from €22,689 to €16,855
mainly Investment in fixed assets (net) (-€31,482)
- Profit (loss) carried forward +€25,555
up €25,555 (+18.8%), from -€136,106 to -€110,552
- Gross operating margin +€1,335
up €1,335 (+5.1%), from €26,154 to €27,489
- Other operating charges -€992
down €992 (-68.2%), from €1,453 to €462
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 | €164,236 | €189,865 | +€25,629 | +15.6% |
| Fixed assets | 21/28 | €131,297 | €162,779 | +€31,482 | +24.0% |
| Tangible fixed assets | 22/27 | €131,297 | €162,779 | +€31,482 | +24.0% |
| Other tangible fixed assets | 26 | €131,297 | €162,779 | +€31,482 | +24.0% |
| Current assets | 29/58 | €32,939 | €27,086 | -€5,853 | -17.8% |
| Amounts receivable within one year | 40/41 | €10,250 | €10,231 | -€19 | -0.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10,250 | €10,231 | -€19 | -0.2% |
| Cash at bank and in hand | 54/58 | €22,689 | €16,855 | -€5,834 | -25.7% |
| Total equity and liabilities | 10/49 | €164,236 | €189,865 | +€25,629 | +15.6% |
| Equity | 10/15 | €163,894 | €189,448 | +€25,555 | +15.6% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,106 | -€110,552 | +€25,555 | +18.8% |
| Amounts payable | 17/49 | €342 | €417 | +€75 | +21.8% |
| Amounts payable within one year | 42/48 | €342 | €417 | +€75 | +21.8% |
| Trade debts | 44 | €342 | €417 | +€75 | +21.8% |
| Suppliers | 440/4 | €342 | €417 | +€75 | +21.8% |
| Non-recurring operating income | 76A | €31,482 | €31,482 | = | 0.0% |
| Other operating charges | 640/8 | €1,453 | €462 | -€992 | -68.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €26,154 | €27,489 | +€1,335 | +5.1% |
| Operating profit (loss) | 9901 | €24,701 | €27,027 | +€2,326 | +9.4% |
| Financial charges | 65/66B | €1,603 | €1,473 | -€130 | -8.1% |
| Recurring financial charges | 65 | €1,603 | €1,473 | -€130 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €23,098 | €25,555 | +€2,457 | +10.6% |
| Profit (loss) for the period | 9904 | €23,098 | €25,555 | +€2,457 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,098 | €25,555 | +€2,457 | +10.6% |
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 3 October 2026 via checked.be.