ASLO: 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.
ASLO
Largest movements
- Cash +€40,271
up €40,271 (+56.2%), from €71,711 to €111,981
mainly Net result for the year (+€56,914) and Depreciation (+€26,175)
- Tangible fixed assets +€19,645
up €19,645 (+291%), from €6,742 to €26,387
of which Land and buildings: +€18,475
- Receivables within one year +€17,971
up €17,971 (+97.8%), from €18,382 to €36,352
of which Trade receivables: +€11,903
- Intangible fixed assets +€10,417
up €10,417 (+26.9%), from €38,667 to €49,083
- Profit (loss) carried forward +€57,545
up €57,545 (+60.8%), from €94,689 to €152,235
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Tax, wage and social debts +€19,557
up €19,557 (+276%), from €7,088 to €26,645
of which Taxes: +€16,557
- Contributions +€18,600
up €18,600 (+100%), from €18,600 to €37,200
- Advances received +€14,520
new in 2025: €14,520
- Gross operating margin +€59,915
up €59,915 (+132%), from €45,318 to €105,234
- Depreciation +€10,550
up €10,550 (+67.5%), from €15,625 to €26,175
- Taxes +€10,483
up €10,483 (+146%), from €7,164 to €17,647
- Financial charges +€2,445
up €2,445 (+326%), from €750 to €3,195
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 | €158,131 | €244,314 | +€86,184 | +54.5% |
| Fixed assets | 21/28 | €65,409 | €95,471 | +€30,062 | +46.0% |
| Intangible fixed assets | 21 | €38,667 | €49,083 | +€10,417 | +26.9% |
| Tangible fixed assets | 22/27 | €6,742 | €26,387 | +€19,645 | +291% |
| Land and buildings | 22 | €1,534 | €20,009 | +€18,475 | +1,204% |
| Plant, machinery and equipment | 23 | €103 | - | -€103 | |
| Furniture and vehicles | 24 | €5,105 | €6,378 | +€1,273 | +24.9% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €92,722 | €148,843 | +€56,121 | +60.5% |
| Amounts receivable within one year | 40/41 | €18,382 | €36,352 | +€17,971 | +97.8% |
| Trade receivables | 40 | €5,035 | €16,939 | +€11,903 | +236% |
| Other amounts receivable | 41 | €13,346 | €19,414 | +€6,067 | +45.5% |
| Cash at bank and in hand | 54/58 | €71,711 | €111,981 | +€40,271 | +56.2% |
| Deferred charges and accrued income | 490/1 | €2,630 | €510 | -€2,120 | -80.6% |
| Total equity and liabilities | 10/49 | €158,131 | €244,314 | +€86,184 | +54.5% |
| Equity | 10/15 | €115,149 | €193,155 | +€78,005 | +67.7% |
| Contributions | 10/11 | €18,600 | €37,200 | +€18,600 | +100% |
| Reserves | 13 | €1,860 | €3,720 | +€1,860 | +100% |
| Distributable reserves | 133 | €1,860 | €3,720 | +€1,860 | +100% |
| Profit (loss) carried forward | 14 | €94,689 | €152,235 | +€57,545 | +60.8% |
| Amounts payable | 17/49 | €42,981 | €51,159 | +€8,178 | +19.0% |
| Amounts payable after more than one year | 17 | €1,967 | - | -€1,967 | |
| Financial debts | 170/4 | €1,967 | - | -€1,967 | |
| Amounts payable within one year | 42/48 | €41,014 | €51,063 | +€10,048 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €7,786 | €3,269 | -€4,517 | -58.0% |
| Trade debts | 44 | €6,140 | €6,629 | +€489 | +8.0% |
| Suppliers | 440/4 | €6,140 | €6,629 | +€489 | +8.0% |
| Advances received on contracts in progress | 46 | - | €14,520 | +€14,520 | |
| Taxes, remuneration and social security | 45 | €7,088 | €26,645 | +€19,557 | +276% |
| Taxes | 450/3 | €4,088 | €20,645 | +€16,557 | +405% |
| Remuneration and social security | 454/9 | €3,000 | €6,000 | +€3,000 | +100% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Accrued charges and deferred income | 492/3 | - | €97 | +€97 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,625 | €26,175 | +€10,550 | +67.5% |
| Other operating charges | 640/8 | €930 | €1,303 | +€373 | +40.1% |
| Gross operating margin | 9900 | €45,318 | €105,234 | +€59,915 | +132% |
| Operating profit (loss) | 9901 | €28,763 | €77,755 | +€48,992 | +170% |
| Financial income | 75/76B | €4 | €0 | -€4 | -93.3% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -93.3% |
| Financial charges | 65/66B | €750 | €3,195 | +€2,445 | +326% |
| Recurring financial charges | 65 | €750 | €3,195 | +€2,445 | +326% |
| Profit (loss) for the period before taxes | 9903 | €28,017 | €74,561 | +€46,544 | +166% |
| Income taxes | 67/77 | €7,164 | €17,647 | +€10,483 | +146% |
| Profit (loss) for the period | 9904 | €20,853 | €56,914 | +€36,061 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €20,853 | €56,914 | +€36,061 | +173% |
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 19 October 2026 via checked.be.