ASLW: 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.
ASLW
Largest movements
- Cash +€130,719
up €130,719 (+177.8%), from €73,517 to €204,236
mainly Other debts (+€247,998) and Net result for the year (+€106,718)
- Tangible fixed assets -€70,229
down €70,229 (-7.7%), from €907,483 to €837,254
of which Land and buildings: -€66,545
- Stocks and contracts +€69,550
up €69,550 (+6.7%), from €1.0m to €1.1m
- Receivables within one year +€30,333
up €30,333 (+13.3%), from €227,610 to €257,943
of which Trade receivables: +€29,324
- Other debts +€247,998
up €247,998 (+55.4%), from €447,353 to €695,351
- Debts after one year -€120,280
down €120,280 (-10.0%), from €1.2m to €1.1m
- Reserves +€106,718
new in 2025: €106,718
- Profit (loss) carried forward -€100,000
down €100,000 (-22.2%), from €450,970 to €350,970
- Tax, wage and social debts +€38,795
up €38,795 (+95.3%), from €40,688 to €79,483
of which Taxes: +€33,467
- Gross operating margin +€86,512
up €86,512 (+25.3%), from €341,502 to €428,014
- Staff costs +€13,506
up €13,506 (+9.8%), from €138,376 to €151,882
- Financial charges +€13,305
up €13,305 (+38.3%), from €34,718 to €48,023
- Taxes +€9,886
up €9,886 (+54.2%), from €18,228 to €28,114
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 | €2,248,558 | €2,409,580 | +€161,023 | +7.2% |
| Fixed assets | 21/28 | €907,663 | €837,434 | -€70,229 | -7.7% |
| Tangible fixed assets | 22/27 | €907,483 | €837,254 | -€70,229 | -7.7% |
| Land and buildings | 22 | €838,722 | €772,178 | -€66,545 | -7.9% |
| Furniture and vehicles | 24 | €68,761 | €65,076 | -€3,685 | -5.4% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €1,340,895 | €1,572,146 | +€231,252 | +17.2% |
| Stocks and contracts in progress | 3 | €1,038,995 | €1,108,546 | +€69,550 | +6.7% |
| Stocks | 30/36 | €1,038,995 | €1,108,546 | +€69,550 | +6.7% |
| Amounts receivable within one year | 40/41 | €227,610 | €257,943 | +€30,333 | +13.3% |
| Trade receivables | 40 | €225,976 | €255,300 | +€29,324 | +13.0% |
| Other amounts receivable | 41 | €1,634 | €2,643 | +€1,009 | +61.8% |
| Cash at bank and in hand | 54/58 | €73,517 | €204,236 | +€130,719 | +177.8% |
| Deferred charges and accrued income | 490/1 | €772 | €1,421 | +€649 | +84.0% |
| Total equity and liabilities | 10/49 | €2,248,558 | €2,409,580 | +€161,023 | +7.2% |
| Equity | 10/15 | €456,970 | €463,688 | +€6,718 | +1.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €106,718 | +€106,718 | |
| Non-distributable reserves | 130/1 | - | €106,718 | +€106,718 | |
| Reserves not available under the articles | 1311 | - | €106,718 | +€106,718 | |
| Profit (loss) carried forward | 14 | €450,970 | €350,970 | -€100,000 | -22.2% |
| Amounts payable | 17/49 | €1,791,587 | €1,945,892 | +€154,305 | +8.6% |
| Amounts payable after more than one year | 17 | €1,205,617 | €1,085,337 | -€120,280 | -10.0% |
| Financial debts | 170/4 | €1,205,617 | €1,085,337 | -€120,280 | -10.0% |
| Amounts payable within one year | 42/48 | €585,963 | €860,138 | +€274,175 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €49,539 | €50,280 | +€741 | +1.5% |
| Financial debts | 43 | €16 | €16 | = | 0.0% |
| Credit institutions | 430/8 | €16 | €16 | = | 0.0% |
| Trade debts | 44 | €40,738 | €24,469 | -€16,269 | -39.9% |
| Suppliers | 440/4 | €40,738 | €24,469 | -€16,269 | -39.9% |
| Advances received on contracts in progress | 46 | €7,629 | €10,539 | +€2,910 | +38.1% |
| Taxes, remuneration and social security | 45 | €40,688 | €79,483 | +€38,795 | +95.3% |
| Taxes | 450/3 | €22,515 | €55,982 | +€33,467 | +148.6% |
| Remuneration and social security | 454/9 | €18,173 | €23,501 | +€5,328 | +29.3% |
| Other amounts payable | 47/48 | €447,353 | €695,351 | +€247,998 | +55.4% |
| Accrued charges and deferred income | 492/3 | €8 | €417 | +€409 | +5241.0% |
| Remuneration, social security and pensions | 62 | €138,376 | €151,882 | +€13,506 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,031 | €91,409 | +€1,377 | +1.5% |
| Other operating charges | 640/8 | €1,531 | €1,305 | -€226 | -14.8% |
| Non-recurring operating charges | 66A | - | €834 | +€834 | |
| Gross operating margin | 9900 | €341,502 | €428,014 | +€86,512 | +25.3% |
| Operating profit (loss) | 9901 | €111,564 | €182,585 | +€71,021 | +63.7% |
| Financial income | 75/76B | €102 | €270 | +€169 | +165.6% |
| Recurring financial income | 75 | €102 | €270 | +€169 | +165.6% |
| Financial charges | 65/66B | €34,718 | €48,023 | +€13,305 | +38.3% |
| Recurring financial charges | 65 | €34,718 | €48,023 | +€13,305 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €76,948 | €134,832 | +€57,885 | +75.2% |
| Income taxes | 67/77 | €18,228 | €28,114 | +€9,886 | +54.2% |
| Profit (loss) for the period | 9904 | €58,720 | €106,718 | +€47,998 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,720 | €106,718 | +€47,998 | +81.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.