ASO: 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.
ASO
Largest movements
- Cash -€1,319
down €1,319 (-64.0%), from €2,061 to €743
mainly Net result for the year (-€17,070)
- Receivables within one year -€1,090
down €1,090 (-8.8%), from €12,355 to €11,265
- Tangible fixed assets -€607
down €607 (-28.1%), from €2,158 to €1,552
- Equity -€17,070
down €17,070 (-34.3%), from -€49,790 to -€66,860
of which Profit (loss) carried forward: -€17,070
- Debts within one year +€14,055
up €14,055 (+20.8%), from €67,665 to €81,720
- Gross operating margin +€12,451
up €12,451 (+69.3%), from -€17,962 to -€5,511
- Depreciation -€455
down €455 (-42.9%), from €1,062 to €607
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,875 | €14,859 | -€3,015 | -16.9% |
| Fixed assets | 21/28 | €3,458 | €2,852 | -€607 | -17.5% |
| Tangible fixed assets | 22/27 | €2,158 | €1,552 | -€607 | -28.1% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €14,416 | €12,008 | -€2,409 | -16.7% |
| Amounts receivable within one year | 40/41 | €12,355 | €11,265 | -€1,090 | -8.8% |
| Cash at bank and in hand | 54/58 | €2,061 | €743 | -€1,319 | -64.0% |
| Total equity and liabilities | 10/49 | €17,875 | €14,859 | -€3,015 | -16.9% |
| Equity | 10/15 | -€49,790 | -€66,860 | -€17,070 | -34.3% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | -€55,990 | -€73,060 | -€17,070 | -30.5% |
| Amounts payable | 17/49 | €67,665 | €81,720 | +€14,055 | +20.8% |
| Amounts payable within one year | 42/48 | €67,665 | €81,720 | +€14,055 | +20.8% |
| Trade debts | 44 | €17,336 | €15,141 | -€2,195 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,062 | €607 | -€455 | -42.9% |
| Gross operating margin | 9900 | -€17,962 | -€5,511 | +€12,451 | +69.3% |
| Operating profit (loss) | 9901 | -€55,875 | -€16,012 | +€39,863 | +71.3% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -98.5% |
| Recurring financial charges | 65 | €134 | €1,058 | +€924 | +689% |
| Profit (loss) for the period before taxes | 9903 | -€55,990 | -€17,070 | +€38,920 | +69.5% |
| Profit (loss) for the period | 9904 | -€55,990 | -€17,070 | +€38,920 | +69.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,990 | -€17,070 | +€38,920 | +69.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.