ASP: 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.
ASP
Largest movements
- Receivables after one year -€90,400
down €90,400 (-62.2%), from €145,400 to €55,000
- Cash +€45,015
up €45,015 (+14.0%), from €321,976 to €366,991
mainly Receivables after one year (+€90,400) and Net result for the year (+€89,658)
- Receivables within one year +€12,915
up €12,915 (+208.2%), from €6,202 to €19,117
of which Trade receivables: +€8,806
- Tangible fixed assets -€6,707
down €6,707 (-42.1%), from €15,945 to €9,237
- Other debts -€98,877
down €98,877 (-83.3%), from €118,638 to €19,761
- Reserves +€89,658
up €89,658 (+41.1%), from €218,077 to €307,735
- Trade debts -€23,400
down €23,400 (-60.0%), from €39,000 to €15,599
- Gross operating margin -€132,418
down €132,418 (-25.2%), from €524,841 to €392,423
- Taxes -€37,197
down €37,197 (-56.2%), from €66,198 to €29,001
- Staff costs +€27,943
up €27,943 (+12.4%), from €226,198 to €254,141
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 | €507,727 | €471,268 | -€36,458 | -7.2% |
| Fixed assets | 21/28 | €30,945 | €24,237 | -€6,707 | -21.7% |
| Tangible fixed assets | 22/27 | €15,945 | €9,237 | -€6,707 | -42.1% |
| Land and buildings | 22 | €3,517 | €1,570 | -€1,947 | -55.3% |
| Plant, machinery and equipment | 23 | €2,887 | €984 | -€1,903 | -65.9% |
| Furniture and vehicles | 24 | €9,540 | €6,683 | -€2,857 | -29.9% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €476,782 | €447,031 | -€29,751 | -6.2% |
| Amounts receivable after more than one year | 29 | €145,400 | €55,000 | -€90,400 | -62.2% |
| Other amounts receivable | 291 | €145,400 | €55,000 | -€90,400 | -62.2% |
| Stocks and contracts in progress | 3 | €3,204 | €3,050 | -€154 | -4.8% |
| Stocks | 30/36 | €3,204 | €3,050 | -€154 | -4.8% |
| Amounts receivable within one year | 40/41 | €6,202 | €19,117 | +€12,915 | +208.2% |
| Trade receivables | 40 | - | €8,806 | +€8,806 | |
| Other amounts receivable | 41 | €6,202 | €10,311 | +€4,109 | +66.3% |
| Cash at bank and in hand | 54/58 | €321,976 | €366,991 | +€45,015 | +14.0% |
| Deferred charges and accrued income | 490/1 | - | €2,872 | +€2,872 | |
| Total equity and liabilities | 10/49 | €507,727 | €471,268 | -€36,458 | -7.2% |
| Equity | 10/15 | €236,677 | €326,335 | +€89,658 | +37.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €218,077 | €307,735 | +€89,658 | +41.1% |
| Distributable reserves | 133 | €218,077 | €307,735 | +€89,658 | +41.1% |
| Amounts payable | 17/49 | €271,050 | €144,934 | -€126,116 | -46.5% |
| Amounts payable within one year | 42/48 | €271,050 | €144,934 | -€126,116 | -46.5% |
| Trade debts | 44 | €39,000 | €15,599 | -€23,400 | -60.0% |
| Suppliers | 440/4 | €39,000 | €15,599 | -€23,400 | -60.0% |
| Taxes, remuneration and social security | 45 | €113,412 | €109,573 | -€3,839 | -3.4% |
| Taxes | 450/3 | €72,388 | €36,721 | -€35,668 | -49.3% |
| Remuneration and social security | 454/9 | €41,024 | €72,853 | +€31,829 | +77.6% |
| Other amounts payable | 47/48 | €118,638 | €19,761 | -€98,877 | -83.3% |
| Remuneration, social security and pensions | 62 | €226,198 | €254,141 | +€27,943 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,555 | €8,867 | -€689 | -7.2% |
| Other operating charges | 640/8 | €9,214 | €7,737 | -€1,477 | -16.0% |
| Gross operating margin | 9900 | €524,841 | €392,423 | -€132,418 | -25.2% |
| Operating profit (loss) | 9901 | €279,873 | €121,678 | -€158,195 | -56.5% |
| Financial income | 75/76B | €248 | €140 | -€108 | -43.5% |
| Recurring financial income | 75 | €248 | €140 | -€108 | -43.5% |
| Financial charges | 65/66B | €2,887 | €3,159 | +€272 | +9.4% |
| Recurring financial charges | 65 | €2,887 | €3,159 | +€272 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €277,234 | €118,660 | -€158,574 | -57.2% |
| Income taxes | 67/77 | €66,198 | €29,001 | -€37,197 | -56.2% |
| Profit (loss) for the period | 9904 | €211,036 | €89,658 | -€121,378 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €211,036 | €89,658 | -€121,378 | -57.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.