ASP BELGIUM: 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.
ASP BELGIUM
Largest movements
- Cash +€532,410
up €532,410 (+49.5%), from €1.1m to €1.6m
mainly Trade debts (+€368,980) and Depreciation (+€162,761)
- Intangible fixed assets -€162,761
down €162,761 (-23.5%), from €691,270 to €528,509
- Receivables within one year -€106,364
down €106,364 (-14.2%), from €746,468 to €640,104
of which Trade receivables: -€106,364
- Trade debts +€368,980
up €368,980 (+1,288%), from €28,643 to €397,623
- Other debts -€297,980
down €297,980 (-100%), from €297,980 to €0
- Profit (loss) carried forward +€121,694
up €121,694 (+15.1%), from -€806,391 to -€684,696
- Tax, wage and social debts +€51,772
up €51,772 (+47.3%), from €109,381 to €161,153
of which Taxes: +€41,479
- Gross operating margin +€124,754
up €124,754 (+17.8%), from €699,001 to €823,755
- Staff costs +€114,009
up €114,009 (+27.4%), from €416,547 to €530,556
- Other operating charges -€12,392
down €12,392 (-66.1%), from €18,757 to €6,365
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 | €2,653,803 | €2,901,589 | +€247,787 | +9.3% |
| Fixed assets | 21/28 | €691,338 | €528,509 | -€162,829 | -23.6% |
| Intangible fixed assets | 21 | €691,270 | €528,509 | -€162,761 | -23.5% |
| Financial fixed assets | 28 | €68 | €0 | -€68 | -100% |
| Current assets | 29/58 | €1,962,465 | €2,373,080 | +€410,616 | +20.9% |
| Stocks and contracts in progress | 3 | €132,330 | €119,988 | -€12,342 | -9.3% |
| Stocks | 30/36 | €132,330 | €119,988 | -€12,342 | -9.3% |
| Amounts receivable within one year | 40/41 | €746,468 | €640,104 | -€106,364 | -14.2% |
| Trade receivables | 40 | €720,418 | €614,054 | -€106,364 | -14.8% |
| Other amounts receivable | 41 | €26,050 | €26,050 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,075,442 | €1,607,852 | +€532,410 | +49.5% |
| Deferred charges and accrued income | 490/1 | €8,225 | €5,137 | -€3,088 | -37.5% |
| Total equity and liabilities | 10/49 | €2,653,803 | €2,901,589 | +€247,787 | +9.3% |
| Equity | 10/15 | €2,129,404 | €2,251,098 | +€121,694 | +5.7% |
| Contributions | 10/11 | €2,935,794 | €2,935,794 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€806,391 | -€684,696 | +€121,694 | +15.1% |
| Amounts payable | 17/49 | €524,399 | €650,491 | +€126,092 | +24.0% |
| Amounts payable after more than one year | 17 | €5,454 | €7,887 | +€2,433 | +44.6% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €5,454 | €7,887 | +€2,433 | +44.6% |
| Amounts payable within one year | 42/48 | €436,004 | €558,776 | +€122,772 | +28.2% |
| Trade debts | 44 | €28,643 | €397,623 | +€368,980 | +1,288% |
| Suppliers | 440/4 | €28,643 | €397,623 | +€368,980 | +1,288% |
| Taxes, remuneration and social security | 45 | €109,381 | €161,153 | +€51,772 | +47.3% |
| Taxes | 450/3 | €29,300 | €70,779 | +€41,479 | +142% |
| Remuneration and social security | 454/9 | €80,081 | €90,374 | +€10,293 | +12.9% |
| Other amounts payable | 47/48 | €297,980 | €0 | -€297,980 | -100% |
| Accrued charges and deferred income | 492/3 | €82,941 | €83,828 | +€887 | +1.1% |
| Remuneration, social security and pensions | 62 | €416,547 | €530,556 | +€114,009 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,761 | €162,761 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €115 | -€698 | -€812 | |
| Other operating charges | 640/8 | €18,757 | €6,365 | -€12,392 | -66.1% |
| Gross operating margin | 9900 | €699,001 | €823,755 | +€124,754 | +17.8% |
| Operating profit (loss) | 9901 | €100,822 | €124,771 | +€23,949 | +23.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,589 | €2,032 | -€6,557 | -76.3% |
| Recurring financial charges | 65 | €8,589 | €2,032 | -€6,557 | -76.3% |
| Profit (loss) for the period before taxes | 9903 | €92,233 | €122,739 | +€30,506 | +33.1% |
| Income taxes | 67/77 | €994 | €1,045 | +€51 | +5.1% |
| Profit (loss) for the period | 9904 | €91,239 | €121,694 | +€30,456 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €91,239 | €121,694 | +€30,456 | +33.4% |
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 30 October 2026 via checked.be.