ASP CONSTRUCT: 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 CONSTRUCT
Largest movements
- Tangible fixed assets +€19,244
up €19,244 (+66.5%), from €28,951 to €48,195
of which Furniture and vehicles: +€15,525
- Cash +€14,133
up €14,133 (+52.9%), from €26,696 to €40,828
mainly Debts after one year (+€21,346) and Depreciation (+€14,098)
- Deferred charges and accrued income +€5,559
up €5,559 (+81.6%), from €6,809 to €12,368
- Receivables within one year +€4,453
up €4,453 (+12.6%), from €35,350 to €39,803
of which Trade receivables: +€2,937
- Debts after one year +€21,346
up €21,346 (+538.3%), from €3,966 to €25,312
- Tax, wage and social debts +€9,903
up €9,903 (+86.6%), from €11,430 to €21,333
of which Remuneration and social security: +€13,839
- Trade debts +€7,006
up €7,006 (+29.4%), from €23,832 to €30,839
- Current portion of long-term debt -€5,889
down €5,889 (-49.2%), from €11,960 to €6,072
- Profit (loss) carried forward +€5,717
up €5,717 (+66.8%), from €8,560 to €14,278
- Staff costs +€62,892
up €62,892 (+395.1%), from €15,917 to €78,809
- Gross operating margin +€41,470
up €41,470 (+65.9%), from €62,883 to €104,354
- Taxes -€5,022
down €5,022 (-76.7%), from €6,547 to €1,525
- Financial charges +€2,204
up €2,204 (+101.7%), from €2,168 to €4,372
- Financial income +€1,439
up €1,439 (+318.8%), from €452 to €1,891
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 | €97,805 | €141,195 | +€43,390 | +44.4% |
| Fixed assets | 21/28 | €28,951 | €48,195 | +€19,244 | +66.5% |
| Tangible fixed assets | 22/27 | €28,951 | €48,195 | +€19,244 | +66.5% |
| Plant, machinery and equipment | 23 | €2,248 | €1,486 | -€762 | -33.9% |
| Furniture and vehicles | 24 | €26,703 | €42,228 | +€15,525 | +58.1% |
| Other tangible fixed assets | 26 | - | €4,481 | +€4,481 | |
| Current assets | 29/58 | €68,855 | €93,000 | +€24,146 | +35.1% |
| Amounts receivable within one year | 40/41 | €35,350 | €39,803 | +€4,453 | +12.6% |
| Trade receivables | 40 | €30,549 | €33,487 | +€2,937 | +9.6% |
| Other amounts receivable | 41 | €4,801 | €6,317 | +€1,516 | +31.6% |
| Cash at bank and in hand | 54/58 | €26,696 | €40,828 | +€14,133 | +52.9% |
| Deferred charges and accrued income | 490/1 | €6,809 | €12,368 | +€5,559 | +81.6% |
| Total equity and liabilities | 10/49 | €97,805 | €141,195 | +€43,390 | +44.4% |
| Equity | 10/15 | €42,078 | €47,795 | +€5,717 | +13.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €23,518 | €23,518 | = | 0.0% |
| Distributable reserves | 133 | €23,518 | €23,518 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,560 | €14,278 | +€5,717 | +66.8% |
| Amounts payable | 17/49 | €55,727 | €93,400 | +€37,672 | +67.6% |
| Amounts payable after more than one year | 17 | €3,966 | €25,312 | +€21,346 | +538.3% |
| Financial debts | 170/4 | €3,966 | €25,312 | +€21,346 | +538.3% |
| Amounts payable within one year | 42/48 | €51,762 | €68,088 | +€16,326 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €11,960 | €6,072 | -€5,889 | -49.2% |
| Trade debts | 44 | €23,832 | €30,839 | +€7,006 | +29.4% |
| Suppliers | 440/4 | €23,832 | €30,839 | +€7,006 | +29.4% |
| Taxes, remuneration and social security | 45 | €11,430 | €21,333 | +€9,903 | +86.6% |
| Taxes | 450/3 | €5,018 | €1,082 | -€3,936 | -78.4% |
| Remuneration and social security | 454/9 | €6,412 | €20,251 | +€13,839 | +215.8% |
| Other amounts payable | 47/48 | €4,538 | €9,844 | +€5,305 | +116.9% |
| Remuneration, social security and pensions | 62 | €15,917 | €78,809 | +€62,892 | +395.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,268 | €14,098 | -€170 | -1.2% |
| Other operating charges | 640/8 | €1,691 | €1,722 | +€31 | +1.8% |
| Non-recurring operating charges | 66A | €6,251 | - | -€6,251 | |
| Gross operating margin | 9900 | €62,883 | €104,354 | +€41,470 | +65.9% |
| Operating profit (loss) | 9901 | €24,755 | €9,724 | -€15,031 | -60.7% |
| Financial income | 75/76B | €452 | €1,891 | +€1,439 | +318.8% |
| Recurring financial income | 75 | €452 | €1,891 | +€1,439 | +318.8% |
| Financial charges | 65/66B | €2,168 | €4,372 | +€2,204 | +101.7% |
| Recurring financial charges | 65 | €2,168 | €4,372 | +€2,204 | +101.7% |
| Profit (loss) for the period before taxes | 9903 | €23,039 | €7,242 | -€15,796 | -68.6% |
| Income taxes | 67/77 | €6,547 | €1,525 | -€5,022 | -76.7% |
| Profit (loss) for the period | 9904 | €16,492 | €5,717 | -€10,775 | -65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,492 | €5,717 | -€10,775 | -65.3% |
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 11 October 2026 via checked.be.