ASP GROUP: 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 GROUP
Largest movements
- Receivables within one year +€698,825
up €698,825 (+40.1%), from €1.7m to €2.4m
of which Other amounts receivable: +€823,786
- Cash -€78,952
down €78,952 (-49.4%), from €159,819 to €80,867
mainly Receivables within one year (-€698,825) and Accrued charges and deferred income (-€29,242)
- Profit (loss) carried forward +€241,996
up €241,996 (+30.1%), from €803,072 to €1.0m
- Trade debts +€184,846
up €184,846 (+39.5%), from €468,017 to €652,862
- Other debts +€148,046
up €148,046 (+7,578%), from €1,954 to €150,000
- Tax, wage and social debts +€70,217
up €70,217 (+69.0%), from €101,769 to €171,986
of which Taxes: +€70,430
- Accrued charges and deferred income -€29,242
no longer reported in 2025 (was €29,242)
- Gross operating margin +€125,150
up €125,150 (+13.0%), from €962,071 to €1.1m
- Financial income +€17,092
up €17,092 (+42,782%), from €40 to €17,132
- Taxes +€12,802
up €12,802 (+17.0%), from €75,112 to €87,914
- Financial charges -€11,256
down €11,256 (-62.7%), from €17,959 to €6,704
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 | €1,918,916 | €2,534,778 | +€615,863 | +32.1% |
| Fixed assets | 21/28 | €1,299 | €4,324 | +€3,025 | +233% |
| Tangible fixed assets | 22/27 | €999 | €4,174 | +€3,175 | +318% |
| Plant, machinery and equipment | 23 | €999 | €4,174 | +€3,175 | +318% |
| Financial fixed assets | 28 | €300 | €150 | -€150 | -50.0% |
| Current assets | 29/58 | €1,917,617 | €2,530,454 | +€612,838 | +32.0% |
| Amounts receivable within one year | 40/41 | €1,742,615 | €2,441,440 | +€698,825 | +40.1% |
| Trade receivables | 40 | €842,717 | €717,756 | -€124,961 | -14.8% |
| Other amounts receivable | 41 | €899,898 | €1,723,684 | +€823,786 | +91.5% |
| Cash at bank and in hand | 54/58 | €159,819 | €80,867 | -€78,952 | -49.4% |
| Deferred charges and accrued income | 490/1 | €15,183 | €8,147 | -€7,036 | -46.3% |
| Total equity and liabilities | 10/49 | €1,918,916 | €2,534,778 | +€615,863 | +32.1% |
| Equity | 10/15 | €1,317,935 | €1,559,930 | +€241,996 | +18.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €264,863 | €264,863 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,863 | €9,863 | = | 0.0% |
| Distributable reserves | 133 | €255,000 | €255,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €803,072 | €1,045,068 | +€241,996 | +30.1% |
| Amounts payable | 17/49 | €600,981 | €974,848 | +€373,867 | +62.2% |
| Amounts payable within one year | 42/48 | €571,739 | €974,848 | +€403,109 | +70.5% |
| Trade debts | 44 | €468,017 | €652,862 | +€184,846 | +39.5% |
| Suppliers | 440/4 | €468,017 | €652,862 | +€184,846 | +39.5% |
| Taxes, remuneration and social security | 45 | €101,769 | €171,986 | +€70,217 | +69.0% |
| Taxes | 450/3 | €26,618 | €97,049 | +€70,430 | +265% |
| Remuneration and social security | 454/9 | €75,150 | €74,937 | -€213 | -0.3% |
| Other amounts payable | 47/48 | €1,954 | €150,000 | +€148,046 | +7,578% |
| Accrued charges and deferred income | 492/3 | €29,242 | - | -€29,242 | |
| Remuneration, social security and pensions | 62 | €760,819 | €751,251 | -€9,568 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620 | €1,388 | +€768 | +124% |
| Non-recurring operating charges | 66A | - | €15,100 | +€15,100 | |
| Gross operating margin | 9900 | €962,071 | €1,087,221 | +€125,150 | +13.0% |
| Operating profit (loss) | 9901 | €200,632 | €319,482 | +€118,850 | +59.2% |
| Financial income | 75/76B | €40 | €17,132 | +€17,092 | +42,782% |
| Recurring financial income | 75 | €40 | €17,132 | +€17,092 | +42,782% |
| Financial charges | 65/66B | €17,959 | €6,704 | -€11,256 | -62.7% |
| Recurring financial charges | 65 | €17,959 | €6,704 | -€11,256 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €182,713 | €329,910 | +€147,197 | +80.6% |
| Income taxes | 67/77 | €75,112 | €87,914 | +€12,802 | +17.0% |
| Profit (loss) for the period | 9904 | €107,601 | €241,996 | +€134,395 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €107,601 | €241,996 | +€134,395 | +125% |
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 13 October 2026 via checked.be.