ASPARAS: 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.
ASPARAS
Largest movements
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash -€17,150
down €17,150 (-20.9%), from €82,200 to €65,050
mainly Net result for the year (-€65,554) and Other debts (-€12,319)
- Receivables within one year -€8,023
down €8,023 (-37.1%), from €21,627 to €13,604
of which Trade receivables: -€4,775
- Profit (loss) carried forward -€65,554
down €65,554, from €0 to -€65,554
- Other debts -€12,319
down €12,319 (-100%), from €12,319 to €0
- Tax, wage and social debts +€2,584
up €2,584 (+1,172%), from €221 to €2,805
of which Taxes: +€2,584
- Short-term financial debts +€1,780
up €1,780 (+11,865%), from €15 to €1,795
of which Other loans: +€1,795
- Gross operating margin -€70,745
down €70,745, from €5,952 to -€64,792
- Financial income +€1,729
up €1,729 (+1,502%), from €115 to €1,844
- Taxes -€1,499
down €1,499 (-91.9%), from €1,631 to €132
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 | €156,670 | €83,071 | -€73,599 | -47.0% |
| Fixed assets | 21/28 | €1,893 | €2,649 | +€756 | +39.9% |
| Tangible fixed assets | 22/27 | €1,643 | €2,399 | +€756 | +46.0% |
| Furniture and vehicles | 24 | €1,143 | €2,149 | +€1,006 | +88.0% |
| Other tangible fixed assets | 26 | €500 | €250 | -€250 | -50.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €154,778 | €80,423 | -€74,355 | -48.0% |
| Amounts receivable within one year | 40/41 | €21,627 | €13,604 | -€8,023 | -37.1% |
| Trade receivables | 40 | €4,775 | €0 | -€4,775 | -100% |
| Other amounts receivable | 41 | €16,852 | €13,604 | -€3,248 | -19.3% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €82,200 | €65,050 | -€17,150 | -20.9% |
| Deferred charges and accrued income | 490/1 | €951 | €1,769 | +€818 | +86.1% |
| Total equity and liabilities | 10/49 | €156,670 | €83,071 | -€73,599 | -47.0% |
| Equity | 10/15 | €142,215 | €76,660 | -€65,554 | -46.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,615 | €123,615 | = | 0.0% |
| Distributable reserves | 133 | €123,615 | €123,615 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€65,554 | -€65,554 | |
| Amounts payable | 17/49 | €14,456 | €6,411 | -€8,044 | -55.6% |
| Amounts payable within one year | 42/48 | €14,456 | €6,411 | -€8,044 | -55.6% |
| Financial debts | 43 | €15 | €1,795 | +€1,780 | +11,865% |
| Credit institutions | 430/8 | €15 | €0 | -€15 | -100% |
| Other loans | 439 | - | €1,795 | +€1,795 | |
| Trade debts | 44 | €1,901 | €1,812 | -€89 | -4.7% |
| Suppliers | 440/4 | €1,901 | €1,812 | -€89 | -4.7% |
| Taxes, remuneration and social security | 45 | €221 | €2,805 | +€2,584 | +1,172% |
| Taxes | 450/3 | €21 | €2,605 | +€2,584 | +12,587% |
| Remuneration and social security | 454/9 | €200 | €200 | = | 0.0% |
| Other amounts payable | 47/48 | €12,319 | €0 | -€12,319 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,449 | €1,677 | +€229 | +15.8% |
| Other operating charges | 640/8 | €605 | €621 | +€17 | +2.8% |
| Gross operating margin | 9900 | €5,952 | -€64,792 | -€70,745 | |
| Operating profit (loss) | 9901 | €3,899 | -€67,091 | -€70,990 | |
| Financial income | 75/76B | €115 | €1,844 | +€1,729 | +1,502% |
| Recurring financial income | 75 | €115 | €1,844 | +€1,729 | +1,502% |
| Financial charges | 65/66B | €459 | €176 | -€283 | -61.7% |
| Recurring financial charges | 65 | €459 | €176 | -€283 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €3,556 | -€65,422 | -€68,978 | |
| Income taxes | 67/77 | €1,631 | €132 | -€1,499 | -91.9% |
| Profit (loss) for the period | 9904 | €1,925 | -€65,554 | -€67,479 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,925 | -€65,554 | -€67,479 |
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 19 October 2026 via checked.be.