ASPAVA: 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.
ASPAVA
Largest movements
- Intangible fixed assets -€106,263
down €106,263 (-95.6%), from €111,111 to €4,848
- Cash -€43,374
down €43,374 (-85.4%), from €50,784 to €7,410
- Receivables within one year +€23,165
up €23,165 (+7,070%), from €328 to €23,493
- Debts within one year -€141,082
down €141,082 (-88.1%), from €160,061 to €18,979
- Debts after one year +€130,041
new in 2023: €130,041
- Profit (loss) carried forward -€115,748
down €115,748 (-316%), from -€36,607 to -€152,355
- Staff costs +€55,666
new in 2023: €55,666
- Gross operating margin -€28,067
down €28,067 (-38.8%), from €72,303 to €44,235
- Other operating charges +€11,089
new in 2023: €11,089
- Depreciation -€4,455
down €4,455 (-32.1%), from €13,889 to €9,434
- Financial charges +€2,461
new in 2023: €2,461
From the 2019 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,454 | €36,665 | -€126,790 | -77.6% |
| Fixed assets | 21/28 | €111,231 | €4,968 | -€106,263 | -95.5% |
| Intangible fixed assets | 21 | €111,111 | €4,848 | -€106,263 | -95.6% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €52,223 | €31,697 | -€20,527 | -39.3% |
| Stocks and contracts in progress | 3 | €1,111 | €793 | -€318 | -28.6% |
| Stocks | 30/36 | - | €793 | +€793 | |
| Amounts receivable within one year | 40/41 | €328 | €23,493 | +€23,165 | +7,070% |
| Trade receivables | 40 | - | €23,493 | +€23,493 | |
| Cash at bank and in hand | 54/58 | €50,784 | €7,410 | -€43,374 | -85.4% |
| Total equity and liabilities | 10/49 | €163,454 | €36,665 | -€126,790 | -77.6% |
| Equity | 10/15 | €3,393 | -€112,355 | -€115,748 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,607 | -€152,355 | -€115,748 | -316% |
| Amounts payable | 17/49 | €160,061 | €149,020 | -€11,041 | -6.9% |
| Amounts payable after more than one year | 17 | - | €130,041 | +€130,041 | |
| Financial debts | 170/4 | - | €130,041 | +€130,041 | |
| Amounts payable within one year | 42/48 | €160,061 | €18,979 | -€141,082 | -88.1% |
| Trade debts | 44 | €44,583 | €10,294 | -€34,289 | -76.9% |
| Suppliers | 440/4 | - | €10,294 | +€10,294 | |
| Taxes, remuneration and social security | 45 | - | €8,685 | +€8,685 | |
| Taxes | 450/3 | - | €107 | +€107 | |
| Remuneration and social security | 454/9 | - | €8,578 | +€8,578 | |
| Remuneration, social security and pensions | 62 | - | €55,666 | +€55,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,889 | €9,434 | -€4,455 | -32.1% |
| Other operating charges | 640/8 | - | €11,089 | +€11,089 | |
| Non-recurring operating charges | 66A | - | €40,578 | +€40,578 | |
| Gross operating margin | 9900 | €72,303 | €44,235 | -€28,067 | -38.8% |
| Operating profit (loss) | 9901 | -€35,921 | -€72,533 | -€36,611 | -102% |
| Financial income | 75/76B | - | €336 | +€336 | |
| Recurring financial income | 75 | - | €336 | +€336 | |
| Financial charges | 65/66B | - | €2,461 | +€2,461 | |
| Recurring financial charges | 65 | €686 | €2,461 | +€1,776 | +259% |
| Profit (loss) for the period before taxes | 9903 | -€36,607 | -€74,658 | -€38,051 | -104% |
| Profit (loss) for the period | 9904 | -€36,607 | -€74,658 | -€38,051 | -104% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,607 | -€74,658 | -€38,051 | -104% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.