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
- Receivables within one year +€12,092
up €12,092 (+128.9%), from €9,378 to €21,470
of which Trade receivables: +€18,474
- Tangible fixed assets -€1,919
down €1,919 (-39.3%), from €4,879 to €2,960
of which Furniture and vehicles: -€1,158
- Cash +€1,480
up €1,480 (+109.0%), from €1,358 to €2,838
mainly Tax, wage and social debts (+€7,886) and Net result for the year (+€6,047)
- Tax, wage and social debts +€7,886
up €7,886 (+1525.3%), from €517 to €8,403
- Profit (loss) carried forward +€6,047
up €6,047 (+292.4%), from €2,068 to €8,115
- Trade debts -€1,941
down €1,941 (-16.6%), from €11,692 to €9,750
- Other debts -€338
no longer reported in 2025 (was €338)
- Turnover -€60,562
no longer reported in 2025 (was €60,562)
- Purchases and services -€49,665
no longer reported in 2025 (was €49,665)
- Gross operating margin -€3,465
down €3,465 (-23.6%), from €14,681 to €11,216
- Taxes +€1,132
up €1,132 (+218.9%), from €517 to €1,649
- Depreciation +€721
up €721 (+34.8%), from €2,072 to €2,793
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 | €15,614 | €27,268 | +€11,654 | +74.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,879 | €2,960 | -€1,919 | -39.3% |
| Tangible fixed assets | 22/27 | €4,879 | €2,960 | -€1,919 | -39.3% |
| Plant, machinery and equipment | 23 | €1,187 | €427 | -€761 | -64.1% |
| Furniture and vehicles | 24 | €3,692 | €2,534 | -€1,158 | -31.4% |
| Current assets | 29/58 | €10,735 | €24,308 | +€13,572 | +126.4% |
| Amounts receivable within one year | 40/41 | €9,378 | €21,470 | +€12,092 | +128.9% |
| Trade receivables | 40 | €0 | €18,474 | +€18,474 | |
| Other amounts receivable | 41 | €9,378 | €2,996 | -€6,382 | -68.1% |
| Cash at bank and in hand | 54/58 | €1,358 | €2,838 | +€1,480 | +109.0% |
| Total equity and liabilities | 10/49 | €15,614 | €27,268 | +€11,654 | +74.6% |
| Equity | 10/15 | €3,068 | €9,115 | +€6,047 | +197.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,068 | €8,115 | +€6,047 | +292.4% |
| Amounts payable | 17/49 | €12,546 | €18,153 | +€5,607 | +44.7% |
| Amounts payable within one year | 42/48 | €12,546 | €18,153 | +€5,607 | +44.7% |
| Trade debts | 44 | €11,692 | €9,750 | -€1,941 | -16.6% |
| Suppliers | 440/4 | €11,692 | €9,750 | -€1,941 | -16.6% |
| Taxes, remuneration and social security | 45 | €517 | €8,403 | +€7,886 | +1525.3% |
| Taxes | 450/3 | €517 | €8,403 | +€7,886 | +1525.3% |
| Other amounts payable | 47/48 | €338 | - | -€338 | |
| Turnover | 70 | €60,562 | - | -€60,562 | |
| Goods, raw materials, services and sundry goods | 60/61 | €49,665 | - | -€49,665 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,072 | €2,793 | +€721 | +34.8% |
| Other operating charges | 640/8 | €1,203 | €529 | -€675 | -56.1% |
| Gross operating margin | 9900 | €14,681 | €11,216 | -€3,465 | -23.6% |
| Operating profit (loss) | 9901 | €11,406 | €7,895 | -€3,511 | -30.8% |
| Financial income | 75/76B | €15 | €1 | -€14 | -92.9% |
| Recurring financial income | 75 | €15 | €1 | -€14 | -92.9% |
| Financial charges | 65/66B | €135 | €200 | +€66 | +48.9% |
| Recurring financial charges | 65 | €135 | €200 | +€66 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €11,286 | €7,696 | -€3,590 | -31.8% |
| Income taxes | 67/77 | €517 | €1,649 | +€1,132 | +218.9% |
| Profit (loss) for the period | 9904 | €10,769 | €6,047 | -€4,722 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,769 | €6,047 | -€4,722 | -43.9% |
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.