ASPC: 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.
ASPC
Largest movements
- Receivables within one year +€18,042
up €18,042 (+71.8%), from €25,139 to €43,181
of which Trade receivables: +€15,635
- Tangible fixed assets -€16,300
down €16,300 (-45.6%), from €35,722 to €19,422
of which Furniture and vehicles: -€13,777
- Current investments +€13,645
up €13,645 (+10.9%), from €125,000 to €138,645
- Cash -€8,823
down €8,823 (-5.2%), from €169,298 to €160,475
mainly Contributions, distributions and other (-€55,672) and Receivables within one year (-€18,042)
- Reserves +€14,620
up €14,620 (+4.1%), from €357,642 to €372,262
- Current portion of long-term debt -€5,833
down €5,833 (-100.0%), from €5,833 to €0
- Gross operating margin +€6,438
up €6,438 (+6.0%), from €106,464 to €112,902
- Taxes +€1,947
up €1,947 (+7.3%), from €26,604 to €28,551
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 | €412,882 | €419,386 | +€6,504 | +1.6% |
| Fixed assets | 21/28 | €35,722 | €19,422 | -€16,300 | -45.6% |
| Tangible fixed assets | 22/27 | €35,722 | €19,422 | -€16,300 | -45.6% |
| Plant, machinery and equipment | 23 | €3,849 | €2,372 | -€1,476 | -38.4% |
| Furniture and vehicles | 24 | €27,416 | €13,639 | -€13,777 | -50.3% |
| Other tangible fixed assets | 26 | €4,457 | €3,411 | -€1,046 | -23.5% |
| Current assets | 29/58 | €377,160 | €399,963 | +€22,803 | +6.0% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,139 | €43,181 | +€18,042 | +71.8% |
| Trade receivables | 40 | €25,139 | €40,774 | +€15,635 | +62.2% |
| Other amounts receivable | 41 | €0 | €2,407 | +€2,407 | |
| Current investments | 50/53 | €125,000 | €138,645 | +€13,645 | +10.9% |
| Cash at bank and in hand | 54/58 | €169,298 | €160,475 | -€8,823 | -5.2% |
| Deferred charges and accrued income | 490/1 | €17,723 | €17,663 | -€61 | -0.3% |
| Total equity and liabilities | 10/49 | €412,882 | €419,386 | +€6,504 | +1.6% |
| Equity | 10/15 | €376,242 | €390,862 | +€14,620 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €357,642 | €372,262 | +€14,620 | +4.1% |
| Distributable reserves | 133 | €357,642 | €372,262 | +€14,620 | +4.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,640 | €28,523 | -€8,117 | -22.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €35,690 | €28,523 | -€7,167 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €5,833 | €0 | -€5,833 | -100.0% |
| Financial debts | 43 | €72 | €81 | +€8 | +11.7% |
| Credit institutions | 430/8 | €72 | €81 | +€8 | +11.7% |
| Trade debts | 44 | €1,206 | €1,404 | +€198 | +16.4% |
| Suppliers | 440/4 | €1,206 | €1,404 | +€198 | +16.4% |
| Taxes, remuneration and social security | 45 | €26,269 | €25,373 | -€896 | -3.4% |
| Taxes | 450/3 | €20,849 | €19,953 | -€896 | -4.3% |
| Remuneration and social security | 454/9 | €5,420 | €5,420 | = | 0.0% |
| Other amounts payable | 47/48 | €2,310 | €1,666 | -€644 | -27.9% |
| Accrued charges and deferred income | 492/3 | €950 | €0 | -€950 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,064 | €17,580 | +€516 | +3.0% |
| Other operating charges | 640/8 | €2,660 | €1,691 | -€969 | -36.4% |
| Gross operating margin | 9900 | €106,464 | €112,902 | +€6,438 | +6.0% |
| Operating profit (loss) | 9901 | €86,740 | €93,631 | +€6,891 | +7.9% |
| Financial income | 75/76B | €6,648 | €5,847 | -€800 | -12.0% |
| Recurring financial income | 75 | €6,648 | €5,847 | -€800 | -12.0% |
| Financial charges | 65/66B | €991 | €636 | -€356 | -35.9% |
| Recurring financial charges | 65 | €991 | €636 | -€356 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €92,397 | €98,843 | +€6,446 | +7.0% |
| Income taxes | 67/77 | €26,604 | €28,551 | +€1,947 | +7.3% |
| Profit (loss) for the period | 9904 | €65,793 | €70,292 | +€4,499 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,793 | €70,292 | +€4,499 | +6.8% |
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 10 October 2026 via checked.be.