ASPEKT: what changed
Two fiscal 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.
What changed
ASPEKT
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€8,740
2024 · -€5,692+€14,432
Equity
€1.2m
2024 · €1.3m-€94,760
Cash
€74,611
2024 · €82,756-€8,145
Balance sheet total
€1.3m
2024 · €1.4m-€63,865
Largest movements
Assets
- Current investments -€100,000
down €100,000 (-15.4%), from €650,000 to €550,000
- Receivables within one year +€59,949
up €59,949 (+53.0%), from €113,099 to €173,048
Equity and liabilities
- Reserves -€94,857
down €94,857 (-9.6%), from €988,368 to €893,511
of which Distributable reserves: -€88,100
- Other debts +€35,397
new in 2025: €35,397
Income statement
- Financial income +€25,463
up €25,463 (+191.6%), from €13,291 to €38,755
- Taxes +€6,487
up €6,487 (+807.1%), from €804 to €7,291
- Gross operating margin -€1,879
down €1,879 (-12.6%), from €14,911 to €13,032
- Depreciation +€679
up €679 (+2.3%), from €29,200 to €29,880
- Other operating charges +€216
up €216 (+5.2%), from €4,139 to €4,355
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.
Result 2024
-€5,692
Gross operating margin
-€1,879
Depreciation
-€679
Other operating charges
-€216
Other operating items
-€1,489
Financial income
+€25,463
Financial charges
-€16
Taxes
-€6,487
Deferred taxes and other
-€265
Result 2025
€8,740
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.
From operations
+€10,320
Investment
+€85,034
Financing
-€103,500
Cash 2024
€82,756
From operations (derived)
+€10,320
Net result for the year
+€8,740
Depreciation
+€29,880
Receivables within one year
-€59,949
Deferred charges and accrued income
+€755
Provisions
-€2,252
Trade debts
-€2,478
Other debts
+€35,397
Accrued charges and deferred income
+€228
Investment (derived)
+€85,034
Investment in fixed assets (net)
-€14,966
Current investments
+€100,000
Financing
-€103,500
Contributions, distributions and other
-€103,500
Cash 2025
€74,611
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,370,064 | €1,306,199 | -€63,865 | -4.7% |
| Fixed assets | 21/28 | €520,895 | €505,981 | -€14,914 | -2.9% |
| Tangible fixed assets | 22/27 | €518,157 | €505,981 | -€12,176 | -2.3% |
| Land and buildings | 22 | €472,766 | €474,538 | +€1,772 | +0.4% |
| Plant, machinery and equipment | 23 | €6,885 | €5,596 | -€1,289 | -18.7% |
| Furniture and vehicles | 24 | €38,506 | €25,847 | -€12,659 | -32.9% |
| Financial fixed assets | 28 | €2,738 | €0 | -€2,738 | -100.0% |
| Current assets | 29/58 | €849,170 | €800,218 | -€48,951 | -5.8% |
| Amounts receivable within one year | 40/41 | €113,099 | €173,048 | +€59,949 | +53.0% |
| Other amounts receivable | 41 | €113,099 | €173,048 | +€59,949 | +53.0% |
| Current investments | 50/53 | €650,000 | €550,000 | -€100,000 | -15.4% |
| Cash at bank and in hand | 54/58 | €82,756 | €74,611 | -€8,145 | -9.8% |
| Deferred charges and accrued income | 490/1 | €3,314 | €2,559 | -€755 | -22.8% |
| Total equity and liabilities | 10/49 | €1,370,064 | €1,306,199 | -€63,865 | -4.7% |
| Equity | 10/15 | €1,336,138 | €1,241,378 | -€94,760 | -7.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €988,368 | €893,511 | -€94,857 | -9.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,668 | €77,911 | -€6,757 | -8.0% |
| Distributable reserves | 133 | €897,500 | €809,400 | -€88,100 | -9.8% |
| Profit (loss) carried forward | 14 | €285,770 | €285,867 | +€97 | 0.0% |
| Provisions and deferred taxes | 16 | €28,223 | €25,970 | -€2,252 | -8.0% |
| Deferred taxes | 168 | €28,223 | €25,970 | -€2,252 | -8.0% |
| Amounts payable | 17/49 | €5,703 | €38,851 | +€33,148 | +581.2% |
| Amounts payable within one year | 42/48 | €3,431 | €36,351 | +€32,919 | +959.4% |
| Trade debts | 44 | €3,431 | €954 | -€2,478 | -72.2% |
| Suppliers | 440/4 | €3,431 | €954 | -€2,478 | -72.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €35,397 | +€35,397 | |
| Accrued charges and deferred income | 492/3 | €2,272 | €2,500 | +€228 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,200 | €29,880 | +€679 | +2.3% |
| Other operating charges | 640/8 | €4,139 | €4,355 | +€216 | +5.2% |
| Non-recurring operating charges | 66A | €1,249 | €2,738 | +€1,489 | +119.2% |
| Gross operating margin | 9900 | €14,911 | €13,032 | -€1,879 | -12.6% |
| Operating profit (loss) | 9901 | -€19,677 | -€23,941 | -€4,264 | -21.7% |
| Financial income | 75/76B | €13,291 | €38,755 | +€25,463 | +191.6% |
| Recurring financial income | 75 | €13,291 | €38,755 | +€25,463 | +191.6% |
| Financial charges | 65/66B | €1,020 | €1,035 | +€16 | +1.5% |
| Recurring financial charges | 65 | €1,020 | €1,035 | +€16 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,406 | €13,778 | +€21,184 | |
| Transfer from deferred taxes | 780 | €2,517 | €2,252 | -€265 | -10.5% |
| Income taxes | 67/77 | €804 | €7,291 | +€6,487 | +807.1% |
| Profit (loss) for the period | 9904 | -€5,692 | €8,740 | +€14,432 | |
| Transfer from tax-exempt reserves | 789 | €7,551 | €6,757 | -€794 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,859 | €15,497 | +€13,638 | +733.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.