ASPENDOS: 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.
ASPENDOS
Largest movements
- Receivables within one year -€20,855
no longer reported in 2025 (was €20,855)
- Tangible fixed assets -€5,000
down €5,000 (-7.2%), from €69,250 to €64,250
- Reserves -€43,981
down €43,981 (-79.6%), from €55,239 to €11,259
of which Distributable reserves: -€43,981
- Profit (loss) carried forward +€38,938
no longer reported in 2025 (was -€38,938)
- Other debts -€17,537
down €17,537 (-27.3%), from €64,328 to €46,791
- Trade debts -€2,918
no longer reported in 2025 (was €2,918)
- Gross operating margin +€4,790
up €4,790, from -€4,433 to €357
- Other operating charges -€1,871
down €1,871 (-82.4%), from €2,271 to €400
- Financial charges -€937
no longer reported in 2025 (was €937)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,105 | €64,250 | -€25,855 | -28.7% |
| Fixed assets | 21/28 | €69,250 | €64,250 | -€5,000 | -7.2% |
| Tangible fixed assets | 22/27 | €69,250 | €64,250 | -€5,000 | -7.2% |
| Land and buildings | 22 | €69,250 | €64,250 | -€5,000 | -7.2% |
| Current assets | 29/58 | €20,855 | - | -€20,855 | |
| Amounts receivable within one year | 40/41 | €20,855 | - | -€20,855 | |
| Other amounts receivable | 41 | €20,855 | - | -€20,855 | |
| Total equity and liabilities | 10/49 | €90,105 | €64,250 | -€25,855 | -28.7% |
| Equity | 10/15 | €22,502 | €17,459 | -€5,043 | -22.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,239 | €11,259 | -€43,981 | -79.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,379 | €9,399 | -€43,981 | -82.4% |
| Profit (loss) carried forward | 14 | -€38,938 | - | +€38,938 | |
| Amounts payable | 17/49 | €67,603 | €46,791 | -€20,812 | -30.8% |
| Amounts payable within one year | 42/48 | €67,603 | €46,791 | -€20,812 | -30.8% |
| Trade debts | 44 | €2,918 | - | -€2,918 | |
| Suppliers | 440/4 | €2,918 | - | -€2,918 | |
| Taxes, remuneration and social security | 45 | €357 | - | -€357 | |
| Taxes | 450/3 | €357 | - | -€357 | |
| Other amounts payable | 47/48 | €64,328 | €46,791 | -€17,537 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | €5,000 | = | 0.0% |
| Other operating charges | 640/8 | €2,271 | €400 | -€1,871 | -82.4% |
| Gross operating margin | 9900 | -€4,433 | €357 | +€4,790 | |
| Operating profit (loss) | 9901 | -€11,704 | -€5,043 | +€6,661 | +56.9% |
| Financial charges | 65/66B | €937 | - | -€937 | |
| Recurring financial charges | 65 | €937 | - | -€937 | |
| Profit (loss) for the period before taxes | 9903 | -€12,641 | -€5,043 | +€7,598 | +60.1% |
| Profit (loss) for the period | 9904 | -€12,641 | -€5,043 | +€7,598 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,641 | -€5,043 | +€7,598 | +60.1% |
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 3 October 2026 via checked.be.