ASPEX: 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.
ASPEX
Largest movements
- Receivables after one year -€8,686
down €8,686 (-11.3%), from €77,079 to €68,393
- Tangible fixed assets -€7,526
down €7,526 (-5.9%), from €127,410 to €119,885
of which Land and buildings: -€8,502
- Cash +€7,032
up €7,032 (+2.4%), from €292,611 to €299,643
mainly Tax, wage and social debts (+€130,603) and Depreciation (+€11,672)
- Reserves -€298,719
no longer reported in 2024 (was €298,719)
- Profit (loss) carried forward +€255,170
up €255,170, from -€183,670 to €71,501
- Tax, wage and social debts +€130,603
new in 2024: €130,603
- Provisions -€99,573
no longer reported in 2024 (was €99,573)
- Trade debts +€5,376
up €5,376 (+1703.8%), from €316 to €5,692
- Taxes +€95,753
new in 2024: €95,753
- Financial charges +€35,996
up €35,996 (+64404.4%), from €56 to €36,051
- Gross operating margin -€6,581
down €6,581 (-79.1%), from €8,320 to €1,740
- Depreciation +€714
up €714 (+6.5%), from €10,958 to €11,672
- Financial income +€493
up €493 (+22.8%), from €2,161 to €2,655
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €501,701 | €494,558 | -€7,143 | -1.4% |
| Fixed assets | 21/28 | €127,410 | €119,885 | -€7,526 | -5.9% |
| Tangible fixed assets | 22/27 | €127,410 | €119,885 | -€7,526 | -5.9% |
| Land and buildings | 22 | €122,253 | €113,751 | -€8,502 | -7.0% |
| Plant, machinery and equipment | 23 | €1,089 | €2,669 | +€1,580 | +145.0% |
| Furniture and vehicles | 24 | €4,068 | €3,464 | -€603 | -14.8% |
| Current assets | 29/58 | €374,291 | €374,674 | +€383 | +0.1% |
| Amounts receivable after more than one year | 29 | €77,079 | €68,393 | -€8,686 | -11.3% |
| Trade receivables | 290 | €77,079 | €68,393 | -€8,686 | -11.3% |
| Cash at bank and in hand | 54/58 | €292,611 | €299,643 | +€7,032 | +2.4% |
| Deferred charges and accrued income | 490/1 | €4,601 | €6,637 | +€2,037 | +44.3% |
| Total equity and liabilities | 10/49 | €501,701 | €494,558 | -€7,143 | -1.4% |
| Equity | 10/15 | €401,812 | €358,264 | -€43,549 | -10.8% |
| Contributions | 10/11 | €286,763 | €286,763 | = | 0.0% |
| Reserves | 13 | €298,719 | - | -€298,719 | |
| Tax-exempt reserves | 132 | €298,719 | - | -€298,719 | |
| Profit (loss) carried forward | 14 | -€183,670 | €71,501 | +€255,170 | |
| Provisions and deferred taxes | 16 | €99,573 | - | -€99,573 | |
| Deferred taxes | 168 | €99,573 | - | -€99,573 | |
| Amounts payable | 17/49 | €316 | €136,295 | +€135,979 | +43094.1% |
| Amounts payable within one year | 42/48 | €316 | €136,295 | +€135,979 | +43094.1% |
| Trade debts | 44 | €316 | €5,692 | +€5,376 | +1703.8% |
| Suppliers | 440/4 | €316 | €5,692 | +€5,376 | +1703.8% |
| Taxes, remuneration and social security | 45 | - | €130,603 | +€130,603 | |
| Taxes | 450/3 | - | €130,603 | +€130,603 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,958 | €11,672 | +€714 | +6.5% |
| Other operating charges | 640/8 | €3,822 | €4,040 | +€217 | +5.7% |
| Gross operating margin | 9900 | €8,320 | €1,740 | -€6,581 | -79.1% |
| Operating profit (loss) | 9901 | -€6,460 | -€13,972 | -€7,512 | -116.3% |
| Financial income | 75/76B | €2,161 | €2,655 | +€493 | +22.8% |
| Recurring financial income | 75 | €2,161 | €2,655 | +€493 | +22.8% |
| Financial charges | 65/66B | €56 | €36,051 | +€35,996 | +64404.4% |
| Recurring financial charges | 65 | €56 | €36,051 | +€35,996 | +64404.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,355 | -€47,369 | -€43,014 | -987.8% |
| Transfer from deferred taxes | 780 | - | €99,573 | +€99,573 | |
| Income taxes | 67/77 | - | €95,753 | +€95,753 | |
| Profit (loss) for the period | 9904 | -€4,355 | -€43,549 | -€39,194 | -900.0% |
| Transfer from tax-exempt reserves | 789 | - | €298,719 | +€298,719 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,355 | €255,170 | +€259,525 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.