ASPG: 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.
ASPG
Largest movements
- Stocks and contracts -€64,700
down €64,700 (-48.5%), from €133,366 to €68,666
- Cash +€9,597
new in 2025: €9,597
mainly Stocks and contracts (+€64,700) and Depreciation (+€7,052)
- Tangible fixed assets -€7,052
down €7,052 (-37.5%), from €18,799 to €11,747
- Current investments +€4,000
up €4,000 (+133%), from €3,000 to €7,000
- Deferred charges and accrued income -€3,571
down €3,571 (-43.0%), from €8,310 to €4,740
- Trade debts -€25,749
down €25,749 (-84.4%), from €30,525 to €4,776
- Profit (loss) carried forward -€15,948
down €15,948 (-234%), from -€6,828 to -€22,775
- Debts after one year -€12,178
down €12,178 (-63.0%), from €19,324 to €7,146
- Other debts -€10,216
down €10,216 (-12.8%), from €80,046 to €69,829
- Tax, wage and social debts +€2,753
up €2,753 (+23.8%), from €11,589 to €14,342
of which Taxes: +€2,720
- Other operating charges -€3,238
down €3,238 (-90.2%), from €3,589 to €352
- Staff costs +€1,721
up €1,721 (+22.0%), from €7,826 to €9,547
- Financial income +€1,589
up €1,589 (+117%), from €1,361 to €2,951
- Gross operating margin -€1,175
down €1,175 (-63.2%), from €1,860 to €685
- Depreciation -€618
down €618 (-8.1%), from €7,670 to €7,052
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.
Derived cash bridge
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 | €166,564 | €104,096 | -€62,468 | -37.5% |
| Fixed assets | 21/28 | €19,094 | €12,042 | -€7,052 | -36.9% |
| Tangible fixed assets | 22/27 | €18,799 | €11,747 | -€7,052 | -37.5% |
| Furniture and vehicles | 24 | €18,799 | €11,747 | -€7,052 | -37.5% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €147,470 | €92,054 | -€55,416 | -37.6% |
| Stocks and contracts in progress | 3 | €133,366 | €68,666 | -€64,700 | -48.5% |
| Stocks | 30/36 | €133,366 | €68,666 | -€64,700 | -48.5% |
| Amounts receivable within one year | 40/41 | €2,794 | €2,051 | -€742 | -26.6% |
| Trade receivables | 40 | €925 | €183 | -€742 | -80.2% |
| Other amounts receivable | 41 | €1,868 | €1,868 | = | 0.0% |
| Current investments | 50/53 | €3,000 | €7,000 | +€4,000 | +133% |
| Cash at bank and in hand | 54/58 | - | €9,597 | +€9,597 | |
| Deferred charges and accrued income | 490/1 | €8,310 | €4,740 | -€3,571 | -43.0% |
| Total equity and liabilities | 10/49 | €166,564 | €104,096 | -€62,468 | -37.5% |
| Equity | 10/15 | €11,772 | -€4,175 | -€15,948 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,828 | -€22,775 | -€15,948 | -234% |
| Amounts payable | 17/49 | €154,792 | €108,271 | -€46,521 | -30.1% |
| Amounts payable after more than one year | 17 | €19,324 | €7,146 | -€12,178 | -63.0% |
| Financial debts | 170/4 | €19,324 | €7,146 | -€12,178 | -63.0% |
| Amounts payable within one year | 42/48 | €135,468 | €101,125 | -€34,343 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €11,606 | €12,178 | +€572 | +4.9% |
| Financial debts | 43 | €1,703 | - | -€1,703 | |
| Credit institutions | 430/8 | €1,703 | - | -€1,703 | |
| Trade debts | 44 | €30,525 | €4,776 | -€25,749 | -84.4% |
| Suppliers | 440/4 | €30,525 | €4,776 | -€25,749 | -84.4% |
| Taxes, remuneration and social security | 45 | €11,589 | €14,342 | +€2,753 | +23.8% |
| Taxes | 450/3 | €11,006 | €13,726 | +€2,720 | +24.7% |
| Remuneration and social security | 454/9 | €582 | €616 | +€34 | +5.8% |
| Other amounts payable | 47/48 | €80,046 | €69,829 | -€10,216 | -12.8% |
| Remuneration, social security and pensions | 62 | €7,826 | €9,547 | +€1,721 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,670 | €7,052 | -€618 | -8.1% |
| Other operating charges | 640/8 | €3,589 | €352 | -€3,238 | -90.2% |
| Non-recurring operating charges | 66A | €61 | - | -€61 | |
| Gross operating margin | 9900 | €1,860 | €685 | -€1,175 | -63.2% |
| Operating profit (loss) | 9901 | -€17,288 | -€16,266 | +€1,022 | +5.9% |
| Financial income | 75/76B | €1,361 | €2,951 | +€1,589 | +117% |
| Recurring financial income | 75 | €1,361 | €2,951 | +€1,589 | +117% |
| Financial charges | 65/66B | €2,117 | €2,312 | +€195 | +9.2% |
| Recurring financial charges | 65 | €2,117 | €2,312 | +€195 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,043 | -€15,628 | +€2,416 | +13.4% |
| Income taxes | 67/77 | €287 | €320 | +€33 | +11.6% |
| Profit (loss) for the period | 9904 | -€18,330 | -€15,948 | +€2,383 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,330 | -€15,948 | +€2,383 | +13.0% |
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 26 October 2026 via checked.be.