ASPH: 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.
ASPH
Largest movements
- Receivables within one year +€3,015
new in 2025: €3,015
- Cash -€495
down €495 (-100.0%), from €495 to €0
mainly Net result for the year (-€3,185) and Receivables within one year (-€3,015)
- Other debts +€3,373
up €3,373 (+840.3%), from €401 to €3,775
- Profit (loss) carried forward -€3,185
down €3,185 (-29.8%), from -€10,690 to -€13,875
- Trade debts +€2,225
up €2,225 (+284.1%), from €783 to €3,009
- Short-term financial debts +€106
new in 2025: €106
- Gross operating margin +€218
up €218 (+9.0%), from -€2,431 to -€2,213
- Financial charges +€53
up €53 (+13.2%), from €399 to €452
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 | €495 | €3,015 | +€2,520 | +509.4% |
| Current assets | 29/58 | €495 | €3,015 | +€2,520 | +509.4% |
| Amounts receivable within one year | 40/41 | - | €3,015 | +€3,015 | |
| Other amounts receivable | 41 | - | €3,015 | +€3,015 | |
| Cash at bank and in hand | 54/58 | €495 | €0 | -€495 | -100.0% |
| Total equity and liabilities | 10/49 | €495 | €3,015 | +€2,520 | +509.4% |
| Equity | 10/15 | -€690 | -€3,875 | -€3,185 | -461.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,690 | -€13,875 | -€3,185 | -29.8% |
| Amounts payable | 17/49 | €1,185 | €6,889 | +€5,705 | +481.5% |
| Amounts payable within one year | 42/48 | €1,185 | €6,889 | +€5,705 | +481.5% |
| Financial debts | 43 | - | €106 | +€106 | |
| Credit institutions | 430/8 | - | €106 | +€106 | |
| Trade debts | 44 | €783 | €3,009 | +€2,225 | +284.1% |
| Suppliers | 440/4 | €783 | €3,009 | +€2,225 | +284.1% |
| Other amounts payable | 47/48 | €401 | €3,775 | +€3,373 | +840.3% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€2,431 | -€2,213 | +€218 | +9.0% |
| Operating profit (loss) | 9901 | -€2,936 | -€2,733 | +€203 | +6.9% |
| Financial charges | 65/66B | €399 | €452 | +€53 | +13.2% |
| Recurring financial charges | 65 | €399 | €452 | +€53 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,335 | -€3,185 | +€151 | +4.5% |
| Profit (loss) for the period | 9904 | -€3,335 | -€3,185 | +€151 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,335 | -€3,185 | +€151 | +4.5% |
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 12 October 2026 via checked.be.