ASPHALIA: 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.
ASPHALIA
Largest movements
- Deferred charges and accrued income +€64,500
up €64,500 (+35.1%), from €183,750 to €248,250
- Cash -€63,959
down €63,959 (-28.1%), from €227,441 to €163,482
mainly Deferred charges and accrued income (-€64,500) and Tax, wage and social debts (-€32,808)
- Reserves +€58,024
up €58,024 (+2.5%), from €2.3m to €2.4m
of which Distributable reserves: +€58,024
- Profit (loss) carried forward -€39,396
down €39,396 (-67.9%), from €58,024 to €18,628
- Tax, wage and social debts -€32,808
down €32,808 (-44.5%), from €73,778 to €40,970
- Gross operating margin -€55,140
down €55,140, from €35,931 to -€19,210
- Taxes -€16,058
down €16,058 (-55.1%), from €29,135 to €13,077
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 | €2,526,668 | €2,514,938 | -€11,730 | -0.5% |
| Fixed assets | 21/28 | €9,300 | €9,300 | = | 0.0% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €2,517,368 | €2,505,638 | -€11,730 | -0.5% |
| Amounts receivable after more than one year | 29 | €2,086,870 | €2,086,870 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €2,086,870 | €2,086,870 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,307 | €7,036 | -€12,271 | -63.6% |
| Trade receivables | 40 | €280 | €0 | -€280 | -100.0% |
| Other amounts receivable | 41 | €19,027 | €7,036 | -€11,991 | -63.0% |
| Cash at bank and in hand | 54/58 | €227,441 | €163,482 | -€63,959 | -28.1% |
| Deferred charges and accrued income | 490/1 | €183,750 | €248,250 | +€64,500 | +35.1% |
| Total equity and liabilities | 10/49 | €2,526,668 | €2,514,938 | -€11,730 | -0.5% |
| Equity | 10/15 | €2,452,741 | €2,471,368 | +€18,628 | +0.8% |
| 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 | €2,332,717 | €2,390,741 | +€58,024 | +2.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,326,517 | €2,384,541 | +€58,024 | +2.5% |
| Profit (loss) carried forward | 14 | €58,024 | €18,628 | -€39,396 | -67.9% |
| Amounts payable | 17/49 | €73,927 | €43,569 | -€30,358 | -41.1% |
| Amounts payable within one year | 42/48 | €73,927 | €42,091 | -€31,836 | -43.1% |
| Trade debts | 44 | €150 | €1,121 | +€971 | +649.3% |
| Suppliers | 440/4 | €150 | €1,121 | +€971 | +649.3% |
| Taxes, remuneration and social security | 45 | €73,778 | €40,970 | -€32,808 | -44.5% |
| Taxes | 450/3 | €73,778 | €40,970 | -€32,808 | -44.5% |
| Accrued charges and deferred income | 492/3 | - | €1,478 | +€1,478 | |
| Other operating charges | 640/8 | €1,136 | €1,187 | +€51 | +4.5% |
| Non-recurring operating charges | 66A | €63 | €338 | +€275 | +435.7% |
| Gross operating margin | 9900 | €35,931 | -€19,210 | -€55,140 | |
| Operating profit (loss) | 9901 | €34,732 | -€20,735 | -€55,467 | |
| Financial income | 75/76B | €52,500 | €52,500 | = | 0.0% |
| Recurring financial income | 75 | €52,500 | €52,500 | = | 0.0% |
| Financial charges | 65/66B | €74 | €60 | -€13 | -17.8% |
| Recurring financial charges | 65 | €74 | €60 | -€13 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €87,159 | €31,705 | -€55,454 | -63.6% |
| Income taxes | 67/77 | €29,135 | €13,077 | -€16,058 | -55.1% |
| Profit (loss) for the period | 9904 | €58,024 | €18,628 | -€39,396 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,024 | €18,628 | -€39,396 | -67.9% |
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 11 October 2026 via checked.be.