ASPIC MANAGEMENT: 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.
ASPIC MANAGEMENT
Largest movements
- Receivables within one year +€19,681
new in 2025: €19,681
of which Other amounts receivable: +€18,001
- Cash -€3,183
no longer reported in 2025 (was €3,183)
mainly Receivables within one year (-€19,681) and Investment in fixed assets (net) (-€600)
- Financial fixed assets +€600
new in 2025: €600
- Profit (loss) carried forward +€9,960
up €9,960, from -€3,687 to €6,273
- Trade debts +€4,528
up €4,528 (+950.8%), from €476 to €5,004
- Tax, wage and social debts +€2,872
up €2,872 (+48.2%), from €5,957 to €8,829
of which Taxes: +€3,144
- Other debts -€361
down €361 (-52.8%), from €685 to €323
- Other operating charges +€4,915
up €4,915 (+84.8%), from €5,797 to €10,712
- Gross operating margin -€2,620
down €2,620 (-10.8%), from €24,365 to €21,744
- Financial charges +€644
up €644 (+183.7%), from €350 to €994
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 | €3,531 | €20,551 | +€17,020 | +482.1% |
| Fixed assets | 21/28 | €348 | €870 | +€522 | +149.9% |
| Tangible fixed assets | 22/27 | €348 | €270 | -€78 | -22.4% |
| Furniture and vehicles | 24 | €348 | €270 | -€78 | -22.4% |
| Financial fixed assets | 28 | - | €600 | +€600 | |
| Current assets | 29/58 | €3,183 | €19,681 | +€16,498 | +518.4% |
| Amounts receivable within one year | 40/41 | - | €19,681 | +€19,681 | |
| Trade receivables | 40 | - | €1,680 | +€1,680 | |
| Other amounts receivable | 41 | - | €18,001 | +€18,001 | |
| Cash at bank and in hand | 54/58 | €3,183 | - | -€3,183 | |
| Total equity and liabilities | 10/49 | €3,531 | €20,551 | +€17,020 | +482.1% |
| Equity | 10/15 | -€3,587 | €6,373 | +€9,960 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,687 | €6,273 | +€9,960 | |
| Amounts payable | 17/49 | €7,118 | €14,178 | +€7,060 | +99.2% |
| Amounts payable within one year | 42/48 | €7,118 | €14,178 | +€7,060 | +99.2% |
| Financial debts | 43 | - | €21 | +€21 | |
| Credit institutions | 430/8 | - | €21 | +€21 | |
| Trade debts | 44 | €476 | €5,004 | +€4,528 | +950.8% |
| Suppliers | 440/4 | €476 | €5,004 | +€4,528 | +950.8% |
| Taxes, remuneration and social security | 45 | €5,957 | €8,829 | +€2,872 | +48.2% |
| Taxes | 450/3 | €5,165 | €8,309 | +€3,144 | +60.9% |
| Remuneration and social security | 454/9 | €792 | €520 | -€272 | -34.3% |
| Other amounts payable | 47/48 | €685 | €323 | -€361 | -52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41 | €78 | +€37 | +88.7% |
| Other operating charges | 640/8 | €5,797 | €10,712 | +€4,915 | +84.8% |
| Gross operating margin | 9900 | €24,365 | €21,744 | -€2,620 | -10.8% |
| Operating profit (loss) | 9901 | €18,526 | €10,954 | -€7,572 | -40.9% |
| Financial charges | 65/66B | €350 | €994 | +€644 | +183.7% |
| Recurring financial charges | 65 | €350 | €994 | +€644 | +183.7% |
| Profit (loss) for the period before taxes | 9903 | €18,176 | €9,960 | -€8,215 | -45.2% |
| Profit (loss) for the period | 9904 | €18,176 | €9,960 | -€8,215 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,176 | €9,960 | -€8,215 | -45.2% |
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 10 October 2026 via checked.be.