ASPICHAPE: 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.
ASPICHAPE
Largest movements
- Receivables after one year -€75,918
down €75,918 (-61.0%), from €124,434 to €48,516
- Intangible fixed assets +€56,000
new in 2025: €56,000
- Deferred charges and accrued income -€8,818
down €8,818 (-86.0%), from €10,256 to €1,438
- Receivables within one year -€8,303
down €8,303 (-20.7%), from €40,089 to €31,786
of which Trade receivables: -€8,418
- Tangible fixed assets -€5,913
no longer reported in 2025 (was €5,913)
of which Leasing and similar rights: -€3,911
- Tax, wage and social debts -€58,534
down €58,534 (-64.9%), from €90,218 to €31,684
of which Remuneration and social security: -€34,940
- Trade debts +€20,542
up €20,542 (+113%), from €18,183 to €38,725
- Profit (loss) carried forward +€9,554
up €9,554, from -€5,360 to €4,194
- Reserves -€5,360
down €5,360 (-8.3%), from €64,402 to €59,042
- Current portion of long-term debt -€5,243
no longer reported in 2025 (was €5,243)
- Other operating charges +€15,188
up €15,188 (+986%), from €1,540 to €16,729
- Gross operating margin +€13,960
up €13,960 (+9.4%), from €148,776 to €162,736
- Depreciation +€5,722
up €5,722 (+40.3%), from €14,191 to €19,913
- Financial income -€2,203
down €2,203 (-100.0%), from €2,203 to €0
- Financial charges +€1,818
up €1,818 (+24.5%), from €7,414 to €9,232
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 | €186,632 | €143,304 | -€43,328 | -23.2% |
| Fixed assets | 21/28 | €6,083 | €56,170 | +€50,087 | +823% |
| Intangible fixed assets | 21 | - | €56,000 | +€56,000 | |
| Tangible fixed assets | 22/27 | €5,913 | - | -€5,913 | |
| Furniture and vehicles | 24 | €2,003 | - | -€2,003 | |
| Leasing and similar rights | 25 | €3,911 | - | -€3,911 | |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €180,549 | €87,134 | -€93,415 | -51.7% |
| Amounts receivable after more than one year | 29 | €124,434 | €48,516 | -€75,918 | -61.0% |
| Other amounts receivable | 291 | €124,434 | €48,516 | -€75,918 | -61.0% |
| Amounts receivable within one year | 40/41 | €40,089 | €31,786 | -€8,303 | -20.7% |
| Trade receivables | 40 | €38,841 | €30,423 | -€8,418 | -21.7% |
| Other amounts receivable | 41 | €1,248 | €1,362 | +€115 | +9.2% |
| Cash at bank and in hand | 54/58 | €5,770 | €5,394 | -€375 | -6.5% |
| Deferred charges and accrued income | 490/1 | €10,256 | €1,438 | -€8,818 | -86.0% |
| Total equity and liabilities | 10/49 | €186,632 | €143,304 | -€43,328 | -23.2% |
| Equity | 10/15 | €65,242 | €69,436 | +€4,194 | +6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,402 | €59,042 | -€5,360 | -8.3% |
| Distributable reserves | 133 | €64,402 | €59,042 | -€5,360 | -8.3% |
| Profit (loss) carried forward | 14 | -€5,360 | €4,194 | +€9,554 | |
| Amounts payable | 17/49 | €121,390 | €73,868 | -€47,522 | -39.1% |
| Amounts payable after more than one year | 17 | €4,500 | - | -€4,500 | |
| Financial debts | 170/4 | €4,500 | - | -€4,500 | |
| Amounts payable within one year | 42/48 | €116,543 | €73,521 | -€43,022 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €5,243 | - | -€5,243 | |
| Trade debts | 44 | €18,183 | €38,725 | +€20,542 | +113% |
| Suppliers | 440/4 | €18,183 | €38,725 | +€20,542 | +113% |
| Advances received on contracts in progress | 46 | €2,899 | €2,899 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €90,218 | €31,684 | -€58,534 | -64.9% |
| Taxes | 450/3 | €45,613 | €22,019 | -€23,594 | -51.7% |
| Remuneration and social security | 454/9 | €44,605 | €9,665 | -€34,940 | -78.3% |
| Other amounts payable | 47/48 | - | €213 | +€213 | |
| Accrued charges and deferred income | 492/3 | €347 | €347 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €100,739 | €101,604 | +€865 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,191 | €19,913 | +€5,722 | +40.3% |
| Other operating charges | 640/8 | €1,540 | €16,729 | +€15,188 | +986% |
| Gross operating margin | 9900 | €148,776 | €162,736 | +€13,960 | +9.4% |
| Operating profit (loss) | 9901 | €32,306 | €24,491 | -€7,815 | -24.2% |
| Financial income | 75/76B | €2,203 | €0 | -€2,203 | -100.0% |
| Recurring financial income | 75 | €2,203 | €0 | -€2,203 | -100.0% |
| Financial charges | 65/66B | €7,414 | €9,232 | +€1,818 | +24.5% |
| Recurring financial charges | 65 | €7,414 | €9,232 | +€1,818 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €27,095 | €15,259 | -€11,836 | -43.7% |
| Income taxes | 67/77 | €10,790 | €11,065 | +€275 | +2.6% |
| Profit (loss) for the period | 9904 | €16,305 | €4,194 | -€12,111 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,305 | €4,194 | -€12,111 | -74.3% |
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 15 October 2026 via checked.be.