ASPIGA: what changed
Two fiscal 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.
ASPIGA
Largest movements
- Tangible fixed assets -€69,685
down €69,685 (-2.8%), from €2.5m to €2.4m
of which Land and buildings: -€53,441
- Receivables within one year -€48,354
down €48,354 (-24.8%), from €194,836 to €146,482
of which Trade receivables: -€47,781
- Debts after one year -€57,160
down €57,160 (-2.3%), from €2.5m to €2.4m
of which Financial debts: -€67,160
- Profit (loss) carried forward -€33,948
down €33,948 (-28.7%), from -€118,277 to -€152,225
- Gross operating margin +€79,475
up €79,475 (+424.8%), from €18,711 to €98,186
- Depreciation +€75,648
up €75,648 (+304.3%), from €24,863 to €100,511
- Other operating charges +€3,260
up €3,260 (+82.2%), from €3,968 to €7,228
- Financial charges -€1,534
down €1,534 (-5.9%), from €25,978 to €24,444
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 | €2,719,890 | €2,615,255 | -€104,635 | -3.8% |
| Fixed assets | 21/28 | €2,475,744 | €2,406,059 | -€69,685 | -2.8% |
| Tangible fixed assets | 22/27 | €2,475,744 | €2,406,059 | -€69,685 | -2.8% |
| Land and buildings | 22 | €2,415,284 | €2,361,843 | -€53,441 | -2.2% |
| Plant, machinery and equipment | 23 | €16,342 | €10,396 | -€5,945 | -36.4% |
| Furniture and vehicles | 24 | €44,118 | €33,820 | -€10,298 | -23.3% |
| Current assets | 29/58 | €244,145 | €209,195 | -€34,950 | -14.3% |
| Amounts receivable within one year | 40/41 | €194,836 | €146,482 | -€48,354 | -24.8% |
| Trade receivables | 40 | €189,898 | €142,117 | -€47,781 | -25.2% |
| Other amounts receivable | 41 | €4,938 | €4,365 | -€573 | -11.6% |
| Cash at bank and in hand | 54/58 | €25,479 | €45,002 | +€19,523 | +76.6% |
| Deferred charges and accrued income | 490/1 | €23,830 | €17,711 | -€6,119 | -25.7% |
| Total equity and liabilities | 10/49 | €2,719,890 | €2,615,255 | -€104,635 | -3.8% |
| Equity | 10/15 | -€18,277 | -€52,225 | -€33,948 | -185.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,277 | -€152,225 | -€33,948 | -28.7% |
| Amounts payable | 17/49 | €2,738,166 | €2,667,480 | -€70,687 | -2.6% |
| Amounts payable after more than one year | 17 | €2,451,459 | €2,394,299 | -€57,160 | -2.3% |
| Financial debts | 170/4 | €1,011,459 | €944,299 | -€67,160 | -6.6% |
| Other amounts payable | 178/9 | €1,440,000 | €1,450,000 | +€10,000 | +0.7% |
| Amounts payable within one year | 42/48 | €103,784 | €86,085 | -€17,699 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €65,653 | €67,160 | +€1,507 | +2.3% |
| Trade debts | 44 | €38,131 | €18,925 | -€19,206 | -50.4% |
| Suppliers | 440/4 | €38,131 | €18,925 | -€19,206 | -50.4% |
| Accrued charges and deferred income | 492/3 | €182,923 | €187,096 | +€4,173 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,863 | €100,511 | +€75,648 | +304.3% |
| Other operating charges | 640/8 | €3,968 | €7,228 | +€3,260 | +82.2% |
| Gross operating margin | 9900 | €18,711 | €98,186 | +€79,475 | +424.8% |
| Operating profit (loss) | 9901 | -€10,121 | -€9,553 | +€568 | +5.6% |
| Financial income | 75/76B | €0 | €49 | +€49 | +486000.0% |
| Recurring financial income | 75 | €0 | €49 | +€49 | +486000.0% |
| Financial charges | 65/66B | €25,978 | €24,444 | -€1,534 | -5.9% |
| Recurring financial charges | 65 | €25,978 | €24,444 | -€1,534 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€36,099 | -€33,948 | +€2,151 | +6.0% |
| Profit (loss) for the period | 9904 | -€36,099 | -€33,948 | +€2,151 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,099 | -€33,948 | +€2,151 | +6.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.