ASPIS: 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.
ASPIS
Largest movements
- Tangible fixed assets -€38,025
down €38,025 (-3.4%), from €1.1m to €1.1m
of which Land and buildings: -€38,844
- Cash +€13,216
up €13,216 (+103.2%), from €12,805 to €26,021
mainly Net result for the year (+€58,547) and Depreciation (+€39,571)
- Debts after one year -€67,858
down €67,858 (-8.6%), from €789,696 to €721,838
- Profit (loss) carried forward +€58,547
up €58,547 (+87.9%), from €66,587 to €125,134
- Trade debts -€14,611
down €14,611 (-59.2%), from €24,673 to €10,061
- Financial charges -€37,928
down €37,928 (-60.4%), from €62,802 to €24,874
- Taxes +€15,609
new in 2025: €15,609
- Write-downs +€15,469
new in 2025: €15,469
- Other operating charges +€14,888
up €14,888 (+84.7%), from €17,587 to €32,475
- Depreciation +€9,734
up €9,734 (+32.6%), from €29,837 to €39,571
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 | €1,131,338 | €1,107,362 | -€23,976 | -2.1% |
| Fixed assets | 21/28 | €1,118,533 | €1,080,508 | -€38,025 | -3.4% |
| Tangible fixed assets | 22/27 | €1,118,533 | €1,080,508 | -€38,025 | -3.4% |
| Land and buildings | 22 | €805,578 | €766,734 | -€38,844 | -4.8% |
| Plant, machinery and equipment | 23 | €2,099 | €1,439 | -€660 | -31.4% |
| Other tangible fixed assets | 26 | €310,856 | €312,335 | +€1,478 | +0.5% |
| Current assets | 29/58 | €12,805 | €26,854 | +€14,049 | +109.7% |
| Cash at bank and in hand | 54/58 | €12,805 | €26,021 | +€13,216 | +103.2% |
| Deferred charges and accrued income | 490/1 | - | €833 | +€833 | |
| Total equity and liabilities | 10/49 | €1,131,338 | €1,107,362 | -€23,976 | -2.1% |
| Equity | 10/15 | €96,587 | €155,134 | +€58,547 | +60.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,587 | €125,134 | +€58,547 | +87.9% |
| Amounts payable | 17/49 | €1,034,751 | €952,229 | -€82,523 | -8.0% |
| Amounts payable after more than one year | 17 | €789,696 | €721,838 | -€67,858 | -8.6% |
| Financial debts | 170/4 | €789,696 | €721,838 | -€67,858 | -8.6% |
| Amounts payable within one year | 42/48 | €244,055 | €228,890 | -€15,165 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €69,355 | €67,858 | -€1,497 | -2.2% |
| Trade debts | 44 | €24,673 | €10,061 | -€14,611 | -59.2% |
| Suppliers | 440/4 | €24,673 | €10,061 | -€14,611 | -59.2% |
| Taxes, remuneration and social security | 45 | - | €609 | +€609 | |
| Taxes | 450/3 | - | €609 | +€609 | |
| Other amounts payable | 47/48 | €150,028 | €150,363 | +€335 | +0.2% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,500 | +€500 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,837 | €39,571 | +€9,734 | +32.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,469 | +€15,469 | |
| Other operating charges | 640/8 | €17,587 | €32,475 | +€14,888 | +84.7% |
| Gross operating margin | 9900 | €187,489 | €186,544 | -€944 | -0.5% |
| Operating profit (loss) | 9901 | €140,065 | €99,029 | -€41,036 | -29.3% |
| Financial charges | 65/66B | €62,802 | €24,874 | -€37,928 | -60.4% |
| Recurring financial charges | 65 | €62,802 | €24,874 | -€37,928 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | €77,263 | €74,156 | -€3,108 | -4.0% |
| Income taxes | 67/77 | - | €15,609 | +€15,609 | |
| Profit (loss) for the period | 9904 | €77,263 | €58,547 | -€18,716 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €77,263 | €58,547 | -€18,716 | -24.2% |
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.