ASPM: 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.
ASPM
Largest movements
- Cash +€16,527
up €16,527 (+20.8%), from €79,396 to €95,923
mainly Depreciation (+€15,856) and Net result for the year (+€12,826)
- Tangible fixed assets -€9,545
down €9,545 (-49.5%), from €19,295 to €9,750
of which Furniture and vehicles: -€7,417
- Intangible fixed assets -€5,000
down €5,000 (-40.0%), from €12,500 to €7,500
- Receivables within one year -€2,773
down €2,773 (-3.4%), from €82,199 to €79,426
of which Trade receivables: -€7,407
- Deferred charges and accrued income -€2,604
down €2,604 (-96.3%), from €2,703 to €99
- Tax, wage and social debts -€13,111
down €13,111 (-78.3%), from €16,749 to €3,637
- Profit (loss) carried forward +€12,826
up €12,826 (+8.6%), from €149,489 to €162,315
- Trade debts -€3,555
down €3,555 (-86.9%), from €4,089 to €534
- Gross operating margin -€11,226
down €11,226 (-24.0%), from €46,803 to €35,577
- Taxes -€2,172
down €2,172 (-28.8%), from €7,539 to €5,367
- Other operating charges -€1,022
down €1,022 (-42.0%), from €2,434 to €1,411
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 | €196,093 | €192,697 | -€3,396 | -1.7% |
| Fixed assets | 21/28 | €31,795 | €17,250 | -€14,545 | -45.7% |
| Intangible fixed assets | 21 | €12,500 | €7,500 | -€5,000 | -40.0% |
| Tangible fixed assets | 22/27 | €19,295 | €9,750 | -€9,545 | -49.5% |
| Furniture and vehicles | 24 | €10,212 | €2,795 | -€7,417 | -72.6% |
| Other tangible fixed assets | 26 | €9,083 | €6,955 | -€2,128 | -23.4% |
| Current assets | 29/58 | €164,298 | €175,448 | +€11,149 | +6.8% |
| Amounts receivable within one year | 40/41 | €82,199 | €79,426 | -€2,773 | -3.4% |
| Trade receivables | 40 | €31,438 | €24,031 | -€7,407 | -23.6% |
| Other amounts receivable | 41 | €50,761 | €55,395 | +€4,633 | +9.1% |
| Cash at bank and in hand | 54/58 | €79,396 | €95,923 | +€16,527 | +20.8% |
| Deferred charges and accrued income | 490/1 | €2,703 | €99 | -€2,604 | -96.3% |
| Total equity and liabilities | 10/49 | €196,093 | €192,697 | -€3,396 | -1.7% |
| Equity | 10/15 | €169,949 | €182,775 | +€12,826 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,489 | €162,315 | +€12,826 | +8.6% |
| Amounts payable | 17/49 | €26,144 | €9,922 | -€16,222 | -62.0% |
| Amounts payable within one year | 42/48 | €26,144 | €9,922 | -€16,222 | -62.0% |
| Current portion of amounts payable after more than one year | 42 | €531 | - | -€531 | |
| Trade debts | 44 | €4,089 | €534 | -€3,555 | -86.9% |
| Suppliers | 440/4 | €4,089 | €534 | -€3,555 | -86.9% |
| Taxes, remuneration and social security | 45 | €16,749 | €3,637 | -€13,111 | -78.3% |
| Taxes | 450/3 | €16,749 | €3,637 | -€13,111 | -78.3% |
| Other amounts payable | 47/48 | €4,776 | €5,751 | +€975 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,486 | €15,856 | +€370 | +2.4% |
| Other operating charges | 640/8 | €2,434 | €1,411 | -€1,022 | -42.0% |
| Gross operating margin | 9900 | €46,803 | €35,577 | -€11,226 | -24.0% |
| Operating profit (loss) | 9901 | €28,884 | €18,310 | -€10,574 | -36.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -86.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -86.1% |
| Financial charges | 65/66B | €499 | €117 | -€382 | -76.6% |
| Recurring financial charges | 65 | €499 | €117 | -€382 | -76.6% |
| Profit (loss) for the period before taxes | 9903 | €28,385 | €18,193 | -€10,192 | -35.9% |
| Income taxes | 67/77 | €7,539 | €5,367 | -€2,172 | -28.8% |
| Profit (loss) for the period | 9904 | €20,846 | €12,826 | -€8,020 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,846 | €12,826 | -€8,020 | -38.5% |
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 29 September 2026 via checked.be.