ASPR: 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.
ASPR
Largest movements
- Deferred charges and accrued income -€275,538
down €275,538 (-41.1%), from €669,823 to €394,284
- Cash -€257,527
down €257,527 (-63.6%), from €405,072 to €147,545
mainly Contributions, distributions and other (-€427,039) and Tax, wage and social debts (-€256,384)
- Receivables within one year +€165,056
up €165,056 (+479%), from €34,492 to €199,548
of which Other amounts receivable: +€167,879
- Tangible fixed assets +€149,895
up €149,895 (+24.1%), from €621,328 to €771,223
of which Land and buildings: +€162,071
- Tax, wage and social debts -€256,384
down €256,384 (-100%), from €256,384 to €0
- Reserves +€166,719
up €166,719 (+38.9%), from €428,899 to €595,617
of which Distributable reserves: +€166,719
- Other debts -€131,677
down €131,677 (-22.7%), from €581,029 to €449,352
- Short-term financial debts +€121,825
up €121,825 (+10,590%), from €1,150 to €122,975
- Current portion of long-term debt -€119,347
down €119,347 (-88.2%), from €135,365 to €16,018
- Gross operating margin +€238,108
up €238,108 (+37.4%), from €636,097 to €874,205
- Taxes +€54,303
up €54,303 (+36.6%), from €148,331 to €202,634
- Financial charges +€13,642
up €13,642 (+71.3%), from €19,146 to €32,788
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 | €1,818,421 | €1,597,357 | -€221,064 | -12.2% |
| Fixed assets | 21/28 | €709,034 | €855,980 | +€146,945 | +20.7% |
| Intangible fixed assets | 21 | €12,706 | €9,757 | -€2,949 | -23.2% |
| Tangible fixed assets | 22/27 | €621,328 | €771,223 | +€149,895 | +24.1% |
| Land and buildings | 22 | €595,180 | €757,251 | +€162,071 | +27.2% |
| Plant, machinery and equipment | 23 | €4,020 | €4,813 | +€793 | +19.7% |
| Furniture and vehicles | 24 | €22,129 | €9,159 | -€12,970 | -58.6% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €1,109,387 | €741,378 | -€368,009 | -33.2% |
| Amounts receivable within one year | 40/41 | €34,492 | €199,548 | +€165,056 | +479% |
| Trade receivables | 40 | €2,823 | €0 | -€2,823 | -100% |
| Other amounts receivable | 41 | €31,669 | €199,548 | +€167,879 | +530% |
| Cash at bank and in hand | 54/58 | €405,072 | €147,545 | -€257,527 | -63.6% |
| Deferred charges and accrued income | 490/1 | €669,823 | €394,284 | -€275,538 | -41.1% |
| Total equity and liabilities | 10/49 | €1,818,421 | €1,597,357 | -€221,064 | -12.2% |
| Equity | 10/15 | €447,499 | €614,217 | +€166,719 | +37.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €428,899 | €595,617 | +€166,719 | +38.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €427,039 | €593,757 | +€166,719 | +39.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,370,923 | €983,140 | -€387,782 | -28.3% |
| Amounts payable after more than one year | 17 | €393,074 | €377,056 | -€16,018 | -4.1% |
| Financial debts | 170/4 | €393,074 | €377,056 | -€16,018 | -4.1% |
| Amounts payable within one year | 42/48 | €975,026 | €594,565 | -€380,461 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €135,365 | €16,018 | -€119,347 | -88.2% |
| Financial debts | 43 | €1,150 | €122,975 | +€121,825 | +10,590% |
| Credit institutions | 430/8 | €1,150 | €122,975 | +€121,825 | +10,590% |
| Trade debts | 44 | €1,097 | €6,220 | +€5,123 | +467% |
| Suppliers | 440/4 | €1,097 | €6,220 | +€5,123 | +467% |
| Taxes, remuneration and social security | 45 | €256,384 | €0 | -€256,384 | -100% |
| Taxes | 450/3 | €256,384 | €0 | -€256,384 | -100% |
| Other amounts payable | 47/48 | €581,029 | €449,352 | -€131,677 | -22.7% |
| Accrued charges and deferred income | 492/3 | €2,823 | €11,519 | +€8,696 | +308% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,962 | €39,164 | +€3,202 | +8.9% |
| Other operating charges | 640/8 | €5,706 | €6,032 | +€326 | +5.7% |
| Gross operating margin | 9900 | €636,097 | €874,205 | +€238,108 | +37.4% |
| Operating profit (loss) | 9901 | €594,429 | €829,010 | +€234,581 | +39.5% |
| Financial income | 75/76B | €87 | €170 | +€83 | +95.6% |
| Recurring financial income | 75 | €87 | €170 | +€83 | +95.6% |
| Financial charges | 65/66B | €19,146 | €32,788 | +€13,642 | +71.3% |
| Recurring financial charges | 65 | €19,146 | €32,788 | +€13,642 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €575,370 | €796,391 | +€221,022 | +38.4% |
| Income taxes | 67/77 | €148,331 | €202,634 | +€54,303 | +36.6% |
| Profit (loss) for the period | 9904 | €427,039 | €593,757 | +€166,719 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €427,039 | €593,757 | +€166,719 | +39.0% |
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 17 October 2026 via checked.be.