ASPUR: 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.
ASPUR
Largest movements
- Cash +€1.3m
up €1.3m (+311%), from €420,054 to €1.7m
mainly Current investments (+€1.1m) and Net result for the year (+€384,301)
- Current investments -€1.1m
down €1.1m (-80.4%), from €1.4m to €274,774
- Receivables within one year +€215,848
up €215,848 (+24.3%), from €890,078 to €1.1m
of which Trade receivables: +€163,524
- Stocks and contracts -€87,500
down €87,500 (-23.8%), from €366,912 to €279,412
- Tangible fixed assets -€64,375
down €64,375 (-4.8%), from €1.3m to €1.3m
of which Furniture and vehicles: -€56,195
- Reserves +€384,301
up €384,301 (+13.2%), from €2.9m to €3.3m
- Debts after one year -€83,348
down €83,348 (-6.2%), from €1.3m to €1.3m
of which Financial debts: -€88,348
- Gross operating margin -€119,276
down €119,276 (-15.8%), from €756,293 to €637,017
- Taxes -€32,518
down €32,518 (-15.6%), from €208,650 to €176,133
- Financial income +€11,711
up €11,711 (+35.3%), from €33,176 to €44,887
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 | €4,427,458 | €4,670,877 | +€243,419 | +5.5% |
| Fixed assets | 21/28 | €1,347,610 | €1,283,235 | -€64,375 | -4.8% |
| Tangible fixed assets | 22/27 | €1,347,610 | €1,283,235 | -€64,375 | -4.8% |
| Land and buildings | 22 | €1,102,034 | €1,072,693 | -€29,341 | -2.7% |
| Plant, machinery and equipment | 23 | €23,337 | €44,499 | +€21,162 | +90.7% |
| Furniture and vehicles | 24 | €222,238 | €166,043 | -€56,195 | -25.3% |
| Current assets | 29/58 | €3,079,849 | €3,387,642 | +€307,794 | +10.0% |
| Stocks and contracts in progress | 3 | €366,912 | €279,412 | -€87,500 | -23.8% |
| Stocks | 30/36 | €366,912 | €279,412 | -€87,500 | -23.8% |
| Amounts receivable within one year | 40/41 | €890,078 | €1,105,927 | +€215,848 | +24.3% |
| Trade receivables | 40 | €535,529 | €699,054 | +€163,524 | +30.5% |
| Other amounts receivable | 41 | €354,549 | €406,873 | +€52,324 | +14.8% |
| Current investments | 50/53 | €1,400,000 | €274,774 | -€1.1m | -80.4% |
| Cash at bank and in hand | 54/58 | €420,054 | €1,724,786 | +€1.3m | +311% |
| Deferred charges and accrued income | 490/1 | €2,804 | €2,743 | -€61 | -2.2% |
| Total equity and liabilities | 10/49 | €4,427,458 | €4,670,877 | +€243,419 | +5.5% |
| Equity | 10/15 | €2,924,940 | €3,309,241 | +€384,301 | +13.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,904,940 | €3,289,241 | +€384,301 | +13.2% |
| Distributable reserves | 133 | €2,904,940 | €3,289,241 | +€384,301 | +13.2% |
| Amounts payable | 17/49 | €1,502,518 | €1,361,636 | -€140,882 | -9.4% |
| Amounts payable after more than one year | 17 | €1,343,426 | €1,260,078 | -€83,348 | -6.2% |
| Financial debts | 170/4 | €1,343,426 | €1,255,078 | -€88,348 | -6.6% |
| Other amounts payable | 178/9 | - | €5,000 | +€5,000 | |
| Amounts payable within one year | 42/48 | €159,092 | €101,558 | -€57,534 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €99,106 | €79,964 | -€19,142 | -19.3% |
| Trade debts | 44 | €10,589 | €9,602 | -€988 | -9.3% |
| Suppliers | 440/4 | €10,589 | €9,602 | -€988 | -9.3% |
| Taxes, remuneration and social security | 45 | €49,397 | €11,992 | -€37,405 | -75.7% |
| Taxes | 450/3 | €49,397 | €11,992 | -€37,405 | -75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,850 | €92,875 | -€4,975 | -5.1% |
| Other operating charges | 640/8 | €7,362 | €6,857 | -€505 | -6.9% |
| Gross operating margin | 9900 | €756,293 | €637,017 | -€119,276 | -15.8% |
| Operating profit (loss) | 9901 | €651,081 | €537,286 | -€113,795 | -17.5% |
| Financial income | 75/76B | €33,176 | €44,887 | +€11,711 | +35.3% |
| Recurring financial income | 75 | €33,176 | €44,887 | +€11,711 | +35.3% |
| Financial charges | 65/66B | €21,436 | €21,739 | +€303 | +1.4% |
| Recurring financial charges | 65 | €21,436 | €21,739 | +€303 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €662,820 | €560,433 | -€102,387 | -15.4% |
| Income taxes | 67/77 | €208,650 | €176,133 | -€32,518 | -15.6% |
| Profit (loss) for the period | 9904 | €454,170 | €384,301 | -€69,869 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €454,170 | €384,301 | -€69,869 | -15.4% |
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.