ASRA: 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.
ASRA
Largest movements
- Cash +€10,270
up €10,270 (+44.3%), from €23,174 to €33,443
mainly Depreciation (+€9,723) and Receivables within one year (+€4,715)
- Tangible fixed assets -€9,723
down €9,723 (-40.2%), from €24,211 to €14,487
of which Furniture and vehicles: -€9,723
- Receivables within one year -€4,715
down €4,715 (-29.6%), from €15,930 to €11,215
of which Trade receivables: -€7,571
- Debts after one year -€6,620
down €6,620 (-54.6%), from €12,128 to €5,507
- Reserves +€3,483
up €3,483 (+9.6%), from €36,212 to €39,695
of which Distributable reserves: +€3,483
- Current portion of long-term debt -€2,226
down €2,226 (-27.4%), from €8,112 to €5,886
- Trade debts +€860
up €860 (+263%), from €327 to €1,187
- Purchases and services -€26,613
down €26,613 (-55.6%), from €47,824 to €21,210
- Turnover -€24,274
down €24,274 (-41.7%), from €58,260 to €33,987
- Gross operating margin +€4,001
up €4,001 (+31.3%), from €12,766 to €16,767
- Taxes +€885
up €885 (+55.1%), from €1,607 to €2,492
- Depreciation +€861
up €861 (+9.7%), from €8,863 to €9,723
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 | €64,587 | €60,083 | -€4,504 | -7.0% |
| Fixed assets | 21/28 | €24,211 | €14,487 | -€9,723 | -40.2% |
| Tangible fixed assets | 22/27 | €24,211 | €14,487 | -€9,723 | -40.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €24,211 | €14,487 | -€9,723 | -40.2% |
| Current assets | 29/58 | €40,377 | €45,596 | +€5,219 | +12.9% |
| Amounts receivable within one year | 40/41 | €15,930 | €11,215 | -€4,715 | -29.6% |
| Trade receivables | 40 | €7,614 | €42 | -€7,571 | -99.4% |
| Other amounts receivable | 41 | €8,316 | €11,173 | +€2,856 | +34.3% |
| Cash at bank and in hand | 54/58 | €23,174 | €33,443 | +€10,270 | +44.3% |
| Deferred charges and accrued income | 490/1 | €1,273 | €938 | -€335 | -26.3% |
| Total equity and liabilities | 10/49 | €64,587 | €60,083 | -€4,504 | -7.0% |
| Equity | 10/15 | €42,412 | €45,895 | +€3,483 | +8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,212 | €39,695 | +€3,483 | +9.6% |
| 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 | €34,352 | €37,835 | +€3,483 | +10.1% |
| Amounts payable | 17/49 | €22,175 | €14,188 | -€7,987 | -36.0% |
| Amounts payable after more than one year | 17 | €12,128 | €5,507 | -€6,620 | -54.6% |
| Financial debts | 170/4 | €12,128 | €5,507 | -€6,620 | -54.6% |
| Amounts payable within one year | 42/48 | €10,047 | €8,681 | -€1,366 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €8,112 | €5,886 | -€2,226 | -27.4% |
| Trade debts | 44 | €327 | €1,187 | +€860 | +263% |
| Suppliers | 440/4 | €327 | €1,187 | +€860 | +263% |
| Taxes, remuneration and social security | 45 | €1,607 | €1,607 | = | 0.0% |
| Taxes | 450/3 | €1,607 | €1,607 | = | 0.0% |
| Turnover | 70 | €58,260 | €33,987 | -€24,274 | -41.7% |
| Non-recurring operating income | 76A | €1 | €1,990 | +€1,989 | +248,651% |
| Goods, raw materials, services and sundry goods | 60/61 | €47,824 | €21,210 | -€26,613 | -55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,863 | €9,723 | +€861 | +9.7% |
| Other operating charges | 640/8 | €537 | €400 | -€138 | -25.6% |
| Non-recurring operating charges | 66A | €608 | €63 | -€545 | -89.6% |
| Gross operating margin | 9900 | €12,766 | €16,767 | +€4,001 | +31.3% |
| Operating profit (loss) | 9901 | €2,758 | €6,581 | +€3,823 | +139% |
| Financial charges | 65/66B | €844 | €606 | -€238 | -28.2% |
| Recurring financial charges | 65 | €844 | €606 | -€238 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €1,914 | €5,975 | +€4,061 | +212% |
| Income taxes | 67/77 | €1,607 | €2,492 | +€885 | +55.1% |
| Profit (loss) for the period | 9904 | €307 | €3,483 | +€3,176 | +1,036% |
| Profit (loss) for the period to be appropriated | 9905 | €307 | €3,483 | +€3,176 | +1,036% |
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 14 October 2026 via checked.be.