Associated Services Company: 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.
Associated Services Company
Largest movements
- Receivables within one year +€6,607
up €6,607 (+169%), from €3,915 to €10,522
of which Trade receivables: +€6,932
- Tangible fixed assets -€6,026
down €6,026 (-24.6%), from €24,535 to €18,509
of which Furniture and vehicles: -€5,680
- Cash -€4,143
down €4,143 (-32.3%), from €12,830 to €8,687
mainly Receivables within one year (-€6,607) and Debts after one year (-€5,000)
- Debts after one year -€5,000
down €5,000 (-33.3%), from €15,000 to €10,000
of which Other amounts payable: -€15,000
- Profit (loss) carried forward +€2,133
up €2,133 (+18.5%), from €11,524 to €13,657
- Tax, wage and social debts -€1,514
down €1,514 (-76.4%), from €1,983 to €469
of which Taxes: -€1,514
- Provisions +€1,348
up €1,348, from €0 to €1,348
of which Provisions for liabilities and charges: +€1,348
- Trade debts -€692
down €692 (-100%), from €692 to €0
of which Suppliers: -€692
- Gross operating margin -€6,922
down €6,922 (-40.9%), from €16,930 to €10,008
- Taxes -€3,021
down €3,021, from €2,946 to -€75
- Depreciation +€1,283
up €1,283 (+20.4%), from €6,282 to €7,565
- Staff costs +€387
up €387, from €0 to €387
- Financial income +€173
up €173, from €0 to €173
of which Financial income: +€173
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 | €41,472 | €37,718 | -€3,754 | -9.1% |
| Formation expenses | 20 | €192 | €0 | -€192 | -100% |
| Fixed assets | 21/28 | €24,535 | €18,509 | -€6,026 | -24.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €24,535 | €18,509 | -€6,026 | -24.6% |
| Land and buildings | 22 | €6,564 | €6,219 | -€345 | -5.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €17,971 | €12,291 | -€5,680 | -31.6% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €16,745 | €19,209 | +€2,464 | +14.7% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,915 | €10,522 | +€6,607 | +169% |
| Trade receivables | 40 | €2,587 | €9,519 | +€6,932 | +268% |
| Other amounts receivable | 41 | €1,328 | €1,003 | -€325 | -24.5% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €12,830 | €8,687 | -€4,143 | -32.3% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €41,472 | €37,718 | -€3,754 | -9.1% |
| Equity | 10/15 | €20,024 | €22,157 | +€2,133 | +10.7% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €0 | - | = | |
| Financial assistance | 1313 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,000 | - | -€1,000 | |
| Distributable reserves | 133 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €11,524 | €13,657 | +€2,133 | +18.5% |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | €1,348 | +€1,348 | |
| Provisions for liabilities and charges | 160/5 | €0 | €1,348 | +€1,348 | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | €1,348 | +€1,348 | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €21,448 | €14,213 | -€7,235 | -33.7% |
| Amounts payable after more than one year | 17 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Financial debts | 170/4 | €0 | €10,000 | +€10,000 | |
| Trade debts | 175 | €0 | - | = | |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €15,000 | - | -€15,000 | |
| Amounts payable within one year | 42/48 | €6,448 | €4,213 | -€2,235 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €692 | €0 | -€692 | -100% |
| Suppliers | 440/4 | €692 | €0 | -€692 | -100% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,983 | €469 | -€1,514 | -76.4% |
| Taxes | 450/3 | €1,983 | €469 | -€1,514 | -76.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,773 | €3,745 | -€28 | -0.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,282 | €7,565 | +€1,283 | +20.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €80 | - | -€80 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €191 | €128 | -€63 | -33.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €16,930 | €10,008 | -€6,922 | -40.9% |
| Operating profit (loss) | 9901 | €10,377 | €1,928 | -€8,449 | -81.4% |
| Financial income | 75/76B | €0 | €173 | +€173 | |
| Recurring financial income | 75 | €0 | €173 | +€173 | |
| Non-recurring financial income | 76B | €0 | €173 | +€173 | |
| Financial charges | 65/66B | €42 | €43 | +€1 | +2.3% |
| Recurring financial charges | 65 | €42 | €43 | +€1 | +2.3% |
| Non-recurring financial charges | 66B | - | €43 | +€43 | |
| Profit (loss) for the period before taxes | 9903 | €10,335 | €2,058 | -€8,277 | -80.1% |
| Income taxes | 67/77 | €2,946 | -€75 | -€3,021 | |
| Profit (loss) for the period | 9904 | €7,389 | €2,133 | -€5,256 | -71.1% |
| Transfer to tax-exempt reserves | 689 | €1,000 | - | -€1,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,389 | €2,133 | -€4,256 | -66.6% |
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 1 November 2026 via checked.be.