ASV: 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.
ASV
Largest movements
- Cash -€67,753
down €67,753 (-52.0%), from €130,171 to €62,418
mainly Trade debts (-€37,381) and Debts after one year (-€23,491)
- Intangible fixed assets -€4,000
down €4,000 (-13.5%), from €29,666 to €25,666
- Trade debts -€37,381
down €37,381 (-73.4%), from €50,943 to €13,562
- Debts after one year -€23,491
down €23,491 (-14.3%), from €163,750 to €140,259
- Tax, wage and social debts -€14,786
down €14,786 (-85.4%), from €17,315 to €2,529
- Other debts +€5,369
up €5,369 (+16.0%), from €33,548 to €38,917
- Current portion of long-term debt -€4,574
down €4,574 (-16.3%), from €28,065 to €23,491
- Gross operating margin -€66,195
down €66,195 (-64.5%), from €102,573 to €36,378
- Depreciation -€28,265
down €28,265 (-60.6%), from €46,672 to €18,406
- Taxes -€8,083
down €8,083 (-81.4%), from €9,929 to €1,846
- Financial charges +€2,089
up €2,089 (+42.4%), from €4,931 to €7,020
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 | €349,048 | €278,253 | -€70,795 | -20.3% |
| Fixed assets | 21/28 | €214,755 | €209,428 | -€5,327 | -2.5% |
| Intangible fixed assets | 21 | €29,666 | €25,666 | -€4,000 | -13.5% |
| Tangible fixed assets | 22/27 | €185,089 | €183,762 | -€1,327 | -0.7% |
| Land and buildings | 22 | €174,610 | €165,595 | -€9,015 | -5.2% |
| Plant, machinery and equipment | 23 | €7,055 | €5,101 | -€1,954 | -27.7% |
| Furniture and vehicles | 24 | €3,424 | €13,066 | +€9,643 | +281.7% |
| Current assets | 29/58 | €134,293 | €68,825 | -€65,468 | -48.8% |
| Amounts receivable within one year | 40/41 | €4,123 | €5,674 | +€1,551 | +37.6% |
| Trade receivables | 40 | €4,123 | €2,542 | -€1,581 | -38.3% |
| Other amounts receivable | 41 | - | €3,132 | +€3,132 | |
| Cash at bank and in hand | 54/58 | €130,171 | €62,418 | -€67,753 | -52.0% |
| Deferred charges and accrued income | 490/1 | - | €733 | +€733 | |
| Total equity and liabilities | 10/49 | €349,048 | €278,253 | -€70,795 | -20.3% |
| Equity | 10/15 | €55,426 | €59,494 | +€4,068 | +7.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €52,426 | €56,494 | +€4,068 | +7.8% |
| Distributable reserves | 133 | €52,426 | €56,494 | +€4,068 | +7.8% |
| Amounts payable | 17/49 | €293,622 | €218,759 | -€74,863 | -25.5% |
| Amounts payable after more than one year | 17 | €163,750 | €140,259 | -€23,491 | -14.3% |
| Financial debts | 170/4 | €163,750 | €140,259 | -€23,491 | -14.3% |
| Amounts payable within one year | 42/48 | €129,871 | €78,500 | -€51,372 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €28,065 | €23,491 | -€4,574 | -16.3% |
| Trade debts | 44 | €50,943 | €13,562 | -€37,381 | -73.4% |
| Suppliers | 440/4 | €50,943 | €13,562 | -€37,381 | -73.4% |
| Taxes, remuneration and social security | 45 | €17,315 | €2,529 | -€14,786 | -85.4% |
| Taxes | 450/3 | €17,315 | €2,529 | -€14,786 | -85.4% |
| Other amounts payable | 47/48 | €33,548 | €38,917 | +€5,369 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,672 | €18,406 | -€28,265 | -60.6% |
| Other operating charges | 640/8 | €3,905 | €3,407 | -€498 | -12.8% |
| Gross operating margin | 9900 | €102,573 | €36,378 | -€66,195 | -64.5% |
| Operating profit (loss) | 9901 | €51,996 | €14,565 | -€37,431 | -72.0% |
| Financial income | 75/76B | €44 | €35 | -€9 | -21.0% |
| Recurring financial income | 75 | €44 | €35 | -€9 | -21.0% |
| Financial charges | 65/66B | €4,931 | €7,020 | +€2,089 | +42.4% |
| Recurring financial charges | 65 | €4,931 | €7,020 | +€2,089 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €47,110 | €7,580 | -€39,530 | -83.9% |
| Income taxes | 67/77 | €9,929 | €1,846 | -€8,083 | -81.4% |
| Profit (loss) for the period | 9904 | €37,180 | €5,734 | -€31,447 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,180 | €5,734 | -€31,447 | -84.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.