ASV2: 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.
ASV2
Largest movements
- Cash -€56,634
down €56,634 (-24.0%), from €235,704 to €179,069
mainly Investment in fixed assets (net) (-€69,859) and Net result for the year (-€37,996)
- Profit (loss) carried forward -€37,996
down €37,996 (-24.8%), from -€153,290 to -€191,285
- Gross operating margin -€14,280
down €14,280 (-34.5%), from €41,437 to €27,157
- Other operating charges +€5,745
up €5,745 (+65.0%), from €8,842 to €14,587
- Depreciation +€3,260
up €3,260 (+6.9%), from €46,955 to €50,214
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 | €2,601,633 | €2,564,643 | -€36,990 | -1.4% |
| Fixed assets | 21/28 | €2,357,975 | €2,377,620 | +€19,645 | +0.8% |
| Tangible fixed assets | 22/27 | €2,357,975 | €2,377,620 | +€19,645 | +0.8% |
| Land and buildings | 22 | €2,346,955 | €2,366,920 | +€19,965 | +0.9% |
| Furniture and vehicles | 24 | €11,020 | €10,700 | -€320 | -2.9% |
| Current assets | 29/58 | €243,658 | €187,024 | -€56,634 | -23.2% |
| Amounts receivable within one year | 40/41 | €7,954 | €7,954 | = | 0.0% |
| Other amounts receivable | 41 | €7,954 | €7,954 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €235,704 | €179,069 | -€56,634 | -24.0% |
| Total equity and liabilities | 10/49 | €2,601,633 | €2,564,643 | -€36,990 | -1.4% |
| Equity | 10/15 | €2,103,993 | €2,065,998 | -€37,996 | -1.8% |
| Contributions | 10/11 | €2,106,735 | €2,106,735 | = | 0.0% |
| Reserves | 13 | €150,548 | €150,548 | = | 0.0% |
| Distributable reserves | 133 | €150,548 | €150,548 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,290 | -€191,285 | -€37,996 | -24.8% |
| Amounts payable | 17/49 | €497,640 | €498,646 | +€1,006 | +0.2% |
| Amounts payable within one year | 42/48 | €497,640 | €498,646 | +€1,006 | +0.2% |
| Trade debts | 44 | €6,029 | €3,579 | -€2,450 | -40.6% |
| Suppliers | 440/4 | €6,029 | €3,579 | -€2,450 | -40.6% |
| Taxes, remuneration and social security | 45 | €1,902 | €2,052 | +€151 | +7.9% |
| Taxes | 450/3 | €1,902 | €2,052 | +€151 | +7.9% |
| Other amounts payable | 47/48 | €489,709 | €493,015 | +€3,306 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,955 | €50,214 | +€3,260 | +6.9% |
| Other operating charges | 640/8 | €8,842 | €14,587 | +€5,745 | +65.0% |
| Gross operating margin | 9900 | €41,437 | €27,157 | -€14,280 | -34.5% |
| Operating profit (loss) | 9901 | -€14,360 | -€37,645 | -€23,285 | -162% |
| Financial charges | 65/66B | €147 | €152 | +€4 | +3.0% |
| Recurring financial charges | 65 | €147 | €152 | +€4 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,507 | -€37,796 | -€23,289 | -161% |
| Income taxes | 67/77 | - | €200 | +€200 | |
| Profit (loss) for the period | 9904 | -€14,507 | -€37,996 | -€23,489 | -162% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,507 | -€37,996 | -€23,489 | -162% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.