ASWO: 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.
ASWO
Largest movements
- Deferred charges and accrued income -€1,015
no longer reported in 2025 (was €1,015)
- Cash +€834
new in 2025: €834
mainly Trade debts (+€1,882) and Deferred charges and accrued income (+€1,015)
- Trade debts +€1,882
up €1,882 (+485.8%), from €387 to €2,269
- Other debts -€1,365
down €1,365 (-1.4%), from €95,082 to €93,717
- Profit (loss) carried forward -€539
down €539 (-0.1%), from -€372,713 to -€373,252
- Gross operating margin -€139
down €139 (-13.9%), from €1,000 to €861
- Financial charges +€48
up €48 (+23.6%), from €206 to €254
- Other operating charges +€35
up €35 (+3.2%), from €1,097 to €1,132
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 | €53,321 | €53,140 | -€181 | -0.3% |
| Fixed assets | 21/28 | €52,306 | €52,306 | +€0 | 0.0% |
| Tangible fixed assets | 22/27 | €52,306 | €52,306 | +€0 | 0.0% |
| Land and buildings | 22 | €52,058 | €52,058 | +€0 | 0.0% |
| Other tangible fixed assets | 26 | €248 | €248 | +€0 | 0.0% |
| Current assets | 29/58 | €1,015 | €834 | -€181 | -17.9% |
| Cash at bank and in hand | 54/58 | - | €834 | +€834 | |
| Deferred charges and accrued income | 490/1 | €1,015 | - | -€1,015 | |
| Total equity and liabilities | 10/49 | €53,321 | €53,140 | -€181 | -0.3% |
| Equity | 10/15 | -€42,307 | -€42,846 | -€539 | -1.3% |
| Contributions | 10/11 | €329,698 | €329,698 | -€0 | 0.0% |
| Reserves | 13 | €708 | €708 | +€0 | 0.0% |
| Distributable reserves | 133 | €708 | €708 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€372,713 | -€373,252 | -€539 | -0.1% |
| Amounts payable | 17/49 | €95,628 | €95,986 | +€358 | +0.4% |
| Amounts payable within one year | 42/48 | €95,628 | €95,986 | +€358 | +0.4% |
| Financial debts | 43 | €159 | - | -€159 | |
| Credit institutions | 430/8 | €159 | - | -€159 | |
| Trade debts | 44 | €387 | €2,269 | +€1,882 | +485.8% |
| Suppliers | 440/4 | €387 | €2,269 | +€1,882 | +485.8% |
| Other amounts payable | 47/48 | €95,082 | €93,717 | -€1,365 | -1.4% |
| Other operating charges | 640/8 | €1,097 | €1,132 | +€35 | +3.2% |
| Non-recurring operating charges | 66A | - | €14 | +€14 | |
| Gross operating margin | 9900 | €1,000 | €861 | -€139 | -13.9% |
| Operating profit (loss) | 9901 | -€97 | -€285 | -€188 | -195.2% |
| Financial charges | 65/66B | €206 | €254 | +€48 | +23.6% |
| Recurring financial charges | 65 | €206 | €254 | +€48 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | -€302 | -€539 | -€237 | -78.4% |
| Profit (loss) for the period | 9904 | -€302 | -€539 | -€237 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€302 | -€539 | -€237 | -78.4% |
Source: filed annual accounts (NBB), fiscal 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 October 2026 via checked.be.