ASZ: 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.
ASZ
Largest movements
- Cash +€58,546
up €58,546 (+25.3%), from €231,187 to €289,732
mainly Net result for the year (+€31,288) and Depreciation (+€30,388)
- Tangible fixed assets -€30,388
down €30,388 (-52.9%), from €57,424 to €27,036
of which Furniture and vehicles: -€30,388
- Receivables within one year +€5,502
up €5,502 (+1,656%), from €332 to €5,834
of which Other amounts receivable: +€5,834
- Reserves +€31,288
up €31,288 (+12.1%), from €258,573 to €289,860
of which Distributable reserves: +€31,288
- Tax, wage and social debts +€5,564
up €5,564 (+29.9%), from €18,621 to €24,184
of which Taxes: +€5,564
- Gross operating margin -€12,915
down €12,915 (-14.4%), from €89,400 to €76,484
- Taxes -€3,614
down €3,614 (-20.1%), from €17,955 to €14,341
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 | €288,943 | €322,602 | +€33,659 | +11.6% |
| Fixed assets | 21/28 | €57,424 | €27,036 | -€30,388 | -52.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €57,424 | €27,036 | -€30,388 | -52.9% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €57,424 | €27,036 | -€30,388 | -52.9% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €231,519 | €295,566 | +€64,047 | +27.7% |
| Amounts receivable within one year | 40/41 | €332 | €5,834 | +€5,502 | +1,656% |
| Trade receivables | 40 | €332 | €0 | -€332 | -100% |
| Other amounts receivable | 41 | €0 | €5,834 | +€5,834 | |
| Cash at bank and in hand | 54/58 | €231,187 | €289,732 | +€58,546 | +25.3% |
| Total equity and liabilities | 10/49 | €288,943 | €322,602 | +€33,659 | +11.6% |
| Equity | 10/15 | €264,773 | €296,060 | +€31,288 | +11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €258,573 | €289,860 | +€31,288 | +12.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €258,573 | €289,860 | +€31,288 | +12.1% |
| Amounts payable | 17/49 | €24,170 | €26,542 | +€2,372 | +9.8% |
| Amounts payable within one year | 42/48 | €24,170 | €26,542 | +€2,372 | +9.8% |
| Trade debts | 44 | €5,462 | €2,358 | -€3,104 | -56.8% |
| Suppliers | 440/4 | €5,462 | €2,358 | -€3,104 | -56.8% |
| Taxes, remuneration and social security | 45 | €18,621 | €24,184 | +€5,564 | +29.9% |
| Taxes | 450/3 | €18,621 | €24,184 | +€5,564 | +29.9% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €88 | €0 | -€88 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,774 | €30,388 | +€614 | +2.1% |
| Other operating charges | 640/8 | €664 | €317 | -€347 | -52.3% |
| Gross operating margin | 9900 | €89,400 | €76,484 | -€12,915 | -14.4% |
| Operating profit (loss) | 9901 | €58,962 | €45,780 | -€13,182 | -22.4% |
| Financial income | 75/76B | €0 | €88 | +€88 | +881,400% |
| Recurring financial income | 75 | €0 | €88 | +€88 | +881,400% |
| Financial charges | 65/66B | €352 | €239 | -€113 | -32.1% |
| Recurring financial charges | 65 | €352 | €239 | -€113 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €58,609 | €45,628 | -€12,981 | -22.1% |
| Income taxes | 67/77 | €17,955 | €14,341 | -€3,614 | -20.1% |
| Profit (loss) for the period | 9904 | €40,654 | €31,288 | -€9,367 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,654 | €31,288 | -€9,367 | -23.0% |
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 24 October 2026 via checked.be.