BS ASPAVA: 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.
BS ASPAVA
Largest movements
- Receivables within one year -€57,496
down €57,496 (-62.3%), from €92,268 to €34,772
of which Other amounts receivable: -€38,759
- Tangible fixed assets -€15,369
down €15,369 (-46.1%), from €33,364 to €17,994
- Intangible fixed assets -€4,375
down €4,375 (-40.2%), from €10,884 to €6,509
- Profit (loss) carried forward -€41,760
down €41,760 (-56.1%), from €74,429 to €32,669
- Tax, wage and social debts -€20,833
down €20,833 (-77.9%), from €26,758 to €5,925
of which Taxes: -€19,552
- Trade debts -€16,298
down €16,298 (-49.4%), from €32,998 to €16,700
- Current portion of long-term debt +€4,811
up €4,811 (+103%), from €4,660 to €9,471
- Other debts -€3,595
down €3,595 (-86.2%), from €4,171 to €576
- Staff costs -€77,572
down €77,572 (-66.1%), from €117,338 to €39,766
- Gross operating margin -€53,795
down €53,795 (-38.2%), from €140,774 to €86,978
- Other operating charges +€44,887
up €44,887 (+183%), from €24,481 to €69,368
- Financial charges -€3,421
down €3,421 (-36.9%), from €9,281 to €5,859
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 | €146,015 | €68,341 | -€77,675 | -53.2% |
| Fixed assets | 21/28 | €44,247 | €24,503 | -€19,744 | -44.6% |
| Intangible fixed assets | 21 | €10,884 | €6,509 | -€4,375 | -40.2% |
| Tangible fixed assets | 22/27 | €33,364 | €17,994 | -€15,369 | -46.1% |
| Plant, machinery and equipment | 23 | €7,760 | €223 | -€7,537 | -97.1% |
| Furniture and vehicles | 24 | €21,153 | €16,091 | -€5,063 | -23.9% |
| Leasing and similar rights | 25 | €4,450 | €1,681 | -€2,769 | -62.2% |
| Current assets | 29/58 | €101,768 | €43,838 | -€57,930 | -56.9% |
| Stocks and contracts in progress | 3 | €8,415 | €8,415 | = | 0.0% |
| Stocks | 30/36 | €8,415 | €8,415 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €92,268 | €34,772 | -€57,496 | -62.3% |
| Trade receivables | 40 | €43,481 | €24,744 | -€18,737 | -43.1% |
| Other amounts receivable | 41 | €48,787 | €10,028 | -€38,759 | -79.4% |
| Cash at bank and in hand | 54/58 | €1,085 | €651 | -€434 | -40.0% |
| Total equity and liabilities | 10/49 | €146,015 | €68,341 | -€77,675 | -53.2% |
| Equity | 10/15 | €77,429 | €35,669 | -€41,760 | -53.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,429 | €32,669 | -€41,760 | -56.1% |
| Amounts payable | 17/49 | €68,587 | €32,671 | -€35,915 | -52.4% |
| Amounts payable within one year | 42/48 | €68,587 | €32,671 | -€35,915 | -52.4% |
| Current portion of amounts payable after more than one year | 42 | €4,660 | €9,471 | +€4,811 | +103% |
| Trade debts | 44 | €32,998 | €16,700 | -€16,298 | -49.4% |
| Suppliers | 440/4 | €32,998 | €16,700 | -€16,298 | -49.4% |
| Taxes, remuneration and social security | 45 | €26,758 | €5,925 | -€20,833 | -77.9% |
| Taxes | 450/3 | €25,478 | €5,925 | -€19,552 | -76.7% |
| Remuneration and social security | 454/9 | €1,281 | - | -€1,281 | |
| Other amounts payable | 47/48 | €4,171 | €576 | -€3,595 | -86.2% |
| Remuneration, social security and pensions | 62 | €117,338 | €39,766 | -€77,572 | -66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,149 | €12,289 | +€1,140 | +10.2% |
| Other operating charges | 640/8 | €24,481 | €69,368 | +€44,887 | +183% |
| Gross operating margin | 9900 | €140,774 | €86,978 | -€53,795 | -38.2% |
| Operating profit (loss) | 9901 | -€12,195 | -€34,445 | -€22,251 | -182% |
| Financial income | 75/76B | €1 | €1 | +€1 | +116% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +116% |
| Financial charges | 65/66B | €9,281 | €5,859 | -€3,421 | -36.9% |
| Recurring financial charges | 65 | €9,281 | €5,859 | -€3,421 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,475 | -€40,303 | -€18,829 | -87.7% |
| Income taxes | 67/77 | €825 | €1,456 | +€631 | +76.5% |
| Profit (loss) for the period | 9904 | -€22,300 | -€41,760 | -€19,460 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,300 | -€41,760 | -€19,460 | -87.3% |
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.