DR. 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.
DR. ASV
Largest movements
- Cash +€255,086
up €255,086 (+2730.8%), from €9,341 to €264,427
mainly Net result for the year (+€471,855) and Other debts (+€138,266)
- Deferred charges and accrued income +€52,903
up €52,903 (+17.5%), from €301,948 to €354,850
- Tangible fixed assets -€28,216
down €28,216 (-25.0%), from €112,846 to €84,630
of which Furniture and vehicles: -€27,874
- Receivables within one year -€8,993
down €8,993 (-16.4%), from €54,899 to €45,905
of which Trade receivables: -€10,468
- Other debts +€138,266
up €138,266 (+137.5%), from €100,553 to €238,819
- Reserves +€114,126
up €114,126 (+31.9%), from €357,728 to €471,855
of which Distributable reserves: +€115,986
- Tax, wage and social debts +€20,540
new in 2025: €20,540
- Gross operating margin +€160,595
up €160,595 (+32.0%), from €502,140 to €662,735
- Taxes +€43,163
up €43,163 (+36.8%), from €117,377 to €160,540
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 | €479,034 | €749,813 | +€270,780 | +56.5% |
| Fixed assets | 21/28 | €112,846 | €84,630 | -€28,216 | -25.0% |
| Tangible fixed assets | 22/27 | €112,846 | €84,630 | -€28,216 | -25.0% |
| Plant, machinery and equipment | 23 | €342 | - | -€342 | |
| Furniture and vehicles | 24 | €112,504 | €84,630 | -€27,874 | -24.8% |
| Current assets | 29/58 | €366,188 | €665,183 | +€298,996 | +81.7% |
| Amounts receivable within one year | 40/41 | €54,899 | €45,905 | -€8,993 | -16.4% |
| Trade receivables | 40 | €12,500 | €2,032 | -€10,468 | -83.7% |
| Other amounts receivable | 41 | €42,399 | €43,873 | +€1,475 | +3.5% |
| Cash at bank and in hand | 54/58 | €9,341 | €264,427 | +€255,086 | +2730.8% |
| Deferred charges and accrued income | 490/1 | €301,948 | €354,850 | +€52,903 | +17.5% |
| Total equity and liabilities | 10/49 | €479,034 | €749,813 | +€270,780 | +56.5% |
| Equity | 10/15 | €376,328 | €490,455 | +€114,126 | +30.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €357,728 | €471,855 | +€114,126 | +31.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €355,868 | €471,855 | +€115,986 | +32.6% |
| Amounts payable | 17/49 | €102,705 | €259,358 | +€156,653 | +152.5% |
| Amounts payable within one year | 42/48 | €102,705 | €259,358 | +€156,653 | +152.5% |
| Trade debts | 44 | €2,152 | - | -€2,152 | |
| Suppliers | 440/4 | €2,152 | - | -€2,152 | |
| Taxes, remuneration and social security | 45 | - | €20,540 | +€20,540 | |
| Taxes | 450/3 | - | €20,540 | +€20,540 | |
| Other amounts payable | 47/48 | €100,553 | €238,819 | +€138,266 | +137.5% |
| Non-recurring operating income | 76A | €12,500 | - | -€12,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,552 | €28,216 | +€1,664 | +6.3% |
| Other operating charges | 640/8 | €2,151 | €1,983 | -€167 | -7.8% |
| Gross operating margin | 9900 | €502,140 | €662,735 | +€160,595 | +32.0% |
| Operating profit (loss) | 9901 | €473,438 | €632,536 | +€159,098 | +33.6% |
| Financial income | 75/76B | €32 | - | -€32 | |
| Recurring financial income | 75 | €32 | - | -€32 | |
| Financial charges | 65/66B | €225 | €142 | -€83 | -37.1% |
| Recurring financial charges | 65 | €225 | €142 | -€83 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €473,245 | €632,394 | +€159,149 | +33.6% |
| Income taxes | 67/77 | €117,377 | €160,540 | +€43,163 | +36.8% |
| Profit (loss) for the period | 9904 | €355,868 | €471,855 | +€115,987 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €355,868 | €471,855 | +€115,987 | +32.6% |
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 8 October 2026 via checked.be.