A.S.A. CONSTRUCT: 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.
A.S.A. CONSTRUCT
Largest movements
- Cash +€72,681
up €72,681 (+45.6%), from €159,314 to €231,995
mainly Receivables within one year (+€71,147) and Depreciation (+€16,351)
- Receivables within one year -€71,147
down €71,147 (-50.1%), from €141,910 to €70,763
of which Trade receivables: -€75,301
- Tangible fixed assets -€15,192
down €15,192 (-8.8%), from €172,449 to €157,257
of which Plant, machinery and equipment: -€15,192
- Tax, wage and social debts -€16,700
down €16,700 (-12.6%), from €132,854 to €116,153
of which Taxes: -€69,597
- Profit (loss) carried forward +€5,930
up €5,930 (+292%), from €2,031 to €7,961
- Purchases and services -€326,782
down €326,782 (-33.5%), from €976,772 to €649,989
- Gross operating margin -€165,224
down €165,224 (-46.0%), from €359,563 to €194,339
- Taxes -€61,229
down €61,229 (-96.9%), from €63,206 to €1,977
- Staff costs +€55,868
up €55,868 (+51.4%), from €108,689 to €164,557
- Depreciation +€7,595
up €7,595 (+86.7%), from €8,756 to €16,351
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 | €483,280 | €471,679 | -€11,601 | -2.4% |
| Formation expenses | 20 | €1,159 | - | -€1,159 | |
| Fixed assets | 21/28 | €172,828 | €159,836 | -€12,992 | -7.5% |
| Tangible fixed assets | 22/27 | €172,449 | €157,257 | -€15,192 | -8.8% |
| Plant, machinery and equipment | 23 | €68,364 | €53,172 | -€15,192 | -22.2% |
| Leasing and similar rights | 25 | €104,085 | €104,085 | = | 0.0% |
| Financial fixed assets | 28 | €379 | €2,579 | +€2,200 | +580% |
| Current assets | 29/58 | €309,293 | €311,843 | +€2,549 | +0.8% |
| Stocks and contracts in progress | 3 | €8,069 | €8,069 | = | 0.0% |
| Stocks | 30/36 | €8,069 | €8,069 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €141,910 | €70,763 | -€71,147 | -50.1% |
| Trade receivables | 40 | €121,356 | €46,055 | -€75,301 | -62.0% |
| Other amounts receivable | 41 | €20,555 | €24,709 | +€4,154 | +20.2% |
| Cash at bank and in hand | 54/58 | €159,314 | €231,995 | +€72,681 | +45.6% |
| Deferred charges and accrued income | 490/1 | - | €1,016 | +€1,016 | |
| Total equity and liabilities | 10/49 | €483,280 | €471,679 | -€11,601 | -2.4% |
| Equity | 10/15 | €22,491 | €28,421 | +€5,930 | +26.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,031 | €7,961 | +€5,930 | +292% |
| Amounts payable | 17/49 | €460,790 | €443,259 | -€17,531 | -3.8% |
| Amounts payable within one year | 42/48 | €460,790 | €443,259 | -€17,531 | -3.8% |
| Trade debts | 44 | €253,141 | €256,234 | +€3,093 | +1.2% |
| Suppliers | 440/4 | €253,141 | €256,234 | +€3,093 | +1.2% |
| Taxes, remuneration and social security | 45 | €132,854 | €116,153 | -€16,700 | -12.6% |
| Taxes | 450/3 | €125,525 | €55,928 | -€69,597 | -55.4% |
| Remuneration and social security | 454/9 | €7,328 | €60,225 | +€52,897 | +722% |
| Other amounts payable | 47/48 | €74,795 | €70,872 | -€3,924 | -5.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €976,772 | €649,989 | -€326,782 | -33.5% |
| Remuneration, social security and pensions | 62 | €108,689 | €164,557 | +€55,868 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,756 | €16,351 | +€7,595 | +86.7% |
| Other operating charges | 640/8 | €3,775 | €5,448 | +€1,672 | +44.3% |
| Gross operating margin | 9900 | €359,563 | €194,339 | -€165,224 | -46.0% |
| Operating profit (loss) | 9901 | €238,343 | €7,984 | -€230,359 | -96.7% |
| Financial charges | 65/66B | €80 | €77 | -€3 | -3.4% |
| Recurring financial charges | 65 | €80 | €77 | -€3 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €238,263 | €7,907 | -€230,356 | -96.7% |
| Income taxes | 67/77 | €63,206 | €1,977 | -€61,229 | -96.9% |
| Profit (loss) for the period | 9904 | €175,057 | €5,930 | -€169,127 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €175,057 | €5,930 | -€169,127 | -96.6% |
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 21 October 2026 via checked.be.