A.S.A RECUP BV: what changed
A.S.A RECUP BV
Largest movements
- Receivables within one year +€52,332
up €52,332 (+324%), from €16,160 to €68,492
of which Trade receivables: +€43,998
- Tangible fixed assets -€12,917
down €12,917 (-32.3%), from €40,020 to €27,103
of which Leasing and similar rights: -€9,500
- Cash -€5,372
down €5,372 (-99.2%), from €5,417 to €45
mainly Receivables within one year (-€52,332) and Trade debts (-€16,782)
- Financial fixed assets +€3,000
up €3,000 (+48.9%), from €6,135 to €9,135
- Tax, wage and social debts +€69,033
up €69,033 (+545%), from €12,672 to €81,705
of which Taxes: +€52,448
- Trade debts -€16,782
down €16,782 (-65.5%), from €25,619 to €8,837
- Other debts -€15,654
no longer reported in 2025 (was €15,654)
- Debts after one year -€11,576
no longer reported in 2025 (was €11,576)
of which Financial debts: -€7,676
- Profit (loss) carried forward +€10,295
no longer reported in 2025 (was -€10,295)
- Gross operating margin +€191,902
up €191,902 (+561%), from €34,206 to €226,109
- Staff costs +€116,417
up €116,417 (+746%), from €15,614 to €132,031
- Write-downs +€36,684
new in 2025: €36,684
- Other operating charges +€9,187
up €9,187 (+305%), from €3,013 to €12,200
- Financial charges +€3,252
up €3,252 (+38.0%), from €8,565 to €11,817
of which Financial charges: +€2,932
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,732 | €104,774 | +€37,043 | +54.7% |
| Fixed assets | 21/28 | €46,155 | €36,238 | -€9,917 | -21.5% |
| Tangible fixed assets | 22/27 | €40,020 | €27,103 | -€12,917 | -32.3% |
| Plant, machinery and equipment | 23 | €12,188 | €8,863 | -€3,325 | -27.3% |
| Furniture and vehicles | 24 | €1,649 | €1,557 | -€92 | -5.6% |
| Leasing and similar rights | 25 | €26,184 | €16,684 | -€9,500 | -36.3% |
| Financial fixed assets | 28 | €6,135 | €9,135 | +€3,000 | +48.9% |
| Current assets | 29/58 | €21,576 | €68,536 | +€46,960 | +218% |
| Amounts receivable within one year | 40/41 | €16,160 | €68,492 | +€52,332 | +324% |
| Trade receivables | 40 | €16,160 | €60,157 | +€43,998 | +272% |
| Other amounts receivable | 41 | - | €8,334 | +€8,334 | |
| Cash at bank and in hand | 54/58 | €5,417 | €45 | -€5,372 | -99.2% |
| Total equity and liabilities | 10/49 | €67,732 | €104,774 | +€37,043 | +54.7% |
| Equity | 10/15 | -€9,295 | €5,807 | +€15,101 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €4,807 | +€4,807 | |
| Distributable reserves | 133 | - | €4,807 | +€4,807 | |
| Profit (loss) carried forward | 14 | -€10,295 | - | +€10,295 | |
| Amounts payable | 17/49 | €77,026 | €98,968 | +€21,942 | +28.5% |
| Amounts payable after more than one year | 17 | €11,576 | - | -€11,576 | |
| Financial debts | 170/4 | €7,676 | - | -€7,676 | |
| Other amounts payable | 178/9 | €3,900 | - | -€3,900 | |
| Amounts payable within one year | 42/48 | €64,950 | €98,218 | +€33,267 | +51.2% |
| Current portion of amounts payable after more than one year | 42 | €11,006 | €7,676 | -€3,330 | -30.3% |
| Trade debts | 44 | €25,619 | €8,837 | -€16,782 | -65.5% |
| Suppliers | 440/4 | €25,619 | €8,837 | -€16,782 | -65.5% |
| Taxes, remuneration and social security | 45 | €12,672 | €81,705 | +€69,033 | +545% |
| Taxes | 450/3 | €9,203 | €61,651 | +€52,448 | +570% |
| Remuneration and social security | 454/9 | €3,468 | €20,054 | +€16,585 | +478% |
| Other amounts payable | 47/48 | €15,654 | - | -€15,654 | |
| Accrued charges and deferred income | 492/3 | €500 | €750 | +€250 | +50.0% |
| Remuneration, social security and pensions | 62 | €15,614 | €132,031 | +€116,417 | +746% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,995 | €15,466 | +€1,471 | +10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €36,684 | +€36,684 | |
| Other operating charges | 640/8 | €3,013 | €12,200 | +€9,187 | +305% |
| Gross operating margin | 9900 | €34,206 | €226,109 | +€191,902 | +561% |
| Operating profit (loss) | 9901 | €1,584 | €29,727 | +€28,143 | +1,777% |
| Financial charges | 65/66B | €8,565 | €11,817 | +€3,252 | +38.0% |
| Recurring financial charges | 65 | €8,565 | €11,497 | +€2,932 | +34.2% |
| Non-recurring financial charges | 66B | - | €320 | +€320 | |
| Profit (loss) for the period before taxes | 9903 | -€6,981 | €17,909 | +€24,890 | |
| Income taxes | 67/77 | €218 | €2,808 | +€2,590 | +1,186% |
| Profit (loss) for the period | 9904 | -€7,199 | €15,101 | +€22,300 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,199 | €15,101 | +€22,300 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.