A.S.A. SECURITY: 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.
A.S.A. SECURITY
Largest movements
- Tangible fixed assets +€22,957
up €22,957 (+177.1%), from €12,965 to €35,922
of which Other tangible fixed assets: +€23,372
- Cash -€15,501
down €15,501 (-10.4%), from €149,658 to €134,157
mainly Investment in fixed assets (net) (-€26,966) and Net result for the year (-€3,135)
- Stocks and contracts -€4,462
down €4,462 (-28.8%), from €15,487 to €11,025
- Receivables within one year -€3,279
down €3,279 (-9.1%), from €36,026 to €32,747
of which Trade receivables: -€4,005
- Profit (loss) carried forward -€3,135
down €3,135 (-2.4%), from €130,612 to €127,477
- Tax, wage and social debts +€2,706
new in 2025: €2,706
- Other operating charges -€2,486
down €2,486 (-94.5%), from €2,631 to €145
- Depreciation +€1,582
up €1,582 (+65.2%), from €2,426 to €4,009
- Gross operating margin +€1,357
up €1,357, from -€671 to €686
- Financial income +€373
up €373 (+289.0%), from €129 to €502
- Financial charges +€21
up €21 (+14.0%), from €148 to €169
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 | €214,835 | €213,866 | -€969 | -0.5% |
| Fixed assets | 21/28 | €12,965 | €35,922 | +€22,957 | +177.1% |
| Tangible fixed assets | 22/27 | €12,965 | €35,922 | +€22,957 | +177.1% |
| Land and buildings | 22 | - | €2,000 | +€2,000 | |
| Furniture and vehicles | 24 | €7,077 | €4,662 | -€2,415 | -34.1% |
| Other tangible fixed assets | 26 | €5,888 | €29,260 | +€23,372 | +397.0% |
| Current assets | 29/58 | €201,870 | €177,944 | -€23,926 | -11.9% |
| Stocks and contracts in progress | 3 | €15,487 | €11,025 | -€4,462 | -28.8% |
| Stocks | 30/36 | €15,487 | €11,025 | -€4,462 | -28.8% |
| Amounts receivable within one year | 40/41 | €36,026 | €32,747 | -€3,279 | -9.1% |
| Trade receivables | 40 | €27,363 | €23,358 | -€4,005 | -14.6% |
| Other amounts receivable | 41 | €8,663 | €9,389 | +€725 | +8.4% |
| Cash at bank and in hand | 54/58 | €149,658 | €134,157 | -€15,501 | -10.4% |
| Deferred charges and accrued income | 490/1 | €699 | €14 | -€684 | -97.9% |
| Total equity and liabilities | 10/49 | €214,835 | €213,866 | -€969 | -0.5% |
| Equity | 10/15 | €213,112 | €209,977 | -€3,135 | -1.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,612 | €127,477 | -€3,135 | -2.4% |
| Amounts payable | 17/49 | €1,723 | €3,889 | +€2,166 | +125.7% |
| Amounts payable within one year | 42/48 | €1,723 | €3,889 | +€2,166 | +125.7% |
| Trade debts | 44 | €1,723 | €1,183 | -€540 | -31.3% |
| Suppliers | 440/4 | €1,723 | €1,183 | -€540 | -31.3% |
| Taxes, remuneration and social security | 45 | - | €2,706 | +€2,706 | |
| Remuneration and social security | 454/9 | - | €2,706 | +€2,706 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,426 | €4,009 | +€1,582 | +65.2% |
| Other operating charges | 640/8 | €2,631 | €145 | -€2,486 | -94.5% |
| Gross operating margin | 9900 | -€671 | €686 | +€1,357 | |
| Operating profit (loss) | 9901 | -€5,728 | -€3,467 | +€2,260 | +39.5% |
| Financial income | 75/76B | €129 | €502 | +€373 | +289.0% |
| Recurring financial income | 75 | €129 | €502 | +€373 | +289.0% |
| Financial charges | 65/66B | €148 | €169 | +€21 | +14.0% |
| Recurring financial charges | 65 | €148 | €169 | +€21 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,747 | -€3,135 | +€2,612 | +45.5% |
| Profit (loss) for the period | 9904 | -€5,747 | -€3,135 | +€2,612 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,747 | -€3,135 | +€2,612 | +45.5% |
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 4 October 2026 via checked.be.