A.S.B.: 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.B.
Largest movements
- Tangible fixed assets -€15,477
down €15,477 (-4.6%), from €333,207 to €317,730
of which Land and buildings: -€8,483
- Stocks and contracts -€14,629
down €14,629 (-5.5%), from €265,856 to €251,227
- Cash -€12,074
down €12,074 (-32.9%), from €36,661 to €24,587
mainly Trade debts (-€37,629) and Other debts (-€7,505)
- Trade debts -€37,629
down €37,629 (-76.8%), from €49,027 to €11,398
- Other debts -€7,505
down €7,505 (-1.6%), from €480,486 to €472,981
- Gross operating margin +€8,852
up €8,852 (+51.4%), from €17,228 to €26,080
- Taxes +€2,478
up €2,478 (+96.0%), from €2,581 to €5,059
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 | €658,495 | €613,409 | -€45,086 | -6.8% |
| Fixed assets | 21/28 | €333,268 | €317,790 | -€15,477 | -4.6% |
| Tangible fixed assets | 22/27 | €333,207 | €317,730 | -€15,477 | -4.6% |
| Land and buildings | 22 | €197,837 | €189,354 | -€8,483 | -4.3% |
| Plant, machinery and equipment | 23 | €10,357 | €6,416 | -€3,941 | -38.1% |
| Furniture and vehicles | 24 | €5,954 | €2,900 | -€3,053 | -51.3% |
| Other tangible fixed assets | 26 | €119,060 | €119,060 | = | 0.0% |
| Financial fixed assets | 28 | €61 | €61 | = | 0.0% |
| Current assets | 29/58 | €325,227 | €295,619 | -€29,609 | -9.1% |
| Stocks and contracts in progress | 3 | €265,856 | €251,227 | -€14,629 | -5.5% |
| Stocks | 30/36 | €265,856 | €251,227 | -€14,629 | -5.5% |
| Amounts receivable within one year | 40/41 | €22,710 | €19,804 | -€2,906 | -12.8% |
| Trade receivables | 40 | €20,869 | €19,622 | -€1,247 | -6.0% |
| Other amounts receivable | 41 | €1,841 | €183 | -€1,659 | -90.1% |
| Cash at bank and in hand | 54/58 | €36,661 | €24,587 | -€12,074 | -32.9% |
| Total equity and liabilities | 10/49 | €658,495 | €613,409 | -€45,086 | -6.8% |
| Equity | 10/15 | €97,293 | €100,353 | +€3,060 | +3.1% |
| Contributions | 10/11 | €70,650 | €70,650 | = | 0.0% |
| Capital | 10 | €70,650 | €70,650 | = | 0.0% |
| Issued capital | 100 | €70,650 | €70,650 | = | 0.0% |
| Reserves | 13 | €7,065 | €7,065 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,065 | €7,065 | = | 0.0% |
| Legal reserve | 130 | €7,065 | €7,065 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,578 | €22,638 | +€3,060 | +15.6% |
| Amounts payable | 17/49 | €561,202 | €513,056 | -€48,146 | -8.6% |
| Amounts payable within one year | 42/48 | €561,202 | €513,056 | -€48,146 | -8.6% |
| Trade debts | 44 | €49,027 | €11,398 | -€37,629 | -76.8% |
| Suppliers | 440/4 | €49,027 | €11,398 | -€37,629 | -76.8% |
| Taxes, remuneration and social security | 45 | €31,689 | €28,677 | -€3,012 | -9.5% |
| Taxes | 450/3 | €31,689 | €28,677 | -€3,012 | -9.5% |
| Other amounts payable | 47/48 | €480,486 | €472,981 | -€7,505 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,817 | €16,758 | -€60 | -0.4% |
| Other operating charges | 640/8 | €820 | €906 | +€86 | +10.5% |
| Gross operating margin | 9900 | €17,228 | €26,080 | +€8,852 | +51.4% |
| Operating profit (loss) | 9901 | -€410 | €8,416 | +€8,826 | |
| Financial income | 75/76B | €1 | €2 | +€1 | +156.5% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +156.5% |
| Financial charges | 65/66B | €281 | €300 | +€18 | +6.5% |
| Recurring financial charges | 65 | €281 | €300 | +€18 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€690 | €8,119 | +€8,809 | |
| Income taxes | 67/77 | €2,581 | €5,059 | +€2,478 | +96.0% |
| Profit (loss) for the period | 9904 | -€3,271 | €3,060 | +€6,331 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,271 | €3,060 | +€6,331 |
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.