A.S.M.: 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.M.
Largest movements
- Receivables within one year +€218,954
up €218,954 (+112%), from €195,022 to €413,977
of which Trade receivables: +€217,464
- Tangible fixed assets +€54,348
up €54,348 (+86.1%), from €63,142 to €117,490
of which Furniture and vehicles: +€32,307
- Cash -€5,856
down €5,856 (-94.7%), from €6,181 to €325
mainly Receivables within one year (-€218,954) and Investment in fixed assets (net) (-€79,035)
- Debts after one year +€149,215
up €149,215 (+215%), from €69,515 to €218,730
- Current portion of long-term debt +€48,691
up €48,691 (+214%), from €22,705 to €71,397
- Profit (loss) carried forward +€37,245
up €37,245 (+108%), from €34,546 to €71,791
- Tax, wage and social debts +€16,314
up €16,314 (+49.3%), from €33,104 to €49,418
of which Taxes: +€14,302
- Trade debts +€10,792
up €10,792 (+13.8%), from €78,088 to €88,879
- Turnover +€660,819
new in 2024: €660,819
- Purchases and services +€462,922
new in 2024: €462,922
- Gross operating margin +€88,536
up €88,536 (+73.5%), from €120,426 to €208,961
- Staff costs +€26,867
up €26,867 (+38.8%), from €69,298 to €96,165
- Depreciation +€16,968
up €16,968 (+220%), from €7,719 to €24,687
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €264,841 | €533,266 | +€268,425 | +101% |
| Fixed assets | 21/28 | €63,638 | €117,986 | +€54,348 | +85.4% |
| Tangible fixed assets | 22/27 | €63,142 | €117,490 | +€54,348 | +86.1% |
| Plant, machinery and equipment | 23 | €9,299 | €6,412 | -€2,886 | -31.0% |
| Furniture and vehicles | 24 | €53,844 | €86,151 | +€32,307 | +60.0% |
| Leasing and similar rights | 25 | - | €24,927 | +€24,927 | |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €201,203 | €415,280 | +€214,077 | +106% |
| Amounts receivable within one year | 40/41 | €195,022 | €413,977 | +€218,954 | +112% |
| Trade receivables | 40 | €192,482 | €409,946 | +€217,464 | +113% |
| Other amounts receivable | 41 | €2,541 | €4,031 | +€1,490 | +58.7% |
| Cash at bank and in hand | 54/58 | €6,181 | €325 | -€5,856 | -94.7% |
| Deferred charges and accrued income | 490/1 | - | €979 | +€979 | |
| Total equity and liabilities | 10/49 | €264,841 | €533,266 | +€268,425 | +101% |
| Equity | 10/15 | €39,546 | €76,791 | +€37,245 | +94.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,546 | €71,791 | +€37,245 | +108% |
| Amounts payable | 17/49 | €225,295 | €456,476 | +€231,180 | +103% |
| Amounts payable after more than one year | 17 | €69,515 | €218,730 | +€149,215 | +215% |
| Financial debts | 170/4 | €69,515 | €218,730 | +€149,215 | +215% |
| Amounts payable within one year | 42/48 | €154,931 | €237,746 | +€82,815 | +53.5% |
| Current portion of amounts payable after more than one year | 42 | €22,705 | €71,397 | +€48,691 | +214% |
| Trade debts | 44 | €78,088 | €88,879 | +€10,792 | +13.8% |
| Suppliers | 440/4 | €78,088 | €88,879 | +€10,792 | +13.8% |
| Taxes, remuneration and social security | 45 | €33,104 | €49,418 | +€16,314 | +49.3% |
| Taxes | 450/3 | €11,010 | €25,312 | +€14,302 | +130% |
| Remuneration and social security | 454/9 | €22,094 | €24,106 | +€2,012 | +9.1% |
| Other amounts payable | 47/48 | €21,034 | €28,052 | +€7,018 | +33.4% |
| Accrued charges and deferred income | 492/3 | €850 | - | -€850 | |
| Turnover | 70 | - | €660,819 | +€660,819 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €462,922 | +€462,922 | |
| Remuneration, social security and pensions | 62 | €69,298 | €96,165 | +€26,867 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,719 | €24,687 | +€16,968 | +220% |
| Other operating charges | 640/8 | €9,369 | €16,702 | +€7,333 | +78.3% |
| Gross operating margin | 9900 | €120,426 | €208,961 | +€88,536 | +73.5% |
| Operating profit (loss) | 9901 | €34,039 | €71,408 | +€37,369 | +110% |
| Financial income | 75/76B | €59 | €1,168 | +€1,109 | +1,879% |
| Recurring financial income | 75 | €59 | €85 | +€26 | +44.5% |
| Non-recurring financial income | 76B | - | €1,083 | +€1,083 | |
| Financial charges | 65/66B | €5,214 | €18,032 | +€12,818 | +246% |
| Recurring financial charges | 65 | €5,214 | €18,032 | +€12,818 | +246% |
| Profit (loss) for the period before taxes | 9903 | €28,884 | €54,544 | +€25,660 | +88.8% |
| Income taxes | 67/77 | €11,010 | €17,299 | +€6,290 | +57.1% |
| Profit (loss) for the period | 9904 | €17,874 | €37,245 | +€19,370 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €17,874 | €37,245 | +€19,370 | +108% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.