ASA Constructs: 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.
ASA Constructs
Largest movements
- Tangible fixed assets -€14,055
down €14,055 (-3.6%), from €387,784 to €373,728
of which Furniture and vehicles: -€8,901
- Cash +€11,350
up €11,350 (+24835.6%), from €46 to €11,396
mainly Net result for the year (+€45,258) and Depreciation (+€19,466)
- Stocks and contracts -€7,970
down €7,970 (-82.5%), from €9,662 to €1,692
- Receivables within one year +€5,843
up €5,843 (+48.9%), from €11,957 to €17,800
of which Other amounts receivable: +€16,087
- Reserves +€45,258
up €45,258 (+159.3%), from €28,413 to €73,670
- Other debts -€43,492
no longer reported in 2025 (was €43,492)
- Debts after one year -€14,695
down €14,695 (-5.2%), from €282,199 to €267,504
- Tax, wage and social debts +€9,534
up €9,534 (+111.7%), from €8,536 to €18,070
- Current portion of long-term debt -€4,605
down €4,605 (-18.4%), from €24,972 to €20,367
- Gross operating margin +€65,642
up €65,642 (+214.2%), from €30,646 to €96,287
- Taxes +€17,963
up €17,963 (+16666.0%), from €108 to €18,070
- Financial charges +€1,109
up €1,109 (+10.2%), from €10,871 to €11,980
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 | €409,449 | €404,616 | -€4,833 | -1.2% |
| Fixed assets | 21/28 | €387,784 | €373,728 | -€14,055 | -3.6% |
| Tangible fixed assets | 22/27 | €387,784 | €373,728 | -€14,055 | -3.6% |
| Land and buildings | 22 | €340,045 | €340,045 | = | 0.0% |
| Plant, machinery and equipment | 23 | €16,039 | €10,884 | -€5,155 | -32.1% |
| Furniture and vehicles | 24 | €31,700 | €22,799 | -€8,901 | -28.1% |
| Current assets | 29/58 | €21,665 | €30,888 | +€9,223 | +42.6% |
| Stocks and contracts in progress | 3 | €9,662 | €1,692 | -€7,970 | -82.5% |
| Stocks | 30/36 | €9,662 | €1,692 | -€7,970 | -82.5% |
| Amounts receivable within one year | 40/41 | €11,957 | €17,800 | +€5,843 | +48.9% |
| Trade receivables | 40 | €10,244 | - | -€10,244 | |
| Other amounts receivable | 41 | €1,714 | €17,800 | +€16,087 | +938.8% |
| Cash at bank and in hand | 54/58 | €46 | €11,396 | +€11,350 | +24835.6% |
| Total equity and liabilities | 10/49 | €409,449 | €404,616 | -€4,833 | -1.2% |
| Equity | 10/15 | €47,013 | €92,270 | +€45,258 | +96.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,413 | €73,670 | +€45,258 | +159.3% |
| Distributable reserves | 133 | €28,413 | €73,670 | +€45,258 | +159.3% |
| Amounts payable | 17/49 | €362,436 | €312,346 | -€50,090 | -13.8% |
| Amounts payable after more than one year | 17 | €282,199 | €267,504 | -€14,695 | -5.2% |
| Financial debts | 170/4 | €282,199 | €267,504 | -€14,695 | -5.2% |
| Amounts payable within one year | 42/48 | €80,237 | €44,841 | -€35,396 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €24,972 | €20,367 | -€4,605 | -18.4% |
| Trade debts | 44 | €3,237 | €6,404 | +€3,167 | +97.8% |
| Suppliers | 440/4 | €3,237 | €6,404 | +€3,167 | +97.8% |
| Taxes, remuneration and social security | 45 | €8,536 | €18,070 | +€9,534 | +111.7% |
| Taxes | 450/3 | €8,536 | €18,070 | +€9,534 | +111.7% |
| Other amounts payable | 47/48 | €43,492 | - | -€43,492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,148 | €19,466 | +€318 | +1.7% |
| Other operating charges | 640/8 | €1,285 | €1,513 | +€228 | +17.7% |
| Non-recurring operating charges | 66A | €2,189 | - | -€2,189 | |
| Gross operating margin | 9900 | €30,646 | €96,287 | +€65,642 | +214.2% |
| Operating profit (loss) | 9901 | €8,023 | €75,308 | +€67,285 | +838.7% |
| Financial charges | 65/66B | €10,871 | €11,980 | +€1,109 | +10.2% |
| Recurring financial charges | 65 | €10,871 | €11,980 | +€1,109 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,848 | €63,328 | +€66,176 | |
| Income taxes | 67/77 | €108 | €18,070 | +€17,963 | +16666.0% |
| Profit (loss) for the period | 9904 | -€2,956 | €45,258 | +€48,213 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,956 | €45,258 | +€48,213 |
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 12 October 2026 via checked.be.