ASA Gestion: 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 Gestion
Largest movements
- Tangible fixed assets +€65,980
up €65,980 (+30.7%), from €215,200 to €281,180
- Receivables within one year +€28,013
up €28,013 (+1,573%), from €1,781 to €29,794
of which Trade receivables: +€25,394
- Trade debts +€50,157
new in 2025: €50,157
- Debts after one year +€16,500
up €16,500 (+8.2%), from €202,109 to €218,609
- Profit (loss) carried forward +€13,159
up €13,159, from -€4,666 to €8,494
- Short-term financial debts +€9,420
up €9,420 (+160%), from €5,880 to €15,300
- Other debts +€6,000
new in 2025: €6,000
- Gross operating margin +€9,734
up €9,734 (+40.5%), from €24,015 to €33,749
- Financial charges +€5,928
up €5,928 (+293%), from €2,026 to €7,954
- Depreciation +€3,580
up €3,580 (+54.2%), from €6,600 to €10,180
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.
Derived cash bridge
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 | €218,923 | €314,160 | +€95,237 | +43.5% |
| Fixed assets | 21/28 | €215,200 | €281,180 | +€65,980 | +30.7% |
| Tangible fixed assets | 22/27 | €215,200 | €281,180 | +€65,980 | +30.7% |
| Land and buildings | 22 | €215,200 | €281,180 | +€65,980 | +30.7% |
| Current assets | 29/58 | €3,723 | €32,980 | +€29,257 | +786% |
| Amounts receivable within one year | 40/41 | €1,781 | €29,794 | +€28,013 | +1,573% |
| Trade receivables | 40 | €851 | €26,245 | +€25,394 | +2,983% |
| Other amounts receivable | 41 | €930 | €3,549 | +€2,620 | +282% |
| Cash at bank and in hand | 54/58 | €1,942 | €3,186 | +€1,244 | +64.0% |
| Total equity and liabilities | 10/49 | €218,923 | €314,160 | +€95,237 | +43.5% |
| Equity | 10/15 | €10,934 | €24,094 | +€13,159 | +120% |
| Contributions | 10/11 | €15,600 | €15,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,666 | €8,494 | +€13,159 | |
| Amounts payable | 17/49 | €207,989 | €290,066 | +€82,078 | +39.5% |
| Amounts payable after more than one year | 17 | €202,109 | €218,609 | +€16,500 | +8.2% |
| Financial debts | 170/4 | €202,109 | €218,609 | +€16,500 | +8.2% |
| Amounts payable within one year | 42/48 | €5,880 | €71,457 | +€65,578 | +1,115% |
| Financial debts | 43 | €5,880 | €15,300 | +€9,420 | +160% |
| Credit institutions | 430/8 | €5,880 | €15,300 | +€9,420 | +160% |
| Trade debts | 44 | - | €50,157 | +€50,157 | |
| Suppliers | 440/4 | - | €50,157 | +€50,157 | |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,600 | €10,180 | +€3,580 | +54.2% |
| Other operating charges | 640/8 | €2,380 | €2,456 | +€75 | +3.2% |
| Gross operating margin | 9900 | €24,015 | €33,749 | +€9,734 | +40.5% |
| Operating profit (loss) | 9901 | €15,035 | €21,114 | +€6,079 | +40.4% |
| Financial charges | 65/66B | €2,026 | €7,954 | +€5,928 | +293% |
| Recurring financial charges | 65 | €2,026 | €7,954 | +€5,928 | +293% |
| Profit (loss) for the period before taxes | 9903 | €13,008 | €13,159 | +€151 | +1.2% |
| Profit (loss) for the period | 9904 | €13,008 | €13,159 | +€151 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,008 | €13,159 | +€151 | +1.2% |
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 19 October 2026 via checked.be.