ASAB: 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.
ASAB
Largest movements
- Tangible fixed assets -€5,276
down €5,276 (-56.1%), from €9,410 to €4,134
of which Furniture and vehicles: -€5,032
- Receivables within one year -€4,982
down €4,982 (-91.3%), from €5,455 to €473
of which Trade receivables: -€4,946
- Stocks and contracts +€3,528
new in 2025: €3,528
- Deferred charges and accrued income -€3,075
down €3,075 (-28.6%), from €10,744 to €7,669
- Cash +€1,559
up €1,559 (+532.3%), from €293 to €1,851
mainly Depreciation (+€6,670) and Receivables within one year (+€4,982)
- Tax, wage and social debts -€4,530
down €4,530 (-70.7%), from €6,411 to €1,881
of which Taxes: -€2,780
- Other debts -€3,224
down €3,224 (-37.3%), from €8,648 to €5,424
- Debts after one year -€1,327
down €1,327 (-26.7%), from €4,978 to €3,651
- Gross operating margin +€7,013
up €7,013 (+472.6%), from €1,484 to €8,497
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 | €27,624 | €18,868 | -€8,755 | -31.7% |
| Formation expenses | 20 | €1,723 | €1,214 | -€509 | -29.5% |
| Fixed assets | 21/28 | €9,410 | €4,134 | -€5,276 | -56.1% |
| Tangible fixed assets | 22/27 | €9,410 | €4,134 | -€5,276 | -56.1% |
| Plant, machinery and equipment | 23 | €849 | €605 | -€244 | -28.7% |
| Furniture and vehicles | 24 | €8,561 | €3,529 | -€5,032 | -58.8% |
| Current assets | 29/58 | €16,491 | €13,521 | -€2,970 | -18.0% |
| Stocks and contracts in progress | 3 | - | €3,528 | +€3,528 | |
| Contracts in progress | 37 | - | €3,528 | +€3,528 | |
| Amounts receivable within one year | 40/41 | €5,455 | €473 | -€4,982 | -91.3% |
| Trade receivables | 40 | €4,946 | - | -€4,946 | |
| Other amounts receivable | 41 | €509 | €473 | -€36 | -7.0% |
| Cash at bank and in hand | 54/58 | €293 | €1,851 | +€1,559 | +532.3% |
| Deferred charges and accrued income | 490/1 | €10,744 | €7,669 | -€3,075 | -28.6% |
| Total equity and liabilities | 10/49 | €27,624 | €18,868 | -€8,755 | -31.7% |
| Equity | 10/15 | €4,502 | €4,639 | +€137 | +3.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €7,330 | €7,330 | = | 0.0% |
| Distributable reserves | 133 | €7,330 | €7,330 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,829 | -€6,692 | +€137 | +2.0% |
| Amounts payable | 17/49 | €23,122 | €14,229 | -€8,893 | -38.5% |
| Amounts payable after more than one year | 17 | €4,978 | €3,651 | -€1,327 | -26.7% |
| Financial debts | 170/4 | €4,978 | €3,651 | -€1,327 | -26.7% |
| Amounts payable within one year | 42/48 | €18,144 | €10,573 | -€7,571 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €1,282 | €1,327 | +€46 | +3.6% |
| Trade debts | 44 | €1,804 | €1,941 | +€137 | +7.6% |
| Suppliers | 440/4 | €1,804 | €1,941 | +€137 | +7.6% |
| Taxes, remuneration and social security | 45 | €6,411 | €1,881 | -€4,530 | -70.7% |
| Taxes | 450/3 | €4,661 | €1,881 | -€2,780 | -59.6% |
| Remuneration and social security | 454/9 | €1,750 | - | -€1,750 | |
| Other amounts payable | 47/48 | €8,648 | €5,424 | -€3,224 | -37.3% |
| Accrued charges and deferred income | 492/3 | - | €6 | +€6 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,669 | €6,670 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,056 | €1,097 | +€41 | +3.9% |
| Gross operating margin | 9900 | €1,484 | €8,497 | +€7,013 | +472.6% |
| Operating profit (loss) | 9901 | -€6,241 | €730 | +€6,970 | |
| Financial income | 75/76B | €7 | €0 | -€6 | -98.8% |
| Recurring financial income | 75 | €7 | €0 | -€6 | -98.8% |
| Financial charges | 65/66B | €399 | €411 | +€12 | +3.0% |
| Recurring financial charges | 65 | €399 | €411 | +€12 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,633 | €319 | +€6,952 | |
| Income taxes | 67/77 | €195 | €181 | -€14 | -7.1% |
| Profit (loss) for the period | 9904 | -€6,829 | €137 | +€6,966 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,829 | €137 | +€6,966 |
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 3 October 2026 via checked.be.