ASAF BELGIUM: what changed
ASAF BELGIUM
Largest movements
- Stocks and contracts -€20,576
no longer reported in 2024 (was €20,576)
- Receivables within one year -€6,372
down €6,372 (-50.4%), from €12,645 to €6,272
of which Trade receivables: -€5,000
- Cash -€4,974
down €4,974 (-88.6%), from €5,617 to €643
mainly Net result for the year (-€35,559) and Trade debts (-€6,921)
- Profit (loss) carried forward -€35,559
down €35,559 (-201%), from -€17,650 to -€53,210
- Other debts +€11,508
up €11,508 (+42.7%), from €26,958 to €38,465
- Trade debts -€6,921
down €6,921 (-34.7%), from €19,935 to €13,014
- Tax, wage and social debts -€1,148
no longer reported in 2024 (was €1,148)
- Gross operating margin -€37,182
down €37,182, from €2,408 to -€34,774
- Other operating charges +€400
new in 2024: €400
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,252 | €7,131 | -€32,120 | -81.8% |
| Fixed assets | 21/28 | €414 | €216 | -€198 | -47.8% |
| Tangible fixed assets | 22/27 | €414 | €216 | -€198 | -47.8% |
| Plant, machinery and equipment | 23 | €414 | €216 | -€198 | -47.8% |
| Current assets | 29/58 | €38,838 | €6,915 | -€31,922 | -82.2% |
| Stocks and contracts in progress | 3 | €20,576 | - | -€20,576 | |
| Stocks | 30/36 | €20,576 | - | -€20,576 | |
| Amounts receivable within one year | 40/41 | €12,645 | €6,272 | -€6,372 | -50.4% |
| Trade receivables | 40 | €5,000 | - | -€5,000 | |
| Other amounts receivable | 41 | €7,645 | €6,272 | -€1,372 | -18.0% |
| Cash at bank and in hand | 54/58 | €5,617 | €643 | -€4,974 | -88.6% |
| Total equity and liabilities | 10/49 | €39,252 | €7,131 | -€32,120 | -81.8% |
| Equity | 10/15 | -€8,789 | -€44,348 | -€35,559 | -405% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,662 | €2,662 | = | 0.0% |
| Non-distributable reserves | 130/1 | €162 | €162 | = | 0.0% |
| Reserves not available under the articles | 1311 | €162 | €162 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,650 | -€53,210 | -€35,559 | -201% |
| Amounts payable | 17/49 | €48,040 | €51,479 | +€3,439 | +7.2% |
| Amounts payable within one year | 42/48 | €48,040 | €51,479 | +€3,439 | +7.2% |
| Trade debts | 44 | €19,935 | €13,014 | -€6,921 | -34.7% |
| Suppliers | 440/4 | €19,935 | €13,014 | -€6,921 | -34.7% |
| Taxes, remuneration and social security | 45 | €1,148 | - | -€1,148 | |
| Taxes | 450/3 | €1,148 | - | -€1,148 | |
| Other amounts payable | 47/48 | €26,958 | €38,465 | +€11,508 | +42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198 | €198 | = | 0.0% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €2,408 | -€34,774 | -€37,182 | |
| Operating profit (loss) | 9901 | €2,210 | -€35,372 | -€37,582 | |
| Financial charges | 65/66B | €252 | €188 | -€64 | -25.4% |
| Recurring financial charges | 65 | €252 | €188 | -€64 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €1,958 | -€35,559 | -€37,518 | |
| Profit (loss) for the period | 9904 | €1,958 | -€35,559 | -€37,518 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,958 | -€35,559 | -€37,518 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.