ASAGAO: 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.
ASAGAO
Largest movements
- Deferred charges and accrued income -€2,001
no longer reported in 2025 (was €2,001)
- Cash -€443
down €443 (-61.5%), from €721 to €278
mainly Net result for the year (-€8,867) and Trade debts (-€3,966)
- Stocks and contracts -€165
down €165 (-33.3%), from €496 to €331
- Receivables within one year -€146
down €146 (-30.4%), from €479 to €333
of which Other amounts receivable: -€424
- Other debts +€10,023
up €10,023 (+14.8%), from €67,839 to €77,861
- Profit (loss) carried forward -€8,867
down €8,867 (-8.8%), from -€101,283 to -€110,150
- Trade debts -€3,966
down €3,966 (-24.1%), from €16,426 to €12,460
- Short-term financial debts +€54
up €54 (+0.7%), from €7,525 to €7,580
of which Other loans: +€7,580
- Gross operating margin +€1,165
up €1,165 (+13.3%), from -€8,786 to -€7,621
- Financial charges +€335
up €335 (+40.4%), from €829 to €1,164
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 | €4,767 | €2,011 | -€2,756 | -57.8% |
| Fixed assets | 21/28 | €1,070 | €1,070 | = | 0.0% |
| Financial fixed assets | 28 | €1,070 | €1,070 | = | 0.0% |
| Current assets | 29/58 | €3,697 | €941 | -€2,756 | -74.5% |
| Stocks and contracts in progress | 3 | €496 | €331 | -€165 | -33.3% |
| Stocks | 30/36 | €496 | €331 | -€165 | -33.3% |
| Amounts receivable within one year | 40/41 | €479 | €333 | -€146 | -30.4% |
| Trade receivables | 40 | - | €279 | +€279 | |
| Other amounts receivable | 41 | €479 | €54 | -€424 | -88.6% |
| Cash at bank and in hand | 54/58 | €721 | €278 | -€443 | -61.5% |
| Deferred charges and accrued income | 490/1 | €2,001 | - | -€2,001 | |
| Total equity and liabilities | 10/49 | €4,767 | €2,011 | -€2,756 | -57.8% |
| Equity | 10/15 | -€87,023 | -€95,890 | -€8,867 | -10.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Share premium | 1100/10 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,283 | -€110,150 | -€8,867 | -8.8% |
| Amounts payable | 17/49 | €91,790 | €97,901 | +€6,111 | +6.7% |
| Amounts payable within one year | 42/48 | €91,790 | €97,901 | +€6,111 | +6.7% |
| Financial debts | 43 | €7,525 | €7,580 | +€54 | +0.7% |
| Credit institutions | 430/8 | €7,525 | - | -€7,525 | |
| Other loans | 439 | - | €7,580 | +€7,580 | |
| Trade debts | 44 | €16,426 | €12,460 | -€3,966 | -24.1% |
| Suppliers | 440/4 | €16,426 | €12,460 | -€3,966 | -24.1% |
| Other amounts payable | 47/48 | €67,839 | €77,861 | +€10,023 | +14.8% |
| Other operating charges | 640/8 | €128 | €82 | -€46 | -36.0% |
| Gross operating margin | 9900 | -€8,786 | -€7,621 | +€1,165 | +13.3% |
| Operating profit (loss) | 9901 | -€8,913 | -€7,703 | +€1,211 | +13.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €829 | €1,164 | +€335 | +40.4% |
| Recurring financial charges | 65 | €829 | €1,164 | +€335 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,742 | -€8,867 | +€876 | +9.0% |
| Profit (loss) for the period | 9904 | -€9,742 | -€8,867 | +€876 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,742 | -€8,867 | +€876 | +9.0% |
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 14 October 2026 via checked.be.