ASAGEC: 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.
ASAGEC
Largest movements
- Tangible fixed assets -€16,956
down €16,956 (-6.7%), from €252,031 to €235,075
- Profit (loss) carried forward -€8,456
down €8,456 (-44.9%), from €18,831 to €10,375
- Debts after one year -€8,419
down €8,419 (-3.2%), from €263,627 to €255,208
of which Financial debts: -€8,854
- Trade debts +€8,008
up €8,008 (+28.6%), from €28,032 to €36,040
- Gross operating margin -€25,464
down €25,464 (-84.9%), from €30,000 to €4,536
- Other operating charges -€23,305
no longer reported in 2025 (was €23,305)
- Financial charges +€1,755
up €1,755 (+1419.6%), from €124 to €1,879
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 | €471,263 | €454,996 | -€16,267 | -3.5% |
| Fixed assets | 21/28 | €252,031 | €235,075 | -€16,956 | -6.7% |
| Tangible fixed assets | 22/27 | €252,031 | €235,075 | -€16,956 | -6.7% |
| Land and buildings | 22 | €252,031 | €235,075 | -€16,956 | -6.7% |
| Current assets | 29/58 | €219,232 | €219,921 | +€689 | +0.3% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Trade receivables | 290 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,876 | €69,875 | +€2,000 | +2.9% |
| Trade receivables | 40 | €35,700 | €37,700 | +€2,000 | +5.6% |
| Other amounts receivable | 41 | €32,176 | €32,176 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,356 | €45 | -€1,311 | -96.7% |
| Total equity and liabilities | 10/49 | €471,263 | €454,996 | -€16,267 | -3.5% |
| Equity | 10/15 | €153,390 | €140,761 | -€12,628 | -8.2% |
| Contributions | 10/11 | €93,250 | €93,250 | = | 0.0% |
| Reserves | 13 | €41,309 | €37,137 | -€4,172 | -10.1% |
| Tax-exempt reserves | 132 | €41,309 | €37,137 | -€4,172 | -10.1% |
| Profit (loss) carried forward | 14 | €18,831 | €10,375 | -€8,456 | -44.9% |
| Provisions and deferred taxes | 16 | €16,545 | €14,874 | -€1,671 | -10.1% |
| Deferred taxes | 168 | €16,545 | €14,874 | -€1,671 | -10.1% |
| Amounts payable | 17/49 | €301,328 | €299,360 | -€1,968 | -0.7% |
| Amounts payable after more than one year | 17 | €263,627 | €255,208 | -€8,419 | -3.2% |
| Financial debts | 170/4 | €216,055 | €207,201 | -€8,854 | -4.1% |
| Other amounts payable | 178/9 | €47,572 | €48,007 | +€435 | +0.9% |
| Amounts payable within one year | 42/48 | €37,701 | €43,812 | +€6,111 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €9,669 | €7,772 | -€1,897 | -19.6% |
| Trade debts | 44 | €28,032 | €36,040 | +€8,008 | +28.6% |
| Suppliers | 440/4 | €28,032 | €36,040 | +€8,008 | +28.6% |
| Accrued charges and deferred income | 492/3 | - | €340 | +€340 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,956 | €16,956 | +€0 | 0.0% |
| Other operating charges | 640/8 | €23,305 | - | -€23,305 | |
| Gross operating margin | 9900 | €30,000 | €4,536 | -€25,464 | -84.9% |
| Operating profit (loss) | 9901 | -€10,261 | -€12,420 | -€2,159 | -21.0% |
| Financial charges | 65/66B | €124 | €1,879 | +€1,755 | +1419.6% |
| Recurring financial charges | 65 | €124 | €1,879 | +€1,755 | +1419.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,385 | -€14,299 | -€3,915 | -37.7% |
| Transfer from deferred taxes | 780 | €1,671 | €1,671 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€8,714 | -€12,628 | -€3,915 | -44.9% |
| Transfer from tax-exempt reserves | 789 | €4,172 | €4,172 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,541 | -€8,456 | -€3,915 | -86.2% |
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 7 October 2026 via checked.be.