Asago: 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.
Asago
Largest movements
- Receivables within one year +€22,744
up €22,744 (+46.2%), from €49,280 to €72,024
of which Trade receivables: +€19,233
- Current investments +€7,392
new in 2025: €7,392
- Cash -€5,038
no longer reported in 2025 (was €5,038)
mainly Net result for the year (-€58,706) and Receivables within one year (-€22,744)
- Tangible fixed assets +€4,702
up €4,702 (+2.6%), from €181,269 to €185,971
of which Furniture and vehicles: +€16,307
- Other debts +€99,004
up €99,004 (+34.6%), from €286,002 to €385,006
- Profit (loss) carried forward -€58,706
down €58,706 (-41.3%), from -€142,070 to -€200,776
- Tax, wage and social debts -€11,666
down €11,666 (-74.3%), from €15,711 to €4,045
- Trade debts -€4,971
down €4,971 (-77.4%), from €6,421 to €1,450
- Current portion of long-term debt +€4,888
up €4,888 (+55.9%), from €8,750 to €13,637
- Gross operating margin -€59,249
down €59,249, from €28,314 to -€30,934
- Depreciation +€3,531
up €3,531 (+25.8%), from €13,707 to €17,239
- Financial charges +€2,610
up €2,610 (+43.5%), from €6,000 to €8,610
- Other operating charges -€1,632
down €1,632 (-55.1%), from €2,963 to €1,331
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 | €251,737 | €281,538 | +€29,801 | +11.8% |
| Fixed assets | 21/28 | €197,419 | €202,121 | +€4,702 | +2.4% |
| Tangible fixed assets | 22/27 | €181,269 | €185,971 | +€4,702 | +2.6% |
| Land and buildings | 22 | €78,524 | €71,861 | -€6,663 | -8.5% |
| Plant, machinery and equipment | 23 | €607 | €1,327 | +€720 | +118.6% |
| Furniture and vehicles | 24 | €1,351 | €17,658 | +€16,307 | +1206.8% |
| Assets under construction and advance payments | 27 | €100,787 | €95,125 | -€5,662 | -5.6% |
| Financial fixed assets | 28 | €16,150 | €16,150 | = | 0.0% |
| Current assets | 29/58 | €54,318 | €79,416 | +€25,098 | +46.2% |
| Amounts receivable within one year | 40/41 | €49,280 | €72,024 | +€22,744 | +46.2% |
| Trade receivables | 40 | €49,280 | €68,513 | +€19,233 | +39.0% |
| Other amounts receivable | 41 | - | €3,511 | +€3,511 | |
| Current investments | 50/53 | - | €7,392 | +€7,392 | |
| Cash at bank and in hand | 54/58 | €5,038 | - | -€5,038 | |
| Total equity and liabilities | 10/49 | €251,737 | €281,538 | +€29,801 | +11.8% |
| Equity | 10/15 | -€137,702 | -€196,408 | -€58,706 | -42.6% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €4,118 | €4,118 | = | 0.0% |
| Distributable reserves | 133 | €4,118 | €4,118 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,070 | -€200,776 | -€58,706 | -41.3% |
| Amounts payable | 17/49 | €389,438 | €477,945 | +€88,507 | +22.7% |
| Amounts payable after more than one year | 17 | €71,350 | €73,806 | +€2,456 | +3.4% |
| Financial debts | 170/4 | €71,350 | €73,806 | +€2,456 | +3.4% |
| Amounts payable within one year | 42/48 | €318,088 | €404,139 | +€86,051 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €8,750 | €13,637 | +€4,888 | +55.9% |
| Financial debts | 43 | €1,204 | - | -€1,204 | |
| Credit institutions | 430/8 | €1,204 | - | -€1,204 | |
| Trade debts | 44 | €6,421 | €1,450 | -€4,971 | -77.4% |
| Suppliers | 440/4 | €6,421 | €1,450 | -€4,971 | -77.4% |
| Taxes, remuneration and social security | 45 | €15,711 | €4,045 | -€11,666 | -74.3% |
| Taxes | 450/3 | €15,711 | €4,045 | -€11,666 | -74.3% |
| Other amounts payable | 47/48 | €286,002 | €385,006 | +€99,004 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,707 | €17,239 | +€3,531 | +25.8% |
| Other operating charges | 640/8 | €2,963 | €1,331 | -€1,632 | -55.1% |
| Gross operating margin | 9900 | €28,314 | -€30,934 | -€59,249 | |
| Operating profit (loss) | 9901 | €11,644 | -€49,504 | -€61,148 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,000 | €8,610 | +€2,610 | +43.5% |
| Recurring financial charges | 65 | €6,000 | €8,610 | +€2,610 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €5,644 | -€58,114 | -€63,758 | |
| Income taxes | 67/77 | €454 | €592 | +€138 | +30.4% |
| Profit (loss) for the period | 9904 | €5,190 | -€58,706 | -€63,896 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,190 | -€58,706 | -€63,896 |
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 12 October 2026 via checked.be.