ASAJAG: 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.
ASAJAG
Largest movements
- Current investments +€115,000
up €115,000 (+65.7%), from €175,000 to €290,000
- Cash +€57,002
up €57,002 (+44.4%), from €128,493 to €185,496
mainly Net result for the year (+€80,515) and Other debts (+€47,993)
- Receivables within one year -€25,253
down €25,253 (-49.4%), from €51,149 to €25,896
of which Trade receivables: -€24,171
- Reserves +€80,000
up €80,000 (+25.7%), from €311,860 to €391,860
- Other debts +€47,993
up €47,993 (+885%), from €5,424 to €53,417
- Tax, wage and social debts +€23,895
up €23,895 (+58.7%), from €40,673 to €64,568
of which Taxes: +€21,895
- Gross operating margin +€13,432
up €13,432 (+13.1%), from €102,817 to €116,249
- Taxes +€3,990
up €3,990 (+14.3%), from €27,911 to €31,901
- Financial income +€3,646
up €3,646 (+93.1%), from €3,917 to €7,562
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 | €368,580 | €519,109 | +€150,529 | +40.8% |
| Fixed assets | 21/28 | €12,439 | €16,291 | +€3,852 | +31.0% |
| Tangible fixed assets | 22/27 | €12,439 | €16,291 | +€3,852 | +31.0% |
| Plant, machinery and equipment | 23 | €1,098 | €1,771 | +€673 | +61.3% |
| Furniture and vehicles | 24 | €11,341 | €14,520 | +€3,179 | +28.0% |
| Current assets | 29/58 | €356,141 | €502,818 | +€146,677 | +41.2% |
| Amounts receivable within one year | 40/41 | €51,149 | €25,896 | -€25,253 | -49.4% |
| Trade receivables | 40 | €45,757 | €21,586 | -€24,171 | -52.8% |
| Other amounts receivable | 41 | €5,392 | €4,310 | -€1,082 | -20.1% |
| Current investments | 50/53 | €175,000 | €290,000 | +€115,000 | +65.7% |
| Cash at bank and in hand | 54/58 | €128,493 | €185,496 | +€57,002 | +44.4% |
| Deferred charges and accrued income | 490/1 | €1,499 | €1,426 | -€73 | -4.8% |
| Total equity and liabilities | 10/49 | €368,580 | €519,109 | +€150,529 | +40.8% |
| Equity | 10/15 | €319,406 | €399,921 | +€80,515 | +25.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €311,860 | €391,860 | +€80,000 | +25.7% |
| Distributable reserves | 133 | €311,860 | €391,860 | +€80,000 | +25.7% |
| Profit (loss) carried forward | 14 | €1,346 | €1,861 | +€515 | +38.3% |
| Amounts payable | 17/49 | €49,175 | €119,188 | +€70,013 | +142% |
| Amounts payable within one year | 42/48 | €49,175 | €119,188 | +€70,013 | +142% |
| Financial debts | 43 | €341 | €1,019 | +€678 | +199% |
| Credit institutions | 430/8 | €341 | €1,019 | +€678 | +199% |
| Trade debts | 44 | €2,736 | €183 | -€2,553 | -93.3% |
| Suppliers | 440/4 | €2,736 | €183 | -€2,553 | -93.3% |
| Taxes, remuneration and social security | 45 | €40,673 | €64,568 | +€23,895 | +58.7% |
| Taxes | 450/3 | €40,673 | €62,568 | +€21,895 | +53.8% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €5,424 | €53,417 | +€47,993 | +885% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,648 | €9,280 | -€368 | -3.8% |
| Other operating charges | 640/8 | €1,138 | €1,131 | -€7 | -0.6% |
| Gross operating margin | 9900 | €102,817 | €116,249 | +€13,432 | +13.1% |
| Operating profit (loss) | 9901 | €92,031 | €105,838 | +€13,807 | +15.0% |
| Financial income | 75/76B | €3,917 | €7,562 | +€3,646 | +93.1% |
| Recurring financial income | 75 | €3,917 | €7,562 | +€3,646 | +93.1% |
| Financial charges | 65/66B | €174 | €984 | +€810 | +467% |
| Recurring financial charges | 65 | €174 | €984 | +€810 | +467% |
| Profit (loss) for the period before taxes | 9903 | €95,774 | €112,417 | +€16,643 | +17.4% |
| Income taxes | 67/77 | €27,911 | €31,901 | +€3,990 | +14.3% |
| Profit (loss) for the period | 9904 | €67,863 | €80,515 | +€12,653 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,863 | €80,515 | +€12,653 | +18.6% |
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 16 October 2026 via checked.be.