ASALM: 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.
ASALM
Largest movements
- Tangible fixed assets -€36,257
down €36,257 (-99.5%), from €36,424 to €167
of which Land and buildings: -€35,219
- Stocks and contracts +€11,996
up €11,996 (+27.4%), from €43,804 to €55,800
- Current investments -€6,619
down €6,619 (-11.5%), from €57,574 to €50,955
- Cash -€1,688
down €1,688 (-58.2%), from €2,902 to €1,215
- Profit (loss) carried forward -€38,717
down €38,717 (-16.9%), from -€229,719 to -€268,436
- Other debts +€6,332
up €6,332 (+2.0%), from €320,108 to €326,439
- Gross operating margin +€16,693
up €16,693 (+49.2%), from -€33,958 to -€17,265
- Depreciation -€3,453
down €3,453 (-91.0%), from €3,793 to €340
- Financial income +€896
up €896 (+407.2%), from €220 to €1,117
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,736 | €108,380 | -€32,357 | -23.0% |
| Fixed assets | 21/28 | €36,424 | €167 | -€36,257 | -99.5% |
| Tangible fixed assets | 22/27 | €36,424 | €167 | -€36,257 | -99.5% |
| Land and buildings | 22 | €35,219 | - | -€35,219 | |
| Plant, machinery and equipment | 23 | €1,205 | €167 | -€1,038 | -86.1% |
| Current assets | 29/58 | €104,312 | €108,213 | +€3,901 | +3.7% |
| Stocks and contracts in progress | 3 | €43,804 | €55,800 | +€11,996 | +27.4% |
| Stocks | 30/36 | €43,804 | €55,800 | +€11,996 | +27.4% |
| Amounts receivable within one year | 40/41 | €33 | €244 | +€211 | +638.1% |
| Other amounts receivable | 41 | €33 | €244 | +€211 | +638.1% |
| Current investments | 50/53 | €57,574 | €50,955 | -€6,619 | -11.5% |
| Cash at bank and in hand | 54/58 | €2,902 | €1,215 | -€1,688 | -58.2% |
| Total equity and liabilities | 10/49 | €140,736 | €108,380 | -€32,357 | -23.0% |
| Equity | 10/15 | -€179,719 | -€218,436 | -€38,717 | -21.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | - | €50,000 | +€50,000 | |
| Issued capital | 100 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | -€229,719 | -€268,436 | -€38,717 | -16.9% |
| Amounts payable | 17/49 | €320,456 | €326,816 | +€6,360 | +2.0% |
| Amounts payable within one year | 42/48 | €320,456 | €326,516 | +€6,060 | +1.9% |
| Trade debts | 44 | €348 | €77 | -€271 | -77.9% |
| Suppliers | 440/4 | €348 | €77 | -€271 | -77.9% |
| Other amounts payable | 47/48 | €320,108 | €326,439 | +€6,332 | +2.0% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,793 | €340 | -€3,453 | -91.0% |
| Other operating charges | 640/8 | €650 | €480 | -€171 | -26.2% |
| Gross operating margin | 9900 | -€33,958 | -€17,265 | +€16,693 | +49.2% |
| Operating profit (loss) | 9901 | -€38,401 | -€18,084 | +€20,316 | +52.9% |
| Financial income | 75/76B | €220 | €1,117 | +€896 | +407.2% |
| Recurring financial income | 75 | €220 | €1,117 | +€896 | +407.2% |
| Profit (loss) for the period before taxes | 9903 | -€38,181 | -€16,968 | +€21,213 | +55.6% |
| Profit (loss) for the period | 9904 | -€38,181 | -€16,968 | +€21,213 | +55.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,181 | -€16,968 | +€21,213 | +55.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.