ASB: 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.
What changed
ASB
NACE 46.831, Wholesale of construction materials, general range
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€40,729
2024 · -€536,513+€577,242
Equity
€5.3m
2024 · €5.2m+€83,393
Cash
€363,884
2024 · €662,349-€298,464
Balance sheet total
€11.0m
2024 · €12.2m-€1.2m
Largest movements
Assets
- Receivables within one year -€371,010
down €371,010 (-11.8%), from €3.1m to €2.8m
of which Trade receivables: -€368,334
- Cash -€298,464
down €298,464 (-45.1%), from €662,349 to €363,884
mainly Other debts (-€1.3m) and Investment in fixed assets (net) (-€647,337)
- Stocks and contracts -€268,656
down €268,656 (-7.6%), from €3.5m to €3.3m
- Intangible fixed assets -€144,636
down €144,636 (-32.5%), from €444,833 to €300,198
Equity and liabilities
- Other debts -€1.3m
down €1.3m (-84.7%), from €1.6m to €242,000
- Trade debts +€371,240
up €371,240 (+56.9%), from €652,687 to €1.0m
- Debts after one year -€267,281
down €267,281 (-7.8%), from €3.4m to €3.2m
Income statement
- Turnover -€1.5m
down €1.5m (-6.6%), from €23.3m to €21.7m
- Goods and materials -€1.4m
down €1.4m (-8.2%), from €16.5m to €15.1m
of which Purchases: -€1.1m
- Services and other goods -€678,416
down €678,416 (-19.8%), from €3.4m to €2.7m
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.
Result 2024
-€536,513
Turnover
-€1.5m
Other operating income
+€5,303
Goods and materials
+€1.4m
Services and other goods
+€678,416
Staff costs
+€110,041
Depreciation
-€16,967
Write-downs
-€145,207
Other operating charges
+€13,874
Other operating items
+€124,594
Financial income
-€20,584
Financial charges
+€18,000
Taxes
-€318
Deferred taxes and other
-€53
Result 2025
€40,729
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.
From operations
+€523,852
Investment
-€647,337
Financing
-€174,979
Cash 2024
€662,349
From operations (derived)
+€523,852
Net result for the year
+€40,729
Depreciation
+€908,284
Stocks and contracts
+€268,656
Receivables within one year
+€371,010
Deferred charges and accrued income
-€31,244
Provisions
-€372
Trade debts
+€371,240
Tax, wage and social debts
-€62,782
Other debts
-€1.3m
Accrued charges and deferred income
-€4,669
Investment (derived)
-€647,337
Investment in fixed assets (net)
-€647,337
Financing
-€174,979
Debts after one year
-€267,281
Current portion of long-term debt
+€49,638
Contributions, distributions and other
+€42,664
Cash 2025
€363,884
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,183,806 | €11,015,973 | -€1.2m | -9.6% |
| Fixed assets | 21/28 | €4,807,273 | €4,546,327 | -€260,946 | -5.4% |
| Intangible fixed assets | 21 | €444,833 | €300,198 | -€144,636 | -32.5% |
| Tangible fixed assets | 22/27 | €4,357,409 | €4,241,369 | -€116,040 | -2.7% |
| Land and buildings | 22 | €2,931,590 | €2,811,868 | -€119,722 | -4.1% |
| Plant, machinery and equipment | 23 | €219,941 | €137,721 | -€82,220 | -37.4% |
| Furniture and vehicles | 24 | €1,201,433 | €1,291,696 | +€90,263 | +7.5% |
| Leasing and similar rights | 25 | €4,446 | €84 | -€4,362 | -98.1% |
| Financial fixed assets | 28 | €5,031 | €4,761 | -€270 | -5.4% |
| Companies linked by participating interests | 282/3 | €4,000 | €4,000 | = | 0.0% |
| Participating interests | 282 | €4,000 | €4,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,031 | €761 | -€270 | -26.2% |
| Amounts receivable and cash guarantees | 285/8 | €1,031 | €761 | -€270 | -26.2% |
| Current assets | 29/58 | €7,376,533 | €6,469,646 | -€906,887 | -12.3% |
| Stocks and contracts in progress | 3 | €3,539,167 | €3,270,511 | -€268,656 | -7.6% |
| Stocks | 30/36 | €3,539,167 | €3,270,511 | -€268,656 | -7.6% |
| Goods purchased for resale | 34 | €3,539,167 | €3,270,511 | -€268,656 | -7.6% |
| Amounts receivable within one year | 40/41 | €3,135,622 | €2,764,613 | -€371,010 | -11.8% |
| Trade receivables | 40 | €3,130,446 | €2,762,113 | -€368,334 | -11.8% |
| Other amounts receivable | 41 | €5,176 | €2,500 | -€2,676 | -51.7% |
| Cash at bank and in hand | 54/58 | €662,349 | €363,884 | -€298,464 | -45.1% |
| Deferred charges and accrued income | 490/1 | €39,394 | €70,638 | +€31,244 | +79.3% |
| Total equity and liabilities | 10/49 | €12,183,806 | €11,015,973 | -€1.2m | -9.6% |
| Equity | 10/15 | €5,195,889 | €5,279,282 | +€83,393 | +1.6% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €2,155,877 | €2,154,760 | -€1,117 | -0.1% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €327,957 | €326,840 | -€1,117 | -0.3% |
| Distributable reserves | 133 | €1,815,420 | €1,815,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,902,152 | €2,943,998 | +€41,846 | +1.4% |
| Investment grants | 15 | €12,860 | €55,524 | +€42,664 | +331.8% |
| Provisions and deferred taxes | 16 | €372 | - | -€372 | |
| Deferred taxes | 168 | €372 | - | -€372 | |
| Amounts payable | 17/49 | €6,987,545 | €5,736,691 | -€1.3m | -17.9% |
| Amounts payable after more than one year | 17 | €3,427,493 | €3,160,212 | -€267,281 | -7.8% |
| Financial debts | 170/4 | €3,427,493 | €3,160,212 | -€267,281 | -7.8% |
| Credit institutions | 173 | €2,752,493 | €2,585,212 | -€167,281 | -6.1% |
| Other loans | 174 | €675,000 | €575,000 | -€100,000 | -14.8% |
| Amounts payable within one year | 42/48 | €3,550,053 | €2,571,148 | -€978,904 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €748,946 | €798,584 | +€49,638 | +6.6% |
| Trade debts | 44 | €652,687 | €1,023,927 | +€371,240 | +56.9% |
| Suppliers | 440/4 | €652,687 | €1,023,927 | +€371,240 | +56.9% |
| Taxes, remuneration and social security | 45 | €569,420 | €506,638 | -€62,782 | -11.0% |
| Taxes | 450/3 | €170,973 | €150,758 | -€20,216 | -11.8% |
| Remuneration and social security | 454/9 | €398,446 | €355,880 | -€42,566 | -10.7% |
| Other amounts payable | 47/48 | €1,579,000 | €242,000 | -€1.3m | -84.7% |
| Accrued charges and deferred income | 492/3 | €10,000 | €5,331 | -€4,669 | -46.7% |
| Operating income | 70/76A | €23,371,421 | €21,948,358 | -€1.4m | -6.1% |
| Turnover | 70 | €23,259,391 | €21,716,364 | -€1.5m | -6.6% |
| Other operating income | 74 | €47,251 | €52,554 | +€5,303 | +11.2% |
| Non-recurring operating income | 76A | €64,778 | €179,440 | +€114,662 | +177.0% |
| Operating charges | 60/66A | €23,912,695 | €21,909,436 | -€2.0m | -8.4% |
| Goods for resale, raw materials and consumables | 60 | €16,490,515 | €15,137,344 | -€1.4m | -8.2% |
| Purchases | 600/8 | €15,951,984 | €14,900,466 | -€1.1m | -6.6% |
| Change in stocks: decrease (increase) | 609 | €538,531 | €236,877 | -€301,653 | -56.0% |
| Services and other goods | 61 | €3,420,402 | €2,741,986 | -€678,416 | -19.8% |
| Remuneration, social security and pensions | 62 | €3,090,640 | €2,980,598 | -€110,041 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €891,316 | €908,284 | +€16,967 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€75,479 | €69,728 | +€145,207 | |
| Other operating charges | 640/8 | €85,369 | €71,495 | -€13,874 | -16.3% |
| Non-recurring operating charges | 66A | €9,932 | - | -€9,932 | |
| Operating profit (loss) | 9901 | -€541,275 | €38,922 | +€580,197 | |
| Financial income | 75/76B | €415,734 | €395,150 | -€20,584 | -5.0% |
| Recurring financial income | 75 | €415,734 | €395,150 | -€20,584 | -5.0% |
| Other financial income | 752/9 | €415,734 | €395,150 | -€20,584 | -5.0% |
| Financial charges | 65/66B | €408,576 | €390,576 | -€18,000 | -4.4% |
| Recurring financial charges | 65 | €408,576 | €390,576 | -€18,000 | -4.4% |
| Debt charges | 650 | €132,152 | €140,456 | +€8,304 | +6.3% |
| Other financial charges | 652/9 | €276,424 | €250,120 | -€26,304 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€534,117 | €43,496 | +€577,613 | |
| Transfer from deferred taxes | 780 | €425 | €372 | -€53 | -12.4% |
| Income taxes | 67/77 | €2,821 | €3,139 | +€318 | +11.3% |
| Taxes | 670/3 | €2,821 | €3,139 | +€318 | +11.3% |
| Profit (loss) for the period | 9904 | -€536,513 | €40,729 | +€577,242 | |
| Transfer from tax-exempt reserves | 789 | €1,275 | €1,117 | -€158 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€535,238 | €41,846 | +€577,084 |
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 3 October 2026 via checked.be.