ASB INVEST: what changed
What changed
ASB INVEST
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€23,274
2024 · €69,433-€92,707
Equity
-€87,483
2024 · -€64,209-€23,274
Cash
€11,643
2024 · €26,308-€14,665
Balance sheet total
€3.4m
2024 · €3.9m-€459,564
Largest movements
Assets
- Receivables within one year -€659,725
down €659,725 (-50.7%), from €1.3m to €642,442
of which Trade receivables: -€591,538
- Stocks and contracts +€193,429
up €193,429 (+10.4%), from €1.9m to €2.1m
Equity and liabilities
- Short-term financial debts -€2.3m
down €2.3m (-86.1%), from €2.6m to €367,000
- Accrued charges and deferred income +€1.8m
up €1.8m (+1,778%), from €100,250 to €1.9m
- Other debts +€93,622
up €93,622 (+27,617%), from €339 to €93,961
- Trade debts -€70,571
down €70,571 (-98.7%), from €71,475 to €904
Income statement
- Gross operating margin -€72,585
down €72,585 (-99.6%), from €72,879 to €294
- Financial charges +€31,924
up €31,924 (+268%), from €11,906 to €43,830
- Financial income +€10,337
up €10,337 (+90.6%), from €11,413 to €21,750
- Other operating charges -€1,465
down €1,465 (-55.0%), from €2,664 to €1,198
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€69,433
Gross operating margin
-€72,585
Other operating charges
+€1,465
Financial income
+€10,337
Financial charges
-€31,924
Result 2025
-€23,274
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.2m
Investment
€0
Financing
-€2.3m
Cash 2024
€26,308
From operations (derived)
+€2.2m
Net result for the year
-€23,274
Depreciation
+€290
Stocks and contracts
-€193,429
Receivables within one year
+€659,725
Deferred charges and accrued income
-€21,688
Trade debts
-€70,571
Tax, wage and social debts
+€20,139
Other debts
+€93,622
Accrued charges and deferred income
+€1.8m
Financing
-€2.3m
Debts after one year
+€15,000
Short-term financial debts
-€2.3m
Cash 2025
€11,643
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,882,643 | €3,423,080 | -€459,564 | -11.8% |
| Formation expenses | 20 | €350 | €60 | -€290 | -83.0% |
| Current assets | 29/58 | €3,882,294 | €3,423,020 | -€459,274 | -11.8% |
| Amounts receivable after more than one year | 29 | €646,497 | €646,497 | = | 0.0% |
| Other amounts receivable | 291 | €646,497 | €646,497 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,857,197 | €2,050,626 | +€193,429 | +10.4% |
| Stocks | 30/36 | €1,857,197 | €2,050,626 | +€193,429 | +10.4% |
| Amounts receivable within one year | 40/41 | €1,302,166 | €642,442 | -€659,725 | -50.7% |
| Trade receivables | 40 | €1,233,980 | €642,442 | -€591,538 | -47.9% |
| Other amounts receivable | 41 | €68,187 | - | -€68,187 | |
| Cash at bank and in hand | 54/58 | €26,308 | €11,643 | -€14,665 | -55.7% |
| Deferred charges and accrued income | 490/1 | €50,125 | €71,813 | +€21,688 | +43.3% |
| Total equity and liabilities | 10/49 | €3,882,643 | €3,423,080 | -€459,564 | -11.8% |
| Equity | 10/15 | -€64,209 | -€87,483 | -€23,274 | -36.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,709 | -€89,983 | -€23,274 | -34.9% |
| Amounts payable | 17/49 | €3,946,852 | €3,510,562 | -€436,290 | -11.1% |
| Amounts payable after more than one year | 17 | €1,130,000 | €1,145,000 | +€15,000 | +1.3% |
| Financial debts | 170/4 | €1,130,000 | €1,145,000 | +€15,000 | +1.3% |
| Amounts payable within one year | 42/48 | €2,716,602 | €483,016 | -€2.2m | -82.2% |
| Financial debts | 43 | €2,643,777 | €367,000 | -€2.3m | -86.1% |
| Credit institutions | 430/8 | €2,643,777 | €367,000 | -€2.3m | -86.1% |
| Trade debts | 44 | €71,475 | €904 | -€70,571 | -98.7% |
| Suppliers | 440/4 | €71,475 | €904 | -€70,571 | -98.7% |
| Taxes, remuneration and social security | 45 | €1,011 | €21,151 | +€20,139 | +1,991% |
| Taxes | 450/3 | €1,011 | €21,151 | +€20,139 | +1,991% |
| Other amounts payable | 47/48 | €339 | €93,961 | +€93,622 | +27,617% |
| Accrued charges and deferred income | 492/3 | €100,250 | €1,882,547 | +€1.8m | +1,778% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290 | €290 | = | 0.0% |
| Other operating charges | 640/8 | €2,664 | €1,198 | -€1,465 | -55.0% |
| Gross operating margin | 9900 | €72,879 | €294 | -€72,585 | -99.6% |
| Operating profit (loss) | 9901 | €69,925 | -€1,195 | -€71,120 | |
| Financial income | 75/76B | €11,413 | €21,750 | +€10,337 | +90.6% |
| Recurring financial income | 75 | €11,413 | €21,750 | +€10,337 | +90.6% |
| Financial charges | 65/66B | €11,906 | €43,830 | +€31,924 | +268% |
| Recurring financial charges | 65 | €11,906 | €43,830 | +€31,924 | +268% |
| Profit (loss) for the period before taxes | 9903 | €69,433 | -€23,274 | -€92,707 | |
| Profit (loss) for the period | 9904 | €69,433 | -€23,274 | -€92,707 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,433 | -€23,274 | -€92,707 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.