ASB SECURITY: 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.
ASB SECURITY
Largest movements
- Receivables within one year +€69,155
up €69,155 (+32.1%), from €215,649 to €284,804
of which Trade receivables: +€73,920
- Tangible fixed assets +€47,372
up €47,372 (+49.0%), from €96,665 to €144,036
of which Furniture and vehicles: +€60,213
- Cash -€30,872
down €30,872 (-31.3%), from €98,718 to €67,847
mainly Investment in fixed assets (net) (-€92,822) and Receivables within one year (-€69,155)
- Profit (loss) carried forward +€106,102
up €106,102 (+40.2%), from €263,919 to €370,021
- Other debts -€40,014
no longer reported in 2025 (was €40,014)
- Tax, wage and social debts +€15,514
up €15,514 (+39.5%), from €39,324 to €54,838
of which Remuneration and social security: +€9,043
- Trade debts +€14,090
up €14,090 (+65.1%), from €21,658 to €35,747
- Current portion of long-term debt -€13,626
down €13,626 (-64.3%), from €21,181 to €7,555
- Gross operating margin +€148,417
up €148,417 (+32.7%), from €453,318 to €601,735
- Staff costs +€90,391
up €90,391 (+29.0%), from €311,832 to €402,222
- Taxes +€17,806
up €17,806 (+73.1%), from €24,366 to €42,171
- Other operating charges +€13,756
up €13,756 (+630.9%), from €2,180 to €15,937
- Write-downs -€11,220
new in 2025: -€11,220
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 | €423,269 | €512,914 | +€89,646 | +21.2% |
| Fixed assets | 21/28 | €96,665 | €144,036 | +€47,372 | +49.0% |
| Tangible fixed assets | 22/27 | €96,665 | €144,036 | +€47,372 | +49.0% |
| Plant, machinery and equipment | 23 | €7,314 | €2,286 | -€5,027 | -68.7% |
| Furniture and vehicles | 24 | €49,913 | €110,125 | +€60,213 | +120.6% |
| Leasing and similar rights | 25 | €26,332 | €21,025 | -€5,307 | -20.2% |
| Other tangible fixed assets | 26 | €13,106 | €10,599 | -€2,507 | -19.1% |
| Current assets | 29/58 | €326,604 | €368,878 | +€42,274 | +12.9% |
| Amounts receivable within one year | 40/41 | €215,649 | €284,804 | +€69,155 | +32.1% |
| Trade receivables | 40 | €195,402 | €269,322 | +€73,920 | +37.8% |
| Other amounts receivable | 41 | €20,246 | €15,482 | -€4,765 | -23.5% |
| Cash at bank and in hand | 54/58 | €98,718 | €67,847 | -€30,872 | -31.3% |
| Deferred charges and accrued income | 490/1 | €12,237 | €16,228 | +€3,991 | +32.6% |
| Total equity and liabilities | 10/49 | €423,269 | €512,914 | +€89,646 | +21.2% |
| Equity | 10/15 | €284,379 | €390,481 | +€106,102 | +37.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €263,919 | €370,021 | +€106,102 | +40.2% |
| Amounts payable | 17/49 | €138,889 | €122,433 | -€16,456 | -11.8% |
| Amounts payable after more than one year | 17 | €7,898 | €13,734 | +€5,836 | +73.9% |
| Financial debts | 170/4 | €7,898 | €13,734 | +€5,836 | +73.9% |
| Amounts payable within one year | 42/48 | €122,177 | €98,141 | -€24,036 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €21,181 | €7,555 | -€13,626 | -64.3% |
| Trade debts | 44 | €21,658 | €35,747 | +€14,090 | +65.1% |
| Suppliers | 440/4 | €21,658 | €35,747 | +€14,090 | +65.1% |
| Taxes, remuneration and social security | 45 | €39,324 | €54,838 | +€15,514 | +39.5% |
| Taxes | 450/3 | €7,040 | €13,511 | +€6,471 | +91.9% |
| Remuneration and social security | 454/9 | €32,284 | €41,327 | +€9,043 | +28.0% |
| Other amounts payable | 47/48 | €40,014 | - | -€40,014 | |
| Accrued charges and deferred income | 492/3 | €8,814 | €10,559 | +€1,744 | +19.8% |
| Remuneration, social security and pensions | 62 | €311,832 | €402,222 | +€90,391 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,975 | €45,450 | -€6,525 | -12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€11,220 | -€11,220 | |
| Other operating charges | 640/8 | €2,180 | €15,937 | +€13,756 | +630.9% |
| Gross operating margin | 9900 | €453,318 | €601,735 | +€148,417 | +32.7% |
| Operating profit (loss) | 9901 | €87,331 | €149,346 | +€62,015 | +71.0% |
| Financial income | 75/76B | €797 | €91 | -€706 | -88.6% |
| Recurring financial income | 75 | €797 | €91 | -€706 | -88.6% |
| Financial charges | 65/66B | €1,052 | €1,163 | +€111 | +10.6% |
| Recurring financial charges | 65 | €1,052 | €1,163 | +€111 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €87,075 | €148,273 | +€61,198 | +70.3% |
| Income taxes | 67/77 | €24,366 | €42,171 | +€17,806 | +73.1% |
| Profit (loss) for the period | 9904 | €62,709 | €106,102 | +€43,393 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,709 | €106,102 | +€43,393 | +69.2% |
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 6 October 2026 via checked.be.