ASBEL: 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.
ASBEL
Largest movements
- Cash +€11,006
up €11,006 (+6.2%), from €177,160 to €188,166
mainly Net result for the year (+€13,414) and Trade debts (+€5,712)
- Receivables within one year +€2,950
up €2,950 (+30.8%), from €9,564 to €12,514
of which Other amounts receivable: +€5,387
- Reserves +€13,414
up €13,414 (+11.9%), from €113,194 to €126,607
of which Distributable reserves: +€13,414
- Tax, wage and social debts -€7,942
down €7,942 (-79.3%), from €10,021 to €2,079
- Trade debts +€5,712
up €5,712 (+3,531%), from €162 to €5,873
- Gross operating margin -€27,514
down €27,514 (-51.0%), from €53,995 to €26,481
- Taxes -€8,063
down €8,063 (-47.9%), from €16,818 to €8,755
- Financial income -€4,533
down €4,533 (-99.3%), from €4,566 to €34
- Staff costs -€963
down €963 (-100%), from €963 to €0
- Other operating charges -€959
down €959 (-57.6%), from €1,665 to €705
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 | €200,613 | €211,778 | +€11,165 | +5.6% |
| Fixed assets | 21/28 | €13,205 | €11,098 | -€2,107 | -16.0% |
| Tangible fixed assets | 22/27 | €12,705 | €10,598 | -€2,107 | -16.6% |
| Furniture and vehicles | 24 | €4,753 | €4,583 | -€171 | -3.6% |
| Other tangible fixed assets | 26 | €7,951 | €6,015 | -€1,936 | -24.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €187,408 | €200,680 | +€13,272 | +7.1% |
| Amounts receivable within one year | 40/41 | €9,564 | €12,514 | +€2,950 | +30.8% |
| Trade receivables | 40 | €9,378 | €6,941 | -€2,437 | -26.0% |
| Other amounts receivable | 41 | €187 | €5,574 | +€5,387 | +2,883% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €177,160 | €188,166 | +€11,006 | +6.2% |
| Deferred charges and accrued income | 490/1 | €684 | €0 | -€684 | -100% |
| Total equity and liabilities | 10/49 | €200,613 | €211,778 | +€11,165 | +5.6% |
| Equity | 10/15 | €190,412 | €203,826 | +€13,414 | +7.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €113,194 | €126,607 | +€13,414 | +11.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €106,996 | €120,410 | +€13,414 | +12.5% |
| Profit (loss) carried forward | 14 | €15,245 | €15,245 | = | 0.0% |
| Amounts payable | 17/49 | €10,201 | €7,952 | -€2,248 | -22.0% |
| Amounts payable within one year | 42/48 | €10,201 | €7,952 | -€2,248 | -22.0% |
| Trade debts | 44 | €162 | €5,873 | +€5,712 | +3,531% |
| Suppliers | 440/4 | €162 | €5,873 | +€5,712 | +3,531% |
| Taxes, remuneration and social security | 45 | €10,021 | €2,079 | -€7,942 | -79.3% |
| Taxes | 450/3 | €10,021 | €2,079 | -€7,942 | -79.3% |
| Other amounts payable | 47/48 | €18 | €0 | -€18 | -100% |
| Remuneration, social security and pensions | 62 | €963 | €0 | -€963 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,243 | €3,098 | -€145 | -4.5% |
| Other operating charges | 640/8 | €1,665 | €705 | -€959 | -57.6% |
| Non-recurring operating charges | 66A | - | €321 | +€321 | |
| Gross operating margin | 9900 | €53,995 | €26,481 | -€27,514 | -51.0% |
| Operating profit (loss) | 9901 | €48,125 | €22,357 | -€25,767 | -53.5% |
| Financial income | 75/76B | €4,566 | €34 | -€4,533 | -99.3% |
| Recurring financial income | 75 | €4,566 | €34 | -€4,533 | -99.3% |
| Financial charges | 65/66B | €224 | €222 | -€2 | -0.7% |
| Recurring financial charges | 65 | €224 | €222 | -€2 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €52,467 | €22,169 | -€30,298 | -57.7% |
| Income taxes | 67/77 | €16,818 | €8,755 | -€8,063 | -47.9% |
| Profit (loss) for the period | 9904 | €35,649 | €13,414 | -€22,235 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,649 | €13,414 | -€22,235 | -62.4% |
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 14 October 2026 via checked.be.