ASBELICO: 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.
ASBELICO
Largest movements
- Tangible fixed assets +€37,314
up €37,314 (+644%), from €5,791 to €43,105
- Cash -€21,767
down €21,767 (-54.5%), from €39,904 to €18,138
mainly Investment in fixed assets (net) (-€41,016) and Receivables within one year (-€10,803)
- Receivables within one year +€10,803
up €10,803 (+119%), from €9,115 to €19,918
of which Other amounts receivable: +€8,520
- Reserves +€25,718
up €25,718 (+61.7%), from €41,712 to €67,430
- Trade debts +€3,815
up €3,815 (+339%), from €1,126 to €4,941
- Tax, wage and social debts -€2,303
down €2,303 (-26.3%), from €8,758 to €6,456
- Other debts -€833
no longer reported in 2025 (was €833)
- Gross operating margin +€5,496
up €5,496 (+17.7%), from €31,044 to €36,540
- Depreciation +€3,551
up €3,551 (+2,339%), from €152 to €3,702
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 | €54,929 | €81,327 | +€26,398 | +48.1% |
| Fixed assets | 21/28 | €5,791 | €43,105 | +€37,314 | +644% |
| Tangible fixed assets | 22/27 | €5,791 | €43,105 | +€37,314 | +644% |
| Other tangible fixed assets | 26 | €5,791 | €43,105 | +€37,314 | +644% |
| Current assets | 29/58 | €49,138 | €38,222 | -€10,916 | -22.2% |
| Amounts receivable within one year | 40/41 | €9,115 | €19,918 | +€10,803 | +119% |
| Trade receivables | 40 | €4,250 | €6,532 | +€2,282 | +53.7% |
| Other amounts receivable | 41 | €4,865 | €13,386 | +€8,520 | +175% |
| Cash at bank and in hand | 54/58 | €39,904 | €18,138 | -€21,767 | -54.5% |
| Deferred charges and accrued income | 490/1 | €119 | €167 | +€48 | +40.2% |
| Total equity and liabilities | 10/49 | €54,929 | €81,327 | +€26,398 | +48.1% |
| Equity | 10/15 | €44,212 | €69,930 | +€25,718 | +58.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €41,712 | €67,430 | +€25,718 | +61.7% |
| Distributable reserves | 133 | €41,712 | €67,430 | +€25,718 | +61.7% |
| Amounts payable | 17/49 | €10,717 | €11,396 | +€679 | +6.3% |
| Amounts payable within one year | 42/48 | €10,717 | €11,396 | +€679 | +6.3% |
| Trade debts | 44 | €1,126 | €4,941 | +€3,815 | +339% |
| Suppliers | 440/4 | €1,126 | €4,941 | +€3,815 | +339% |
| Taxes, remuneration and social security | 45 | €8,758 | €6,456 | -€2,303 | -26.3% |
| Taxes | 450/3 | €8,758 | €6,456 | -€2,303 | -26.3% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152 | €3,702 | +€3,551 | +2,339% |
| Other operating charges | 640/8 | €415 | €128 | -€287 | -69.2% |
| Gross operating margin | 9900 | €31,044 | €36,540 | +€5,496 | +17.7% |
| Operating profit (loss) | 9901 | €30,476 | €32,709 | +€2,233 | +7.3% |
| Financial income | 75/76B | €165 | €53 | -€112 | -67.7% |
| Recurring financial income | 75 | €165 | €53 | -€112 | -67.7% |
| Financial charges | 65/66B | €56 | €71 | +€16 | +28.1% |
| Recurring financial charges | 65 | €56 | €71 | +€16 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €30,586 | €32,691 | +€2,105 | +6.9% |
| Income taxes | 67/77 | €6,684 | €6,973 | +€288 | +4.3% |
| Profit (loss) for the period | 9904 | €23,901 | €25,718 | +€1,817 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,901 | €25,718 | +€1,817 | +7.6% |
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 18 October 2026 via checked.be.