ASBEST-STOP: 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.
ASBEST-STOP
Largest movements
- Receivables within one year -€134,262
down €134,262 (-97.2%), from €138,139 to €3,877
of which Trade receivables: -€86,083
- Tangible fixed assets +€22,566
up €22,566 (+118%), from €19,073 to €41,638
of which Plant, machinery and equipment: +€23,625
- Cash +€2,597
up €2,597 (+6.8%), from €37,981 to €40,578
- Profit (loss) carried forward -€55,265
down €55,265, from €0 to -€55,265
- Other debts -€21,227
down €21,227 (-45.3%), from €46,878 to €25,651
- Trade debts -€11,546
down €11,546 (-82.0%), from €14,089 to €2,543
- Debts after one year -€11,508
no longer reported in 2025 (was €11,508)
- Current portion of long-term debt -€9,736
no longer reported in 2025 (was €9,736)
- Gross operating margin -€33,600
down €33,600 (-49.4%), from €67,999 to €34,399
- Depreciation -€17,337
down €17,337 (-77.5%), from €22,374 to €5,037
- Taxes -€8,426
no longer reported in 2025 (was €8,426)
- Financial charges +€1,555
up €1,555 (+101%), from €1,545 to €3,101
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,978 | €92,828 | -€110,150 | -54.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €20,323 | €42,888 | +€22,566 | +111% |
| Tangible fixed assets | 22/27 | €19,073 | €41,638 | +€22,566 | +118% |
| Plant, machinery and equipment | 23 | €3,387 | €27,012 | +€23,625 | +697% |
| Furniture and vehicles | 24 | €14,685 | €3,722 | -€10,963 | -74.7% |
| Leasing and similar rights | 25 | €1,000 | €750 | -€250 | -25.0% |
| Other tangible fixed assets | 26 | €0 | €10,154 | +€10,154 | |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €182,655 | €49,939 | -€132,716 | -72.7% |
| Amounts receivable within one year | 40/41 | €138,139 | €3,877 | -€134,262 | -97.2% |
| Trade receivables | 40 | €89,782 | €3,699 | -€86,083 | -95.9% |
| Other amounts receivable | 41 | €48,357 | €178 | -€48,179 | -99.6% |
| Cash at bank and in hand | 54/58 | €37,981 | €40,578 | +€2,597 | +6.8% |
| Deferred charges and accrued income | 490/1 | €6,535 | €5,484 | -€1,051 | -16.1% |
| Total equity and liabilities | 10/49 | €202,978 | €92,828 | -€110,150 | -54.3% |
| Equity | 10/15 | €120,767 | €63,634 | -€57,133 | -47.3% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €35,767 | €33,899 | -€1,869 | -5.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €35,767 | €33,899 | -€1,869 | -5.2% |
| Profit (loss) carried forward | 14 | €0 | -€55,265 | -€55,265 | |
| Amounts payable | 17/49 | €82,210 | €29,194 | -€53,017 | -64.5% |
| Amounts payable after more than one year | 17 | €11,508 | - | -€11,508 | |
| Financial debts | 170/4 | €11,508 | - | -€11,508 | |
| Amounts payable within one year | 42/48 | €70,703 | €29,194 | -€41,509 | -58.7% |
| Current portion of amounts payable after more than one year | 42 | €9,736 | - | -€9,736 | |
| Trade debts | 44 | €14,089 | €2,543 | -€11,546 | -82.0% |
| Suppliers | 440/4 | €14,089 | €2,543 | -€11,546 | -82.0% |
| Taxes, remuneration and social security | 45 | - | €1,001 | +€1,001 | |
| Taxes | 450/3 | - | €1,001 | +€1,001 | |
| Other amounts payable | 47/48 | €46,878 | €25,651 | -€21,227 | -45.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,374 | €5,037 | -€17,337 | -77.5% |
| Other operating charges | 640/8 | €7,823 | €7,384 | -€439 | -5.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €67,999 | €34,399 | -€33,600 | -49.4% |
| Operating profit (loss) | 9901 | €37,802 | €21,978 | -€15,824 | -41.9% |
| Financial income | 75/76B | €22 | €17 | -€5 | -23.1% |
| Recurring financial income | 75 | €22 | €17 | -€5 | -23.1% |
| Financial charges | 65/66B | €1,545 | €3,101 | +€1,555 | +101% |
| Recurring financial charges | 65 | €1,545 | €3,101 | +€1,555 | +101% |
| Profit (loss) for the period before taxes | 9903 | €36,278 | €18,894 | -€17,385 | -47.9% |
| Income taxes | 67/77 | €8,426 | - | -€8,426 | |
| Profit (loss) for the period | 9904 | €27,852 | €18,894 | -€8,958 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,852 | €18,894 | -€8,958 | -32.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.