ASBEX: 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.
ASBEX
Largest movements
- Cash +€49,258
up €49,258 (+35.1%), from €140,185 to €189,443
mainly Net result for the year (+€55,072) and Trade debts (+€17,027)
- Receivables within one year +€39,393
up €39,393 (+195.1%), from €20,193 to €59,587
of which Trade receivables: +€39,393
- Reserves +€55,000
up €55,000 (+161.8%), from €34,000 to €89,000
- Trade debts +€17,027
up €17,027 (+143.1%), from €11,896 to €28,923
- Tax, wage and social debts +€9,949
up €9,949 (+39.8%), from €25,003 to €34,952
of which Taxes: +€13,300
- Gross operating margin +€31,030
up €31,030 (+54.2%), from €57,287 to €88,317
- Taxes +€9,512
up €9,512 (+66.3%), from €14,336 to €23,848
- Depreciation +€1,149
up €1,149 (+17.2%), from €6,667 to €7,816
- Other operating charges -€984
down €984 (-49.1%), from €2,004 to €1,021
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 | €188,348 | €270,708 | +€82,361 | +43.7% |
| Fixed assets | 21/28 | €23,645 | €19,888 | -€3,758 | -15.9% |
| Intangible fixed assets | 21 | €8,635 | €6,452 | -€2,183 | -25.3% |
| Tangible fixed assets | 22/27 | €14,710 | €13,135 | -€1,575 | -10.7% |
| Plant, machinery and equipment | 23 | €8,291 | €5,740 | -€2,551 | -30.8% |
| Furniture and vehicles | 24 | €6,419 | €7,395 | +€977 | +15.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €164,702 | €250,820 | +€86,118 | +52.3% |
| Amounts receivable within one year | 40/41 | €20,193 | €59,587 | +€39,393 | +195.1% |
| Trade receivables | 40 | €20,193 | €59,587 | +€39,393 | +195.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €140,185 | €189,443 | +€49,258 | +35.1% |
| Deferred charges and accrued income | 490/1 | €4,324 | €1,791 | -€2,533 | -58.6% |
| Total equity and liabilities | 10/49 | €188,348 | €270,708 | +€82,361 | +43.7% |
| Equity | 10/15 | €146,111 | €201,183 | +€55,072 | +37.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €34,000 | €89,000 | +€55,000 | +161.8% |
| Distributable reserves | 133 | €34,000 | €89,000 | +€55,000 | +161.8% |
| Profit (loss) carried forward | 14 | €104,111 | €104,183 | +€72 | +0.1% |
| Amounts payable | 17/49 | €42,237 | €69,526 | +€27,289 | +64.6% |
| Amounts payable within one year | 42/48 | €39,525 | €69,206 | +€29,680 | +75.1% |
| Trade debts | 44 | €11,896 | €28,923 | +€17,027 | +143.1% |
| Suppliers | 440/4 | €11,896 | €28,923 | +€17,027 | +143.1% |
| Advances received on contracts in progress | 46 | - | €2,434 | +€2,434 | |
| Taxes, remuneration and social security | 45 | €25,003 | €34,952 | +€9,949 | +39.8% |
| Taxes | 450/3 | €21,652 | €34,952 | +€13,300 | +61.4% |
| Remuneration and social security | 454/9 | €3,351 | €0 | -€3,351 | -100.0% |
| Other amounts payable | 47/48 | €2,626 | €2,896 | +€270 | +10.3% |
| Accrued charges and deferred income | 492/3 | €2,712 | €320 | -€2,392 | -88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,667 | €7,816 | +€1,149 | +17.2% |
| Other operating charges | 640/8 | €2,004 | €1,021 | -€984 | -49.1% |
| Gross operating margin | 9900 | €57,287 | €88,317 | +€31,030 | +54.2% |
| Operating profit (loss) | 9901 | €48,615 | €79,480 | +€30,865 | +63.5% |
| Financial income | 75/76B | €390 | €448 | +€58 | +14.9% |
| Recurring financial income | 75 | €390 | €448 | +€58 | +14.9% |
| Financial charges | 65/66B | €307 | €1,008 | +€702 | +228.9% |
| Recurring financial charges | 65 | €307 | €1,008 | +€702 | +228.9% |
| Profit (loss) for the period before taxes | 9903 | €48,699 | €78,920 | +€30,221 | +62.1% |
| Income taxes | 67/77 | €14,336 | €23,848 | +€9,512 | +66.3% |
| Profit (loss) for the period | 9904 | €34,362 | €55,072 | +€20,710 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,362 | €55,072 | +€20,710 | +60.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.