ASBRO: 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.
ASBRO
Largest movements
- Receivables within one year +€25,295
up €25,295 (+13,384%), from €189 to €25,484
of which Trade receivables: +€13,533
- Tangible fixed assets +€3,186
up €3,186 (+274%), from €1,161 to €4,347
- Cash +€2,806
new in 2025: €2,806
mainly Net result for the year (+€21,535) and Tax, wage and social debts (+€11,079)
- Deferred charges and accrued income +€1,319
new in 2025: €1,319
- Reserves +€18,932
new in 2025: €18,932
- Tax, wage and social debts +€11,079
up €11,079 (+569%), from €1,946 to €13,025
of which Taxes: +€7,629
- Profit (loss) carried forward +€2,603
no longer reported in 2025 (was -€2,603)
- Gross operating margin +€34,300
up €34,300, from -€2,354 to €31,946
- Taxes +€5,595
new in 2025: €5,595
- Financial charges +€2,546
up €2,546 (+4,108%), from €62 to €2,607
- Other operating charges +€924
new in 2025: €924
- Depreciation +€530
up €530 (+70.2%), from €755 to €1,284
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 | €1,350 | €33,956 | +€32,607 | +2,416% |
| Fixed assets | 21/28 | €1,161 | €4,347 | +€3,186 | +274% |
| Tangible fixed assets | 22/27 | €1,161 | €4,347 | +€3,186 | +274% |
| Furniture and vehicles | 24 | €1,161 | €4,347 | +€3,186 | +274% |
| Current assets | 29/58 | €189 | €29,610 | +€29,421 | +15,567% |
| Amounts receivable within one year | 40/41 | €189 | €25,484 | +€25,295 | +13,384% |
| Trade receivables | 40 | €189 | €13,722 | +€13,533 | +7,160% |
| Other amounts receivable | 41 | - | €11,763 | +€11,763 | |
| Cash at bank and in hand | 54/58 | - | €2,806 | +€2,806 | |
| Deferred charges and accrued income | 490/1 | - | €1,319 | +€1,319 | |
| Total equity and liabilities | 10/49 | €1,350 | €33,956 | +€32,607 | +2,416% |
| Equity | 10/15 | -€603 | €20,932 | +€21,535 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €18,932 | +€18,932 | |
| Distributable reserves | 133 | - | €18,932 | +€18,932 | |
| Profit (loss) carried forward | 14 | -€2,603 | - | +€2,603 | |
| Amounts payable | 17/49 | €1,953 | €13,025 | +€11,072 | +567% |
| Amounts payable within one year | 42/48 | €1,953 | €13,025 | +€11,072 | +567% |
| Financial debts | 43 | €7 | - | -€7 | |
| Credit institutions | 430/8 | €7 | - | -€7 | |
| Taxes, remuneration and social security | 45 | €1,946 | €13,025 | +€11,079 | +569% |
| Taxes | 450/3 | €1,946 | €9,575 | +€7,629 | +392% |
| Remuneration and social security | 454/9 | - | €3,450 | +€3,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €755 | €1,284 | +€530 | +70.2% |
| Other operating charges | 640/8 | - | €924 | +€924 | |
| Gross operating margin | 9900 | -€2,354 | €31,946 | +€34,300 | |
| Operating profit (loss) | 9901 | -€3,108 | €29,737 | +€32,846 | |
| Financial charges | 65/66B | €62 | €2,607 | +€2,546 | +4,108% |
| Recurring financial charges | 65 | €62 | €2,607 | +€2,546 | +4,108% |
| Profit (loss) for the period before taxes | 9903 | -€3,170 | €27,130 | +€30,300 | |
| Income taxes | 67/77 | - | €5,595 | +€5,595 | |
| Profit (loss) for the period | 9904 | -€3,170 | €21,535 | +€24,705 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,170 | €21,535 | +€24,705 |
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 16 October 2026 via checked.be.