ASDAEX: what changed
Two fiscal 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.
What changed
ASDAEX
NACE 62.100, Computer programming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€126,761
2024 · €108,542+€18,218
Equity
€1.3m
2024 · €1.3m+€2,761
Cash
€453,611
2024 · €202,225+€251,386
Balance sheet total
€7.2m
2024 · €7.0m+€224,081
Largest movements
Assets
- Cash +€251,386
up €251,386 (+124.3%), from €202,225 to €453,611
mainly Tax, wage and social debts (+€342,565) and Short-term financial debts (+€295,000)
Equity and liabilities
- Tax, wage and social debts +€342,565
up €342,565 (+54.0%), from €634,890 to €977,455
of which Remuneration and social security: +€182,834
- Short-term financial debts +€295,000
up €295,000 (+43.4%), from €680,000 to €975,000
- Trade debts -€238,618
down €238,618 (-18.3%), from €1.3m to €1.1m
- Accrued charges and deferred income -€133,231
down €133,231 (-11.6%), from €1.1m to €1.0m
- Debts after one year -€133,229
down €133,229 (-8.0%), from €1.7m to €1.5m
Income statement
- Turnover +€11.1m
new in 2025: €11.1m
- Services and other goods +€5.3m
new in 2025: €5.3m
- Gross operating margin -€5.2m
no longer reported in 2025 (was €5.2m)
- Staff costs +€1.2m
up €1.2m (+26.2%), from €4.7m to €5.9m
- Other operating income +€718,955
new in 2025: €718,955
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.
Result 2024
€108,542
Turnover
+€11.1m
Other operating income
+€718,955
Services and other goods
-€5.3m
Staff costs
-€1.2m
Depreciation
-€8,978
Write-downs
+€3,676
Provisions
-€13,232
Other operating charges
-€443
Other operating items
-€5.2m
Financial income
-€40
Financial charges
-€13,281
Taxes
-€15,401
Result 2025
€126,761
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.
From operations
+€280,159
Investment
-€142,145
Financing
+€113,373
Cash 2024
€202,225
From operations (derived)
+€280,159
Net result for the year
+€126,761
Depreciation
+€195,788
Receivables within one year
+€35,990
Deferred charges and accrued income
-€62,328
Provisions
+€13,232
Trade debts
-€238,618
Tax, wage and social debts
+€342,565
Accrued charges and deferred income
-€133,231
Investment (derived)
-€142,145
Investment in fixed assets (net)
-€142,145
Financing
+€113,373
Debts after one year
-€133,229
Current portion of long-term debt
+€75,601
Short-term financial debts
+€295,000
Contributions, distributions and other
-€124,000
Cash 2025
€453,611
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,995,832 | €7,219,914 | +€224,081 | +3.2% |
| Fixed assets | 21/28 | €2,150,303 | €2,096,659 | -€53,643 | -2.5% |
| Tangible fixed assets | 22/27 | €2,147,107 | €2,094,176 | -€52,931 | -2.5% |
| Land and buildings | 22 | €1,485,365 | €1,447,328 | -€38,036 | -2.6% |
| Plant, machinery and equipment | 23 | €127,048 | €123,647 | -€3,401 | -2.7% |
| Furniture and vehicles | 24 | €132,577 | €158,072 | +€25,496 | +19.2% |
| Other tangible fixed assets | 26 | €402,118 | €365,129 | -€36,989 | -9.2% |
| Financial fixed assets | 28 | €3,196 | €2,483 | -€713 | -22.3% |
| Other financial fixed assets | 284/8 | - | €2,483 | +€2,483 | |
| Amounts receivable and cash guarantees | 285/8 | - | €2,483 | +€2,483 | |
| Current assets | 29/58 | €4,845,530 | €5,123,254 | +€277,724 | +5.7% |
| Amounts receivable within one year | 40/41 | €4,609,748 | €4,573,758 | -€35,990 | -0.8% |
| Trade receivables | 40 | €4,573,248 | €4,405,886 | -€167,362 | -3.7% |
| Other amounts receivable | 41 | €36,500 | €167,872 | +€131,372 | +359.9% |
| Cash at bank and in hand | 54/58 | €202,225 | €453,611 | +€251,386 | +124.3% |
| Deferred charges and accrued income | 490/1 | €33,557 | €95,886 | +€62,328 | +185.7% |
| Total equity and liabilities | 10/49 | €6,995,832 | €7,219,914 | +€224,081 | +3.2% |
| Equity | 10/15 | €1,256,363 | €1,259,123 | +€2,761 | +0.2% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Outside capital | 11 | €101,000 | €101,000 | = | 0.0% |
| Share premium | 1100/10 | €101,000 | €101,000 | = | 0.0% |
| Reserves | 13 | €12,400 | €12,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,018,963 | €1,021,723 | +€2,761 | +0.3% |
| Provisions and deferred taxes | 16 | - | €13,232 | +€13,232 | |
| Provisions for liabilities and charges | 160/5 | - | €13,232 | +€13,232 | |
| Pensions and similar obligations | 160 | - | €13,232 | +€13,232 | |
| Amounts payable | 17/49 | €5,739,469 | €5,947,558 | +€208,089 | +3.6% |
| Amounts payable after more than one year | 17 | €1,670,315 | €1,537,087 | -€133,229 | -8.0% |
| Financial debts | 170/4 | €1,670,315 | €1,537,087 | -€133,229 | -8.0% |
| Credit institutions | 173 | - | €1,537,087 | +€1.5m | |
| Amounts payable within one year | 42/48 | €2,923,581 | €3,398,129 | +€474,548 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €183,195 | €258,796 | +€75,601 | +41.3% |
| Financial debts | 43 | €680,000 | €975,000 | +€295,000 | +43.4% |
| Credit institutions | 430/8 | €680,000 | €975,000 | +€295,000 | +43.4% |
| Trade debts | 44 | €1,301,496 | €1,062,878 | -€238,618 | -18.3% |
| Suppliers | 440/4 | €1,301,496 | €1,062,878 | -€238,618 | -18.3% |
| Taxes, remuneration and social security | 45 | €634,890 | €977,455 | +€342,565 | +54.0% |
| Taxes | 450/3 | €175,078 | €334,809 | +€159,731 | +91.2% |
| Remuneration and social security | 454/9 | €459,812 | €642,646 | +€182,834 | +39.8% |
| Other amounts payable | 47/48 | €124,000 | €124,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,145,573 | €1,012,342 | -€133,231 | -11.6% |
| Operating income | 70/76A | - | €11,861,399 | +€11.9m | |
| Turnover | 70 | - | €11,142,444 | +€11.1m | |
| Other operating income | 74 | - | €718,955 | +€718,955 | |
| Operating charges | 60/66A | - | €11,491,739 | +€11.5m | |
| Services and other goods | 61 | - | €5,328,600 | +€5.3m | |
| Remuneration, social security and pensions | 62 | €4,702,404 | €5,933,109 | +€1.2m | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,811 | €195,788 | +€8,978 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,676 | - | -€3,676 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €13,232 | +€13,232 | |
| Other operating charges | 640/8 | €20,567 | €21,010 | +€443 | +2.2% |
| Gross operating margin | 9900 | €5,236,177 | - | -€5.2m | |
| Operating profit (loss) | 9901 | €322,720 | €369,660 | +€46,940 | +14.5% |
| Financial income | 75/76B | €85 | €45 | -€40 | -47.4% |
| Recurring financial income | 75 | €85 | €45 | -€40 | -47.4% |
| Other financial income | 752/9 | - | €45 | +€45 | |
| Financial charges | 65/66B | €100,911 | €114,192 | +€13,281 | +13.2% |
| Recurring financial charges | 65 | €100,911 | €114,192 | +€13,281 | +13.2% |
| Debt charges | 650 | - | €112,263 | +€112,263 | |
| Other financial charges | 652/9 | - | €1,929 | +€1,929 | |
| Profit (loss) for the period before taxes | 9903 | €221,894 | €255,513 | +€33,619 | +15.2% |
| Income taxes | 67/77 | €113,352 | €128,753 | +€15,401 | +13.6% |
| Taxes | 670/3 | - | €129,300 | +€129,300 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €547 | +€547 | |
| Profit (loss) for the period | 9904 | €108,542 | €126,761 | +€18,218 | +16.8% |
| Transfer from tax-exempt reserves | 789 | €210,500 | - | -€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €319,042 | €126,761 | -€192,282 | -60.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.