ASDECO: 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.
ASDECO
Largest movements
- Receivables within one year -€10,125
down €10,125 (-36.7%), from €27,593 to €17,469
of which Trade receivables: -€6,611
- Cash +€4,691
new in 2025: €4,691
mainly Net result for the year (+€10,525) and Receivables within one year (+€10,125)
- Stocks and contracts -€2,570
no longer reported in 2025 (was €2,570)
- Tangible fixed assets -€849
down €849 (-30.5%), from €2,782 to €1,933
of which Other tangible fixed assets: -€761
- Short-term financial debts -€19,023
no longer reported in 2025 (was €19,023)
- Profit (loss) carried forward +€9,525
up €9,525, from -€8,033 to €1,492
- Trade debts -€2,978
down €2,978 (-68.8%), from €4,327 to €1,349
- Tax, wage and social debts +€2,775
up €2,775 (+1,459%), from €190 to €2,965
- Other debts +€1,000
new in 2025: €1,000
- Gross operating margin +€17,472
up €17,472, from -€3,098 to €14,375
- Depreciation -€1,020
down €1,020 (-54.6%), from €1,868 to €849
- Financial income +€412
up €412 (+74.1%), from €556 to €968
- Financial charges +€172
up €172 (+6.6%), from €2,616 to €2,788
- Other operating charges +€154
up €154 (+15.0%), from €1,026 to €1,180
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 | €34,107 | €25,406 | -€8,701 | -25.5% |
| Fixed assets | 21/28 | €2,782 | €1,933 | -€849 | -30.5% |
| Tangible fixed assets | 22/27 | €2,782 | €1,933 | -€849 | -30.5% |
| Plant, machinery and equipment | 23 | €88 | - | -€88 | |
| Other tangible fixed assets | 26 | €2,694 | €1,933 | -€761 | -28.2% |
| Current assets | 29/58 | €31,326 | €23,473 | -€7,852 | -25.1% |
| Stocks and contracts in progress | 3 | €2,570 | - | -€2,570 | |
| Stocks | 30/36 | €2,570 | - | -€2,570 | |
| Amounts receivable within one year | 40/41 | €27,593 | €17,469 | -€10,125 | -36.7% |
| Trade receivables | 40 | €7,475 | €864 | -€6,611 | -88.4% |
| Other amounts receivable | 41 | €20,118 | €16,605 | -€3,514 | -17.5% |
| Cash at bank and in hand | 54/58 | - | €4,691 | +€4,691 | |
| Deferred charges and accrued income | 490/1 | €1,163 | €1,313 | +€151 | +13.0% |
| Total equity and liabilities | 10/49 | €34,107 | €25,406 | -€8,701 | -25.5% |
| Equity | 10/15 | €10,567 | €20,092 | +€9,525 | +90.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,033 | €1,492 | +€9,525 | |
| Amounts payable | 17/49 | €23,541 | €5,314 | -€18,226 | -77.4% |
| Amounts payable within one year | 42/48 | €23,541 | €5,314 | -€18,226 | -77.4% |
| Financial debts | 43 | €19,023 | - | -€19,023 | |
| Credit institutions | 430/8 | €19,023 | - | -€19,023 | |
| Trade debts | 44 | €4,327 | €1,349 | -€2,978 | -68.8% |
| Suppliers | 440/4 | €4,327 | €1,349 | -€2,978 | -68.8% |
| Taxes, remuneration and social security | 45 | €190 | €2,965 | +€2,775 | +1,459% |
| Taxes | 450/3 | €190 | €2,965 | +€2,775 | +1,459% |
| Other amounts payable | 47/48 | - | €1,000 | +€1,000 | |
| Non-recurring operating income | 76A | - | €16,534 | +€16,534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,868 | €849 | -€1,020 | -54.6% |
| Other operating charges | 640/8 | €1,026 | €1,180 | +€154 | +15.0% |
| Gross operating margin | 9900 | -€3,098 | €14,375 | +€17,472 | |
| Operating profit (loss) | 9901 | -€5,992 | €12,346 | +€18,338 | |
| Financial income | 75/76B | €556 | €968 | +€412 | +74.1% |
| Recurring financial income | 75 | €556 | €968 | +€412 | +74.1% |
| Financial charges | 65/66B | €2,616 | €2,788 | +€172 | +6.6% |
| Recurring financial charges | 65 | €2,616 | €2,788 | +€172 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,053 | €10,525 | +€18,578 | |
| Profit (loss) for the period | 9904 | -€8,053 | €10,525 | +€18,578 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,053 | €10,525 | +€18,578 |
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.