ASDEV Management: 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.
ASDEV Management
Largest movements
- Receivables within one year -€10,582
down €10,582 (-77.1%), from €13,730 to €3,148
of which Trade receivables: -€5,748
- Cash -€8,854
down €8,854 (-5.9%), from €151,011 to €142,157
mainly Contributions, distributions and other (-€52,000) and Other debts (-€29,979)
- Tangible fixed assets +€1,704
up €1,704 (+187.9%), from €907 to €2,610
of which Furniture and vehicles: +€2,009
- Other debts -€29,979
down €29,979 (-26.0%), from €115,228 to €85,248
- Tax, wage and social debts +€8,113
up €8,113 (+405.7%), from €2,000 to €10,113
- Accrued charges and deferred income +€2,891
new in 2025: €2,891
- Gross operating margin +€25,563
up €25,563 (+52.7%), from €48,491 to €74,055
- Taxes +€4,930
up €4,930 (+47.8%), from €10,320 to €15,250
- Financial charges +€2,504
up €2,504 (+147.6%), from €1,696 to €4,201
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 | €165,648 | €147,916 | -€17,732 | -10.7% |
| Fixed assets | 21/28 | €907 | €2,610 | +€1,704 | +187.9% |
| Tangible fixed assets | 22/27 | €907 | €2,610 | +€1,704 | +187.9% |
| Furniture and vehicles | 24 | €451 | €2,460 | +€2,009 | +445.2% |
| Other tangible fixed assets | 26 | €455 | €150 | -€306 | -67.1% |
| Current assets | 29/58 | €164,741 | €145,305 | -€19,436 | -11.8% |
| Amounts receivable within one year | 40/41 | €13,730 | €3,148 | -€10,582 | -77.1% |
| Trade receivables | 40 | €8,896 | €3,148 | -€5,748 | -64.6% |
| Other amounts receivable | 41 | €4,834 | - | -€4,834 | |
| Cash at bank and in hand | 54/58 | €151,011 | €142,157 | -€8,854 | -5.9% |
| Total equity and liabilities | 10/49 | €165,648 | €147,916 | -€17,732 | -10.7% |
| Equity | 10/15 | €48,420 | €48,705 | +€284 | +0.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €45,170 | €45,170 | = | 0.0% |
| Distributable reserves | 133 | €45,170 | €45,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | €250 | €535 | +€284 | +113.7% |
| Amounts payable | 17/49 | €117,228 | €99,211 | -€18,017 | -15.4% |
| Amounts payable within one year | 42/48 | €117,228 | €96,320 | -€20,908 | -17.8% |
| Trade debts | 44 | - | €958 | +€958 | |
| Suppliers | 440/4 | - | €958 | +€958 | |
| Taxes, remuneration and social security | 45 | €2,000 | €10,113 | +€8,113 | +405.7% |
| Taxes | 450/3 | €2,000 | €10,113 | +€8,113 | +405.7% |
| Other amounts payable | 47/48 | €115,228 | €85,248 | -€29,979 | -26.0% |
| Accrued charges and deferred income | 492/3 | - | €2,891 | +€2,891 | |
| Non-recurring operating income | 76A | - | €49 | +€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €601 | €855 | +€254 | +42.3% |
| Other operating charges | 640/8 | €1,430 | €1,465 | +€34 | +2.4% |
| Gross operating margin | 9900 | €48,491 | €74,055 | +€25,563 | +52.7% |
| Operating profit (loss) | 9901 | €46,460 | €71,735 | +€25,275 | +54.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,696 | €4,201 | +€2,504 | +147.6% |
| Recurring financial charges | 65 | €1,696 | €4,201 | +€2,504 | +147.6% |
| Profit (loss) for the period before taxes | 9903 | €44,764 | €67,534 | +€22,770 | +50.9% |
| Income taxes | 67/77 | €10,320 | €15,250 | +€4,930 | +47.8% |
| Profit (loss) for the period | 9904 | €34,444 | €52,284 | +€17,840 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,444 | €52,284 | +€17,840 | +51.8% |
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 8 October 2026 via checked.be.