ASDM CONSULTING: 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.
ASDM CONSULTING
Largest movements
- Current investments +€53,677
up €53,677 (+25.4%), from €211,147 to €264,824
- Cash -€21,689
down €21,689 (-16.9%), from €128,460 to €106,771
mainly Current investments (-€53,677) and Receivables within one year (-€14,882)
- Receivables within one year +€14,882
up €14,882 (+23.9%), from €62,295 to €77,177
of which Trade receivables: +€8,405
- Reserves +€44,779
up €44,779 (+12.8%), from €350,643 to €395,422
- Tax, wage and social debts -€6,695
down €6,695 (-29.4%), from €22,758 to €16,063
- Contributions +€6,200
new in 2025: €6,200
- Gross operating margin -€80,039
down €80,039 (-54.4%), from €147,183 to €67,145
- Taxes -€23,225
down €23,225 (-53.4%), from €43,460 to €20,235
- Financial income +€3,588
up €3,588 (+165%), from €2,169 to €5,756
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 | €407,888 | €452,598 | +€44,710 | +11.0% |
| Fixed assets | 21/28 | €2,219 | €1,503 | -€716 | -32.3% |
| Tangible fixed assets | 22/27 | €2,169 | €1,453 | -€716 | -33.0% |
| Furniture and vehicles | 24 | €2,169 | €1,453 | -€716 | -33.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €405,669 | €451,095 | +€45,426 | +11.2% |
| Amounts receivable within one year | 40/41 | €62,295 | €77,177 | +€14,882 | +23.9% |
| Trade receivables | 40 | €55,120 | €63,525 | +€8,405 | +15.2% |
| Other amounts receivable | 41 | €7,175 | €13,652 | +€6,477 | +90.3% |
| Current investments | 50/53 | €211,147 | €264,824 | +€53,677 | +25.4% |
| Cash at bank and in hand | 54/58 | €128,460 | €106,771 | -€21,689 | -16.9% |
| Deferred charges and accrued income | 490/1 | €3,767 | €2,323 | -€1,445 | -38.3% |
| Total equity and liabilities | 10/49 | €407,888 | €452,598 | +€44,710 | +11.0% |
| Equity | 10/15 | €382,332 | €433,311 | +€50,979 | +13.3% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €350,643 | €395,422 | +€44,779 | +12.8% |
| Distributable reserves | 133 | €350,643 | €395,422 | +€44,779 | +12.8% |
| Profit (loss) carried forward | 14 | €31,689 | €31,689 | = | 0.0% |
| Amounts payable | 17/49 | €25,556 | €19,286 | -€6,270 | -24.5% |
| Amounts payable within one year | 42/48 | €25,556 | €19,286 | -€6,270 | -24.5% |
| Trade debts | 44 | €2,798 | €3,223 | +€426 | +15.2% |
| Suppliers | 440/4 | €2,798 | €3,223 | +€426 | +15.2% |
| Taxes, remuneration and social security | 45 | €22,758 | €16,063 | -€6,695 | -29.4% |
| Taxes | 450/3 | €22,758 | €16,063 | -€6,695 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €427 | €716 | +€289 | +67.8% |
| Other operating charges | 640/8 | €724 | €739 | +€14 | +2.0% |
| Gross operating margin | 9900 | €147,183 | €67,145 | -€80,039 | -54.4% |
| Operating profit (loss) | 9901 | €146,032 | €65,690 | -€80,342 | -55.0% |
| Financial income | 75/76B | €2,169 | €5,756 | +€3,588 | +165% |
| Recurring financial income | 75 | €2,169 | €5,756 | +€3,588 | +165% |
| Financial charges | 65/66B | €241 | €231 | -€10 | -4.2% |
| Recurring financial charges | 65 | €241 | €231 | -€10 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €147,959 | €71,215 | -€76,745 | -51.9% |
| Income taxes | 67/77 | €43,460 | €20,235 | -€23,225 | -53.4% |
| Profit (loss) for the period | 9904 | €104,499 | €50,979 | -€53,520 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,499 | €50,979 | -€53,520 | -51.2% |
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 26 October 2026 via checked.be.