ASdu International: 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.
ASdu International
Largest movements
- Current investments +€47,752
up €47,752 (+43.4%), from €110,000 to €157,752
- Tangible fixed assets -€36,716
down €36,716 (-4.5%), from €809,403 to €772,686
- Receivables within one year -€11,332
down €11,332 (-92.2%), from €12,285 to €953
of which Other amounts receivable: -€11,663
- Current portion of long-term debt -€45,833
no longer reported in 2025 (was €45,833)
- Profit (loss) carried forward +€42,869
up €42,869 (+97.4%), from €44,007 to €86,876
- Gross operating margin +€8,256
up €8,256 (+7.9%), from €103,912 to €112,168
- Financial income +€3,596
up €3,596 (+176%), from €2,044 to €5,640
- Taxes +€3,305
up €3,305 (+23.2%), from €14,256 to €17,561
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 | €936,028 | €938,095 | +€2,066 | +0.2% |
| Fixed assets | 21/28 | €809,403 | €772,686 | -€36,716 | -4.5% |
| Tangible fixed assets | 22/27 | €809,403 | €772,686 | -€36,716 | -4.5% |
| Land and buildings | 22 | €809,403 | €772,686 | -€36,716 | -4.5% |
| Current assets | 29/58 | €126,626 | €165,408 | +€38,782 | +30.6% |
| Amounts receivable within one year | 40/41 | €12,285 | €953 | -€11,332 | -92.2% |
| Trade receivables | 40 | - | €331 | +€331 | |
| Other amounts receivable | 41 | €12,285 | €622 | -€11,663 | -94.9% |
| Current investments | 50/53 | €110,000 | €157,752 | +€47,752 | +43.4% |
| Cash at bank and in hand | 54/58 | €624 | €3,788 | +€3,164 | +507% |
| Deferred charges and accrued income | 490/1 | €3,717 | €2,915 | -€801 | -21.6% |
| Total equity and liabilities | 10/49 | €936,028 | €938,095 | +€2,066 | +0.2% |
| Equity | 10/15 | €860,290 | €907,731 | +€47,442 | +5.5% |
| Contributions | 10/11 | €812,000 | €812,000 | = | 0.0% |
| Capital | 10 | €812,000 | €812,000 | = | 0.0% |
| Issued capital | 100 | €1,187,000 | €1,187,000 | = | 0.0% |
| Uncalled capital | 101 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €4,283 | €8,855 | +€4,572 | +107% |
| Non-distributable reserves | 130/1 | €4,283 | €8,855 | +€4,572 | +107% |
| Legal reserve | 130 | €4,283 | €8,855 | +€4,572 | +107% |
| Profit (loss) carried forward | 14 | €44,007 | €86,876 | +€42,869 | +97.4% |
| Amounts payable | 17/49 | €75,739 | €30,363 | -€45,375 | -59.9% |
| Amounts payable within one year | 42/48 | €66,904 | €21,582 | -€45,321 | -67.7% |
| Current portion of amounts payable after more than one year | 42 | €45,833 | - | -€45,833 | |
| Trade debts | 44 | €2,941 | €2,057 | -€884 | -30.0% |
| Suppliers | 440/4 | €2,941 | €2,057 | -€884 | -30.0% |
| Taxes, remuneration and social security | 45 | €18,130 | €19,525 | +€1,395 | +7.7% |
| Taxes | 450/3 | €18,130 | €19,525 | +€1,395 | +7.7% |
| Accrued charges and deferred income | 492/3 | €8,835 | €8,781 | -€54 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,964 | €45,159 | +€195 | +0.4% |
| Other operating charges | 640/8 | €6,507 | €6,590 | +€83 | +1.3% |
| Gross operating margin | 9900 | €103,912 | €112,168 | +€8,256 | +7.9% |
| Operating profit (loss) | 9901 | €52,441 | €60,419 | +€7,978 | +15.2% |
| Financial income | 75/76B | €2,044 | €5,640 | +€3,596 | +176% |
| Recurring financial income | 75 | €2,044 | €5,640 | +€3,596 | +176% |
| Financial charges | 65/66B | €1,495 | €1,057 | -€438 | -29.3% |
| Recurring financial charges | 65 | €1,495 | €1,057 | -€438 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €52,991 | €65,002 | +€12,012 | +22.7% |
| Income taxes | 67/77 | €14,256 | €17,561 | +€3,305 | +23.2% |
| Profit (loss) for the period | 9904 | €38,735 | €47,442 | +€8,707 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,735 | €47,442 | +€8,707 | +22.5% |
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 28 October 2026 via checked.be.