ASEC TEAM: 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.
ASEC TEAM
Largest movements
- Tangible fixed assets -€24,938
down €24,938 (-31.0%), from €80,374 to €55,437
of which Furniture and vehicles: -€22,007
- Receivables within one year +€7,662
up €7,662 (+161.5%), from €4,744 to €12,405
of which Trade receivables: +€9,003
- Cash -€5,329
down €5,329 (-23.1%), from €23,020 to €17,691
mainly Trade debts (-€10,530) and Receivables within one year (-€7,662)
- Trade debts -€10,530
down €10,530 (-94.8%), from €11,106 to €575
- Profit (loss) carried forward -€5,310
down €5,310, from €187 to -€5,123
- Accrued charges and deferred income -€3,423
down €3,423 (-69.5%), from €4,923 to €1,500
- Other debts -€3,283
down €3,283 (-4.5%), from €72,896 to €69,613
- Gross operating margin -€27,912
down €27,912 (-61.6%), from €45,332 to €17,419
- Financial income +€3,504
up €3,504 (+7007640.0%), from €0 to €3,504
- Depreciation -€2,423
down €2,423 (-8.9%), from €27,360 to €24,938
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 | €109,661 | €86,688 | -€22,973 | -20.9% |
| Fixed assets | 21/28 | €80,574 | €55,637 | -€24,938 | -30.9% |
| Tangible fixed assets | 22/27 | €80,374 | €55,437 | -€24,938 | -31.0% |
| Plant, machinery and equipment | 23 | €3,244 | €313 | -€2,931 | -90.3% |
| Furniture and vehicles | 24 | €77,130 | €55,123 | -€22,007 | -28.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €29,087 | €31,051 | +€1,964 | +6.8% |
| Amounts receivable within one year | 40/41 | €4,744 | €12,405 | +€7,662 | +161.5% |
| Trade receivables | 40 | €3,170 | €12,172 | +€9,003 | +284.0% |
| Other amounts receivable | 41 | €1,574 | €233 | -€1,341 | -85.2% |
| Cash at bank and in hand | 54/58 | €23,020 | €17,691 | -€5,329 | -23.1% |
| Deferred charges and accrued income | 490/1 | €1,323 | €955 | -€368 | -27.8% |
| Total equity and liabilities | 10/49 | €109,661 | €86,688 | -€22,973 | -20.9% |
| Equity | 10/15 | €20,018 | €14,709 | -€5,310 | -26.5% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187 | -€5,123 | -€5,310 | |
| Amounts payable | 17/49 | €89,643 | €71,979 | -€17,664 | -19.7% |
| Amounts payable within one year | 42/48 | €84,720 | €70,479 | -€14,241 | -16.8% |
| Trade debts | 44 | €11,106 | €575 | -€10,530 | -94.8% |
| Suppliers | 440/4 | €11,106 | €575 | -€10,530 | -94.8% |
| Taxes, remuneration and social security | 45 | €717 | €290 | -€427 | -59.6% |
| Taxes | 450/3 | €717 | €290 | -€427 | -59.6% |
| Other amounts payable | 47/48 | €72,896 | €69,613 | -€3,283 | -4.5% |
| Accrued charges and deferred income | 492/3 | €4,923 | €1,500 | -€3,423 | -69.5% |
| Non-recurring operating income | 76A | €14,807 | - | -€14,807 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,360 | €24,938 | -€2,423 | -8.9% |
| Other operating charges | 640/8 | €1,164 | €970 | -€194 | -16.6% |
| Gross operating margin | 9900 | €45,332 | €17,419 | -€27,912 | -61.6% |
| Operating profit (loss) | 9901 | €16,808 | -€8,489 | -€25,296 | |
| Financial income | 75/76B | €0 | €3,504 | +€3,504 | +7007640.0% |
| Recurring financial income | 75 | €0 | €3,504 | +€3,504 | +7007640.0% |
| Financial charges | 65/66B | €79 | €13 | -€66 | -83.9% |
| Recurring financial charges | 65 | €79 | €13 | -€66 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | €16,729 | -€4,997 | -€21,726 | |
| Income taxes | 67/77 | €717 | €312 | -€405 | -56.5% |
| Profit (loss) for the period | 9904 | €16,011 | -€5,310 | -€21,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,011 | -€5,310 | -€21,321 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.