ASELTE: 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.
ASELTE
Largest movements
- Cash -€190,198
down €190,198 (-51.9%), from €366,760 to €176,562
mainly Contributions, distributions and other (-€137,470) and Investment in fixed assets (net) (-€62,549)
- Tangible fixed assets +€37,155
up €37,155 (+13.3%), from €279,274 to €316,429
of which Furniture and vehicles: +€61,048
- Receivables within one year -€7,679
down €7,679 (-32.6%), from €23,558 to €15,879
of which Other amounts receivable: -€8,287
- Reserves -€119,745
down €119,745 (-21.6%), from €553,411 to €433,665
- Trade debts -€20,337
down €20,337 (-92.5%), from €21,998 to €1,660
- Debts after one year -€15,575
down €15,575 (-32.8%), from €47,463 to €31,888
- Gross operating margin +€11,658
up €11,658 (+24.1%), from €48,420 to €60,078
- Financial income -€5,422
no longer reported in 2025 (was €5,422)
- Taxes +€2,073
up €2,073 (+24.9%), from €8,339 to €10,413
- Depreciation +€1,007
up €1,007 (+4.1%), from €24,387 to €25,395
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 | €671,944 | €512,937 | -€159,007 | -23.7% |
| Fixed assets | 21/28 | €279,274 | €316,429 | +€37,155 | +13.3% |
| Tangible fixed assets | 22/27 | €279,274 | €316,429 | +€37,155 | +13.3% |
| Land and buildings | 22 | €215,479 | €208,520 | -€6,960 | -3.2% |
| Plant, machinery and equipment | 23 | €1,108 | €272 | -€835 | -75.4% |
| Furniture and vehicles | 24 | €2,134 | €63,182 | +€61,048 | +2860.1% |
| Leasing and similar rights | 25 | €60,553 | €44,455 | -€16,097 | -26.6% |
| Current assets | 29/58 | €392,670 | €196,508 | -€196,162 | -50.0% |
| Amounts receivable within one year | 40/41 | €23,558 | €15,879 | -€7,679 | -32.6% |
| Trade receivables | 40 | €15,270 | €15,879 | +€609 | +4.0% |
| Other amounts receivable | 41 | €8,287 | - | -€8,287 | |
| Cash at bank and in hand | 54/58 | €366,760 | €176,562 | -€190,198 | -51.9% |
| Deferred charges and accrued income | 490/1 | €2,353 | €4,067 | +€1,714 | +72.9% |
| Total equity and liabilities | 10/49 | €671,944 | €512,937 | -€159,007 | -23.7% |
| Equity | 10/15 | €579,811 | €460,065 | -€119,745 | -20.7% |
| Contributions | 10/11 | €26,400 | €26,400 | = | 0.0% |
| Reserves | 13 | €553,411 | €433,665 | -€119,745 | -21.6% |
| Distributable reserves | 133 | €553,411 | €433,665 | -€119,745 | -21.6% |
| Amounts payable | 17/49 | €92,133 | €52,872 | -€39,262 | -42.6% |
| Amounts payable after more than one year | 17 | €47,463 | €31,888 | -€15,575 | -32.8% |
| Financial debts | 170/4 | €47,463 | €31,888 | -€15,575 | -32.8% |
| Amounts payable within one year | 42/48 | €44,670 | €20,983 | -€23,687 | -53.0% |
| Current portion of amounts payable after more than one year | 42 | €15,014 | €15,575 | +€561 | +3.7% |
| Trade debts | 44 | €21,998 | €1,660 | -€20,337 | -92.5% |
| Suppliers | 440/4 | €21,998 | €1,660 | -€20,337 | -92.5% |
| Taxes, remuneration and social security | 45 | €7,658 | €3,748 | -€3,910 | -51.1% |
| Taxes | 450/3 | €7,658 | €3,748 | -€3,910 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,387 | €25,395 | +€1,007 | +4.1% |
| Other operating charges | 640/8 | €3,842 | €3,685 | -€157 | -4.1% |
| Gross operating margin | 9900 | €48,420 | €60,078 | +€11,658 | +24.1% |
| Operating profit (loss) | 9901 | €20,191 | €30,998 | +€10,807 | +53.5% |
| Financial income | 75/76B | €5,422 | - | -€5,422 | |
| Recurring financial income | 75 | €5,422 | - | -€5,422 | |
| Financial charges | 65/66B | €3,401 | €2,862 | -€539 | -15.9% |
| Recurring financial charges | 65 | €3,401 | €2,862 | -€539 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €22,212 | €28,137 | +€5,925 | +26.7% |
| Income taxes | 67/77 | €8,339 | €10,413 | +€2,073 | +24.9% |
| Profit (loss) for the period | 9904 | €13,873 | €17,724 | +€3,851 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,873 | €17,724 | +€3,851 | +27.8% |
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 4 October 2026 via checked.be.