ASEM: 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.
ASEM
Largest movements
- Cash -€46,746
down €46,746 (-34.3%), from €136,144 to €89,398
mainly Net result for the year (-€37,288) and Other debts (-€8,214)
- Tangible fixed assets +€5,869
up €5,869 (+686%), from €856 to €6,725
of which Furniture and vehicles: +€6,109
- Receivables within one year -€3,076
down €3,076 (-22.2%), from €13,837 to €10,761
of which Trade receivables: -€13,705
- Profit (loss) carried forward -€37,288
new in 2024: -€37,288
- Other debts -€8,214
down €8,214 (-39.7%), from €20,693 to €12,479
- Tax, wage and social debts +€1,824
up €1,824 (+19.9%), from €9,148 to €10,971
of which Remuneration and social security: +€9,750
- Gross operating margin -€71,189
down €71,189, from €34,604 to -€36,585
- Taxes -€5,192
down €5,192 (-97.3%), from €5,338 to €146
- Financial income +€682
up €682 (+175%), from €390 to €1,072
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,837 | €106,884 | -€43,953 | -29.1% |
| Fixed assets | 21/28 | €856 | €6,725 | +€5,869 | +686% |
| Tangible fixed assets | 22/27 | €856 | €6,725 | +€5,869 | +686% |
| Furniture and vehicles | 24 | - | €6,109 | +€6,109 | |
| Other tangible fixed assets | 26 | €856 | €616 | -€240 | -28.0% |
| Current assets | 29/58 | €149,981 | €100,160 | -€49,822 | -33.2% |
| Amounts receivable within one year | 40/41 | €13,837 | €10,761 | -€3,076 | -22.2% |
| Trade receivables | 40 | €13,705 | - | -€13,705 | |
| Other amounts receivable | 41 | €132 | €10,761 | +€10,629 | +8,049% |
| Cash at bank and in hand | 54/58 | €136,144 | €89,398 | -€46,746 | -34.3% |
| Total equity and liabilities | 10/49 | €150,837 | €106,884 | -€43,953 | -29.1% |
| Equity | 10/15 | €117,153 | €79,865 | -€37,288 | -31.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €110,953 | €110,953 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,700 | €8,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,700 | €8,700 | = | 0.0% |
| Distributable reserves | 133 | €102,253 | €102,253 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€37,288 | -€37,288 | |
| Amounts payable | 17/49 | €33,684 | €27,019 | -€6,665 | -19.8% |
| Amounts payable within one year | 42/48 | €33,684 | €27,019 | -€6,665 | -19.8% |
| Trade debts | 44 | €3,843 | €3,569 | -€274 | -7.1% |
| Suppliers | 440/4 | €3,843 | €3,569 | -€274 | -7.1% |
| Taxes, remuneration and social security | 45 | €9,148 | €10,971 | +€1,824 | +19.9% |
| Taxes | 450/3 | €9,148 | €1,221 | -€7,926 | -86.6% |
| Remuneration and social security | 454/9 | - | €9,750 | +€9,750 | |
| Other amounts payable | 47/48 | €20,693 | €12,479 | -€8,214 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €901 | €795 | -€106 | -11.7% |
| Other operating charges | 640/8 | €709 | €679 | -€30 | -4.2% |
| Gross operating margin | 9900 | €34,604 | -€36,585 | -€71,189 | |
| Operating profit (loss) | 9901 | €32,994 | -€38,060 | -€71,054 | |
| Financial income | 75/76B | €390 | €1,072 | +€682 | +175% |
| Recurring financial income | 75 | €390 | €1,072 | +€682 | +175% |
| Financial charges | 65/66B | €215 | €154 | -€61 | -28.2% |
| Recurring financial charges | 65 | €215 | €154 | -€61 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €33,169 | -€37,142 | -€70,311 | |
| Income taxes | 67/77 | €5,338 | €146 | -€5,192 | -97.3% |
| Profit (loss) for the period | 9904 | €27,831 | -€37,288 | -€65,119 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,831 | -€37,288 | -€65,119 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.