ASEM-Solutions: 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-Solutions
Largest movements
- Cash +€292,380
up €292,380 (+99.5%), from €293,958 to €586,338
mainly Other debts (+€445,590) and Trade debts (+€235,849)
- Receivables within one year +€261,370
up €261,370 (+246.4%), from €106,082 to €367,453
of which Trade receivables: +€281,716
- Stocks and contracts -€175,052
down €175,052 (-85.7%), from €204,336 to €29,284
of which Contracts in progress: -€135,497
- Deferred charges and accrued income -€48,586
down €48,586 (-90.8%), from €53,485 to €4,899
- Other debts +€445,590
new in 2025: €445,590
- Reserves -€366,555
down €366,555 (-75.7%), from €483,967 to €117,413
- Trade debts +€235,849
up €235,849 (+298.6%), from €78,978 to €314,827
- Accrued charges and deferred income +€35,826
up €35,826 (+6584.2%), from €544 to €36,370
- Tax, wage and social debts -€12,582
down €12,582 (-18.5%), from €67,933 to €55,351
of which Taxes: -€21,465
- Gross operating margin +€57,641
up €57,641 (+24.9%), from €231,623 to €289,265
- Staff costs -€33,355
down €33,355 (-25.7%), from €129,799 to €96,444
- Taxes -€8,197
down €8,197 (-23.9%), from €34,277 to €26,079
- Financial income +€4,917
up €4,917 (+134.0%), from €3,668 to €8,585
- Financial charges +€3,353
up €3,353 (+82.3%), from €4,071 to €7,424
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 | €665,402 | €991,476 | +€326,074 | +49.0% |
| Fixed assets | 21/28 | €7,541 | €3,502 | -€4,039 | -53.6% |
| Tangible fixed assets | 22/27 | €7,541 | €3,502 | -€4,039 | -53.6% |
| Plant, machinery and equipment | 23 | €3,832 | €0 | -€3,832 | -100.0% |
| Furniture and vehicles | 24 | €3,708 | €3,502 | -€207 | -5.6% |
| Current assets | 29/58 | €657,861 | €987,974 | +€330,113 | +50.2% |
| Stocks and contracts in progress | 3 | €204,336 | €29,284 | -€175,052 | -85.7% |
| Stocks | 30/36 | €68,839 | €29,284 | -€39,555 | -57.5% |
| Contracts in progress | 37 | €135,497 | €0 | -€135,497 | -100.0% |
| Amounts receivable within one year | 40/41 | €106,082 | €367,453 | +€261,370 | +246.4% |
| Trade receivables | 40 | €85,737 | €367,453 | +€281,716 | +328.6% |
| Other amounts receivable | 41 | €20,345 | €0 | -€20,345 | -100.0% |
| Cash at bank and in hand | 54/58 | €293,958 | €586,338 | +€292,380 | +99.5% |
| Deferred charges and accrued income | 490/1 | €53,485 | €4,899 | -€48,586 | -90.8% |
| Total equity and liabilities | 10/49 | €665,402 | €991,476 | +€326,074 | +49.0% |
| Equity | 10/15 | €502,517 | €135,963 | -€366,555 | -72.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €483,967 | €117,413 | -€366,555 | -75.7% |
| Distributable reserves | 133 | €483,967 | €117,413 | -€366,555 | -75.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €162,884 | €855,513 | +€692,629 | +425.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €162,340 | €819,143 | +€656,803 | +404.6% |
| Current portion of amounts payable after more than one year | 42 | €15,429 | €3,375 | -€12,054 | -78.1% |
| Trade debts | 44 | €78,978 | €314,827 | +€235,849 | +298.6% |
| Suppliers | 440/4 | €78,978 | €314,827 | +€235,849 | +298.6% |
| Taxes, remuneration and social security | 45 | €67,933 | €55,351 | -€12,582 | -18.5% |
| Taxes | 450/3 | €57,121 | €35,656 | -€21,465 | -37.6% |
| Remuneration and social security | 454/9 | €10,812 | €19,696 | +€8,883 | +82.2% |
| Other amounts payable | 47/48 | - | €445,590 | +€445,590 | |
| Accrued charges and deferred income | 492/3 | €544 | €36,370 | +€35,826 | +6584.2% |
| Non-recurring operating income | 76A | €1,523 | €0 | -€1,523 | -100.0% |
| Remuneration, social security and pensions | 62 | €129,799 | €96,444 | -€33,355 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,417 | €5,391 | -€3,026 | -36.0% |
| Other operating charges | 640/8 | €2,239 | €1,588 | -€652 | -29.1% |
| Gross operating margin | 9900 | €231,623 | €289,265 | +€57,641 | +24.9% |
| Operating profit (loss) | 9901 | €91,168 | €185,842 | +€94,674 | +103.8% |
| Financial income | 75/76B | €3,668 | €8,585 | +€4,917 | +134.0% |
| Recurring financial income | 75 | €3,668 | €8,585 | +€4,917 | +134.0% |
| Financial charges | 65/66B | €4,071 | €7,424 | +€3,353 | +82.3% |
| Recurring financial charges | 65 | €4,071 | €7,424 | +€3,353 | +82.3% |
| Profit (loss) for the period before taxes | 9903 | €90,765 | €187,004 | +€96,239 | +106.0% |
| Income taxes | 67/77 | €34,277 | €26,079 | -€8,197 | -23.9% |
| Profit (loss) for the period | 9904 | €56,488 | €160,924 | +€104,436 | +184.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,488 | €160,924 | +€104,436 | +184.9% |
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 12 October 2026 via checked.be.