AserVI: 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.
AserVI
Largest movements
- Receivables within one year +€26,425
up €26,425 (+180%), from €14,721 to €41,146
of which Trade receivables: +€28,753
- Tangible fixed assets -€6,670
down €6,670 (-17.7%), from €37,672 to €31,001
of which Furniture and vehicles: -€4,231
- Intangible fixed assets -€3,500
down €3,500 (-23.2%), from €15,070 to €11,570
- Deferred charges and accrued income +€1,658
up €1,658 (+112%), from €1,476 to €3,134
- Cash -€1,275
down €1,275 (-28.8%), from €4,425 to €3,150
mainly Receivables within one year (-€26,425) and Investment in fixed assets (net) (-€5,150)
- Tax, wage and social debts +€5,359
up €5,359 (+96.5%), from €5,552 to €10,911
of which Taxes: +€5,359
- Profit (loss) carried forward +€4,692
up €4,692 (+14.4%), from -€32,678 to -€27,986
- Other debts +€4,118
up €4,118 (+7.8%), from €52,460 to €56,578
- Trade debts +€2,469
up €2,469 (+559%), from €442 to €2,910
- Gross operating margin +€38,262
up €38,262, from -€17,454 to €20,808
- Depreciation +€1,733
up €1,733 (+12.8%), from €13,588 to €15,321
- Other operating charges -€789
down €789 (-56.1%), from €1,405 to €616
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 | €77,308 | €93,946 | +€16,638 | +21.5% |
| Fixed assets | 21/28 | €56,686 | €46,516 | -€10,170 | -17.9% |
| Intangible fixed assets | 21 | €15,070 | €11,570 | -€3,500 | -23.2% |
| Tangible fixed assets | 22/27 | €37,672 | €31,001 | -€6,670 | -17.7% |
| Plant, machinery and equipment | 23 | €9,687 | €7,247 | -€2,440 | -25.2% |
| Furniture and vehicles | 24 | €27,985 | €23,754 | -€4,231 | -15.1% |
| Financial fixed assets | 28 | €3,945 | €3,945 | = | 0.0% |
| Current assets | 29/58 | €20,622 | €47,430 | +€26,808 | +130% |
| Amounts receivable within one year | 40/41 | €14,721 | €41,146 | +€26,425 | +180% |
| Trade receivables | 40 | €9,525 | €38,278 | +€28,753 | +302% |
| Other amounts receivable | 41 | €5,196 | €2,868 | -€2,328 | -44.8% |
| Cash at bank and in hand | 54/58 | €4,425 | €3,150 | -€1,275 | -28.8% |
| Deferred charges and accrued income | 490/1 | €1,476 | €3,134 | +€1,658 | +112% |
| Total equity and liabilities | 10/49 | €77,308 | €93,946 | +€16,638 | +21.5% |
| Equity | 10/15 | €18,854 | €23,546 | +€4,692 | +24.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,932 | €32,932 | = | 0.0% |
| Distributable reserves | 133 | €32,932 | €32,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,678 | -€27,986 | +€4,692 | +14.4% |
| Amounts payable | 17/49 | €58,454 | €70,399 | +€11,945 | +20.4% |
| Amounts payable within one year | 42/48 | €58,454 | €70,399 | +€11,945 | +20.4% |
| Trade debts | 44 | €442 | €2,910 | +€2,469 | +559% |
| Suppliers | 440/4 | €442 | €2,910 | +€2,469 | +559% |
| Taxes, remuneration and social security | 45 | €5,552 | €10,911 | +€5,359 | +96.5% |
| Taxes | 450/3 | €1,452 | €6,811 | +€5,359 | +369% |
| Remuneration and social security | 454/9 | €4,100 | €4,100 | = | 0.0% |
| Other amounts payable | 47/48 | €52,460 | €56,578 | +€4,118 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,588 | €15,321 | +€1,733 | +12.8% |
| Other operating charges | 640/8 | €1,405 | €616 | -€789 | -56.1% |
| Gross operating margin | 9900 | -€17,454 | €20,808 | +€38,262 | |
| Operating profit (loss) | 9901 | -€32,447 | €4,872 | +€37,318 | |
| Financial charges | 65/66B | €104 | €47 | -€56 | -54.4% |
| Recurring financial charges | 65 | €104 | €47 | -€56 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,550 | €4,824 | +€37,375 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€32,678 | €4,692 | +€37,371 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,678 | €4,692 | +€37,371 |
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 15 October 2026 via checked.be.