ASERVIS: 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.
ASERVIS
Largest movements
- Cash -€52,867
down €52,867 (-59.6%), from €88,639 to €35,772
mainly Current portion of long-term debt (-€79,223) and Trade debts (-€60,414)
- Stocks and contracts -€49,744
down €49,744 (-42.0%), from €118,315 to €68,571
- Receivables within one year -€47,003
down €47,003 (-58.7%), from €80,019 to €33,016
of which Trade receivables: -€33,200
- Tangible fixed assets -€44,190
down €44,190 (-79.5%), from €55,582 to €11,392
of which Furniture and vehicles: -€42,506
- Deferred charges and accrued income +€5,034
up €5,034 (+92.6%), from €5,439 to €10,473
- Current portion of long-term debt -€79,223
down €79,223 (-46.8%), from €169,445 to €90,222
- Trade debts -€60,414
down €60,414 (-92.6%), from €65,272 to €4,858
- Profit (loss) carried forward -€53,604
down €53,604 (-63.0%), from €85,083 to €31,479
- Short-term financial debts +€25,000
new in 2024: €25,000
- Debts after one year -€24,971
no longer reported in 2024 (was €24,971)
- Gross operating margin -€153,929
down €153,929 (-61.2%), from €251,411 to €97,482
- Staff costs -€56,442
down €56,442 (-34.2%), from €165,142 to €108,700
- Taxes -€11,654
down €11,654 (-96.6%), from €12,066 to €413
- Other operating charges +€9,096
up €9,096 (+979.8%), from €928 to €10,024
- Financial charges -€3,956
down €3,956 (-32.6%), from €12,145 to €8,189
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.
Cash bridge derived
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 | €349,772 | €159,251 | -€190,520 | -54.5% |
| Formation expenses | 20 | €278 | €27 | -€251 | -90.3% |
| Fixed assets | 21/28 | €55,582 | €11,392 | -€44,190 | -79.5% |
| Tangible fixed assets | 22/27 | €55,582 | €11,392 | -€44,190 | -79.5% |
| Plant, machinery and equipment | 23 | - | €5,279 | +€5,279 | |
| Furniture and vehicles | 24 | €46,601 | €4,095 | -€42,506 | -91.2% |
| Other tangible fixed assets | 26 | €8,981 | €2,018 | -€6,963 | -77.5% |
| Current assets | 29/58 | €293,912 | €147,832 | -€146,080 | -49.7% |
| Amounts receivable after more than one year | 29 | €1,500 | - | -€1,500 | |
| Trade receivables | 290 | €1,500 | - | -€1,500 | |
| Stocks and contracts in progress | 3 | €118,315 | €68,571 | -€49,744 | -42.0% |
| Stocks | 30/36 | €118,315 | €68,571 | -€49,744 | -42.0% |
| Amounts receivable within one year | 40/41 | €80,019 | €33,016 | -€47,003 | -58.7% |
| Trade receivables | 40 | €48,060 | €14,860 | -€33,200 | -69.1% |
| Other amounts receivable | 41 | €31,958 | €18,155 | -€13,803 | -43.2% |
| Cash at bank and in hand | 54/58 | €88,639 | €35,772 | -€52,867 | -59.6% |
| Deferred charges and accrued income | 490/1 | €5,439 | €10,473 | +€5,034 | +92.6% |
| Total equity and liabilities | 10/49 | €349,772 | €159,251 | -€190,520 | -54.5% |
| Equity | 10/15 | €90,083 | €36,479 | -€53,604 | -59.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,083 | €31,479 | -€53,604 | -63.0% |
| Amounts payable | 17/49 | €259,689 | €122,773 | -€136,916 | -52.7% |
| Amounts payable after more than one year | 17 | €24,971 | - | -€24,971 | |
| Financial debts | 170/4 | €24,971 | - | -€24,971 | |
| Amounts payable within one year | 42/48 | €234,718 | €122,773 | -€111,945 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €169,445 | €90,222 | -€79,223 | -46.8% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €65,272 | €4,858 | -€60,414 | -92.6% |
| Suppliers | 440/4 | €65,272 | €4,858 | -€60,414 | -92.6% |
| Taxes, remuneration and social security | 45 | €1 | €2,693 | +€2,692 | +246967.0% |
| Taxes | 450/3 | - | €413 | +€413 | |
| Remuneration and social security | 454/9 | €1 | €2,280 | +€2,279 | +209110.1% |
| Remuneration, social security and pensions | 62 | €165,142 | €108,700 | -€56,442 | -34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,983 | €24,048 | -€3,935 | -14.1% |
| Other operating charges | 640/8 | €928 | €10,024 | +€9,096 | +979.8% |
| Gross operating margin | 9900 | €251,411 | €97,482 | -€153,929 | -61.2% |
| Operating profit (loss) | 9901 | €57,357 | -€45,290 | -€102,647 | |
| Financial income | 75/76B | €2,237 | €287 | -€1,950 | -87.2% |
| Recurring financial income | 75 | €2,237 | €287 | -€1,950 | -87.2% |
| Financial charges | 65/66B | €12,145 | €8,189 | -€3,956 | -32.6% |
| Recurring financial charges | 65 | €12,145 | €8,189 | -€3,956 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €47,449 | -€53,192 | -€100,641 | |
| Income taxes | 67/77 | €12,066 | €413 | -€11,654 | -96.6% |
| Profit (loss) for the period | 9904 | €35,383 | -€53,604 | -€88,987 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,383 | -€53,604 | -€88,987 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.