ASES BELGIUM: what changed
ASES BELGIUM
Largest movements
- Cash -€20,842
down €20,842 (-48.5%), from €42,957 to €22,115
mainly Debts after one year (-€14,164) and Other debts (-€7,938)
- Tangible fixed assets -€11,558
down €11,558 (-33.3%), from €34,676 to €23,118
- Receivables within one year +€1,132
up €1,132 (+6.8%), from €16,730 to €17,862
of which Other amounts receivable: +€2,000
- Debts after one year -€14,164
down €14,164 (-92.2%), from €15,367 to €1,203
- Other debts -€7,938
down €7,938 (-65.3%), from €12,154 to €4,216
- Profit (loss) carried forward -€6,646
down €6,646 (-33.8%), from €19,644 to €12,998
- Tax, wage and social debts -€3,518
down €3,518 (-40.5%), from €8,693 to €5,175
- Gross operating margin -€43,812
down €43,812 (-86.6%), from €50,616 to €6,804
- Turnover -€15,711
down €15,711 (-15.8%), from €99,540 to €83,829
- Purchases and services -€9,796
down €9,796 (-10.9%), from €89,521 to €79,725
- Taxes -€5,755
no longer reported in 2025 (was €5,755)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,943 | €64,006 | -€31,937 | -33.3% |
| Fixed assets | 21/28 | €34,676 | €23,118 | -€11,558 | -33.3% |
| Tangible fixed assets | 22/27 | €34,676 | €23,118 | -€11,558 | -33.3% |
| Furniture and vehicles | 24 | €34,676 | €23,118 | -€11,558 | -33.3% |
| Current assets | 29/58 | €61,267 | €40,888 | -€20,379 | -33.3% |
| Amounts receivable within one year | 40/41 | €16,730 | €17,862 | +€1,132 | +6.8% |
| Trade receivables | 40 | €9,286 | €8,418 | -€868 | -9.3% |
| Other amounts receivable | 41 | €7,444 | €9,444 | +€2,000 | +26.9% |
| Cash at bank and in hand | 54/58 | €42,957 | €22,115 | -€20,842 | -48.5% |
| Deferred charges and accrued income | 490/1 | €1,580 | €911 | -€669 | -42.3% |
| Total equity and liabilities | 10/49 | €95,943 | €64,006 | -€31,937 | -33.3% |
| Equity | 10/15 | €45,468 | €38,822 | -€6,646 | -14.6% |
| Contributions | 10/11 | €14,275 | €14,275 | = | 0.0% |
| Reserves | 13 | €11,549 | €11,549 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,549 | €1,549 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,644 | €12,998 | -€6,646 | -33.8% |
| Amounts payable | 17/49 | €50,475 | €25,184 | -€25,291 | -50.1% |
| Amounts payable after more than one year | 17 | €15,367 | €1,203 | -€14,164 | -92.2% |
| Financial debts | 170/4 | €15,367 | €1,203 | -€14,164 | -92.2% |
| Amounts payable within one year | 42/48 | €35,108 | €23,981 | -€11,127 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €13,685 | €14,164 | +€479 | +3.5% |
| Trade debts | 44 | €576 | €426 | -€150 | -26.0% |
| Suppliers | 440/4 | €576 | €426 | -€150 | -26.0% |
| Taxes, remuneration and social security | 45 | €8,693 | €5,175 | -€3,518 | -40.5% |
| Taxes | 450/3 | €8,693 | €5,175 | -€3,518 | -40.5% |
| Other amounts payable | 47/48 | €12,154 | €4,216 | -€7,938 | -65.3% |
| Turnover | 70 | €99,540 | €83,829 | -€15,711 | -15.8% |
| Non-recurring operating income | 76A | €40,597 | €2,700 | -€37,897 | -93.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €89,521 | €79,725 | -€9,796 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,559 | €11,558 | -€1 | 0.0% |
| Other operating charges | 640/8 | €950 | €1,012 | +€62 | +6.5% |
| Gross operating margin | 9900 | €50,616 | €6,804 | -€43,812 | -86.6% |
| Operating profit (loss) | 9901 | €38,107 | -€5,766 | -€43,873 | |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €1,655 | €880 | -€775 | -46.8% |
| Recurring financial charges | 65 | €1,655 | €880 | -€775 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €36,465 | -€6,646 | -€43,111 | |
| Income taxes | 67/77 | €5,755 | - | -€5,755 | |
| Profit (loss) for the period | 9904 | €30,710 | -€6,646 | -€37,356 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,710 | -€6,646 | -€37,356 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.