ASEYORI: 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.
ASEYORI
Largest movements
- Cash +€173,530
new in 2025: €173,530
mainly Debts after one year (+€280,414) and Net result for the year (+€162,450)
- Stocks and contracts -€82,970
down €82,970 (-8.3%), from €1.0m to €919,776
- Receivables within one year +€79,994
up €79,994 (+60.5%), from €132,272 to €212,267
of which Trade receivables: +€103,795
- Debts after one year +€280,414
up €280,414 (+889%), from €31,540 to €311,954
- Profit (loss) carried forward +€162,450
up €162,450 (+47.1%), from €344,550 to €507,000
- Trade debts -€108,643
down €108,643 (-50.3%), from €215,891 to €107,248
- Short-term financial debts -€108,626
down €108,626 (-38.3%), from €283,434 to €174,808
- Other debts -€29,054
down €29,054 (-29.0%), from €100,091 to €71,037
- Gross operating margin +€116,525
up €116,525 (+76.8%), from €151,821 to €268,346
- Write-downs +€43,000
new in 2025: €43,000
- Provisions -€8,406
no longer reported in 2025 (was €8,406)
- Taxes -€6,294
down €6,294 (-16.8%), from €37,359 to €31,064
- Financial charges +€4,166
up €4,166 (+21.3%), from €19,531 to €23,697
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 | €1,206,120 | €1,370,631 | +€164,511 | +13.6% |
| Fixed assets | 21/28 | €31,102 | €23,432 | -€7,670 | -24.7% |
| Tangible fixed assets | 22/27 | €25,702 | €23,432 | -€2,270 | -8.8% |
| Furniture and vehicles | 24 | €6,284 | €5,790 | -€494 | -7.9% |
| Leasing and similar rights | 25 | €19,418 | - | -€19,418 | |
| Other tangible fixed assets | 26 | - | €17,643 | +€17,643 | |
| Financial fixed assets | 28 | €5,400 | - | -€5,400 | |
| Current assets | 29/58 | €1,175,019 | €1,347,199 | +€172,180 | +14.7% |
| Stocks and contracts in progress | 3 | €1,002,746 | €919,776 | -€82,970 | -8.3% |
| Stocks | 30/36 | €1,002,746 | €919,776 | -€82,970 | -8.3% |
| Amounts receivable within one year | 40/41 | €132,272 | €212,267 | +€79,994 | +60.5% |
| Trade receivables | 40 | €108,470 | €212,264 | +€103,795 | +95.7% |
| Other amounts receivable | 41 | €23,803 | €2 | -€23,801 | -100.0% |
| Current investments | 50/53 | €40,000 | €40,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €173,530 | +€173,530 | |
| Deferred charges and accrued income | 490/1 | - | €1,626 | +€1,626 | |
| Total equity and liabilities | 10/49 | €1,206,120 | €1,370,631 | +€164,511 | +13.6% |
| Equity | 10/15 | €431,410 | €593,860 | +€162,450 | +37.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,460 | €74,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €72,600 | €72,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €344,550 | €507,000 | +€162,450 | +47.1% |
| Provisions and deferred taxes | 16 | €8,406 | €8,406 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €8,406 | €8,406 | = | 0.0% |
| Other liabilities and charges | 164/5 | €8,406 | €8,406 | = | 0.0% |
| Amounts payable | 17/49 | €766,305 | €768,365 | +€2,061 | +0.3% |
| Amounts payable after more than one year | 17 | €31,540 | €311,954 | +€280,414 | +889% |
| Financial debts | 170/4 | €31,540 | €311,954 | +€280,414 | +889% |
| Amounts payable within one year | 42/48 | €733,995 | €456,411 | -€277,584 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €67,132 | €49,808 | -€17,324 | -25.8% |
| Financial debts | 43 | €283,434 | €174,808 | -€108,626 | -38.3% |
| Credit institutions | 430/8 | €283,434 | €174,808 | -€108,626 | -38.3% |
| Trade debts | 44 | €215,891 | €107,248 | -€108,643 | -50.3% |
| Suppliers | 440/4 | €215,891 | €107,248 | -€108,643 | -50.3% |
| Taxes, remuneration and social security | 45 | €67,447 | €53,511 | -€13,937 | -20.7% |
| Taxes | 450/3 | €67,447 | €43,873 | -€23,574 | -35.0% |
| Remuneration and social security | 454/9 | - | €9,638 | +€9,638 | |
| Other amounts payable | 47/48 | €100,091 | €71,037 | -€29,054 | -29.0% |
| Accrued charges and deferred income | 492/3 | €769 | - | -€769 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,381 | €5,480 | +€99 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €43,000 | +€43,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €8,406 | - | -€8,406 | |
| Other operating charges | 640/8 | €3,864 | €2,654 | -€1,210 | -31.3% |
| Gross operating margin | 9900 | €151,821 | €268,346 | +€116,525 | +76.8% |
| Operating profit (loss) | 9901 | €134,170 | €217,212 | +€83,042 | +61.9% |
| Financial charges | 65/66B | €19,531 | €23,697 | +€4,166 | +21.3% |
| Recurring financial charges | 65 | €19,531 | €23,697 | +€4,166 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €114,639 | €193,514 | +€78,876 | +68.8% |
| Income taxes | 67/77 | €37,359 | €31,064 | -€6,294 | -16.8% |
| Profit (loss) for the period | 9904 | €77,280 | €162,450 | +€85,170 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €77,280 | €162,450 | +€85,170 | +110% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.