ASF: 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.
ASF
Largest movements
- Tangible fixed assets -€25,454
down €25,454 (-14.7%), from €173,526 to €148,072
of which Furniture and vehicles: -€17,472
- Receivables within one year +€13,315
up €13,315 (+36.5%), from €36,487 to €49,802
of which Other amounts receivable: +€31,347
- Other debts -€23,195
no longer reported in 2024 (was €23,195)
- Reserves +€19,560
up €19,560 (+14.9%), from €130,961 to €150,521
of which Distributable reserves: +€19,560
- Debts after one year -€3,726
no longer reported in 2024 (was €3,726)
- Current portion of long-term debt -€3,660
down €3,660 (-49.6%), from €7,387 to €3,726
- Gross operating margin -€32,080
down €32,080 (-34.9%), from €91,797 to €59,717
- Taxes -€9,630
down €9,630 (-42.1%), from €22,865 to €13,235
- Depreciation +€2,611
up €2,611 (+11.4%), from €22,844 to €25,454
- Other operating charges -€1,139
down €1,139 (-46.4%), from €2,455 to €1,316
- Financial income +€940
new in 2024: €940
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 | €220,272 | €209,405 | -€10,867 | -4.9% |
| Fixed assets | 21/28 | €173,526 | €148,072 | -€25,454 | -14.7% |
| Tangible fixed assets | 22/27 | €173,526 | €148,072 | -€25,454 | -14.7% |
| Land and buildings | 22 | €85,000 | €85,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €26,906 | €20,755 | -€6,151 | -22.9% |
| Furniture and vehicles | 24 | €58,727 | €41,254 | -€17,472 | -29.8% |
| Other tangible fixed assets | 26 | €2,893 | €1,062 | -€1,831 | -63.3% |
| Current assets | 29/58 | €46,746 | €61,334 | +€14,587 | +31.2% |
| Amounts receivable within one year | 40/41 | €36,487 | €49,802 | +€13,315 | +36.5% |
| Trade receivables | 40 | €34,637 | €16,606 | -€18,031 | -52.1% |
| Other amounts receivable | 41 | €1,849 | €33,196 | +€31,347 | +1695.0% |
| Cash at bank and in hand | 54/58 | €10,260 | €11,532 | +€1,272 | +12.4% |
| Total equity and liabilities | 10/49 | €220,272 | €209,405 | -€10,867 | -4.9% |
| Equity | 10/15 | €149,553 | €169,113 | +€19,560 | +13.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €130,961 | €150,521 | +€19,560 | +14.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €129,101 | €148,661 | +€19,560 | +15.2% |
| Amounts payable | 17/49 | €70,719 | €40,293 | -€30,427 | -43.0% |
| Amounts payable after more than one year | 17 | €3,726 | - | -€3,726 | |
| Financial debts | 170/4 | €3,726 | - | -€3,726 | |
| Amounts payable within one year | 42/48 | €66,993 | €40,293 | -€26,700 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | €7,387 | €3,726 | -€3,660 | -49.6% |
| Trade debts | 44 | - | €466 | +€466 | |
| Suppliers | 440/4 | - | €466 | +€466 | |
| Taxes, remuneration and social security | 45 | €36,411 | €36,100 | -€311 | -0.9% |
| Taxes | 450/3 | €36,411 | €36,100 | -€311 | -0.9% |
| Other amounts payable | 47/48 | €23,195 | - | -€23,195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,844 | €25,454 | +€2,611 | +11.4% |
| Other operating charges | 640/8 | €2,455 | €1,316 | -€1,139 | -46.4% |
| Gross operating margin | 9900 | €91,797 | €59,717 | -€32,080 | -34.9% |
| Operating profit (loss) | 9901 | €66,498 | €32,947 | -€33,552 | -50.5% |
| Financial income | 75/76B | - | €940 | +€940 | |
| Recurring financial income | 75 | - | €940 | +€940 | |
| Financial charges | 65/66B | €1,193 | €1,092 | -€101 | -8.5% |
| Recurring financial charges | 65 | €1,193 | €1,092 | -€101 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €65,305 | €32,795 | -€32,510 | -49.8% |
| Income taxes | 67/77 | €22,865 | €13,235 | -€9,630 | -42.1% |
| Profit (loss) for the period | 9904 | €42,440 | €19,560 | -€22,881 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,440 | €19,560 | -€22,881 | -53.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.