Asfalia: 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.
Asfalia
Largest movements
- Tangible fixed assets -€22,404
down €22,404 (-3.1%), from €725,491 to €703,087
of which Land and buildings: -€29,906
- Intangible fixed assets +€21,671
up €21,671 (+4050.7%), from €535 to €22,206
- Cash -€20,161
down €20,161 (-35.0%), from €57,555 to €37,394
mainly Investment in fixed assets (net) (-€53,408) and Debts after one year (-€52,284)
- Debts after one year -€52,284
down €52,284 (-8.9%), from €586,761 to €534,477
- Reserves +€35,000
up €35,000 (+24.8%), from €141,400 to €176,400
- Other debts -€12,924
down €12,924 (-99.4%), from €13,005 to €81
- Gross operating margin +€31,820
up €31,820 (+10.6%), from €299,706 to €331,526
- Financial charges +€23,719
up €23,719 (+44.4%), from €53,380 to €77,099
of which Financial charges: +€23,845
- Taxes +€6,169
up €6,169 (+48.0%), from €12,852 to €19,021
- Staff costs -€4,694
down €4,694 (-3.3%), from €143,184 to €138,490
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.
Cash bridge derived
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 | €871,245 | €841,775 | -€29,470 | -3.4% |
| Fixed assets | 21/28 | €726,526 | €725,793 | -€733 | -0.1% |
| Intangible fixed assets | 21 | €535 | €22,206 | +€21,671 | +4050.7% |
| Tangible fixed assets | 22/27 | €725,491 | €703,087 | -€22,404 | -3.1% |
| Land and buildings | 22 | €689,840 | €659,934 | -€29,906 | -4.3% |
| Plant, machinery and equipment | 23 | €21,289 | €15,336 | -€5,953 | -28.0% |
| Furniture and vehicles | 24 | €14,362 | €27,817 | +€13,455 | +93.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €144,719 | €115,982 | -€28,737 | -19.9% |
| Amounts receivable after more than one year | 29 | €48,815 | €40,276 | -€8,539 | -17.5% |
| Other amounts receivable | 291 | €48,815 | €40,276 | -€8,539 | -17.5% |
| Amounts receivable within one year | 40/41 | €33,812 | €38,312 | +€4,500 | +13.3% |
| Trade receivables | 40 | €18,165 | €26,679 | +€8,514 | +46.9% |
| Other amounts receivable | 41 | €15,647 | €11,633 | -€4,014 | -25.7% |
| Cash at bank and in hand | 54/58 | €57,555 | €37,394 | -€20,161 | -35.0% |
| Deferred charges and accrued income | 490/1 | €4,537 | - | -€4,537 | |
| Total equity and liabilities | 10/49 | €871,245 | €841,775 | -€29,470 | -3.4% |
| Equity | 10/15 | €187,593 | €223,430 | +€35,837 | +19.1% |
| Revaluation surpluses | 12 | €40,482 | €40,482 | = | 0.0% |
| Reserves | 13 | €141,400 | €176,400 | +€35,000 | +24.8% |
| Distributable reserves | 133 | €141,400 | €176,400 | +€35,000 | +24.8% |
| Profit (loss) carried forward | 14 | €5,711 | €6,548 | +€837 | +14.7% |
| Amounts payable | 17/49 | €683,652 | €618,345 | -€65,307 | -9.6% |
| Amounts payable after more than one year | 17 | €586,761 | €534,477 | -€52,284 | -8.9% |
| Financial debts | 170/4 | €586,761 | €534,477 | -€52,284 | -8.9% |
| Amounts payable within one year | 42/48 | €95,221 | €82,579 | -€12,642 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €48,695 | €48,012 | -€683 | -1.4% |
| Trade debts | 44 | €16,543 | €18,454 | +€1,911 | +11.6% |
| Suppliers | 440/4 | €16,543 | €18,454 | +€1,911 | +11.6% |
| Taxes, remuneration and social security | 45 | €16,978 | €16,032 | -€946 | -5.6% |
| Taxes | 450/3 | €2,590 | €3,500 | +€910 | +35.1% |
| Remuneration and social security | 454/9 | €14,388 | €12,532 | -€1,856 | -12.9% |
| Other amounts payable | 47/48 | €13,005 | €81 | -€12,924 | -99.4% |
| Accrued charges and deferred income | 492/3 | €1,670 | €1,289 | -€381 | -22.8% |
| Remuneration, social security and pensions | 62 | €143,184 | €138,490 | -€4,694 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,357 | €54,141 | -€3,216 | -5.6% |
| Other operating charges | 640/8 | €6,838 | €7,060 | +€222 | +3.2% |
| Gross operating margin | 9900 | €299,706 | €331,526 | +€31,820 | +10.6% |
| Operating profit (loss) | 9901 | €92,327 | €131,835 | +€39,508 | +42.8% |
| Financial income | 75/76B | - | €122 | +€122 | |
| Recurring financial income | 75 | - | €122 | +€122 | |
| Financial charges | 65/66B | €53,380 | €77,099 | +€23,719 | +44.4% |
| Recurring financial charges | 65 | €53,254 | €77,099 | +€23,845 | +44.8% |
| Non-recurring financial charges | 66B | €126 | - | -€126 | |
| Profit (loss) for the period before taxes | 9903 | €38,947 | €54,858 | +€15,911 | +40.9% |
| Income taxes | 67/77 | €12,852 | €19,021 | +€6,169 | +48.0% |
| Profit (loss) for the period | 9904 | €26,095 | €35,837 | +€9,742 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,095 | €35,837 | +€9,742 | +37.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.