ASFM IMMO: 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.
ASFM IMMO
Largest movements
- Receivables within one year -€26,075
no longer reported in 2025 (was €26,075)
- Tangible fixed assets -€16,846
down €16,846 (-7.2%), from €233,821 to €216,974
of which Plant, machinery and equipment: -€9,302
- Reserves -€25,000
down €25,000 (-38.5%), from €65,000 to €40,000
- Debts after one year -€17,393
down €17,393 (-10.9%), from €159,423 to €142,030
- Contributions -€10,000
down €10,000 (-66.7%), from €15,000 to €5,000
- Trade debts +€9,724
up €9,724 (+1253.5%), from €776 to €10,500
- Depreciation -€3,424
down €3,424 (-13.9%), from €24,671 to €21,247
- Gross operating margin -€2,868
down €2,868 (-35.4%), from €8,113 to €5,245
- Other operating charges -€106
down €106 (-2.2%), from €4,743 to €4,636
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 | €263,603 | €221,218 | -€42,385 | -16.1% |
| Fixed assets | 21/28 | €234,421 | €217,574 | -€16,846 | -7.2% |
| Tangible fixed assets | 22/27 | €233,821 | €216,974 | -€16,846 | -7.2% |
| Land and buildings | 22 | €140,534 | €137,497 | -€3,038 | -2.2% |
| Plant, machinery and equipment | 23 | €70,370 | €61,068 | -€9,302 | -13.2% |
| Furniture and vehicles | 24 | €22,916 | €18,409 | -€4,507 | -19.7% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €29,182 | €3,644 | -€25,539 | -87.5% |
| Amounts receivable within one year | 40/41 | €26,075 | - | -€26,075 | |
| Other amounts receivable | 41 | €26,075 | - | -€26,075 | |
| Cash at bank and in hand | 54/58 | €2,899 | €3,391 | +€491 | +16.9% |
| Deferred charges and accrued income | 490/1 | €208 | €253 | +€45 | +21.4% |
| Total equity and liabilities | 10/49 | €263,603 | €221,218 | -€42,385 | -16.1% |
| Equity | 10/15 | €81,534 | €46,138 | -€35,396 | -43.4% |
| Contributions | 10/11 | €15,000 | €5,000 | -€10,000 | -66.7% |
| Reserves | 13 | €65,000 | €40,000 | -€25,000 | -38.5% |
| Distributable reserves | 133 | €65,000 | €40,000 | -€25,000 | -38.5% |
| Profit (loss) carried forward | 14 | €1,534 | €1,138 | -€396 | -25.8% |
| Amounts payable | 17/49 | €182,069 | €175,080 | -€6,989 | -3.8% |
| Amounts payable after more than one year | 17 | €159,423 | €142,030 | -€17,393 | -10.9% |
| Financial debts | 170/4 | €159,423 | €142,030 | -€17,393 | -10.9% |
| Amounts payable within one year | 42/48 | €22,645 | €33,050 | +€10,405 | +45.9% |
| Current portion of amounts payable after more than one year | 42 | €16,365 | €17,393 | +€1,029 | +6.3% |
| Trade debts | 44 | €776 | €10,500 | +€9,724 | +1253.5% |
| Suppliers | 440/4 | €776 | €10,500 | +€9,724 | +1253.5% |
| Advances received on contracts in progress | 46 | €4,000 | €4,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €790 | €792 | +€1 | +0.2% |
| Taxes | 450/3 | €190 | €192 | +€1 | +0.7% |
| Remuneration and social security | 454/9 | €600 | €600 | = | 0.0% |
| Other amounts payable | 47/48 | €715 | €365 | -€350 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,671 | €21,247 | -€3,424 | -13.9% |
| Other operating charges | 640/8 | €4,743 | €4,636 | -€106 | -2.2% |
| Gross operating margin | 9900 | €8,113 | €5,245 | -€2,868 | -35.4% |
| Operating profit (loss) | 9901 | -€21,300 | -€20,638 | +€662 | +3.1% |
| Financial charges | 65/66B | €4,636 | €4,567 | -€69 | -1.5% |
| Recurring financial charges | 65 | €4,636 | €4,567 | -€69 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,936 | -€25,205 | +€731 | +2.8% |
| Income taxes | 67/77 | €190 | €192 | +€1 | +0.7% |
| Profit (loss) for the period | 9904 | -€26,126 | -€25,396 | +€730 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,126 | -€25,396 | +€730 | +2.8% |
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 8 October 2026 via checked.be.