ASGARD CONSULTING: 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.
ASGARD CONSULTING
Largest movements
- Cash -€36,484
down €36,484 (-100%), from €36,484 to €0
mainly Contributions, distributions and other (-€104,739) and Debts after one year (-€10,969)
- Receivables within one year -€26,528
down €26,528 (-59.0%), from €44,983 to €18,455
of which Other amounts receivable: -€26,318
- Tangible fixed assets -€5,148
down €5,148 (-9.5%), from €54,198 to €49,051
- Deferred charges and accrued income -€3,640
down €3,640 (-51.5%), from €7,075 to €3,435
- Reserves -€62,488
down €62,488 (-100%), from €62,488 to €0
- Debts after one year -€10,969
down €10,969 (-21.5%), from €51,119 to €40,149
- Short-term financial debts +€2,188
new in 2025: €2,188
- Trade debts -€1,874
down €1,874 (-46.9%), from €3,999 to €2,125
No income-statement line moved by more than 1% of the activity.
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 | €157,739 | €85,940 | -€71,800 | -45.5% |
| Fixed assets | 21/28 | €54,198 | €49,051 | -€5,148 | -9.5% |
| Tangible fixed assets | 22/27 | €54,198 | €49,051 | -€5,148 | -9.5% |
| Land and buildings | 22 | €18,448 | €17,024 | -€1,424 | -7.7% |
| Plant, machinery and equipment | 23 | €400 | €0 | -€400 | -100% |
| Furniture and vehicles | 24 | €7,363 | €6,180 | -€1,183 | -16.1% |
| Other tangible fixed assets | 26 | €27,987 | €25,846 | -€2,140 | -7.6% |
| Current assets | 29/58 | €103,541 | €36,889 | -€66,652 | -64.4% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,983 | €18,455 | -€26,528 | -59.0% |
| Trade receivables | 40 | €17,810 | €17,600 | -€210 | -1.2% |
| Other amounts receivable | 41 | €27,173 | €855 | -€26,318 | -96.9% |
| Cash at bank and in hand | 54/58 | €36,484 | €0 | -€36,484 | -100% |
| Deferred charges and accrued income | 490/1 | €7,075 | €3,435 | -€3,640 | -51.5% |
| Total equity and liabilities | 10/49 | €157,739 | €85,940 | -€71,800 | -45.5% |
| Equity | 10/15 | €65,488 | €3,000 | -€62,488 | -95.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €62,488 | €0 | -€62,488 | -100% |
| Distributable reserves | 133 | €62,488 | €0 | -€62,488 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,252 | €82,940 | -€9,312 | -10.1% |
| Amounts payable after more than one year | 17 | €51,119 | €40,149 | -€10,969 | -21.5% |
| Financial debts | 170/4 | €51,119 | €40,149 | -€10,969 | -21.5% |
| Amounts payable within one year | 42/48 | €41,133 | €42,790 | +€1,657 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €10,531 | €10,969 | +€438 | +4.2% |
| Financial debts | 43 | - | €2,188 | +€2,188 | |
| Credit institutions | 430/8 | - | €2,188 | +€2,188 | |
| Trade debts | 44 | €3,999 | €2,125 | -€1,874 | -46.9% |
| Suppliers | 440/4 | €3,999 | €2,125 | -€1,874 | -46.9% |
| Taxes, remuneration and social security | 45 | €26,603 | €27,508 | +€905 | +3.4% |
| Taxes | 450/3 | €26,603 | €27,508 | +€905 | +3.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,153 | €5,148 | -€5 | -0.1% |
| Other operating charges | 640/8 | €315 | €722 | +€406 | +129% |
| Gross operating margin | 9900 | €63,048 | €63,271 | +€223 | +0.4% |
| Operating profit (loss) | 9901 | €57,579 | €57,402 | -€177 | -0.3% |
| Financial income | 75/76B | €213 | €198 | -€15 | -7.1% |
| Recurring financial income | 75 | €213 | €198 | -€15 | -7.1% |
| Financial charges | 65/66B | €3,020 | €3,094 | +€74 | +2.5% |
| Recurring financial charges | 65 | €3,020 | €3,094 | +€74 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €54,772 | €54,505 | -€267 | -0.5% |
| Income taxes | 67/77 | €12,488 | €12,254 | -€235 | -1.9% |
| Profit (loss) for the period | 9904 | €42,284 | €42,252 | -€32 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,284 | €42,252 | -€32 | -0.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.