Asgard Precision: 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.
Asgard Precision
Largest movements
- Tangible fixed assets +€14,880
new in 2025: €14,880
- Stocks and contracts +€7,331
up €7,331 (+59.4%), from €12,352 to €19,683
- Cash +€564
up €564 (+2600.7%), from €22 to €586
mainly Other debts (+€42,958) and Depreciation (+€2,484)
- Receivables within one year -€480
down €480 (-21.4%), from €2,247 to €1,767
of which Trade receivables: -€794
- Other debts +€42,958
up €42,958 (+139.2%), from €30,859 to €73,817
- Profit (loss) carried forward -€18,725
down €18,725 (-82.5%), from -€22,693 to -€41,418
- Trade debts -€1,938
down €1,938 (-43.5%), from €4,454 to €2,517
- Gross operating margin -€14,014
down €14,014 (-629.2%), from -€2,227 to -€16,241
- Depreciation +€2,484
new in 2025: €2,484
- Financial income +€231
new in 2025: €231
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 | €14,620 | €36,916 | +€22,295 | +152.5% |
| Fixed assets | 21/28 | - | €14,880 | +€14,880 | |
| Tangible fixed assets | 22/27 | - | €14,880 | +€14,880 | |
| Plant, machinery and equipment | 23 | - | €14,880 | +€14,880 | |
| Current assets | 29/58 | €14,620 | €22,035 | +€7,415 | +50.7% |
| Stocks and contracts in progress | 3 | €12,352 | €19,683 | +€7,331 | +59.4% |
| Stocks | 30/36 | €12,352 | €19,683 | +€7,331 | +59.4% |
| Amounts receivable within one year | 40/41 | €2,247 | €1,767 | -€480 | -21.4% |
| Trade receivables | 40 | €1,294 | €500 | -€794 | -61.4% |
| Other amounts receivable | 41 | €953 | €1,267 | +€314 | +32.9% |
| Cash at bank and in hand | 54/58 | €22 | €586 | +€564 | +2600.7% |
| Total equity and liabilities | 10/49 | €14,620 | €36,916 | +€22,295 | +152.5% |
| Equity | 10/15 | -€20,693 | -€39,418 | -€18,725 | -90.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,693 | -€41,418 | -€18,725 | -82.5% |
| Amounts payable | 17/49 | €35,313 | €76,334 | +€41,020 | +116.2% |
| Amounts payable within one year | 42/48 | €35,313 | €76,334 | +€41,020 | +116.2% |
| Trade debts | 44 | €4,454 | €2,517 | -€1,938 | -43.5% |
| Suppliers | 440/4 | €4,454 | €2,517 | -€1,938 | -43.5% |
| Other amounts payable | 47/48 | €30,859 | €73,817 | +€42,958 | +139.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,484 | +€2,484 | |
| Other operating charges | 640/8 | €263 | €145 | -€118 | -45.0% |
| Gross operating margin | 9900 | -€2,227 | -€16,241 | -€14,014 | -629.2% |
| Operating profit (loss) | 9901 | -€2,490 | -€18,869 | -€16,379 | -657.7% |
| Financial income | 75/76B | - | €231 | +€231 | |
| Recurring financial income | 75 | - | €231 | +€231 | |
| Financial charges | 65/66B | €76 | €87 | +€12 | +15.6% |
| Recurring financial charges | 65 | €76 | €87 | +€12 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,566 | -€18,725 | -€16,159 | -629.8% |
| Profit (loss) for the period | 9904 | -€2,566 | -€18,725 | -€16,159 | -629.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,566 | -€18,725 | -€16,159 | -629.8% |
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 5 October 2026 via checked.be.