ASGARD VASTGOED: 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 VASTGOED
Largest movements
- Receivables after one year -€102,464
down €102,464 (-89.9%), from €114,015 to €11,552
- Debts after one year -€101,706
down €101,706 (-81.8%), from €124,315 to €22,609
- Gross operating margin -€22,275
down €22,275, from €22,188 to -€88
- Financial charges +€4,182
up €4,182 (+128%), from €3,277 to €7,459
- Financial income -€2,845
down €2,845 (-25.8%), from €11,022 to €8,178
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 | €153,773 | €51,649 | -€102,124 | -66.4% |
| Fixed assets | 21/28 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1 | €1 | = | 0.0% |
| Land and buildings | 22 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €153,772 | €51,648 | -€102,124 | -66.4% |
| Amounts receivable after more than one year | 29 | €114,015 | €11,552 | -€102,464 | -89.9% |
| Trade receivables | 290 | €114,015 | €11,552 | -€102,464 | -89.9% |
| Stocks and contracts in progress | 3 | €38,500 | €38,500 | = | 0.0% |
| Stocks | 30/36 | €38,500 | €38,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,157 | €1,157 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,157 | €1,157 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €101 | €440 | +€340 | +338% |
| Total equity and liabilities | 10/49 | €153,773 | €51,649 | -€102,124 | -66.4% |
| Equity | 10/15 | €29,007 | €29,040 | +€32 | +0.1% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €16,225 | €16,225 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,727 | €1,727 | = | 0.0% |
| Distributable reserves | 133 | €14,498 | €14,498 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,817 | -€30,785 | +€32 | +0.1% |
| Amounts payable | 17/49 | €124,766 | €22,609 | -€102,156 | -81.9% |
| Amounts payable after more than one year | 17 | €124,315 | €22,609 | -€101,706 | -81.8% |
| Financial debts | 170/4 | €124,315 | €22,609 | -€101,706 | -81.8% |
| Amounts payable within one year | 42/48 | €451 | €0 | -€451 | -100% |
| Trade debts | 44 | €451 | €0 | -€451 | -100% |
| Suppliers | 440/4 | €451 | €0 | -€451 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €24,227 | €0 | -€24,227 | -100% |
| Other operating charges | 640/8 | €767 | €598 | -€169 | -22.0% |
| Non-recurring operating charges | 66A | €674 | €0 | -€674 | -100% |
| Gross operating margin | 9900 | €22,188 | -€88 | -€22,275 | |
| Operating profit (loss) | 9901 | €20,747 | -€686 | -€21,433 | |
| Financial income | 75/76B | €11,022 | €8,178 | -€2,845 | -25.8% |
| Recurring financial income | 75 | €11,022 | €8,178 | -€2,845 | -25.8% |
| Financial charges | 65/66B | €3,277 | €7,459 | +€4,182 | +128% |
| Recurring financial charges | 65 | €3,277 | €7,459 | +€4,182 | +128% |
| Profit (loss) for the period before taxes | 9903 | €28,492 | €32 | -€28,459 | -99.9% |
| Profit (loss) for the period | 9904 | €28,492 | €32 | -€28,459 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,492 | €32 | -€28,459 | -99.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.