ASGB: 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.
ASGB
Largest movements
- Cash +€14,408
up €14,408 (+5.0%), from €285,615 to €300,023
mainly Net result for the year (+€54,028) and Trade debts (+€328)
- Reserves +€54,028
up €54,028 (+26.5%), from €203,863 to €257,892
of which Distributable reserves: +€54,028
- Tax, wage and social debts -€21,311
down €21,311 (-56.8%), from €37,522 to €16,211
- Other debts -€13,948
down €13,948 (-86.4%), from €16,138 to €2,190
- Gross operating margin +€50,691
up €50,691 (+163%), from €31,132 to €81,823
- Taxes +€15,282
up €15,282 (+141%), from €10,809 to €26,090
- Financial charges -€1,056
down €1,056 (-40.1%), from €2,631 to €1,575
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 | €286,417 | €305,515 | +€19,098 | +6.7% |
| Fixed assets | 21/28 | - | €2,178 | +€2,178 | |
| Tangible fixed assets | 22/27 | - | €2,178 | +€2,178 | |
| Plant, machinery and equipment | 23 | - | €2,178 | +€2,178 | |
| Current assets | 29/58 | €286,417 | €303,337 | +€16,920 | +5.9% |
| Amounts receivable within one year | 40/41 | €802 | €3,313 | +€2,512 | +313% |
| Trade receivables | 40 | €391 | €0 | -€391 | -100% |
| Other amounts receivable | 41 | €411 | €3,313 | +€2,902 | +706% |
| Cash at bank and in hand | 54/58 | €285,615 | €300,023 | +€14,408 | +5.0% |
| Total equity and liabilities | 10/49 | €286,417 | €305,515 | +€19,098 | +6.7% |
| Equity | 10/15 | €232,522 | €286,550 | +€54,028 | +23.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €203,863 | €257,892 | +€54,028 | +26.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €202,003 | €256,032 | +€54,028 | +26.7% |
| Profit (loss) carried forward | 14 | €22,458 | €22,458 | = | 0.0% |
| Amounts payable | 17/49 | €53,895 | €18,964 | -€34,930 | -64.8% |
| Amounts payable within one year | 42/48 | €53,895 | €18,964 | -€34,930 | -64.8% |
| Trade debts | 44 | €235 | €563 | +€328 | +140% |
| Suppliers | 440/4 | €235 | €563 | +€328 | +140% |
| Taxes, remuneration and social security | 45 | €37,522 | €16,211 | -€21,311 | -56.8% |
| Taxes | 450/3 | €37,522 | €16,211 | -€21,311 | -56.8% |
| Other amounts payable | 47/48 | €16,138 | €2,190 | -€13,948 | -86.4% |
| Non-recurring operating income | 76A | - | €453 | +€453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €216 | +€216 | |
| Other operating charges | 640/8 | €700 | €1,096 | +€397 | +56.7% |
| Gross operating margin | 9900 | €31,132 | €81,823 | +€50,691 | +163% |
| Operating profit (loss) | 9901 | €30,432 | €80,510 | +€50,078 | +165% |
| Financial income | 75/76B | €1,703 | €1,184 | -€518 | -30.4% |
| Recurring financial income | 75 | €1,703 | €1,184 | -€518 | -30.4% |
| Financial charges | 65/66B | €2,631 | €1,575 | -€1,056 | -40.1% |
| Recurring financial charges | 65 | €2,631 | €1,575 | -€1,056 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €29,503 | €80,119 | +€50,616 | +172% |
| Income taxes | 67/77 | €10,809 | €26,090 | +€15,282 | +141% |
| Profit (loss) for the period | 9904 | €18,695 | €54,028 | +€35,334 | +189% |
| Profit (loss) for the period to be appropriated | 9905 | €18,695 | €54,028 | +€35,334 | +189% |
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 14 October 2026 via checked.be.