ASGMed: 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.
ASGMed
Largest movements
- Intangible fixed assets -€60,000
down €60,000 (-50.7%), from €118,447 to €58,447
- Cash -€25,557
down €25,557 (-79.9%), from €31,969 to €6,412
mainly Other debts (-€64,146) and Debts after one year (-€35,958)
- Tangible fixed assets -€22,164
down €22,164 (-25.3%), from €87,579 to €65,415
of which Furniture and vehicles: -€17,593
- Receivables within one year -€11,063
down €11,063 (-34.3%), from €32,249 to €21,185
of which Trade receivables: -€7,621
- Other debts -€64,146
down €64,146 (-79.6%), from €80,612 to €16,466
- Debts after one year -€35,958
down €35,958 (-33.5%), from €107,387 to €71,429
- Profit (loss) carried forward -€13,958
down €13,958, from €9,742 to -€4,216
- Tax, wage and social debts -€4,065
no longer reported in 2025 (was €4,065)
- Gross operating margin -€26,518
down €26,518 (-25.9%), from €102,190 to €75,672
- Taxes -€2,703
down €2,703 (-91.6%), from €2,949 to €246
- Financial charges -€1,340
down €1,340 (-18.0%), from €7,462 to €6,123
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 | €274,589 | €157,179 | -€117,409 | -42.8% |
| Fixed assets | 21/28 | €206,026 | €123,862 | -€82,164 | -39.9% |
| Intangible fixed assets | 21 | €118,447 | €58,447 | -€60,000 | -50.7% |
| Tangible fixed assets | 22/27 | €87,579 | €65,415 | -€22,164 | -25.3% |
| Plant, machinery and equipment | 23 | €673 | €270 | -€403 | -59.9% |
| Furniture and vehicles | 24 | €67,649 | €50,056 | -€17,593 | -26.0% |
| Other tangible fixed assets | 26 | €19,256 | €15,089 | -€4,167 | -21.6% |
| Current assets | 29/58 | €68,563 | €33,317 | -€35,246 | -51.4% |
| Amounts receivable within one year | 40/41 | €32,249 | €21,185 | -€11,063 | -34.3% |
| Trade receivables | 40 | €8,702 | €1,081 | -€7,621 | -87.6% |
| Other amounts receivable | 41 | €23,547 | €20,105 | -€3,442 | -14.6% |
| Cash at bank and in hand | 54/58 | €31,969 | €6,412 | -€25,557 | -79.9% |
| Deferred charges and accrued income | 490/1 | €4,345 | €5,720 | +€1,375 | +31.6% |
| Total equity and liabilities | 10/49 | €274,589 | €157,179 | -€117,409 | -42.8% |
| Equity | 10/15 | €44,596 | €30,638 | -€13,958 | -31.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €24,854 | €24,854 | = | 0.0% |
| Distributable reserves | 133 | €24,854 | €24,854 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,742 | -€4,216 | -€13,958 | |
| Amounts payable | 17/49 | €229,993 | €126,541 | -€103,452 | -45.0% |
| Amounts payable after more than one year | 17 | €107,387 | €71,429 | -€35,958 | -33.5% |
| Financial debts | 170/4 | €107,387 | €71,429 | -€35,958 | -33.5% |
| Amounts payable within one year | 42/48 | €122,260 | €55,112 | -€67,148 | -54.9% |
| Current portion of amounts payable after more than one year | 42 | €34,344 | €35,958 | +€1,614 | +4.7% |
| Trade debts | 44 | €3,240 | €2,689 | -€551 | -17.0% |
| Suppliers | 440/4 | €3,240 | €2,689 | -€551 | -17.0% |
| Taxes, remuneration and social security | 45 | €4,065 | - | -€4,065 | |
| Taxes | 450/3 | €4,065 | - | -€4,065 | |
| Other amounts payable | 47/48 | €80,612 | €16,466 | -€64,146 | -79.6% |
| Accrued charges and deferred income | 492/3 | €346 | - | -€346 | |
| Remuneration, social security and pensions | 62 | €77 | - | -€77 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,108 | €82,164 | +€56 | +0.1% |
| Other operating charges | 640/8 | €1,330 | €1,097 | -€233 | -17.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €102,190 | €75,672 | -€26,518 | -25.9% |
| Operating profit (loss) | 9901 | €18,675 | -€7,588 | -€26,264 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €7,462 | €6,123 | -€1,340 | -18.0% |
| Recurring financial charges | 65 | €7,462 | €6,123 | -€1,340 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €11,223 | -€13,711 | -€24,934 | |
| Income taxes | 67/77 | €2,949 | €246 | -€2,703 | -91.6% |
| Profit (loss) for the period | 9904 | €8,274 | -€13,958 | -€22,231 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,274 | -€13,958 | -€22,231 |
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 20 October 2026 via checked.be.