ASI MANAGEMENT: 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.
ASI MANAGEMENT
Largest movements
- Cash +€50,909
up €50,909 (+1063.6%), from €4,787 to €55,696
mainly Net result for the year (+€39,436) and Tax, wage and social debts (+€11,151)
- Receivables within one year +€1,867
up €1,867 (+48.3%), from €3,864 to €5,730
- Formation expenses -€643
down €643 (-63.6%), from €1,010 to €367
- Profit (loss) carried forward +€39,436
up €39,436 (+1205.1%), from €3,273 to €42,708
- Tax, wage and social debts +€11,151
up €11,151 (+1362.9%), from €818 to €11,969
- Other debts +€2,310
new in 2025: €2,310
- Trade debts -€846
down €846 (-53.9%), from €1,570 to €724
- Gross operating margin +€47,730
up €47,730 (+1149.0%), from €4,154 to €51,884
- Taxes +€9,399
up €9,399 (+1148.8%), from €818 to €10,217
- Depreciation +€2,086
up €2,086 (+3284.3%), from €64 to €2,149
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 | €9,660 | €61,793 | +€52,132 | +539.7% |
| Formation expenses | 20 | €1,010 | €367 | -€643 | -63.6% |
| Current assets | 29/58 | €8,650 | €61,426 | +€52,776 | +610.1% |
| Amounts receivable within one year | 40/41 | €3,864 | €5,730 | +€1,867 | +48.3% |
| Trade receivables | 40 | €3,864 | €5,730 | +€1,867 | +48.3% |
| Cash at bank and in hand | 54/58 | €4,787 | €55,696 | +€50,909 | +1063.6% |
| Total equity and liabilities | 10/49 | €9,660 | €61,793 | +€52,132 | +539.7% |
| Equity | 10/15 | €7,273 | €46,708 | +€39,436 | +542.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,273 | €42,708 | +€39,436 | +1205.1% |
| Amounts payable | 17/49 | €2,388 | €15,085 | +€12,697 | +531.7% |
| Amounts payable within one year | 42/48 | €2,388 | €15,003 | +€12,615 | +528.3% |
| Trade debts | 44 | €1,570 | €724 | -€846 | -53.9% |
| Suppliers | 440/4 | €1,570 | €724 | -€846 | -53.9% |
| Taxes, remuneration and social security | 45 | €818 | €11,969 | +€11,151 | +1362.9% |
| Taxes | 450/3 | €818 | €11,969 | +€11,151 | +1362.9% |
| Other amounts payable | 47/48 | - | €2,310 | +€2,310 | |
| Accrued charges and deferred income | 492/3 | - | €82 | +€82 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64 | €2,149 | +€2,086 | +3284.3% |
| Gross operating margin | 9900 | €4,154 | €51,884 | +€47,730 | +1149.0% |
| Operating profit (loss) | 9901 | €4,091 | €49,734 | +€45,644 | +1115.8% |
| Financial charges | 65/66B | - | €82 | +€82 | |
| Recurring financial charges | 65 | - | €82 | +€82 | |
| Profit (loss) for the period before taxes | 9903 | €4,091 | €49,653 | +€45,562 | +1113.8% |
| Income taxes | 67/77 | €818 | €10,217 | +€9,399 | +1148.8% |
| Profit (loss) for the period | 9904 | €3,273 | €39,436 | +€36,163 | +1105.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,273 | €39,436 | +€36,163 | +1105.1% |
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 7 October 2026 via checked.be.