ASIA EXPRESS: 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.
ASIA EXPRESS
Largest movements
- Receivables within one year -€154,747
no longer reported in 2024 (was €154,747)
- Cash +€18,020
up €18,020 (+823.4%), from €2,189 to €20,208
mainly Receivables within one year (+€154,747) and Net result for the year (+€51,151)
- Tangible fixed assets -€8,523
down €8,523 (-9.3%), from €91,411 to €82,888
of which Plant, machinery and equipment: -€10,161
- Stocks and contracts +€5,686
up €5,686 (+18.9%), from €30,009 to €35,694
- Trade debts -€98,689
down €98,689 (-88.8%), from €111,177 to €12,488
- Other debts -€57,785
down €57,785 (-95.7%), from €60,384 to €2,598
- Profit (loss) carried forward +€25,151
up €25,151 (+262.9%), from €9,568 to €34,719
- Accrued charges and deferred income -€8,150
no longer reported in 2024 (was €8,150)
- Turnover +€924,441
new in 2024: €924,441
- Purchases and services +€822,408
new in 2024: €822,408
- Gross operating margin +€77,408
up €77,408 (+314.3%), from €24,626 to €102,033
- Depreciation +€13,157
up €13,157 (+137.3%), from €9,586 to €22,744
- Staff costs +€12,683
up €12,683 (+665.9%), from €1,905 to €14,588
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €322,748 | €183,183 | -€139,565 | -43.2% |
| Fixed assets | 21/28 | €134,611 | €126,088 | -€8,523 | -6.3% |
| Tangible fixed assets | 22/27 | €91,411 | €82,888 | -€8,523 | -9.3% |
| Plant, machinery and equipment | 23 | €48,759 | €38,598 | -€10,161 | -20.8% |
| Furniture and vehicles | 24 | €5,011 | €3,834 | -€1,177 | -23.5% |
| Other tangible fixed assets | 26 | €37,641 | €40,456 | +€2,815 | +7.5% |
| Financial fixed assets | 28 | €43,200 | €43,200 | = | 0.0% |
| Current assets | 29/58 | €188,137 | €57,095 | -€131,042 | -69.7% |
| Stocks and contracts in progress | 3 | €30,009 | €35,694 | +€5,686 | +18.9% |
| Stocks | 30/36 | €30,009 | €35,694 | +€5,686 | +18.9% |
| Amounts receivable within one year | 40/41 | €154,747 | - | -€154,747 | |
| Trade receivables | 40 | €154,747 | - | -€154,747 | |
| Cash at bank and in hand | 54/58 | €2,189 | €20,208 | +€18,020 | +823.4% |
| Deferred charges and accrued income | 490/1 | €1,193 | €1,193 | = | 0.0% |
| Total equity and liabilities | 10/49 | €322,748 | €183,183 | -€139,565 | -43.2% |
| Equity | 10/15 | €129,568 | €154,719 | +€25,151 | +19.4% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,568 | €34,719 | +€25,151 | +262.9% |
| Amounts payable | 17/49 | €193,180 | €28,464 | -€164,716 | -85.3% |
| Amounts payable within one year | 42/48 | €185,030 | €28,464 | -€156,566 | -84.6% |
| Trade debts | 44 | €111,177 | €12,488 | -€98,689 | -88.8% |
| Suppliers | 440/4 | €111,177 | €12,488 | -€98,689 | -88.8% |
| Taxes, remuneration and social security | 45 | €13,469 | €13,377 | -€91 | -0.7% |
| Taxes | 450/3 | €5,363 | €11,267 | +€5,904 | +110.1% |
| Remuneration and social security | 454/9 | €8,106 | €2,110 | -€5,996 | -74.0% |
| Other amounts payable | 47/48 | €60,384 | €2,598 | -€57,785 | -95.7% |
| Accrued charges and deferred income | 492/3 | €8,150 | - | -€8,150 | |
| Turnover | 70 | - | €924,441 | +€924,441 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €822,408 | +€822,408 | |
| Remuneration, social security and pensions | 62 | €1,905 | €14,588 | +€12,683 | +665.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,586 | €22,744 | +€13,157 | +137.3% |
| Other operating charges | 640/8 | €1,076 | €7,119 | +€6,044 | +561.8% |
| Gross operating margin | 9900 | €24,626 | €102,033 | +€77,408 | +314.3% |
| Operating profit (loss) | 9901 | €12,059 | €57,583 | +€45,524 | +377.5% |
| Financial charges | 65/66B | €2,491 | €5,136 | +€2,644 | +106.1% |
| Recurring financial charges | 65 | €2,491 | €5,136 | +€2,644 | +106.1% |
| Profit (loss) for the period before taxes | 9903 | €9,568 | €52,447 | +€42,880 | +448.2% |
| Income taxes | 67/77 | - | €1,296 | +€1,296 | |
| Profit (loss) for the period | 9904 | €9,568 | €51,151 | +€41,584 | +434.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,568 | €51,151 | +€41,584 | +434.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.