ASIAMAX: 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.
ASIAMAX
Largest movements
- Cash +€4,302
up €4,302 (+131.1%), from €3,281 to €7,583
mainly Trade debts (+€4,239) and Receivables within one year (+€1,224)
- Deferred charges and accrued income +€1,267
new in 2025: €1,267
- Receivables within one year -€1,224
down €1,224 (-19.9%), from €6,163 to €4,939
- Stocks and contracts -€762
down €762 (-42.3%), from €1,803 to €1,041
- Tangible fixed assets +€577
up €577 (+25.8%), from €2,240 to €2,817
- Trade debts +€4,239
up €4,239 (+195.2%), from €2,172 to €6,411
- Tax, wage and social debts -€216
down €216 (-20.1%), from €1,072 to €856
- Gross operating margin -€2,944
down €2,944 (-69.6%), from €4,232 to €1,288
- Other operating charges -€579
down €579 (-56.9%), from €1,018 to €439
- Financial charges -€272
down €272 (-79.3%), from €343 to €71
- Depreciation +€81
up €81 (+14.5%), from €560 to €641
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 | €13,487 | €17,647 | +€4,160 | +30.8% |
| Fixed assets | 21/28 | €2,240 | €2,817 | +€577 | +25.8% |
| Tangible fixed assets | 22/27 | €2,240 | €2,817 | +€577 | +25.8% |
| Plant, machinery and equipment | 23 | €2,240 | €2,817 | +€577 | +25.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €11,247 | €14,830 | +€3,583 | +31.9% |
| Stocks and contracts in progress | 3 | €1,803 | €1,041 | -€762 | -42.3% |
| Stocks | 30/36 | €1,803 | €1,041 | -€762 | -42.3% |
| Amounts receivable within one year | 40/41 | €6,163 | €4,939 | -€1,224 | -19.9% |
| Trade receivables | 40 | €6,163 | €4,939 | -€1,224 | -19.9% |
| Cash at bank and in hand | 54/58 | €3,281 | €7,583 | +€4,302 | +131.1% |
| Deferred charges and accrued income | 490/1 | - | €1,267 | +€1,267 | |
| Total equity and liabilities | 10/49 | €13,487 | €17,647 | +€4,160 | +30.8% |
| Equity | 10/15 | €2,312 | €2,449 | +€137 | +5.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,280 | -€16,143 | +€137 | +0.8% |
| Amounts payable | 17/49 | €11,175 | €15,198 | +€4,023 | +36.0% |
| Amounts payable within one year | 42/48 | €11,175 | €15,198 | +€4,023 | +36.0% |
| Trade debts | 44 | €2,172 | €6,411 | +€4,239 | +195.2% |
| Suppliers | 440/4 | €2,172 | €6,411 | +€4,239 | +195.2% |
| Taxes, remuneration and social security | 45 | €1,072 | €856 | -€216 | -20.1% |
| Taxes | 450/3 | €1,072 | €856 | -€216 | -20.1% |
| Other amounts payable | 47/48 | €7,931 | €7,931 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €560 | €641 | +€81 | +14.5% |
| Other operating charges | 640/8 | €1,018 | €439 | -€579 | -56.9% |
| Gross operating margin | 9900 | €4,232 | €1,288 | -€2,944 | -69.6% |
| Operating profit (loss) | 9901 | €2,654 | €208 | -€2,446 | -92.2% |
| Financial charges | 65/66B | €343 | €71 | -€272 | -79.3% |
| Recurring financial charges | 65 | €343 | €71 | -€272 | -79.3% |
| Profit (loss) for the period before taxes | 9903 | €2,311 | €137 | -€2,174 | -94.1% |
| Profit (loss) for the period | 9904 | €2,311 | €137 | -€2,174 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,311 | €137 | -€2,174 | -94.1% |
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 12 October 2026 via checked.be.