ASIF & C°: 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.
ASIF & C°
Largest movements
- Receivables within one year -€170,589
down €170,589 (-96.8%), from €176,244 to €5,655
of which Trade receivables: -€168,851
- Cash -€29,254
down €29,254 (-20.0%), from €146,434 to €117,180
mainly Other debts (-€91,540) and Tax, wage and social debts (-€64,368)
- Tangible fixed assets +€26,131
up €26,131 (+94.0%), from €27,788 to €53,919
of which Other tangible fixed assets: +€26,687
- Deferred charges and accrued income -€10,947
no longer reported in 2025 (was €10,947)
- Other debts -€91,540
down €91,540 (-42.0%), from €218,032 to €126,492
- Tax, wage and social debts -€64,368
down €64,368 (-98.7%), from €65,213 to €845
of which Taxes: -€59,658
- Advances received -€36,000
no longer reported in 2025 (was €36,000)
- Current portion of long-term debt -€5,604
down €5,604 (-66.6%), from €8,414 to €2,810
- Reserves +€5,211
up €5,211 (+350%), from €1,490 to €6,701
of which Distributable reserves: +€5,211
- Gross operating margin -€25,211
down €25,211 (-33.5%), from €75,200 to €49,989
- Taxes -€14,990
down €14,990 (-94.7%), from €15,835 to €845
- Other operating charges +€10,493
up €10,493 (+128%), from €8,188 to €18,681
- Staff costs -€7,524
down €7,524 (-61.8%), from €12,182 to €4,658
- Financial income +€3,524
up €3,524 (+2,072,841%), from €0 to €3,524
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 | €457,106 | €271,885 | -€185,221 | -40.5% |
| Fixed assets | 21/28 | €32,481 | €58,050 | +€25,569 | +78.7% |
| Intangible fixed assets | 21 | €562 | - | -€562 | |
| Tangible fixed assets | 22/27 | €27,788 | €53,919 | +€26,131 | +94.0% |
| Plant, machinery and equipment | 23 | €1,870 | €2,524 | +€654 | +35.0% |
| Furniture and vehicles | 24 | €21,921 | €20,711 | -€1,210 | -5.5% |
| Other tangible fixed assets | 26 | €3,998 | €30,684 | +€26,687 | +668% |
| Financial fixed assets | 28 | €4,131 | €4,131 | +€0 | 0.0% |
| Current assets | 29/58 | €424,625 | €213,835 | -€210,790 | -49.6% |
| Stocks and contracts in progress | 3 | €91,000 | €91,000 | = | 0.0% |
| Stocks | 30/36 | €91,000 | €91,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €176,244 | €5,655 | -€170,589 | -96.8% |
| Trade receivables | 40 | €168,851 | - | -€168,851 | |
| Other amounts receivable | 41 | €7,393 | €5,655 | -€1,738 | -23.5% |
| Cash at bank and in hand | 54/58 | €146,434 | €117,180 | -€29,254 | -20.0% |
| Deferred charges and accrued income | 490/1 | €10,947 | - | -€10,947 | |
| Total equity and liabilities | 10/49 | €457,106 | €271,885 | -€185,221 | -40.5% |
| Equity | 10/15 | €40,424 | €45,634 | +€5,210 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,490 | €6,701 | +€5,211 | +350% |
| Non-distributable reserves | 130/1 | €1,490 | €1,490 | -€0 | 0.0% |
| Legal reserve | 130 | €1,490 | - | -€1,490 | |
| Reserves not available under the articles | 1311 | - | €1,490 | +€1,490 | |
| Distributable reserves | 133 | - | €5,211 | +€5,211 | |
| Profit (loss) carried forward | 14 | €20,333 | €20,333 | -€0 | 0.0% |
| Amounts payable | 17/49 | €416,682 | €226,251 | -€190,431 | -45.7% |
| Amounts payable within one year | 42/48 | €414,731 | €220,529 | -€194,202 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €8,414 | €2,810 | -€5,604 | -66.6% |
| Trade debts | 44 | €87,073 | €90,382 | +€3,309 | +3.8% |
| Suppliers | 440/4 | €87,073 | €90,382 | +€3,309 | +3.8% |
| Advances received on contracts in progress | 46 | €36,000 | - | -€36,000 | |
| Taxes, remuneration and social security | 45 | €65,213 | €845 | -€64,368 | -98.7% |
| Taxes | 450/3 | €60,503 | €845 | -€59,658 | -98.6% |
| Remuneration and social security | 454/9 | €4,710 | - | -€4,710 | |
| Other amounts payable | 47/48 | €218,032 | €126,492 | -€91,540 | -42.0% |
| Accrued charges and deferred income | 492/3 | €1,951 | €5,722 | +€3,771 | +193% |
| Remuneration, social security and pensions | 62 | €12,182 | €4,658 | -€7,524 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,836 | €13,902 | +€3,066 | +28.3% |
| Other operating charges | 640/8 | €8,188 | €18,681 | +€10,493 | +128% |
| Non-recurring operating charges | 66A | - | €562 | +€562 | |
| Gross operating margin | 9900 | €75,200 | €49,989 | -€25,211 | -33.5% |
| Operating profit (loss) | 9901 | €43,995 | €12,186 | -€31,809 | -72.3% |
| Financial income | 75/76B | €0 | €3,524 | +€3,524 | +2,072,841% |
| Recurring financial income | 75 | €0 | €3,524 | +€3,524 | +2,072,841% |
| Financial charges | 65/66B | €12,747 | €9,654 | -€3,093 | -24.3% |
| Recurring financial charges | 65 | €12,747 | €9,654 | -€3,093 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €31,248 | €6,056 | -€25,192 | -80.6% |
| Income taxes | 67/77 | €15,835 | €845 | -€14,990 | -94.7% |
| Profit (loss) for the period | 9904 | €15,414 | €5,211 | -€10,203 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,414 | €5,211 | -€10,203 | -66.2% |
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 17 October 2026 via checked.be.