ASM BELGIUM: 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.
ASM BELGIUM
Largest movements
- Cash +€342,931
up €342,931 (+95.1%), from €360,572 to €703,503
mainly Net result for the year (+€650,154) and Depreciation (+€49,176)
- Receivables within one year +€227,625
up €227,625 (+22.5%), from €1.0m to €1.2m
of which Other amounts receivable: +€698,882
- Reserves +€650,154
up €650,154 (+87.1%), from €746,107 to €1.4m
- Tax, wage and social debts -€67,530
down €67,530 (-13.7%), from €493,829 to €426,299
of which Taxes: -€99,196
- Accrued charges and deferred income -€48,876
down €48,876 (-17.3%), from €282,042 to €233,167
- Trade debts +€30,568
up €30,568 (+22.4%), from €136,716 to €167,284
- Gross operating margin -€106,520
down €106,520 (-3.2%), from €3.3m to €3.2m
- Write-downs +€57,108
up €57,108 (+264%), from €21,655 to €78,763
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 | €1,680,860 | €2,246,672 | +€565,812 | +33.7% |
| Fixed assets | 21/28 | €275,743 | €254,593 | -€21,150 | -7.7% |
| Tangible fixed assets | 22/27 | €197,533 | €176,752 | -€20,781 | -10.5% |
| Plant, machinery and equipment | 23 | €5,895 | €5,117 | -€777 | -13.2% |
| Furniture and vehicles | 24 | €51,649 | €49,274 | -€2,375 | -4.6% |
| Other tangible fixed assets | 26 | €139,989 | €122,360 | -€17,628 | -12.6% |
| Financial fixed assets | 28 | €78,211 | €77,841 | -€369 | -0.5% |
| Current assets | 29/58 | €1,405,117 | €1,992,078 | +€586,961 | +41.8% |
| Amounts receivable within one year | 40/41 | €1,011,914 | €1,239,539 | +€227,625 | +22.5% |
| Trade receivables | 40 | €922,974 | €451,717 | -€471,258 | -51.1% |
| Other amounts receivable | 41 | €88,939 | €787,822 | +€698,882 | +786% |
| Cash at bank and in hand | 54/58 | €360,572 | €703,503 | +€342,931 | +95.1% |
| Deferred charges and accrued income | 490/1 | €32,632 | €49,037 | +€16,405 | +50.3% |
| Total equity and liabilities | 10/49 | €1,680,860 | €2,246,672 | +€565,812 | +33.7% |
| Equity | 10/15 | €766,107 | €1,416,261 | +€650,154 | +84.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €746,107 | €1,396,261 | +€650,154 | +87.1% |
| Distributable reserves | 133 | €746,107 | €1,396,261 | +€650,154 | +87.1% |
| Amounts payable | 17/49 | €914,754 | €830,411 | -€84,342 | -9.2% |
| Amounts payable within one year | 42/48 | €632,711 | €597,244 | -€35,467 | -5.6% |
| Financial debts | 43 | €1,075 | €2,655 | +€1,580 | +147% |
| Credit institutions | 430/8 | €1,075 | €2,655 | +€1,580 | +147% |
| Trade debts | 44 | €136,716 | €167,284 | +€30,568 | +22.4% |
| Suppliers | 440/4 | €136,716 | €167,284 | +€30,568 | +22.4% |
| Taxes, remuneration and social security | 45 | €493,829 | €426,299 | -€67,530 | -13.7% |
| Taxes | 450/3 | €228,356 | €129,160 | -€99,196 | -43.4% |
| Remuneration and social security | 454/9 | €265,473 | €297,139 | +€31,666 | +11.9% |
| Other amounts payable | 47/48 | €1,091 | €1,007 | -€84 | -7.7% |
| Accrued charges and deferred income | 492/3 | €282,042 | €233,167 | -€48,876 | -17.3% |
| Remuneration, social security and pensions | 62 | €2,184,482 | €2,175,712 | -€8,769 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,038 | €49,176 | -€6,862 | -12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,655 | €78,763 | +€57,108 | +264% |
| Other operating charges | 640/8 | €28,370 | €998 | -€27,372 | -96.5% |
| Gross operating margin | 9900 | €3,315,824 | €3,209,304 | -€106,520 | -3.2% |
| Operating profit (loss) | 9901 | €1,025,279 | €904,654 | -€120,625 | -11.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €22,616 | €11,196 | -€11,420 | -50.5% |
| Recurring financial charges | 65 | €22,616 | €11,196 | -€11,420 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €1,002,664 | €893,458 | -€109,206 | -10.9% |
| Income taxes | 67/77 | €267,981 | €243,304 | -€24,677 | -9.2% |
| Profit (loss) for the period | 9904 | €734,683 | €650,154 | -€84,529 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €734,683 | €650,154 | -€84,529 | -11.5% |
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 14 October 2026 via checked.be.