ASM&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.
ASM&C
Largest movements
- Receivables within one year +€35,537
up €35,537 (+14.1%), from €251,540 to €287,078
of which Other amounts receivable: +€70,074
- Cash -€31,392
down €31,392 (-42.7%), from €73,493 to €42,101
mainly Trade debts (-€51,921) and Receivables within one year (-€35,537)
- Tangible fixed assets -€11,522
down €11,522 (-26.9%), from €42,889 to €31,367
- Trade debts -€51,921
down €51,921 (-99.1%), from €52,411 to €490
- Reserves +€40,895
up €40,895 (+14.0%), from €291,267 to €332,162
of which Distributable reserves: +€40,895
- Taxes -€2,596
down €2,596 (-16.6%), from €15,644 to €13,048
- Other operating charges +€879
up €879 (+56.7%), from €1,549 to €2,428
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 | €367,922 | €360,545 | -€7,377 | -2.0% |
| Fixed assets | 21/28 | €42,889 | €31,367 | -€11,522 | -26.9% |
| Tangible fixed assets | 22/27 | €42,889 | €31,367 | -€11,522 | -26.9% |
| Furniture and vehicles | 24 | €42,889 | €31,367 | -€11,522 | -26.9% |
| Current assets | 29/58 | €325,033 | €329,179 | +€4,145 | +1.3% |
| Amounts receivable within one year | 40/41 | €251,540 | €287,078 | +€35,537 | +14.1% |
| Trade receivables | 40 | €35,326 | €789 | -€34,537 | -97.8% |
| Other amounts receivable | 41 | €216,215 | €286,289 | +€70,074 | +32.4% |
| Cash at bank and in hand | 54/58 | €73,493 | €42,101 | -€31,392 | -42.7% |
| Total equity and liabilities | 10/49 | €367,922 | €360,545 | -€7,377 | -2.0% |
| Equity | 10/15 | €309,867 | €350,762 | +€40,895 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €291,267 | €332,162 | +€40,895 | +14.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €289,407 | €330,302 | +€40,895 | +14.1% |
| Amounts payable | 17/49 | €58,055 | €9,783 | -€48,272 | -83.1% |
| Amounts payable within one year | 42/48 | €58,055 | €9,783 | -€48,272 | -83.1% |
| Trade debts | 44 | €52,411 | €490 | -€51,921 | -99.1% |
| Suppliers | 440/4 | €52,411 | €490 | -€51,921 | -99.1% |
| Taxes, remuneration and social security | 45 | €5,644 | €9,293 | +€3,649 | +64.7% |
| Taxes | 450/3 | €5,644 | €9,293 | +€3,649 | +64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,939 | €11,522 | +€583 | +5.3% |
| Other operating charges | 640/8 | €1,549 | €2,428 | +€879 | +56.7% |
| Gross operating margin | 9900 | €68,223 | €68,311 | +€87 | +0.1% |
| Operating profit (loss) | 9901 | €55,735 | €54,360 | -€1,375 | -2.5% |
| Financial charges | 65/66B | €327 | €417 | +€90 | +27.6% |
| Recurring financial charges | 65 | €327 | €417 | +€90 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €55,408 | €53,943 | -€1,465 | -2.6% |
| Income taxes | 67/77 | €15,644 | €13,048 | -€2,596 | -16.6% |
| Profit (loss) for the period | 9904 | €39,764 | €40,895 | +€1,131 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,764 | €40,895 | +€1,131 | +2.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.