ASM CONSTRUCTION: what changed
What changed
ASM CONSTRUCTION
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€20,670
2024 · -€71,832+€92,501
Equity
€1.7m
2024 · €1.7m+€20,670
Cash
€1,342
2024 · €559+€783
Balance sheet total
€4.2m
2024 · €4.3m-€79,659
Largest movements
Assets
- Tangible fixed assets -€81,665
down €81,665 (-2.7%), from €3.0m to €2.9m
of which Land and buildings: -€81,429
Equity and liabilities
- Debts after one year -€146,595
down €146,595 (-6.6%), from €2.2m to €2.1m
of which Financial debts: -€95,833
- Other debts +€79,956
up €79,956 (+721%), from €11,090 to €91,046
Income statement
- Financial charges -€110,426
down €110,426 (-61.5%), from €179,663 to €69,237
of which Non-recurring financial charges: -€80,714
- Depreciation -€6,929
down €6,929 (-7.8%), from €88,594 to €81,665
- Gross operating margin +€6,844
up €6,844 (+3.3%), from €204,680 to €211,524
- Other operating charges -€3,703
down €3,703 (-17.6%), from €21,009 to €17,306
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€71,832
Gross operating margin
+€6,844
Staff costs
-€400
Depreciation
+€6,929
Other operating charges
+€3,703
Other operating items
-€35,000
Financial charges
+€110,426
Result 2025
€20,670
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€149,888
Investment
€0
Financing
-€149,105
Cash 2024
€559
From operations (derived)
+€149,888
Net result for the year
+€20,670
Depreciation
+€81,665
Stocks and contracts
-€25,967
Receivables within one year
+€39,649
Deferred charges and accrued income
-€14,904
Provisions
-€5,487
Trade debts
-€30,445
Tax, wage and social debts
+€485
Other debts
+€79,956
Accrued charges and deferred income
+€4,267
Financing
-€149,105
Debts after one year
-€146,595
Current portion of long-term debt
-€3,421
Short-term financial debts
+€911
Cash 2025
€1,342
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,269,934 | €4,190,275 | -€79,659 | -1.9% |
| Fixed assets | 21/28 | €3,015,540 | €2,933,876 | -€81,665 | -2.7% |
| Tangible fixed assets | 22/27 | €3,015,540 | €2,933,876 | -€81,665 | -2.7% |
| Land and buildings | 22 | €3,014,921 | €2,933,493 | -€81,429 | -2.7% |
| Furniture and vehicles | 24 | €619 | €383 | -€236 | -38.1% |
| Current assets | 29/58 | €1,254,394 | €1,256,399 | +€2,005 | +0.2% |
| Amounts receivable after more than one year | 29 | €279,500 | €279,500 | = | 0.0% |
| Other amounts receivable | 291 | €279,500 | €279,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €898,881 | €924,848 | +€25,967 | +2.9% |
| Stocks | 30/36 | €898,881 | €924,848 | +€25,967 | +2.9% |
| Amounts receivable within one year | 40/41 | €39,649 | €0 | -€39,649 | -100% |
| Other amounts receivable | 41 | €39,649 | €0 | -€39,649 | -100% |
| Cash at bank and in hand | 54/58 | €559 | €1,342 | +€783 | +140% |
| Deferred charges and accrued income | 490/1 | €35,805 | €50,709 | +€14,904 | +41.6% |
| Total equity and liabilities | 10/49 | €4,269,934 | €4,190,275 | -€79,659 | -1.9% |
| Equity | 10/15 | €1,688,894 | €1,709,564 | +€20,670 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €2,163,033 | €2,163,033 | = | 0.0% |
| Reserves | 13 | €186,009 | €169,549 | -€16,460 | -8.8% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Tax-exempt reserves | 132 | €185,389 | €168,929 | -€16,460 | -8.9% |
| Profit (loss) carried forward | 14 | -€678,748 | -€641,618 | +€37,130 | +5.5% |
| Provisions and deferred taxes | 16 | €61,796 | €56,310 | -€5,487 | -8.9% |
| Deferred taxes | 168 | €61,796 | €56,310 | -€5,487 | -8.9% |
| Amounts payable | 17/49 | €2,519,244 | €2,424,402 | -€94,842 | -3.8% |
| Amounts payable after more than one year | 17 | €2,217,118 | €2,070,523 | -€146,595 | -6.6% |
| Financial debts | 170/4 | €1,813,634 | €1,717,802 | -€95,833 | -5.3% |
| Other amounts payable | 178/9 | €403,484 | €352,722 | -€50,762 | -12.6% |
| Amounts payable within one year | 42/48 | €284,626 | €332,111 | +€47,486 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €110,032 | €106,611 | -€3,421 | -3.1% |
| Financial debts | 43 | €95,319 | €96,230 | +€911 | +1.0% |
| Credit institutions | 430/8 | €95,319 | €96,230 | +€911 | +1.0% |
| Trade debts | 44 | €47,444 | €16,999 | -€30,445 | -64.2% |
| Suppliers | 440/4 | €47,444 | €16,999 | -€30,445 | -64.2% |
| Taxes, remuneration and social security | 45 | €20,741 | €21,225 | +€485 | +2.3% |
| Taxes | 450/3 | €20,741 | €21,025 | +€285 | +1.4% |
| Remuneration and social security | 454/9 | - | €200 | +€200 | |
| Other amounts payable | 47/48 | €11,090 | €91,046 | +€79,956 | +721% |
| Accrued charges and deferred income | 492/3 | €17,500 | €21,767 | +€4,267 | +24.4% |
| Remuneration, social security and pensions | 62 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,594 | €81,665 | -€6,929 | -7.8% |
| Other operating charges | 640/8 | €21,009 | €17,306 | -€3,703 | -17.6% |
| Non-recurring operating charges | 66A | - | €35,000 | +€35,000 | |
| Gross operating margin | 9900 | €204,680 | €211,524 | +€6,844 | +3.3% |
| Operating profit (loss) | 9901 | €95,077 | €77,153 | -€17,924 | -18.9% |
| Financial income | 75/76B | €7,267 | €7,267 | = | 0.0% |
| Recurring financial income | 75 | €7,267 | €7,267 | = | 0.0% |
| Financial charges | 65/66B | €179,663 | €69,237 | -€110,426 | -61.5% |
| Recurring financial charges | 65 | €98,949 | €69,237 | -€29,712 | -30.0% |
| Non-recurring financial charges | 66B | €80,714 | - | -€80,714 | |
| Profit (loss) for the period before taxes | 9903 | -€77,319 | €15,183 | +€92,501 | |
| Transfer from deferred taxes | 780 | €5,487 | €5,487 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€71,832 | €20,670 | +€92,501 | |
| Transfer from tax-exempt reserves | 789 | €16,460 | €16,460 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,371 | €37,130 | +€92,501 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.