ASM INVEST: what changed
ASM INVEST
Largest movements
- Receivables within one year +€575,731
up €575,731 (+73.8%), from €780,088 to €1.4m
of which Trade receivables: +€495,516
- Deferred charges and accrued income -€386,473
down €386,473 (-99.9%), from €387,005 to €532
- Cash +€282,403
up €282,403 (+85.4%), from €330,792 to €613,194
mainly Net result for the year (+€491,705) and Deferred charges and accrued income (+€386,473)
- Tangible fixed assets -€66,264
down €66,264 (-6.0%), from €1.1m to €1.0m
of which Furniture and vehicles: -€50,161
- Reserves +€491,705
up €491,705 (+18.6%), from €2.6m to €3.1m
- Debts after one year -€122,785
down €122,785 (-53.7%), from €228,652 to €105,867
- Other debts +€104,039
up €104,039 (+234,586%), from €44 to €104,083
- Financial income +€120,465
up €120,465 (+31.5%), from €382,024 to €502,489
- Staff costs -€47,172
down €47,172 (-14.2%), from €332,759 to €285,587
- Gross operating margin -€34,512
down €34,512 (-7.3%), from €470,171 to €435,659
- Taxes +€18,300
up €18,300 (+41.2%), from €44,400 to €62,700
- Other operating charges -€5,514
down €5,514 (-32.5%), from €16,963 to €11,450
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,917,002 | €4,322,399 | +€405,397 | +10.3% |
| Fixed assets | 21/28 | €2,419,117 | €2,352,854 | -€66,264 | -2.7% |
| Tangible fixed assets | 22/27 | €1,102,646 | €1,036,382 | -€66,264 | -6.0% |
| Land and buildings | 22 | €1,003,406 | €972,672 | -€30,734 | -3.1% |
| Plant, machinery and equipment | 23 | - | €14,631 | +€14,631 | |
| Furniture and vehicles | 24 | €99,240 | €49,079 | -€50,161 | -50.5% |
| Financial fixed assets | 28 | €1,316,472 | €1,316,472 | = | 0.0% |
| Current assets | 29/58 | €1,497,884 | €1,969,545 | +€471,661 | +31.5% |
| Amounts receivable within one year | 40/41 | €780,088 | €1,355,819 | +€575,731 | +73.8% |
| Trade receivables | 40 | €335,604 | €831,120 | +€495,516 | +148% |
| Other amounts receivable | 41 | €444,483 | €524,698 | +€80,215 | +18.0% |
| Cash at bank and in hand | 54/58 | €330,792 | €613,194 | +€282,403 | +85.4% |
| Deferred charges and accrued income | 490/1 | €387,005 | €532 | -€386,473 | -99.9% |
| Total equity and liabilities | 10/49 | €3,917,002 | €4,322,399 | +€405,397 | +10.3% |
| Equity | 10/15 | €3,429,262 | €3,919,527 | +€490,265 | +14.3% |
| Contributions | 10/11 | €714,376 | €714,376 | = | 0.0% |
| Reserves | 13 | €2,645,908 | €3,137,613 | +€491,705 | +18.6% |
| Distributable reserves | 133 | €2,645,908 | €3,137,613 | +€491,705 | +18.6% |
| Profit (loss) carried forward | 14 | €29,618 | €29,618 | = | 0.0% |
| Investment grants | 15 | €39,360 | €37,920 | -€1,440 | -3.7% |
| Amounts payable | 17/49 | €487,740 | €402,871 | -€84,868 | -17.4% |
| Amounts payable after more than one year | 17 | €228,652 | €105,867 | -€122,785 | -53.7% |
| Financial debts | 170/4 | €228,652 | €105,867 | -€122,785 | -53.7% |
| Amounts payable within one year | 42/48 | €256,463 | €295,494 | +€39,031 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €121,282 | €122,067 | +€786 | +0.6% |
| Trade debts | 44 | €50,623 | €22,634 | -€27,989 | -55.3% |
| Suppliers | 440/4 | €50,623 | €22,634 | -€27,989 | -55.3% |
| Taxes, remuneration and social security | 45 | €84,514 | €46,709 | -€37,805 | -44.7% |
| Taxes | 450/3 | €44,400 | €11,781 | -€32,619 | -73.5% |
| Remuneration and social security | 454/9 | €40,114 | €34,928 | -€5,186 | -12.9% |
| Other amounts payable | 47/48 | €44 | €104,083 | +€104,039 | +234,586% |
| Accrued charges and deferred income | 492/3 | €2,624 | €1,510 | -€1,114 | -42.5% |
| Remuneration, social security and pensions | 62 | €332,759 | €285,587 | -€47,172 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,645 | €82,521 | -€124 | -0.2% |
| Other operating charges | 640/8 | €16,963 | €11,450 | -€5,514 | -32.5% |
| Gross operating margin | 9900 | €470,171 | €435,659 | -€34,512 | -7.3% |
| Operating profit (loss) | 9901 | €37,804 | €56,102 | +€18,297 | +48.4% |
| Financial income | 75/76B | €382,024 | €502,489 | +€120,465 | +31.5% |
| Recurring financial income | 75 | €382,024 | €502,489 | +€120,465 | +31.5% |
| Financial charges | 65/66B | €5,658 | €4,185 | -€1,473 | -26.0% |
| Recurring financial charges | 65 | €5,658 | €4,185 | -€1,473 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €414,170 | €554,405 | +€140,235 | +33.9% |
| Income taxes | 67/77 | €44,400 | €62,700 | +€18,300 | +41.2% |
| Profit (loss) for the period | 9904 | €369,770 | €491,705 | +€121,935 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €369,770 | €491,705 | +€121,935 | +33.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.