ASM INVEST: what changed
ASM INVEST
Largest movements
- Deferred charges and accrued income -€250,000
down €250,000 (-100%), from €250,000 to €0
- Cash -€22,535
down €22,535 (-57.9%), from €38,940 to €16,405
mainly Contributions, distributions and other (-€292,076) and Other debts (-€72,736)
- Reserves -€245,536
down €245,536 (-100%), from €245,536 to €0
- Other debts -€72,736
down €72,736 (-16.8%), from €431,737 to €359,001
- Tax, wage and social debts +€43,811
new in 2025: €43,811
- Financial income -€400,000
down €400,000 (-88.9%), from €450,000 to €50,000
- Gross operating margin -€448
down €448 (-17.2%), from -€2,602 to -€3,050
- Financial charges +€223
up €223 (+227%), from €98 to €321
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 | €696,523 | €422,488 | -€274,035 | -39.3% |
| Fixed assets | 21/28 | €219,396 | €219,396 | = | 0.0% |
| Tangible fixed assets | 22/27 | €26,896 | €26,896 | = | 0.0% |
| Land and buildings | 22 | €26,896 | €26,896 | = | 0.0% |
| Financial fixed assets | 28 | €192,500 | €192,500 | = | 0.0% |
| Current assets | 29/58 | €477,127 | €203,092 | -€274,035 | -57.4% |
| Amounts receivable within one year | 40/41 | €188,187 | €186,687 | -€1,500 | -0.8% |
| Other amounts receivable | 41 | €188,187 | €186,687 | -€1,500 | -0.8% |
| Cash at bank and in hand | 54/58 | €38,940 | €16,405 | -€22,535 | -57.9% |
| Deferred charges and accrued income | 490/1 | €250,000 | €0 | -€250,000 | -100% |
| Total equity and liabilities | 10/49 | €696,523 | €422,488 | -€274,035 | -39.3% |
| Equity | 10/15 | €264,136 | €18,600 | -€245,536 | -93.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €245,536 | €0 | -€245,536 | -100% |
| Distributable reserves | 133 | €245,536 | €0 | -€245,536 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €432,388 | €403,888 | -€28,500 | -6.6% |
| Amounts payable within one year | 42/48 | €432,388 | €403,888 | -€28,500 | -6.6% |
| Trade debts | 44 | €650 | €1,075 | +€425 | +65.3% |
| Suppliers | 440/4 | €650 | €1,075 | +€425 | +65.3% |
| Taxes, remuneration and social security | 45 | - | €43,811 | +€43,811 | |
| Taxes | 450/3 | - | €43,811 | +€43,811 | |
| Other amounts payable | 47/48 | €431,737 | €359,001 | -€72,736 | -16.8% |
| Other operating charges | 640/8 | €88 | €89 | +€2 | +1.9% |
| Gross operating margin | 9900 | -€2,602 | -€3,050 | -€448 | -17.2% |
| Operating profit (loss) | 9901 | -€2,689 | -€3,140 | -€450 | -16.7% |
| Financial income | 75/76B | €450,000 | €50,000 | -€400,000 | -88.9% |
| Recurring financial income | 75 | €450,000 | €50,000 | -€400,000 | -88.9% |
| Financial charges | 65/66B | €98 | €321 | +€223 | +227% |
| Recurring financial charges | 65 | €98 | €321 | +€223 | +227% |
| Profit (loss) for the period before taxes | 9903 | €447,213 | €46,540 | -€400,673 | -89.6% |
| Profit (loss) for the period | 9904 | €447,213 | €46,540 | -€400,673 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €447,213 | €46,540 | -€400,673 | -89.6% |
Next steps
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 3 November 2026 via checked.be.