ASM RD Invest: what changed
ASM RD Invest
Largest movements
- Financial fixed assets +€105,400
up €105,400 (+1,475%), from €7,144 to €112,544
- Cash -€28,507
down €28,507 (-97.2%), from €29,334 to €827
mainly Contributions, distributions and other (-€111,417) and Investment in fixed assets (net) (-€105,400)
- Receivables within one year -€11,027
down €11,027 (-97.7%), from €11,292 to €265
of which Trade receivables: -€9,185
- Current investments -€6,477
down €6,477 (-31.7%), from €20,405 to €13,928
- Deferred charges and accrued income +€1,360
up €1,360 (+79.8%), from €1,705 to €3,065
- Other debts +€96,238
up €96,238 (+34,511%), from €279 to €96,517
- Profit (loss) carried forward -€59,306
down €59,306 (-100%), from €59,306 to €0
- Reserves +€15,000
new in 2025: €15,000
- Tax, wage and social debts +€4,832
up €4,832 (+53.3%), from €9,072 to €13,904
- Current portion of long-term debt +€1,886
new in 2025: €1,886
- Gross operating margin +€30,602
up €30,602 (+84.2%), from €36,326 to €66,928
- Financial income +€17,805
up €17,805 (+1,476%), from €1,206 to €19,011
- Taxes +€7,164
up €7,164 (+78.1%), from €9,168 to €16,332
- Financial charges +€1,337
up €1,337 (+1,229%), from €109 to €1,446
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 | €71,253 | €131,200 | +€59,947 | +84.1% |
| Fixed assets | 21/28 | €8,516 | €113,115 | +€104,599 | +1,228% |
| Tangible fixed assets | 22/27 | €1,372 | €571 | -€801 | -58.4% |
| Plant, machinery and equipment | 23 | €1,372 | €571 | -€801 | -58.4% |
| Financial fixed assets | 28 | €7,144 | €112,544 | +€105,400 | +1,475% |
| Current assets | 29/58 | €62,737 | €18,085 | -€44,652 | -71.2% |
| Amounts receivable within one year | 40/41 | €11,292 | €265 | -€11,027 | -97.7% |
| Trade receivables | 40 | €9,450 | €265 | -€9,185 | -97.2% |
| Other amounts receivable | 41 | €1,842 | €0 | -€1,842 | -100% |
| Current investments | 50/53 | €20,405 | €13,928 | -€6,477 | -31.7% |
| Cash at bank and in hand | 54/58 | €29,334 | €827 | -€28,507 | -97.2% |
| Deferred charges and accrued income | 490/1 | €1,705 | €3,065 | +€1,360 | +79.8% |
| Total equity and liabilities | 10/49 | €71,253 | €131,200 | +€59,947 | +84.1% |
| Equity | 10/15 | €61,806 | €17,500 | -€44,306 | -71.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €15,000 | +€15,000 | |
| Distributable reserves | 133 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | €59,306 | €0 | -€59,306 | -100% |
| Amounts payable | 17/49 | €9,447 | €113,700 | +€104,253 | +1,104% |
| Amounts payable within one year | 42/48 | €9,351 | €112,380 | +€103,029 | +1,102% |
| Current portion of amounts payable after more than one year | 42 | - | €1,886 | +€1,886 | |
| Trade debts | 44 | €0 | €73 | +€73 | |
| Suppliers | 440/4 | €0 | €73 | +€73 | |
| Taxes, remuneration and social security | 45 | €9,072 | €13,904 | +€4,832 | +53.3% |
| Taxes | 450/3 | €9,072 | €13,904 | +€4,832 | +53.3% |
| Other amounts payable | 47/48 | €279 | €96,517 | +€96,238 | +34,511% |
| Accrued charges and deferred income | 492/3 | €96 | €1,320 | +€1,224 | +1,274% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €715 | €801 | +€86 | +12.0% |
| Other operating charges | 640/8 | €235 | €249 | +€14 | +6.1% |
| Gross operating margin | 9900 | €36,326 | €66,928 | +€30,602 | +84.2% |
| Operating profit (loss) | 9901 | €35,376 | €65,878 | +€30,502 | +86.2% |
| Financial income | 75/76B | €1,206 | €19,011 | +€17,805 | +1,476% |
| Recurring financial income | 75 | €1,206 | €19,011 | +€17,805 | +1,476% |
| Financial charges | 65/66B | €109 | €1,446 | +€1,337 | +1,229% |
| Recurring financial charges | 65 | €109 | €1,446 | +€1,337 | +1,229% |
| Profit (loss) for the period before taxes | 9903 | €36,474 | €83,443 | +€46,969 | +129% |
| Income taxes | 67/77 | €9,168 | €16,332 | +€7,164 | +78.1% |
| Profit (loss) for the period | 9904 | €27,306 | €67,111 | +€39,806 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €27,306 | €67,111 | +€39,806 | +146% |
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 5 November 2026 via checked.be.