ASMA: what changed
Two fiscal 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.
ASMA
Largest movements
- Cash +€43,673
up €43,673 (+89.7%), from €48,694 to €92,367
mainly Receivables within one year (+€24,578) and Net result for the year (+€21,609)
- Receivables within one year -€24,578
down €24,578 (-72.2%), from €34,036 to €9,458
- Reserves +€15,000
up €15,000 (+35.7%), from €41,960 to €56,960
of which Distributable reserves: +€15,000
- Profit (loss) carried forward +€6,609
up €6,609 (+72.6%), from €9,100 to €15,709
- Other debts -€4,474
down €4,474 (-50.3%), from €8,895 to €4,420
- Gross operating margin +€11,428
up €11,428 (+55.5%), from €20,600 to €32,028
- Taxes +€5,501
up €5,501 (+130.0%), from €4,232 to €9,733
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.
Cash bridge derived
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 | €83,508 | €101,825 | +€18,318 | +21.9% |
| Current assets | 29/58 | €83,508 | €101,825 | +€18,318 | +21.9% |
| Amounts receivable within one year | 40/41 | €34,036 | €9,458 | -€24,578 | -72.2% |
| Trade receivables | 40 | €34,036 | €9,458 | -€24,578 | -72.2% |
| Cash at bank and in hand | 54/58 | €48,694 | €92,367 | +€43,673 | +89.7% |
| Deferred charges and accrued income | 490/1 | €777 | - | -€777 | |
| Total equity and liabilities | 10/49 | €83,508 | €101,825 | +€18,318 | +21.9% |
| Equity | 10/15 | €57,260 | €78,869 | +€21,609 | +37.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,960 | €56,960 | +€15,000 | +35.7% |
| 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 | €40,100 | €55,100 | +€15,000 | +37.4% |
| Profit (loss) carried forward | 14 | €9,100 | €15,709 | +€6,609 | +72.6% |
| Amounts payable | 17/49 | €26,248 | €22,956 | -€3,292 | -12.5% |
| Amounts payable within one year | 42/48 | €26,248 | €22,956 | -€3,292 | -12.5% |
| Trade debts | 44 | €11,436 | €11,617 | +€181 | +1.6% |
| Suppliers | 440/4 | €11,436 | €11,617 | +€181 | +1.6% |
| Taxes, remuneration and social security | 45 | €5,918 | €6,919 | +€1,001 | +16.9% |
| Taxes | 450/3 | €5,918 | €6,919 | +€1,001 | +16.9% |
| Other amounts payable | 47/48 | €8,895 | €4,420 | -€4,474 | -50.3% |
| Other operating charges | 640/8 | €626 | €643 | +€17 | +2.7% |
| Gross operating margin | 9900 | €20,600 | €32,028 | +€11,428 | +55.5% |
| Operating profit (loss) | 9901 | €19,973 | €31,385 | +€11,411 | +57.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €40 | €42 | +€2 | +4.8% |
| Recurring financial charges | 65 | €40 | €42 | +€2 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €19,933 | €31,342 | +€11,409 | +57.2% |
| Income taxes | 67/77 | €4,232 | €9,733 | +€5,501 | +130.0% |
| Profit (loss) for the period | 9904 | €15,702 | €21,609 | +€5,908 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,702 | €21,609 | +€5,908 | +37.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.