ASMAOUI: what changed
Two financial 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.
ASMAOUI
Largest movements
- Cash -€102,879
down €102,879 (-74.9%), from €137,420 to €34,541
mainly Short-term financial debts (-€50,000) and Receivables within one year (-€42,459)
- Receivables within one year +€42,459
up €42,459 (+7.1%), from €598,857 to €641,316
of which Other amounts receivable: +€42,478
- Tangible fixed assets -€40,465
down €40,465 (-53.6%), from €75,440 to €34,975
of which Plant, machinery and equipment: -€35,007
- Deferred charges and accrued income +€39,375
up €39,375 (+63.9%), from €61,616 to €100,991
- Short-term financial debts -€50,000
no longer reported in 2024 (was €50,000)
- Current portion of long-term debt -€31,243
down €31,243 (-84.1%), from €37,146 to €5,902
- Reserves +€21,607
up €21,607 (+3.1%), from €686,424 to €708,031
of which Distributable reserves: +€21,607
- Gross operating margin -€109,144
down €109,144 (-71.0%), from €153,752 to €44,608
- Taxes -€30,941
down €30,941 (-67.6%), from €45,793 to €14,852
- Financial income +€7,598
up €7,598 (+24.7%), from €30,758 to €38,356
- Depreciation -€3,927
down €3,927 (-8.8%), from €44,392 to €40,465
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €873,333 | €811,823 | -€61,510 | -7.0% |
| Fixed assets | 21/28 | €75,440 | €34,975 | -€40,465 | -53.6% |
| Tangible fixed assets | 22/27 | €75,440 | €34,975 | -€40,465 | -53.6% |
| Plant, machinery and equipment | 23 | €36,793 | €1,786 | -€35,007 | -95.1% |
| Furniture and vehicles | 24 | €3,144 | €2,080 | -€1,064 | -33.8% |
| Other tangible fixed assets | 26 | €35,503 | €31,109 | -€4,394 | -12.4% |
| Current assets | 29/58 | €797,893 | €776,848 | -€21,045 | -2.6% |
| Amounts receivable within one year | 40/41 | €598,857 | €641,316 | +€42,459 | +7.1% |
| Trade receivables | 40 | €18 | - | -€18 | |
| Other amounts receivable | 41 | €598,838 | €641,316 | +€42,478 | +7.1% |
| Cash at bank and in hand | 54/58 | €137,420 | €34,541 | -€102,879 | -74.9% |
| Deferred charges and accrued income | 490/1 | €61,616 | €100,991 | +€39,375 | +63.9% |
| Total equity and liabilities | 10/49 | €873,333 | €811,823 | -€61,510 | -7.0% |
| Equity | 10/15 | €686,924 | €708,531 | +€21,607 | +3.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €686,424 | €708,031 | +€21,607 | +3.1% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €686,374 | €707,981 | +€21,607 | +3.1% |
| Amounts payable | 17/49 | €186,409 | €103,292 | -€83,117 | -44.6% |
| Amounts payable after more than one year | 17 | €3,556 | - | -€3,556 | |
| Financial debts | 170/4 | €3,556 | - | -€3,556 | |
| Amounts payable within one year | 42/48 | €150,359 | €66,983 | -€83,376 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | €37,146 | €5,902 | -€31,243 | -84.1% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €7,595 | €575 | -€7,020 | -92.4% |
| Suppliers | 440/4 | €7,595 | €575 | -€7,020 | -92.4% |
| Taxes, remuneration and social security | 45 | €55,618 | €60,506 | +€4,888 | +8.8% |
| Taxes | 450/3 | €55,618 | €60,506 | +€4,888 | +8.8% |
| Accrued charges and deferred income | 492/3 | €32,494 | €36,309 | +€3,815 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,392 | €40,465 | -€3,927 | -8.8% |
| Other operating charges | 640/8 | €1,486 | €1,759 | +€273 | +18.4% |
| Gross operating margin | 9900 | €153,752 | €44,608 | -€109,144 | -71.0% |
| Operating profit (loss) | 9901 | €107,874 | €2,385 | -€105,489 | -97.8% |
| Financial income | 75/76B | €30,758 | €38,356 | +€7,598 | +24.7% |
| Recurring financial income | 75 | €30,758 | €38,356 | +€7,598 | +24.7% |
| Financial charges | 65/66B | €4,101 | €4,282 | +€181 | +4.4% |
| Recurring financial charges | 65 | €4,101 | €4,282 | +€181 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €134,531 | €36,459 | -€98,071 | -72.9% |
| Income taxes | 67/77 | €45,793 | €14,852 | -€30,941 | -67.6% |
| Profit (loss) for the period | 9904 | €88,738 | €21,607 | -€67,131 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,738 | €21,607 | -€67,131 | -75.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.