ASMARA: 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.
ASMARA
Largest movements
- Tangible fixed assets +€2,173
up €2,173 (+2.2%), from €100,463 to €102,636
of which Furniture and vehicles: +€22,548
- Profit (loss) carried forward -€14,946
down €14,946 (-7.0%), from -€213,875 to -€228,821
- Other debts +€12,536
up €12,536 (+13.3%), from €94,169 to €106,706
- Debts after one year +€6,984
up €6,984 (+3.4%), from €204,016 to €211,000
of which Other amounts payable: +€15,000
- Current portion of long-term debt -€2,455
down €2,455 (-23.4%), from €10,471 to €8,016
- Depreciation +€4,611
up €4,611 (+20.2%), from €22,881 to €27,492
- Gross operating margin -€1,579
down €1,579 (-9.2%), from €17,073 to €15,494
- Financial charges -€202
down €202 (-19.0%), from €1,065 to €863
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 | €114,466 | €115,948 | +€1,482 | +1.3% |
| Fixed assets | 21/28 | €101,166 | €102,880 | +€1,713 | +1.7% |
| Intangible fixed assets | 21 | €703 | €243 | -€460 | -65.4% |
| Tangible fixed assets | 22/27 | €100,463 | €102,636 | +€2,173 | +2.2% |
| Plant, machinery and equipment | 23 | €20,644 | €17,179 | -€3,465 | -16.8% |
| Furniture and vehicles | 24 | €2,732 | €25,281 | +€22,548 | +825.2% |
| Other tangible fixed assets | 26 | €77,086 | €60,176 | -€16,910 | -21.9% |
| Current assets | 29/58 | €13,300 | €13,068 | -€231 | -1.7% |
| Amounts receivable within one year | 40/41 | €867 | €1,333 | +€466 | +53.7% |
| Trade receivables | 40 | €810 | €775 | -€35 | -4.3% |
| Other amounts receivable | 41 | €57 | €558 | +€501 | +878.7% |
| Cash at bank and in hand | 54/58 | €11,888 | €11,312 | -€576 | -4.8% |
| Deferred charges and accrued income | 490/1 | €545 | €423 | -€122 | -22.3% |
| Total equity and liabilities | 10/49 | €114,466 | €115,948 | +€1,482 | +1.3% |
| Equity | 10/15 | -€195,275 | -€210,221 | -€14,946 | -7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,875 | -€228,821 | -€14,946 | -7.0% |
| Amounts payable | 17/49 | €309,741 | €326,169 | +€16,428 | +5.3% |
| Amounts payable after more than one year | 17 | €204,016 | €211,000 | +€6,984 | +3.4% |
| Financial debts | 170/4 | €8,016 | - | -€8,016 | |
| Other amounts payable | 178/9 | €196,000 | €211,000 | +€15,000 | +7.7% |
| Amounts payable within one year | 42/48 | €105,725 | €115,169 | +€9,444 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €10,471 | €8,016 | -€2,455 | -23.4% |
| Trade debts | 44 | €732 | €448 | -€285 | -38.9% |
| Suppliers | 440/4 | €732 | €448 | -€285 | -38.9% |
| Taxes, remuneration and social security | 45 | €353 | - | -€353 | |
| Taxes | 450/3 | €353 | - | -€353 | |
| Other amounts payable | 47/48 | €94,169 | €106,706 | +€12,536 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,881 | €27,492 | +€4,611 | +20.2% |
| Other operating charges | 640/8 | €2,163 | €2,130 | -€33 | -1.5% |
| Gross operating margin | 9900 | €17,073 | €15,494 | -€1,579 | -9.2% |
| Operating profit (loss) | 9901 | -€7,972 | -€14,128 | -€6,156 | -77.2% |
| Financial income | 75/76B | €49 | €44 | -€5 | -9.5% |
| Recurring financial income | 75 | €49 | €44 | -€5 | -9.5% |
| Financial charges | 65/66B | €1,065 | €863 | -€202 | -19.0% |
| Recurring financial charges | 65 | €1,065 | €863 | -€202 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,988 | -€14,946 | -€5,958 | -66.3% |
| Profit (loss) for the period | 9904 | -€8,988 | -€14,946 | -€5,958 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,988 | -€14,946 | -€5,958 | -66.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.