ASMARKET: 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.
ASMARKET
Largest movements
- Stocks and contracts +€75,148
up €75,148 (+20.4%), from €367,628 to €442,776
- Receivables within one year -€70,596
down €70,596 (-63.1%), from €111,800 to €41,204
of which Trade receivables: -€73,993
- Cash +€63,631
up €63,631 (+28.2%), from €225,360 to €288,991
mainly Net result for the year (+€230,996) and Other debts (+€184,880)
- Tangible fixed assets -€63,615
down €63,615 (-10.5%), from €607,377 to €543,762
of which Plant, machinery and equipment: -€59,204
- Intangible fixed assets -€27,000
down €27,000 (-11.6%), from €233,079 to €206,079
- Other debts +€184,880
up €184,880 (+238.2%), from €77,610 to €262,490
- Debts after one year -€104,829
down €104,829 (-17.3%), from €604,361 to €499,532
- Tax, wage and social debts -€73,034
down €73,034 (-53.1%), from €137,432 to €64,397
of which Taxes: -€75,682
- Trade debts -€69,748
down €69,748 (-18.6%), from €375,210 to €305,462
- Profit (loss) carried forward +€30,996
up €30,996 (+63.7%), from €48,628 to €79,624
- Gross operating margin -€120,827
down €120,827 (-11.9%), from €1.0m to €895,166
- Taxes -€75,867
down €75,867 (-89.8%), from €84,524 to €8,658
- Other operating charges -€16,406
down €16,406 (-95.8%), from €17,131 to €726
- Depreciation +€15,414
up €15,414 (+18.9%), from €81,649 to €97,063
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,756,769 | €1,736,306 | -€20,464 | -1.2% |
| Fixed assets | 21/28 | €1,006,456 | €917,341 | -€89,115 | -8.9% |
| Intangible fixed assets | 21 | €233,079 | €206,079 | -€27,000 | -11.6% |
| Tangible fixed assets | 22/27 | €607,377 | €543,762 | -€63,615 | -10.5% |
| Plant, machinery and equipment | 23 | €592,443 | €533,239 | -€59,204 | -10.0% |
| Furniture and vehicles | 24 | €14,934 | €10,522 | -€4,411 | -29.5% |
| Financial fixed assets | 28 | €166,000 | €167,500 | +€1,500 | +0.9% |
| Current assets | 29/58 | €750,313 | €818,965 | +€68,651 | +9.1% |
| Stocks and contracts in progress | 3 | €367,628 | €442,776 | +€75,148 | +20.4% |
| Stocks | 30/36 | €367,628 | €442,776 | +€75,148 | +20.4% |
| Amounts receivable within one year | 40/41 | €111,800 | €41,204 | -€70,596 | -63.1% |
| Trade receivables | 40 | €111,400 | €37,407 | -€73,993 | -66.4% |
| Other amounts receivable | 41 | €400 | €3,797 | +€3,397 | +849.2% |
| Cash at bank and in hand | 54/58 | €225,360 | €288,991 | +€63,631 | +28.2% |
| Deferred charges and accrued income | 490/1 | €45,525 | €45,994 | +€469 | +1.0% |
| Total equity and liabilities | 10/49 | €1,756,769 | €1,736,306 | -€20,464 | -1.2% |
| Equity | 10/15 | €448,628 | €479,624 | +€30,996 | +6.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €200,000 | €200,000 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,628 | €79,624 | +€30,996 | +63.7% |
| Amounts payable | 17/49 | €1,308,141 | €1,256,681 | -€51,460 | -3.9% |
| Amounts payable after more than one year | 17 | €604,361 | €499,532 | -€104,829 | -17.3% |
| Financial debts | 170/4 | €604,361 | €499,532 | -€104,829 | -17.3% |
| Amounts payable within one year | 42/48 | €693,876 | €737,178 | +€43,302 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €103,624 | €104,829 | +€1,204 | +1.2% |
| Trade debts | 44 | €375,210 | €305,462 | -€69,748 | -18.6% |
| Suppliers | 440/4 | €375,210 | €305,462 | -€69,748 | -18.6% |
| Taxes, remuneration and social security | 45 | €137,432 | €64,397 | -€73,034 | -53.1% |
| Taxes | 450/3 | €86,850 | €11,169 | -€75,682 | -87.1% |
| Remuneration and social security | 454/9 | €50,581 | €53,229 | +€2,647 | +5.2% |
| Other amounts payable | 47/48 | €77,610 | €262,490 | +€184,880 | +238.2% |
| Accrued charges and deferred income | 492/3 | €9,904 | €19,971 | +€10,067 | +101.6% |
| Remuneration, social security and pensions | 62 | €506,924 | €507,582 | +€659 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,649 | €97,063 | +€15,414 | +18.9% |
| Other operating charges | 640/8 | €17,131 | €726 | -€16,406 | -95.8% |
| Gross operating margin | 9900 | €1,015,993 | €895,166 | -€120,827 | -11.9% |
| Operating profit (loss) | 9901 | €410,289 | €289,795 | -€120,494 | -29.4% |
| Financial income | 75/76B | €871 | €758 | -€113 | -13.0% |
| Recurring financial income | 75 | €871 | €758 | -€113 | -13.0% |
| Financial charges | 65/66B | €54,846 | €50,899 | -€3,946 | -7.2% |
| Recurring financial charges | 65 | €54,846 | €50,899 | -€3,946 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €356,314 | €239,654 | -€116,661 | -32.7% |
| Income taxes | 67/77 | €84,524 | €8,658 | -€75,867 | -89.8% |
| Profit (loss) for the period | 9904 | €271,790 | €230,996 | -€40,794 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €271,790 | €230,996 | -€40,794 | -15.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.