ASNAISE: 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.
ASNAISE
Largest movements
- Stocks and contracts -€12,589
down €12,589 (-21.5%), from €58,538 to €45,949
- Receivables within one year +€4,580
up €4,580 (+48.2%), from €9,504 to €14,083
of which Trade receivables: +€4,590
- Cash -€3,701
down €3,701 (-27.2%), from €13,605 to €9,904
mainly Net result for the year (-€18,857) and Receivables within one year (-€4,580)
- Intangible fixed assets -€1,440
down €1,440 (-66.8%), from €2,154 to €714
- Deferred charges and accrued income -€985
no longer reported in 2025 (was €985)
- Profit (loss) carried forward -€18,857
down €18,857 (-167.7%), from -€11,246 to -€30,103
- Other debts +€3,000
up €3,000 (+3.9%), from €77,236 to €80,236
- Tax, wage and social debts +€2,006
new in 2025: €2,006
- Depreciation +€4,612
new in 2025: €4,612
- Write-downs -€4,478
no longer reported in 2025 (was €4,478)
- Gross operating margin +€1,805
up €1,805 (+11.8%), from -€15,286 to -€13,481
- Other operating charges -€968
down €968 (-57.8%), from €1,674 to €706
- Financial charges -€182
down €182 (-58.6%), from €310 to €128
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 | €90,911 | €76,183 | -€14,728 | -16.2% |
| Formation expenses | 20 | €28 | - | -€28 | |
| Fixed assets | 21/28 | €8,251 | €6,246 | -€2,005 | -24.3% |
| Intangible fixed assets | 21 | €2,154 | €714 | -€1,440 | -66.8% |
| Tangible fixed assets | 22/27 | €5,797 | €5,532 | -€265 | -4.6% |
| Plant, machinery and equipment | 23 | €3,870 | €3,685 | -€184 | -4.8% |
| Furniture and vehicles | 24 | €1,927 | €1,847 | -€81 | -4.2% |
| Financial fixed assets | 28 | €300 | - | -€300 | |
| Current assets | 29/58 | €82,632 | €69,937 | -€12,695 | -15.4% |
| Stocks and contracts in progress | 3 | €58,538 | €45,949 | -€12,589 | -21.5% |
| Stocks | 30/36 | €58,538 | €45,949 | -€12,589 | -21.5% |
| Amounts receivable within one year | 40/41 | €9,504 | €14,083 | +€4,580 | +48.2% |
| Trade receivables | 40 | €1,716 | €6,306 | +€4,590 | +267.5% |
| Other amounts receivable | 41 | €7,788 | €7,778 | -€10 | -0.1% |
| Cash at bank and in hand | 54/58 | €13,605 | €9,904 | -€3,701 | -27.2% |
| Deferred charges and accrued income | 490/1 | €985 | - | -€985 | |
| Total equity and liabilities | 10/49 | €90,911 | €76,183 | -€14,728 | -16.2% |
| Equity | 10/15 | -€9,816 | -€28,673 | -€18,857 | -192.1% |
| Contributions | 10/11 | €1,430 | €1,430 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,246 | -€30,103 | -€18,857 | -167.7% |
| Amounts payable | 17/49 | €100,727 | €104,856 | +€4,129 | +4.1% |
| Amounts payable within one year | 42/48 | €100,727 | €104,856 | +€4,129 | +4.1% |
| Trade debts | 44 | €23,491 | €22,614 | -€877 | -3.7% |
| Suppliers | 440/4 | €23,491 | €22,614 | -€877 | -3.7% |
| Taxes, remuneration and social security | 45 | - | €2,006 | +€2,006 | |
| Taxes | 450/3 | - | €2,006 | +€2,006 | |
| Other amounts payable | 47/48 | €77,236 | €80,236 | +€3,000 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,612 | +€4,612 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,478 | - | -€4,478 | |
| Other operating charges | 640/8 | €1,674 | €706 | -€968 | -57.8% |
| Gross operating margin | 9900 | -€15,286 | -€13,481 | +€1,805 | +11.8% |
| Operating profit (loss) | 9901 | -€21,439 | -€18,800 | +€2,639 | +12.3% |
| Financial income | 75/76B | - | €71 | +€71 | |
| Recurring financial income | 75 | - | €71 | +€71 | |
| Financial charges | 65/66B | €310 | €128 | -€182 | -58.6% |
| Recurring financial charges | 65 | €310 | €128 | -€182 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,749 | -€18,857 | +€2,892 | +13.3% |
| Income taxes | 67/77 | €70 | - | -€70 | |
| Profit (loss) for the period | 9904 | -€21,819 | -€18,857 | +€2,962 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,819 | -€18,857 | +€2,962 | +13.6% |
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 3 October 2026 via checked.be.