ASOTEP: 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.
ASOTEP
Largest movements
- Cash +€1.0m
up €1.0m (+45.7%), from €2.2m to €3.3m
mainly Net result for the year (+€3.2m) and Receivables within one year (+€974,360)
- Receivables within one year -€974,360
down €974,360 (-26.8%), from €3.6m to €2.7m
of which Trade receivables: -€1.4m
- Trade debts -€410,317
down €410,317 (-21.9%), from €1.9m to €1.5m
- Other debts +€306,674
up €306,674 (+9.5%), from €3.2m to €3.5m
- Reserves +€200,335
up €200,335 (+58.6%), from €342,118 to €542,452
of which Distributable reserves: +€200,335
- Tax, wage and social debts +€68,626
up €68,626 (+9.5%), from €722,622 to €791,247
of which Taxes: +€123,691
- Gross operating margin +€1.6m
up €1.6m (+29.2%), from €5.5m to €7.1m
- Taxes +€271,850
up €271,850 (+97.6%), from €278,602 to €550,452
- Staff costs +€83,928
up €83,928 (+2.7%), from €3.1m to €3.2m
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.
Derived cash bridge
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 | €6,395,239 | €6,520,894 | +€125,655 | +2.0% |
| Fixed assets | 21/28 | €530,585 | €577,686 | +€47,101 | +8.9% |
| Tangible fixed assets | 22/27 | €494,145 | €541,246 | +€47,101 | +9.5% |
| Land and buildings | 22 | €271,741 | €363,030 | +€91,289 | +33.6% |
| Plant, machinery and equipment | 23 | €140,151 | €91,450 | -€48,701 | -34.7% |
| Furniture and vehicles | 24 | €82,252 | €86,766 | +€4,513 | +5.5% |
| Financial fixed assets | 28 | €36,440 | €36,440 | = | 0.0% |
| Current assets | 29/58 | €5,864,654 | €5,943,208 | +€78,554 | +1.3% |
| Amounts receivable within one year | 40/41 | €3,628,903 | €2,654,543 | -€974,360 | -26.8% |
| Trade receivables | 40 | €3,435,339 | €2,009,694 | -€1.4m | -41.5% |
| Other amounts receivable | 41 | €193,564 | €644,850 | +€451,286 | +233% |
| Cash at bank and in hand | 54/58 | €2,234,152 | €3,255,709 | +€1.0m | +45.7% |
| Deferred charges and accrued income | 490/1 | €1,599 | €32,956 | +€31,357 | +1,960% |
| Total equity and liabilities | 10/49 | €6,395,239 | €6,520,894 | +€125,655 | +2.0% |
| Equity | 10/15 | €460,873 | €661,207 | +€200,335 | +43.5% |
| Contributions | 10/11 | €118,755 | €118,755 | = | 0.0% |
| Capital | 10 | €118,755 | €118,755 | = | 0.0% |
| Issued capital | 100 | €118,755 | €118,755 | = | 0.0% |
| Reserves | 13 | €342,118 | €542,452 | +€200,335 | +58.6% |
| Non-distributable reserves | 130/1 | €11,876 | €11,876 | = | 0.0% |
| Legal reserve | 130 | €11,876 | €11,876 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,396 | €4,396 | = | 0.0% |
| Distributable reserves | 133 | €325,846 | €526,181 | +€200,335 | +61.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,934,366 | €5,859,687 | -€74,680 | -1.3% |
| Amounts payable after more than one year | 17 | €68,487 | €43,711 | -€24,776 | -36.2% |
| Financial debts | 170/4 | €68,487 | €43,711 | -€24,776 | -36.2% |
| Amounts payable within one year | 42/48 | €5,865,879 | €5,815,976 | -€49,904 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €54,654 | €39,768 | -€14,886 | -27.2% |
| Trade debts | 44 | €1,874,528 | €1,464,210 | -€410,317 | -21.9% |
| Suppliers | 440/4 | €1,874,528 | €1,464,210 | -€410,317 | -21.9% |
| Taxes, remuneration and social security | 45 | €722,622 | €791,247 | +€68,626 | +9.5% |
| Taxes | 450/3 | €303,980 | €427,671 | +€123,691 | +40.7% |
| Remuneration and social security | 454/9 | €418,642 | €363,576 | -€55,065 | -13.2% |
| Other amounts payable | 47/48 | €3,214,076 | €3,520,750 | +€306,674 | +9.5% |
| Remuneration, social security and pensions | 62 | €3,108,082 | €3,192,011 | +€83,928 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,657 | €154,998 | +€13,341 | +9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,779 | +€1,779 | |
| Other operating charges | 640/8 | €15,207 | €19,662 | +€4,455 | +29.3% |
| Gross operating margin | 9900 | €5,490,969 | €7,094,234 | +€1.6m | +29.2% |
| Operating profit (loss) | 9901 | €2,226,022 | €3,725,784 | +€1.5m | +67.4% |
| Financial income | 75/76B | €14,061 | €37,882 | +€23,820 | +169% |
| Recurring financial income | 75 | €14,061 | €37,882 | +€23,820 | +169% |
| Financial charges | 65/66B | €20,231 | €12,878 | -€7,353 | -36.3% |
| Recurring financial charges | 65 | €20,231 | €12,878 | -€7,353 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €2,219,853 | €3,750,787 | +€1.5m | +69.0% |
| Income taxes | 67/77 | €278,602 | €550,452 | +€271,850 | +97.6% |
| Profit (loss) for the period | 9904 | €1,941,251 | €3,200,335 | +€1.3m | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,941,251 | €3,200,335 | +€1.3m | +64.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.