ASOTEP's: 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's
Largest movements
- Tangible fixed assets -€51,032
down €51,032 (-7.9%), from €642,384 to €591,352
of which Land and buildings: -€25,650
- Receivables within one year +€44,698
up €44,698 (+15.9%), from €280,940 to €325,638
of which Other amounts receivable: +€47,362
- Cash -€32,198
down €32,198 (-39.4%), from €81,657 to €49,459
mainly Debts after one year (-€55,704) and Receivables within one year (-€44,698)
- Debts after one year -€55,704
down €55,704 (-24.5%), from €227,039 to €171,335
- Reserves +€26,105
up €26,105 (+5.8%), from €452,134 to €478,239
of which Distributable reserves: +€26,105
- Current portion of long-term debt -€20,225
down €20,225 (-26.6%), from €75,929 to €55,704
- Other debts +€14,384
up €14,384 (+6.6%), from €217,809 to €232,193
- Gross operating margin +€56,864
up €56,864 (+62.6%), from €90,784 to €147,648
- Taxes +€15,804
up €15,804 (+231%), from €6,836 to €22,640
- Financial charges -€3,253
down €3,253 (-11.8%), from €27,572 to €24,319
- Financial income -€2,207
down €2,207 (-13.5%), from €16,367 to €14,160
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 | €1,009,664 | €971,034 | -€38,630 | -3.8% |
| Fixed assets | 21/28 | €643,734 | €592,702 | -€51,032 | -7.9% |
| Tangible fixed assets | 22/27 | €642,384 | €591,352 | -€51,032 | -7.9% |
| Land and buildings | 22 | €544,589 | €518,940 | -€25,650 | -4.7% |
| Plant, machinery and equipment | 23 | €18,002 | €14,932 | -€3,070 | -17.1% |
| Furniture and vehicles | 24 | €79,792 | €57,480 | -€22,312 | -28.0% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €365,931 | €378,333 | +€12,402 | +3.4% |
| Amounts receivable within one year | 40/41 | €280,940 | €325,638 | +€44,698 | +15.9% |
| Trade receivables | 40 | €33,479 | €30,815 | -€2,664 | -8.0% |
| Other amounts receivable | 41 | €247,462 | €294,824 | +€47,362 | +19.1% |
| Cash at bank and in hand | 54/58 | €81,657 | €49,459 | -€32,198 | -39.4% |
| Deferred charges and accrued income | 490/1 | €3,334 | €3,236 | -€98 | -2.9% |
| Total equity and liabilities | 10/49 | €1,009,664 | €971,034 | -€38,630 | -3.8% |
| Equity | 10/15 | €470,734 | €496,839 | +€26,105 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €452,134 | €478,239 | +€26,105 | +5.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €431,524 | €457,629 | +€26,105 | +6.0% |
| Amounts payable | 17/49 | €538,930 | €474,195 | -€64,735 | -12.0% |
| Amounts payable after more than one year | 17 | €227,039 | €171,335 | -€55,704 | -24.5% |
| Financial debts | 170/4 | €227,039 | €171,335 | -€55,704 | -24.5% |
| Amounts payable within one year | 42/48 | €311,891 | €297,272 | -€14,619 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €75,929 | €55,704 | -€20,225 | -26.6% |
| Trade debts | 44 | €8,110 | €5,887 | -€2,223 | -27.4% |
| Suppliers | 440/4 | €8,110 | €5,887 | -€2,223 | -27.4% |
| Taxes, remuneration and social security | 45 | €10,043 | €3,488 | -€6,555 | -65.3% |
| Taxes | 450/3 | €10,043 | €3,488 | -€6,555 | -65.3% |
| Other amounts payable | 47/48 | €217,809 | €232,193 | +€14,384 | +6.6% |
| Accrued charges and deferred income | 492/3 | - | €5,588 | +€5,588 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,985 | €53,157 | +€172 | +0.3% |
| Other operating charges | 640/8 | €5,681 | €6,055 | +€373 | +6.6% |
| Gross operating margin | 9900 | €90,784 | €147,648 | +€56,864 | +62.6% |
| Operating profit (loss) | 9901 | €32,118 | €88,436 | +€56,318 | +175% |
| Financial income | 75/76B | €16,367 | €14,160 | -€2,207 | -13.5% |
| Recurring financial income | 75 | €16,367 | €14,160 | -€2,207 | -13.5% |
| Financial charges | 65/66B | €27,572 | €24,319 | -€3,253 | -11.8% |
| Recurring financial charges | 65 | €27,572 | €24,319 | -€3,253 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €20,913 | €78,277 | +€57,364 | +274% |
| Income taxes | 67/77 | €6,836 | €22,640 | +€15,804 | +231% |
| Profit (loss) for the period | 9904 | €14,077 | €55,637 | +€41,560 | +295% |
| Profit (loss) for the period to be appropriated | 9905 | €14,077 | €55,637 | +€41,560 | +295% |
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 15 October 2026 via checked.be.