ASPAC International: what changed
What changed
ASPAC International
NACE 46.130, Agents in the wholesale of timber and building materials
filed annual accounts (NBB)
Net result for the year
-€119,200
2024 · -€1.5m+€1.4m
Equity
€8.2m
2024 · €8.3m-€119,200
Cash
€530,824
2024 · €1.6m-€1.0m
Balance sheet total
€29.1m
2024 · €29.1m+€40,399
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+5.5%), from €21.7m to €22.9m
of which Trade receivables: +€4.2m
- Cash -€1.0m
down €1.0m (-65.8%), from €1.6m to €530,824
mainly Trade debts (-€3.4m) and Advances received (-€1.6m)
Equity and liabilities
- Short-term financial debts +€4.3m
up €4.3m (+61.9%), from €7.0m to €11.3m
- Trade debts -€3.4m
down €3.4m (-40.1%), from €8.5m to €5.1m
- Advances received -€1.6m
down €1.6m (-67.8%), from €2.3m to €755,373
- Other debts +€1.0m
up €1.0m (+57.8%), from €1.8m to €2.8m
Income statement
- Turnover -€23.5m
down €23.5m (-58.3%), from €40.3m to €16.8m
- Goods and materials -€14.0m
down €14.0m (-50.5%), from €27.7m to €13.7m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1.5m
Turnover
-€23.5m
Other operating income
-€26,205
Goods and materials
+€14.0m
Services and other goods
+€178,535
Staff costs
+€43,592
Depreciation
-€11,754
Other operating charges
-€30,857
Other operating items
+€10.7m
Financial income
-€56,247
Financial charges
+€64,683
Taxes
-€8,148
Result 2025
-€119,200
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€5.2m
Investment
-€25,544
Financing
+€4.2m
Cash 2024
€1.6m
From operations (derived)
-€5.2m
Net result for the year
-€119,200
Depreciation
+€266,518
Receivables after one year
+€4,975
Stocks and contracts
-€153,589
Receivables within one year
-€1.2m
Deferred charges and accrued income
+€45,251
Trade debts
-€3.4m
Tax, wage and social debts
-€64,688
Advances received
-€1.6m
Other debts
+€1.0m
Accrued charges and deferred income
-€54,946
Investment (derived)
-€25,544
Investment in fixed assets (net)
-€25,544
Financing
+€4.2m
Debts after one year
-€107,155
Current portion of long-term debt
+€48,342
Short-term financial debts
+€4.3m
Cash 2025
€530,824
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,051,469 | €29,091,868 | +€40,399 | +0.1% |
| Fixed assets | 21/28 | €3,449,254 | €3,208,280 | -€240,974 | -7.0% |
| Intangible fixed assets | 21 | €1,523 | €646 | -€877 | -57.6% |
| Tangible fixed assets | 22/27 | €3,327,731 | €3,087,634 | -€240,098 | -7.2% |
| Land and buildings | 22 | €2,913,038 | €2,774,850 | -€138,188 | -4.7% |
| Furniture and vehicles | 24 | €414,582 | €312,680 | -€101,902 | -24.6% |
| Other tangible fixed assets | 26 | €112 | €104 | -€8 | -6.8% |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Affiliated companies | 280/1 | €120,000 | €120,000 | = | 0.0% |
| Participating interests | 280 | €120,000 | €120,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €25,602,215 | €25,883,588 | +€281,373 | +1.1% |
| Amounts receivable after more than one year | 29 | €4,975 | €0 | -€4,975 | -100% |
| Other amounts receivable | 291 | €4,975 | €0 | -€4,975 | -100% |
| Stocks and contracts in progress | 3 | €2,110,615 | €2,264,204 | +€153,589 | +7.3% |
| Contracts in progress | 37 | €2,110,615 | €2,264,204 | +€153,589 | +7.3% |
| Amounts receivable within one year | 40/41 | €21,746,180 | €22,944,108 | +€1.2m | +5.5% |
| Trade receivables | 40 | €18,716,538 | €22,882,362 | +€4.2m | +22.3% |
| Other amounts receivable | 41 | €3,029,642 | €61,745 | -€3.0m | -98.0% |
| Cash at bank and in hand | 54/58 | €1,550,742 | €530,824 | -€1.0m | -65.8% |
| Deferred charges and accrued income | 490/1 | €189,704 | €144,453 | -€45,251 | -23.9% |
| Total equity and liabilities | 10/49 | €29,051,469 | €29,091,868 | +€40,399 | +0.1% |
| Equity | 10/15 | €8,323,812 | €8,204,612 | -€119,200 | -1.4% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €962,400 | €794,000 | -€168,400 | -17.5% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Other | 1319 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €168,400 | €0 | -€168,400 | -100% |
| Distributable reserves | 133 | €744,000 | €744,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,861,412 | €6,910,612 | +€49,200 | +0.7% |
| Amounts payable | 17/49 | €20,727,658 | €20,887,257 | +€159,599 | +0.8% |
| Amounts payable after more than one year | 17 | €837,736 | €730,582 | -€107,155 | -12.8% |
| Financial debts | 170/4 | €837,736 | €730,582 | -€107,155 | -12.8% |
| Credit institutions | 173 | €837,736 | €730,582 | -€107,155 | -12.8% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €19,808,751 | €20,130,451 | +€321,700 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €130,574 | €178,916 | +€48,342 | +37.0% |
| Financial debts | 43 | €6,950,000 | €11,252,053 | +€4.3m | +61.9% |
| Credit institutions | 430/8 | €6,950,000 | €11,252,053 | +€4.3m | +61.9% |
| Trade debts | 44 | €8,477,708 | €5,074,022 | -€3.4m | -40.1% |
| Suppliers | 440/4 | €8,477,708 | €5,074,022 | -€3.4m | -40.1% |
| Advances received on contracts in progress | 46 | €2,343,342 | €755,373 | -€1.6m | -67.8% |
| Taxes, remuneration and social security | 45 | €129,378 | €64,690 | -€64,688 | -50.0% |
| Taxes | 450/3 | €79,551 | €28,439 | -€51,111 | -64.3% |
| Remuneration and social security | 454/9 | €49,827 | €36,251 | -€13,577 | -27.2% |
| Other amounts payable | 47/48 | €1,777,748 | €2,805,396 | +€1.0m | +57.8% |
| Accrued charges and deferred income | 492/3 | €81,170 | €26,224 | -€54,946 | -67.7% |
| Operating income | 70/76A | €29,618,787 | €16,856,816 | -€12.8m | -43.1% |
| Turnover | 70 | €40,291,536 | €16,814,009 | -€23.5m | -58.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€10,826,768 | -€85,007 | +€10.7m | +99.2% |
| Other operating income | 74 | €154,019 | €127,814 | -€26,205 | -17.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €30,457,049 | €16,310,011 | -€14.1m | -46.4% |
| Goods for resale, raw materials and consumables | 60 | €27,676,093 | €13,708,571 | -€14.0m | -50.5% |
| Purchases | 600/8 | €27,676,093 | €13,708,571 | -€14.0m | -50.5% |
| Services and other goods | 61 | €1,650,003 | €1,471,467 | -€178,535 | -10.8% |
| Remuneration, social security and pensions | 62 | €860,809 | €817,217 | -€43,592 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254,764 | €266,518 | +€11,754 | +4.6% |
| Other operating charges | 640/8 | €15,381 | €46,238 | +€30,857 | +201% |
| Operating profit (loss) | 9901 | -€838,262 | €546,805 | +€1.4m | |
| Financial income | 75/76B | €61,255 | €5,008 | -€56,247 | -91.8% |
| Recurring financial income | 75 | €61,255 | €5,008 | -€56,247 | -91.8% |
| Income from current assets | 751 | €719 | €1 | -€719 | -99.9% |
| Other financial income | 752/9 | €60,535 | €5,007 | -€55,528 | -91.7% |
| Financial charges | 65/66B | €720,528 | €655,845 | -€64,683 | -9.0% |
| Recurring financial charges | 65 | €720,528 | €655,845 | -€64,683 | -9.0% |
| Debt charges | 650 | €364,339 | €395,357 | +€31,019 | +8.5% |
| Other financial charges | 652/9 | €356,189 | €260,487 | -€95,702 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,497,534 | -€104,032 | +€1.4m | +93.1% |
| Income taxes | 67/77 | €7,020 | €15,168 | +€8,148 | +116% |
| Taxes | 670/3 | €12,476 | €15,252 | +€2,776 | +22.3% |
| Tax adjustments and reversals of tax provisions | 77 | €5,455 | €84 | -€5,371 | -98.5% |
| Profit (loss) for the period | 9904 | -€1,504,555 | -€119,200 | +€1.4m | +92.1% |
| Transfer from tax-exempt reserves | 789 | €168,400 | €168,400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,336,155 | €49,200 | +€1.4m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.