ASRAFKO: 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.
ASRAFKO
Largest movements
- Receivables within one year +€13,999
new in 2025: €13,999
- Other debts +€82,591
new in 2025: €82,591
- Current portion of long-term debt -€72,948
down €72,948 (-83.0%), from €87,937 to €14,989
- Debts after one year -€44,183
down €44,183 (-10.9%), from €404,183 to €360,000
- Accrued charges and deferred income +€25,488
new in 2025: €25,488
- Reserves +€13,751
up €13,751 (+4.0%), from €340,572 to €354,323
of which Distributable reserves: +€13,751
- Financial income +€82,500
up €82,500 (+825.0%), from €10,000 to €92,500
- Financial charges +€26,741
up €26,741 (+17827186.7%), from €0 to €26,741
- Gross operating margin +€207
up €207 (+31.3%), from -€660 to -€453
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 | €959,507 | €964,128 | +€4,621 | +0.5% |
| Fixed assets | 21/28 | €950,000 | €950,000 | = | 0.0% |
| Financial fixed assets | 28 | €950,000 | €950,000 | = | 0.0% |
| Current assets | 29/58 | €9,507 | €14,128 | +€4,621 | +48.6% |
| Amounts receivable within one year | 40/41 | - | €13,999 | +€13,999 | |
| Other amounts receivable | 41 | - | €13,999 | +€13,999 | |
| Cash at bank and in hand | 54/58 | €9,507 | €129 | -€9,378 | -98.6% |
| Total equity and liabilities | 10/49 | €959,507 | €964,128 | +€4,621 | +0.5% |
| Equity | 10/15 | €467,220 | €481,060 | +€13,840 | +3.0% |
| Contributions | 10/11 | €11,777 | €11,777 | = | 0.0% |
| Reserves | 13 | €340,572 | €354,323 | +€13,751 | +4.0% |
| Tax-exempt reserves | 132 | €2,323 | €2,323 | = | 0.0% |
| Distributable reserves | 133 | €338,249 | €352,000 | +€13,751 | +4.1% |
| Profit (loss) carried forward | 14 | €114,871 | €114,960 | +€89 | +0.1% |
| Amounts payable | 17/49 | €492,287 | €483,068 | -€9,220 | -1.9% |
| Amounts payable after more than one year | 17 | €404,183 | €360,000 | -€44,183 | -10.9% |
| Financial debts | 170/4 | €404,183 | €360,000 | -€44,183 | -10.9% |
| Amounts payable within one year | 42/48 | €88,105 | €97,580 | +€9,475 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €87,937 | €14,989 | -€72,948 | -83.0% |
| Trade debts | 44 | €167 | - | -€167 | |
| Suppliers | 440/4 | €167 | - | -€167 | |
| Other amounts payable | 47/48 | - | €82,591 | +€82,591 | |
| Accrued charges and deferred income | 492/3 | - | €25,488 | +€25,488 | |
| Gross operating margin | 9900 | -€660 | -€453 | +€207 | +31.3% |
| Operating profit (loss) | 9901 | -€660 | -€453 | +€207 | +31.3% |
| Financial income | 75/76B | €10,000 | €92,500 | +€82,500 | +825.0% |
| Recurring financial income | 75 | €10,000 | €92,500 | +€82,500 | +825.0% |
| Financial charges | 65/66B | €0 | €26,741 | +€26,741 | +17827186.7% |
| Recurring financial charges | 65 | €0 | €26,741 | +€26,741 | +17827186.7% |
| Profit (loss) for the period before taxes | 9903 | €9,340 | €65,306 | +€55,966 | +599.2% |
| Profit (loss) for the period | 9904 | €9,340 | €65,306 | +€55,966 | +599.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,340 | €65,306 | +€55,966 | +599.2% |
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 6 October 2026 via checked.be.