ASV Belgium: 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.
ASV Belgium
Largest movements
- Stocks and contracts +€29,671
up €29,671 (+55.5%), from €53,480 to €83,151
- Cash +€4,022
up €4,022 (+1,226%), from €328 to €4,350
mainly Tax, wage and social debts (+€27,266) and Net result for the year (+€3,103)
- Tax, wage and social debts +€27,266
up €27,266 (+77.1%), from €35,342 to €62,608
of which Remuneration and social security: +€25,300
- Profit (loss) carried forward +€3,103
up €3,103 (+5.1%), from -€61,417 to -€58,315
- Other debts +€2,011
up €2,011 (+3.4%), from €59,394 to €61,405
- Gross operating margin +€48,068
up €48,068, from -€44,228 to €3,840
- Other operating charges -€4,872
no longer reported in 2025 (was €4,872)
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 | €56,834 | €90,072 | +€33,237 | +58.5% |
| Fixed assets | 21/28 | €3,027 | €2,479 | -€548 | -18.1% |
| Tangible fixed assets | 22/27 | €1,527 | €979 | -€548 | -35.9% |
| Plant, machinery and equipment | 23 | €1,527 | €979 | -€548 | -35.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €53,808 | €87,593 | +€33,785 | +62.8% |
| Stocks and contracts in progress | 3 | €53,480 | €83,151 | +€29,671 | +55.5% |
| Stocks | 30/36 | €53,480 | €83,151 | +€29,671 | +55.5% |
| Amounts receivable within one year | 40/41 | - | €92 | +€92 | |
| Trade receivables | 40 | - | €92 | +€92 | |
| Cash at bank and in hand | 54/58 | €328 | €4,350 | +€4,022 | +1,226% |
| Total equity and liabilities | 10/49 | €56,834 | €90,072 | +€33,237 | +58.5% |
| Equity | 10/15 | -€55,217 | -€52,115 | +€3,103 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,417 | -€58,315 | +€3,103 | +5.1% |
| Amounts payable | 17/49 | €112,052 | €142,186 | +€30,134 | +26.9% |
| Amounts payable within one year | 42/48 | €112,052 | €142,186 | +€30,134 | +26.9% |
| Trade debts | 44 | €17,315 | €18,173 | +€858 | +5.0% |
| Suppliers | 440/4 | €17,315 | €18,173 | +€858 | +5.0% |
| Taxes, remuneration and social security | 45 | €35,342 | €62,608 | +€27,266 | +77.1% |
| Taxes | 450/3 | €142 | €2,108 | +€1,966 | +1,382% |
| Remuneration and social security | 454/9 | €35,200 | €60,500 | +€25,300 | +71.9% |
| Other amounts payable | 47/48 | €59,394 | €61,405 | +€2,011 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €548 | €548 | = | 0.0% |
| Other operating charges | 640/8 | €4,872 | - | -€4,872 | |
| Non-recurring operating charges | 66A | €300 | - | -€300 | |
| Gross operating margin | 9900 | -€44,228 | €3,840 | +€48,068 | |
| Operating profit (loss) | 9901 | -€49,948 | €3,292 | +€53,240 | |
| Financial charges | 65/66B | €138 | €189 | +€51 | +37.3% |
| Recurring financial charges | 65 | €138 | €189 | +€51 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | -€50,086 | €3,103 | +€53,189 | |
| Profit (loss) for the period | 9904 | -€50,086 | €3,103 | +€53,189 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,086 | €3,103 | +€53,189 |
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 1 November 2026 via checked.be.