ASV KOBO: 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 KOBO
Largest movements
- Cash -€14,806
down €14,806 (-31.3%), from €47,237 to €32,431
mainly Contributions, distributions and other (-€30,968) and Net result for the year (-€7,094)
- Current investments -€14,020
down €14,020 (-48.4%), from €28,944 to €14,924
- Tangible fixed assets -€7,103
down €7,103 (-49.2%), from €14,434 to €7,331
of which Furniture and vehicles: -€3,624
- Deferred charges and accrued income -€1,227
down €1,227 (-91.3%), from €1,344 to €117
- Stocks and contracts -€1,103
down €1,103 (-19.3%), from €5,701 to €4,598
- Reserves -€38,062
down €38,062 (-46.2%), from €82,310 to €44,248
- Advances received -€1,706
down €1,706 (-100%), from €1,706 to €0
- Gross operating margin +€9,771
up €9,771 (+70.5%), from -€13,852 to -€4,081
- Depreciation -€4,185
down €4,185 (-37.1%), from €11,288 to €7,103
- Financial income +€1,412
up €1,412 (+34.5%), from €4,092 to €5,504
- Other operating charges +€213
up €213 (+30.2%), from €705 to €918
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 | €103,185 | €64,082 | -€39,104 | -37.9% |
| Fixed assets | 21/28 | €14,434 | €7,331 | -€7,103 | -49.2% |
| Tangible fixed assets | 22/27 | €14,434 | €7,331 | -€7,103 | -49.2% |
| Land and buildings | 22 | €3,215 | €2,713 | -€502 | -15.6% |
| Plant, machinery and equipment | 23 | €7,595 | €4,618 | -€2,977 | -39.2% |
| Furniture and vehicles | 24 | €3,624 | €0 | -€3,624 | -100% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €88,751 | €56,750 | -€32,001 | -36.1% |
| Stocks and contracts in progress | 3 | €5,701 | €4,598 | -€1,103 | -19.3% |
| Stocks | 30/36 | €5,701 | €4,598 | -€1,103 | -19.3% |
| Amounts receivable within one year | 40/41 | €5,524 | €4,680 | -€844 | -15.3% |
| Trade receivables | 40 | €1,410 | €646 | -€764 | -54.2% |
| Other amounts receivable | 41 | €4,114 | €4,034 | -€81 | -2.0% |
| Current investments | 50/53 | €28,944 | €14,924 | -€14,020 | -48.4% |
| Cash at bank and in hand | 54/58 | €47,237 | €32,431 | -€14,806 | -31.3% |
| Deferred charges and accrued income | 490/1 | €1,344 | €117 | -€1,227 | -91.3% |
| Total equity and liabilities | 10/49 | €103,185 | €64,082 | -€39,104 | -37.9% |
| Equity | 10/15 | €100,910 | €62,848 | -€38,062 | -37.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,310 | €44,248 | -€38,062 | -46.2% |
| Distributable reserves | 133 | €82,310 | €44,248 | -€38,062 | -46.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,275 | €1,234 | -€1,041 | -45.8% |
| Amounts payable within one year | 42/48 | €2,275 | €1,234 | -€1,041 | -45.8% |
| Trade debts | 44 | €365 | €0 | -€365 | -100% |
| Suppliers | 440/4 | €365 | €0 | -€365 | -100% |
| Advances received on contracts in progress | 46 | €1,706 | €0 | -€1,706 | -100% |
| Taxes, remuneration and social security | 45 | €205 | €1,234 | +€1,029 | +503% |
| Taxes | 450/3 | €205 | €1,234 | +€1,029 | +503% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,288 | €7,103 | -€4,185 | -37.1% |
| Other operating charges | 640/8 | €705 | €918 | +€213 | +30.2% |
| Gross operating margin | 9900 | -€13,852 | -€4,081 | +€9,771 | +70.5% |
| Operating profit (loss) | 9901 | -€25,845 | -€12,102 | +€13,743 | +53.2% |
| Financial income | 75/76B | €4,092 | €5,504 | +€1,412 | +34.5% |
| Recurring financial income | 75 | €4,092 | €5,504 | +€1,412 | +34.5% |
| Financial charges | 65/66B | €165 | €276 | +€110 | +66.8% |
| Recurring financial charges | 65 | €165 | €276 | +€110 | +66.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,919 | -€6,874 | +€15,045 | +68.6% |
| Income taxes | 67/77 | €212 | €221 | +€9 | +4.3% |
| Profit (loss) for the period | 9904 | -€22,130 | -€7,094 | +€15,036 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,130 | -€7,094 | +€15,036 | +67.9% |
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 30 October 2026 via checked.be.