ASV Technics: what changed
ASV Technics
Largest movements
- Tangible fixed assets -€14,331
down €14,331 (-4.8%), from €300,311 to €285,980
of which Land and buildings: -€14,421
- Receivables within one year +€14,275
up €14,275 (+27.1%), from €52,585 to €66,860
of which Other amounts receivable: +€9,444
- Deferred charges and accrued income +€12,916
up €12,916 (+684%), from €1,889 to €14,805
- Cash +€10,891
up €10,891 (+40.8%), from €26,690 to €37,581
mainly Net result for the year (+€82,676) and Depreciation (+€25,212)
- Stocks and contracts +€9,752
up €9,752 (+52.0%), from €18,748 to €28,500
of which Contracts in progress: +€16,500
- Reserves +€27,676
up €27,676 (+31.0%), from €89,211 to €116,886
- Trade debts -€8,308
down €8,308 (-48.4%), from €17,162 to €8,854
- Other debts +€7,013
up €7,013 (+15.4%), from €45,525 to €52,538
- Tax, wage and social debts +€4,408
up €4,408 (+60.0%), from €7,352 to €11,760
- Gross operating margin +€146,841
up €146,841 (+135%), from €108,513 to €255,354
- Staff costs +€89,970
up €89,970 (+513%), from €17,540 to €107,510
- Taxes +€16,756
up €16,756 (+234%), from €7,164 to €23,920
- Depreciation +€12,187
up €12,187 (+93.6%), from €13,025 to €25,212
- Other operating charges -€11,100
down €11,100 (-82.2%), from €13,495 to €2,395
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €400,224 | €433,725 | +€33,502 | +8.4% |
| Fixed assets | 21/28 | €300,311 | €285,980 | -€14,331 | -4.8% |
| Tangible fixed assets | 22/27 | €300,311 | €285,980 | -€14,331 | -4.8% |
| Land and buildings | 22 | €284,367 | €269,946 | -€14,421 | -5.1% |
| Plant, machinery and equipment | 23 | €649 | €3,095 | +€2,446 | +377% |
| Furniture and vehicles | 24 | €15,295 | €12,938 | -€2,356 | -15.4% |
| Current assets | 29/58 | €99,913 | €147,746 | +€47,833 | +47.9% |
| Stocks and contracts in progress | 3 | €18,748 | €28,500 | +€9,752 | +52.0% |
| Stocks | 30/36 | €18,748 | €12,000 | -€6,748 | -36.0% |
| Contracts in progress | 37 | - | €16,500 | +€16,500 | |
| Amounts receivable within one year | 40/41 | €52,585 | €66,860 | +€14,275 | +27.1% |
| Trade receivables | 40 | €45,025 | €49,855 | +€4,830 | +10.7% |
| Other amounts receivable | 41 | €7,560 | €17,004 | +€9,444 | +125% |
| Cash at bank and in hand | 54/58 | €26,690 | €37,581 | +€10,891 | +40.8% |
| Deferred charges and accrued income | 490/1 | €1,889 | €14,805 | +€12,916 | +684% |
| Total equity and liabilities | 10/49 | €400,224 | €433,725 | +€33,502 | +8.4% |
| Equity | 10/15 | €91,711 | €119,386 | +€27,676 | +30.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €89,211 | €116,886 | +€27,676 | +31.0% |
| Distributable reserves | 133 | €89,211 | €116,886 | +€27,676 | +31.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €308,513 | €314,339 | +€5,826 | +1.9% |
| Amounts payable after more than one year | 17 | €219,029 | €218,193 | -€836 | -0.4% |
| Financial debts | 170/4 | €219,029 | €218,193 | -€836 | -0.4% |
| Amounts payable within one year | 42/48 | €89,484 | €96,146 | +€6,662 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €19,445 | €22,994 | +€3,550 | +18.3% |
| Trade debts | 44 | €17,162 | €8,854 | -€8,308 | -48.4% |
| Suppliers | 440/4 | €17,162 | €8,854 | -€8,308 | -48.4% |
| Taxes, remuneration and social security | 45 | €7,352 | €11,760 | +€4,408 | +60.0% |
| Taxes | 450/3 | €7,352 | €11,760 | +€4,408 | +60.0% |
| Other amounts payable | 47/48 | €45,525 | €52,538 | +€7,013 | +15.4% |
| Remuneration, social security and pensions | 62 | €17,540 | €107,510 | +€89,970 | +513% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,025 | €25,212 | +€12,187 | +93.6% |
| Other operating charges | 640/8 | €13,495 | €2,395 | -€11,100 | -82.2% |
| Gross operating margin | 9900 | €108,513 | €255,354 | +€146,841 | +135% |
| Operating profit (loss) | 9901 | €64,453 | €120,236 | +€55,784 | +86.5% |
| Financial income | 75/76B | - | €106 | +€106 | |
| Recurring financial income | 75 | - | €106 | +€106 | |
| Financial charges | 65/66B | €9,368 | €13,746 | +€4,378 | +46.7% |
| Recurring financial charges | 65 | €9,368 | €13,746 | +€4,378 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €55,084 | €106,596 | +€51,511 | +93.5% |
| Income taxes | 67/77 | €7,164 | €23,920 | +€16,756 | +234% |
| Profit (loss) for the period | 9904 | €47,921 | €82,676 | +€34,755 | +72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,921 | €82,676 | +€34,755 | +72.5% |
Next steps
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 7 November 2026 via checked.be.