ASVATING GROUP: 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.
ASVATING GROUP
Largest movements
- Cash -€29,787
down €29,787 (-34.0%), from €87,700 to €57,912
mainly Tax, wage and social debts (-€42,302) and Receivables within one year (-€3,693)
- Tax, wage and social debts -€42,302
down €42,302 (-66.4%), from €63,755 to €21,453
of which Taxes: -€42,677
- Trade debts +€12,519
up €12,519 (+3.8%), from €326,163 to €338,681
- Taxes +€16,061
up €16,061 (+350.8%), from €4,578 to €20,639
- Other operating charges -€5,919
down €5,919 (-76.3%), from €7,760 to €1,841
- Staff costs -€2,489
down €2,489 (-2.4%), from €102,547 to €100,058
- Financial charges +€1,386
up €1,386 (+18.7%), from €7,418 to €8,805
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €495,012 | €466,300 | -€28,712 | -5.8% |
| Fixed assets | 21/28 | €3,253 | €1,576 | -€1,677 | -51.6% |
| Intangible fixed assets | 21 | €609 | - | -€609 | |
| Tangible fixed assets | 22/27 | €2,643 | €1,576 | -€1,068 | -40.4% |
| Furniture and vehicles | 24 | €2,643 | €1,576 | -€1,068 | -40.4% |
| Current assets | 29/58 | €491,759 | €464,724 | -€27,035 | -5.5% |
| Stocks and contracts in progress | 3 | €228,469 | €228,469 | = | 0.0% |
| Stocks | 30/36 | €228,469 | €228,469 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €174,647 | €178,340 | +€3,693 | +2.1% |
| Other amounts receivable | 41 | €174,647 | €178,340 | +€3,693 | +2.1% |
| Cash at bank and in hand | 54/58 | €87,700 | €57,912 | -€29,787 | -34.0% |
| Deferred charges and accrued income | 490/1 | €944 | €3 | -€941 | -99.7% |
| Total equity and liabilities | 10/49 | €495,012 | €466,300 | -€28,712 | -5.8% |
| Equity | 10/15 | €77,908 | €78,979 | +€1,071 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,448 | €58,519 | +€1,071 | +1.9% |
| Amounts payable | 17/49 | €417,104 | €387,321 | -€29,783 | -7.1% |
| Amounts payable within one year | 42/48 | €417,104 | €387,321 | -€29,783 | -7.1% |
| Financial debts | 43 | €187 | €187 | = | 0.0% |
| Credit institutions | 430/8 | €187 | €187 | = | 0.0% |
| Trade debts | 44 | €326,163 | €338,681 | +€12,519 | +3.8% |
| Suppliers | 440/4 | €326,163 | €338,681 | +€12,519 | +3.8% |
| Advances received on contracts in progress | 46 | €27,000 | €27,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €63,755 | €21,453 | -€42,302 | -66.4% |
| Taxes | 450/3 | €54,513 | €11,836 | -€42,677 | -78.3% |
| Remuneration and social security | 454/9 | €9,242 | €9,618 | +€375 | +4.1% |
| Remuneration, social security and pensions | 62 | €102,547 | €100,058 | -€2,489 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,982 | €1,677 | -€305 | -15.4% |
| Other operating charges | 640/8 | €7,760 | €1,841 | -€5,919 | -76.3% |
| Gross operating margin | 9900 | €135,330 | €134,011 | -€1,319 | -1.0% |
| Operating profit (loss) | 9901 | €23,041 | €30,434 | +€7,393 | +32.1% |
| Financial income | 75/76B | - | €80 | +€80 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Financial charges | 65/66B | €7,418 | €8,805 | +€1,386 | +18.7% |
| Recurring financial charges | 65 | €7,418 | €8,805 | +€1,386 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €15,622 | €21,710 | +€6,087 | +39.0% |
| Income taxes | 67/77 | €4,578 | €20,639 | +€16,061 | +350.8% |
| Profit (loss) for the period | 9904 | €11,045 | €1,071 | -€9,974 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,045 | €1,071 | -€9,974 | -90.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.