ASVECO: 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.
ASVECO
Largest movements
- Tangible fixed assets +€124,231
up €124,231 (+290.6%), from €42,756 to €166,988
of which Other tangible fixed assets: +€96,035
- Receivables within one year +€28,266
up €28,266 (+542.2%), from €5,213 to €33,479
of which Trade receivables: +€26,873
- Other debts +€123,993
up €123,993 (+374.0%), from €33,151 to €157,144
- Trade debts +€31,224
up €31,224 (+294.6%), from €10,599 to €41,823
- Depreciation -€6,714
down €6,714 (-97.8%), from €6,865 to €151
- Gross operating margin -€6,628
down €6,628 (-94.7%), from €6,997 to €369
- Financial charges +€325
up €325 (+1623950.0%), from €0 to €325
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,451 | €205,424 | +€154,972 | +307.2% |
| Fixed assets | 21/28 | €42,756 | €166,988 | +€124,231 | +290.6% |
| Tangible fixed assets | 22/27 | €42,756 | €166,988 | +€124,231 | +290.6% |
| Plant, machinery and equipment | 23 | €20,212 | €48,408 | +€28,196 | +139.5% |
| Furniture and vehicles | 24 | €22,545 | €22,545 | = | 0.0% |
| Other tangible fixed assets | 26 | - | €96,035 | +€96,035 | |
| Current assets | 29/58 | €7,695 | €38,436 | +€30,741 | +399.5% |
| Stocks and contracts in progress | 3 | - | €948 | +€948 | |
| Stocks | 30/36 | - | €948 | +€948 | |
| Amounts receivable within one year | 40/41 | €5,213 | €33,479 | +€28,266 | +542.2% |
| Trade receivables | 40 | €5,213 | €32,086 | +€26,873 | +515.5% |
| Other amounts receivable | 41 | - | €1,393 | +€1,393 | |
| Current investments | 50/53 | €2,051 | €3,989 | +€1,938 | +94.5% |
| Deferred charges and accrued income | 490/1 | €431 | €21 | -€411 | -95.2% |
| Total equity and liabilities | 10/49 | €50,451 | €205,424 | +€154,972 | +307.2% |
| Equity | 10/15 | €6,133 | €6,028 | -€105 | -1.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133 | €28 | -€105 | -79.0% |
| Amounts payable | 17/49 | €44,319 | €199,396 | +€155,077 | +349.9% |
| Amounts payable within one year | 42/48 | €44,319 | €198,968 | +€154,649 | +348.9% |
| Trade debts | 44 | €10,599 | €41,823 | +€31,224 | +294.6% |
| Suppliers | 440/4 | €10,599 | €41,823 | +€31,224 | +294.6% |
| Taxes, remuneration and social security | 45 | €568 | - | -€568 | |
| Taxes | 450/3 | €568 | - | -€568 | |
| Other amounts payable | 47/48 | €33,151 | €157,144 | +€123,993 | +374.0% |
| Accrued charges and deferred income | 492/3 | - | €428 | +€428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,865 | €151 | -€6,714 | -97.8% |
| Gross operating margin | 9900 | €6,997 | €369 | -€6,628 | -94.7% |
| Operating profit (loss) | 9901 | €132 | €219 | +€86 | +65.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | +468.2% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +468.2% |
| Financial charges | 65/66B | €0 | €325 | +€325 | +1623950.0% |
| Recurring financial charges | 65 | €0 | €325 | +€325 | +1623950.0% |
| Profit (loss) for the period before taxes | 9903 | €133 | -€105 | -€237 | |
| Profit (loss) for the period | 9904 | €133 | -€105 | -€237 | |
| Profit (loss) for the period to be appropriated | 9905 | €133 | -€105 | -€237 |
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 4 October 2026 via checked.be.