ASW BUILDING SOLUTIONS: 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.
ASW BUILDING SOLUTIONS
Largest movements
- Stocks and contracts +€588,254
up €588,254 (+209%), from €281,704 to €869,958
- Cash +€138,465
up €138,465 (+632%), from €21,916 to €160,382
mainly Short-term financial debts (+€526,329) and Other debts (+€157,158)
- Receivables within one year -€61,982
down €61,982 (-77.6%), from €79,923 to €17,941
of which Other amounts receivable: -€59,581
- Financial fixed assets +€20,000
up €20,000, from €0 to €20,000
- Deferred charges and accrued income +€16,354
up €16,354 (+11,658%), from €140 to €16,495
- Short-term financial debts +€526,329
up €526,329, from €0 to €526,329
of which Other loans: +€525,851
- Other debts +€157,158
up €157,158 (+346%), from €45,457 to €202,615
- Trade debts -€98,516
down €98,516 (-79.0%), from €124,751 to €26,235
- Debts after one year +€80,000
new in 2025: €80,000
- Reserves +€41,915
up €41,915 (+24.7%), from €169,618 to €211,533
- Gross operating margin -€32,985
down €32,985 (-30.9%), from €106,755 to €73,770
- Taxes -€5,795
down €5,795 (-17.2%), from €33,743 to €27,948
- Financial charges -€2,870
down €2,870 (-23.7%), from €12,119 to €9,249
- Financial income +€2,560
up €2,560 (+45.7%), from €5,597 to €8,156
- Other operating charges +€2,379
up €2,379 (+546%), from €435 to €2,814
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 | €383,684 | €1,084,775 | +€701,091 | +183% |
| Fixed assets | 21/28 | €0 | €20,000 | +€20,000 | |
| Financial fixed assets | 28 | €0 | €20,000 | +€20,000 | |
| Current assets | 29/58 | €383,684 | €1,064,775 | +€681,091 | +178% |
| Stocks and contracts in progress | 3 | €281,704 | €869,958 | +€588,254 | +209% |
| Contracts in progress | 37 | €281,704 | €869,958 | +€588,254 | +209% |
| Amounts receivable within one year | 40/41 | €79,923 | €17,941 | -€61,982 | -77.6% |
| Trade receivables | 40 | €2,402 | €0 | -€2,402 | -100% |
| Other amounts receivable | 41 | €77,522 | €17,941 | -€59,581 | -76.9% |
| Cash at bank and in hand | 54/58 | €21,916 | €160,382 | +€138,465 | +632% |
| Deferred charges and accrued income | 490/1 | €140 | €16,495 | +€16,354 | +11,658% |
| Total equity and liabilities | 10/49 | €383,684 | €1,084,775 | +€701,091 | +183% |
| Equity | 10/15 | €179,734 | €221,649 | +€41,915 | +23.3% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €169,618 | €211,533 | +€41,915 | +24.7% |
| Distributable reserves | 133 | €169,618 | €211,533 | +€41,915 | +24.7% |
| Profit (loss) carried forward | 14 | -€8,584 | -€8,584 | = | 0.0% |
| Amounts payable | 17/49 | €203,950 | €863,126 | +€659,176 | +323% |
| Amounts payable after more than one year | 17 | - | €80,000 | +€80,000 | |
| Financial debts | 170/4 | - | €80,000 | +€80,000 | |
| Amounts payable within one year | 42/48 | €203,950 | €783,126 | +€579,176 | +284% |
| Financial debts | 43 | €0 | €526,329 | +€526,329 | |
| Credit institutions | 430/8 | - | €478 | +€478 | |
| Other loans | 439 | €0 | €525,851 | +€525,851 | |
| Trade debts | 44 | €124,751 | €26,235 | -€98,516 | -79.0% |
| Suppliers | 440/4 | €124,751 | €26,235 | -€98,516 | -79.0% |
| Taxes, remuneration and social security | 45 | €33,743 | €27,948 | -€5,795 | -17.2% |
| Taxes | 450/3 | €33,743 | €27,948 | -€5,795 | -17.2% |
| Other amounts payable | 47/48 | €45,457 | €202,615 | +€157,158 | +346% |
| Other operating charges | 640/8 | €435 | €2,814 | +€2,379 | +546% |
| Gross operating margin | 9900 | €106,755 | €73,770 | -€32,985 | -30.9% |
| Operating profit (loss) | 9901 | €106,320 | €70,956 | -€35,364 | -33.3% |
| Financial income | 75/76B | €5,597 | €8,156 | +€2,560 | +45.7% |
| Recurring financial income | 75 | €5,597 | €8,156 | +€2,560 | +45.7% |
| Financial charges | 65/66B | €12,119 | €9,249 | -€2,870 | -23.7% |
| Recurring financial charges | 65 | €12,119 | €9,249 | -€2,870 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €99,797 | €69,863 | -€29,934 | -30.0% |
| Income taxes | 67/77 | €33,743 | €27,948 | -€5,795 | -17.2% |
| Profit (loss) for the period | 9904 | €66,055 | €41,915 | -€24,140 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,055 | €41,915 | -€24,140 | -36.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.