ASW Immo: 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.
ASW Immo
Largest movements
- Receivables within one year +€5,601
up €5,601 (+5.1%), from €110,745 to €116,346
of which Other amounts receivable: +€5,500
- Tangible fixed assets -€5,055
down €5,055 (-5.8%), from €87,597 to €82,542
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€262
up €262 (+4.7%), from €5,554 to €5,816
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
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 | €222,327 | €222,850 | +€523 | +0.2% |
| Fixed assets | 21/28 | €91,070 | €86,015 | -€5,055 | -5.6% |
| Tangible fixed assets | 22/27 | €87,597 | €82,542 | -€5,055 | -5.8% |
| Land and buildings | 22 | €87,597 | €82,542 | -€5,055 | -5.8% |
| Financial fixed assets | 28 | €3,473 | €3,473 | = | 0.0% |
| Current assets | 29/58 | €131,257 | €136,835 | +€5,578 | +4.2% |
| Amounts receivable within one year | 40/41 | €110,745 | €116,346 | +€5,601 | +5.1% |
| Trade receivables | 40 | €110,745 | €110,846 | +€101 | +0.1% |
| Other amounts receivable | 41 | - | €5,500 | +€5,500 | |
| Cash at bank and in hand | 54/58 | €20,512 | €20,489 | -€23 | -0.1% |
| Total equity and liabilities | 10/49 | €222,327 | €222,850 | +€523 | +0.2% |
| Equity | 10/15 | €190,386 | €190,317 | -€69 | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €171,794 | €171,725 | -€69 | 0.0% |
| Tax-exempt reserves | 132 | €29,310 | €25,276 | -€4,034 | -13.8% |
| Distributable reserves | 133 | €142,484 | €146,449 | +€3,965 | +2.8% |
| Provisions and deferred taxes | 16 | €15,074 | €12,995 | -€2,079 | -13.8% |
| Provisions for liabilities and charges | 160/5 | €15,074 | €12,995 | -€2,079 | -13.8% |
| Taxes | 161 | €15,074 | €12,995 | -€2,079 | -13.8% |
| Amounts payable | 17/49 | €16,867 | €19,538 | +€2,671 | +15.8% |
| Amounts payable within one year | 42/48 | €16,867 | €19,538 | +€2,671 | +15.8% |
| Taxes, remuneration and social security | 45 | €3,798 | €5,783 | +€1,985 | +52.3% |
| Taxes | 450/3 | €3,798 | €5,783 | +€1,985 | +52.3% |
| Other amounts payable | 47/48 | €13,069 | €13,755 | +€686 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,055 | €5,055 | = | 0.0% |
| Non-recurring operating charges | 66A | €641 | €878 | +€237 | +37.0% |
| Gross operating margin | 9900 | €5,554 | €5,816 | +€262 | +4.7% |
| Operating profit (loss) | 9901 | -€142 | -€117 | +€25 | +17.6% |
| Financial charges | 65/66B | €84 | €45 | -€39 | -46.4% |
| Recurring financial charges | 65 | €84 | €45 | -€39 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | -€226 | -€162 | +€64 | +28.3% |
| Transfer from deferred taxes | 780 | €2,078 | €2,078 | = | 0.0% |
| Income taxes | 67/77 | €1,963 | €1,985 | +€22 | +1.1% |
| Profit (loss) for the period | 9904 | -€111 | -€69 | +€42 | +37.8% |
| Transfer from tax-exempt reserves | 789 | €4,034 | €4,034 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,923 | €3,965 | +€42 | +1.1% |
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 6 October 2026 via checked.be.