ASY: 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.
ASY
Largest movements
- Tangible fixed assets +€25,081
up €25,081 (+117%), from €21,494 to €46,575
of which Plant, machinery and equipment: +€27,706
- Receivables within one year +€3,155
up €3,155 (+43.6%), from €7,234 to €10,388
- Cash +€835
new in 2025: €835
mainly Debts after one year (+€17,766) and Depreciation (+€8,919)
- Debts after one year +€17,766
up €17,766 (+652%), from €2,726 to €20,492
- Current portion of long-term debt +€6,470
up €6,470 (+69.1%), from €9,367 to €15,837
- Other debts +€3,747
up €3,747 (+202%), from €1,853 to €5,600
- Tax, wage and social debts +€3,097
new in 2025: €3,097
- Trade debts -€1,686
down €1,686 (-37.8%), from €4,464 to €2,778
- Depreciation -€4,142
down €4,142 (-31.7%), from €13,061 to €8,919
- Gross operating margin +€2,853
up €2,853 (+15.0%), from €19,001 to €21,854
- Other operating charges -€2,152
down €2,152 (-80.0%), from €2,691 to €539
- Taxes +€1,547
up €1,547 (+421%), from €368 to €1,915
- Financial charges +€780
up €780 (+33.6%), from €2,318 to €3,098
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 | €33,193 | €61,971 | +€28,778 | +86.7% |
| Fixed assets | 21/28 | €22,294 | €47,375 | +€25,081 | +112% |
| Tangible fixed assets | 22/27 | €21,494 | €46,575 | +€25,081 | +117% |
| Land and buildings | 22 | €9,944 | €7,318 | -€2,625 | -26.4% |
| Plant, machinery and equipment | 23 | €11,551 | €39,257 | +€27,706 | +240% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €10,899 | €14,596 | +€3,697 | +33.9% |
| Stocks and contracts in progress | 3 | €600 | €540 | -€60 | -10.0% |
| Stocks | 30/36 | €600 | €540 | -€60 | -10.0% |
| Amounts receivable within one year | 40/41 | €7,234 | €10,388 | +€3,155 | +43.6% |
| Other amounts receivable | 41 | €7,234 | €10,388 | +€3,155 | +43.6% |
| Cash at bank and in hand | 54/58 | - | €835 | +€835 | |
| Deferred charges and accrued income | 490/1 | €3,065 | €2,832 | -€233 | -7.6% |
| Total equity and liabilities | 10/49 | €33,193 | €61,971 | +€28,778 | +86.7% |
| Equity | 10/15 | €14,783 | €14,166 | -€617 | -4.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,110 | €1,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,110 | €1,110 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,110 | €1,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,273 | €656 | -€617 | -48.5% |
| Amounts payable | 17/49 | €18,410 | €47,805 | +€29,395 | +160% |
| Amounts payable after more than one year | 17 | €2,726 | €20,492 | +€17,766 | +652% |
| Financial debts | 170/4 | €2,726 | €20,492 | +€17,766 | +652% |
| Amounts payable within one year | 42/48 | €15,684 | €27,313 | +€11,628 | +74.1% |
| Current portion of amounts payable after more than one year | 42 | €9,367 | €15,837 | +€6,470 | +69.1% |
| Trade debts | 44 | €4,464 | €2,778 | -€1,686 | -37.8% |
| Suppliers | 440/4 | €4,464 | €2,778 | -€1,686 | -37.8% |
| Taxes, remuneration and social security | 45 | - | €3,097 | +€3,097 | |
| Taxes | 450/3 | - | €3,097 | +€3,097 | |
| Other amounts payable | 47/48 | €1,853 | €5,600 | +€3,747 | +202% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,061 | €8,919 | -€4,142 | -31.7% |
| Other operating charges | 640/8 | €2,691 | €539 | -€2,152 | -80.0% |
| Gross operating margin | 9900 | €19,001 | €21,854 | +€2,853 | +15.0% |
| Operating profit (loss) | 9901 | €3,249 | €12,396 | +€9,147 | +282% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,318 | €3,098 | +€780 | +33.6% |
| Recurring financial charges | 65 | €2,318 | €3,098 | +€780 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €931 | €9,298 | +€8,367 | +899% |
| Income taxes | 67/77 | €368 | €1,915 | +€1,547 | +421% |
| Profit (loss) for the period | 9904 | €563 | €7,383 | +€6,820 | +1,211% |
| Profit (loss) for the period to be appropriated | 9905 | €563 | €7,383 | +€6,820 | +1,211% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.