ASYAL: 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.
ASYAL
Largest movements
- Receivables within one year -€218,000
no longer reported in 2025 (was €218,000)
of which Trade receivables: -€135,000
- Tangible fixed assets -€130,479
down €130,479 (-9.1%), from €1.4m to €1.3m
of which Other tangible fixed assets: -€104,346
- Cash +€82,217
up €82,217 (+3,766%), from €2,183 to €84,400
mainly Receivables within one year (+€218,000) and Depreciation (+€139,848)
- Profit (loss) carried forward -€202,468
down €202,468 (-76.8%), from -€263,588 to -€466,055
- Debts after one year -€65,180
down €65,180 (-5.5%), from €1.2m to €1.1m
of which Financial debts: -€65,180
- Other debts +€17,000
new in 2025: €17,000
- Other operating charges +€64,705
up €64,705 (+799%), from €8,103 to €72,807
- Gross operating margin +€6,013
up €6,013 (+35.9%), from €16,752 to €22,765
- Depreciation +€3,869
up €3,869 (+2.8%), from €135,979 to €139,848
- Financial charges -€1,186
down €1,186 (-4.0%), from €29,364 to €28,178
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 | €1,648,414 | €1,382,152 | -€266,262 | -16.2% |
| Fixed assets | 21/28 | €1,428,231 | €1,297,752 | -€130,479 | -9.1% |
| Tangible fixed assets | 22/27 | €1,428,190 | €1,297,710 | -€130,479 | -9.1% |
| Land and buildings | 22 | €798,234 | €772,909 | -€25,325 | -3.2% |
| Furniture and vehicles | 24 | €24,596 | €23,788 | -€808 | -3.3% |
| Other tangible fixed assets | 26 | €605,360 | €501,014 | -€104,346 | -17.2% |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €220,183 | €84,400 | -€135,783 | -61.7% |
| Amounts receivable within one year | 40/41 | €218,000 | - | -€218,000 | |
| Trade receivables | 40 | €135,000 | - | -€135,000 | |
| Other amounts receivable | 41 | €83,000 | - | -€83,000 | |
| Cash at bank and in hand | 54/58 | €2,183 | €84,400 | +€82,217 | +3,766% |
| Total equity and liabilities | 10/49 | €1,648,414 | €1,382,152 | -€266,262 | -16.2% |
| Equity | 10/15 | €172,594 | -€40,172 | -€212,766 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €286,182 | €275,884 | -€10,298 | -3.6% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €271,182 | €260,884 | -€10,298 | -3.8% |
| Profit (loss) carried forward | 14 | -€263,588 | -€466,055 | -€202,468 | -76.8% |
| Provisions and deferred taxes | 16 | €139,637 | €134,335 | -€5,303 | -3.8% |
| Deferred taxes | 168 | €139,637 | €134,335 | -€5,303 | -3.8% |
| Amounts payable | 17/49 | €1,336,183 | €1,287,989 | -€48,194 | -3.6% |
| Amounts payable after more than one year | 17 | €1,195,189 | €1,130,009 | -€65,180 | -5.5% |
| Financial debts | 170/4 | €1,167,589 | €1,102,409 | -€65,180 | -5.6% |
| Other amounts payable | 178/9 | €27,600 | €27,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €69,419 | €86,406 | +€16,986 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €63,873 | €65,180 | +€1,307 | +2.0% |
| Trade debts | 44 | €3,047 | €1,726 | -€1,321 | -43.4% |
| Suppliers | 440/4 | €3,047 | €1,726 | -€1,321 | -43.4% |
| Taxes, remuneration and social security | 45 | €2,500 | €2,500 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €17,000 | +€17,000 | |
| Accrued charges and deferred income | 492/3 | €71,574 | €71,574 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,979 | €139,848 | +€3,869 | +2.8% |
| Other operating charges | 640/8 | €8,103 | €72,807 | +€64,705 | +799% |
| Gross operating margin | 9900 | €16,752 | €22,765 | +€6,013 | +35.9% |
| Operating profit (loss) | 9901 | -€127,330 | -€189,891 | -€62,561 | -49.1% |
| Financial charges | 65/66B | €29,364 | €28,178 | -€1,186 | -4.0% |
| Recurring financial charges | 65 | €29,364 | €28,178 | -€1,186 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€156,693 | -€218,068 | -€61,375 | -39.2% |
| Transfer from deferred taxes | 780 | €5,303 | €5,303 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€151,391 | -€212,766 | -€61,375 | -40.5% |
| Transfer from tax-exempt reserves | 789 | €10,298 | €10,298 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€141,093 | -€202,468 | -€61,375 | -43.5% |
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 15 October 2026 via checked.be.