ASYMPTOTE: 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.
ASYMPTOTE
Largest movements
- Cash -€237,681
down €237,681 (-43.8%), from €542,156 to €304,475
mainly Other debts (-€198,336) and Investment in fixed assets (net) (-€89,018)
- Financial fixed assets +€108,200
up €108,200 (+12.1%), from €894,864 to €1.0m
- Tangible fixed assets -€64,735
down €64,735 (-15.7%), from €411,889 to €347,155
of which Plant, machinery and equipment: -€107,730
- Receivables within one year -€45,567
down €45,567 (-57.3%), from €79,507 to €33,940
of which Other amounts receivable: -€27,220
- Other debts -€198,336
down €198,336 (-62.0%), from €319,696 to €121,360
- Trade debts -€88,772
down €88,772 (-94.3%), from €94,124 to €5,352
- Reserves +€33,159
up €33,159 (+16.8%), from €196,880 to €230,039
of which Distributable reserves: +€33,159
- Gross operating margin -€59,124
down €59,124 (-33.7%), from €175,304 to €116,180
- Depreciation -€16,714
down €16,714 (-26.8%), from €62,266 to €45,552
- Taxes -€15,538
down €15,538 (-49.2%), from €31,564 to €16,026
- Financial charges +€15,160
up €15,160 (+2981.6%), from €508 to €15,668
- Financial income -€13,249
down €13,249 (-98.6%), from €13,436 to €187
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 | €1,931,026 | €1,692,413 | -€238,613 | -12.4% |
| Fixed assets | 21/28 | €1,306,754 | €1,350,219 | +€43,465 | +3.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €411,889 | €347,155 | -€64,735 | -15.7% |
| Land and buildings | 22 | €269,148 | €318,410 | +€49,262 | +18.3% |
| Plant, machinery and equipment | 23 | €108,475 | €746 | -€107,730 | -99.3% |
| Furniture and vehicles | 24 | €33,216 | €26,949 | -€6,267 | -18.9% |
| Other tangible fixed assets | 26 | €1,050 | €1,050 | = | 0.0% |
| Financial fixed assets | 28 | €894,864 | €1,003,064 | +€108,200 | +12.1% |
| Current assets | 29/58 | €624,272 | €342,194 | -€282,079 | -45.2% |
| Amounts receivable within one year | 40/41 | €79,507 | €33,940 | -€45,567 | -57.3% |
| Trade receivables | 40 | €52,287 | €33,940 | -€18,347 | -35.1% |
| Other amounts receivable | 41 | €27,220 | - | -€27,220 | |
| Cash at bank and in hand | 54/58 | €542,156 | €304,475 | -€237,681 | -43.8% |
| Deferred charges and accrued income | 490/1 | €2,610 | €3,779 | +€1,169 | +44.8% |
| Total equity and liabilities | 10/49 | €1,931,026 | €1,692,413 | -€238,613 | -12.4% |
| Equity | 10/15 | €1,481,389 | €1,514,548 | +€33,159 | +2.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €196,880 | €230,039 | +€33,159 | +16.8% |
| Non-distributable reserves | 130/1 | €108,935 | €108,935 | = | 0.0% |
| Legal reserve | 130 | €108,935 | €108,935 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,650 | €8,650 | = | 0.0% |
| Distributable reserves | 133 | €79,295 | €112,454 | +€33,159 | +41.8% |
| Profit (loss) carried forward | 14 | €1,084,509 | €1,084,509 | = | 0.0% |
| Amounts payable | 17/49 | €449,637 | €177,865 | -€271,772 | -60.4% |
| Amounts payable within one year | 42/48 | €449,077 | €162,745 | -€286,332 | -63.8% |
| Trade debts | 44 | €94,124 | €5,352 | -€88,772 | -94.3% |
| Suppliers | 440/4 | €94,124 | €5,352 | -€88,772 | -94.3% |
| Taxes, remuneration and social security | 45 | €35,257 | €36,033 | +€777 | +2.2% |
| Taxes | 450/3 | €35,257 | €36,033 | +€777 | +2.2% |
| Other amounts payable | 47/48 | €319,696 | €121,360 | -€198,336 | -62.0% |
| Accrued charges and deferred income | 492/3 | €560 | €15,120 | +€14,560 | +2600.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,266 | €45,552 | -€16,714 | -26.8% |
| Other operating charges | 640/8 | €17,784 | €5,893 | -€11,891 | -66.9% |
| Non-recurring operating charges | 66A | - | €69 | +€69 | |
| Gross operating margin | 9900 | €175,304 | €116,180 | -€59,124 | -33.7% |
| Operating profit (loss) | 9901 | €95,253 | €64,666 | -€30,587 | -32.1% |
| Financial income | 75/76B | €13,436 | €187 | -€13,249 | -98.6% |
| Recurring financial income | 75 | €13,436 | €187 | -€13,249 | -98.6% |
| Financial charges | 65/66B | €508 | €15,668 | +€15,160 | +2981.6% |
| Recurring financial charges | 65 | €508 | €15,668 | +€15,160 | +2981.6% |
| Profit (loss) for the period before taxes | 9903 | €108,181 | €49,185 | -€58,996 | -54.5% |
| Income taxes | 67/77 | €31,564 | €16,026 | -€15,538 | -49.2% |
| Profit (loss) for the period | 9904 | €76,617 | €33,159 | -€43,458 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €76,617 | €33,159 | -€43,458 | -56.7% |
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 3 October 2026 via checked.be.