ASYMPTOTE: 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.
ASYMPTOTE
Largest movements
- Cash -€32,994
down €32,994 (-24.9%), from €132,568 to €99,574
mainly Investment in fixed assets (net) (-€36,344) and Current investments (-€29,477)
- Current investments +€29,477
up €29,477 (+6.5%), from €450,476 to €479,953
- Tangible fixed assets +€24,099
up €24,099 (+139%), from €17,378 to €41,477
of which Furniture and vehicles: +€24,602
- Reserves +€12,200
up €12,200 (+6.2%), from €197,751 to €209,951
of which Distributable reserves: +€12,200
- Accrued charges and deferred income +€10,047
up €10,047 (+13.3%), from €75,806 to €85,853
- Gross operating margin -€16,480
down €16,480 (-36.2%), from €45,572 to €29,092
- Taxes -€6,705
down €6,705 (-57.4%), from €11,690 to €4,985
- Depreciation +€2,194
up €2,194 (+21.8%), from €10,051 to €12,245
- Other operating charges +€616
up €616 (+72.1%), from €854 to €1,470
- Financial income -€480
down €480 (-16.3%), from €2,951 to €2,471
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 | €618,813 | €642,887 | +€24,074 | +3.9% |
| Fixed assets | 21/28 | €17,378 | €41,477 | +€24,099 | +139% |
| Tangible fixed assets | 22/27 | €17,378 | €41,477 | +€24,099 | +139% |
| Land and buildings | 22 | €11,725 | €11,222 | -€503 | -4.3% |
| Furniture and vehicles | 24 | €5,653 | €30,255 | +€24,602 | +435% |
| Current assets | 29/58 | €601,434 | €601,409 | -€25 | 0.0% |
| Amounts receivable within one year | 40/41 | €14,433 | €16,699 | +€2,266 | +15.7% |
| Trade receivables | 40 | €14,433 | €16,485 | +€2,053 | +14.2% |
| Other amounts receivable | 41 | - | €213 | +€213 | |
| Current investments | 50/53 | €450,476 | €479,953 | +€29,477 | +6.5% |
| Cash at bank and in hand | 54/58 | €132,568 | €99,574 | -€32,994 | -24.9% |
| Deferred charges and accrued income | 490/1 | €3,958 | €5,184 | +€1,226 | +31.0% |
| Total equity and liabilities | 10/49 | €618,813 | €642,887 | +€24,074 | +3.9% |
| Equity | 10/15 | €536,193 | €548,465 | +€12,272 | +2.3% |
| Contributions | 10/11 | €78,258 | €78,258 | = | 0.0% |
| Reserves | 13 | €197,751 | €209,951 | +€12,200 | +6.2% |
| Non-distributable reserves | 130/1 | €19,751 | €19,751 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,751 | €19,751 | = | 0.0% |
| Distributable reserves | 133 | €178,000 | €190,200 | +€12,200 | +6.9% |
| Profit (loss) carried forward | 14 | €260,184 | €260,256 | +€72 | 0.0% |
| Amounts payable | 17/49 | €82,620 | €94,422 | +€11,802 | +14.3% |
| Amounts payable within one year | 42/48 | €6,814 | €8,569 | +€1,755 | +25.8% |
| Trade debts | 44 | €1,605 | €1,791 | +€186 | +11.6% |
| Suppliers | 440/4 | €1,605 | €1,791 | +€186 | +11.6% |
| Taxes, remuneration and social security | 45 | €3,714 | €5,311 | +€1,598 | +43.0% |
| Taxes | 450/3 | €3,714 | €5,311 | +€1,598 | +43.0% |
| Other amounts payable | 47/48 | €1,495 | €1,467 | -€28 | -1.9% |
| Accrued charges and deferred income | 492/3 | €75,806 | €85,853 | +€10,047 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,051 | €12,245 | +€2,194 | +21.8% |
| Other operating charges | 640/8 | €854 | €1,470 | +€616 | +72.1% |
| Gross operating margin | 9900 | €45,572 | €29,092 | -€16,480 | -36.2% |
| Operating profit (loss) | 9901 | €34,667 | €15,377 | -€19,290 | -55.6% |
| Financial income | 75/76B | €2,951 | €2,471 | -€480 | -16.3% |
| Recurring financial income | 75 | €2,951 | €2,471 | -€480 | -16.3% |
| Financial charges | 65/66B | €315 | €591 | +€276 | +87.5% |
| Recurring financial charges | 65 | €315 | €343 | +€28 | +8.8% |
| Non-recurring financial charges | 66B | - | €248 | +€248 | |
| Profit (loss) for the period before taxes | 9903 | €37,302 | €17,256 | -€20,046 | -53.7% |
| Income taxes | 67/77 | €11,690 | €4,985 | -€6,705 | -57.4% |
| Profit (loss) for the period | 9904 | €25,613 | €12,272 | -€13,341 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,613 | €12,272 | -€13,341 | -52.1% |
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.