C.E.O Asian: what changed
C.E.O Asian
Largest movements
- Receivables after one year +€87,901
up €87,901 (+161%), from €54,579 to €142,480
- Receivables within one year -€69,054
down €69,054 (-89.2%), from €77,431 to €8,377
of which Other amounts receivable: -€72,133
- Cash +€16,404
up €16,404 (+65.9%), from €24,889 to €41,293
mainly Tax, wage and social debts (+€462,284) and Receivables within one year (+€69,054)
- Financial fixed assets +€6,000
up €6,000 (+12.5%), from €47,975 to €53,975
- Tangible fixed assets -€2,822
down €2,822 (-27.9%), from €10,100 to €7,278
of which Furniture and vehicles: -€1,973
- Tax, wage and social debts +€462,284
up €462,284 (+567%), from €81,557 to €543,841
of which Remuneration and social security: +€361,282
- Trade debts -€291,080
down €291,080 (-94.5%), from €307,964 to €16,884
- Profit (loss) carried forward -€133,470
down €133,470 (-76.8%), from -€173,843 to -€307,313
- Gross operating margin +€55,961
up €55,961 (+13.4%), from €416,105 to €472,067
- Staff costs +€52,073
up €52,073 (+11.1%), from €468,816 to €520,889
- Financial charges +€39,871
up €39,871 (+441%), from €9,046 to €48,916
- Other operating charges +€17,302
up €17,302 (+1,129%), from €1,533 to €18,835
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €215,678 | €253,413 | +€37,735 | +17.5% |
| Fixed assets | 21/28 | €58,075 | €61,253 | +€3,178 | +5.5% |
| Tangible fixed assets | 22/27 | €10,100 | €7,278 | -€2,822 | -27.9% |
| Plant, machinery and equipment | 23 | €6,858 | €6,009 | -€849 | -12.4% |
| Furniture and vehicles | 24 | €3,242 | €1,269 | -€1,973 | -60.8% |
| Financial fixed assets | 28 | €47,975 | €53,975 | +€6,000 | +12.5% |
| Current assets | 29/58 | €157,603 | €192,160 | +€34,557 | +21.9% |
| Amounts receivable after more than one year | 29 | €54,579 | €142,480 | +€87,901 | +161% |
| Other amounts receivable | 291 | €54,579 | €142,480 | +€87,901 | +161% |
| Amounts receivable within one year | 40/41 | €77,431 | €8,377 | -€69,054 | -89.2% |
| Trade receivables | 40 | €3,460 | €6,539 | +€3,079 | +89.0% |
| Other amounts receivable | 41 | €73,971 | €1,838 | -€72,133 | -97.5% |
| Current investments | 50/53 | €480 | €10 | -€470 | -97.9% |
| Cash at bank and in hand | 54/58 | €24,889 | €41,293 | +€16,404 | +65.9% |
| Deferred charges and accrued income | 490/1 | €224 | - | -€224 | |
| Total equity and liabilities | 10/49 | €215,678 | €253,413 | +€37,735 | +17.5% |
| Equity | 10/15 | -€173,843 | -€307,313 | -€133,470 | -76.8% |
| Profit (loss) carried forward | 14 | -€173,843 | -€307,313 | -€133,470 | -76.8% |
| Amounts payable | 17/49 | €389,521 | €560,726 | +€171,205 | +44.0% |
| Amounts payable within one year | 42/48 | €389,521 | €560,726 | +€171,205 | +44.0% |
| Trade debts | 44 | €307,964 | €16,884 | -€291,080 | -94.5% |
| Suppliers | 440/4 | €307,964 | €16,884 | -€291,080 | -94.5% |
| Taxes, remuneration and social security | 45 | €81,557 | €543,841 | +€462,284 | +567% |
| Taxes | 450/3 | €67,582 | €168,584 | +€101,002 | +149% |
| Remuneration and social security | 454/9 | €13,975 | €375,257 | +€361,282 | +2,585% |
| Non-recurring operating income | 76A | - | €7,727 | +€7,727 | |
| Remuneration, social security and pensions | 62 | €468,816 | €520,889 | +€52,073 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,362 | €3,378 | -€2,985 | -46.9% |
| Other operating charges | 640/8 | €1,533 | €18,835 | +€17,302 | +1,129% |
| Non-recurring operating charges | 66A | €12,204 | €13,347 | +€1,142 | +9.4% |
| Gross operating margin | 9900 | €416,105 | €472,067 | +€55,961 | +13.4% |
| Operating profit (loss) | 9901 | -€72,810 | -€84,381 | -€11,571 | -15.9% |
| Financial income | 75/76B | €4,804 | €103 | -€4,700 | -97.8% |
| Recurring financial income | 75 | €4,804 | €103 | -€4,700 | -97.8% |
| Financial charges | 65/66B | €9,046 | €48,916 | +€39,871 | +441% |
| Recurring financial charges | 65 | €9,046 | €48,916 | +€39,871 | +441% |
| Profit (loss) for the period before taxes | 9903 | -€77,052 | -€133,194 | -€56,142 | -72.9% |
| Income taxes | 67/77 | - | €275 | +€275 | |
| Profit (loss) for the period | 9904 | -€77,052 | -€133,470 | -€56,418 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,052 | -€133,470 | -€56,418 | -73.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.