TOP ASFALIS: 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.
TOP ASFALIS
Largest movements
- Receivables within one year -€14,367
down €14,367 (-5.0%), from €287,111 to €272,743
- Profit (loss) carried forward -€14,965
down €14,965 (-7.0%), from €213,828 to €198,863
- Debts after one year +€9,061
up €9,061 (+24.7%), from €36,679 to €45,740
- Current portion of long-term debt -€4,968
down €4,968 (-67.4%), from €7,368 to €2,400
- Tax, wage and social debts -€2,964
down €2,964 (-29.8%), from €9,958 to €6,994
- Taxes -€48,019
down €48,019 (-97.5%), from €49,248 to €1,229
- Gross operating margin -€39,706
down €39,706, from €24,942 to -€14,764
- Financial income +€15,414
up €15,414 (+59,241%), from €26 to €15,440
- Financial charges -€14,633
down €14,633 (-66.0%), from €22,158 to €7,526
- Other operating charges -€1,497
down €1,497 (-20.5%), from €7,297 to €5,800
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 | €289,849 | €275,057 | -€14,792 | -5.1% |
| Fixed assets | 21/28 | €1,907 | €504 | -€1,403 | -73.5% |
| Tangible fixed assets | 22/27 | €1,907 | €504 | -€1,403 | -73.5% |
| Plant, machinery and equipment | 23 | €289 | - | -€289 | |
| Furniture and vehicles | 24 | €1,618 | €504 | -€1,113 | -68.8% |
| Current assets | 29/58 | €287,942 | €274,553 | -€13,389 | -4.7% |
| Amounts receivable within one year | 40/41 | €287,111 | €272,743 | -€14,367 | -5.0% |
| Other amounts receivable | 41 | €287,111 | €272,743 | -€14,367 | -5.0% |
| Cash at bank and in hand | 54/58 | €832 | €1,809 | +€978 | +118% |
| Total equity and liabilities | 10/49 | €289,849 | €275,057 | -€14,792 | -5.1% |
| Equity | 10/15 | €234,888 | €219,923 | -€14,965 | -6.4% |
| Reserves | 13 | €21,060 | €21,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,200 | €19,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,828 | €198,863 | -€14,965 | -7.0% |
| Amounts payable | 17/49 | €54,961 | €55,134 | +€173 | +0.3% |
| Amounts payable after more than one year | 17 | €36,679 | €45,740 | +€9,061 | +24.7% |
| Financial debts | 170/4 | €36,679 | €45,740 | +€9,061 | +24.7% |
| Amounts payable within one year | 42/48 | €18,282 | €9,394 | -€8,888 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €7,368 | €2,400 | -€4,968 | -67.4% |
| Trade debts | 44 | €956 | - | -€956 | |
| Suppliers | 440/4 | €956 | - | -€956 | |
| Taxes, remuneration and social security | 45 | €9,958 | €6,994 | -€2,964 | -29.8% |
| Taxes | 450/3 | €9,958 | €6,994 | -€2,964 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,101 | €1,086 | -€1,015 | -48.3% |
| Other operating charges | 640/8 | €7,297 | €5,800 | -€1,497 | -20.5% |
| Non-recurring operating charges | 66A | €12,901 | - | -€12,901 | |
| Gross operating margin | 9900 | €24,942 | -€14,764 | -€39,706 | |
| Operating profit (loss) | 9901 | €2,643 | -€21,650 | -€24,294 | |
| Financial income | 75/76B | €26 | €15,440 | +€15,414 | +59,241% |
| Recurring financial income | 75 | €26 | €15,440 | +€15,414 | +59,241% |
| Financial charges | 65/66B | €22,158 | €7,526 | -€14,633 | -66.0% |
| Recurring financial charges | 65 | €22,158 | €7,526 | -€14,633 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,489 | -€13,736 | +€5,753 | +29.5% |
| Income taxes | 67/77 | €49,248 | €1,229 | -€48,019 | -97.5% |
| Profit (loss) for the period | 9904 | -€68,737 | -€14,965 | +€53,772 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,737 | -€14,965 | +€53,772 | +78.2% |
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 25 October 2026 via checked.be.