VAN ASBROECK: 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.
VAN ASBROECK
Largest movements
- Tangible fixed assets -€49,492
down €49,492 (-9.0%), from €550,291 to €500,799
of which Land and buildings: -€35,922
- Cash -€15,943
down €15,943 (-78.8%), from €20,224 to €4,281
mainly Net result for the year (-€41,103) and Other debts (-€14,913)
- Profit (loss) carried forward -€35,978
down €35,978 (-3.6%), from -€991,728 to -€1.0m
- Other debts -€14,913
down €14,913 (-2.5%), from €597,238 to €582,325
- Current portion of long-term debt -€8,972
no longer reported in 2025 (was €8,972)
- Depreciation -€2,509
down €2,509 (-4.8%), from €52,002 to €49,493
- Gross operating margin -€1,325
down €1,325 (-12.5%), from €10,584 to €9,259
- Financial charges -€528
down €528 (-81.9%), from €644 to €116
- Taxes +€316
up €316, from -€24 to €292
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 | €572,531 | €507,564 | -€64,967 | -11.3% |
| Fixed assets | 21/28 | €550,291 | €500,799 | -€49,492 | -9.0% |
| Tangible fixed assets | 22/27 | €550,291 | €500,799 | -€49,492 | -9.0% |
| Land and buildings | 22 | €440,695 | €404,773 | -€35,922 | -8.2% |
| Plant, machinery and equipment | 23 | €46,048 | €35,427 | -€10,621 | -23.1% |
| Furniture and vehicles | 24 | €63,548 | €60,598 | -€2,950 | -4.6% |
| Current assets | 29/58 | €22,240 | €6,766 | -€15,474 | -69.6% |
| Amounts receivable within one year | 40/41 | €2,016 | €2,484 | +€468 | +23.2% |
| Trade receivables | 40 | €758 | - | -€758 | |
| Other amounts receivable | 41 | €1,258 | €2,484 | +€1,226 | +97.5% |
| Cash at bank and in hand | 54/58 | €20,224 | €4,281 | -€15,943 | -78.8% |
| Total equity and liabilities | 10/49 | €572,531 | €507,564 | -€64,967 | -11.3% |
| Equity | 10/15 | -€33,798 | -€74,901 | -€41,103 | -121.6% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €57,930 | €52,805 | -€5,125 | -8.8% |
| Tax-exempt reserves | 132 | €57,930 | €52,805 | -€5,125 | -8.8% |
| Profit (loss) carried forward | 14 | -€991,728 | -€1,027,706 | -€35,978 | -3.6% |
| Amounts payable | 17/49 | €606,329 | €582,465 | -€23,864 | -3.9% |
| Amounts payable within one year | 42/48 | €606,329 | €582,465 | -€23,864 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €8,972 | - | -€8,972 | |
| Trade debts | 44 | €119 | €140 | +€21 | +17.6% |
| Suppliers | 440/4 | €119 | €140 | +€21 | +17.6% |
| Other amounts payable | 47/48 | €597,238 | €582,325 | -€14,913 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,002 | €49,493 | -€2,509 | -4.8% |
| Other operating charges | 640/8 | €449 | €462 | +€13 | +2.8% |
| Gross operating margin | 9900 | €10,584 | €9,259 | -€1,325 | -12.5% |
| Operating profit (loss) | 9901 | -€41,867 | -€40,695 | +€1,172 | +2.8% |
| Financial charges | 65/66B | €644 | €116 | -€528 | -81.9% |
| Recurring financial charges | 65 | €644 | €116 | -€528 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | -€42,511 | -€40,811 | +€1,700 | +4.0% |
| Income taxes | 67/77 | -€24 | €292 | +€316 | |
| Profit (loss) for the period | 9904 | -€42,487 | -€41,103 | +€1,384 | +3.3% |
| Transfer from tax-exempt reserves | 789 | €5,723 | €5,125 | -€598 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,764 | -€35,978 | +€786 | +2.1% |
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 9 October 2026 via checked.be.