VAN ASBROEK: 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 ASBROEK
Largest movements
- Cash +€11,946
up €11,946 (+85.6%), from €13,959 to €25,904
mainly Net result for the year (+€21,533) and Depreciation (+€9,535)
- Tangible fixed assets -€8,436
down €8,436 (-4.3%), from €196,306 to €187,870
of which Land and buildings: -€8,030
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€6,091
down €6,091 (-12.7%), from €47,784 to €41,692
- Taxes -€1,800
down €1,800 (-14.2%), from €12,720 to €10,920
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 | €286,481 | €287,845 | +€1,364 | +0.5% |
| Fixed assets | 21/28 | €196,336 | €187,900 | -€8,436 | -4.3% |
| Tangible fixed assets | 22/27 | €196,306 | €187,870 | -€8,436 | -4.3% |
| Land and buildings | 22 | €192,278 | €184,247 | -€8,030 | -4.2% |
| Plant, machinery and equipment | 23 | €2,352 | €2,670 | +€318 | +13.5% |
| Furniture and vehicles | 24 | €1,676 | €952 | -€724 | -43.2% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €90,145 | €99,946 | +€9,801 | +10.9% |
| Amounts receivable within one year | 40/41 | €71,004 | €68,286 | -€2,719 | -3.8% |
| Trade receivables | 40 | €1 | - | -€1 | |
| Other amounts receivable | 41 | €71,003 | €68,286 | -€2,717 | -3.8% |
| Cash at bank and in hand | 54/58 | €13,959 | €25,904 | +€11,946 | +85.6% |
| Deferred charges and accrued income | 490/1 | €5,182 | €5,756 | +€574 | +11.1% |
| Total equity and liabilities | 10/49 | €286,481 | €287,845 | +€1,364 | +0.5% |
| Equity | 10/15 | €284,634 | €287,321 | +€2,687 | +0.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €277,134 | €279,821 | +€2,687 | +1.0% |
| Distributable reserves | 133 | €277,134 | €279,821 | +€2,687 | +1.0% |
| Amounts payable | 17/49 | €1,848 | €525 | -€1,323 | -71.6% |
| Amounts payable within one year | 42/48 | €1,848 | €525 | -€1,323 | -71.6% |
| Trade debts | 44 | €337 | €225 | -€113 | -33.4% |
| Suppliers | 440/4 | €337 | €225 | -€113 | -33.4% |
| Taxes, remuneration and social security | 45 | €1,510 | €300 | -€1,210 | -80.1% |
| Taxes | 450/3 | €1,510 | €300 | -€1,210 | -80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,544 | €9,535 | -€9 | -0.1% |
| Other operating charges | 640/8 | €2,133 | €2,254 | +€121 | +5.7% |
| Gross operating margin | 9900 | €47,784 | €41,692 | -€6,091 | -12.7% |
| Operating profit (loss) | 9901 | €36,107 | €29,903 | -€6,204 | -17.2% |
| Financial income | 75/76B | €3,949 | €4,073 | +€123 | +3.1% |
| Recurring financial income | 75 | €3,949 | €4,073 | +€123 | +3.1% |
| Financial charges | 65/66B | €1,886 | €1,523 | -€363 | -19.2% |
| Recurring financial charges | 65 | €1,886 | €1,523 | -€363 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €38,170 | €32,453 | -€5,718 | -15.0% |
| Income taxes | 67/77 | €12,720 | €10,920 | -€1,800 | -14.2% |
| Profit (loss) for the period | 9904 | €25,451 | €21,533 | -€3,918 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,451 | €21,533 | -€3,918 | -15.4% |
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.