A.S.C. Projects: 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.
A.S.C. Projects
Largest movements
- Cash +€82,220
up €82,220 (+88.6%), from €92,766 to €174,985
mainly Net result for the year (+€50,655) and Stocks and contracts (+€29,163)
- Receivables within one year +€34,854
up €34,854 (+695%), from €5,017 to €39,871
of which Trade receivables: +€29,743
- Stocks and contracts -€29,163
down €29,163 (-70.6%), from €41,314 to €12,151
of which Stocks: -€16,920
- Tangible fixed assets -€6,845
down €6,845 (-48.1%), from €14,224 to €7,378
of which Furniture and vehicles: -€5,802
- Current investments +€3,668
up €3,668 (+6.2%), from €59,576 to €63,245
- Reserves +€50,650
up €50,650 (+33.9%), from €149,246 to €199,896
of which Distributable reserves: +€50,650
- Trade debts +€14,000
up €14,000 (+146%), from €9,604 to €23,604
- Other debts +€9,668
up €9,668 (+307%), from €3,146 to €12,815
- Tax, wage and social debts +€7,155
up €7,155 (+1,156%), from €619 to €7,773
of which Taxes: +€7,155
- Gross operating margin +€75,551
up €75,551 (+943%), from €8,012 to €83,563
- Taxes +€25,250
up €25,250 (+2,825%), from €894 to €26,144
- Financial charges +€2,732
up €2,732, from -€2,401 to €331
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 | €216,151 | €297,630 | +€81,479 | +37.7% |
| Fixed assets | 21/28 | €14,224 | €7,378 | -€6,845 | -48.1% |
| Tangible fixed assets | 22/27 | €14,224 | €7,378 | -€6,845 | -48.1% |
| Furniture and vehicles | 24 | €6,231 | €429 | -€5,802 | -93.1% |
| Other tangible fixed assets | 26 | €7,993 | €6,949 | -€1,043 | -13.1% |
| Current assets | 29/58 | €201,927 | €290,251 | +€88,324 | +43.7% |
| Stocks and contracts in progress | 3 | €41,314 | €12,151 | -€29,163 | -70.6% |
| Stocks | 30/36 | €29,071 | €12,151 | -€16,920 | -58.2% |
| Contracts in progress | 37 | €12,243 | €0 | -€12,243 | -100% |
| Amounts receivable within one year | 40/41 | €5,017 | €39,871 | +€34,854 | +695% |
| Trade receivables | 40 | €674 | €30,417 | +€29,743 | +4,416% |
| Other amounts receivable | 41 | €4,344 | €9,454 | +€5,110 | +118% |
| Current investments | 50/53 | €59,576 | €63,245 | +€3,668 | +6.2% |
| Cash at bank and in hand | 54/58 | €92,766 | €174,985 | +€82,220 | +88.6% |
| Deferred charges and accrued income | 490/1 | €3,254 | €0 | -€3,254 | -100% |
| Total equity and liabilities | 10/49 | €216,151 | €297,630 | +€81,479 | +37.7% |
| Equity | 10/15 | €171,824 | €222,479 | +€50,655 | +29.5% |
| Contributions | 10/11 | €16,119 | €16,119 | = | 0.0% |
| Reserves | 13 | €149,246 | €199,896 | +€50,650 | +33.9% |
| Tax-exempt reserves | 132 | €8,806 | €8,806 | = | 0.0% |
| Distributable reserves | 133 | €140,439 | €191,089 | +€50,650 | +36.1% |
| Profit (loss) carried forward | 14 | €6,459 | €6,464 | +€5 | +0.1% |
| Provisions and deferred taxes | 16 | €30,958 | €30,958 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,958 | €30,958 | = | 0.0% |
| Pensions and similar obligations | 160 | €30,958 | €30,958 | = | 0.0% |
| Amounts payable | 17/49 | €13,369 | €44,192 | +€30,823 | +231% |
| Amounts payable within one year | 42/48 | €13,369 | €44,192 | +€30,823 | +231% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | +€0 | |
| Trade debts | 44 | €9,604 | €23,604 | +€14,000 | +146% |
| Suppliers | 440/4 | €9,604 | €23,604 | +€14,000 | +146% |
| Taxes, remuneration and social security | 45 | €619 | €7,773 | +€7,155 | +1,156% |
| Taxes | 450/3 | €619 | €7,773 | +€7,155 | +1,156% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,146 | €12,815 | +€9,668 | +307% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,845 | €6,845 | = | 0.0% |
| Other operating charges | 640/8 | €686 | €824 | +€138 | +20.1% |
| Gross operating margin | 9900 | €8,012 | €83,563 | +€75,551 | +943% |
| Operating profit (loss) | 9901 | €481 | €75,894 | +€75,413 | +15,690% |
| Financial income | 75/76B | €921 | €1,236 | +€315 | +34.3% |
| Recurring financial income | 75 | €921 | €1,236 | +€315 | +34.3% |
| Financial charges | 65/66B | -€2,401 | €331 | +€2,732 | |
| Recurring financial charges | 65 | -€2,401 | €331 | +€2,732 | |
| Profit (loss) for the period before taxes | 9903 | €3,803 | €76,800 | +€72,997 | +1,920% |
| Income taxes | 67/77 | €894 | €26,144 | +€25,250 | +2,825% |
| Profit (loss) for the period | 9904 | €2,909 | €50,655 | +€47,746 | +1,641% |
| Profit (loss) for the period to be appropriated | 9905 | €2,909 | €50,655 | +€47,746 | +1,641% |
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 17 October 2026 via checked.be.