ADSCENSIO: 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.
ADSCENSIO
Largest movements
- Receivables within one year -€16,234
down €16,234 (-43.8%), from €37,091 to €20,857
of which Other amounts receivable: -€8,578
- Current investments +€11,752
up €11,752 (+12.0%), from €97,560 to €109,312
- Cash -€4,370
down €4,370 (-25.6%), from €17,063 to €12,693
mainly Contributions, distributions and other (-€52,424) and Current investments (-€11,752)
- Tangible fixed assets -€3,356
down €3,356 (-2.4%), from €137,913 to €134,557
of which Furniture and vehicles: -€1,788
- Other debts +€12,397
up €12,397 (+3028.8%), from €409 to €12,807
- Tax, wage and social debts -€9,442
down €9,442 (-77.8%), from €12,143 to €2,701
- Reserves -€8,246
down €8,246 (-4.6%), from €179,153 to €170,908
of which Distributable reserves: -€8,246
- Debts after one year -€7,855
down €7,855 (-9.9%), from €79,420 to €71,565
- Financial income +€12,534
up €12,534 (+3850.7%), from €326 to €12,860
of which Financial income: +€6,652
- Gross operating margin -€6,917
down €6,917 (-10.4%), from €66,713 to €59,796
- Financial charges -€5,332
down €5,332 (-48.8%), from €10,926 to €5,594
of which Financial charges: -€4,417
- Other operating charges -€1,580
down €1,580 (-87.0%), from €1,817 to €237
- Depreciation +€738
up €738 (+20.8%), from €3,551 to €4,289
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 | €292,149 | €279,307 | -€12,842 | -4.4% |
| Fixed assets | 21/28 | €137,913 | €134,557 | -€3,356 | -2.4% |
| Tangible fixed assets | 22/27 | €137,913 | €134,557 | -€3,356 | -2.4% |
| Land and buildings | 22 | €128,949 | €127,818 | -€1,131 | -0.9% |
| Plant, machinery and equipment | 23 | €1,926 | €1,489 | -€437 | -22.7% |
| Furniture and vehicles | 24 | €7,038 | €5,250 | -€1,788 | -25.4% |
| Current assets | 29/58 | €154,236 | €144,750 | -€9,486 | -6.2% |
| Amounts receivable within one year | 40/41 | €37,091 | €20,857 | -€16,234 | -43.8% |
| Trade receivables | 40 | €23,915 | €16,259 | -€7,656 | -32.0% |
| Other amounts receivable | 41 | €13,176 | €4,598 | -€8,578 | -65.1% |
| Current investments | 50/53 | €97,560 | €109,312 | +€11,752 | +12.0% |
| Cash at bank and in hand | 54/58 | €17,063 | €12,693 | -€4,370 | -25.6% |
| Deferred charges and accrued income | 490/1 | €2,522 | €1,888 | -€635 | -25.2% |
| Total equity and liabilities | 10/49 | €292,149 | €279,307 | -€12,842 | -4.4% |
| Equity | 10/15 | €191,553 | €183,308 | -€8,246 | -4.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €179,153 | €170,908 | -€8,246 | -4.6% |
| 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 | €177,293 | €169,048 | -€8,246 | -4.7% |
| Amounts payable | 17/49 | €100,596 | €95,999 | -€4,597 | -4.6% |
| Amounts payable after more than one year | 17 | €79,420 | €71,565 | -€7,855 | -9.9% |
| Financial debts | 170/4 | €79,420 | €71,565 | -€7,855 | -9.9% |
| Amounts payable within one year | 42/48 | €21,176 | €24,435 | +€3,258 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €7,533 | €7,855 | +€322 | +4.3% |
| Trade debts | 44 | €1,091 | €1,072 | -€19 | -1.7% |
| Suppliers | 440/4 | €1,091 | €1,072 | -€19 | -1.7% |
| Taxes, remuneration and social security | 45 | €12,143 | €2,701 | -€9,442 | -77.8% |
| Taxes | 450/3 | €12,143 | €2,701 | -€9,442 | -77.8% |
| Other amounts payable | 47/48 | €409 | €12,807 | +€12,397 | +3028.8% |
| Non-recurring operating income | 76A | €62,372 | - | -€62,372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,551 | €4,289 | +€738 | +20.8% |
| Other operating charges | 640/8 | €1,817 | €237 | -€1,580 | -87.0% |
| Gross operating margin | 9900 | €66,713 | €59,796 | -€6,917 | -10.4% |
| Operating profit (loss) | 9901 | €61,346 | €55,271 | -€6,075 | -9.9% |
| Financial income | 75/76B | €326 | €12,860 | +€12,534 | +3850.7% |
| Recurring financial income | 75 | €326 | €6,977 | +€6,652 | +2043.5% |
| Non-recurring financial income | 76B | - | €5,882 | +€5,882 | |
| Financial charges | 65/66B | €10,926 | €5,594 | -€5,332 | -48.8% |
| Recurring financial charges | 65 | €10,010 | €5,594 | -€4,417 | -44.1% |
| Non-recurring financial charges | 66B | €915 | - | -€915 | |
| Profit (loss) for the period before taxes | 9903 | €50,746 | €62,537 | +€11,791 | +23.2% |
| Income taxes | 67/77 | €17,711 | €18,358 | +€647 | +3.7% |
| Profit (loss) for the period | 9904 | €33,034 | €44,178 | +€11,144 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,034 | €44,178 | +€11,144 | +33.7% |
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 10 October 2026 via checked.be.