aSc: 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.
aSc
Largest movements
- Receivables within one year +€86,356
up €86,356 (+96.3%), from €89,652 to €176,009
of which Other amounts receivable: +€62,382
- Cash -€35,749
down €35,749 (-88.9%), from €40,227 to €4,479
mainly Receivables within one year (-€86,356) and Current portion of long-term debt (-€20,145)
- Tangible fixed assets -€7,380
down €7,380 (-23.0%), from €32,080 to €24,700
of which Other tangible fixed assets: -€6,283
- Deferred charges and accrued income -€3,442
down €3,442 (-79.4%), from €4,335 to €892
- Profit (loss) carried forward +€48,325
up €48,325 (+84.3%), from €57,334 to €105,659
- Current portion of long-term debt -€20,145
down €20,145 (-61.4%), from €32,835 to €12,689
- Debts after one year -€11,822
down €11,822 (-30.7%), from €38,470 to €26,648
- Short-term financial debts +€10,158
new in 2025: €10,158
- Trade debts +€8,676
up €8,676 (+46.8%), from €18,526 to €27,202
- Gross operating margin +€65,556
up €65,556 (+58.3%), from €112,440 to €177,996
- Financial charges +€19,289
up €19,289 (+32.8%), from €58,734 to €78,022
- Taxes +€10,736
up €10,736 (+112.3%), from €9,563 to €20,299
- Staff costs -€9,191
down €9,191 (-31.1%), from €29,597 to €20,406
- Other operating charges +€3,025
up €3,025 (+192.2%), from €1,574 to €4,599
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 | €176,218 | €215,993 | +€39,776 | +22.6% |
| Fixed assets | 21/28 | €32,539 | €25,159 | -€7,380 | -22.7% |
| Tangible fixed assets | 22/27 | €32,080 | €24,700 | -€7,380 | -23.0% |
| Plant, machinery and equipment | 23 | €250 | €150 | -€100 | -40.0% |
| Furniture and vehicles | 24 | €4,437 | €3,440 | -€997 | -22.5% |
| Other tangible fixed assets | 26 | €27,393 | €21,110 | -€6,283 | -22.9% |
| Financial fixed assets | 28 | €459 | €459 | = | 0.0% |
| Current assets | 29/58 | €143,678 | €190,834 | +€47,156 | +32.8% |
| Stocks and contracts in progress | 3 | €9,464 | €9,455 | -€10 | -0.1% |
| Stocks | 30/36 | €9,464 | €9,455 | -€10 | -0.1% |
| Amounts receivable within one year | 40/41 | €89,652 | €176,009 | +€86,356 | +96.3% |
| Trade receivables | 40 | €11,366 | €35,340 | +€23,975 | +210.9% |
| Other amounts receivable | 41 | €78,286 | €140,668 | +€62,382 | +79.7% |
| Cash at bank and in hand | 54/58 | €40,227 | €4,479 | -€35,749 | -88.9% |
| Deferred charges and accrued income | 490/1 | €4,335 | €892 | -€3,442 | -79.4% |
| Total equity and liabilities | 10/49 | €176,218 | €215,993 | +€39,776 | +22.6% |
| Equity | 10/15 | €60,334 | €108,659 | +€48,325 | +80.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,334 | €105,659 | +€48,325 | +84.3% |
| Amounts payable | 17/49 | €115,884 | €107,334 | -€8,550 | -7.4% |
| Amounts payable after more than one year | 17 | €38,470 | €26,648 | -€11,822 | -30.7% |
| Financial debts | 170/4 | €38,470 | €26,648 | -€11,822 | -30.7% |
| Amounts payable within one year | 42/48 | €77,151 | €80,411 | +€3,260 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €32,835 | €12,689 | -€20,145 | -61.4% |
| Financial debts | 43 | - | €10,158 | +€10,158 | |
| Credit institutions | 430/8 | - | €10,158 | +€10,158 | |
| Trade debts | 44 | €18,526 | €27,202 | +€8,676 | +46.8% |
| Suppliers | 440/4 | €18,526 | €27,202 | +€8,676 | +46.8% |
| Taxes, remuneration and social security | 45 | €25,790 | €30,361 | +€4,571 | +17.7% |
| Taxes | 450/3 | €21,788 | €30,160 | +€8,372 | +38.4% |
| Remuneration and social security | 454/9 | €4,002 | €201 | -€3,801 | -95.0% |
| Accrued charges and deferred income | 492/3 | €264 | €276 | +€12 | +4.7% |
| Remuneration, social security and pensions | 62 | €29,597 | €20,406 | -€9,191 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,314 | €11,853 | +€539 | +4.8% |
| Other operating charges | 640/8 | €1,574 | €4,599 | +€3,025 | +192.2% |
| Gross operating margin | 9900 | €112,440 | €177,996 | +€65,556 | +58.3% |
| Operating profit (loss) | 9901 | €69,956 | €141,139 | +€71,183 | +101.8% |
| Financial income | 75/76B | €4,070 | €5,508 | +€1,438 | +35.3% |
| Recurring financial income | 75 | €4,070 | €5,508 | +€1,438 | +35.3% |
| Financial charges | 65/66B | €58,734 | €78,022 | +€19,289 | +32.8% |
| Recurring financial charges | 65 | €58,734 | €78,022 | +€19,289 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €15,292 | €68,625 | +€53,333 | +348.8% |
| Income taxes | 67/77 | €9,563 | €20,299 | +€10,736 | +112.3% |
| Profit (loss) for the period | 9904 | €5,728 | €48,325 | +€42,597 | +743.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,728 | €48,325 | +€42,597 | +743.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.