ASC CONSTRUCTION: what changed
Two fiscal 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 CONSTRUCTION
Largest movements
- Receivables within one year +€72,777
up €72,777 (+51.4%), from €141,722 to €214,499
of which Trade receivables: +€74,556
- Cash -€56,348
down €56,348 (-88.7%), from €63,557 to €7,209
mainly Receivables within one year (-€72,777) and Debts after one year (-€30,791)
- Tangible fixed assets -€39,553
down €39,553 (-21.4%), from €185,106 to €145,553
of which Plant, machinery and equipment: -€29,140
- Stocks and contracts -€16,867
down €16,867 (-77.2%), from €21,849 to €4,982
- Debts after one year -€30,791
down €30,791 (-40.9%), from €75,238 to €44,447
- Trade debts -€28,454
down €28,454 (-42.1%), from €67,618 to €39,165
- Other debts +€19,956
up €19,956 (+19.3%), from €103,448 to €123,403
- Tax, wage and social debts -€5,003
down €5,003 (-44.4%), from €11,259 to €6,256
of which Taxes: -€11,247
- Staff costs -€48,598
down €48,598 (-26.3%), from €184,530 to €135,932
- Gross operating margin +€25,438
up €25,438 (+15.4%), from €165,540 to €190,978
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 | €432,483 | €388,203 | -€44,281 | -10.2% |
| Fixed assets | 21/28 | €197,860 | €155,307 | -€42,553 | -21.5% |
| Intangible fixed assets | 21 | €11,688 | €8,688 | -€3,000 | -25.7% |
| Tangible fixed assets | 22/27 | €185,106 | €145,553 | -€39,553 | -21.4% |
| Plant, machinery and equipment | 23 | €145,000 | €115,860 | -€29,140 | -20.1% |
| Furniture and vehicles | 24 | €40,106 | €29,693 | -€10,413 | -26.0% |
| Financial fixed assets | 28 | €1,066 | €1,066 | = | 0.0% |
| Current assets | 29/58 | €234,624 | €232,896 | -€1,728 | -0.7% |
| Stocks and contracts in progress | 3 | €21,849 | €4,982 | -€16,867 | -77.2% |
| Stocks | 30/36 | €21,849 | €4,982 | -€16,867 | -77.2% |
| Amounts receivable within one year | 40/41 | €141,722 | €214,499 | +€72,777 | +51.4% |
| Trade receivables | 40 | €99,647 | €174,203 | +€74,556 | +74.8% |
| Other amounts receivable | 41 | €42,075 | €40,296 | -€1,780 | -4.2% |
| Cash at bank and in hand | 54/58 | €63,557 | €7,209 | -€56,348 | -88.7% |
| Deferred charges and accrued income | 490/1 | €7,496 | €6,206 | -€1,289 | -17.2% |
| Total equity and liabilities | 10/49 | €432,483 | €388,203 | -€44,281 | -10.2% |
| Equity | 10/15 | €141,664 | €142,758 | +€1,093 | +0.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €193,319 | €193,319 | = | 0.0% |
| Distributable reserves | 133 | €193,319 | €193,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,114 | -€71,021 | +€1,093 | +1.5% |
| Amounts payable | 17/49 | €290,819 | €245,445 | -€45,374 | -15.6% |
| Amounts payable after more than one year | 17 | €75,238 | €44,447 | -€30,791 | -40.9% |
| Financial debts | 170/4 | €75,238 | €44,447 | -€30,791 | -40.9% |
| Amounts payable within one year | 42/48 | €214,351 | €199,615 | -€14,736 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €32,026 | €30,791 | -€1,235 | -3.9% |
| Trade debts | 44 | €67,618 | €39,165 | -€28,454 | -42.1% |
| Suppliers | 440/4 | €67,618 | €39,165 | -€28,454 | -42.1% |
| Taxes, remuneration and social security | 45 | €11,259 | €6,256 | -€5,003 | -44.4% |
| Taxes | 450/3 | €11,259 | €12 | -€11,247 | -99.9% |
| Remuneration and social security | 454/9 | - | €6,243 | +€6,243 | |
| Other amounts payable | 47/48 | €103,448 | €123,403 | +€19,956 | +19.3% |
| Accrued charges and deferred income | 492/3 | €1,230 | €1,383 | +€153 | +12.4% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | €184,530 | €135,932 | -€48,598 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,380 | €45,869 | -€511 | -1.1% |
| Other operating charges | 640/8 | €663 | €895 | +€232 | +35.0% |
| Gross operating margin | 9900 | €165,540 | €190,978 | +€25,438 | +15.4% |
| Operating profit (loss) | 9901 | -€66,033 | €8,282 | +€74,315 | |
| Financial income | 75/76B | €348 | €396 | +€48 | +13.7% |
| Recurring financial income | 75 | €348 | €396 | +€48 | +13.7% |
| Financial charges | 65/66B | €6,430 | €7,585 | +€1,155 | +18.0% |
| Recurring financial charges | 65 | €6,430 | €7,585 | +€1,155 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | -€72,114 | €1,093 | +€73,208 | |
| Profit (loss) for the period | 9904 | -€72,114 | €1,093 | +€73,208 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,114 | €1,093 | +€73,208 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.