ASC Participations: 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 Participations
Largest movements
- Current investments +€1.8m
new in 2025: €1.8m
- Cash -€142,325
down €142,325 (-60.1%), from €236,808 to €94,483
mainly Current investments (-€1.8m) and Contributions, distributions and other (-€373,498)
- Profit (loss) carried forward +€1.7m
up €1.7m (+19.9%), from €8.6m to €10.4m
- Accrued charges and deferred income -€144,272
down €144,272 (-97.9%), from €147,344 to €3,072
- Financial charges -€146,804
down €146,804 (-99.4%), from €147,674 to €869
- Financial income +€112,210
up €112,210 (+5.6%), from €2.0m to €2.1m
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 | €9,141,671 | €10,769,059 | +€1.6m | +17.8% |
| Fixed assets | 21/28 | €8,712,280 | €8,712,280 | = | 0.0% |
| Financial fixed assets | 28 | €8,712,280 | €8,712,280 | = | 0.0% |
| Affiliated companies | 280/1 | €8,712,280 | €8,712,280 | = | 0.0% |
| Participating interests | 280 | €8,712,280 | €8,712,280 | = | 0.0% |
| Current assets | 29/58 | €429,391 | €2,056,779 | +€1.6m | +379% |
| Amounts receivable within one year | 40/41 | €192,582 | €152,069 | -€40,514 | -21.0% |
| Other amounts receivable | 41 | €192,582 | €152,069 | -€40,514 | -21.0% |
| Current investments | 50/53 | - | €1,800,000 | +€1.8m | |
| Other investments | 51/53 | - | €1,800,000 | +€1.8m | |
| Cash at bank and in hand | 54/58 | €236,808 | €94,483 | -€142,325 | -60.1% |
| Deferred charges and accrued income | 490/1 | - | €10,227 | +€10,227 | |
| Total equity and liabilities | 10/49 | €9,141,671 | €10,769,059 | +€1.6m | +17.8% |
| Equity | 10/15 | €8,669,907 | €10,392,489 | +€1.7m | +19.9% |
| Contributions | 10/11 | €30,263 | €30,263 | = | 0.0% |
| Capital | 10 | €30,263 | €30,263 | = | 0.0% |
| Issued capital | 100 | €30,263 | €30,263 | = | 0.0% |
| Reserves | 13 | €3,026 | €3,026 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,026 | €3,026 | = | 0.0% |
| Legal reserve | 130 | €3,026 | €3,026 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,636,618 | €10,359,200 | +€1.7m | +19.9% |
| Amounts payable | 17/49 | €471,764 | €376,570 | -€95,194 | -20.2% |
| Amounts payable within one year | 42/48 | €324,420 | €373,498 | +€49,078 | +15.1% |
| Trade debts | 44 | €449 | - | -€449 | |
| Suppliers | 440/4 | €449 | - | -€449 | |
| Other amounts payable | 47/48 | €323,971 | €373,498 | +€49,527 | +15.3% |
| Accrued charges and deferred income | 492/3 | €147,344 | €3,072 | -€144,272 | -97.9% |
| Operating charges | 60/66A | €3,761 | €3,286 | -€476 | -12.6% |
| Services and other goods | 61 | €3,541 | €3,286 | -€256 | -7.2% |
| Other operating charges | 640/8 | €220 | - | -€220 | |
| Operating profit (loss) | 9901 | -€3,761 | -€3,286 | +€476 | +12.6% |
| Financial income | 75/76B | €1,991,286 | €2,103,496 | +€112,210 | +5.6% |
| Recurring financial income | 75 | €1,991,286 | €2,103,496 | +€112,210 | +5.6% |
| Income from financial fixed assets | 750 | €1,818,969 | €2,086,299 | +€267,330 | +14.7% |
| Income from current assets | 751 | €172,317 | €17,197 | -€155,120 | -90.0% |
| Financial charges | 65/66B | €147,674 | €869 | -€146,804 | -99.4% |
| Recurring financial charges | 65 | €147,674 | €869 | -€146,804 | -99.4% |
| Debt charges | 650 | €147,331 | - | -€147,331 | |
| Other financial charges | 652/9 | €343 | €869 | +€526 | +154% |
| Profit (loss) for the period before taxes | 9903 | €1,839,851 | €2,099,341 | +€259,490 | +14.1% |
| Income taxes | 67/77 | €5,221 | €3,260 | -€1,960 | -37.5% |
| Taxes | 670/3 | €5,221 | €3,260 | -€1,960 | -37.5% |
| Profit (loss) for the period | 9904 | €1,834,631 | €2,096,080 | +€261,450 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,834,631 | €2,096,080 | +€261,450 | +14.3% |
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 23 October 2026 via checked.be.