ASCAY: 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.
ASCAY
Largest movements
- Financial fixed assets +€88,000
up €88,000 (+18.7%), from €470,489 to €558,489
- Cash -€8,904
down €8,904 (-53.3%), from €16,701 to €7,797
mainly Investment in fixed assets (net) (-€88,000) and Current portion of long-term debt (-€17,199)
- Other debts +€58,973
up €58,973 (+21.6%), from €272,434 to €331,407
- Debts after one year +€25,498
up €25,498 (+197%), from €12,917 to €38,415
- Current portion of long-term debt -€17,199
down €17,199 (-43.6%), from €39,430 to €22,230
- Reserves +€7,487
up €7,487 (+5.0%), from €150,931 to €158,418
- Gross operating margin +€17,607
up €17,607 (+130%), from €13,555 to €31,162
- Financial charges +€5,831
up €5,831 (+60.2%), from €9,679 to €15,511
- Taxes +€3,274
up €3,274 (+402%), from €813 to €4,087
- Depreciation -€359
down €359 (-14.7%), from €2,433 to €2,074
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 | €498,483 | €573,618 | +€75,135 | +15.1% |
| Fixed assets | 21/28 | €474,430 | €560,356 | +€85,926 | +18.1% |
| Tangible fixed assets | 22/27 | €3,941 | €1,866 | -€2,074 | -52.6% |
| Plant, machinery and equipment | 23 | €3,941 | €1,866 | -€2,074 | -52.6% |
| Financial fixed assets | 28 | €470,489 | €558,489 | +€88,000 | +18.7% |
| Current assets | 29/58 | €24,053 | €13,262 | -€10,791 | -44.9% |
| Amounts receivable within one year | 40/41 | €7,187 | €5,274 | -€1,913 | -26.6% |
| Trade receivables | 40 | - | €1,324 | +€1,324 | |
| Other amounts receivable | 41 | €7,187 | €3,950 | -€3,237 | -45.0% |
| Cash at bank and in hand | 54/58 | €16,701 | €7,797 | -€8,904 | -53.3% |
| Deferred charges and accrued income | 490/1 | €166 | €192 | +€26 | +15.8% |
| Total equity and liabilities | 10/49 | €498,483 | €573,618 | +€75,135 | +15.1% |
| Equity | 10/15 | €157,131 | €164,618 | +€7,487 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €150,931 | €158,418 | +€7,487 | +5.0% |
| Distributable reserves | 133 | €150,931 | €158,418 | +€7,487 | +5.0% |
| Amounts payable | 17/49 | €341,352 | €409,000 | +€67,648 | +19.8% |
| Amounts payable after more than one year | 17 | €12,917 | €38,415 | +€25,498 | +197% |
| Financial debts | 170/4 | €12,917 | €38,415 | +€25,498 | +197% |
| Amounts payable within one year | 42/48 | €328,098 | €370,225 | +€42,127 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €39,430 | €22,230 | -€17,199 | -43.6% |
| Financial debts | 43 | €8,124 | €8,146 | +€22 | +0.3% |
| Other loans | 439 | €8,124 | €8,146 | +€22 | +0.3% |
| Trade debts | 44 | €1,769 | €2,184 | +€415 | +23.5% |
| Suppliers | 440/4 | €1,769 | €2,184 | +€415 | +23.5% |
| Taxes, remuneration and social security | 45 | €6,341 | €6,257 | -€84 | -1.3% |
| Taxes | 450/3 | €6,341 | €6,257 | -€84 | -1.3% |
| Other amounts payable | 47/48 | €272,434 | €331,407 | +€58,973 | +21.6% |
| Accrued charges and deferred income | 492/3 | €337 | €360 | +€23 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,433 | €2,074 | -€359 | -14.7% |
| Other operating charges | 640/8 | €449 | €459 | +€10 | +2.2% |
| Gross operating margin | 9900 | €13,555 | €31,162 | +€17,607 | +130% |
| Operating profit (loss) | 9901 | €10,674 | €28,629 | +€17,955 | +168% |
| Financial income | 75/76B | - | €122 | +€122 | |
| Recurring financial income | 75 | - | €122 | +€122 | |
| Financial charges | 65/66B | €9,679 | €15,511 | +€5,831 | +60.2% |
| Recurring financial charges | 65 | €9,679 | €15,511 | +€5,831 | +60.2% |
| Profit (loss) for the period before taxes | 9903 | €994 | €13,240 | +€12,246 | +1,232% |
| Income taxes | 67/77 | €813 | €4,087 | +€3,274 | +402% |
| Profit (loss) for the period | 9904 | €181 | €9,153 | +€8,972 | +4,961% |
| Profit (loss) for the period to be appropriated | 9905 | €181 | €9,153 | +€8,972 | +4,961% |
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 14 October 2026 via checked.be.