Ascend Performance Materials: 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.
What changed
Ascend Performance Materials
NACE 46.851, Wholesale of industrial chemicals
financial year 2023 compared with 2022filed annual accounts (NBB)
Net result for the year
€1.2m
2022 · €1.1m+€91,365
Equity
€5.3m
2022 · €4.1m+€1.2m
Cash
€683,427
2022 · €1.4m-€697,004
Balance sheet total
€11.5m
2022 · €10.7m+€800,484
Largest movements
Assets
- Receivables within one year +€1.5m
up €1.5m (+16.7%), from €8.8m to €10.2m
of which Trade receivables: +€1.5m
- Cash -€697,004
down €697,004 (-50.5%), from €1.4m to €683,427
mainly Receivables within one year (-€1.5m) and Trade debts (-€778,625)
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+33.3%), from €3.6m to €4.8m
- Trade debts -€778,625
down €778,625 (-45.9%), from €1.7m to €919,291
- Tax, wage and social debts +€445,967
up €445,967 (+9.5%), from €4.7m to €5.1m
of which Taxes: +€241,852
Income statement
- Services and other goods -€3.1m
down €3.1m (-30.0%), from €10.2m to €7.1m
- Turnover -€2.4m
down €2.4m (-10.2%), from €23.3m to €20.9m
- Taxes -€1.9m
down €1.9m (-78.0%), from €2.5m to €549,502
of which Taxes: -€1.9m
- Provisions +€1.6m
up €1.6m (+99.3%), from -€1.6m to -€11,977
- Staff costs +€860,440
up €860,440 (+7.8%), from €11.1m to €11.9m
From the 2022 result to the 2023 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.
Result 2022
€1.1m
Turnover
-€2.4m
Other operating income
-€343,389
Services and other goods
+€3.1m
Staff costs
-€860,440
Depreciation
+€19,055
Provisions
-€1.6m
Other operating charges
+€196,913
Financial income
+€40,841
Financial charges
+€35,385
Taxes
+€1.9m
Result 2023
€1.2m
raises the resultlowers the result
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€692,674
Investment
-€4,330
Financing
€0
Cash 2022
€1.4m
From operations (derived)
-€692,674
Net result for the year
+€1.2m
Depreciation
+€85,627
Receivables within one year
-€1.5m
Deferred charges and accrued income
-€113,302
Provisions
-€11,977
Trade debts
-€778,625
Tax, wage and social debts
+€445,967
Accrued charges and deferred income
-€45,162
Investment (derived)
-€4,330
Investment in fixed assets (net)
-€4,330
Cash 2023
€683,427
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,734,527 | €11,535,011 | +€800,484 | +7.5% |
| Fixed assets | 21/28 | €387,796 | €306,499 | -€81,297 | -21.0% |
| Tangible fixed assets | 22/27 | €387,796 | €306,499 | -€81,297 | -21.0% |
| Furniture and vehicles | 24 | €97,714 | €59,642 | -€38,071 | -39.0% |
| Other tangible fixed assets | 26 | €290,082 | €246,856 | -€43,225 | -14.9% |
| Current assets | 29/58 | €10,346,732 | €11,228,512 | +€881,781 | +8.5% |
| Amounts receivable within one year | 40/41 | €8,780,973 | €10,246,455 | +€1.5m | +16.7% |
| Trade receivables | 40 | €6,716,994 | €8,192,609 | +€1.5m | +22.0% |
| Other amounts receivable | 41 | €2,063,979 | €2,053,846 | -€10,132 | -0.5% |
| Cash at bank and in hand | 54/58 | €1,380,431 | €683,427 | -€697,004 | -50.5% |
| Deferred charges and accrued income | 490/1 | €185,328 | €298,630 | +€113,302 | +61.1% |
| Total equity and liabilities | 10/49 | €10,734,527 | €11,535,011 | +€800,484 | +7.5% |
| Equity | 10/15 | €4,121,586 | €5,311,867 | +€1.2m | +28.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,571,586 | €4,761,867 | +€1.2m | +33.3% |
| Provisions and deferred taxes | 16 | €111,813 | €99,836 | -€11,977 | -10.7% |
| Provisions for liabilities and charges | 160/5 | €111,813 | €99,836 | -€11,977 | -10.7% |
| Other liabilities and charges | 164/5 | €111,813 | €99,836 | -€11,977 | -10.7% |
| Amounts payable | 17/49 | €6,501,129 | €6,123,309 | -€377,820 | -5.8% |
| Amounts payable within one year | 42/48 | €6,398,620 | €6,065,962 | -€332,658 | -5.2% |
| Trade debts | 44 | €1,697,917 | €919,291 | -€778,625 | -45.9% |
| Suppliers | 440/4 | €1,697,917 | €919,291 | -€778,625 | -45.9% |
| Taxes, remuneration and social security | 45 | €4,700,704 | €5,146,671 | +€445,967 | +9.5% |
| Taxes | 450/3 | €2,938,011 | €3,179,863 | +€241,852 | +8.2% |
| Remuneration and social security | 454/9 | €1,762,693 | €1,966,808 | +€204,115 | +11.6% |
| Accrued charges and deferred income | 492/3 | €102,508 | €57,347 | -€45,162 | -44.1% |
| Operating income | 70/76A | €23,744,245 | €21,027,638 | -€2.7m | -11.4% |
| Turnover | 70 | €23,310,098 | €20,936,880 | -€2.4m | -10.2% |
| Other operating income | 74 | €434,147 | €90,758 | -€343,389 | -79.1% |
| Operating charges | 60/66A | €19,987,944 | €19,202,576 | -€785,368 | -3.9% |
| Services and other goods | 61 | €10,203,497 | €7,146,275 | -€3.1m | -30.0% |
| Remuneration, social security and pensions | 62 | €11,051,177 | €11,911,616 | +€860,440 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,682 | €85,627 | -€19,055 | -18.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,639,360 | -€11,977 | +€1.6m | +99.3% |
| Other operating charges | 640/8 | €267,949 | €71,035 | -€196,913 | -73.5% |
| Operating profit (loss) | 9901 | €3,756,301 | €1,825,063 | -€1.9m | -51.4% |
| Financial income | 75/76B | €36,524 | €77,364 | +€40,841 | +112% |
| Recurring financial income | 75 | €36,524 | €77,364 | +€40,841 | +112% |
| Other financial income | 752/9 | €36,524 | €77,364 | +€40,841 | +112% |
| Financial charges | 65/66B | €198,029 | €162,643 | -€35,385 | -17.9% |
| Recurring financial charges | 65 | €198,029 | €162,643 | -€35,385 | -17.9% |
| Other financial charges | 652/9 | €198,029 | €162,643 | -€35,385 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €3,594,796 | €1,739,783 | -€1.9m | -51.6% |
| Income taxes | 67/77 | €2,495,880 | €549,502 | -€1.9m | -78.0% |
| Taxes | 670/3 | €2,495,880 | €585,262 | -€1.9m | -76.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €35,760 | +€35,760 | |
| Profit (loss) for the period | 9904 | €1,098,916 | €1,190,281 | +€91,365 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,098,916 | €1,190,281 | +€91,365 | +8.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.