Ascendance Management: 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.
Ascendance Management
Largest movements
- Current investments +€80,000
new in 2025: €80,000
- Cash -€79,150
down €79,150 (-61.3%), from €129,220 to €50,070
mainly Contributions, distributions and other (-€166,337) and Current investments (-€80,000)
- Tangible fixed assets -€8,625
down €8,625 (-22.4%), from €38,467 to €29,842
of which Furniture and vehicles: -€10,642
- Receivables within one year +€5,805
up €5,805 (+13.1%), from €44,333 to €50,138
- Deferred charges and accrued income +€2,634
up €2,634 (+56.6%), from €4,657 to €7,290
- Reserves -€80,000
down €80,000 (-71.6%), from €111,740 to €31,740
- Other debts +€77,339
up €77,339 (+90.2%), from €85,786 to €163,125
- Tax, wage and social debts +€5,940
up €5,940 (+46.0%), from €12,916 to €18,856
- Trade debts -€2,865
down €2,865 (-43.9%), from €6,525 to €3,660
- Gross operating margin +€2,080
up €2,080 (+1.7%), from €122,374 to €124,454
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 | €216,968 | €217,632 | +€664 | +0.3% |
| Fixed assets | 21/28 | €38,758 | €30,133 | -€8,625 | -22.3% |
| Tangible fixed assets | 22/27 | €38,467 | €29,842 | -€8,625 | -22.4% |
| Furniture and vehicles | 24 | €29,482 | €18,841 | -€10,642 | -36.1% |
| Other tangible fixed assets | 26 | €8,984 | €11,001 | +€2,017 | +22.4% |
| Financial fixed assets | 28 | €291 | €291 | = | 0.0% |
| Current assets | 29/58 | €178,210 | €187,499 | +€9,289 | +5.2% |
| Amounts receivable within one year | 40/41 | €44,333 | €50,138 | +€5,805 | +13.1% |
| Trade receivables | 40 | €44,333 | €50,138 | +€5,805 | +13.1% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €129,220 | €50,070 | -€79,150 | -61.3% |
| Deferred charges and accrued income | 490/1 | €4,657 | €7,290 | +€2,634 | +56.6% |
| Total equity and liabilities | 10/49 | €216,968 | €217,632 | +€664 | +0.3% |
| Equity | 10/15 | €111,741 | €31,741 | -€80,000 | -71.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €111,740 | €31,740 | -€80,000 | -71.6% |
| Distributable reserves | 133 | €111,740 | €31,740 | -€80,000 | -71.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €105,227 | €185,891 | +€80,664 | +76.7% |
| Amounts payable within one year | 42/48 | €105,227 | €185,641 | +€80,414 | +76.4% |
| Trade debts | 44 | €6,525 | €3,660 | -€2,865 | -43.9% |
| Suppliers | 440/4 | €6,525 | €3,660 | -€2,865 | -43.9% |
| Taxes, remuneration and social security | 45 | €12,916 | €18,856 | +€5,940 | +46.0% |
| Taxes | 450/3 | €12,916 | €18,856 | +€5,940 | +46.0% |
| Other amounts payable | 47/48 | €85,786 | €163,125 | +€77,339 | +90.2% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,488 | €11,878 | +€390 | +3.4% |
| Other operating charges | 640/8 | €1,787 | €2,145 | +€358 | +20.0% |
| Gross operating margin | 9900 | €122,374 | €124,454 | +€2,080 | +1.7% |
| Operating profit (loss) | 9901 | €109,099 | €110,430 | +€1,331 | +1.2% |
| Financial income | 75/76B | €1,085 | €793 | -€291 | -26.9% |
| Recurring financial income | 75 | €1,085 | €793 | -€291 | -26.9% |
| Financial charges | 65/66B | €128 | €197 | +€69 | +53.5% |
| Recurring financial charges | 65 | €128 | €197 | +€69 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €110,055 | €111,027 | +€971 | +0.9% |
| Income taxes | 67/77 | €24,329 | €24,690 | +€361 | +1.5% |
| Profit (loss) for the period | 9904 | €85,726 | €86,337 | +€610 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €85,726 | €86,337 | +€610 | +0.7% |
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 10 October 2026 via checked.be.