ASCENDO: 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.
ASCENDO
Largest movements
- Receivables within one year +€87,796
up €87,796 (+94.6%), from €92,791 to €180,587
of which Trade receivables: +€96,572
- Cash -€82,427
down €82,427 (-14.6%), from €565,331 to €482,904
mainly Contributions, distributions and other (-€282,816) and Receivables within one year (-€87,796)
- Tangible fixed assets -€47,036
down €47,036 (-6.5%), from €726,247 to €679,210
- Reserves -€281,186
down €281,186 (-23.6%), from €1.2m to €909,654
of which Distributable reserves: -€281,186
- Other debts +€260,281
up €260,281 (+1,053%), from €24,723 to €285,004
- Gross operating margin +€132,990
up €132,990, from -€76,228 to €56,763
- Depreciation +€9,645
up €9,645 (+25.3%), from €38,171 to €47,816
- Taxes +€846
up €846 (+218%), from €388 to €1,234
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 | €1,404,936 | €1,361,280 | -€43,657 | -3.1% |
| Fixed assets | 21/28 | €739,531 | €691,714 | -€47,816 | -6.5% |
| Intangible fixed assets | 21 | €1,704 | €924 | -€780 | -45.8% |
| Tangible fixed assets | 22/27 | €726,247 | €679,210 | -€47,036 | -6.5% |
| Land and buildings | 22 | €454,696 | €437,907 | -€16,789 | -3.7% |
| Furniture and vehicles | 24 | €188,775 | €172,317 | -€16,459 | -8.7% |
| Other tangible fixed assets | 26 | €82,775 | €68,986 | -€13,789 | -16.7% |
| Financial fixed assets | 28 | €11,580 | €11,580 | = | 0.0% |
| Current assets | 29/58 | €665,406 | €669,565 | +€4,160 | +0.6% |
| Amounts receivable within one year | 40/41 | €92,791 | €180,587 | +€87,796 | +94.6% |
| Trade receivables | 40 | €65,249 | €161,821 | +€96,572 | +148% |
| Other amounts receivable | 41 | €27,542 | €18,766 | -€8,776 | -31.9% |
| Cash at bank and in hand | 54/58 | €565,331 | €482,904 | -€82,427 | -14.6% |
| Deferred charges and accrued income | 490/1 | €7,284 | €6,075 | -€1,209 | -16.6% |
| Total equity and liabilities | 10/49 | €1,404,936 | €1,361,280 | -€43,657 | -3.1% |
| Equity | 10/15 | €1,351,355 | €1,070,169 | -€281,186 | -20.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,190,839 | €909,654 | -€281,186 | -23.6% |
| Non-distributable reserves | 130/1 | €21,225 | €21,225 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,225 | €21,225 | = | 0.0% |
| Distributable reserves | 133 | €1,169,614 | €888,429 | -€281,186 | -24.0% |
| Profit (loss) carried forward | 14 | €154,316 | €154,316 | = | 0.0% |
| Amounts payable | 17/49 | €53,581 | €291,110 | +€237,529 | +443% |
| Amounts payable within one year | 42/48 | €50,057 | €291,110 | +€241,053 | +482% |
| Trade debts | 44 | €10,996 | €3,015 | -€7,981 | -72.6% |
| Suppliers | 440/4 | €10,996 | €3,015 | -€7,981 | -72.6% |
| Taxes, remuneration and social security | 45 | €14,338 | €3,092 | -€11,247 | -78.4% |
| Taxes | 450/3 | €14,338 | €3,092 | -€11,247 | -78.4% |
| Other amounts payable | 47/48 | €24,723 | €285,004 | +€260,281 | +1,053% |
| Accrued charges and deferred income | 492/3 | €3,524 | €0 | -€3,524 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,171 | €47,816 | +€9,645 | +25.3% |
| Other operating charges | 640/8 | €5,392 | €5,637 | +€244 | +4.5% |
| Non-recurring operating charges | 66A | €3,152 | €0 | -€3,152 | -100% |
| Gross operating margin | 9900 | -€76,228 | €56,763 | +€132,990 | |
| Operating profit (loss) | 9901 | -€122,943 | €3,309 | +€126,252 | |
| Financial income | 75/76B | - | €66 | +€66 | |
| Recurring financial income | 75 | - | €66 | +€66 | |
| Financial charges | 65/66B | €625 | €511 | -€114 | -18.3% |
| Recurring financial charges | 65 | €625 | €511 | -€114 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€123,568 | €2,865 | +€126,433 | |
| Income taxes | 67/77 | €388 | €1,234 | +€846 | +218% |
| Profit (loss) for the period | 9904 | -€123,956 | €1,630 | +€125,587 | |
| Profit (loss) for the period to be appropriated | 9905 | -€123,956 | €1,630 | +€125,587 |
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 15 October 2026 via checked.be.