AscendX: 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.
AscendX
Largest movements
- Tangible fixed assets +€50,337
up €50,337 (+240.4%), from €20,935 to €71,272
of which Furniture and vehicles: +€53,049
- Cash +€35,934
up €35,934 (+160.8%), from €22,349 to €58,283
mainly Other debts (+€60,051) and Receivables within one year (+€17,396)
- Receivables within one year -€17,396
down €17,396 (-79.5%), from €21,886 to €4,491
- Other debts +€60,051
up €60,051 (+189.2%), from €31,744 to €91,795
- Reserves +€12,543
up €12,543 (+75.3%), from €16,656 to €29,199
- Tax, wage and social debts -€4,329
down €4,329 (-31.2%), from €13,894 to €9,564
- Turnover +€77,264
new in 2025: €77,264
- Purchases and services +€43,791
new in 2025: €43,791
- Depreciation +€6,589
up €6,589 (+102.9%), from €6,405 to €12,994
- Taxes -€2,712
down €2,712 (-39.3%), from €6,909 to €4,197
- Other operating charges +€1,089
up €1,089 (+48.0%), from €2,269 to €3,359
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 | €69,074 | €137,409 | +€68,335 | +98.9% |
| Formation expenses | 20 | €262 | €262 | = | 0.0% |
| Fixed assets | 21/28 | €23,142 | €72,939 | +€49,797 | +215.2% |
| Intangible fixed assets | 21 | €2,207 | €1,667 | -€540 | -24.5% |
| Tangible fixed assets | 22/27 | €20,935 | €71,272 | +€50,337 | +240.4% |
| Plant, machinery and equipment | 23 | €10,962 | €8,250 | -€2,712 | -24.7% |
| Furniture and vehicles | 24 | €9,973 | €63,022 | +€53,049 | +531.9% |
| Current assets | 29/58 | €45,669 | €64,207 | +€18,539 | +40.6% |
| Amounts receivable within one year | 40/41 | €21,886 | €4,491 | -€17,396 | -79.5% |
| Trade receivables | 40 | €21,886 | €4,491 | -€17,396 | -79.5% |
| Cash at bank and in hand | 54/58 | €22,349 | €58,283 | +€35,934 | +160.8% |
| Deferred charges and accrued income | 490/1 | €1,433 | €1,433 | = | 0.0% |
| Total equity and liabilities | 10/49 | €69,074 | €137,409 | +€68,335 | +98.9% |
| Equity | 10/15 | €21,656 | €34,199 | +€12,543 | +57.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,656 | €29,199 | +€12,543 | +75.3% |
| Distributable reserves | 133 | €16,656 | €29,199 | +€12,543 | +75.3% |
| Amounts payable | 17/49 | €47,418 | €103,210 | +€55,793 | +117.7% |
| Amounts payable within one year | 42/48 | €47,418 | €103,210 | +€55,793 | +117.7% |
| Trade debts | 44 | €1,780 | €1,851 | +€71 | +4.0% |
| Suppliers | 440/4 | €1,780 | €1,851 | +€71 | +4.0% |
| Taxes, remuneration and social security | 45 | €13,894 | €9,564 | -€4,329 | -31.2% |
| Taxes | 450/3 | €13,894 | €9,564 | -€4,329 | -31.2% |
| Other amounts payable | 47/48 | €31,744 | €91,795 | +€60,051 | +189.2% |
| Turnover | 70 | - | €77,264 | +€77,264 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €43,791 | +€43,791 | |
| Remuneration, social security and pensions | 62 | - | €313 | +€313 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,405 | €12,994 | +€6,589 | +102.9% |
| Other operating charges | 640/8 | €2,269 | €3,359 | +€1,089 | +48.0% |
| Gross operating margin | 9900 | €32,556 | €33,473 | +€917 | +2.8% |
| Operating profit (loss) | 9901 | €23,882 | €16,808 | -€7,074 | -29.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €318 | €69 | -€249 | -78.4% |
| Recurring financial charges | 65 | €318 | €69 | -€249 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | €23,565 | €16,740 | -€6,825 | -29.0% |
| Income taxes | 67/77 | €6,909 | €4,197 | -€2,712 | -39.3% |
| Profit (loss) for the period | 9904 | €16,656 | €12,543 | -€4,113 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,656 | €12,543 | -€4,113 | -24.7% |
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 12 October 2026 via checked.be.