AScK: 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.
AScK
Largest movements
- Tangible fixed assets -€118,758
down €118,758 (-11.6%), from €1.0m to €904,870
of which Land and buildings: -€109,690
- Receivables within one year +€38,150
up €38,150 (+110%), from €34,541 to €72,691
of which Trade receivables: +€34,844
- Cash -€12,646
down €12,646 (-27.0%), from €46,914 to €34,268
mainly Trade debts (-€699,944) and Receivables within one year (-€38,150)
- Trade debts -€699,944
down €699,944 (-95.0%), from €736,748 to €36,804
- Debts after one year +€277,409
up €277,409 (+157%), from €177,212 to €454,622
of which Financial debts: +€259,767
- Reserves +€259,781
up €259,781 (+303%), from €85,723 to €345,503
of which Tax-exempt reserves: +€238,781
- Provisions +€59,695
new in 2025: €59,695
- Other debts +€28,546
up €28,546 (+2,549%), from €1,120 to €29,666
- Gross operating margin +€314,472
up €314,472 (+246%), from €127,613 to €442,085
- Other operating charges -€95,975
down €95,975 (-92.1%), from €104,245 to €8,270
- Depreciation -€22,970
down €22,970 (-38.7%), from €59,420 to €36,450
- Financial charges +€18,145
up €18,145 (+137%), from €13,227 to €31,373
- Taxes +€15,699
up €15,699 (+6,494%), from €242 to €15,941
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 | €1,113,194 | €1,015,951 | -€97,243 | -8.7% |
| Fixed assets | 21/28 | €1,023,863 | €905,104 | -€118,758 | -11.6% |
| Tangible fixed assets | 22/27 | €1,023,628 | €904,870 | -€118,758 | -11.6% |
| Land and buildings | 22 | €853,380 | €743,690 | -€109,690 | -12.9% |
| Plant, machinery and equipment | 23 | €146,081 | €39,172 | -€106,909 | -73.2% |
| Furniture and vehicles | 24 | €24,167 | €118,138 | +€93,972 | +389% |
| Assets under construction and advance payments | 27 | - | €3,869 | +€3,869 | |
| Financial fixed assets | 28 | €235 | €235 | = | 0.0% |
| Current assets | 29/58 | €89,331 | €110,847 | +€21,515 | +24.1% |
| Amounts receivable within one year | 40/41 | €34,541 | €72,691 | +€38,150 | +110% |
| Trade receivables | 40 | €15,833 | €50,677 | +€34,844 | +220% |
| Other amounts receivable | 41 | €18,708 | €22,014 | +€3,306 | +17.7% |
| Cash at bank and in hand | 54/58 | €46,914 | €34,268 | -€12,646 | -27.0% |
| Deferred charges and accrued income | 490/1 | €7,876 | €3,888 | -€3,989 | -50.6% |
| Total equity and liabilities | 10/49 | €1,113,194 | €1,015,951 | -€97,243 | -8.7% |
| Equity | 10/15 | €132,357 | €391,191 | +€258,834 | +196% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €85,723 | €345,503 | +€259,781 | +303% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,864 | €242,644 | +€238,781 | +6,180% |
| Distributable reserves | 133 | €80,000 | €101,000 | +€21,000 | +26.3% |
| Profit (loss) carried forward | 14 | €40,437 | €39,490 | -€946 | -2.3% |
| Provisions and deferred taxes | 16 | - | €59,695 | +€59,695 | |
| Deferred taxes | 168 | - | €59,695 | +€59,695 | |
| Amounts payable | 17/49 | €980,837 | €565,065 | -€415,772 | -42.4% |
| Amounts payable after more than one year | 17 | €177,212 | €454,622 | +€277,409 | +157% |
| Financial debts | 170/4 | €148,204 | €407,971 | +€259,767 | +175% |
| Other amounts payable | 178/9 | €29,008 | €46,650 | +€17,642 | +60.8% |
| Amounts payable within one year | 42/48 | €803,625 | €101,480 | -€702,145 | -87.4% |
| Current portion of amounts payable after more than one year | 42 | €45,474 | €30,547 | -€14,927 | -32.8% |
| Financial debts | 43 | €1,255 | - | -€1,255 | |
| Credit institutions | 430/8 | €1,255 | - | -€1,255 | |
| Trade debts | 44 | €736,748 | €36,804 | -€699,944 | -95.0% |
| Suppliers | 440/4 | €736,748 | €36,804 | -€699,944 | -95.0% |
| Taxes, remuneration and social security | 45 | €19,029 | €4,463 | -€14,566 | -76.5% |
| Taxes | 450/3 | €16,640 | €4,463 | -€12,177 | -73.2% |
| Remuneration and social security | 454/9 | €2,389 | - | -€2,389 | |
| Other amounts payable | 47/48 | €1,120 | €29,666 | +€28,546 | +2,549% |
| Accrued charges and deferred income | 492/3 | - | €8,963 | +€8,963 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,420 | €36,450 | -€22,970 | -38.7% |
| Other operating charges | 640/8 | €104,245 | €8,270 | -€95,975 | -92.1% |
| Gross operating margin | 9900 | €127,613 | €442,085 | +€314,472 | +246% |
| Operating profit (loss) | 9901 | -€36,052 | €397,365 | +€433,417 | |
| Financial income | 75/76B | €114 | €143 | +€29 | +25.3% |
| Recurring financial income | 75 | €114 | €143 | +€29 | +25.3% |
| Financial charges | 65/66B | €13,227 | €31,373 | +€18,145 | +137% |
| Recurring financial charges | 65 | €13,227 | €31,373 | +€18,145 | +137% |
| Profit (loss) for the period before taxes | 9903 | -€49,165 | €366,136 | +€415,301 | |
| Transfer from deferred taxes | 780 | - | €1,865 | +€1,865 | |
| Transfer to deferred taxes | 680 | - | €61,560 | +€61,560 | |
| Income taxes | 67/77 | €242 | €15,941 | +€15,699 | +6,494% |
| Profit (loss) for the period | 9904 | -€49,407 | €290,500 | +€339,907 | |
| Transfer from tax-exempt reserves | 789 | - | €7,461 | +€7,461 | |
| Transfer to tax-exempt reserves | 689 | - | €246,242 | +€246,242 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,407 | €51,720 | +€101,126 |
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.