ASCO: 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.
ASCO
Largest movements
- Receivables within one year +€222,238
up €222,238 (+3411.3%), from €6,515 to €228,752
of which Other amounts receivable: +€218,878
- Cash +€173,857
up €173,857 (+13893.1%), from €1,251 to €175,108
mainly Net result for the year (+€235,100) and Tax, wage and social debts (+€109,003)
- Tangible fixed assets -€115,550
down €115,550 (-64.4%), from €179,464 to €63,914
- Reserves +€235,100
up €235,100 (+3793.6%), from €6,197 to €241,297
of which Distributable reserves: +€235,100
- Tax, wage and social debts +€109,003
new in 2025: €109,003
- Trade debts -€55,394
down €55,394 (-96.4%), from €57,481 to €2,087
- Other debts -€8,164
down €8,164 (-47.6%), from €17,156 to €8,992
- Gross operating margin +€345,278
up €345,278 (+2183.3%), from €15,814 to €361,093
- Taxes +€109,003
new in 2025: €109,003
- Depreciation -€4,637
down €4,637 (-29.4%), from €15,755 to €11,118
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 | €187,230 | €467,774 | +€280,544 | +149.8% |
| Fixed assets | 21/28 | €179,464 | €63,914 | -€115,550 | -64.4% |
| Tangible fixed assets | 22/27 | €179,464 | €63,914 | -€115,550 | -64.4% |
| Land and buildings | 22 | €179,464 | €63,914 | -€115,550 | -64.4% |
| Current assets | 29/58 | €7,766 | €403,860 | +€396,094 | +5100.3% |
| Amounts receivable within one year | 40/41 | €6,515 | €228,752 | +€222,238 | +3411.3% |
| Trade receivables | 40 | - | €3,360 | +€3,360 | |
| Other amounts receivable | 41 | €6,515 | €225,392 | +€218,878 | +3359.7% |
| Cash at bank and in hand | 54/58 | €1,251 | €175,108 | +€173,857 | +13893.1% |
| Total equity and liabilities | 10/49 | €187,230 | €467,774 | +€280,544 | +149.8% |
| Equity | 10/15 | €112,593 | €347,692 | +€235,100 | +208.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €241,297 | +€235,100 | +3793.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | - | €235,100 | +€235,100 | |
| Profit (loss) carried forward | 14 | €44,422 | €44,422 | = | 0.0% |
| Amounts payable | 17/49 | €74,637 | €120,082 | +€45,445 | +60.9% |
| Amounts payable within one year | 42/48 | €74,637 | €120,082 | +€45,445 | +60.9% |
| Trade debts | 44 | €57,481 | €2,087 | -€55,394 | -96.4% |
| Suppliers | 440/4 | €57,481 | €2,087 | -€55,394 | -96.4% |
| Taxes, remuneration and social security | 45 | - | €109,003 | +€109,003 | |
| Taxes | 450/3 | - | €109,003 | +€109,003 | |
| Other amounts payable | 47/48 | €17,156 | €8,992 | -€8,164 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,755 | €11,118 | -€4,637 | -29.4% |
| Other operating charges | 640/8 | €4,109 | €5,109 | +€1,000 | +24.3% |
| Gross operating margin | 9900 | €15,814 | €361,093 | +€345,278 | +2183.3% |
| Operating profit (loss) | 9901 | -€4,049 | €344,866 | +€348,915 | |
| Financial income | 75/76B | €387 | - | -€387 | |
| Recurring financial income | 75 | €387 | - | -€387 | |
| Financial charges | 65/66B | €749 | €763 | +€14 | +1.8% |
| Recurring financial charges | 65 | €749 | €763 | +€14 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,412 | €344,103 | +€348,515 | |
| Income taxes | 67/77 | - | €109,003 | +€109,003 | |
| Profit (loss) for the period | 9904 | -€4,412 | €235,100 | +€239,512 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,412 | €235,100 | +€239,512 |
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 9 October 2026 via checked.be.