ASCO 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.
ASCO MANAGEMENT
Largest movements
- Cash +€168,597
up €168,597 (+45.2%), from €373,240 to €541,837
mainly Net result for the year (+€156,305) and Tax, wage and social debts (+€9,000)
- Profit (loss) carried forward +€156,305
up €156,305 (+3.9%), from €4.0m to €4.2m
- Financial income -€12,802
down €12,802 (-5.4%), from €238,966 to €226,163
- Gross operating margin -€9,834
new in 2025: -€9,834
- Services and other goods -€7,266
no longer reported in 2025 (was €7,266)
- Taxes -€3,436
down €3,436 (-5.5%), from €62,437 to €59,000
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 | €4,132,853 | €4,299,913 | +€167,060 | +4.0% |
| Fixed assets | 21/28 | €3,754,846 | €3,754,846 | = | 0.0% |
| Financial fixed assets | 28 | €3,754,846 | €3,754,846 | = | 0.0% |
| Affiliated companies | 280/1 | €3,700,000 | - | -€3.7m | |
| Amounts receivable | 281 | €3,700,000 | - | -€3.7m | |
| Companies linked by participating interests | 282/3 | €54,846 | - | -€54,846 | |
| Participating interests | 282 | €54,846 | - | -€54,846 | |
| Current assets | 29/58 | €378,007 | €545,067 | +€167,060 | +44.2% |
| Cash at bank and in hand | 54/58 | €373,240 | €541,837 | +€168,597 | +45.2% |
| Deferred charges and accrued income | 490/1 | €4,767 | €3,230 | -€1,537 | -32.2% |
| Total equity and liabilities | 10/49 | €4,132,853 | €4,299,913 | +€167,060 | +4.0% |
| Equity | 10/15 | €4,070,048 | €4,226,353 | +€156,305 | +3.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,001,848 | €4,158,153 | +€156,305 | +3.9% |
| Amounts payable | 17/49 | €62,805 | €73,560 | +€10,755 | +17.1% |
| Amounts payable within one year | 42/48 | €62,805 | €73,560 | +€10,755 | +17.1% |
| Trade debts | 44 | €5,105 | €6,859 | +€1,754 | +34.4% |
| Suppliers | 440/4 | €5,105 | €6,859 | +€1,754 | +34.4% |
| Taxes, remuneration and social security | 45 | €57,700 | €66,700 | +€9,000 | +15.6% |
| Taxes | 450/3 | €57,700 | €66,700 | +€9,000 | +15.6% |
| Operating charges | 60/66A | €8,234 | - | -€8,234 | |
| Services and other goods | 61 | €7,266 | - | -€7,266 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | - | -€9,834 | -€9,834 | |
| Operating profit (loss) | 9901 | -€8,234 | -€10,833 | -€2,599 | -31.6% |
| Financial income | 75/76B | €238,966 | €226,163 | -€12,802 | -5.4% |
| Recurring financial income | 75 | €238,966 | €226,163 | -€12,802 | -5.4% |
| Income from current assets | 751 | €238,966 | - | -€238,966 | |
| Financial charges | 65/66B | - | €25 | +€25 | |
| Recurring financial charges | 65 | - | €25 | +€25 | |
| Profit (loss) for the period before taxes | 9903 | €230,732 | €215,305 | -€15,427 | -6.7% |
| Income taxes | 67/77 | €62,437 | €59,000 | -€3,436 | -5.5% |
| Taxes | 670/3 | €62,437 | - | -€62,437 | |
| Profit (loss) for the period | 9904 | €168,295 | €156,305 | -€11,990 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €168,295 | €156,305 | -€11,990 | -7.1% |
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.