ASCOMAR: what changed
Two fiscal 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.
ASCOMAR
Largest movements
- Cash +€111,051
up €111,051 (+321.7%), from €34,522 to €145,574
mainly Net result for the year (+€128,006) and Depreciation (+€10,039)
- Current investments +€29,681
up €29,681 (+1.6%), from €1.9m to €1.9m
- Reserves +€128,006
up €128,006 (+6.8%), from €1.9m to €2.0m
- Gross operating margin +€27,109
up €27,109 (+20.2%), from €133,932 to €161,041
- Financial income +€20,514
up €20,514 (+111.8%), from €18,357 to €38,871
of which Financial income: +€21,164
- Taxes +€16,336
up €16,336 (+41.9%), from €39,022 to €55,358
- Depreciation -€15,782
down €15,782 (-61.1%), from €25,821 to €10,039
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 | €1,948,004 | €2,077,735 | +€129,731 | +6.7% |
| Fixed assets | 21/28 | €33,108 | €23,069 | -€10,039 | -30.3% |
| Tangible fixed assets | 22/27 | €33,108 | €23,069 | -€10,039 | -30.3% |
| Furniture and vehicles | 24 | €33,108 | €23,069 | -€10,039 | -30.3% |
| Current assets | 29/58 | €1,914,896 | €2,054,666 | +€139,770 | +7.3% |
| Amounts receivable within one year | 40/41 | €18,314 | €20,749 | +€2,435 | +13.3% |
| Trade receivables | 40 | €18,314 | €20,749 | +€2,435 | +13.3% |
| Current investments | 50/53 | €1,855,849 | €1,885,531 | +€29,681 | +1.6% |
| Cash at bank and in hand | 54/58 | €34,522 | €145,574 | +€111,051 | +321.7% |
| Deferred charges and accrued income | 490/1 | €6,211 | €2,813 | -€3,397 | -54.7% |
| Total equity and liabilities | 10/49 | €1,948,004 | €2,077,735 | +€129,731 | +6.7% |
| Equity | 10/15 | €1,890,411 | €2,018,417 | +€128,006 | +6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,879,895 | €2,007,901 | +€128,006 | +6.8% |
| Distributable reserves | 133 | €1,879,895 | €2,007,901 | +€128,006 | +6.8% |
| Profit (loss) carried forward | 14 | €4,316 | €4,316 | = | 0.0% |
| Amounts payable | 17/49 | €57,593 | €59,318 | +€1,725 | +3.0% |
| Amounts payable within one year | 42/48 | €54,600 | €59,300 | +€4,700 | +8.6% |
| Trade debts | 44 | €1,684 | €3,627 | +€1,942 | +115.3% |
| Suppliers | 440/4 | €1,684 | €3,627 | +€1,942 | +115.3% |
| Taxes, remuneration and social security | 45 | €14,578 | €22,075 | +€7,496 | +51.4% |
| Taxes | 450/3 | €14,578 | €20,075 | +€5,496 | +37.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €38,337 | €33,598 | -€4,739 | -12.4% |
| Accrued charges and deferred income | 492/3 | €2,993 | €18 | -€2,975 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,821 | €10,039 | -€15,782 | -61.1% |
| Other operating charges | 640/8 | €4,096 | €3,905 | -€191 | -4.7% |
| Gross operating margin | 9900 | €133,932 | €161,041 | +€27,109 | +20.2% |
| Operating profit (loss) | 9901 | €104,015 | €147,097 | +€43,082 | +41.4% |
| Financial income | 75/76B | €18,357 | €38,871 | +€20,514 | +111.8% |
| Recurring financial income | 75 | €17,707 | €38,871 | +€21,164 | +119.5% |
| Non-recurring financial income | 76B | €650 | - | -€650 | |
| Financial charges | 65/66B | €2,629 | €2,603 | -€26 | -1.0% |
| Recurring financial charges | 65 | €2,629 | €2,603 | -€26 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €119,742 | €183,364 | +€63,622 | +53.1% |
| Income taxes | 67/77 | €39,022 | €55,358 | +€16,336 | +41.9% |
| Profit (loss) for the period | 9904 | €80,721 | €128,006 | +€47,286 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,721 | €128,006 | +€47,286 | +58.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.