AsCor: 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.
AsCor
Largest movements
- Tangible fixed assets -€53,421
down €53,421 (-7.4%), from €721,295 to €667,874
of which Land and buildings: -€44,340
- Receivables within one year +€14,108
up €14,108 (+215.7%), from €6,540 to €20,648
of which Trade receivables: +€14,520
- Short-term financial debts -€349,845
down €349,845 (-99.7%), from €350,880 to €1,035
- Current portion of long-term debt +€157,977
up €157,977 (+400.3%), from €39,464 to €197,440
- Debts after one year +€151,182
up €151,182 (+134.6%), from €112,336 to €263,517
- Profit (loss) carried forward -€12,337
down €12,337 (-11.4%), from -€107,919 to -€120,256
- Other debts +€9,153
up €9,153 (+2.8%), from €324,982 to €334,135
- Gross operating margin +€36,922
up €36,922 (+104.8%), from €35,244 to €72,165
- Depreciation +€5,979
up €5,979 (+11.4%), from €52,355 to €58,334
- Financial charges -€1,337
down €1,337 (-5.7%), from €23,381 to €22,044
- Other operating charges -€1,256
down €1,256 (-23.3%), from €5,380 to €4,125
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €728,769 | €690,212 | -€38,556 | -5.3% |
| Fixed assets | 21/28 | €721,675 | €668,254 | -€53,421 | -7.4% |
| Tangible fixed assets | 22/27 | €721,295 | €667,874 | -€53,421 | -7.4% |
| Land and buildings | 22 | €704,052 | €659,712 | -€44,340 | -6.3% |
| Furniture and vehicles | 24 | €17,243 | €8,162 | -€9,081 | -52.7% |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €7,094 | €21,958 | +€14,864 | +209.5% |
| Amounts receivable within one year | 40/41 | €6,540 | €20,648 | +€14,108 | +215.7% |
| Trade receivables | 40 | €5,929 | €20,449 | +€14,520 | +244.9% |
| Other amounts receivable | 41 | €611 | €199 | -€412 | -67.4% |
| Deferred charges and accrued income | 490/1 | €554 | €1,310 | +€756 | +136.5% |
| Total equity and liabilities | 10/49 | €728,769 | €690,212 | -€38,556 | -5.3% |
| Equity | 10/15 | -€101,669 | -€114,006 | -€12,337 | -12.1% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,919 | -€120,256 | -€12,337 | -11.4% |
| Amounts payable | 17/49 | €830,438 | €804,218 | -€26,219 | -3.2% |
| Amounts payable after more than one year | 17 | €112,336 | €263,517 | +€151,182 | +134.6% |
| Financial debts | 170/4 | €112,336 | €263,517 | +€151,182 | +134.6% |
| Amounts payable within one year | 42/48 | €717,138 | €538,465 | -€178,673 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €39,464 | €197,440 | +€157,977 | +400.3% |
| Financial debts | 43 | €350,880 | €1,035 | -€349,845 | -99.7% |
| Credit institutions | 430/8 | €350,880 | €1,035 | -€349,845 | -99.7% |
| Trade debts | 44 | €1,022 | €1,927 | +€904 | +88.5% |
| Suppliers | 440/4 | €1,022 | €1,927 | +€904 | +88.5% |
| Taxes, remuneration and social security | 45 | €790 | €3,928 | +€3,138 | +397.2% |
| Taxes | 450/3 | €790 | €3,928 | +€3,138 | +397.2% |
| Other amounts payable | 47/48 | €324,982 | €334,135 | +€9,153 | +2.8% |
| Accrued charges and deferred income | 492/3 | €964 | €2,236 | +€1,272 | +132.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,355 | €58,334 | +€5,979 | +11.4% |
| Other operating charges | 640/8 | €5,380 | €4,125 | -€1,256 | -23.3% |
| Gross operating margin | 9900 | €35,244 | €72,165 | +€36,922 | +104.8% |
| Operating profit (loss) | 9901 | -€22,492 | €9,707 | +€32,199 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €23,381 | €22,044 | -€1,337 | -5.7% |
| Recurring financial charges | 65 | €23,381 | €22,044 | -€1,337 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€45,872 | -€12,337 | +€33,535 | +73.1% |
| Profit (loss) for the period | 9904 | -€45,872 | -€12,337 | +€33,535 | +73.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,872 | -€12,337 | +€33,535 | +73.1% |
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 30 September 2026 via checked.be.