ASCOT: 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.
ASCOT
Largest movements
- Tangible fixed assets +€157,044
up €157,044 (+52.1%), from €301,495 to €458,539
- Cash -€11,373
down €11,373 (-43.6%), from €26,101 to €14,729
mainly Investment in fixed assets (net) (-€157,044) and Net result for the year (-€21,743)
- Receivables within one year +€5,171
up €5,171 (+124.9%), from €4,139 to €9,310
- Short-term financial debts +€150,000
up €150,000 (+42.9%), from €350,000 to €500,000
- Trade debts +€31,217
up €31,217 (+211.1%), from €14,787 to €46,004
- Profit (loss) carried forward -€21,743
down €21,743 (-47.6%), from -€45,720 to -€67,463
- Accrued charges and deferred income -€7,668
down €7,668 (-100.0%), from €7,668 to €0
- Purchases and services -€5,791
no longer reported in 2025 (was €5,791)
- Financial charges +€1,700
up €1,700 (+11.6%), from €14,691 to €16,391
- Gross operating margin +€558
up €558 (+9.6%), from -€5,791 to -€5,233
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 | €331,735 | €483,541 | +€151,806 | +45.8% |
| Fixed assets | 21/28 | €301,495 | €458,539 | +€157,044 | +52.1% |
| Tangible fixed assets | 22/27 | €301,495 | €458,539 | +€157,044 | +52.1% |
| Assets under construction and advance payments | 27 | €301,495 | €458,539 | +€157,044 | +52.1% |
| Current assets | 29/58 | €30,240 | €25,002 | -€5,239 | -17.3% |
| Amounts receivable within one year | 40/41 | €4,139 | €9,310 | +€5,171 | +124.9% |
| Other amounts receivable | 41 | €4,139 | €9,310 | +€5,171 | +124.9% |
| Cash at bank and in hand | 54/58 | €26,101 | €14,729 | -€11,373 | -43.6% |
| Deferred charges and accrued income | 490/1 | €0 | €964 | +€964 | |
| Total equity and liabilities | 10/49 | €331,735 | €483,541 | +€151,806 | +45.8% |
| Equity | 10/15 | -€40,720 | -€62,463 | -€21,743 | -53.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,720 | -€67,463 | -€21,743 | -47.6% |
| Amounts payable | 17/49 | €372,455 | €546,004 | +€173,549 | +46.6% |
| Amounts payable within one year | 42/48 | €364,787 | €546,004 | +€181,217 | +49.7% |
| Financial debts | 43 | €350,000 | €500,000 | +€150,000 | +42.9% |
| Other loans | 439 | €350,000 | €500,000 | +€150,000 | +42.9% |
| Trade debts | 44 | €14,787 | €46,004 | +€31,217 | +211.1% |
| Suppliers | 440/4 | €14,787 | €46,004 | +€31,217 | +211.1% |
| Accrued charges and deferred income | 492/3 | €7,668 | €0 | -€7,668 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €5,791 | - | -€5,791 | |
| Other operating charges | 640/8 | €116 | €120 | +€4 | +3.1% |
| Gross operating margin | 9900 | -€5,791 | -€5,233 | +€558 | +9.6% |
| Operating profit (loss) | 9901 | -€5,907 | -€5,352 | +€554 | +9.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €14,691 | €16,391 | +€1,700 | +11.6% |
| Recurring financial charges | 65 | €14,691 | €16,391 | +€1,700 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,598 | -€21,743 | -€1,145 | -5.6% |
| Profit (loss) for the period | 9904 | -€20,598 | -€21,743 | -€1,145 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,598 | -€21,743 | -€1,145 | -5.6% |
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.