ASCOT DEVELOPMENT: 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.
ASCOT DEVELOPMENT
Largest movements
- Receivables within one year +€628,744
up €628,744 (+53.6%), from €1.2m to €1.8m
of which Other amounts receivable: +€901,913
- Cash -€89,365
down €89,365 (-52.8%), from €169,236 to €79,871
mainly Receivables within one year (-€628,744) and Investment in fixed assets (net) (-€93,299)
- Deferred charges and accrued income +€61,924
up €61,924, from €0 to €61,924
- Financial fixed assets +€59,086
up €59,086 (+26.5%), from €223,038 to €282,124
- Other debts +€525,587
up €525,587 (+78.1%), from €672,670 to €1.2m
- Trade debts +€53,935
up €53,935 (+20.3%), from €265,543 to €319,478
- Short-term financial debts +€44,060
new in 2025: €44,060
- Reserves +€23,699
up €23,699 (+3.9%), from €609,420 to €633,119
of which Distributable reserves: +€23,699
- Gross operating margin -€129,768
down €129,768 (-33.9%), from €383,111 to €253,343
- Staff costs +€70,692
up €70,692 (+3145.8%), from €2,247 to €72,939
- Taxes -€50,696
down €50,696 (-61.9%), from €81,894 to €31,198
- Financial income +€15,924
up €15,924, from €0 to €15,924
- Depreciation +€11,074
up €11,074 (+40.4%), from €27,420 to €38,494
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 | €1,658,274 | €2,314,381 | +€656,107 | +39.6% |
| Fixed assets | 21/28 | €315,221 | €370,026 | +€54,805 | +17.4% |
| Intangible fixed assets | 21 | €42,365 | €45,550 | +€3,185 | +7.5% |
| Tangible fixed assets | 22/27 | €49,818 | €42,352 | -€7,467 | -15.0% |
| Furniture and vehicles | 24 | €49,818 | €42,352 | -€7,467 | -15.0% |
| Financial fixed assets | 28 | €223,038 | €282,124 | +€59,086 | +26.5% |
| Current assets | 29/58 | €1,343,053 | €1,944,355 | +€601,303 | +44.8% |
| Amounts receivable within one year | 40/41 | €1,173,817 | €1,802,561 | +€628,744 | +53.6% |
| Trade receivables | 40 | €1,077,091 | €803,922 | -€273,169 | -25.4% |
| Other amounts receivable | 41 | €96,726 | €998,638 | +€901,913 | +932.4% |
| Cash at bank and in hand | 54/58 | €169,236 | €79,871 | -€89,365 | -52.8% |
| Deferred charges and accrued income | 490/1 | €0 | €61,924 | +€61,924 | |
| Total equity and liabilities | 10/49 | €1,658,274 | €2,314,381 | +€656,107 | +39.6% |
| Equity | 10/15 | €683,220 | €706,919 | +€23,699 | +3.5% |
| Contributions | 10/11 | €73,800 | €73,800 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Outside capital | 11 | €12,300 | €12,300 | = | 0.0% |
| Other | 1109/19 | €12,300 | €12,300 | = | 0.0% |
| Reserves | 13 | €609,420 | €633,119 | +€23,699 | +3.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €603,270 | €626,969 | +€23,699 | +3.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €975,055 | €1,607,463 | +€632,408 | +64.9% |
| Amounts payable within one year | 42/48 | €945,240 | €1,575,426 | +€630,187 | +66.7% |
| Financial debts | 43 | - | €44,060 | +€44,060 | |
| Credit institutions | 430/8 | - | €44,060 | +€44,060 | |
| Trade debts | 44 | €265,543 | €319,478 | +€53,935 | +20.3% |
| Suppliers | 440/4 | €265,543 | €319,478 | +€53,935 | +20.3% |
| Taxes, remuneration and social security | 45 | €7,026 | €13,632 | +€6,606 | +94.0% |
| Taxes | 450/3 | €7,026 | €5,970 | -€1,056 | -15.0% |
| Remuneration and social security | 454/9 | - | €7,662 | +€7,662 | |
| Other amounts payable | 47/48 | €672,670 | €1,198,257 | +€525,587 | +78.1% |
| Accrued charges and deferred income | 492/3 | €29,815 | €32,036 | +€2,221 | +7.5% |
| Remuneration, social security and pensions | 62 | €2,247 | €72,939 | +€70,692 | +3145.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,420 | €38,494 | +€11,074 | +40.4% |
| Other operating charges | 640/8 | €1,108 | €1,183 | +€75 | +6.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €383,111 | €253,343 | -€129,768 | -33.9% |
| Operating profit (loss) | 9901 | €352,336 | €140,727 | -€211,609 | -60.1% |
| Financial income | 75/76B | €0 | €15,924 | +€15,924 | |
| Recurring financial income | 75 | €0 | €15,924 | +€15,924 | |
| Financial charges | 65/66B | €28,885 | €35,439 | +€6,554 | +22.7% |
| Recurring financial charges | 65 | €28,885 | €35,439 | +€6,554 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €323,451 | €121,211 | -€202,239 | -62.5% |
| Income taxes | 67/77 | €81,894 | €31,198 | -€50,696 | -61.9% |
| Profit (loss) for the period | 9904 | €241,557 | €90,013 | -€151,544 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €241,557 | €90,013 | -€151,544 | -62.7% |
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 1 October 2026 via checked.be.