ASCOVIL: 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.
What changed
ASCOVIL
NACE 23.990, Manufacture of other non-metallic mineral products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€61,025
2024 · €48,317+€12,708
Equity
€1.6m
2024 · €1.6m+€11,025
Cash
€136,104
2024 · €460,974-€324,870
Balance sheet total
€5.1m
2024 · €7.1m-€2.0m
Largest movements
Assets
- Receivables within one year -€1.7m
down €1.7m (-37.1%), from €4.6m to €2.9m
of which Trade receivables: -€1.4m
- Cash -€324,870
down €324,870 (-70.5%), from €460,974 to €136,104
mainly Trade debts (-€1.9m) and Stocks and contracts (-€114,437)
- Stocks and contracts +€114,437
up €114,437 (+26.0%), from €440,495 to €554,933
- Tangible fixed assets -€85,924
down €85,924 (-5.4%), from €1.6m to €1.5m
of which Plant, machinery and equipment: -€48,324
Equity and liabilities
- Trade debts -€1.9m
down €1.9m (-44.6%), from €4.3m to €2.4m
- Other debts +€133,090
up €133,090 (+20.3%), from €655,821 to €788,911
- Short-term financial debts -€114,179
down €114,179 (-47.6%), from €240,000 to €125,821
- Accrued charges and deferred income -€74,129
down €74,129 (-49.1%), from €150,994 to €76,865
Income statement
- Turnover -€2.6m
down €2.6m (-19.8%), from €13.2m to €10.6m
- Goods and materials -€2.2m
down €2.2m (-25.0%), from €8.7m to €6.5m
of which Purchases: -€2.0m
- Services and other goods -€445,838
down €445,838 (-13.9%), from €3.2m to €2.8m
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.
Result 2024
€48,317
Turnover
-€2.6m
Other operating income
+€3,589
Goods and materials
+€2.2m
Services and other goods
+€445,838
Staff costs
-€43,050
Depreciation
-€1,195
Write-downs
+€3,508
Other operating charges
+€52,175
Other operating items
-€3,199
Financial charges
-€58
Taxes
-€2,080
Result 2025
€61,025
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.
From operations
-€160,691
Investment
€0
Financing
-€164,179
Cash 2024
€460,974
From operations (derived)
-€160,691
Net result for the year
+€61,025
Depreciation
+€85,924
Stocks and contracts
-€114,437
Receivables within one year
+€1.7m
Trade debts
-€1.9m
Tax, wage and social debts
-€35,646
Other debts
+€133,090
Accrued charges and deferred income
-€74,129
Financing
-€164,179
Short-term financial debts
-€114,179
Contributions, distributions and other
-€50,000
Cash 2025
€136,104
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,061,351 | €5,063,993 | -€2.0m | -28.3% |
| Fixed assets | 21/28 | €1,579,583 | €1,493,659 | -€85,924 | -5.4% |
| Tangible fixed assets | 22/27 | €1,579,583 | €1,493,659 | -€85,924 | -5.4% |
| Land and buildings | 22 | €1,304,495 | €1,301,895 | -€2,600 | -0.2% |
| Plant, machinery and equipment | 23 | €195,588 | €147,264 | -€48,324 | -24.7% |
| Assets under construction and advance payments | 27 | €79,500 | €44,500 | -€35,000 | -44.0% |
| Current assets | 29/58 | €5,481,768 | €3,570,334 | -€1.9m | -34.9% |
| Stocks and contracts in progress | 3 | €440,495 | €554,933 | +€114,437 | +26.0% |
| Stocks | 30/36 | €440,495 | €554,933 | +€114,437 | +26.0% |
| Raw materials and consumables | 30/31 | €407,366 | €513,348 | +€105,982 | +26.0% |
| Finished goods | 33 | €15,103 | €19,717 | +€4,613 | +30.5% |
| Goods purchased for resale | 34 | €18,025 | €21,868 | +€3,842 | +21.3% |
| Amounts receivable within one year | 40/41 | €4,580,299 | €2,879,298 | -€1.7m | -37.1% |
| Trade receivables | 40 | €4,244,285 | €2,869,374 | -€1.4m | -32.4% |
| Other amounts receivable | 41 | €336,013 | €9,924 | -€326,090 | -97.0% |
| Cash at bank and in hand | 54/58 | €460,974 | €136,104 | -€324,870 | -70.5% |
| Total equity and liabilities | 10/49 | €7,061,351 | €5,063,993 | -€2.0m | -28.3% |
| Equity | 10/15 | €1,596,253 | €1,607,278 | +€11,025 | +0.7% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €15,411 | €18,463 | +€3,051 | +19.8% |
| Non-distributable reserves | 130/1 | €15,411 | €18,463 | +€3,051 | +19.8% |
| Legal reserve | 130 | €15,411 | €18,463 | +€3,051 | +19.8% |
| Profit (loss) carried forward | 14 | €80,841 | €88,815 | +€7,974 | +9.9% |
| Amounts payable | 17/49 | €5,465,098 | €3,456,715 | -€2.0m | -36.7% |
| Amounts payable after more than one year | 17 | €45,000 | €45,000 | = | 0.0% |
| Other amounts payable | 178/9 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,269,105 | €3,334,851 | -€1.9m | -36.7% |
| Financial debts | 43 | €240,000 | €125,821 | -€114,179 | -47.6% |
| Other loans | 439 | €240,000 | €125,821 | -€114,179 | -47.6% |
| Trade debts | 44 | €4,298,416 | €2,380,897 | -€1.9m | -44.6% |
| Suppliers | 440/4 | €4,298,416 | €2,380,897 | -€1.9m | -44.6% |
| Taxes, remuneration and social security | 45 | €74,868 | €39,222 | -€35,646 | -47.6% |
| Taxes | 450/3 | €14,011 | €8,876 | -€5,135 | -36.7% |
| Remuneration and social security | 454/9 | €60,857 | €30,346 | -€30,510 | -50.1% |
| Other amounts payable | 47/48 | €655,821 | €788,911 | +€133,090 | +20.3% |
| Accrued charges and deferred income | 492/3 | €150,994 | €76,865 | -€74,129 | -49.1% |
| Operating income | 70/76A | €13,221,569 | €10,602,504 | -€2.6m | -19.8% |
| Turnover | 70 | €13,202,405 | €10,582,950 | -€2.6m | -19.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €7,812 | €4,613 | -€3,199 | -40.9% |
| Other operating income | 74 | €11,352 | €14,941 | +€3,589 | +31.6% |
| Operating charges | 60/66A | €13,150,817 | €10,516,907 | -€2.6m | -20.0% |
| Goods for resale, raw materials and consumables | 60 | €8,700,060 | €6,523,426 | -€2.2m | -25.0% |
| Purchases | 600/8 | €8,610,551 | €6,633,250 | -€2.0m | -23.0% |
| Change in stocks: decrease (increase) | 609 | €89,509 | -€109,824 | -€199,333 | |
| Services and other goods | 61 | €3,198,726 | €2,752,888 | -€445,838 | -13.9% |
| Remuneration, social security and pensions | 62 | €385,269 | €428,319 | +€43,050 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,729 | €85,924 | +€1,195 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,213 | -€1,296 | -€3,508 | |
| Other operating charges | 640/8 | €779,821 | €727,646 | -€52,175 | -6.7% |
| Operating profit (loss) | 9901 | €70,752 | €85,598 | +€14,846 | +21.0% |
| Financial charges | 65/66B | €3,438 | €3,496 | +€58 | +1.7% |
| Recurring financial charges | 65 | €3,438 | €3,496 | +€58 | +1.7% |
| Other financial charges | 652/9 | €3,438 | €3,496 | +€58 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €67,313 | €82,101 | +€14,788 | +22.0% |
| Income taxes | 67/77 | €18,997 | €21,076 | +€2,080 | +10.9% |
| Taxes | 670/3 | €19,000 | €22,000 | +€3,000 | +15.8% |
| Tax adjustments and reversals of tax provisions | 77 | €3 | €924 | +€920 | +27066.8% |
| Profit (loss) for the period | 9904 | €48,317 | €61,025 | +€12,708 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,317 | €61,025 | +€12,708 | +26.3% |
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 5 October 2026 via checked.be.