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ASCRE: 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

ASCRE

BE 0448.388.735
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€13,448
2024 · -€10,888+€24,337
Equity
€13,773
2024 · €325+€13,448
Cash
€6,902
2024 · €2,654+€4,248
Balance sheet total
€151,987
2024 · €158,433-€6,446

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€22,909

    down €22,909 (-15.6%), from €146,438 to €123,529

  • Current investments +€15,176

    up €15,176 (+406.9%), from €3,730 to €18,906

  • Cash +€4,248

    up €4,248 (+160.1%), from €2,654 to €6,902

    mainly Depreciation (+€22,909) and Net result for the year (+€13,448)

  • Deferred charges and accrued income -€3,060

    down €3,060 (-72.7%), from €4,212 to €1,151

Equity and liabilities
  • Profit (loss) carried forward +€13,448

    up €13,448, from -€10,125 to €3,323

  • Debts after one year -€10,738

    down €10,738 (-7.4%), from €145,891 to €135,154

  • Trade debts -€10,548

    down €10,548 (-88.5%), from €11,917 to €1,369

Income statement
  • Gross operating margin +€25,959

    up €25,959 (+136.0%), from €19,086 to €45,044

  • Depreciation +€1,356

    up €1,356 (+6.3%), from €21,553 to €22,909

  • Other operating charges +€506

    up €506 (+6.1%), from €8,240 to €8,746

From the 2024 result to the 2025 result

effect on the 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 -€10,888
Gross operating margin +€25,959
Depreciation -€1,356
Other operating charges -€506
Financial income +€16
Financial charges -€12
Taxes +€236
Result 2025 €13,448

Cash bridge derived

cash 2024 to 2025

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 +€30,161
Investment -€15,176
Financing -€10,738
Cash 2024 €2,654
Net result for the year +€13,448
Depreciation +€22,909
Receivables within one year -€100
Deferred charges and accrued income +€3,060
Trade debts -€10,548
Accrued charges and deferred income +€1,391
Current investments -€15,176
Debts after one year -€10,738
Cash 2025 €6,902
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €158,433 €151,987 -€6,446 -4.1%
Fixed assets 21/28 €146,438 €123,529 -€22,909 -15.6%
Tangible fixed assets 22/27 €146,438 €123,529 -€22,909 -15.6%
Land and buildings 22 €146,438 €123,529 -€22,909 -15.6%
Current assets 29/58 €11,995 €28,459 +€16,463 +137.2%
Amounts receivable within one year 40/41 €1,400 €1,500 +€100 +7.1%
Trade receivables 40 €1,400 €1,500 +€100 +7.1%
Current investments 50/53 €3,730 €18,906 +€15,176 +406.9%
Cash at bank and in hand 54/58 €2,654 €6,902 +€4,248 +160.1%
Deferred charges and accrued income 490/1 €4,212 €1,151 -€3,060 -72.7%
Total equity and liabilities 10/49 €158,433 €151,987 -€6,446 -4.1%
Equity 10/15 €325 €13,773 +€13,448 +4139.6%
Contributions 10/11 €8,000 €8,000 = 0.0%
Reserves 13 €2,450 €2,450 = 0.0%
Non-distributable reserves 130/1 €2,000 €2,000 = 0.0%
Reserves not available under the articles 1311 €2,000 €2,000 = 0.0%
Tax-exempt reserves 132 €450 €450 = 0.0%
Profit (loss) carried forward 14 -€10,125 €3,323 +€13,448
Amounts payable 17/49 €158,108 €138,214 -€19,894 -12.6%
Amounts payable after more than one year 17 €145,891 €135,154 -€10,738 -7.4%
Other amounts payable 178/9 €145,891 €135,154 -€10,738 -7.4%
Amounts payable within one year 42/48 €12,217 €1,669 -€10,548 -86.3%
Trade debts 44 €11,917 €1,369 -€10,548 -88.5%
Suppliers 440/4 €11,917 €1,369 -€10,548 -88.5%
Taxes, remuneration and social security 45 €300 €300 = 0.0%
Taxes 450/3 €300 €300 = 0.0%
Accrued charges and deferred income 492/3 - €1,391 +€1,391
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €21,553 €22,909 +€1,356 +6.3%
Other operating charges 640/8 €8,240 €8,746 +€506 +6.1%
Gross operating margin 9900 €19,086 €45,044 +€25,959 +136.0%
Operating profit (loss) 9901 -€10,708 €13,389 +€24,097
Financial income 75/76B €169 €185 +€16 +9.2%
Recurring financial income 75 €169 €185 +€16 +9.2%
Financial charges 65/66B €42 €54 +€12 +29.3%
Recurring financial charges 65 €42 €54 +€12 +29.3%
Profit (loss) for the period before taxes 9903 -€10,581 €13,520 +€24,101
Income taxes 67/77 €308 €72 -€236 -76.7%
Profit (loss) for the period 9904 -€10,888 €13,448 +€24,337
Profit (loss) for the period to be appropriated 9905 -€10,888 €13,448 +€24,337

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 29 September 2026 via checked.be.