Ascubel: 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.
Ascubel
Largest movements
- Receivables within one year +€30,733
up €30,733 (+27.1%), from €113,235 to €143,967
of which Trade receivables: +€27,613
- Cash -€25,858
down €25,858 (-38.5%), from €67,132 to €41,274
mainly Receivables within one year (-€30,733) and Trade debts (-€12,167)
- Tangible fixed assets -€12,916
down €12,916 (-39.6%), from €32,644 to €19,728
- Deferred charges and accrued income +€8,790
new in 2025: €8,790
- Financial fixed assets -€8,250
no longer reported in 2025 (was €8,250)
- Trade debts -€12,167
down €12,167 (-7.0%), from €174,776 to €162,610
- Gross operating margin +€60,757
up €60,757 (+43.4%), from €140,050 to €200,807
- Staff costs +€54,902
up €54,902 (+43.8%), from €125,452 to €180,354
- Financial income -€4,365
down €4,365 (-84.4%), from €5,170 to €805
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.
Derived cash bridge
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 | €347,659 | €335,717 | -€11,942 | -3.4% |
| Fixed assets | 21/28 | €40,894 | €19,728 | -€21,166 | -51.8% |
| Tangible fixed assets | 22/27 | €32,644 | €19,728 | -€12,916 | -39.6% |
| Furniture and vehicles | 24 | €32,644 | €19,728 | -€12,916 | -39.6% |
| Financial fixed assets | 28 | €8,250 | - | -€8,250 | |
| Current assets | 29/58 | €306,765 | €315,989 | +€9,224 | +3.0% |
| Stocks and contracts in progress | 3 | €126,398 | €121,958 | -€4,440 | -3.5% |
| Stocks | 30/36 | €126,398 | €121,958 | -€4,440 | -3.5% |
| Amounts receivable within one year | 40/41 | €113,235 | €143,967 | +€30,733 | +27.1% |
| Trade receivables | 40 | €113,235 | €140,847 | +€27,613 | +24.4% |
| Other amounts receivable | 41 | - | €3,120 | +€3,120 | |
| Cash at bank and in hand | 54/58 | €67,132 | €41,274 | -€25,858 | -38.5% |
| Deferred charges and accrued income | 490/1 | - | €8,790 | +€8,790 | |
| Total equity and liabilities | 10/49 | €347,659 | €335,717 | -€11,942 | -3.4% |
| Equity | 10/15 | €139,687 | €139,864 | +€177 | +0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €77,200 | €77,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €71,000 | €71,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €487 | €664 | +€177 | +36.2% |
| Amounts payable | 17/49 | €207,972 | €195,853 | -€12,118 | -5.8% |
| Amounts payable within one year | 42/48 | €207,972 | €195,853 | -€12,118 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €2,577 | - | -€2,577 | |
| Trade debts | 44 | €174,776 | €162,610 | -€12,167 | -7.0% |
| Suppliers | 440/4 | €174,776 | €162,610 | -€12,167 | -7.0% |
| Taxes, remuneration and social security | 45 | €29,432 | €32,464 | +€3,033 | +10.3% |
| Taxes | 450/3 | €7,314 | €7,632 | +€318 | +4.3% |
| Remuneration and social security | 454/9 | €22,118 | €24,833 | +€2,715 | +12.3% |
| Other amounts payable | 47/48 | €1,187 | €779 | -€408 | -34.3% |
| Remuneration, social security and pensions | 62 | €125,452 | €180,354 | +€54,902 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,916 | €12,916 | = | 0.0% |
| Other operating charges | 640/8 | €6,930 | €6,327 | -€603 | -8.7% |
| Gross operating margin | 9900 | €140,050 | €200,807 | +€60,757 | +43.4% |
| Operating profit (loss) | 9901 | -€5,248 | €1,210 | +€6,458 | |
| Financial income | 75/76B | €5,170 | €805 | -€4,365 | -84.4% |
| Recurring financial income | 75 | €5,170 | €805 | -€4,365 | -84.4% |
| Financial charges | 65/66B | €2,583 | €1,366 | -€1,217 | -47.1% |
| Recurring financial charges | 65 | €2,583 | €1,366 | -€1,217 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,661 | €650 | +€3,310 | |
| Income taxes | 67/77 | €908 | €473 | -€435 | -47.9% |
| Profit (loss) for the period | 9904 | -€3,568 | €177 | +€3,745 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,568 | €177 | +€3,745 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.