ASDC: 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.
ASDC
Largest movements
- Cash +€36,252
up €36,252 (+328.4%), from €11,039 to €47,291
mainly Advances received (+€28,740) and Net result for the year (+€14,976)
- Tangible fixed assets +€4,479
up €4,479 (+66.6%), from €6,721 to €11,200
of which Furniture and vehicles: +€4,877
- Receivables within one year -€3,935
down €3,935 (-77.6%), from €5,069 to €1,135
of which Trade receivables: -€3,963
- Deferred charges and accrued income -€1,918
down €1,918 (-32.1%), from €5,976 to €4,059
- Advances received +€28,740
new in 2025: €28,740
- Profit (loss) carried forward +€14,976
up €14,976 (+2124.6%), from €705 to €15,681
- Other debts -€14,341
down €14,341 (-88.5%), from €16,198 to €1,856
- Tax, wage and social debts +€3,649
up €3,649 (+154.1%), from €2,368 to €6,017
- Debts after one year +€1,709
new in 2025: €1,709
- Gross operating margin +€11,674
up €11,674 (+80.2%), from €14,557 to €26,231
- Taxes +€4,500
up €4,500 (+627.2%), from €717 to €5,217
- Depreciation +€630
up €630 (+39.0%), from €1,616 to €2,246
- Financial charges -€384
down €384 (-11.5%), from €3,337 to €2,953
- Other operating charges +€311
up €311 (+58.7%), from €529 to €839
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 | €28,806 | €63,685 | +€34,879 | +121.1% |
| Fixed assets | 21/28 | €6,721 | €11,200 | +€4,479 | +66.6% |
| Tangible fixed assets | 22/27 | €6,721 | €11,200 | +€4,479 | +66.6% |
| Plant, machinery and equipment | 23 | €2,062 | €1,664 | -€398 | -19.3% |
| Furniture and vehicles | 24 | €4,659 | €9,537 | +€4,877 | +104.7% |
| Current assets | 29/58 | €22,085 | €52,484 | +€30,400 | +137.7% |
| Amounts receivable within one year | 40/41 | €5,069 | €1,135 | -€3,935 | -77.6% |
| Trade receivables | 40 | €5,069 | €1,107 | -€3,963 | -78.2% |
| Other amounts receivable | 41 | - | €28 | +€28 | |
| Cash at bank and in hand | 54/58 | €11,039 | €47,291 | +€36,252 | +328.4% |
| Deferred charges and accrued income | 490/1 | €5,976 | €4,059 | -€1,918 | -32.1% |
| Total equity and liabilities | 10/49 | €28,806 | €63,685 | +€34,879 | +121.1% |
| Equity | 10/15 | €3,705 | €18,681 | +€14,976 | +404.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €705 | €15,681 | +€14,976 | +2124.6% |
| Amounts payable | 17/49 | €25,101 | €45,004 | +€19,903 | +79.3% |
| Amounts payable after more than one year | 17 | - | €1,709 | +€1,709 | |
| Financial debts | 170/4 | - | €1,709 | +€1,709 | |
| Amounts payable within one year | 42/48 | €25,101 | €43,295 | +€18,194 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | - | €1,225 | +€1,225 | |
| Trade debts | 44 | €6,535 | €5,456 | -€1,079 | -16.5% |
| Suppliers | 440/4 | €6,535 | €5,456 | -€1,079 | -16.5% |
| Advances received on contracts in progress | 46 | - | €28,740 | +€28,740 | |
| Taxes, remuneration and social security | 45 | €2,368 | €6,017 | +€3,649 | +154.1% |
| Taxes | 450/3 | €2,368 | €6,017 | +€3,649 | +154.1% |
| Other amounts payable | 47/48 | €16,198 | €1,856 | -€14,341 | -88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,616 | €2,246 | +€630 | +39.0% |
| Other operating charges | 640/8 | €529 | €839 | +€311 | +58.7% |
| Gross operating margin | 9900 | €14,557 | €26,231 | +€11,674 | +80.2% |
| Operating profit (loss) | 9901 | €12,412 | €23,146 | +€10,734 | +86.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,337 | €2,953 | -€384 | -11.5% |
| Recurring financial charges | 65 | €3,337 | €2,953 | -€384 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €9,076 | €20,193 | +€11,117 | +122.5% |
| Income taxes | 67/77 | €717 | €5,217 | +€4,500 | +627.2% |
| Profit (loss) for the period | 9904 | €8,358 | €14,976 | +€6,617 | +79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,358 | €14,976 | +€6,617 | +79.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.