ASDC Invest: what changed
What changed
ASDC Invest
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€390,788
2024 · €206,645+€184,143
Equity
€556,189
2024 · €555,401+€788
Cash
€195,345
2024 · €82,456+€112,889
Balance sheet total
€4.2m
2024 · €2.4m+€1.9m
Largest movements
Assets
- Financial fixed assets +€1.8m
up €1.8m (+80.0%), from €2.2m to €4.0m
- Cash +€112,889
up €112,889 (+137%), from €82,456 to €195,345
mainly Debts after one year (+€1.3m) and Other debts (+€416,084)
Equity and liabilities
- Debts after one year +€1.3m
up €1.3m (+87.9%), from €1.4m to €2.7m
of which Other amounts payable: +€1.6m
- Other debts +€416,084
up €416,084 (+149,027%), from €279 to €416,364
- Current portion of long-term debt +€177,358
up €177,358 (+59.2%), from €299,827 to €477,185
Income statement
- Gross operating margin +€145,820
up €145,820 (+61.3%), from €238,042 to €383,862
- Financial income +€72,625
up €72,625 (+93.9%), from €77,375 to €150,000
- Financial charges +€23,055
up €23,055 (+113%), from €20,415 to €43,470
- Taxes +€9,011
up €9,011 (+12.5%), from €72,089 to €81,100
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€206,645
Gross operating margin
+€145,820
Depreciation
-€2,181
Other operating charges
-€55
Financial income
+€72,625
Financial charges
-€23,055
Taxes
-€9,011
Result 2025
€390,788
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€812,716
Investment
-€1.8m
Financing
+€1.1m
Cash 2024
€82,456
From operations (derived)
+€812,716
Net result for the year
+€390,788
Depreciation
+€17,351
Receivables within one year
-€12,591
Deferred charges and accrued income
-€101
Trade debts
+€11,385
Tax, wage and social debts
-€10,200
Other debts
+€416,084
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€1.1m
Debts after one year
+€1.3m
Current portion of long-term debt
+€177,358
Contributions, distributions and other
-€390,000
Cash 2025
€195,345
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,354,991 | €4,223,221 | +€1.9m | +79.3% |
| Fixed assets | 21/28 | €2,271,586 | €4,014,234 | +€1.7m | +76.7% |
| Tangible fixed assets | 22/27 | €71,586 | €54,234 | -€17,351 | -24.2% |
| Furniture and vehicles | 24 | €71,586 | €54,234 | -€17,351 | -24.2% |
| Financial fixed assets | 28 | €2,200,000 | €3,960,000 | +€1.8m | +80.0% |
| Current assets | 29/58 | €83,406 | €208,986 | +€125,581 | +151% |
| Amounts receivable within one year | 40/41 | €169 | €12,760 | +€12,591 | +7,436% |
| Trade receivables | 40 | - | €7,860 | +€7,860 | |
| Other amounts receivable | 41 | €169 | €4,900 | +€4,731 | +2,794% |
| Cash at bank and in hand | 54/58 | €82,456 | €195,345 | +€112,889 | +137% |
| Deferred charges and accrued income | 490/1 | €780 | €881 | +€101 | +13.0% |
| Total equity and liabilities | 10/49 | €2,354,991 | €4,223,221 | +€1.9m | +79.3% |
| Equity | 10/15 | €555,401 | €556,189 | +€788 | +0.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €505,390 | €505,390 | = | 0.0% |
| Distributable reserves | 133 | €505,390 | €505,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11 | €799 | +€788 | +7,328% |
| Amounts payable | 17/49 | €1,799,590 | €3,667,032 | +€1.9m | +104% |
| Amounts payable after more than one year | 17 | €1,448,318 | €2,721,133 | +€1.3m | +87.9% |
| Financial debts | 170/4 | €1,448,318 | €1,146,133 | -€302,185 | -20.9% |
| Other amounts payable | 178/9 | - | €1,575,000 | +€1.6m | |
| Amounts payable within one year | 42/48 | €351,272 | €945,899 | +€594,627 | +169% |
| Current portion of amounts payable after more than one year | 42 | €299,827 | €477,185 | +€177,358 | +59.2% |
| Trade debts | 44 | €5,820 | €17,205 | +€11,385 | +196% |
| Suppliers | 440/4 | €5,820 | €17,205 | +€11,385 | +196% |
| Taxes, remuneration and social security | 45 | €45,346 | €35,145 | -€10,200 | -22.5% |
| Taxes | 450/3 | €45,346 | €35,145 | -€10,200 | -22.5% |
| Other amounts payable | 47/48 | €279 | €416,364 | +€416,084 | +149,027% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,170 | €17,351 | +€2,181 | +14.4% |
| Other operating charges | 640/8 | €1,098 | €1,153 | +€55 | +5.0% |
| Gross operating margin | 9900 | €238,042 | €383,862 | +€145,820 | +61.3% |
| Operating profit (loss) | 9901 | €221,774 | €365,357 | +€143,583 | +64.7% |
| Financial income | 75/76B | €77,375 | €150,000 | +€72,625 | +93.9% |
| Recurring financial income | 75 | €77,375 | €150,000 | +€72,625 | +93.9% |
| Financial charges | 65/66B | €20,415 | €43,470 | +€23,055 | +113% |
| Recurring financial charges | 65 | €20,415 | €43,470 | +€23,055 | +113% |
| Profit (loss) for the period before taxes | 9903 | €278,734 | €471,888 | +€193,153 | +69.3% |
| Income taxes | 67/77 | €72,089 | €81,100 | +€9,011 | +12.5% |
| Profit (loss) for the period | 9904 | €206,645 | €390,788 | +€184,143 | +89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €206,645 | €390,788 | +€184,143 | +89.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.