ASenco: 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.
ASenco
Largest movements
- Cash +€53,438
up €53,438 (+118%), from €45,296 to €98,734
mainly Net result for the year (+€152,619) and Depreciation (+€16,062)
- Tangible fixed assets +€50,457
up €50,457 (+7.5%), from €672,371 to €722,829
of which Furniture and vehicles: +€50,457
- Profit (loss) carried forward +€152,442
up €152,442, from -€149,089 to €3,353
- Accrued charges and deferred income -€33,685
down €33,685 (-100%), from €33,685 to €0
- Financial charges -€34,012
down €34,012 (-99.6%), from €34,146 to €134
- Gross operating margin +€11,913
up €11,913 (+7.6%), from €157,634 to €169,547
- Depreciation +€5,939
up €5,939 (+58.7%), from €10,123 to €16,062
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 | €742,717 | €850,094 | +€107,377 | +14.5% |
| Fixed assets | 21/28 | €672,626 | €723,084 | +€50,457 | +7.5% |
| Tangible fixed assets | 22/27 | €672,371 | €722,829 | +€50,457 | +7.5% |
| Furniture and vehicles | 24 | €23,402 | €73,859 | +€50,457 | +216% |
| Assets under construction and advance payments | 27 | €648,969 | €648,969 | = | 0.0% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €70,090 | €127,010 | +€56,920 | +81.2% |
| Amounts receivable within one year | 40/41 | €24,620 | €28,090 | +€3,470 | +14.1% |
| Trade receivables | 40 | €23,969 | €27,440 | +€3,470 | +14.5% |
| Other amounts receivable | 41 | €651 | €651 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,296 | €98,734 | +€53,438 | +118% |
| Deferred charges and accrued income | 490/1 | €175 | €186 | +€11 | +6.5% |
| Total equity and liabilities | 10/49 | €742,717 | €850,094 | +€107,377 | +14.5% |
| Equity | 10/15 | €350,911 | €503,529 | +€152,619 | +43.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | - | €176 | +€176 | |
| Non-distributable reserves | 130/1 | - | €176 | +€176 | |
| Legal reserve | 130 | - | €176 | +€176 | |
| Profit (loss) carried forward | 14 | -€149,089 | €3,353 | +€152,442 | |
| Amounts payable | 17/49 | €391,806 | €346,565 | -€45,242 | -11.5% |
| Amounts payable within one year | 42/48 | €358,121 | €346,565 | -€11,556 | -3.2% |
| Trade debts | 44 | €5,781 | €0 | -€5,781 | -100% |
| Suppliers | 440/4 | €5,781 | €0 | -€5,781 | -100% |
| Taxes, remuneration and social security | 45 | €15,295 | €14,952 | -€343 | -2.2% |
| Taxes | 450/3 | €11,695 | €14,952 | +€3,257 | +27.9% |
| Remuneration and social security | 454/9 | €3,600 | €0 | -€3,600 | -100% |
| Other amounts payable | 47/48 | €337,046 | €331,613 | -€5,433 | -1.6% |
| Accrued charges and deferred income | 492/3 | €33,685 | €0 | -€33,685 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,123 | €16,062 | +€5,939 | +58.7% |
| Other operating charges | 640/8 | €1,590 | €583 | -€1,007 | -63.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €157,634 | €169,547 | +€11,913 | +7.6% |
| Operating profit (loss) | 9901 | €145,922 | €152,902 | +€6,980 | +4.8% |
| Financial income | 75/76B | €12 | €53 | +€41 | +341% |
| Recurring financial income | 75 | €12 | €53 | +€41 | +341% |
| Financial charges | 65/66B | €34,146 | €134 | -€34,012 | -99.6% |
| Recurring financial charges | 65 | €34,146 | €134 | -€34,012 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | €111,787 | €152,821 | +€41,033 | +36.7% |
| Income taxes | 67/77 | €199 | €202 | +€3 | +1.6% |
| Profit (loss) for the period | 9904 | €111,589 | €152,619 | +€41,030 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €111,589 | €152,619 | +€41,030 | +36.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.