Asia Century: 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.
Asia Century
Largest movements
- Tangible fixed assets +€2.7m
up €2.7m (+66.4%), from €4.0m to €6.7m
of which Land and buildings: +€2.5m
- Stocks and contracts -€117,060
down €117,060 (-85.8%), from €136,445 to €19,385
- Cash +€75,145
up €75,145 (+93.0%), from €80,811 to €155,957
mainly Debts after one year (+€1.9m) and Depreciation (+€296,980)
- Debts after one year +€1.9m
up €1.9m (+71.3%), from €2.7m to €4.7m
- Other debts +€274,548
up €274,548 (+65.2%), from €421,021 to €695,569
- Current portion of long-term debt +€230,174
up €230,174 (+98.9%), from €232,721 to €462,895
- Reserves +€192,945
up €192,945 (+21.6%), from €893,167 to €1.1m
- Trade debts -€76,785
down €76,785 (-61.3%), from €125,179 to €48,394
- Gross operating margin +€139,154
up €139,154 (+18.0%), from €773,100 to €912,255
- Financial charges +€72,309
up €72,309 (+103%), from €70,465 to €142,774
- Staff costs +€68,032
up €68,032 (+57.1%), from €119,131 to €187,163
- Depreciation +€32,238
up €32,238 (+12.2%), from €264,742 to €296,980
- Other operating charges -€29,235
down €29,235 (-51.1%), from €57,199 to €27,964
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,478,615 | €7,034,178 | +€2.6m | +57.1% |
| Fixed assets | 21/28 | €4,031,163 | €6,706,759 | +€2.7m | +66.4% |
| Tangible fixed assets | 22/27 | €4,029,657 | €6,705,253 | +€2.7m | +66.4% |
| Land and buildings | 22 | €3,876,707 | €6,413,742 | +€2.5m | +65.4% |
| Plant, machinery and equipment | 23 | €35,283 | €133,132 | +€97,848 | +277% |
| Furniture and vehicles | 24 | €107,635 | €158,379 | +€50,744 | +47.1% |
| Other tangible fixed assets | 26 | €10,031 | - | -€10,031 | |
| Financial fixed assets | 28 | €1,506 | €1,506 | = | 0.0% |
| Current assets | 29/58 | €447,452 | €327,419 | -€120,033 | -26.8% |
| Stocks and contracts in progress | 3 | €136,445 | €19,385 | -€117,060 | -85.8% |
| Stocks | 30/36 | €136,445 | €19,385 | -€117,060 | -85.8% |
| Amounts receivable within one year | 40/41 | €186,981 | €152,078 | -€34,904 | -18.7% |
| Trade receivables | 40 | €6,981 | €8,578 | +€1,596 | +22.9% |
| Other amounts receivable | 41 | €180,000 | €143,500 | -€36,500 | -20.3% |
| Current investments | 50/53 | €33,710 | €0 | -€33,710 | -100% |
| Cash at bank and in hand | 54/58 | €80,811 | €155,957 | +€75,145 | +93.0% |
| Deferred charges and accrued income | 490/1 | €9,505 | €0 | -€9,505 | -100% |
| Total equity and liabilities | 10/49 | €4,478,615 | €7,034,178 | +€2.6m | +57.1% |
| Equity | 10/15 | €898,167 | €1,091,112 | +€192,945 | +21.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €893,167 | €1,086,112 | +€192,945 | +21.6% |
| Distributable reserves | 133 | €893,167 | €1,086,112 | +€192,945 | +21.6% |
| Amounts payable | 17/49 | €3,580,448 | €5,943,066 | +€2.4m | +66.0% |
| Amounts payable after more than one year | 17 | €2,726,222 | €4,669,062 | +€1.9m | +71.3% |
| Financial debts | 170/4 | €2,726,222 | €4,669,062 | +€1.9m | +71.3% |
| Amounts payable within one year | 42/48 | €854,227 | €1,274,004 | +€419,778 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €232,721 | €462,895 | +€230,174 | +98.9% |
| Financial debts | 43 | €10,217 | €15,156 | +€4,939 | +48.3% |
| Credit institutions | 430/8 | €10,217 | €15,156 | +€4,939 | +48.3% |
| Trade debts | 44 | €125,179 | €48,394 | -€76,785 | -61.3% |
| Suppliers | 440/4 | €125,179 | €48,394 | -€76,785 | -61.3% |
| Taxes, remuneration and social security | 45 | €65,088 | €51,990 | -€13,098 | -20.1% |
| Taxes | 450/3 | €38,480 | €29,319 | -€9,162 | -23.8% |
| Remuneration and social security | 454/9 | €26,608 | €22,671 | -€3,937 | -14.8% |
| Other amounts payable | 47/48 | €421,021 | €695,569 | +€274,548 | +65.2% |
| Remuneration, social security and pensions | 62 | €119,131 | €187,163 | +€68,032 | +57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264,742 | €296,980 | +€32,238 | +12.2% |
| Other operating charges | 640/8 | €57,199 | €27,964 | -€29,235 | -51.1% |
| Gross operating margin | 9900 | €773,100 | €912,255 | +€139,154 | +18.0% |
| Operating profit (loss) | 9901 | €332,029 | €400,148 | +€68,120 | +20.5% |
| Financial income | 75/76B | €752 | €7,508 | +€6,755 | +898% |
| Recurring financial income | 75 | €752 | €7,508 | +€6,755 | +898% |
| Financial charges | 65/66B | €70,465 | €142,774 | +€72,309 | +103% |
| Recurring financial charges | 65 | €70,465 | €142,774 | +€72,309 | +103% |
| Profit (loss) for the period before taxes | 9903 | €262,316 | €264,882 | +€2,566 | +1.0% |
| Income taxes | 67/77 | €79,115 | €71,937 | -€7,178 | -9.1% |
| Profit (loss) for the period | 9904 | €183,201 | €192,945 | +€9,744 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €183,201 | €192,945 | +€9,744 | +5.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.