A very basic ASP question-Can code be hidden

I am totally new to ASP.Till now the i have been using php, so i will try & relate my question with php.If a page is written in php & is seen by the client browser only the html code is visible to the client if he wants to see the code.But for the person who has access to the server,he can easily see the code by viewing the file in any text editor.What i want to ask is that if i write pages in ASP is it possible in any way that the people who have access to the server are unable to view the ASP code? Something like an exe file where the person cant see the code but just use the application.I want to know this cos if i want to hide my code of a web based application located in the server is it possible to do this in ASP?As far as i know this is not possible in PHP.
I have heard of one way - create an object in VB or C++ and reference that in the asp page.This way one not see the VB or C++ code.But i have no idea how to implement this.Any sugestions??
Thanks a lot

Yes, you could set a reference to VB COM DLLs (That means using three acronyms in a single sentence to make you look really cool). This way, the ASP code will still be visible, but you'll be making calls to the functions in the DLLs, the code of which is protected.

Sounds fair?