AASHA: 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.
AASHA
Largest movements
- Tangible fixed assets -€229,924
down €229,924 (-54.8%), from €419,227 to €189,303
of which Other tangible fixed assets: -€149,270
- Intangible fixed assets -€151,890
down €151,890 (-47.7%), from €318,253 to €166,363
- Receivables within one year -€99,977
down €99,977 (-23.8%), from €419,374 to €319,397
of which Trade receivables: -€112,971
- Stocks and contracts -€66,803
down €66,803 (-52.0%), from €128,528 to €61,725
- Cash +€26,012
up €26,012 (+146.4%), from €17,767 to €43,780
mainly Net result for the year (+€275,065) and Investment in fixed assets (net) (+€261,889)
- Trade debts -€476,331
down €476,331 (-48.3%), from €985,266 to €508,935
- Profit (loss) carried forward +€275,065
up €275,065 (+22.4%), from -€1.2m to -€950,212
- Tax, wage and social debts -€135,456
down €135,456 (-60.0%), from €225,931 to €90,475
of which Remuneration and social security: -€109,070
- Debts after one year -€74,461
down €74,461 (-9.7%), from €764,970 to €690,509
of which Financial debts: -€79,461
- Accrued charges and deferred income -€69,032
no longer reported in 2025 (was €69,032)
- Financial income +€828,538
up €828,538 (+5315.7%), from €15,587 to €844,124
of which Non-recurring financial income: +€828,936
- Staff costs -€302,861
down €302,861 (-36.5%), from €830,080 to €527,218
- Gross operating margin -€269,142
down €269,142 (-43.5%), from €619,172 to €350,030
- Financial charges -€101,037
down €101,037, from €73,449 to -€27,588
of which Financial charges: -€100,809
- Depreciation -€49,753
down €49,753 (-29.3%), from €169,678 to €119,925
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 | €1,319,579 | €797,904 | -€521,675 | -39.5% |
| Fixed assets | 21/28 | €751,129 | €369,315 | -€381,815 | -50.8% |
| Intangible fixed assets | 21 | €318,253 | €166,363 | -€151,890 | -47.7% |
| Tangible fixed assets | 22/27 | €419,227 | €189,303 | -€229,924 | -54.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €74,198 | €74,841 | +€643 | +0.9% |
| Leasing and similar rights | 25 | €158,509 | €77,213 | -€81,297 | -51.3% |
| Other tangible fixed assets | 26 | €186,520 | €37,250 | -€149,270 | -80.0% |
| Financial fixed assets | 28 | €13,649 | €13,649 | = | 0.0% |
| Current assets | 29/58 | €568,449 | €428,589 | -€139,860 | -24.6% |
| Stocks and contracts in progress | 3 | €128,528 | €61,725 | -€66,803 | -52.0% |
| Stocks | 30/36 | €128,528 | €61,725 | -€66,803 | -52.0% |
| Amounts receivable within one year | 40/41 | €419,374 | €319,397 | -€99,977 | -23.8% |
| Trade receivables | 40 | €373,795 | €260,825 | -€112,971 | -30.2% |
| Other amounts receivable | 41 | €45,578 | €58,573 | +€12,994 | +28.5% |
| Cash at bank and in hand | 54/58 | €17,767 | €43,780 | +€26,012 | +146.4% |
| Deferred charges and accrued income | 490/1 | €2,780 | €3,687 | +€907 | +32.6% |
| Total equity and liabilities | 10/49 | €1,319,579 | €797,904 | -€521,675 | -39.5% |
| Equity | 10/15 | -€926,677 | -€651,612 | +€275,065 | +29.7% |
| Contributions | 10/11 | €298,600 | €298,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,225,277 | -€950,212 | +€275,065 | +22.4% |
| Amounts payable | 17/49 | €2,246,256 | €1,449,516 | -€796,740 | -35.5% |
| Amounts payable after more than one year | 17 | €764,970 | €690,509 | -€74,461 | -9.7% |
| Financial debts | 170/4 | €90,969 | €11,508 | -€79,461 | -87.3% |
| Other amounts payable | 178/9 | €674,001 | €679,001 | +€5,000 | +0.7% |
| Amounts payable within one year | 42/48 | €1,412,253 | €759,007 | -€653,246 | -46.3% |
| Current portion of amounts payable after more than one year | 42 | €122,728 | €81,269 | -€41,459 | -33.8% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €985,266 | €508,935 | -€476,331 | -48.3% |
| Suppliers | 440/4 | €985,266 | €508,935 | -€476,331 | -48.3% |
| Taxes, remuneration and social security | 45 | €225,931 | €90,475 | -€135,456 | -60.0% |
| Taxes | 450/3 | €26,386 | - | -€26,386 | |
| Remuneration and social security | 454/9 | €199,545 | €90,475 | -€109,070 | -54.7% |
| Other amounts payable | 47/48 | €28,328 | €28,328 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €69,032 | - | -€69,032 | |
| Non-recurring operating income | 76A | €977 | €1,200 | +€223 | +22.8% |
| Remuneration, social security and pensions | 62 | €830,080 | €527,218 | -€302,861 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,678 | €119,925 | -€49,753 | -29.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,693 | +€4,693 | |
| Other operating charges | 640/8 | €452 | €4,584 | +€4,132 | +914.0% |
| Non-recurring operating charges | 66A | €500 | €290,257 | +€289,757 | +57951.4% |
| Gross operating margin | 9900 | €619,172 | €350,030 | -€269,142 | -43.5% |
| Operating profit (loss) | 9901 | -€381,538 | -€596,647 | -€215,109 | -56.4% |
| Financial income | 75/76B | €15,587 | €844,124 | +€828,538 | +5315.7% |
| Recurring financial income | 75 | €531 | €132 | -€399 | -75.1% |
| Non-recurring financial income | 76B | €15,055 | €843,992 | +€828,936 | +5505.9% |
| Financial charges | 65/66B | €73,449 | -€27,588 | -€101,037 | |
| Recurring financial charges | 65 | €73,221 | -€27,588 | -€100,809 | |
| Non-recurring financial charges | 66B | €228 | - | -€228 | |
| Profit (loss) for the period before taxes | 9903 | -€439,400 | €275,065 | +€714,465 | |
| Profit (loss) for the period | 9904 | -€439,400 | €275,065 | +€714,465 | |
| Profit (loss) for the period to be appropriated | 9905 | -€439,400 | €275,065 | +€714,465 |
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 11 October 2026 via checked.be.